id	sid	tid	token	lemma	pos
fbem-12630	1	1	frontiers	frontier	NOUN
fbem-12630	1	2	in	in	ADP
fbem-12630	1	3	business	business	NOUN
fbem-12630	1	4	,	,	PUNCT
fbem-12630	1	5	economics	economic	NOUN
fbem-12630	1	6	and	and	CCONJ
fbem-12630	1	7	management	management	NOUN
fbem-12630	1	8	issn	issn	PROPN
fbem-12630	1	9	:	:	PUNCT
fbem-12630	1	10	2766	2766	NUM
fbem-12630	1	11	-	-	PUNCT
fbem-12630	1	12	824x	824x	NUM
fbem-12630	1	13	|	|	ADJ
fbem-12630	1	14	vol	vol	NOUN
fbem-12630	1	15	.	.	PUNCT
fbem-12630	2	1	11	11	NUM
fbem-12630	2	2	,	,	PUNCT
fbem-12630	2	3	no	no	INTJ
fbem-12630	2	4	.	.	NOUN
fbem-12630	2	5	2	2	NUM
fbem-12630	2	6	,	,	PUNCT
fbem-12630	2	7	2023	2023	NUM
fbem-12630	2	8	322	322	NUM
fbem-12630	2	9	the	the	DET
fbem-12630	2	10	impact	impact	NOUN
fbem-12630	2	11	of	of	ADP
fbem-12630	2	12	rmb	rmb	PROPN
fbem-12630	2	13	exchange	exchange	NOUN
fbem-12630	2	14	rate	rate	NOUN
fbem-12630	2	15	fluctuations	fluctuation	NOUN
fbem-12630	2	16	on	on	ADP
fbem-12630	2	17	china	china	PROPN
fbem-12630	2	18	's	's	PART
fbem-12630	2	19	outward	outward	ADJ
fbem-12630	2	20	foreign	foreign	ADJ
fbem-12630	2	21	direct	direct	ADJ
fbem-12630	2	22	investment	investment	NOUN
fbem-12630	2	23	:	:	PUNCT
fbem-12630	2	24	an	an	DET
fbem-12630	2	25	empirical	empirical	ADJ
fbem-12630	2	26	analysis	analysis	NOUN
fbem-12630	2	27	longjiang	longjiang	PROPN
fbem-12630	2	28	nan	nan	PROPN
fbem-12630	2	29	*	*	PROPN
fbem-12630	2	30	east	east	PROPN
fbem-12630	2	31	china	china	PROPN
fbem-12630	2	32	university	university	PROPN
fbem-12630	2	33	of	of	ADP
fbem-12630	2	34	political	political	ADJ
fbem-12630	2	35	science	science	NOUN
fbem-12630	2	36	and	and	CCONJ
fbem-12630	2	37	law	law	NOUN
fbem-12630	2	38	,	,	PUNCT
fbem-12630	2	39	shanghai	shanghai	PROPN
fbem-12630	2	40	,	,	PUNCT
fbem-12630	2	41	china	china	PROPN
fbem-12630	2	42	*	*	PUNCT
fbem-12630	2	43	corresponding	correspond	VERB
fbem-12630	2	44	author	author	NOUN
fbem-12630	2	45	email	email	NOUN
fbem-12630	2	46	:	:	PUNCT
fbem-12630	2	47	nlj1341881404@gmail.com	nlj1341881404@gmail.com	X
fbem-12630	2	48	abstract	abstract	NOUN
fbem-12630	2	49	:	:	PUNCT
fbem-12630	2	50	recently	recently	ADV
fbem-12630	2	51	,	,	PUNCT
fbem-12630	2	52	the	the	DET
fbem-12630	2	53	rmb	rmb	PROPN
fbem-12630	2	54	exchange	exchange	NOUN
fbem-12630	2	55	rate	rate	NOUN
fbem-12630	2	56	has	have	AUX
fbem-12630	2	57	experienced	experience	VERB
fbem-12630	2	58	significant	significant	ADJ
fbem-12630	2	59	fluctuations	fluctuation	NOUN
fbem-12630	2	60	.	.	PUNCT
fbem-12630	3	1	on	on	ADP
fbem-12630	3	2	may	may	PROPN
fbem-12630	3	3	13th	13th	NOUN
fbem-12630	3	4	,	,	PUNCT
fbem-12630	3	5	the	the	DET
fbem-12630	3	6	spot	spot	NOUN
fbem-12630	3	7	exchange	exchange	NOUN
fbem-12630	3	8	rate	rate	NOUN
fbem-12630	3	9	of	of	ADP
fbem-12630	3	10	onshore	onshore	ADJ
fbem-12630	3	11	rmb	rmb	NOUN
fbem-12630	3	12	against	against	ADP
fbem-12630	3	13	the	the	DET
fbem-12630	3	14	us	us	PROPN
fbem-12630	3	15	dollar	dollar	NOUN
fbem-12630	3	16	fell	fall	VERB
fbem-12630	3	17	below	below	ADP
fbem-12630	3	18	6.8	6.8	NUM
fbem-12630	3	19	,	,	PUNCT
fbem-12630	3	20	depreciating	depreciate	VERB
fbem-12630	3	21	by	by	ADP
fbem-12630	3	22	over	over	ADP
fbem-12630	3	23	1000	1000	NUM
fbem-12630	3	24	basis	basis	NOUN
fbem-12630	3	25	points	point	NOUN
fbem-12630	3	26	compared	compare	VERB
fbem-12630	3	27	to	to	ADP
fbem-12630	3	28	the	the	DET
fbem-12630	3	29	opening	opening	NOUN
fbem-12630	3	30	rate	rate	NOUN
fbem-12630	3	31	of	of	ADP
fbem-12630	3	32	6.6985	6.6985	NUM
fbem-12630	3	33	on	on	ADP
fbem-12630	3	34	may	may	PROPN
fbem-12630	3	35	9th	9th	NOUN
fbem-12630	3	36	.	.	PUNCT
fbem-12630	4	1	against	against	ADP
fbem-12630	4	2	this	this	DET
fbem-12630	4	3	backdrop	backdrop	NOUN
fbem-12630	4	4	,	,	PUNCT
fbem-12630	4	5	this	this	DET
fbem-12630	4	6	paper	paper	NOUN
fbem-12630	4	7	follows	follow	VERB
fbem-12630	4	8	the	the	DET
fbem-12630	4	9	research	research	NOUN
fbem-12630	4	10	paradigm	paradigm	NOUN
fbem-12630	4	11	of	of	ADP
fbem-12630	4	12	zhang	zhang	PROPN
fbem-12630	4	13	weifu	weifu	PROPN
fbem-12630	4	14	(	(	PUNCT
fbem-12630	4	15	2008	2008	NUM
fbem-12630	4	16	)	)	PUNCT
fbem-12630	4	17	to	to	PART
fbem-12630	4	18	empirically	empirically	ADV
fbem-12630	4	19	examine	examine	VERB
fbem-12630	4	20	the	the	DET
fbem-12630	4	21	impact	impact	NOUN
fbem-12630	4	22	of	of	ADP
fbem-12630	4	23	rmb	rmb	ADJ
fbem-12630	4	24	real	real	ADJ
fbem-12630	4	25	exchange	exchange	NOUN
fbem-12630	4	26	rate	rate	NOUN
fbem-12630	4	27	changes	change	NOUN
fbem-12630	4	28	on	on	ADP
fbem-12630	4	29	chinese	chinese	ADJ
fbem-12630	4	30	enterprises	enterprise	NOUN
fbem-12630	4	31	'	'	PART
fbem-12630	4	32	outward	outward	ADJ
fbem-12630	4	33	foreign	foreign	ADJ
fbem-12630	4	34	direct	direct	ADJ
fbem-12630	4	35	investment	investment	NOUN
fbem-12630	4	36	(	(	PUNCT
fbem-12630	4	37	ofdi	ofdi	NOUN
fbem-12630	4	38	)	)	PUNCT
fbem-12630	4	39	.	.	PUNCT
fbem-12630	5	1	drawing	draw	VERB
fbem-12630	5	2	on	on	ADP
fbem-12630	5	3	ofdi	ofdi	NOUN
fbem-12630	5	4	research	research	NOUN
fbem-12630	5	5	frameworks	framework	NOUN
fbem-12630	5	6	for	for	ADP
fbem-12630	5	7	developed	developed	ADJ
fbem-12630	5	8	and	and	CCONJ
fbem-12630	5	9	developing	develop	VERB
fbem-12630	5	10	countries	country	NOUN
fbem-12630	5	11	,	,	PUNCT
fbem-12630	5	12	it	it	PRON
fbem-12630	5	13	first	first	ADV
fbem-12630	5	14	reviews	review	VERB
fbem-12630	5	15	theories	theory	NOUN
fbem-12630	5	16	of	of	ADP
fbem-12630	5	17	internal	internal	ADJ
fbem-12630	5	18	forces	force	NOUN
fbem-12630	5	19	,	,	PUNCT
fbem-12630	5	20	external	external	ADJ
fbem-12630	5	21	forces	force	NOUN
fbem-12630	5	22	,	,	PUNCT
fbem-12630	5	23	and	and	CCONJ
fbem-12630	5	24	environmental	environmental	ADJ
fbem-12630	5	25	support	support	NOUN
fbem-12630	5	26	for	for	ADP
fbem-12630	5	27	china	china	PROPN
fbem-12630	5	28	's	's	PART
fbem-12630	5	29	ofdi	ofdi	NOUN
fbem-12630	5	30	,	,	PUNCT
fbem-12630	5	31	and	and	CCONJ
fbem-12630	5	32	discusses	discuss	VERB
fbem-12630	5	33	real	real	ADJ
fbem-12630	5	34	exchange	exchange	NOUN
fbem-12630	5	35	rate	rate	NOUN
fbem-12630	5	36	impacts	impact	NOUN
fbem-12630	5	37	on	on	ADP
fbem-12630	5	38	ofdi	ofdi	NOUN
fbem-12630	5	39	through	through	ADP
fbem-12630	5	40	the	the	DET
fbem-12630	5	41	environmental	environmental	ADJ
fbem-12630	5	42	support	support	NOUN
fbem-12630	5	43	channel	channel	NOUN
fbem-12630	5	44	.	.	PUNCT
fbem-12630	6	1	a	a	DET
fbem-12630	6	2	standardized	standardized	ADJ
fbem-12630	6	3	microeconomic	microeconomic	ADJ
fbem-12630	6	4	model	model	NOUN
fbem-12630	6	5	is	be	AUX
fbem-12630	6	6	developed	develop	VERB
fbem-12630	6	7	to	to	PART
fbem-12630	6	8	show	show	VERB
fbem-12630	6	9	,	,	PUNCT
fbem-12630	6	10	under	under	ADP
fbem-12630	6	11	certain	certain	ADJ
fbem-12630	6	12	assumptions	assumption	NOUN
fbem-12630	6	13	,	,	PUNCT
fbem-12630	6	14	that	that	SCONJ
fbem-12630	6	15	real	real	ADJ
fbem-12630	6	16	exchange	exchange	NOUN
fbem-12630	6	17	rates	rate	NOUN
fbem-12630	6	18	affect	affect	VERB
fbem-12630	6	19	ofdi	ofdi	NOUN
fbem-12630	6	20	via	via	ADP
fbem-12630	6	21	export	export	NOUN
fbem-12630	6	22	channels	channel	NOUN
fbem-12630	6	23	.	.	PUNCT
fbem-12630	7	1	an	an	DET
fbem-12630	7	2	empirical	empirical	ADJ
fbem-12630	7	3	model	model	NOUN
fbem-12630	7	4	then	then	ADV
fbem-12630	7	5	tests	test	VERB
fbem-12630	7	6	these	these	DET
fbem-12630	7	7	effects	effect	NOUN
fbem-12630	7	8	.	.	PUNCT
fbem-12630	8	1	finally	finally	ADV
fbem-12630	8	2	,	,	PUNCT
fbem-12630	8	3	policy	policy	NOUN
fbem-12630	8	4	recommendations	recommendation	NOUN
fbem-12630	8	5	are	be	AUX
fbem-12630	8	6	provided	provide	VERB
fbem-12630	8	7	based	base	VERB
fbem-12630	8	8	on	on	ADP
fbem-12630	8	9	the	the	DET
fbem-12630	8	10	theoretical	theoretical	ADJ
fbem-12630	8	11	and	and	CCONJ
fbem-12630	8	12	empirical	empirical	ADJ
fbem-12630	8	13	results	result	NOUN
fbem-12630	8	14	.	.	PUNCT
fbem-12630	9	1	keywords	keyword	NOUN
fbem-12630	9	2	:	:	PUNCT
fbem-12630	9	3	real	real	ADJ
fbem-12630	9	4	exchange	exchange	NOUN
fbem-12630	9	5	rate	rate	NOUN
fbem-12630	9	6	,	,	PUNCT
fbem-12630	9	7	ofdi	ofdi	NOUN
fbem-12630	9	8	,	,	PUNCT
fbem-12630	9	9	exports	export	NOUN
fbem-12630	9	10	.	.	PUNCT
fbem-12630	10	1	1	1	X
fbem-12630	10	2	.	.	X
fbem-12630	10	3	introduction	introduction	NOUN
fbem-12630	10	4	since	since	SCONJ
fbem-12630	10	5	the	the	DET
fbem-12630	10	6	1990s	1990s	NUM
fbem-12630	10	7	,	,	PUNCT
fbem-12630	10	8	cross	cross	ADJ
fbem-12630	10	9	-	-	ADJ
fbem-12630	10	10	border	border	ADJ
fbem-12630	10	11	direct	direct	ADJ
fbem-12630	10	12	investment	investment	NOUN
fbem-12630	10	13	has	have	AUX
fbem-12630	10	14	become	become	VERB
fbem-12630	10	15	a	a	DET
fbem-12630	10	16	major	major	ADJ
fbem-12630	10	17	driver	driver	NOUN
fbem-12630	10	18	of	of	ADP
fbem-12630	10	19	economic	economic	ADJ
fbem-12630	10	20	globalization	globalization	NOUN
fbem-12630	10	21	,	,	PUNCT
fbem-12630	10	22	surpassing	surpass	VERB
fbem-12630	10	23	international	international	ADJ
fbem-12630	10	24	trade	trade	NOUN
fbem-12630	10	25	.	.	PUNCT
fbem-12630	11	1	consequently	consequently	ADV
fbem-12630	11	2	,	,	PUNCT
fbem-12630	11	3	research	research	NOUN
fbem-12630	11	4	on	on	ADP
fbem-12630	11	5	mne	mne	PROPN
fbem-12630	11	6	motives	motive	NOUN
fbem-12630	11	7	,	,	PUNCT
fbem-12630	11	8	types	type	NOUN
fbem-12630	11	9	,	,	PUNCT
fbem-12630	11	10	entry	entry	NOUN
fbem-12630	11	11	modes	mode	NOUN
fbem-12630	11	12	,	,	PUNCT
fbem-12630	11	13	operations	operation	NOUN
fbem-12630	11	14	,	,	PUNCT
fbem-12630	11	15	performance	performance	NOUN
fbem-12630	11	16	,	,	PUNCT
fbem-12630	11	17	risks	risk	NOUN
fbem-12630	11	18	,	,	PUNCT
fbem-12630	11	19	etc	etc	X
fbem-12630	11	20	.	.	X
fbem-12630	11	21	has	have	AUX
fbem-12630	11	22	emerged	emerge	VERB
fbem-12630	11	23	,	,	PUNCT
fbem-12630	11	24	forming	form	VERB
fbem-12630	11	25	related	related	ADJ
fbem-12630	11	26	theories	theory	NOUN
fbem-12630	11	27	.	.	PUNCT
fbem-12630	12	1	early	early	ADJ
fbem-12630	12	2	ofdi	ofdi	NOUN
fbem-12630	12	3	risk	risk	NOUN
fbem-12630	12	4	research	research	NOUN
fbem-12630	12	5	focused	focus	VERB
fbem-12630	12	6	on	on	ADP
fbem-12630	12	7	qualitative	qualitative	ADJ
fbem-12630	12	8	analysis	analysis	NOUN
fbem-12630	12	9	of	of	ADP
fbem-12630	12	10	risk	risk	NOUN
fbem-12630	12	11	types	type	NOUN
fbem-12630	12	12	,	,	PUNCT
fbem-12630	12	13	sources	source	NOUN
fbem-12630	12	14	,	,	PUNCT
fbem-12630	12	15	influencing	influence	VERB
fbem-12630	12	16	factors	factor	NOUN
fbem-12630	12	17	,	,	PUNCT
fbem-12630	12	18	etc	etc	X
fbem-12630	12	19	.	.	X
fbem-12630	12	20	with	with	ADP
fbem-12630	12	21	developments	development	NOUN
fbem-12630	12	22	in	in	ADP
fbem-12630	12	23	econometrics	econometric	NOUN
fbem-12630	12	24	,	,	PUNCT
fbem-12630	12	25	quantitative	quantitative	ADJ
fbem-12630	12	26	studies	study	NOUN
fbem-12630	12	27	proliferated	proliferate	VERB
fbem-12630	12	28	,	,	PUNCT
fbem-12630	12	29	using	use	VERB
fbem-12630	12	30	countries	country	NOUN
fbem-12630	12	31	'	'	PART
fbem-12630	12	32	ofdi	ofdi	NOUN
fbem-12630	12	33	data	datum	NOUN
fbem-12630	12	34	to	to	PART
fbem-12630	12	35	test	test	NOUN
fbem-12630	12	36	influences	influence	NOUN
fbem-12630	12	37	on	on	ADP
fbem-12630	12	38	ofdi	ofdi	NOUN
fbem-12630	12	39	risks	risk	NOUN
fbem-12630	12	40	empirically	empirically	ADV
fbem-12630	12	41	.	.	PUNCT
fbem-12630	13	1	existing	exist	VERB
fbem-12630	13	2	literature	literature	NOUN
fbem-12630	13	3	has	have	AUX
fbem-12630	13	4	extensively	extensively	ADV
fbem-12630	13	5	studied	study	VERB
fbem-12630	13	6	factors	factor	NOUN
fbem-12630	13	7	influencing	influence	VERB
fbem-12630	13	8	ofdi	ofdi	ADV
fbem-12630	13	9	,	,	PUNCT
fbem-12630	13	10	e.g.	e.g.	ADV
fbem-12630	13	11	chen	chen	PROPN
fbem-12630	13	12	lin	lin	PROPN
fbem-12630	13	13	(	(	PUNCT
fbem-12630	13	14	2020	2020	NUM
fbem-12630	13	15	)	)	PUNCT
fbem-12630	13	16	summarized	summarize	VERB
fbem-12630	13	17	exchange	exchange	NOUN
fbem-12630	13	18	rate	rate	NOUN
fbem-12630	13	19	ofdi	ofdi	NOUN
fbem-12630	13	20	impacts	impact	NOUN
fbem-12630	13	21	in	in	ADP
fbem-12630	13	22	three	three	NUM
fbem-12630	13	23	aspects	aspect	NOUN
fbem-12630	13	24	:	:	PUNCT
fbem-12630	13	25	exchange	exchange	NOUN
fbem-12630	13	26	rate	rate	NOUN
fbem-12630	13	27	level	level	NOUN
fbem-12630	13	28	changes	change	NOUN
fbem-12630	13	29	(	(	PUNCT
fbem-12630	13	30	appreciation	appreciation	NOUN
fbem-12630	13	31	/	/	SYM
fbem-12630	13	32	depreciation	depreciation	NOUN
fbem-12630	13	33	)	)	PUNCT
fbem-12630	13	34	,	,	PUNCT
fbem-12630	13	35	volatility	volatility	NOUN
fbem-12630	13	36	,	,	PUNCT
fbem-12630	13	37	and	and	CCONJ
fbem-12630	13	38	expectations	expectation	NOUN
fbem-12630	13	39	.	.	PUNCT
fbem-12630	14	1	regarding	regard	VERB
fbem-12630	14	2	exchange	exchange	NOUN
fbem-12630	14	3	rate	rate	NOUN
fbem-12630	14	4	level	level	NOUN
fbem-12630	14	5	impacts	impact	NOUN
fbem-12630	14	6	on	on	ADP
fbem-12630	14	7	ofdi	ofdi	PRON
fbem-12630	14	8	,	,	PUNCT
fbem-12630	14	9	three	three	NUM
fbem-12630	14	10	explanations	explanation	NOUN
fbem-12630	14	11	exist	exist	VERB
fbem-12630	14	12	:	:	PUNCT
fbem-12630	14	13	relative	relative	ADJ
fbem-12630	14	14	production	production	NOUN
fbem-12630	14	15	cost	cost	NOUN
fbem-12630	14	16	theory	theory	NOUN
fbem-12630	14	17	,	,	PUNCT
fbem-12630	14	18	relative	relative	ADJ
fbem-12630	14	19	wealth	wealth	NOUN
fbem-12630	14	20	hypothesis	hypothesis	NOUN
fbem-12630	14	21	,	,	PUNCT
fbem-12630	14	22	and	and	CCONJ
fbem-12630	14	23	firm	firm	ADJ
fbem-12630	14	24	-	-	PUNCT
fbem-12630	14	25	specific	specific	ADJ
fbem-12630	14	26	asset	asset	NOUN
fbem-12630	14	27	theory	theory	NOUN
fbem-12630	14	28	.	.	PUNCT
fbem-12630	15	1	kohlhagen	kohlhagen	PROPN
fbem-12630	15	2	(	(	PUNCT
fbem-12630	15	3	1977	1977	NUM
fbem-12630	15	4	)	)	PUNCT
fbem-12630	15	5	et	et	PROPN
fbem-12630	15	6	al	al	PROPN
fbem-12630	15	7	.	.	PROPN
fbem-12630	15	8	argued	argue	VERB
fbem-12630	15	9	host	host	NOUN
fbem-12630	15	10	country	country	NOUN
fbem-12630	15	11	currency	currency	NOUN
fbem-12630	15	12	devaluation	devaluation	NOUN
fbem-12630	15	13	versus	versus	ADP
fbem-12630	15	14	the	the	DET
fbem-12630	15	15	home	home	NOUN
fbem-12630	15	16	country	country	NOUN
fbem-12630	15	17	attracts	attract	VERB
fbem-12630	15	18	fdi	fdi	NOUN
fbem-12630	15	19	by	by	ADP
fbem-12630	15	20	lowering	lower	VERB
fbem-12630	15	21	relative	relative	ADJ
fbem-12630	15	22	production	production	NOUN
fbem-12630	15	23	costs	cost	NOUN
fbem-12630	15	24	and	and	CCONJ
fbem-12630	15	25	raising	raise	VERB
fbem-12630	15	26	foreign	foreign	ADJ
fbem-12630	15	27	investor	investor	NOUN
fbem-12630	15	28	returns	return	NOUN
fbem-12630	15	29	,	,	PUNCT
fbem-12630	15	30	while	while	SCONJ
fbem-12630	15	31	appreciation	appreciation	NOUN
fbem-12630	15	32	has	have	VERB
fbem-12630	15	33	the	the	DET
fbem-12630	15	34	opposite	opposite	ADJ
fbem-12630	15	35	effect	effect	NOUN
fbem-12630	15	36	.	.	PUNCT
fbem-12630	16	1	froot	froot	NOUN
fbem-12630	16	2	and	and	CCONJ
fbem-12630	16	3	stein	stein	PROPN
fbem-12630	16	4	(	(	PUNCT
fbem-12630	16	5	1993	1993	NUM
fbem-12630	16	6	)	)	PUNCT
fbem-12630	16	7	empirically	empirically	ADV
fbem-12630	16	8	analyzed	analyze	VERB
fbem-12630	16	9	us	we	PRON
fbem-12630	16	10	fdi	fdi	PROPN
fbem-12630	16	11	in	in	ADP
fbem-12630	16	12	13	13	NUM
fbem-12630	16	13	industries	industry	NOUN
fbem-12630	16	14	,	,	PUNCT
fbem-12630	16	15	finding	find	VERB
fbem-12630	16	16	usd	usd	NOUN
fbem-12630	16	17	devaluation	devaluation	NOUN
fbem-12630	16	18	lowered	lower	VERB
fbem-12630	16	19	relative	relative	ADJ
fbem-12630	16	20	us	us	PROPN
fbem-12630	16	21	asset	asset	NOUN
fbem-12630	16	22	prices	price	NOUN
fbem-12630	16	23	,	,	PUNCT
fbem-12630	16	24	enhancing	enhance	VERB
fbem-12630	16	25	foreign	foreign	ADJ
fbem-12630	16	26	companies	company	NOUN
fbem-12630	16	27	’	'	PUNCT
fbem-12630	16	28	local	local	ADJ
fbem-12630	16	29	production	production	NOUN
fbem-12630	16	30	capacity	capacity	NOUN
fbem-12630	16	31	and	and	CCONJ
fbem-12630	16	32	fdi	fdi	NOUN
fbem-12630	16	33	inflows	inflow	NOUN
fbem-12630	16	34	,	,	PUNCT
fbem-12630	16	35	confirming	confirm	VERB
fbem-12630	16	36	devaluation	devaluation	NOUN
fbem-12630	16	37	increases	increase	VERB
fbem-12630	16	38	fdi	fdi	NOUN
fbem-12630	16	39	inflows	inflow	NOUN
fbem-12630	16	40	.	.	PUNCT
fbem-12630	17	1	xing	xing	PROPN
fbem-12630	17	2	and	and	CCONJ
fbem-12630	17	3	wan	wan	PROPN
fbem-12630	17	4	(	(	PUNCT
fbem-12630	17	5	2006	2006	NUM
fbem-12630	17	6	)	)	PUNCT
fbem-12630	17	7	found	find	VERB
fbem-12630	17	8	competitive	competitive	ADJ
fbem-12630	17	9	currency	currency	NOUN
fbem-12630	17	10	devaluation	devaluation	NOUN
fbem-12630	17	11	in	in	ADP
fbem-12630	17	12	host	host	NOUN
fbem-12630	17	13	countries	country	NOUN
fbem-12630	17	14	attracted	attract	VERB
fbem-12630	17	15	more	more	ADJ
fbem-12630	17	16	japanese	japanese	ADJ
fbem-12630	17	17	fdi	fdi	PROPN
fbem-12630	17	18	in	in	ADP
fbem-12630	17	19	china	china	PROPN
fbem-12630	17	20	,	,	PUNCT
fbem-12630	17	21	indonesia	indonesia	PROPN
fbem-12630	17	22	,	,	PUNCT
fbem-12630	17	23	malaysia	malaysia	PROPN
fbem-12630	17	24	,	,	PUNCT
fbem-12630	17	25	the	the	DET
fbem-12630	17	26	philippines	philippine	NOUN
fbem-12630	17	27	and	and	CCONJ
fbem-12630	17	28	thailand	thailand	PROPN
fbem-12630	17	29	.	.	PUNCT
fbem-12630	18	1	moreover	moreover	ADV
fbem-12630	18	2	,	,	PUNCT
fbem-12630	18	3	blonigen	blonigen	NOUN
fbem-12630	18	4	(	(	PUNCT
fbem-12630	18	5	1997	1997	NUM
fbem-12630	18	6	)	)	PUNCT
fbem-12630	18	7	argued	argue	VERB
fbem-12630	18	8	host	host	NOUN
fbem-12630	18	9	currency	currency	NOUN
fbem-12630	18	10	devaluation	devaluation	NOUN
fbem-12630	18	11	or	or	CCONJ
fbem-12630	18	12	home	home	NOUN
fbem-12630	18	13	currency	currency	NOUN
fbem-12630	18	14	appreciation	appreciation	NOUN
fbem-12630	18	15	promotes	promote	VERB
fbem-12630	18	16	m&a	m&a	PROPN
fbem-12630	18	17	fdi	fdi	NOUN
fbem-12630	18	18	seeking	seek	VERB
fbem-12630	18	19	firm	firm	ADJ
fbem-12630	18	20	-	-	PUNCT
fbem-12630	18	21	specific	specific	ADJ
fbem-12630	18	22	assets	asset	NOUN
fbem-12630	18	23	in	in	ADP
fbem-12630	18	24	imperfect	imperfect	ADJ
fbem-12630	18	25	product	product	NOUN
fbem-12630	18	26	markets	market	NOUN
fbem-12630	18	27	,	,	PUNCT
fbem-12630	18	28	a	a	DET
fbem-12630	18	29	hypothesis	hypothesis	NOUN
fbem-12630	18	30	supported	support	VERB
fbem-12630	18	31	by	by	ADP
fbem-12630	18	32	studies	study	NOUN
fbem-12630	18	33	like	like	ADP
fbem-12630	18	34	buch	buch	NOUN
fbem-12630	18	35	and	and	CCONJ
fbem-12630	18	36	kleinert	kleinert	NOUN
fbem-12630	18	37	(	(	PUNCT
fbem-12630	18	38	2008	2008	NUM
fbem-12630	18	39	)	)	PUNCT
fbem-12630	18	40	.	.	PUNCT
fbem-12630	19	1	conversely	conversely	ADV
fbem-12630	19	2	,	,	PUNCT
fbem-12630	19	3	other	other	ADJ
fbem-12630	19	4	studies	study	NOUN
fbem-12630	19	5	suggest	suggest	VERB
fbem-12630	19	6	host	host	NOUN
fbem-12630	19	7	currency	currency	NOUN
fbem-12630	19	8	appreciation	appreciation	NOUN
fbem-12630	19	9	attracts	attract	VERB
fbem-12630	19	10	fdi	fdi	PROPN
fbem-12630	19	11	.	.	PUNCT
fbem-12630	20	1	whitmore	whitmore	NOUN
fbem-12630	20	2	(	(	PUNCT
fbem-12630	20	3	1989	1989	NUM
fbem-12630	20	4	)	)	PUNCT
fbem-12630	20	5	found	find	VERB
fbem-12630	20	6	host	host	NOUN
fbem-12630	20	7	currency	currency	NOUN
fbem-12630	20	8	appreciation	appreciation	NOUN
fbem-12630	20	9	versus	versus	ADP
fbem-12630	20	10	usd	usd	NOUN
fbem-12630	20	11	significantly	significantly	ADV
fbem-12630	20	12	drove	drive	VERB
fbem-12630	20	13	fdi	fdi	NOUN
fbem-12630	20	14	into	into	ADP
fbem-12630	20	15	emerging	emerge	VERB
fbem-12630	20	16	industrialized	industrialize	VERB
fbem-12630	20	17	economies	economy	NOUN
fbem-12630	20	18	.	.	PUNCT
fbem-12630	21	1	benassy	benassy	ADV
fbem-12630	21	2	(	(	PUNCT
fbem-12630	21	3	2001	2001	NUM
fbem-12630	21	4	)	)	PUNCT
fbem-12630	21	5	et	et	PROPN
fbem-12630	21	6	al	al	PROPN
fbem-12630	21	7	.	.	PROPN
fbem-12630	21	8	argued	argue	VERB
fbem-12630	21	9	exchange	exchange	NOUN
fbem-12630	21	10	rate	rate	NOUN
fbem-12630	21	11	impacts	impact	NOUN
fbem-12630	21	12	on	on	ADP
fbem-12630	21	13	fdi	fdi	NOUN
fbem-12630	21	14	depend	depend	VERB
fbem-12630	21	15	on	on	ADP
fbem-12630	21	16	fdi	fdi	NOUN
fbem-12630	21	17	market	market	NOUN
fbem-12630	21	18	orientation	orientation	NOUN
fbem-12630	21	19	;	;	PUNCT
fbem-12630	21	20	appreciation	appreciation	NOUN
fbem-12630	21	21	expands	expand	VERB
fbem-12630	21	22	host	host	NOUN
fbem-12630	21	23	markets	market	NOUN
fbem-12630	21	24	and	and	CCONJ
fbem-12630	21	25	fdi	fdi	NOUN
fbem-12630	21	26	if	if	SCONJ
fbem-12630	21	27	aimed	aim	VERB
fbem-12630	21	28	at	at	ADP
fbem-12630	21	29	host	host	NOUN
fbem-12630	21	30	markets	market	NOUN
fbem-12630	21	31	.	.	PUNCT
fbem-12630	22	1	blonigen	blonigen	NOUN
fbem-12630	22	2	(	(	PUNCT
fbem-12630	22	3	1997	1997	NUM
fbem-12630	22	4	)	)	PUNCT
fbem-12630	22	5	noted	note	VERB
fbem-12630	22	6	overseas	overseas	ADJ
fbem-12630	22	7	firm	firm	ADJ
fbem-12630	22	8	-	-	PUNCT
fbem-12630	22	9	specific	specific	ADJ
fbem-12630	22	10	assets	asset	NOUN
fbem-12630	22	11	like	like	ADP
fbem-12630	22	12	patents	patent	NOUN
fbem-12630	22	13	are	be	AUX
fbem-12630	22	14	generally	generally	ADV
fbem-12630	22	15	acquired	acquire	VERB
fbem-12630	22	16	through	through	ADP
fbem-12630	22	17	m&a	m&a	PROPN
fbem-12630	22	18	.	.	PUNCT
fbem-12630	23	1	host	host	NOUN
fbem-12630	23	2	devaluation	devaluation	NOUN
fbem-12630	23	3	means	mean	VERB
fbem-12630	23	4	foreign	foreign	ADJ
fbem-12630	23	5	acquirers	acquirer	NOUN
fbem-12630	23	6	are	be	AUX
fbem-12630	23	7	better	well	ADV
fbem-12630	23	8	positioned	position	VERB
fbem-12630	23	9	for	for	ADP
fbem-12630	23	10	m&a	m&a	PROPN
fbem-12630	23	11	,	,	PUNCT
fbem-12630	23	12	promoting	promote	VERB
fbem-12630	23	13	asset	asset	NOUN
fbem-12630	23	14	-	-	PUNCT
fbem-12630	23	15	seeking	seek	VERB
fbem-12630	23	16	fdi	fdi	NOUN
fbem-12630	23	17	,	,	PUNCT
fbem-12630	23	18	especially	especially	ADV
fbem-12630	23	19	m&as	m&as	PROPN
fbem-12630	23	20	,	,	PUNCT
fbem-12630	23	21	which	which	PRON
fbem-12630	23	22	empirical	empirical	ADJ
fbem-12630	23	23	studies	study	NOUN
fbem-12630	23	24	largely	largely	ADV
fbem-12630	23	25	confirm	confirm	VERB
fbem-12630	23	26	.	.	PUNCT
fbem-12630	24	1	home	home	NOUN
fbem-12630	24	2	currency	currency	NOUN
fbem-12630	24	3	appreciation	appreciation	NOUN
fbem-12630	24	4	facilitates	facilitate	VERB
fbem-12630	24	5	ofdi	ofdi	PRON
fbem-12630	24	6	.	.	PUNCT
fbem-12630	25	1	beyond	beyond	ADP
fbem-12630	25	2	levels	level	NOUN
fbem-12630	25	3	,	,	PUNCT
fbem-12630	25	4	volatility	volatility	NOUN
fbem-12630	25	5	also	also	ADV
fbem-12630	25	6	impacts	impact	VERB
fbem-12630	25	7	fdi	fdi	NOUN
fbem-12630	25	8	by	by	ADP
fbem-12630	25	9	indicating	indicate	VERB
fbem-12630	25	10	financial	financial	ADJ
fbem-12630	25	11	risks	risk	NOUN
fbem-12630	25	12	to	to	ADP
fbem-12630	25	13	risk	risk	NOUN
fbem-12630	25	14	-	-	PUNCT
fbem-12630	25	15	averse	averse	ADJ
fbem-12630	25	16	investors	investor	NOUN
fbem-12630	25	17	.	.	PUNCT
fbem-12630	26	1	high	high	ADJ
fbem-12630	26	2	or	or	CCONJ
fbem-12630	26	3	volatile	volatile	ADJ
fbem-12630	26	4	host	host	NOUN
fbem-12630	26	5	rates	rate	NOUN
fbem-12630	26	6	are	be	AUX
fbem-12630	26	7	seen	see	VERB
fbem-12630	26	8	as	as	ADP
fbem-12630	26	9	detrimental	detrimental	ADJ
fbem-12630	26	10	by	by	ADP
fbem-12630	26	11	complicating	complicate	VERB
fbem-12630	26	12	information	information	NOUN
fbem-12630	26	13	collection	collection	NOUN
fbem-12630	26	14	and	and	CCONJ
fbem-12630	26	15	increasing	increase	VERB
fbem-12630	26	16	uncertainty	uncertainty	NOUN
fbem-12630	26	17	,	,	PUNCT
fbem-12630	26	18	leading	leading	ADJ
fbem-12630	26	19	firms	firm	NOUN
fbem-12630	26	20	to	to	PART
fbem-12630	26	21	wait	wait	VERB
fbem-12630	26	22	rather	rather	ADV
fbem-12630	26	23	than	than	ADP
fbem-12630	26	24	invest	invest	VERB
fbem-12630	26	25	immediately	immediately	ADV
fbem-12630	26	26	.	.	PUNCT
fbem-12630	27	1	however	however	ADV
fbem-12630	27	2	,	,	PUNCT
fbem-12630	27	3	viewing	view	VERB
fbem-12630	27	4	trade	trade	NOUN
fbem-12630	27	5	and	and	CCONJ
fbem-12630	27	6	fdi	fdi	NOUN
fbem-12630	27	7	as	as	ADP
fbem-12630	27	8	substitutes	substitute	NOUN
fbem-12630	27	9	,	,	PUNCT
fbem-12630	27	10	volatility	volatility	NOUN
fbem-12630	27	11	may	may	AUX
fbem-12630	27	12	increase	increase	VERB
fbem-12630	27	13	fdi	fdi	NOUN
fbem-12630	27	14	to	to	PART
fbem-12630	27	15	avoid	avoid	VERB
fbem-12630	27	16	currency	currency	NOUN
fbem-12630	27	17	risks	risk	NOUN
fbem-12630	27	18	in	in	ADP
fbem-12630	27	19	trade	trade	NOUN
fbem-12630	27	20	.	.	PUNCT
fbem-12630	28	1	cushman	cushman	PROPN
fbem-12630	28	2	found	find	VERB
fbem-12630	28	3	positive	positive	ADJ
fbem-12630	28	4	correlation	correlation	NOUN
fbem-12630	28	5	between	between	ADP
fbem-12630	28	6	us	we	PRON
fbem-12630	28	7	ofdi	ofdi	NOUN
fbem-12630	28	8	and	and	CCONJ
fbem-12630	28	9	volatility	volatility	NOUN
fbem-12630	28	10	,	,	PUNCT
fbem-12630	28	11	since	since	SCONJ
fbem-12630	28	12	local	local	ADJ
fbem-12630	28	13	production	production	NOUN
fbem-12630	28	14	via	via	ADP
fbem-12630	28	15	fdi	fdi	NOUN
fbem-12630	28	16	reduces	reduce	VERB
fbem-12630	28	17	currency	currency	NOUN
fbem-12630	28	18	risks	risk	NOUN
fbem-12630	28	19	compared	compare	VERB
fbem-12630	28	20	to	to	ADP
fbem-12630	28	21	exports	export	NOUN
fbem-12630	28	22	.	.	PUNCT
fbem-12630	29	1	real	real	ADJ
fbem-12630	29	2	options	option	NOUN
fbem-12630	29	3	theory	theory	NOUN
fbem-12630	29	4	also	also	ADV
fbem-12630	29	5	sees	see	VERB
fbem-12630	29	6	fdi	fdi	NOUN
fbem-12630	29	7	as	as	ADP
fbem-12630	29	8	a	a	DET
fbem-12630	29	9	currency	currency	NOUN
fbem-12630	29	10	risk	risk	NOUN
fbem-12630	29	11	hedge	hedge	NOUN
fbem-12630	29	12	,	,	PUNCT
fbem-12630	29	13	with	with	ADP
fbem-12630	29	14	higher	high	ADJ
fbem-12630	29	15	volatility	volatility	NOUN
fbem-12630	29	16	providing	provide	VERB
fbem-12630	29	17	greater	great	ADJ
fbem-12630	29	18	incentive	incentive	NOUN
fbem-12630	29	19	to	to	PART
fbem-12630	29	20	invest	invest	VERB
fbem-12630	29	21	abroad	abroad	ADV
fbem-12630	29	22	.	.	PUNCT
fbem-12630	30	1	for	for	ADP
fbem-12630	30	2	microevidence	microevidence	NOUN
fbem-12630	30	3	,	,	PUNCT
fbem-12630	30	4	tian	tian	PROPN
fbem-12630	30	5	and	and	CCONJ
fbem-12630	30	6	yu	yu	PROPN
fbem-12630	30	7	(	(	PUNCT
fbem-12630	30	8	2017	2017	NUM
fbem-12630	30	9	)	)	PUNCT
fbem-12630	30	10	examined	examine	VERB
fbem-12630	30	11	rmb	rmb	NOUN
fbem-12630	30	12	impact	impact	NOUN
fbem-12630	30	13	and	and	CCONJ
fbem-12630	30	14	mechanisms	mechanism	NOUN
fbem-12630	30	15	on	on	ADP
fbem-12630	30	16	heterogeneous	heterogeneous	ADJ
fbem-12630	30	17	exporting	export	VERB
fbem-12630	30	18	firms	firm	NOUN
fbem-12630	30	19	'	'	PART
fbem-12630	30	20	ofdi	ofdi	NOUN
fbem-12630	30	21	,	,	PUNCT
fbem-12630	30	22	specifically	specifically	ADV
fbem-12630	30	23	“	"	PUNCT
fbem-12630	30	24	export	export	NOUN
fbem-12630	30	25	spillover	spillover	NOUN
fbem-12630	30	26	”	"	PUNCT
fbem-12630	30	27	effects	effect	NOUN
fbem-12630	30	28	on	on	ADP
fbem-12630	30	29	tradeservicing	tradeservice	VERB
fbem-12630	30	30	fdi	fdi	PROPN
fbem-12630	30	31	.	.	PUNCT
fbem-12630	31	1	shen	shen	PROPN
fbem-12630	31	2	et	et	PROPN
fbem-12630	31	3	al	al	PROPN
fbem-12630	31	4	.	.	PROPN
fbem-12630	32	1	(	(	PUNCT
fbem-12630	32	2	2018	2018	NUM
fbem-12630	32	3	)	)	PUNCT
fbem-12630	32	4	looked	look	VERB
fbem-12630	32	5	at	at	ADP
fbem-12630	32	6	rmb	rmb	NOUN
fbem-12630	32	7	impact	impact	NOUN
fbem-12630	32	8	on	on	ADP
fbem-12630	32	9	manufacturing	manufacture	VERB
fbem-12630	32	10	firm	firm	ADJ
fbem-12630	32	11	performance	performance	NOUN
fbem-12630	32	12	via	via	ADP
fbem-12630	32	13	export	export	NOUN
fbem-12630	32	14	revenues	revenue	NOUN
fbem-12630	32	15	,	,	PUNCT
fbem-12630	32	16	import	import	NOUN
fbem-12630	32	17	costs	cost	NOUN
fbem-12630	32	18	,	,	PUNCT
fbem-12630	32	19	and	and	CCONJ
fbem-12630	32	20	import	import	NOUN
fbem-12630	32	21	competition	competition	NOUN
fbem-12630	32	22	after	after	ADP
fbem-12630	32	23	computing	compute	VERB
fbem-12630	32	24	industry	industry	NOUN
fbem-12630	32	25	-	-	PUNCT
fbem-12630	32	26	level	level	NOUN
fbem-12630	32	27	real	real	ADJ
fbem-12630	32	28	effective	effective	ADJ
fbem-12630	32	29	exchange	exchange	NOUN
fbem-12630	32	30	rates	rate	NOUN
fbem-12630	32	31	.	.	PUNCT
fbem-12630	33	1	appreciation	appreciation	NOUN
fbem-12630	33	2	hurt	hurt	NOUN
fbem-12630	33	3	performance	performance	NOUN
fbem-12630	33	4	by	by	ADP
fbem-12630	33	5	raising	raise	VERB
fbem-12630	33	6	export	export	NOUN
fbem-12630	33	7	prices	price	NOUN
fbem-12630	33	8	in	in	ADP
fbem-12630	33	9	foreign	foreign	ADJ
fbem-12630	33	10	currency	currency	NOUN
fbem-12630	33	11	,	,	PUNCT
fbem-12630	33	12	but	but	CCONJ
fbem-12630	33	13	helped	help	VERB
fbem-12630	33	14	by	by	ADP
fbem-12630	33	15	reducing	reduce	VERB
fbem-12630	33	16	import	import	NOUN
fbem-12630	33	17	costs	cost	NOUN
fbem-12630	33	18	;	;	PUNCT
fbem-12630	33	19	it	it	PRON
fbem-12630	33	20	also	also	ADV
fbem-12630	33	21	intensified	intensify	VERB
fbem-12630	33	22	competition	competition	NOUN
fbem-12630	33	23	from	from	ADP
fbem-12630	33	24	cheaper	cheap	ADJ
fbem-12630	33	25	imports	import	NOUN
fbem-12630	33	26	.	.	PUNCT
fbem-12630	34	1	beyond	beyond	ADP
fbem-12630	34	2	levels	level	NOUN
fbem-12630	34	3	and	and	CCONJ
fbem-12630	34	4	volatility	volatility	NOUN
fbem-12630	34	5	,	,	PUNCT
fbem-12630	34	6	exchange	exchange	NOUN
fbem-12630	34	7	rate	rate	NOUN
fbem-12630	34	8	expectations	expectation	NOUN
fbem-12630	34	9	also	also	ADV
fbem-12630	34	10	significantly	significantly	ADV
fbem-12630	34	11	influence	influence	VERB
fbem-12630	34	12	fdi	fdi	PROPN
fbem-12630	34	13	.	.	PUNCT
fbem-12630	35	1	mcculloch	mcculloch	PROPN
fbem-12630	35	2	argued	argue	VERB
fbem-12630	35	3	random	random	ADJ
fbem-12630	35	4	walk	walk	NOUN
fbem-12630	35	5	exchange	exchange	NOUN
fbem-12630	35	6	rates	rate	NOUN
fbem-12630	35	7	have	have	VERB
fbem-12630	35	8	no	no	DET
fbem-12630	35	9	fdi	fdi	NOUN
fbem-12630	35	10	impact	impact	NOUN
fbem-12630	35	11	,	,	PUNCT
fbem-12630	35	12	since	since	SCONJ
fbem-12630	35	13	expected	expect	VERB
fbem-12630	35	14	future	future	ADJ
fbem-12630	35	15	rates	rate	NOUN
fbem-12630	35	16	equal	equal	ADJ
fbem-12630	35	17	current	current	ADJ
fbem-12630	35	18	rates	rate	NOUN
fbem-12630	35	19	,	,	PUNCT
fbem-12630	35	20	leaving	leave	VERB
fbem-12630	35	21	discounted	discount	VERB
fbem-12630	35	22	investment	investment	NOUN
fbem-12630	35	23	value	value	NOUN
fbem-12630	35	24	unchanged	unchanged	ADJ
fbem-12630	35	25	.	.	PUNCT
fbem-12630	36	1	however	however	ADV
fbem-12630	36	2	,	,	PUNCT
fbem-12630	36	3	chakrabarti	chakrabarti	PROPN
fbem-12630	36	4	and	and	CCONJ
fbem-12630	36	5	scholnick	scholnick	ADJ
fbem-12630	36	6	proposed	propose	VERB
fbem-12630	36	7	mean	mean	PROPN
fbem-12630	36	8	reversion	reversion	NOUN
fbem-12630	36	9	means	mean	VERB
fbem-12630	36	10	devaluation	devaluation	NOUN
fbem-12630	36	11	raises	raise	VERB
fbem-12630	36	12	appreciation	appreciation	NOUN
fbem-12630	36	13	expectations	expectation	NOUN
fbem-12630	36	14	,	,	PUNCT
fbem-12630	36	15	attracting	attract	VERB
fbem-12630	36	16	investment	investment	NOUN
fbem-12630	36	17	,	,	PUNCT
fbem-12630	36	18	while	while	SCONJ
fbem-12630	36	19	appreciation	appreciation	NOUN
fbem-12630	36	20	delays	delay	NOUN
fbem-12630	36	21	investment	investment	NOUN
fbem-12630	36	22	pending	pende	VERB
fbem-12630	36	23	323	323	NUM
fbem-12630	36	24	expected	expect	VERB
fbem-12630	36	25	devaluation	devaluation	NOUN
fbem-12630	36	26	.	.	PUNCT
fbem-12630	37	1	in	in	ADP
fbem-12630	37	2	summary	summary	NOUN
fbem-12630	37	3	,	,	PUNCT
fbem-12630	37	4	despite	despite	SCONJ
fbem-12630	37	5	theoretical	theoretical	ADJ
fbem-12630	37	6	analysis	analysis	NOUN
fbem-12630	37	7	and	and	CCONJ
fbem-12630	37	8	data	datum	NOUN
fbem-12630	37	9	evidence	evidence	NOUN
fbem-12630	37	10	of	of	ADP
fbem-12630	37	11	exchange	exchange	NOUN
fbem-12630	37	12	rates	rate	NOUN
fbem-12630	37	13	'	'	PART
fbem-12630	37	14	ofdi	ofdi	NOUN
fbem-12630	37	15	impacts	impact	NOUN
fbem-12630	37	16	for	for	ADP
fbem-12630	37	17	various	various	ADJ
fbem-12630	37	18	countries	country	NOUN
fbem-12630	37	19	,	,	PUNCT
fbem-12630	37	20	research	research	NOUN
fbem-12630	37	21	is	be	AUX
fbem-12630	37	22	still	still	ADV
fbem-12630	37	23	lacking	lack	VERB
fbem-12630	37	24	on	on	ADP
fbem-12630	37	25	impacts	impact	NOUN
fbem-12630	37	26	in	in	ADP
fbem-12630	37	27	the	the	DET
fbem-12630	37	28	current	current	ADJ
fbem-12630	37	29	era	era	NOUN
fbem-12630	37	30	of	of	ADP
fbem-12630	37	31	great	great	ADJ
fbem-12630	37	32	changes	change	NOUN
fbem-12630	37	33	and	and	CCONJ
fbem-12630	37	34	the	the	DET
fbem-12630	37	35	post	post	ADJ
fbem-12630	37	36	-	-	ADJ
fbem-12630	37	37	pandemic	pandemic	ADJ
fbem-12630	37	38	world	world	NOUN
fbem-12630	37	39	.	.	PUNCT
fbem-12630	38	1	as	as	ADP
fbem-12630	38	2	internationalization	internationalization	NOUN
fbem-12630	38	3	modes	mode	NOUN
fbem-12630	38	4	,	,	PUNCT
fbem-12630	38	5	trade	trade	NOUN
fbem-12630	38	6	and	and	CCONJ
fbem-12630	38	7	fdi	fdi	NOUN
fbem-12630	38	8	interact	interact	NOUN
fbem-12630	38	9	,	,	PUNCT
fbem-12630	38	10	either	either	CCONJ
fbem-12630	38	11	substituting	substitute	VERB
fbem-12630	38	12	,	,	PUNCT
fbem-12630	38	13	complementing	complementing	NOUN
fbem-12630	38	14	,	,	PUNCT
fbem-12630	38	15	or	or	CCONJ
fbem-12630	38	16	promoting	promote	VERB
fbem-12630	38	17	depending	depend	VERB
fbem-12630	38	18	on	on	ADP
fbem-12630	38	19	conditions	condition	NOUN
fbem-12630	38	20	.	.	PUNCT
fbem-12630	39	1	my	my	PRON
fbem-12630	39	2	research	research	NOUN
fbem-12630	39	3	on	on	ADP
fbem-12630	39	4	real	real	ADJ
fbem-12630	39	5	exchange	exchange	NOUN
fbem-12630	39	6	rates	rate	NOUN
fbem-12630	39	7	and	and	CCONJ
fbem-12630	39	8	ofdi	ofdi	PRON
fbem-12630	39	9	empirically	empirically	ADV
fbem-12630	39	10	tests	test	VERB
fbem-12630	39	11	a	a	DET
fbem-12630	39	12	theoretical	theoretical	ADJ
fbem-12630	39	13	model	model	NOUN
fbem-12630	39	14	to	to	PART
fbem-12630	39	15	provide	provide	VERB
fbem-12630	39	16	richer	rich	ADJ
fbem-12630	39	17	,	,	PUNCT
fbem-12630	39	18	more	more	ADV
fbem-12630	39	19	scientific	scientific	ADJ
fbem-12630	39	20	conclusions	conclusion	NOUN
fbem-12630	39	21	and	and	CCONJ
fbem-12630	39	22	inform	inform	VERB
fbem-12630	39	23	china	china	PROPN
fbem-12630	39	24	's	's	PART
fbem-12630	39	25	ofdi	ofdi	NOUN
fbem-12630	39	26	strategies	strategy	NOUN
fbem-12630	39	27	including	include	VERB
fbem-12630	39	28	the	the	DET
fbem-12630	39	29	belt	belt	NOUN
fbem-12630	39	30	and	and	CCONJ
fbem-12630	39	31	road	road	NOUN
fbem-12630	39	32	initiative	initiative	NOUN
fbem-12630	39	33	and	and	CCONJ
fbem-12630	39	34	rmb	rmb	NOUN
fbem-12630	39	35	internationalization	internationalization	NOUN
fbem-12630	39	36	.	.	PUNCT
fbem-12630	40	1	2	2	X
fbem-12630	40	2	.	.	X
fbem-12630	40	3	literature	literature	NOUN
fbem-12630	40	4	review	review	PROPN
fbem-12630	40	5	since	since	SCONJ
fbem-12630	40	6	the	the	DET
fbem-12630	40	7	mid	mid	ADJ
fbem-12630	40	8	-	-	ADJ
fbem-12630	40	9	late	late	ADJ
fbem-12630	40	10	20th	20th	ADJ
fbem-12630	40	11	century	century	NOUN
fbem-12630	40	12	,	,	PUNCT
fbem-12630	40	13	cross	cross	ADJ
fbem-12630	40	14	-	-	ADJ
fbem-12630	40	15	border	border	ADJ
fbem-12630	40	16	direct	direct	ADJ
fbem-12630	40	17	investment	investment	NOUN
fbem-12630	40	18	has	have	AUX
fbem-12630	40	19	become	become	VERB
fbem-12630	40	20	a	a	DET
fbem-12630	40	21	major	major	ADJ
fbem-12630	40	22	driver	driver	NOUN
fbem-12630	40	23	of	of	ADP
fbem-12630	40	24	world	world	NOUN
fbem-12630	40	25	economic	economic	ADJ
fbem-12630	40	26	growth	growth	NOUN
fbem-12630	40	27	.	.	PUNCT
fbem-12630	41	1	consequently	consequently	ADV
fbem-12630	41	2	,	,	PUNCT
fbem-12630	41	3	research	research	NOUN
fbem-12630	41	4	has	have	AUX
fbem-12630	41	5	emerged	emerge	VERB
fbem-12630	41	6	on	on	ADP
fbem-12630	41	7	mnes	mne	NOUN
fbem-12630	41	8	'	'	PART
fbem-12630	41	9	ofdi	ofdi	NOUN
fbem-12630	41	10	motivations	motivation	NOUN
fbem-12630	41	11	,	,	PUNCT
fbem-12630	41	12	types	type	NOUN
fbem-12630	41	13	,	,	PUNCT
fbem-12630	41	14	entry	entry	NOUN
fbem-12630	41	15	modes	mode	NOUN
fbem-12630	41	16	,	,	PUNCT
fbem-12630	41	17	operations	operation	NOUN
fbem-12630	41	18	,	,	PUNCT
fbem-12630	41	19	performance	performance	NOUN
fbem-12630	41	20	,	,	PUNCT
fbem-12630	41	21	risks	risk	NOUN
fbem-12630	41	22	,	,	PUNCT
fbem-12630	41	23	etc	etc	X
fbem-12630	41	24	.	.	X
fbem-12630	41	25	,	,	PUNCT
fbem-12630	41	26	forming	form	VERB
fbem-12630	41	27	related	related	ADJ
fbem-12630	41	28	theories	theory	NOUN
fbem-12630	41	29	.	.	PUNCT
fbem-12630	42	1	early	early	ADJ
fbem-12630	42	2	ofdi	ofdi	NOUN
fbem-12630	42	3	risk	risk	NOUN
fbem-12630	42	4	research	research	NOUN
fbem-12630	42	5	focused	focus	VERB
fbem-12630	42	6	on	on	ADP
fbem-12630	42	7	qualitative	qualitative	ADJ
fbem-12630	42	8	analysis	analysis	NOUN
fbem-12630	42	9	of	of	ADP
fbem-12630	42	10	risk	risk	NOUN
fbem-12630	42	11	types	type	NOUN
fbem-12630	42	12	,	,	PUNCT
fbem-12630	42	13	sources	source	NOUN
fbem-12630	42	14	,	,	PUNCT
fbem-12630	42	15	and	and	CCONJ
fbem-12630	42	16	influencing	influence	VERB
fbem-12630	42	17	factors	factor	NOUN
fbem-12630	42	18	.	.	PUNCT
fbem-12630	43	1	with	with	ADP
fbem-12630	43	2	econometrics	econometrics	NOUN
fbem-12630	43	3	advancements	advancement	NOUN
fbem-12630	43	4	,	,	PUNCT
fbem-12630	43	5	quantitative	quantitative	ADJ
fbem-12630	43	6	studies	study	NOUN
fbem-12630	43	7	proliferated	proliferate	VERB
fbem-12630	43	8	,	,	PUNCT
fbem-12630	43	9	empirically	empirically	ADV
fbem-12630	43	10	testing	test	VERB
fbem-12630	43	11	ofdi	ofdi	NOUN
fbem-12630	43	12	risk	risk	NOUN
fbem-12630	43	13	factors	factor	NOUN
fbem-12630	43	14	using	use	VERB
fbem-12630	43	15	countries	country	NOUN
fbem-12630	43	16	'	'	PART
fbem-12630	43	17	ofdi	ofdi	NOUN
fbem-12630	43	18	data	datum	NOUN
fbem-12630	43	19	.	.	PUNCT
fbem-12630	44	1	existing	exist	VERB
fbem-12630	44	2	references	reference	NOUN
fbem-12630	44	3	have	have	AUX
fbem-12630	44	4	extensively	extensively	ADV
fbem-12630	44	5	studied	study	VERB
fbem-12630	44	6	ofdi	ofdi	NOUN
fbem-12630	44	7	influencing	influence	VERB
fbem-12630	44	8	factors	factor	NOUN
fbem-12630	44	9	.	.	PUNCT
fbem-12630	45	1	zhang	zhang	PROPN
fbem-12630	45	2	weifu	weifu	PROPN
fbem-12630	45	3	(	(	PUNCT
fbem-12630	45	4	2008	2008	NUM
fbem-12630	45	5	)	)	PUNCT
fbem-12630	45	6	analyzed	analyze	VERB
fbem-12630	45	7	forces	force	NOUN
fbem-12630	45	8	influencing	influence	VERB
fbem-12630	45	9	china	china	PROPN
fbem-12630	45	10	's	's	PART
fbem-12630	45	11	ofdi	ofdi	NOUN
fbem-12630	45	12	theoretically	theoretically	ADV
fbem-12630	45	13	internal	internal	ADJ
fbem-12630	45	14	forces	force	NOUN
fbem-12630	45	15	within	within	ADP
fbem-12630	45	16	investing	investing	NOUN
fbem-12630	45	17	firms	firm	NOUN
fbem-12630	45	18	,	,	PUNCT
fbem-12630	45	19	external	external	ADJ
fbem-12630	45	20	forces	force	NOUN
fbem-12630	45	21	in	in	ADP
fbem-12630	45	22	host	host	NOUN
fbem-12630	45	23	countries	country	NOUN
fbem-12630	45	24	,	,	PUNCT
fbem-12630	45	25	and	and	CCONJ
fbem-12630	45	26	external	external	ADJ
fbem-12630	45	27	support	support	NOUN
fbem-12630	45	28	environments	environment	NOUN
fbem-12630	45	29	for	for	ADP
fbem-12630	45	30	integrated	integrate	VERB
fbem-12630	45	31	international	international	ADJ
fbem-12630	45	32	production	production	NOUN
fbem-12630	45	33	.	.	PUNCT
fbem-12630	46	1	he	he	PRON
fbem-12630	46	2	argued	argue	VERB
fbem-12630	46	3	mnes	mne	NOUN
fbem-12630	46	4	only	only	ADV
fbem-12630	46	5	shift	shift	VERB
fbem-12630	46	6	from	from	ADP
fbem-12630	46	7	trade	trade	NOUN
fbem-12630	46	8	to	to	ADP
fbem-12630	46	9	integrated	integrate	VERB
fbem-12630	46	10	international	international	ADJ
fbem-12630	46	11	production	production	NOUN
fbem-12630	46	12	when	when	SCONJ
fbem-12630	46	13	internal	internal	ADJ
fbem-12630	46	14	forces	force	NOUN
fbem-12630	46	15	,	,	PUNCT
fbem-12630	46	16	host	host	NOUN
fbem-12630	46	17	country	country	NOUN
fbem-12630	46	18	attraction	attraction	NOUN
fbem-12630	46	19	,	,	PUNCT
fbem-12630	46	20	and	and	CCONJ
fbem-12630	46	21	international	international	ADJ
fbem-12630	46	22	support	support	NOUN
fbem-12630	46	23	reach	reach	VERB
fbem-12630	46	24	certain	certain	ADJ
fbem-12630	46	25	levels	level	NOUN
fbem-12630	46	26	,	,	PUNCT
fbem-12630	46	27	i.e.	i.e.	X
fbem-12630	46	28	firms	firm	NOUN
fbem-12630	46	29	only	only	ADV
fbem-12630	46	30	switch	switch	VERB
fbem-12630	46	31	from	from	ADP
fbem-12630	46	32	trade	trade	NOUN
fbem-12630	46	33	to	to	ADP
fbem-12630	46	34	ofdi	ofdi	NOUN
fbem-12630	46	35	given	give	VERB
fbem-12630	46	36	these	these	DET
fbem-12630	46	37	conditions	condition	NOUN
fbem-12630	46	38	.	.	PUNCT
fbem-12630	47	1	recent	recent	ADJ
fbem-12630	47	2	rmb	rmb	NOUN
fbem-12630	47	3	volatility	volatility	NOUN
fbem-12630	47	4	means	mean	VERB
fbem-12630	47	5	appropriately	appropriately	ADV
fbem-12630	47	6	understanding	understand	VERB
fbem-12630	47	7	currency	currency	NOUN
fbem-12630	47	8	risks	risk	NOUN
fbem-12630	47	9	facing	face	VERB
fbem-12630	47	10	china	china	PROPN
fbem-12630	47	11	's	's	PART
fbem-12630	47	12	mnes	mne	NOUN
fbem-12630	47	13	and	and	CCONJ
fbem-12630	47	14	effectively	effectively	ADV
fbem-12630	47	15	safeguarding	safeguard	VERB
fbem-12630	47	16	against	against	ADP
fbem-12630	47	17	ofdi	ofdi	NOUN
fbem-12630	47	18	crises	crisis	NOUN
fbem-12630	47	19	is	be	AUX
fbem-12630	47	20	crucial	crucial	ADJ
fbem-12630	47	21	,	,	PUNCT
fbem-12630	47	22	aligning	align	VERB
fbem-12630	47	23	with	with	ADP
fbem-12630	47	24	china	china	PROPN
fbem-12630	47	25	's	's	PART
fbem-12630	47	26	goals	goal	NOUN
fbem-12630	47	27	of	of	ADP
fbem-12630	47	28	high	high	ADJ
fbem-12630	47	29	-	-	PUNCT
fbem-12630	47	30	quality	quality	NOUN
fbem-12630	47	31	trade	trade	NOUN
fbem-12630	47	32	development	development	NOUN
fbem-12630	47	33	in	in	ADP
fbem-12630	47	34	the	the	DET
fbem-12630	47	35	14th	14th	ADJ
fbem-12630	47	36	five	five	NUM
fbem-12630	47	37	-	-	PUNCT
fbem-12630	47	38	year	year	NOUN
fbem-12630	47	39	plan	plan	NOUN
fbem-12630	47	40	at	at	ADP
fbem-12630	47	41	the	the	DET
fbem-12630	47	42	macrolevel	macrolevel	NOUN
fbem-12630	47	43	,	,	PUNCT
fbem-12630	47	44	and	and	CCONJ
fbem-12630	47	45	enabling	enable	VERB
fbem-12630	47	46	mnes	mne	NOUN
fbem-12630	47	47	'	'	PART
fbem-12630	47	48	sustainable	sustainable	ADJ
fbem-12630	47	49	operations	operation	NOUN
fbem-12630	47	50	or	or	CCONJ
fbem-12630	47	51	survival	survival	NOUN
fbem-12630	47	52	despite	despite	SCONJ
fbem-12630	47	53	volatility	volatility	NOUN
fbem-12630	47	54	at	at	ADP
fbem-12630	47	55	the	the	DET
fbem-12630	47	56	microlevel	microlevel	NOUN
fbem-12630	47	57	.	.	PUNCT
fbem-12630	48	1	this	this	PRON
fbem-12630	48	2	has	have	VERB
fbem-12630	48	3	important	important	ADJ
fbem-12630	48	4	practical	practical	ADJ
fbem-12630	48	5	significance	significance	NOUN
fbem-12630	48	6	for	for	ADP
fbem-12630	48	7	steady	steady	ADJ
fbem-12630	48	8	economic	economic	ADJ
fbem-12630	48	9	development	development	NOUN
fbem-12630	48	10	and	and	CCONJ
fbem-12630	48	11	enhancing	enhance	VERB
fbem-12630	48	12	enterprise	enterprise	NOUN
fbem-12630	48	13	competitiveness	competitiveness	NOUN
fbem-12630	48	14	.	.	PUNCT
fbem-12630	49	1	this	this	DET
fbem-12630	49	2	paper	paper	NOUN
fbem-12630	49	3	will	will	AUX
fbem-12630	49	4	draw	draw	VERB
fbem-12630	49	5	on	on	ADP
fbem-12630	49	6	developed	developed	ADJ
fbem-12630	49	7	and	and	CCONJ
fbem-12630	49	8	developing	develop	VERB
fbem-12630	49	9	countries	country	NOUN
fbem-12630	49	10	'	'	PART
fbem-12630	49	11	ofdi	ofdi	NOUN
fbem-12630	49	12	research	research	NOUN
fbem-12630	49	13	frameworks	framework	NOUN
fbem-12630	49	14	,	,	PUNCT
fbem-12630	49	15	referencing	reference	VERB
fbem-12630	49	16	theories	theory	NOUN
fbem-12630	49	17	of	of	ADP
fbem-12630	49	18	internal	internal	ADJ
fbem-12630	49	19	forces	force	NOUN
fbem-12630	49	20	,	,	PUNCT
fbem-12630	49	21	external	external	ADJ
fbem-12630	49	22	attraction	attraction	NOUN
fbem-12630	49	23	,	,	PUNCT
fbem-12630	49	24	and	and	CCONJ
fbem-12630	49	25	environmental	environmental	ADJ
fbem-12630	49	26	support	support	NOUN
fbem-12630	49	27	for	for	ADP
fbem-12630	49	28	china	china	PROPN
fbem-12630	49	29	's	's	PART
fbem-12630	49	30	ofdi	ofdi	PROPN
fbem-12630	49	31	(	(	PUNCT
fbem-12630	49	32	zhang	zhang	PROPN
fbem-12630	49	33	,	,	PUNCT
fbem-12630	49	34	2008	2008	NUM
fbem-12630	49	35	)	)	PUNCT
fbem-12630	49	36	to	to	PART
fbem-12630	49	37	discuss	discuss	VERB
fbem-12630	49	38	real	real	ADJ
fbem-12630	49	39	exchange	exchange	NOUN
fbem-12630	49	40	rate	rate	NOUN
fbem-12630	49	41	ofdi	ofdi	NOUN
fbem-12630	49	42	impacts	impact	NOUN
fbem-12630	49	43	through	through	ADP
fbem-12630	49	44	the	the	DET
fbem-12630	49	45	environmental	environmental	ADJ
fbem-12630	49	46	support	support	NOUN
fbem-12630	49	47	channel	channel	NOUN
fbem-12630	49	48	.	.	PUNCT
fbem-12630	50	1	after	after	ADP
fbem-12630	50	2	constructing	construct	VERB
fbem-12630	50	3	a	a	DET
fbem-12630	50	4	standardized	standardized	ADJ
fbem-12630	50	5	microtheoretical	microtheoretical	ADJ
fbem-12630	50	6	model	model	NOUN
fbem-12630	50	7	and	and	CCONJ
fbem-12630	50	8	deriving	derive	VERB
fbem-12630	50	9	real	real	ADJ
fbem-12630	50	10	exchange	exchange	NOUN
fbem-12630	50	11	rate	rate	NOUN
fbem-12630	50	12	effects	effect	NOUN
fbem-12630	50	13	on	on	ADP
fbem-12630	50	14	ofdi	ofdi	NOUN
fbem-12630	50	15	through	through	ADP
fbem-12630	50	16	export	export	NOUN
fbem-12630	50	17	channels	channel	NOUN
fbem-12630	50	18	under	under	ADP
fbem-12630	50	19	inherent	inherent	ADJ
fbem-12630	50	20	assumptions	assumption	NOUN
fbem-12630	50	21	,	,	PUNCT
fbem-12630	50	22	an	an	DET
fbem-12630	50	23	empirical	empirical	ADJ
fbem-12630	50	24	model	model	NOUN
fbem-12630	50	25	will	will	AUX
fbem-12630	50	26	test	test	VERB
fbem-12630	50	27	these	these	DET
fbem-12630	50	28	hypotheses	hypothesis	NOUN
fbem-12630	50	29	,	,	PUNCT
fbem-12630	50	30	concluding	conclude	VERB
fbem-12630	50	31	with	with	ADP
fbem-12630	50	32	policy	policy	NOUN
fbem-12630	50	33	recommendations	recommendation	NOUN
fbem-12630	50	34	based	base	VERB
fbem-12630	50	35	on	on	ADP
fbem-12630	50	36	the	the	DET
fbem-12630	50	37	theoretical	theoretical	ADJ
fbem-12630	50	38	and	and	CCONJ
fbem-12630	50	39	empirical	empirical	ADJ
fbem-12630	50	40	results	result	NOUN
fbem-12630	50	41	.	.	PUNCT
fbem-12630	51	1	3	3	X
fbem-12630	51	2	.	.	X
fbem-12630	51	3	theoretical	theoretical	ADJ
fbem-12630	51	4	framework	framework	NOUN
fbem-12630	51	5	and	and	CCONJ
fbem-12630	51	6	model	model	NOUN
fbem-12630	51	7	specification	specification	NOUN
fbem-12630	51	8	referencing	reference	VERB
fbem-12630	51	9	helpman	helpman	NOUN
fbem-12630	51	10	et	et	PROPN
fbem-12630	51	11	al	al	PROPN
fbem-12630	51	12	.	.	PROPN
fbem-12630	51	13	(	(	PUNCT
fbem-12630	51	14	2004	2004	NUM
fbem-12630	51	15	)	)	PUNCT
fbem-12630	51	16	,	,	PUNCT
fbem-12630	51	17	tian	tian	PROPN
fbem-12630	51	18	(	(	PUNCT
fbem-12630	51	19	2007	2007	NUM
fbem-12630	51	20	)	)	PUNCT
fbem-12630	51	21	,	,	PUNCT
fbem-12630	51	22	chen	chen	PROPN
fbem-12630	51	23	(	(	PUNCT
fbem-12630	51	24	2020	2020	NUM
fbem-12630	51	25	)	)	PUNCT
fbem-12630	51	26	and	and	CCONJ
fbem-12630	51	27	others	other	NOUN
fbem-12630	51	28	,	,	PUNCT
fbem-12630	51	29	this	this	DET
fbem-12630	51	30	paper	paper	NOUN
fbem-12630	51	31	presents	present	VERB
fbem-12630	51	32	real	real	ADJ
fbem-12630	51	33	exchange	exchange	NOUN
fbem-12630	51	34	rate	rate	NOUN
fbem-12630	51	35	impacts	impact	NOUN
fbem-12630	51	36	on	on	ADP
fbem-12630	51	37	firms	firm	NOUN
fbem-12630	51	38	'	'	PART
fbem-12630	51	39	ofdi	ofdi	NOUN
fbem-12630	51	40	.	.	PUNCT
fbem-12630	52	1	to	to	PART
fbem-12630	52	2	simplify	simplify	VERB
fbem-12630	52	3	the	the	DET
fbem-12630	52	4	model	model	NOUN
fbem-12630	52	5	,	,	PUNCT
fbem-12630	52	6	assume	assume	VERB
fbem-12630	52	7	a	a	DET
fbem-12630	52	8	firm	firm	NOUN
fbem-12630	52	9	only	only	ADV
fbem-12630	52	10	produces	produce	VERB
fbem-12630	52	11	one	one	NUM
fbem-12630	52	12	product	product	NOUN
fbem-12630	52	13	,	,	PUNCT
fbem-12630	52	14	with	with	ADP
fbem-12630	52	15	labor	labor	NOUN
fbem-12630	52	16	as	as	ADP
fbem-12630	52	17	the	the	DET
fbem-12630	52	18	sole	sole	ADJ
fbem-12630	52	19	production	production	NOUN
fbem-12630	52	20	input	input	NOUN
fbem-12630	52	21	.	.	PUNCT
fbem-12630	53	1	let	let	VERB
fbem-12630	53	2	the	the	DET
fbem-12630	53	3	firm	firm	NOUN
fbem-12630	53	4	's	's	PART
fbem-12630	53	5	productivity	productivity	NOUN
fbem-12630	53	6	be	be	AUX
fbem-12630	53	7	φ	φ	NUM
fbem-12630	53	8	so	so	ADV
fbem-12630	53	9	1	1	NUM
fbem-12630	53	10	/	/	SYM
fbem-12630	53	11	φ	φ	PROPN
fbem-12630	53	12	is	be	AUX
fbem-12630	53	13	the	the	DET
fbem-12630	53	14	labor	labor	NOUN
fbem-12630	53	15	required	require	VERB
fbem-12630	53	16	per	per	ADP
fbem-12630	53	17	unit	unit	NOUN
fbem-12630	53	18	of	of	ADP
fbem-12630	53	19	output	output	NOUN
fbem-12630	53	20	.	.	PUNCT
fbem-12630	54	1	for	for	ADP
fbem-12630	54	2	ofdi	ofdi	PRON
fbem-12630	54	3	from	from	ADP
fbem-12630	54	4	home	home	NOUN
fbem-12630	54	5	country	country	NOUN
fbem-12630	54	6	i	i	PRON
fbem-12630	54	7	to	to	PART
fbem-12630	54	8	host	host	VERB
fbem-12630	54	9	j	j	PROPN
fbem-12630	54	10	,	,	PUNCT
fbem-12630	54	11	fixed	fix	VERB
fbem-12630	54	12	costs	cost	NOUN
fbem-12630	54	13	are	be	AUX
fbem-12630	54	14	fofdi	fofdi	ADJ
fbem-12630	54	15	,	,	PUNCT
fbem-12630	54	16	denominated	denominate	VERB
fbem-12630	54	17	in	in	ADP
fbem-12630	54	18	i	i	PROPN
fbem-12630	54	19	's	's	PART
fbem-12630	54	20	labor	labor	NOUN
fbem-12630	54	21	.	.	PUNCT
fbem-12630	55	1	let	let	VERB
fbem-12630	55	2	εij	εij	NOUN
fbem-12630	55	3	be	be	AUX
fbem-12630	55	4	the	the	DET
fbem-12630	55	5	bilateral	bilateral	ADJ
fbem-12630	55	6	nominal	nominal	ADJ
fbem-12630	55	7	exchange	exchange	NOUN
fbem-12630	55	8	rate	rate	NOUN
fbem-12630	55	9	,	,	PUNCT
fbem-12630	55	10	ωi	ωi	NUM
fbem-12630	55	11	country	country	NOUN
fbem-12630	55	12	i	i	PRON
fbem-12630	55	13	's	be	AUX
fbem-12630	55	14	wage	wage	NOUN
fbem-12630	55	15	,	,	PUNCT
fbem-12630	55	16	and	and	CCONJ
fbem-12630	55	17	ωj	ωj	ADP
fbem-12630	55	18	country	country	NOUN
fbem-12630	55	19	j	j	PROPN
fbem-12630	55	20	's	's	PART
fbem-12630	55	21	wage	wage	NOUN
fbem-12630	55	22	.	.	PUNCT
fbem-12630	56	1	the	the	DET
fbem-12630	56	2	real	real	ADJ
fbem-12630	56	3	exchange	exchange	NOUN
fbem-12630	56	4	rate	rate	NOUN
fbem-12630	56	5	is	be	AUX
fbem-12630	56	6	qij	qij	NOUN
fbem-12630	56	7	=	=	PUNCT
fbem-12630	56	8	εijωj	εijωj	X
fbem-12630	56	9	/ωi	/ωi	PUNCT
fbem-12630	57	1	assume	assume	VERB
fbem-12630	57	2	demand	demand	NOUN
fbem-12630	57	3	in	in	ADP
fbem-12630	57	4	j	j	PROPN
fbem-12630	57	5	is	be	AUX
fbem-12630	57	6	q	q	PROPN
fbem-12630	57	7	units	unit	NOUN
fbem-12630	57	8	at	at	ADP
fbem-12630	57	9	price	price	NOUN
fbem-12630	57	10	pj	pj	PROPN
fbem-12630	57	11	.	.	PROPN
fbem-12630	57	12	ofdi	ofdi	PROPN
fbem-12630	57	13	profit	profit	NOUN
fbem-12630	57	14	is	be	AUX
fbem-12630	57	15	:	:	PUNCT
fbem-12630	57	16	π	π	X
fbem-12630	57	17	𝑝	𝑝	VERB
fbem-12630	57	18	𝑄	𝑄	NOUN
fbem-12630	57	19	𝑄	𝑄	PROPN
fbem-12630	57	20	1	1	NUM
fbem-12630	57	21	at	at	ADP
fbem-12630	57	22	zero	zero	NUM
fbem-12630	57	23	ofdi	ofdi	NOUN
fbem-12630	57	24	profit	profit	NOUN
fbem-12630	57	25	,	,	PUNCT
fbem-12630	57	26	the	the	DET
fbem-12630	57	27	productivity	productivity	NOUN
fbem-12630	57	28	breakpoint	breakpoint	NOUN
fbem-12630	57	29	for	for	ADP
fbem-12630	57	30	ofdi	ofdi	NOUN
fbem-12630	57	31	in	in	ADP
fbem-12630	57	32	j	j	PROPN
fbem-12630	57	33	is	be	AUX
fbem-12630	57	34	:	:	PUNCT
fbem-12630	57	35	𝜑	𝜑	PROPN
fbem-12630	57	36	𝜔	𝜔	PART
fbem-12630	57	37	𝑄𝑞	𝑄𝑞	PROPN
fbem-12630	57	38	𝑝	𝑝	PROPN
fbem-12630	57	39	𝑄𝑞	𝑄𝑞	PROPN
fbem-12630	57	40	𝑓	𝑓	DET
fbem-12630	57	41	𝜔	𝜔	SYM
fbem-12630	57	42	2	2	NUM
fbem-12630	57	43	taking	take	VERB
fbem-12630	57	44	the	the	DET
fbem-12630	57	45	first	first	ADJ
fbem-12630	57	46	derivative	derivative	NOUN
fbem-12630	57	47	gives	give	VERB
fbem-12630	57	48	a	a	DET
fbem-12630	57	49	negative	negative	ADJ
fbem-12630	57	50	relationship	relationship	NOUN
fbem-12630	57	51	between	between	ADP
fbem-12630	57	52	real	real	ADJ
fbem-12630	57	53	exchange	exchange	NOUN
fbem-12630	57	54	rates	rate	NOUN
fbem-12630	57	55	and	and	CCONJ
fbem-12630	57	56	productivity	productivity	NOUN
fbem-12630	57	57	breakpoints	breakpoint	NOUN
fbem-12630	57	58	:	:	PUNCT
fbem-12630	57	59	i.e.	i.e.	X
fbem-12630	57	60	higher	high	ADJ
fbem-12630	57	61	real	real	ADJ
fbem-12630	57	62	rates	rate	NOUN
fbem-12630	57	63	→	→	PUNCT
fbem-12630	57	64	lower	low	ADJ
fbem-12630	57	65	productivity	productivity	NOUN
fbem-12630	57	66	breakpoints	breakpoint	NOUN
fbem-12630	57	67	→	→	SYM
fbem-12630	57	68	more	more	ADJ
fbem-12630	57	69	ofdi	ofdi	NOUN
fbem-12630	57	70	.	.	PUNCT
fbem-12630	58	1	this	this	PRON
fbem-12630	58	2	gives	give	VERB
fbem-12630	58	3	the	the	DET
fbem-12630	58	4	first	first	ADJ
fbem-12630	58	5	hypothesis	hypothesis	NOUN
fbem-12630	58	6	:	:	PUNCT
fbem-12630	58	7	rmb	rmb	NOUN
fbem-12630	58	8	appreciation	appreciation	NOUN
fbem-12630	58	9	promotes	promote	VERB
fbem-12630	58	10	ofdi	ofdi	X
fbem-12630	58	11	further	far	ADV
fbem-12630	58	12	,	,	PUNCT
fbem-12630	58	13	this	this	DET
fbem-12630	58	14	paper	paper	NOUN
fbem-12630	58	15	examines	examine	VERB
fbem-12630	58	16	real	real	ADJ
fbem-12630	58	17	exchange	exchange	NOUN
fbem-12630	58	18	rate	rate	NOUN
fbem-12630	58	19	ofdi	ofdi	NOUN
fbem-12630	58	20	mechanisms	mechanism	NOUN
fbem-12630	58	21	.	.	PUNCT
fbem-12630	59	1	existing	exist	VERB
fbem-12630	59	2	research	research	NOUN
fbem-12630	59	3	shows	show	VERB
fbem-12630	59	4	exports	export	NOUN
fbem-12630	59	5	may	may	AUX
fbem-12630	59	6	substitute	substitute	VERB
fbem-12630	59	7	or	or	CCONJ
fbem-12630	59	8	complement	complement	VERB
fbem-12630	59	9	ofdi	ofdi	NOUN
fbem-12630	59	10	.	.	PUNCT
fbem-12630	60	1	substitution	substitution	NOUN
fbem-12630	60	2	occurs	occur	VERB
fbem-12630	60	3	because	because	SCONJ
fbem-12630	60	4	:	:	PUNCT
fbem-12630	60	5	(	(	PUNCT
fbem-12630	60	6	1	1	X
fbem-12630	60	7	)	)	PUNCT
fbem-12630	60	8	mundell	mundell	NOUN
fbem-12630	60	9	(	(	PUNCT
fbem-12630	60	10	1957	1957	NUM
fbem-12630	60	11	)	)	PUNCT
fbem-12630	60	12	argued	argue	VERB
fbem-12630	60	13	ofdi	ofdi	NOUN
fbem-12630	60	14	increases	increase	VERB
fbem-12630	60	15	global	global	ADJ
fbem-12630	60	16	capital	capital	NOUN
fbem-12630	60	17	mobility	mobility	NOUN
fbem-12630	60	18	,	,	PUNCT
fbem-12630	60	19	equalizing	equalizing	NOUN
fbem-12630	60	20	countries	country	NOUN
fbem-12630	60	21	'	'	PART
fbem-12630	60	22	endowments	endowment	NOUN
fbem-12630	60	23	and	and	CCONJ
fbem-12630	60	24	prices	price	NOUN
fbem-12630	60	25	,	,	PUNCT
fbem-12630	60	26	reducing	reduce	VERB
fbem-12630	60	27	trade	trade	NOUN
fbem-12630	60	28	incentives	incentive	NOUN
fbem-12630	60	29	;	;	PUNCT
fbem-12630	61	1	(	(	PUNCT
fbem-12630	61	2	2	2	X
fbem-12630	61	3	)	)	PUNCT
fbem-12630	61	4	rugman	rugman	NOUN
fbem-12630	61	5	(	(	PUNCT
fbem-12630	61	6	1980	1980	NUM
fbem-12630	61	7	)	)	PUNCT
fbem-12630	61	8	et	et	PROPN
fbem-12630	61	9	al	al	PROPN
fbem-12630	61	10	.	.	PROPN
fbem-12630	61	11	noted	note	VERB
fbem-12630	61	12	ofdi	ofdi	NOUN
fbem-12630	61	13	may	may	AUX
fbem-12630	61	14	shift	shift	VERB
fbem-12630	61	15	production	production	NOUN
fbem-12630	61	16	overseas	overseas	ADV
fbem-12630	61	17	,	,	PUNCT
fbem-12630	61	18	directly	directly	ADV
fbem-12630	61	19	replacing	replace	VERB
fbem-12630	61	20	home	home	NOUN
fbem-12630	61	21	country	country	NOUN
fbem-12630	61	22	exports	export	NOUN
fbem-12630	61	23	.	.	PUNCT
fbem-12630	62	1	however	however	ADV
fbem-12630	62	2	,	,	PUNCT
fbem-12630	62	3	unlike	unlike	ADP
fbem-12630	62	4	traditional	traditional	ADJ
fbem-12630	62	5	theories	theory	NOUN
fbem-12630	62	6	focused	focus	VERB
fbem-12630	62	7	on	on	ADP
fbem-12630	62	8	finished	finished	ADJ
fbem-12630	62	9	goods	good	NOUN
fbem-12630	62	10	exports	export	NOUN
fbem-12630	62	11	,	,	PUNCT
fbem-12630	62	12	markusen	markusen	NOUN
fbem-12630	62	13	(	(	PUNCT
fbem-12630	62	14	1995	1995	NUM
fbem-12630	62	15	)	)	PUNCT
fbem-12630	62	16	argued	argue	VERB
fbem-12630	62	17	ofdi	ofdi	PRON
fbem-12630	62	18	may	may	AUX
fbem-12630	62	19	raise	raise	VERB
fbem-12630	62	20	intermediate	intermediate	ADJ
fbem-12630	62	21	input	input	NOUN
fbem-12630	62	22	imports	import	NOUN
fbem-12630	62	23	from	from	ADP
fbem-12630	62	24	home	home	NOUN
fbem-12630	62	25	countries	country	NOUN
fbem-12630	62	26	,	,	PUNCT
fbem-12630	62	27	showing	show	VERB
fbem-12630	62	28	complementarity	complementarity	NOUN
fbem-12630	62	29	,	,	PUNCT
fbem-12630	62	30	a	a	DET
fbem-12630	62	31	view	view	NOUN
fbem-12630	62	32	also	also	ADV
fbem-12630	62	33	supported	support	VERB
fbem-12630	62	34	by	by	ADP
fbem-12630	62	35	helpman	helpman	NOUN
fbem-12630	62	36	and	and	CCONJ
fbem-12630	62	37	krugman	krugman	PROPN
fbem-12630	62	38	's	's	PART
fbem-12630	62	39	(	(	PUNCT
fbem-12630	62	40	1985	1985	NUM
fbem-12630	62	41	)	)	PUNCT
fbem-12630	62	42	new	new	ADJ
fbem-12630	62	43	trade	trade	NOUN
fbem-12630	62	44	theory	theory	NOUN
fbem-12630	62	45	.	.	PUNCT
fbem-12630	63	1	incorporating	incorporate	VERB
fbem-12630	63	2	exports	export	NOUN
fbem-12630	63	3	:	:	PUNCT
fbem-12630	63	4	assume	assume	VERB
fbem-12630	63	5	trade	trade	NOUN
fbem-12630	63	6	costs	cost	NOUN
fbem-12630	63	7	for	for	ADP
fbem-12630	63	8	home	home	NOUN
fbem-12630	63	9	exports	export	NOUN
fbem-12630	63	10	to	to	ADP
fbem-12630	63	11	j	j	PROPN
fbem-12630	63	12	are	be	AUX
fbem-12630	63	13	χij	χij	PROPN
fbem-12630	63	14	per	per	ADP
fbem-12630	63	15	unit	unit	NOUN
fbem-12630	63	16	output	output	NOUN
fbem-12630	63	17	(	(	PUNCT
fbem-12630	63	18	χij>1	χij>1	PROPN
fbem-12630	63	19	)	)	PUNCT
fbem-12630	63	20	,	,	PUNCT
fbem-12630	63	21	covering	cover	VERB
fbem-12630	63	22	iceberg	iceberg	NOUN
fbem-12630	63	23	and	and	CCONJ
fbem-12630	63	24	tariff	tariff	NOUN
fbem-12630	63	25	costs	cost	NOUN
fbem-12630	63	26	.	.	PUNCT
fbem-12630	64	1	export	export	NOUN
fbem-12630	64	2	fixed	fix	VERB
fbem-12630	64	3	costs	cost	NOUN
fbem-12630	64	4	are	be	AUX
fbem-12630	64	5	fe	fe	NOUN
fbem-12630	64	6	in	in	ADP
fbem-12630	64	7	i	i	PROPN
fbem-12630	64	8	's	's	PART
fbem-12630	64	9	labor	labor	NOUN
fbem-12630	64	10	terms	term	NOUN
fbem-12630	64	11	(	(	PUNCT
fbem-12630	64	12	since	since	SCONJ
fbem-12630	64	13	exports	export	NOUN
fbem-12630	64	14	are	be	AUX
fbem-12630	64	15	produced	produce	VERB
fbem-12630	64	16	domestically	domestically	ADV
fbem-12630	64	17	)	)	PUNCT
fbem-12630	64	18	.	.	PUNCT
fbem-12630	65	1	without	without	ADP
fbem-12630	65	2	local	local	ADJ
fbem-12630	65	3	ofdi	ofdi	NOUN
fbem-12630	65	4	,	,	PUNCT
fbem-12630	65	5	additional	additional	ADJ
fbem-12630	65	6	communication	communication	NOUN
fbem-12630	65	7	costs	cost	NOUN
fbem-12630	65	8	ηjθj	ηjθj	PROPN
fbem-12630	65	9	are	be	AUX
fbem-12630	65	10	needed	need	VERB
fbem-12630	65	11	per	per	ADP
fbem-12630	65	12	unit	unit	NOUN
fbem-12630	65	13	output	output	NOUN
fbem-12630	65	14	.	.	PUNCT
fbem-12630	66	1	ofdi	ofdi	NOUN
fbem-12630	66	2	profit	profit	NOUN
fbem-12630	66	3	is	be	AUX
fbem-12630	66	4	:	:	PUNCT
fbem-12630	66	5	𝜋	𝜋	NOUN
fbem-12630	66	6	𝑝	𝑝	VERB
fbem-12630	66	7	𝑄	𝑄	PROPN
fbem-12630	66	8	𝜒	𝜒	NOUN
fbem-12630	66	9	𝑞	𝑞	X
fbem-12630	66	10	𝜑	𝜑	X
fbem-12630	66	11	𝜂	𝜂	NOUN
fbem-12630	66	12	𝜔	𝜔	ADP
fbem-12630	66	13	𝑄	𝑄	PROPN
fbem-12630	66	14	𝑓	𝑓	PRON
fbem-12630	66	15	𝜔	𝜔	X
fbem-12630	66	16	𝑞	𝑞	X
fbem-12630	66	17	3	3	NUM
fbem-12630	66	18	similarly	similarly	ADV
fbem-12630	66	19	,	,	PUNCT
fbem-12630	66	20	the	the	DET
fbem-12630	66	21	export	export	NOUN
fbem-12630	66	22	productivity	productivity	NOUN
fbem-12630	66	23	threshold	threshold	NOUN
fbem-12630	66	24	for	for	ADP
fbem-12630	66	25	j	j	PROPN
fbem-12630	66	26	is	be	AUX
fbem-12630	66	27	:	:	PUNCT
fbem-12630	66	28	𝜑	𝜑	X
fbem-12630	66	29	𝜒	𝜒	PART
fbem-12630	66	30	𝜔	𝜔	DET
fbem-12630	66	31	𝑄	𝑄	PROPN
fbem-12630	66	32	𝑝	𝑝	NOUN
fbem-12630	66	33	𝜂	𝜂	NOUN
fbem-12630	66	34	𝑞	𝑞	X
fbem-12630	66	35	𝑄	𝑄	PROPN
fbem-12630	66	36	𝑓	𝑓	DET
fbem-12630	66	37	𝜔	𝜔	SYM
fbem-12630	66	38	4	4	NUM
fbem-12630	66	39	generalizing	generalize	VERB
fbem-12630	66	40	(	(	PUNCT
fbem-12630	66	41	3	3	NUM
fbem-12630	66	42	)	)	PUNCT
fbem-12630	66	43	to	to	ADP
fbem-12630	66	44	firms	firm	NOUN
fbem-12630	66	45	engaging	engage	VERB
fbem-12630	66	46	in	in	ADP
fbem-12630	66	47	both	both	PRON
fbem-12630	66	48	ofdi	ofdi	NOUN
fbem-12630	66	49	and	and	CCONJ
fbem-12630	66	50	exports	export	NOUN
fbem-12630	66	51	,	,	PUNCT
fbem-12630	66	52	avoiding	avoid	VERB
fbem-12630	66	53	communication	communication	NOUN
fbem-12630	66	54	costs	cost	NOUN
fbem-12630	66	55	,	,	PUNCT
fbem-12630	66	56	and	and	CCONJ
fbem-12630	66	57	paying	pay	VERB
fbem-12630	66	58	both	both	CCONJ
fbem-12630	66	59	export	export	NOUN
fbem-12630	66	60	and	and	CCONJ
fbem-12630	66	61	ofdi	ofdi	VERB
fbem-12630	66	62	fixed	fix	VERB
fbem-12630	66	63	costs	cost	NOUN
fbem-12630	66	64	,	,	PUNCT
fbem-12630	66	65	with	with	ADP
fbem-12630	66	66	exports	export	NOUN
fbem-12630	66	67	as	as	ADP
fbem-12630	66	68	a	a	DET
fbem-12630	66	69	share	share	NOUN
fbem-12630	66	70	α	α	NOUN
fbem-12630	66	71	of	of	ADP
fbem-12630	66	72	total	total	ADJ
fbem-12630	66	73	sales	sale	NOUN
fbem-12630	66	74	:	:	PUNCT
fbem-12630	66	75	𝜋	𝜋	NOUN
fbem-12630	66	76	𝑝	𝑝	VERB
fbem-12630	66	77	𝑄	𝑄	PROPN
fbem-12630	66	78	𝜒	𝜒	NOUN
fbem-12630	66	79	𝑞	𝑞	X
fbem-12630	66	80	𝜑	𝜑	X
fbem-12630	66	81	𝜔	𝜔	X
fbem-12630	66	82	𝛼𝑄	𝛼𝑄	NUM
fbem-12630	66	83	𝜔	𝜔	ADP
fbem-12630	66	84	𝜑	𝜑	ADP
fbem-12630	66	85	1	1	NUM
fbem-12630	66	86	𝛼	𝛼	NOUN
fbem-12630	66	87	𝑄	𝑄	PRON
fbem-12630	66	88	𝑓	𝑓	ADV
fbem-12630	66	89	𝜔	𝜔	X
fbem-12630	66	90	𝑓	𝑓	PRON
fbem-12630	66	91	𝜔	𝜔	X
fbem-12630	66	92	𝑞	𝑞	X
fbem-12630	66	93	5	5	NUM
fbem-12630	66	94	since	since	SCONJ
fbem-12630	66	95	dual	dual	ADJ
fbem-12630	66	96	activity	activity	NOUN
fbem-12630	66	97	firms	firm	NOUN
fbem-12630	66	98	have	have	VERB
fbem-12630	66	99	lower	low	ADJ
fbem-12630	66	100	ofdi	ofdi	NOUN
fbem-12630	66	101	productivity	productivity	NOUN
fbem-12630	66	102	thresholds	threshold	VERB
fbem-12630	66	103	φodfi	φodfi	VERB
fbem-12630	66	104	'	'	PUNCT
fbem-12630	66	105	than	than	ADP
fbem-12630	66	106	pure	pure	ADJ
fbem-12630	66	107	exporters	exporter	NOUN
fbem-12630	66	108	'	'	PART
fbem-12630	66	109	φe	φe	NOUN
fbem-12630	66	110	,	,	PUNCT
fbem-12630	66	111	substituting	substitute	VERB
fbem-12630	66	112	(	(	PUNCT
fbem-12630	66	113	4	4	NUM
fbem-12630	66	114	)	)	PUNCT
fbem-12630	66	115	into	into	ADP
fbem-12630	66	116	(	(	PUNCT
fbem-12630	66	117	5	5	NUM
fbem-12630	66	118	)	)	PUNCT
fbem-12630	66	119	gives	give	VERB
fbem-12630	66	120	the	the	DET
fbem-12630	66	121	threshold	threshold	NOUN
fbem-12630	66	122	for	for	ADP
fbem-12630	66	123	joint	joint	ADJ
fbem-12630	66	124	ofdi	ofdi	NOUN
fbem-12630	66	125	-	-	PUNCT
fbem-12630	66	126	export	export	NOUN
fbem-12630	66	127	firms	firm	NOUN
fbem-12630	66	128	:	:	PUNCT
fbem-12630	66	129	𝜑	𝜑	PROPN
fbem-12630	66	130	1	1	NUM
fbem-12630	66	131	𝛼	𝛼	NOUN
fbem-12630	66	132	𝜔	𝜔	PRON
fbem-12630	66	133	𝑄	𝑄	PROPN
fbem-12630	66	134	1	1	NUM
fbem-12630	66	135	𝛼	𝛼	NOUN
fbem-12630	66	136	𝑝	𝑝	NOUN
fbem-12630	66	137	𝑄	𝑄	PRON
fbem-12630	67	1	𝑓	𝑓	PRON
fbem-12630	67	2	𝜔	𝜔	X
fbem-12630	67	3	𝑞	𝑞	X
fbem-12630	67	4	𝜂	𝜂	NOUN
fbem-12630	67	5	𝜔	𝜔	ADP
fbem-12630	67	6	𝑄	𝑄	PROPN
fbem-12630	67	7	𝑓	𝑓	PRON
fbem-12630	67	8	𝜔	𝜔	X
fbem-12630	67	9	𝑞	𝑞	NOUN
fbem-12630	67	10	𝜂	𝜂	NOUN
fbem-12630	67	11	𝜔	𝜔	ADP
fbem-12630	67	12	𝑄	𝑄	PROPN
fbem-12630	67	13	6	6	NUM
fbem-12630	67	14	holding	hold	VERB
fbem-12630	67	15	fofdi	fofdi	NOUN
fbem-12630	67	16	constant	constant	ADJ
fbem-12630	67	17	,	,	PUNCT
fbem-12630	67	18	higher	high	ADJ
fbem-12630	67	19	exports	export	NOUN
fbem-12630	67	20	,	,	PUNCT
fbem-12630	67	21	higher	high	ADJ
fbem-12630	67	22	real	real	ADJ
fbem-12630	67	23	rates	rate	NOUN
fbem-12630	67	24	,	,	PUNCT
fbem-12630	67	25	and	and	CCONJ
fbem-12630	67	26	lower	low	ADJ
fbem-12630	67	27	productivity	productivity	NOUN
fbem-12630	67	28	thresholds	threshold	NOUN
fbem-12630	67	29	enhance	enhance	VERB
fbem-12630	67	30	ofdi	ofdi	NOUN
fbem-12630	67	31	engagement	engagement	NOUN
fbem-12630	67	32	.	.	PUNCT
fbem-12630	68	1	when	when	SCONJ
fbem-12630	68	2	𝜂	𝜂	X
fbem-12630	68	3	𝜔	𝜔	ADP
fbem-12630	68	4	𝑄	𝑄	PROPN
fbem-12630	68	5	>	>	X
fbem-12630	68	6	0	0	NUM
fbem-12630	68	7	,	,	PUNCT
fbem-12630	68	8	<	<	X
fbem-12630	68	9	0	0	NUM
fbem-12630	68	10	,	,	PUNCT
fbem-12630	68	11	i.e.	i.e.	X
fbem-12630	68	12	higher	high	ADJ
fbem-12630	68	13	exports	export	NOUN
fbem-12630	68	14	reinforce	reinforce	VERB
fbem-12630	68	15	real	real	ADJ
fbem-12630	68	16	exchange	exchange	NOUN
fbem-12630	68	17	rates	rate	NOUN
fbem-12630	68	18	'	'	PART
fbem-12630	68	19	ofdi	ofdi	NOUN
fbem-12630	68	20	promotion	promotion	NOUN
fbem-12630	68	21	.	.	PUNCT
fbem-12630	69	1	324	324	NUM
fbem-12630	69	2	this	this	PRON
fbem-12630	69	3	gives	give	VERB
fbem-12630	69	4	the	the	DET
fbem-12630	69	5	second	second	ADJ
fbem-12630	69	6	hypothesis	hypothesis	NOUN
fbem-12630	69	7	:	:	PUNCT
fbem-12630	69	8	higher	high	ADJ
fbem-12630	69	9	export	export	NOUN
fbem-12630	69	10	shares	share	NOUN
fbem-12630	69	11	strengthen	strengthen	VERB
fbem-12630	69	12	real	real	ADJ
fbem-12630	69	13	exchange	exchange	NOUN
fbem-12630	69	14	rates	rate	NOUN
fbem-12630	69	15	'	'	PART
fbem-12630	69	16	ofdi	ofdi	NOUN
fbem-12630	69	17	promotion	promotion	NOUN
fbem-12630	69	18	.	.	PUNCT
fbem-12630	70	1	the	the	DET
fbem-12630	70	2	above	above	ADJ
fbem-12630	70	3	hypotheses	hypothesis	NOUN
fbem-12630	70	4	will	will	AUX
fbem-12630	70	5	be	be	AUX
fbem-12630	70	6	empirically	empirically	ADV
fbem-12630	70	7	tested	test	VERB
fbem-12630	70	8	below	below	ADV
fbem-12630	70	9	.	.	PUNCT
fbem-12630	71	1	4	4	X
fbem-12630	71	2	.	.	X
fbem-12630	71	3	model	model	NOUN
fbem-12630	71	4	and	and	CCONJ
fbem-12630	71	5	data	datum	NOUN
fbem-12630	71	6	4.1	4.1	NUM
fbem-12630	71	7	.	.	PUNCT
fbem-12630	71	8	model	model	NOUN
fbem-12630	71	9	following	follow	VERB
fbem-12630	71	10	wu	wu	PROPN
fbem-12630	71	11	(	(	PUNCT
fbem-12630	71	12	2015	2015	NUM
fbem-12630	71	13	)	)	PUNCT
fbem-12630	71	14	,	,	PUNCT
fbem-12630	71	15	chen	chen	PROPN
fbem-12630	71	16	(	(	PUNCT
fbem-12630	71	17	2020	2020	NUM
fbem-12630	71	18	)	)	PUNCT
fbem-12630	71	19	and	and	CCONJ
fbem-12630	71	20	others	other	NOUN
fbem-12630	71	21	,	,	PUNCT
fbem-12630	71	22	the	the	DET
fbem-12630	71	23	empirical	empirical	ADJ
fbem-12630	71	24	model	model	NOUN
fbem-12630	71	25	based	base	VERB
fbem-12630	71	26	on	on	ADP
fbem-12630	71	27	the	the	DET
fbem-12630	71	28	theoretical	theoretical	ADJ
fbem-12630	71	29	analysis	analysis	NOUN
fbem-12630	71	30	is	be	AUX
fbem-12630	71	31	:	:	PUNCT
fbem-12630	71	32	ln	ln	ADJ
fbem-12630	71	33	𝑜𝑓𝑑𝑖	𝑜𝑓𝑑𝑖	NOUN
fbem-12630	71	34	𝛼	𝛼	VERB
fbem-12630	71	35	𝛽	𝛽	NOUN
fbem-12630	71	36	ln	ln	ADJ
fbem-12630	71	37	𝑒𝑟	𝑒𝑟	NOUN
fbem-12630	72	1	𝛽	𝛽	PROPN
fbem-12630	72	2	𝑒𝑥	𝑒𝑥	NOUN
fbem-12630	72	3	𝛽	𝛽	PROPN
fbem-12630	72	4	ln	ln	NOUN
fbem-12630	72	5	𝑒𝑥	𝑒𝑥	NOUN
fbem-12630	72	6	ln	ln	ADJ
fbem-12630	72	7	𝑒𝑟	𝑒𝑟	NOUN
fbem-12630	72	8	𝜃χ	𝜃χ	NOUN
fbem-12630	72	9	𝜀	𝜀	VERB
fbem-12630	72	10	7	7	NUM
fbem-12630	72	11	where	where	SCONJ
fbem-12630	72	12	ln	ln	ADJ
fbem-12630	72	13	𝑒𝑟	𝑒𝑟	NOUN
fbem-12630	72	14	is	be	AUX
fbem-12630	72	15	the	the	DET
fbem-12630	72	16	logarithm	logarithm	NOUN
fbem-12630	72	17	of	of	ADP
fbem-12630	72	18	the	the	DET
fbem-12630	72	19	bilateral	bilateral	ADJ
fbem-12630	72	20	rmb	rmb	NOUN
fbem-12630	72	21	exchange	exchange	NOUN
fbem-12630	72	22	rate	rate	NOUN
fbem-12630	72	23	against	against	ADP
fbem-12630	72	24	country	country	NOUN
fbem-12630	72	25	c	c	PROPN
fbem-12630	72	26	's	's	PART
fbem-12630	72	27	currency	currency	NOUN
fbem-12630	72	28	in	in	ADP
fbem-12630	72	29	year	year	NOUN
fbem-12630	72	30	t	t	PROPN
fbem-12630	72	31	versus	versus	ADP
fbem-12630	72	32	2012	2012	NUM
fbem-12630	72	33	(	(	PUNCT
fbem-12630	72	34	the	the	DET
fbem-12630	72	35	base	base	NOUN
fbem-12630	72	36	year	year	NOUN
fbem-12630	72	37	)	)	PUNCT
fbem-12630	73	1	;	;	PUNCT
fbem-12630	73	2	𝑒𝑥	𝑒𝑥	PROPN
fbem-12630	73	3	is	be	AUX
fbem-12630	73	4	china	china	PROPN
fbem-12630	73	5	's	's	PART
fbem-12630	73	6	export	export	NOUN
fbem-12630	73	7	share	share	NOUN
fbem-12630	73	8	to	to	ADP
fbem-12630	73	9	country	country	NOUN
fbem-12630	73	10	c	c	PROPN
fbem-12630	73	11	in	in	ADP
fbem-12630	73	12	year	year	NOUN
fbem-12630	73	13	t	t	PROPN
fbem-12630	73	14	;	;	PUNCT
fbem-12630	73	15	x	x	PUNCT
fbem-12630	73	16	represents	represent	VERB
fbem-12630	73	17	control	control	NOUN
fbem-12630	73	18	variables	variable	NOUN
fbem-12630	73	19	including	include	VERB
fbem-12630	73	20	c	c	PROPN
fbem-12630	73	21	's	's	PART
fbem-12630	73	22	gdp	gdp	NOUN
fbem-12630	73	23	,	,	PUNCT
fbem-12630	73	24	per	per	ADP
fbem-12630	73	25	capita	capita	X
fbem-12630	73	26	gdp	gdp	NOUN
fbem-12630	73	27	,	,	PUNCT
fbem-12630	73	28	resource	resource	NOUN
fbem-12630	73	29	endowment	endowment	NOUN
fbem-12630	73	30	,	,	PUNCT
fbem-12630	73	31	and	and	CCONJ
fbem-12630	73	32	total	total	ADJ
fbem-12630	73	33	tax	tax	NOUN
fbem-12630	73	34	rate	rate	NOUN
fbem-12630	73	35	in	in	ADP
fbem-12630	73	36	year	year	NOUN
fbem-12630	73	37	t	t	NOUN
fbem-12630	73	38	;	;	PUNCT
fbem-12630	73	39	𝛽	𝛽	X
fbem-12630	73	40	ln	ln	NOUN
fbem-12630	73	41	𝑒𝑥	𝑒𝑥	NOUN
fbem-12630	73	42	ln	ln	ADJ
fbem-12630	73	43	𝑒𝑟	𝑒𝑟	PROPN
fbem-12630	73	44	captures	capture	VERB
fbem-12630	73	45	the	the	DET
fbem-12630	73	46	interaction	interaction	NOUN
fbem-12630	73	47	of	of	ADP
fbem-12630	73	48	exports	export	NOUN
fbem-12630	73	49	and	and	CCONJ
fbem-12630	73	50	exchange	exchange	NOUN
fbem-12630	73	51	rates	rate	NOUN
fbem-12630	73	52	,	,	PUNCT
fbem-12630	73	53	indicating	indicate	VERB
fbem-12630	73	54	real	real	ADJ
fbem-12630	73	55	exchange	exchange	NOUN
fbem-12630	73	56	rates	rate	NOUN
fbem-12630	73	57	'	'	PART
fbem-12630	73	58	export	export	NOUN
fbem-12630	73	59	channel	channel	NOUN
fbem-12630	73	60	impacts	impact	NOUN
fbem-12630	73	61	on	on	ADP
fbem-12630	73	62	ofdi	ofdi	PRON
fbem-12630	73	63	;	;	PUNCT
fbem-12630	73	64	𝜀	𝜀	PRON
fbem-12630	73	65	is	be	AUX
fbem-12630	73	66	the	the	DET
fbem-12630	73	67	random	random	ADJ
fbem-12630	73	68	error	error	NOUN
fbem-12630	73	69	term	term	NOUN
fbem-12630	73	70	.	.	PUNCT
fbem-12630	74	1	the	the	DET
fbem-12630	74	2	model	model	NOUN
fbem-12630	74	3	also	also	ADV
fbem-12630	74	4	includes	include	VERB
fbem-12630	74	5	export	export	NOUN
fbem-12630	74	6	share	share	NOUN
fbem-12630	74	7	and	and	CCONJ
fbem-12630	74	8	exchange	exchange	NOUN
fbem-12630	74	9	rate	rate	NOUN
fbem-12630	74	10	interaction	interaction	NOUN
fbem-12630	74	11	terms	term	NOUN
fbem-12630	74	12	to	to	PART
fbem-12630	74	13	measure	measure	VERB
fbem-12630	74	14	exchange	exchange	NOUN
fbem-12630	74	15	rate	rate	NOUN
fbem-12630	74	16	impacts	impact	NOUN
fbem-12630	74	17	on	on	ADP
fbem-12630	74	18	china	china	PROPN
fbem-12630	74	19	's	's	PART
fbem-12630	74	20	ofdi	ofdi	NOUN
fbem-12630	74	21	through	through	ADP
fbem-12630	74	22	the	the	DET
fbem-12630	74	23	export	export	NOUN
fbem-12630	74	24	channel	channel	NOUN
fbem-12630	74	25	.	.	PUNCT
fbem-12630	75	1	4.2	4.2	NUM
fbem-12630	75	2	.	.	PUNCT
fbem-12630	76	1	variable	variable	ADJ
fbem-12630	76	2	selection	selection	NOUN
fbem-12630	76	3	4.2.1	4.2.1	NOUN
fbem-12630	76	4	.	.	PUNCT
fbem-12630	77	1	dependent	dependent	ADJ
fbem-12630	77	2	variable	variable	NOUN
fbem-12630	77	3	the	the	DET
fbem-12630	77	4	dependent	dependent	ADJ
fbem-12630	77	5	variable	variable	NOUN
fbem-12630	77	6	is	be	AUX
fbem-12630	77	7	ofdi	ofdi	PRON
fbem-12630	77	8	,	,	PUNCT
fbem-12630	77	9	denoted	denote	VERB
fbem-12630	77	10	by	by	ADP
fbem-12630	77	11	ofdi	ofdi	NOUN
fbem-12630	77	12	.	.	PUNCT
fbem-12630	78	1	panel	panel	NOUN
fbem-12630	78	2	data	datum	NOUN
fbem-12630	78	3	on	on	ADP
fbem-12630	78	4	china	china	PROPN
fbem-12630	78	5	's	's	PART
fbem-12630	78	6	ofdi	ofdi	NOUN
fbem-12630	78	7	to	to	ADP
fbem-12630	78	8	124	124	NUM
fbem-12630	78	9	countries	country	NOUN
fbem-12630	78	10	and	and	CCONJ
fbem-12630	78	11	regions	region	NOUN
fbem-12630	78	12	from	from	ADP
fbem-12630	78	13	20122020	20122020	NUM
fbem-12630	78	14	are	be	AUX
fbem-12630	78	15	used	use	VERB
fbem-12630	78	16	,	,	PUNCT
fbem-12630	78	17	obtained	obtain	VERB
fbem-12630	78	18	from	from	ADP
fbem-12630	78	19	the	the	DET
fbem-12630	78	20	ministry	ministry	PROPN
fbem-12630	78	21	of	of	ADP
fbem-12630	78	22	commerce	commerce	PROPN
fbem-12630	78	23	,	,	PUNCT
fbem-12630	78	24	national	national	ADJ
fbem-12630	78	25	bureau	bureau	PROPN
fbem-12630	78	26	of	of	ADP
fbem-12630	78	27	statistics	statistic	NOUN
fbem-12630	78	28	,	,	PUNCT
fbem-12630	78	29	and	and	CCONJ
fbem-12630	78	30	state	state	PROPN
fbem-12630	78	31	administration	administration	NOUN
fbem-12630	78	32	of	of	ADP
fbem-12630	78	33	foreign	foreign	ADJ
fbem-12630	78	34	exchange	exchange	NOUN
fbem-12630	78	35	's	's	PART
fbem-12630	78	36	annual	annual	ADJ
fbem-12630	78	37	statistical	statistical	ADJ
fbem-12630	78	38	bulletin	bulletin	NOUN
fbem-12630	78	39	of	of	ADP
fbem-12630	78	40	china	china	PROPN
fbem-12630	78	41	's	's	PART
fbem-12630	78	42	outward	outward	ADJ
fbem-12630	78	43	foreign	foreign	ADJ
fbem-12630	78	44	direct	direct	ADJ
fbem-12630	78	45	investment	investment	NOUN
fbem-12630	78	46	.	.	PUNCT
fbem-12630	79	1	the	the	DET
fbem-12630	79	2	natural	natural	ADJ
fbem-12630	79	3	logarithm	logarithm	NOUN
fbem-12630	79	4	is	be	AUX
fbem-12630	79	5	used	use	VERB
fbem-12630	79	6	for	for	ADP
fbem-12630	79	7	stationarity	stationarity	NOUN
fbem-12630	79	8	.	.	PUNCT
fbem-12630	80	1	4.2.2	4.2.2	X
fbem-12630	80	2	.	.	PUNCT
fbem-12630	81	1	explanatory	explanatory	ADJ
fbem-12630	81	2	variables	variable	NOUN
fbem-12630	81	3	(	(	PUNCT
fbem-12630	81	4	1	1	NUM
fbem-12630	81	5	)	)	PUNCT
fbem-12630	81	6	exchange	exchange	NOUN
fbem-12630	81	7	rate	rate	NOUN
fbem-12630	81	8	,	,	PUNCT
fbem-12630	81	9	denoted	denote	VERB
fbem-12630	81	10	erct	erct	NOUN
fbem-12630	81	11	,	,	PUNCT
fbem-12630	81	12	represents	represent	VERB
fbem-12630	81	13	the	the	DET
fbem-12630	81	14	bilateral	bilateral	ADJ
fbem-12630	81	15	nominal	nominal	ADJ
fbem-12630	81	16	rmb	rmb	PROPN
fbem-12630	81	17	exchange	exchange	NOUN
fbem-12630	81	18	rate	rate	NOUN
fbem-12630	81	19	against	against	ADP
fbem-12630	81	20	country	country	NOUN
fbem-12630	81	21	c	c	PROPN
fbem-12630	81	22	's	's	PART
fbem-12630	81	23	currency	currency	NOUN
fbem-12630	81	24	in	in	ADP
fbem-12630	81	25	year	year	NOUN
fbem-12630	81	26	t	t	PROPN
fbem-12630	81	27	(	(	PUNCT
fbem-12630	81	28	with	with	ADP
fbem-12630	81	29	2012	2012	NUM
fbem-12630	81	30	as	as	ADP
fbem-12630	81	31	base	base	NOUN
fbem-12630	81	32	year	year	NOUN
fbem-12630	81	33	)	)	PUNCT
fbem-12630	81	34	,	,	PUNCT
fbem-12630	81	35	calculated	calculate	VERB
fbem-12630	81	36	using	use	VERB
fbem-12630	81	37	the	the	DET
fbem-12630	81	38	indirect	indirect	ADJ
fbem-12630	81	39	quotation	quotation	NOUN
fbem-12630	81	40	method	method	NOUN
fbem-12630	81	41	.	.	PUNCT
fbem-12630	82	1	data	datum	NOUN
fbem-12630	82	2	are	be	AUX
fbem-12630	82	3	from	from	ADP
fbem-12630	82	4	the	the	DET
fbem-12630	82	5	world	world	NOUN
fbem-12630	82	6	bank	bank	PROPN
fbem-12630	82	7	.	.	PUNCT
fbem-12630	83	1	a	a	DET
fbem-12630	83	2	value	value	NOUN
fbem-12630	83	3	above	above	ADP
fbem-12630	83	4	1	1	NUM
fbem-12630	83	5	indicates	indicate	VERB
fbem-12630	83	6	rmb	rmb	NOUN
fbem-12630	83	7	appreciation	appreciation	NOUN
fbem-12630	83	8	versus	versus	ADP
fbem-12630	83	9	the	the	DET
fbem-12630	83	10	base	base	NOUN
fbem-12630	83	11	year	year	NOUN
fbem-12630	83	12	,	,	PUNCT
fbem-12630	83	13	with	with	ADP
fbem-12630	83	14	larger	large	ADJ
fbem-12630	83	15	values	value	NOUN
fbem-12630	83	16	indicating	indicate	VERB
fbem-12630	83	17	greater	great	ADJ
fbem-12630	83	18	appreciation	appreciation	NOUN
fbem-12630	83	19	;	;	PUNCT
fbem-12630	83	20	below	below	ADP
fbem-12630	83	21	1	1	NUM
fbem-12630	83	22	indicates	indicate	VERB
fbem-12630	83	23	depreciation	depreciation	NOUN
fbem-12630	83	24	,	,	PUNCT
fbem-12630	83	25	with	with	ADP
fbem-12630	83	26	smaller	small	ADJ
fbem-12630	83	27	values	value	NOUN
fbem-12630	83	28	indicating	indicate	VERB
fbem-12630	83	29	greater	great	ADJ
fbem-12630	83	30	depreciation	depreciation	NOUN
fbem-12630	83	31	.	.	PUNCT
fbem-12630	84	1	the	the	DET
fbem-12630	84	2	natural	natural	ADJ
fbem-12630	84	3	logarithm	logarithm	NOUN
fbem-12630	84	4	is	be	AUX
fbem-12630	84	5	used	use	VERB
fbem-12630	84	6	for	for	ADP
fbem-12630	84	7	stationarity	stationarity	NOUN
fbem-12630	84	8	.	.	PUNCT
fbem-12630	85	1	(	(	PUNCT
fbem-12630	85	2	2	2	X
fbem-12630	85	3	)	)	PUNCT
fbem-12630	85	4	export	export	NOUN
fbem-12630	85	5	share	share	NOUN
fbem-12630	85	6	,	,	PUNCT
fbem-12630	85	7	denoted	denote	VERB
fbem-12630	85	8	ex	ex	PROPN
fbem-12630	85	9	,	,	PUNCT
fbem-12630	85	10	represents	represent	VERB
fbem-12630	85	11	china	china	PROPN
fbem-12630	85	12	's	's	PART
fbem-12630	85	13	export	export	NOUN
fbem-12630	85	14	dependence	dependence	NOUN
fbem-12630	85	15	on	on	ADP
fbem-12630	85	16	a	a	DET
fbem-12630	85	17	country	country	NOUN
fbem-12630	85	18	,	,	PUNCT
fbem-12630	85	19	analyzing	analyze	VERB
fbem-12630	85	20	exchange	exchange	NOUN
fbem-12630	85	21	rate	rate	NOUN
fbem-12630	85	22	effects	effect	NOUN
fbem-12630	85	23	on	on	ADP
fbem-12630	85	24	ofdi	ofdi	NOUN
fbem-12630	85	25	channels	channel	NOUN
fbem-12630	85	26	.	.	PUNCT
fbem-12630	86	1	it	it	PRON
fbem-12630	86	2	is	be	AUX
fbem-12630	86	3	measured	measure	VERB
fbem-12630	86	4	by	by	ADP
fbem-12630	86	5	the	the	DET
fbem-12630	86	6	share	share	NOUN
fbem-12630	86	7	of	of	ADP
fbem-12630	86	8	china	china	PROPN
fbem-12630	86	9	's	's	PART
fbem-12630	86	10	exports	export	NOUN
fbem-12630	86	11	to	to	ADP
fbem-12630	86	12	(	(	PUNCT
fbem-12630	86	13	imports	import	NOUN
fbem-12630	86	14	from	from	ADP
fbem-12630	86	15	)	)	PUNCT
fbem-12630	86	16	that	that	DET
fbem-12630	86	17	country	country	NOUN
fbem-12630	86	18	in	in	ADP
fbem-12630	86	19	china	china	PROPN
fbem-12630	86	20	's	's	PART
fbem-12630	86	21	total	total	ADJ
fbem-12630	86	22	exports	export	NOUN
fbem-12630	86	23	(	(	PUNCT
fbem-12630	86	24	imports	import	NOUN
fbem-12630	86	25	)	)	PUNCT
fbem-12630	86	26	.	.	PUNCT
fbem-12630	87	1	larger	large	ADJ
fbem-12630	87	2	values	value	NOUN
fbem-12630	87	3	indicate	indicate	VERB
fbem-12630	87	4	greater	great	ADJ
fbem-12630	87	5	chinese	chinese	ADJ
fbem-12630	87	6	trade	trade	NOUN
fbem-12630	87	7	dependence	dependence	NOUN
fbem-12630	87	8	on	on	ADP
fbem-12630	87	9	that	that	DET
fbem-12630	87	10	country	country	NOUN
fbem-12630	87	11	.	.	PUNCT
fbem-12630	88	1	data	datum	NOUN
fbem-12630	88	2	are	be	AUX
fbem-12630	88	3	from	from	ADP
fbem-12630	88	4	the	the	DET
fbem-12630	88	5	national	national	PROPN
fbem-12630	88	6	bureau	bureau	PROPN
fbem-12630	88	7	of	of	ADP
fbem-12630	88	8	statistics	statistic	NOUN
fbem-12630	88	9	.	.	PUNCT
fbem-12630	89	1	the	the	DET
fbem-12630	89	2	natural	natural	ADJ
fbem-12630	89	3	logarithm	logarithm	NOUN
fbem-12630	89	4	is	be	AUX
fbem-12630	89	5	used	use	VERB
fbem-12630	89	6	for	for	ADP
fbem-12630	89	7	stationarity	stationarity	NOUN
fbem-12630	89	8	.	.	PUNCT
fbem-12630	90	1	4.2.3	4.2.3	X
fbem-12630	90	2	.	.	PUNCT
fbem-12630	91	1	control	control	NOUN
fbem-12630	91	2	variables	variable	NOUN
fbem-12630	91	3	following	follow	VERB
fbem-12630	91	4	research	research	NOUN
fbem-12630	91	5	on	on	ADP
fbem-12630	91	6	ofdi	ofdi	NOUN
fbem-12630	91	7	motivations	motivation	NOUN
fbem-12630	91	8	(	(	PUNCT
fbem-12630	91	9	wang	wang	PROPN
fbem-12630	91	10	et	et	PROPN
fbem-12630	91	11	al	al	PROPN
fbem-12630	91	12	,	,	PUNCT
fbem-12630	91	13	2017	2017	NUM
fbem-12630	91	14	)	)	PUNCT
fbem-12630	91	15	,	,	PUNCT
fbem-12630	91	16	control	control	NOUN
fbem-12630	91	17	variables	variable	NOUN
fbem-12630	91	18	are	be	AUX
fbem-12630	91	19	:	:	PUNCT
fbem-12630	91	20	(	(	PUNCT
fbem-12630	91	21	1	1	X
fbem-12630	91	22	)	)	PUNCT
fbem-12630	91	23	host	host	NOUN
fbem-12630	91	24	country	country	NOUN
fbem-12630	91	25	market	market	NOUN
fbem-12630	91	26	size	size	NOUN
fbem-12630	91	27	,	,	PUNCT
fbem-12630	91	28	measured	measure	VERB
fbem-12630	91	29	by	by	ADP
fbem-12630	91	30	total	total	ADJ
fbem-12630	91	31	gdp	gdp	PROPN
fbem-12630	91	32	,	,	PUNCT
fbem-12630	91	33	which	which	PRON
fbem-12630	91	34	directly	directly	ADV
fbem-12630	91	35	affects	affect	VERB
fbem-12630	91	36	firms	firm	NOUN
fbem-12630	91	37	'	'	PART
fbem-12630	91	38	ofdi	ofdi	NOUN
fbem-12630	91	39	decisions	decision	NOUN
fbem-12630	91	40	.	.	PUNCT
fbem-12630	92	1	(	(	PUNCT
fbem-12630	92	2	2	2	X
fbem-12630	92	3	)	)	PUNCT
fbem-12630	92	4	host	host	NOUN
fbem-12630	92	5	country	country	NOUN
fbem-12630	92	6	standard	standard	NOUN
fbem-12630	92	7	of	of	ADP
fbem-12630	92	8	living	living	NOUN
fbem-12630	92	9	,	,	PUNCT
fbem-12630	92	10	measured	measure	VERB
fbem-12630	92	11	by	by	ADP
fbem-12630	92	12	per	per	ADP
fbem-12630	92	13	capita	capita	X
fbem-12630	92	14	gdp	gdp	NOUN
fbem-12630	92	15	.	.	PUNCT
fbem-12630	93	1	(	(	PUNCT
fbem-12630	93	2	3	3	X
fbem-12630	93	3	)	)	PUNCT
fbem-12630	93	4	host	host	NOUN
fbem-12630	93	5	country	country	NOUN
fbem-12630	93	6	resource	resource	NOUN
fbem-12630	93	7	endowment	endowment	NOUN
fbem-12630	93	8	,	,	PUNCT
fbem-12630	93	9	measured	measure	VERB
fbem-12630	93	10	by	by	ADP
fbem-12630	93	11	fuel	fuel	NOUN
fbem-12630	93	12	,	,	PUNCT
fbem-12630	93	13	metal	metal	NOUN
fbem-12630	93	14	and	and	CCONJ
fbem-12630	93	15	mineral	mineral	NOUN
fbem-12630	93	16	exports	export	NOUN
fbem-12630	93	17	as	as	ADP
fbem-12630	93	18	a	a	DET
fbem-12630	93	19	share	share	NOUN
fbem-12630	93	20	of	of	ADP
fbem-12630	93	21	total	total	ADJ
fbem-12630	93	22	exports	export	NOUN
fbem-12630	93	23	,	,	PUNCT
fbem-12630	93	24	since	since	SCONJ
fbem-12630	93	25	accessing	access	VERB
fbem-12630	93	26	energy	energy	NOUN
fbem-12630	93	27	resources	resource	NOUN
fbem-12630	93	28	is	be	AUX
fbem-12630	93	29	a	a	DET
fbem-12630	93	30	key	key	ADJ
fbem-12630	93	31	chinese	chinese	ADJ
fbem-12630	93	32	ofdi	ofdi	NOUN
fbem-12630	93	33	motive	motive	NOUN
fbem-12630	93	34	.	.	PUNCT
fbem-12630	94	1	(	(	PUNCT
fbem-12630	94	2	4	4	X
fbem-12630	94	3	)	)	PUNCT
fbem-12630	94	4	host	host	NOUN
fbem-12630	94	5	country	country	NOUN
fbem-12630	94	6	total	total	ADJ
fbem-12630	94	7	tax	tax	NOUN
fbem-12630	94	8	rate	rate	NOUN
fbem-12630	94	9	,	,	PUNCT
fbem-12630	94	10	measured	measure	VERB
fbem-12630	94	11	by	by	ADP
fbem-12630	94	12	total	total	ADJ
fbem-12630	94	13	corporate	corporate	ADJ
fbem-12630	94	14	taxes	taxis	NOUN
fbem-12630	94	15	as	as	ADP
fbem-12630	94	16	a	a	DET
fbem-12630	94	17	share	share	NOUN
fbem-12630	94	18	of	of	ADP
fbem-12630	94	19	commercial	commercial	ADJ
fbem-12630	94	20	profits	profit	NOUN
fbem-12630	94	21	,	,	PUNCT
fbem-12630	94	22	indicating	indicate	VERB
fbem-12630	94	23	the	the	DET
fbem-12630	94	24	investment	investment	NOUN
fbem-12630	94	25	environment	environment	NOUN
fbem-12630	94	26	and	and	CCONJ
fbem-12630	94	27	economic	economic	ADJ
fbem-12630	94	28	freedom	freedom	NOUN
fbem-12630	94	29	.	.	PUNCT
fbem-12630	95	1	data	datum	NOUN
fbem-12630	95	2	are	be	AUX
fbem-12630	95	3	from	from	ADP
fbem-12630	95	4	the	the	DET
fbem-12630	95	5	world	world	NOUN
fbem-12630	95	6	development	development	NOUN
fbem-12630	95	7	indicators	indicator	NOUN
fbem-12630	95	8	database	database	VERB
fbem-12630	95	9	.	.	PUNCT
fbem-12630	96	1	(	(	PUNCT
fbem-12630	96	2	3	3	X
fbem-12630	96	3	)	)	PUNCT
fbem-12630	96	4	descriptive	descriptive	ADJ
fbem-12630	96	5	statistics	statistic	NOUN
fbem-12630	96	6	panel	panel	NOUN
fbem-12630	96	7	data	datum	NOUN
fbem-12630	96	8	on	on	ADP
fbem-12630	96	9	china	china	PROPN
fbem-12630	96	10	's	's	PART
fbem-12630	96	11	ofdi	ofdi	NOUN
fbem-12630	96	12	and	and	CCONJ
fbem-12630	96	13	exchange	exchange	NOUN
fbem-12630	96	14	rates	rate	NOUN
fbem-12630	96	15	with	with	ADP
fbem-12630	96	16	124	124	NUM
fbem-12630	96	17	countries	country	NOUN
fbem-12630	96	18	from	from	ADP
fbem-12630	96	19	2012	2012	NUM
fbem-12630	96	20	-	-	SYM
fbem-12630	96	21	2020	2020	NUM
fbem-12630	96	22	are	be	AUX
fbem-12630	96	23	used	use	VERB
fbem-12630	96	24	,	,	PUNCT
fbem-12630	96	25	from	from	ADP
fbem-12630	96	26	the	the	DET
fbem-12630	96	27	statistical	statistical	ADJ
fbem-12630	96	28	bulletin	bulletin	NOUN
fbem-12630	96	29	of	of	ADP
fbem-12630	96	30	china	china	PROPN
fbem-12630	96	31	's	's	PART
fbem-12630	96	32	outward	outward	PROPN
fbem-12630	96	33	fdi	fdi	PROPN
fbem-12630	96	34	,	,	PUNCT
fbem-12630	96	35	world	world	PROPN
fbem-12630	96	36	bank	bank	PROPN
fbem-12630	96	37	world	world	NOUN
fbem-12630	96	38	governance	governance	NOUN
fbem-12630	96	39	indicators	indicator	NOUN
fbem-12630	96	40	,	,	PUNCT
fbem-12630	96	41	national	national	ADJ
fbem-12630	96	42	bureau	bureau	PROPN
fbem-12630	96	43	of	of	ADP
fbem-12630	96	44	statistics	statistic	NOUN
fbem-12630	96	45	,	,	PUNCT
fbem-12630	96	46	world	world	NOUN
fbem-12630	96	47	development	development	NOUN
fbem-12630	96	48	indicators	indicator	NOUN
fbem-12630	96	49	,	,	PUNCT
fbem-12630	96	50	imf	imf	PROPN
fbem-12630	96	51	,	,	PUNCT
fbem-12630	96	52	etc	etc	X
fbem-12630	96	53	.	.	X
fbem-12630	97	1	summary	summary	NOUN
fbem-12630	97	2	statistics	statistic	NOUN
fbem-12630	97	3	are	be	AUX
fbem-12630	97	4	presented	present	VERB
fbem-12630	97	5	in	in	ADP
fbem-12630	97	6	table	table	NOUN
fbem-12630	97	7	1	1	NUM
fbem-12630	97	8	:	:	PUNCT
fbem-12630	97	9	table	table	NOUN
fbem-12630	97	10	1	1	NUM
fbem-12630	97	11	.	.	PUNCT
fbem-12630	98	1	variable	variable	ADJ
fbem-12630	98	2	descriptive	descriptive	ADJ
fbem-12630	98	3	statistics	statistic	NOUN
fbem-12630	98	4	variable	variable	ADJ
fbem-12630	98	5	observations	observation	NOUN
fbem-12630	98	6	mean	mean	VERB
fbem-12630	98	7	variance	variance	NOUN
fbem-12630	98	8	minimum	minimum	ADJ
fbem-12630	98	9	maximum	maximum	ADJ
fbem-12630	98	10	ingdp	ingdp	NOUN
fbem-12630	98	11	1	1	NUM
fbem-12630	98	12	,	,	PUNCT
fbem-12630	98	13	106	106	NUM
fbem-12630	98	14	24.60927	24.60927	NUM
fbem-12630	98	15	2.228441	2.228441	NUM
fbem-12630	98	16	18.95786	18.95786	NUM
fbem-12630	98	17	30.69596	30.69596	NUM
fbem-12630	98	18	inex	inex	NOUN
fbem-12630	98	19	1	1	NUM
fbem-12630	98	20	,	,	PUNCT
fbem-12630	98	21	116	116	NUM
fbem-12630	98	22	−7.13146	−7.13146	NOUN
fbem-12630	98	23	2.111994	2.111994	NUM
fbem-12630	98	24	−13.43078	−13.43078	NOUN
fbem-12630	98	25	−1.648266	−1.648266	ADP
fbem-12630	98	26	inech	inech	NOUN
fbem-12630	98	27	1	1	NUM
fbem-12630	98	28	,	,	PUNCT
fbem-12630	98	29	106	106	NUM
fbem-12630	98	30	.2351966	.2351966	NOUN
fbem-12630	99	1	.7935036	.7935036	PRON
fbem-12630	100	1	−4.172919	−4.172919	PROPN
fbem-12630	100	2	.950901	.950901	PROPN
fbem-12630	100	3	infdiflow	infdiflow	PROPN
fbem-12630	100	4	1	1	NUM
fbem-12630	100	5	,	,	PUNCT
fbem-12630	100	6	008	008	NUM
fbem-12630	100	7	8.470501	8.470501	NUM
fbem-12630	100	8	2.386127	2.386127	NUM
fbem-12630	100	9	0	0	NUM
fbem-12630	100	10	14.34501	14.34501	NUM
fbem-12630	100	11	lnavgdp	lnavgdp	NOUN
fbem-12630	100	12	1	1	NUM
fbem-12630	100	13	,	,	PUNCT
fbem-12630	100	14	106	106	NUM
fbem-12630	100	15	8.656995	8.656995	NUM
fbem-12630	101	1	1.5564	1.5564	NUM
fbem-12630	101	2	5.430282	5.430282	NUM
fbem-12630	101	3	12.10275	12.10275	NUM
fbem-12630	101	4	intax	intax	NOUN
fbem-12630	101	5	905	905	NUM
fbem-12630	101	6	.8433988	.8433988	PROPN
fbem-12630	101	7	1.460648	1.460648	NUM
fbem-12630	101	8	−2.302585	−2.302585	NUM
fbem-12630	101	9	5.553734	5.553734	NUM
fbem-12630	101	10	inburning	inburne	VERB
fbem-12630	101	11	900	900	NUM
fbem-12630	101	12	.9155311	.9155311	NOUN
fbem-12630	101	13	3.08568	3.08568	NUM
fbem-12630	101	14	−14.95072	−14.95072	PROPN
fbem-12630	101	15	4.605035	4.605035	NUM
fbem-12630	101	16	instone	instone	NOUN
fbem-12630	101	17	936	936	NUM
fbem-12630	101	18	1.050314	1.050314	NUM
fbem-12630	101	19	1.731472	1.731472	NUM
fbem-12630	101	20	−9.31961	−9.31961	NOUN
fbem-12630	101	21	4.459215	4.459215	NUM
fbem-12630	101	22	5	5	NUM
fbem-12630	101	23	.	.	PUNCT
fbem-12630	102	1	empirical	empirical	ADJ
fbem-12630	102	2	results	result	NOUN
fbem-12630	102	3	and	and	CCONJ
fbem-12630	102	4	analysis	analysis	NOUN
fbem-12630	102	5	joint	joint	ADJ
fbem-12630	102	6	significance	significance	NOUN
fbem-12630	102	7	tests	test	NOUN
fbem-12630	102	8	for	for	ADP
fbem-12630	102	9	fixed	fixed	ADJ
fbem-12630	102	10	and	and	CCONJ
fbem-12630	102	11	random	random	ADJ
fbem-12630	102	12	effects	effect	NOUN
fbem-12630	102	13	are	be	AUX
fbem-12630	102	14	first	first	ADV
fbem-12630	102	15	conducted	conduct	VERB
fbem-12630	102	16	to	to	PART
fbem-12630	102	17	determine	determine	VERB
fbem-12630	102	18	if	if	SCONJ
fbem-12630	102	19	panel	panel	NOUN
fbem-12630	102	20	data	data	NOUN
fbem-12630	102	21	models	model	NOUN
fbem-12630	102	22	are	be	AUX
fbem-12630	102	23	needed	need	VERB
fbem-12630	102	24	.	.	PUNCT
fbem-12630	103	1	the	the	DET
fbem-12630	103	2	null	null	ADJ
fbem-12630	103	3	hypotheses	hypothesis	NOUN
fbem-12630	103	4	for	for	ADP
fbem-12630	103	5	both	both	CCONJ
fbem-12630	103	6	individual	individual	ADJ
fbem-12630	103	7	and	and	CCONJ
fbem-12630	103	8	random	random	ADJ
fbem-12630	103	9	effects	effect	NOUN
fbem-12630	103	10	are	be	AUX
fbem-12630	103	11	rejected	reject	VERB
fbem-12630	103	12	at	at	ADP
fbem-12630	103	13	the	the	DET
fbem-12630	103	14	1	1	NUM
fbem-12630	103	15	%	%	NOUN
fbem-12630	103	16	level	level	NOUN
fbem-12630	103	17	,	,	PUNCT
fbem-12630	103	18	indicating	indicate	VERB
fbem-12630	103	19	individual	individual	ADJ
fbem-12630	103	20	and	and	CCONJ
fbem-12630	103	21	random	random	ADJ
fbem-12630	103	22	effects	effect	NOUN
fbem-12630	103	23	should	should	AUX
fbem-12630	103	24	be	be	AUX
fbem-12630	103	25	considered	consider	VERB
fbem-12630	103	26	.	.	PUNCT
fbem-12630	104	1	serial	serial	ADJ
fbem-12630	104	2	correlation	correlation	NOUN
fbem-12630	104	3	tests	test	NOUN
fbem-12630	104	4	can	can	AUX
fbem-12630	104	5	not	not	PART
fbem-12630	104	6	reject	reject	VERB
fbem-12630	104	7	the	the	DET
fbem-12630	104	8	null	null	ADJ
fbem-12630	104	9	hypothesis	hypothesis	NOUN
fbem-12630	104	10	at	at	ADP
fbem-12630	104	11	the	the	DET
fbem-12630	104	12	5	5	NUM
fbem-12630	104	13	%	%	NOUN
fbem-12630	104	14	level	level	NOUN
fbem-12630	104	15	,	,	PUNCT
fbem-12630	104	16	so	so	CCONJ
fbem-12630	104	17	classical	classical	ADJ
fbem-12630	104	18	hausman	hausman	ADJ
fbem-12630	104	19	tests	test	NOUN
fbem-12630	104	20	are	be	AUX
fbem-12630	104	21	conducted	conduct	VERB
fbem-12630	104	22	to	to	PART
fbem-12630	104	23	determine	determine	VERB
fbem-12630	104	24	fixed	fix	VERB
fbem-12630	104	25	or	or	CCONJ
fbem-12630	104	26	random	random	ADJ
fbem-12630	104	27	effects	effect	NOUN
fbem-12630	104	28	models	model	NOUN
fbem-12630	104	29	.	.	PUNCT
fbem-12630	105	1	the	the	DET
fbem-12630	105	2	hausman	hausman	PROPN
fbem-12630	105	3	test	test	NOUN
fbem-12630	105	4	can	can	AUX
fbem-12630	105	5	not	not	PART
fbem-12630	105	6	reject	reject	VERB
fbem-12630	105	7	the	the	DET
fbem-12630	105	8	null	null	ADJ
fbem-12630	105	9	hypothesis	hypothesis	NOUN
fbem-12630	105	10	at	at	ADP
fbem-12630	105	11	the	the	DET
fbem-12630	105	12	1	1	NUM
fbem-12630	105	13	%	%	NOUN
fbem-12630	105	14	level	level	NOUN
fbem-12630	105	15	,	,	PUNCT
fbem-12630	105	16	suggesting	suggest	VERB
fbem-12630	105	17	random	random	ADJ
fbem-12630	105	18	effects	effect	NOUN
fbem-12630	105	19	models	model	NOUN
fbem-12630	105	20	are	be	AUX
fbem-12630	105	21	preferable	preferable	ADJ
fbem-12630	105	22	.	.	PUNCT
fbem-12630	106	1	column	column	NOUN
fbem-12630	106	2	1	1	NUM
fbem-12630	106	3	in	in	ADP
fbem-12630	106	4	table	table	NOUN
fbem-12630	106	5	2	2	NUM
fbem-12630	106	6	tests	test	NOUN
fbem-12630	106	7	real	real	ADJ
fbem-12630	106	8	exchange	exchange	NOUN
fbem-12630	106	9	rate	rate	NOUN
fbem-12630	106	10	level	level	NOUN
fbem-12630	106	11	impacts	impact	NOUN
fbem-12630	106	12	on	on	ADP
fbem-12630	106	13	china	china	PROPN
fbem-12630	106	14	's	's	PART
fbem-12630	106	15	ofdi	ofdi	NOUN
fbem-12630	106	16	.	.	PUNCT
fbem-12630	107	1	the	the	DET
fbem-12630	107	2	exchange	exchange	NOUN
fbem-12630	107	3	rate	rate	NOUN
fbem-12630	107	4	variable	variable	ADJ
fbem-12630	107	5	coefficient	coefficient	NOUN
fbem-12630	107	6	is	be	AUX
fbem-12630	107	7	significantly	significantly	ADV
fbem-12630	107	8	positive	positive	ADJ
fbem-12630	107	9	at	at	ADP
fbem-12630	107	10	1	1	NUM
fbem-12630	107	11	%	%	NOUN
fbem-12630	107	12	,	,	PUNCT
fbem-12630	107	13	indicating	indicate	VERB
fbem-12630	107	14	real	real	ADJ
fbem-12630	107	15	appreciation	appreciation	NOUN
fbem-12630	107	16	promotes	promote	VERB
fbem-12630	107	17	ofdi	ofdi	ADV
fbem-12630	107	18	,	,	PUNCT
fbem-12630	107	19	consistent	consistent	ADJ
fbem-12630	107	20	with	with	ADP
fbem-12630	107	21	relative	relative	ADJ
fbem-12630	107	22	cost	cost	NOUN
fbem-12630	107	23	and	and	CCONJ
fbem-12630	107	24	wealth	wealth	NOUN
fbem-12630	107	25	theories	theory	NOUN
fbem-12630	107	26	that	that	SCONJ
fbem-12630	107	27	rmb	rmb	NOUN
fbem-12630	107	28	appreciation	appreciation	NOUN
fbem-12630	107	29	raises	raise	VERB
fbem-12630	107	30	firms	firm	NOUN
fbem-12630	107	31	'	'	PART
fbem-12630	107	32	relative	relative	ADJ
fbem-12630	107	33	wealth	wealth	NOUN
fbem-12630	107	34	in	in	ADP
fbem-12630	107	35	rmb	rmb	NOUN
fbem-12630	107	36	terms	term	NOUN
fbem-12630	107	37	,	,	PUNCT
fbem-12630	107	38	reducing	reduce	VERB
fbem-12630	107	39	relative	relative	ADJ
fbem-12630	107	40	fixed	fix	VERB
fbem-12630	107	41	and	and	CCONJ
fbem-12630	107	42	labor	labor	NOUN
fbem-12630	107	43	costs	cost	NOUN
fbem-12630	107	44	for	for	ADP
fbem-12630	107	45	overseas	overseas	ADJ
fbem-12630	107	46	production	production	NOUN
fbem-12630	107	47	and	and	CCONJ
fbem-12630	107	48	facilitating	facilitate	VERB
fbem-12630	107	49	ofdi	ofdi	PRON
fbem-12630	107	50	.	.	PUNCT
fbem-12630	108	1	regarding	regard	VERB
fbem-12630	108	2	control	control	NOUN
fbem-12630	108	3	variables	variable	NOUN
fbem-12630	108	4	,	,	PUNCT
fbem-12630	108	5	host	host	NOUN
fbem-12630	108	6	country	country	NOUN
fbem-12630	108	7	market	market	NOUN
fbem-12630	108	8	size	size	NOUN
fbem-12630	108	9	(	(	PUNCT
fbem-12630	108	10	gdp	gdp	NOUN
fbem-12630	108	11	and	and	CCONJ
fbem-12630	108	12	per	per	ADP
fbem-12630	108	13	capita	capita	X
fbem-12630	108	14	gdp	gdp	NOUN
fbem-12630	108	15	)	)	PUNCT
fbem-12630	108	16	significantly	significantly	ADV
fbem-12630	108	17	promotes	promote	VERB
fbem-12630	108	18	ofdi	ofdi	PRON
fbem-12630	108	19	,	,	PUNCT
fbem-12630	108	20	confirming	confirm	VERB
fbem-12630	108	21	market	market	NOUN
fbem-12630	108	22	-	-	PUNCT
fbem-12630	108	23	seeking	seek	VERB
fbem-12630	108	24	motivations	motivation	NOUN
fbem-12630	108	25	.	.	PUNCT
fbem-12630	109	1	with	with	ADP
fbem-12630	109	2	progressively	progressively	ADV
fbem-12630	109	3	more	more	ADJ
fbem-12630	109	4	controls	control	NOUN
fbem-12630	109	5	,	,	PUNCT
fbem-12630	109	6	per	per	ADP
fbem-12630	109	7	capita	capita	X
fbem-12630	109	8	gdp	gdp	NOUN
fbem-12630	109	9	effects	effect	NOUN
fbem-12630	109	10	change	change	VERB
fbem-12630	109	11	from	from	ADP
fbem-12630	109	12	positive	positive	ADJ
fbem-12630	109	13	to	to	PART
fbem-12630	109	14	negative	negative	ADJ
fbem-12630	109	15	,	,	PUNCT
fbem-12630	109	16	possibly	possibly	ADV
fbem-12630	109	17	because	because	SCONJ
fbem-12630	109	18	higher	high	ADJ
fbem-12630	109	19	host	host	NOUN
fbem-12630	109	20	incomes	income	NOUN
fbem-12630	109	21	often	often	ADV
fbem-12630	109	22	indicate	indicate	VERB
fbem-12630	109	23	higher	high	ADJ
fbem-12630	109	24	wages	wage	NOUN
fbem-12630	109	25	,	,	PUNCT
fbem-12630	109	26	increasing	increase	VERB
fbem-12630	109	27	firms	firm	NOUN
fbem-12630	109	28	'	'	PART
fbem-12630	109	29	overseas	overseas	ADJ
fbem-12630	109	30	hr	hr	NOUN
fbem-12630	109	31	costs	cost	NOUN
fbem-12630	109	32	.	.	PUNCT
fbem-12630	110	1	this	this	PRON
fbem-12630	110	2	may	may	AUX
fbem-12630	110	3	also	also	ADV
fbem-12630	110	4	reflect	reflect	VERB
fbem-12630	110	5	chinese	chinese	ADJ
fbem-12630	110	6	firms	firm	NOUN
fbem-12630	110	7	'	'	PART
fbem-12630	110	8	tendency	tendency	NOUN
fbem-12630	110	9	to	to	PART
fbem-12630	110	10	seek	seek	VERB
fbem-12630	110	11	lower	low	ADJ
fbem-12630	110	12	-	-	PUNCT
fbem-12630	110	13	cost	cost	NOUN
fbem-12630	110	14	labor	labor	NOUN
fbem-12630	110	15	through	through	ADP
fbem-12630	110	16	ofdi	ofdi	PRON
fbem-12630	110	17	.	.	PUNCT
fbem-12630	111	1	negative	negative	ADJ
fbem-12630	111	2	total	total	ADJ
fbem-12630	111	3	tax	tax	NOUN
fbem-12630	111	4	rate	rate	NOUN
fbem-12630	111	5	coefficients	coefficient	NOUN
fbem-12630	111	6	mean	mean	VERB
fbem-12630	111	7	lower	low	ADJ
fbem-12630	111	8	tax	tax	NOUN
fbem-12630	111	9	rates	rate	NOUN
fbem-12630	111	10	and	and	CCONJ
fbem-12630	111	11	better	well	ADJ
fbem-12630	111	12	investment	investment	NOUN
fbem-12630	111	13	environments	environment	NOUN
fbem-12630	111	14	attract	attract	VERB
fbem-12630	111	15	more	more	ADJ
fbem-12630	111	16	chinese	chinese	ADJ
fbem-12630	111	17	ofdi	ofdi	NOUN
fbem-12630	111	18	.	.	PUNCT
fbem-12630	112	1	row	row	NOUN
fbem-12630	112	2	3	3	NUM
fbem-12630	112	3	incorporates	incorporate	VERB
fbem-12630	112	4	the	the	DET
fbem-12630	112	5	interaction	interaction	NOUN
fbem-12630	112	6	of	of	ADP
fbem-12630	112	7	exchange	exchange	NOUN
fbem-12630	112	8	rates	rate	NOUN
fbem-12630	112	9	and	and	CCONJ
fbem-12630	112	10	export	export	NOUN
fbem-12630	112	11	dependence	dependence	NOUN
fbem-12630	112	12	.	.	PUNCT
fbem-12630	113	1	the	the	DET
fbem-12630	113	2	significantly	significantly	ADV
fbem-12630	113	3	positive	positive	ADJ
fbem-12630	113	4	export	export	NOUN
fbem-12630	113	5	share	share	NOUN
fbem-12630	113	6	coefficient	coefficient	NOUN
fbem-12630	113	7	means	mean	VERB
fbem-12630	113	8	more	more	ADJ
fbem-12630	113	9	exports	export	NOUN
fbem-12630	113	10	to	to	ADP
fbem-12630	113	11	a	a	DET
fbem-12630	113	12	country	country	NOUN
fbem-12630	113	13	increase	increase	VERB
fbem-12630	113	14	china	china	PROPN
fbem-12630	113	15	's	's	PART
fbem-12630	113	16	325	325	NUM
fbem-12630	113	17	ofdi	ofdi	NOUN
fbem-12630	113	18	there	there	ADV
fbem-12630	113	19	,	,	PUNCT
fbem-12630	113	20	indicating	indicate	VERB
fbem-12630	113	21	export	export	NOUN
fbem-12630	113	22	-	-	PUNCT
fbem-12630	113	23	fdi	fdi	NOUN
fbem-12630	113	24	complementarity	complementarity	NOUN
fbem-12630	113	25	.	.	PUNCT
fbem-12630	114	1	the	the	DET
fbem-12630	114	2	positive	positive	ADJ
fbem-12630	114	3	interaction	interaction	NOUN
fbem-12630	114	4	term	term	NOUN
fbem-12630	114	5	shows	show	VERB
fbem-12630	114	6	rmb	rmb	NOUN
fbem-12630	114	7	appreciation	appreciation	NOUN
fbem-12630	114	8	's	's	PART
fbem-12630	114	9	ofdi	ofdi	NOUN
fbem-12630	114	10	promotion	promotion	NOUN
fbem-12630	114	11	is	be	AUX
fbem-12630	114	12	stronger	strong	ADJ
fbem-12630	114	13	for	for	ADP
fbem-12630	114	14	countries	country	NOUN
fbem-12630	114	15	with	with	ADP
fbem-12630	114	16	higher	high	ADJ
fbem-12630	114	17	chinese	chinese	ADJ
fbem-12630	114	18	export	export	NOUN
fbem-12630	114	19	shares	share	NOUN
fbem-12630	114	20	.	.	PUNCT
fbem-12630	115	1	although	although	SCONJ
fbem-12630	115	2	baseline	baseline	ADJ
fbem-12630	115	3	regressions	regression	NOUN
fbem-12630	115	4	control	control	VERB
fbem-12630	115	5	many	many	ADJ
fbem-12630	115	6	characteristics	characteristic	NOUN
fbem-12630	115	7	to	to	PART
fbem-12630	115	8	mitigate	mitigate	VERB
fbem-12630	115	9	omitted	omit	VERB
fbem-12630	115	10	variable	variable	ADJ
fbem-12630	115	11	biases	bias	NOUN
fbem-12630	115	12	,	,	PUNCT
fbem-12630	115	13	endogeneity	endogeneity	NOUN
fbem-12630	115	14	may	may	AUX
fbem-12630	115	15	still	still	ADV
fbem-12630	115	16	exist	exist	VERB
fbem-12630	115	17	between	between	ADP
fbem-12630	115	18	exchange	exchange	NOUN
fbem-12630	115	19	rates	rate	NOUN
fbem-12630	115	20	and	and	CCONJ
fbem-12630	115	21	fdi	fdi	PROPN
fbem-12630	115	22	,	,	PUNCT
fbem-12630	115	23	with	with	ADP
fbem-12630	115	24	two	two	NUM
fbem-12630	115	25	-	-	PUNCT
fbem-12630	115	26	way	way	NOUN
fbem-12630	115	27	causality	causality	NOUN
fbem-12630	115	28	,	,	PUNCT
fbem-12630	115	29	as	as	SCONJ
fbem-12630	115	30	exchange	exchange	NOUN
fbem-12630	115	31	rates	rate	NOUN
fbem-12630	115	32	affect	affect	VERB
fbem-12630	115	33	ofdi	ofdi	NOUN
fbem-12630	115	34	decisions	decision	NOUN
fbem-12630	115	35	while	while	SCONJ
fbem-12630	115	36	large	large	ADJ
fbem-12630	115	37	ofdi	ofdi	NOUN
fbem-12630	115	38	inflows	inflow	NOUN
fbem-12630	115	39	influence	influence	NOUN
fbem-12630	115	40	rmb	rmb	NOUN
fbem-12630	115	41	rates	rate	NOUN
fbem-12630	115	42	.	.	PUNCT
fbem-12630	116	1	to	to	PART
fbem-12630	116	2	address	address	VERB
fbem-12630	116	3	potential	potential	ADJ
fbem-12630	116	4	endogeneity	endogeneity	NOUN
fbem-12630	116	5	,	,	PUNCT
fbem-12630	116	6	two	two	NUM
fbem-12630	116	7	-	-	PUNCT
fbem-12630	116	8	stage	stage	NOUN
fbem-12630	116	9	least	least	ADJ
fbem-12630	116	10	squares	square	NOUN
fbem-12630	116	11	with	with	ADP
fbem-12630	116	12	one	one	NUM
fbem-12630	116	13	-	-	PUNCT
fbem-12630	116	14	year	year	NOUN
fbem-12630	116	15	lagged	lag	VERB
fbem-12630	116	16	exchange	exchange	NOUN
fbem-12630	116	17	rates	rate	NOUN
fbem-12630	116	18	as	as	SCONJ
fbem-12630	116	19	instrumental	instrumental	ADJ
fbem-12630	116	20	variables	variable	NOUN
fbem-12630	116	21	are	be	AUX
fbem-12630	116	22	used	use	VERB
fbem-12630	116	23	.	.	PUNCT
fbem-12630	117	1	columns	column	NOUN
fbem-12630	117	2	1	1	NUM
fbem-12630	117	3	-	-	SYM
fbem-12630	117	4	3	3	NUM
fbem-12630	117	5	show	show	NOUN
fbem-12630	117	6	results	result	NOUN
fbem-12630	117	7	remain	remain	VERB
fbem-12630	117	8	similar	similar	ADJ
fbem-12630	117	9	with	with	ADP
fbem-12630	117	10	lagged	lag	VERB
fbem-12630	117	11	explanatory	explanatory	ADJ
fbem-12630	117	12	variables	variable	NOUN
fbem-12630	117	13	,	,	PUNCT
fbem-12630	117	14	while	while	SCONJ
fbem-12630	117	15	columns	column	NOUN
fbem-12630	117	16	4	4	NUM
fbem-12630	117	17	-	-	SYM
fbem-12630	117	18	5	5	NUM
fbem-12630	117	19	present	present	ADJ
fbem-12630	117	20	twostage	twostage	NOUN
fbem-12630	117	21	least	least	ADJ
fbem-12630	117	22	squares	square	NOUN
fbem-12630	117	23	regression	regression	NOUN
fbem-12630	117	24	results	result	NOUN
fbem-12630	117	25	.	.	PUNCT
fbem-12630	118	1	exchange	exchange	NOUN
fbem-12630	118	2	rate	rate	NOUN
fbem-12630	118	3	variable	variable	ADJ
fbem-12630	118	4	coefficients	coefficient	NOUN
fbem-12630	118	5	remain	remain	VERB
fbem-12630	118	6	significantly	significantly	ADV
fbem-12630	118	7	positive	positive	ADJ
fbem-12630	118	8	at	at	ADP
fbem-12630	118	9	1	1	NUM
fbem-12630	118	10	%	%	NOUN
fbem-12630	118	11	,	,	PUNCT
fbem-12630	118	12	indicating	indicate	VERB
fbem-12630	118	13	regressions	regression	NOUN
fbem-12630	118	14	are	be	AUX
fbem-12630	118	15	robust	robust	ADJ
fbem-12630	118	16	to	to	ADP
fbem-12630	118	17	endogeneity	endogeneity	NOUN
fbem-12630	118	18	concerns	concern	NOUN
fbem-12630	118	19	.	.	PUNCT
fbem-12630	119	1	table	table	NOUN
fbem-12630	119	2	2	2	NUM
fbem-12630	119	3	.	.	PUNCT
fbem-12630	119	4	baseline	baseline	PROPN
fbem-12630	119	5	regression	regression	NOUN
fbem-12630	119	6	results	result	NOUN
fbem-12630	119	7	(	(	PUNCT
fbem-12630	119	8	1	1	NUM
fbem-12630	119	9	)	)	PUNCT
fbem-12630	119	10	(	(	PUNCT
fbem-12630	119	11	2	2	NUM
fbem-12630	119	12	)	)	PUNCT
fbem-12630	119	13	(	(	PUNCT
fbem-12630	119	14	3	3	X
fbem-12630	119	15	)	)	PUNCT
fbem-12630	119	16	(	(	PUNCT
fbem-12630	119	17	4	4	NUM
fbem-12630	119	18	)	)	PUNCT
fbem-12630	119	19	(	(	PUNCT
fbem-12630	119	20	5	5	NUM
fbem-12630	119	21	)	)	PUNCT
fbem-12630	119	22	(	(	PUNCT
fbem-12630	119	23	6	6	NUM
fbem-12630	119	24	)	)	PUNCT
fbem-12630	119	25	(	(	PUNCT
fbem-12630	119	26	7	7	X
fbem-12630	119	27	)	)	PUNCT
fbem-12630	119	28	variables	variable	NOUN
fbem-12630	119	29	lnfdiflow	lnfdiflow	PROPN
fbem-12630	119	30	lnfdiflow	lnfdiflow	PROPN
fbem-12630	119	31	lnfdiflow	lnfdiflow	PROPN
fbem-12630	119	32	lnfdiflow	lnfdiflow	PROPN
fbem-12630	119	33	lnfdiflow	lnfdiflow	PROPN
fbem-12630	119	34	lnfdiflow	lnfdiflow	PROPN
fbem-12630	119	35	lnfdiflow	lnfdiflow	PROPN
fbem-12630	119	36	lnech	lnech	PROPN
fbem-12630	119	37	0.041	0.041	NUM
fbem-12630	119	38	*	*	PUNCT
fbem-12630	120	1	*	*	PUNCT
fbem-12630	120	2	*	*	PUNCT
fbem-12630	120	3	0.075	0.075	NUM
fbem-12630	120	4	*	*	PUNCT
fbem-12630	120	5	*	*	PUNCT
fbem-12630	120	6	*	*	PUNCT
fbem-12630	120	7	0.084	0.084	NUM
fbem-12630	120	8	*	*	PUNCT
fbem-12630	120	9	*	*	PUNCT
fbem-12630	120	10	*	*	PUNCT
fbem-12630	120	11	0.085	0.085	NUM
fbem-12630	120	12	*	*	PUNCT
fbem-12630	120	13	*	*	PUNCT
fbem-12630	120	14	*	*	PUNCT
fbem-12630	120	15	0.092	0.092	NUM
fbem-12630	120	16	*	*	PUNCT
fbem-12630	120	17	*	*	PUNCT
fbem-12630	120	18	*	*	PUNCT
fbem-12630	120	19	0.096	0.096	NUM
fbem-12630	120	20	*	*	PUNCT
fbem-12630	120	21	*	*	PUNCT
fbem-12630	120	22	*	*	PUNCT
fbem-12630	120	23	0.007	0.007	NUM
fbem-12630	120	24	*	*	PUNCT
fbem-12630	120	25	*	*	PUNCT
fbem-12630	120	26	*	*	PUNCT
fbem-12630	120	27	lnex	lnex	ADJ
fbem-12630	120	28	(	(	PUNCT
fbem-12630	120	29	10.57	10.57	NUM
fbem-12630	120	30	)	)	PUNCT
fbem-12630	120	31	(	(	PUNCT
fbem-12630	120	32	11.05	11.05	NUM
fbem-12630	120	33	)	)	PUNCT
fbem-12630	120	34	(	(	PUNCT
fbem-12630	120	35	7.16	7.16	NUM
fbem-12630	120	36	)	)	PUNCT
fbem-12630	120	37	(	(	PUNCT
fbem-12630	120	38	10.18	10.18	NUM
fbem-12630	120	39	)	)	PUNCT
fbem-12630	120	40	(	(	PUNCT
fbem-12630	120	41	6.19	6.19	NUM
fbem-12630	120	42	)	)	PUNCT
fbem-12630	120	43	(	(	PUNCT
fbem-12630	120	44	5.24	5.24	NUM
fbem-12630	120	45	)	)	PUNCT
fbem-12630	120	46	(	(	PUNCT
fbem-12630	120	47	4.03	4.03	NUM
fbem-12630	120	48	)	)	PUNCT
fbem-12630	120	49	0.699	0.699	NUM
fbem-12630	120	50	*	*	PUNCT
fbem-12630	120	51	*	*	PUNCT
fbem-12630	120	52	*	*	PUNCT
fbem-12630	120	53	0.673	0.673	NUM
fbem-12630	120	54	*	*	PUNCT
fbem-12630	120	55	*	*	PUNCT
fbem-12630	120	56	*	*	PUNCT
fbem-12630	120	57	0.703	0.703	NUM
fbem-12630	120	58	*	*	PUNCT
fbem-12630	120	59	*	*	PUNCT
fbem-12630	120	60	*	*	PUNCT
fbem-12630	120	61	0.714	0.714	NUM
fbem-12630	120	62	*	*	PUNCT
fbem-12630	120	63	*	*	PUNCT
fbem-12630	120	64	*	*	PUNCT
fbem-12630	121	1	0.421	0.421	NUM
fbem-12630	121	2	*	*	PUNCT
fbem-12630	121	3	*	*	PUNCT
fbem-12630	121	4	*	*	PUNCT
fbem-12630	121	5	0.421	0.421	NUM
fbem-12630	121	6	*	*	PUNCT
fbem-12630	121	7	*	*	PUNCT
fbem-12630	121	8	*	*	PUNCT
fbem-12630	121	9	lnexxlnech	lnexxlnech	NOUN
fbem-12630	121	10	(	(	PUNCT
fbem-12630	121	11	11.86	11.86	NUM
fbem-12630	121	12	)	)	PUNCT
fbem-12630	121	13	(	(	PUNCT
fbem-12630	121	14	10.46	10.46	NUM
fbem-12630	121	15	)	)	PUNCT
fbem-12630	121	16	(	(	PUNCT
fbem-12630	121	17	10.06	10.06	NUM
fbem-12630	121	18	)	)	PUNCT
fbem-12630	121	19	(	(	PUNCT
fbem-12630	121	20	9.38	9.38	NUM
fbem-12630	121	21	)	)	PUNCT
fbem-12630	121	22	(	(	PUNCT
fbem-12630	121	23	3.06	3.06	NUM
fbem-12630	121	24	)	)	PUNCT
fbem-12630	121	25	(	(	PUNCT
fbem-12630	121	26	3.05	3.05	NUM
fbem-12630	121	27	)	)	PUNCT
fbem-12630	121	28	0.013	0.013	NUM
fbem-12630	121	29	*	*	SYM
fbem-12630	121	30	(	(	PUNCT
fbem-12630	121	31	-5.33	-5.33	NOUN
fbem-12630	121	32	)	)	PUNCT
fbem-12630	121	33	lnavgdp	lnavgdp	NOUN
fbem-12630	121	34	8.193	8.193	NUM
fbem-12630	121	35	*	*	PUNCT
fbem-12630	121	36	*	*	PUNCT
fbem-12630	121	37	*	*	PUNCT
fbem-12630	122	1	13.158	13.158	NUM
fbem-12630	122	2	*	*	PUNCT
fbem-12630	122	3	*	*	PUNCT
fbem-12630	122	4	*	*	PUNCT
fbem-12630	122	5	0.087	0.087	NUM
fbem-12630	122	6	0.074	0.074	NUM
fbem-12630	122	7	0.029	0.029	NUM
fbem-12630	122	8	-0.149	-0.149	PRON
fbem-12630	122	9	-0.148	-0.148	PUNCT
fbem-12630	122	10	lntax	lntax	ADJ
fbem-12630	122	11	(	(	PUNCT
fbem-12630	122	12	0.97	0.97	NUM
fbem-12630	122	13	)	)	PUNCT
fbem-12630	122	14	(	(	PUNCT
fbem-12630	122	15	0.75	0.75	NUM
fbem-12630	122	16	)	)	PUNCT
fbem-12630	122	17	(	(	PUNCT
fbem-12630	122	18	0.28	0.28	NUM
fbem-12630	122	19	)	)	PUNCT
fbem-12630	122	20	(	(	PUNCT
fbem-12630	122	21	-1.22	-1.22	NOUN
fbem-12630	122	22	)	)	PUNCT
fbem-12630	122	23	(	(	PUNCT
fbem-12630	122	24	-1.21	-1.21	ADJ
fbem-12630	122	25	)	)	PUNCT
fbem-12630	122	26	-0.058	-0.058	X
fbem-12630	122	27	-0.095	-0.095	NUM
fbem-12630	122	28	-0.095	-0.095	NUM
fbem-12630	122	29	-0.095	-0.095	NUM
fbem-12630	122	30	lnburning	lnburne	VERB
fbem-12630	122	31	12.220	12.220	NUM
fbem-12630	122	32	*	*	NOUN
fbem-12630	122	33	*	*	PUNCT
fbem-12630	122	34	*	*	PUNCT
fbem-12630	122	35	(	(	PUNCT
fbem-12630	122	36	-0.75	-0.75	NUM
fbem-12630	122	37	)	)	PUNCT
fbem-12630	122	38	(	(	PUNCT
fbem-12630	122	39	-1.13	-1.13	NOUN
fbem-12630	122	40	)	)	PUNCT
fbem-12630	122	41	(	(	PUNCT
fbem-12630	122	42	-1.12	-1.12	NOUN
fbem-12630	122	43	)	)	PUNCT
fbem-12630	122	44	(	(	PUNCT
fbem-12630	122	45	-1.12	-1.12	NOUN
fbem-12630	122	46	)	)	PUNCT
fbem-12630	122	47	-0.006	-0.006	X
fbem-12630	122	48	-0.008	-0.008	NOUN
fbem-12630	122	49	-0.007	-0.007	X
fbem-12630	122	50	(	(	PUNCT
fbem-12630	122	51	-0.20	-0.20	NOUN
fbem-12630	122	52	)	)	PUNCT
fbem-12630	122	53	(	(	PUNCT
fbem-12630	122	54	-0.25	-0.25	NUM
fbem-12630	122	55	)	)	PUNCT
fbem-12630	122	56	(	(	PUNCT
fbem-12630	122	57	-0.22	-0.22	NOUN
fbem-12630	122	58	)	)	PUNCT
fbem-12630	122	59	lnstone	lnstone	NOUN
fbem-12630	122	60	-0.118	-0.118	PROPN
fbem-12630	122	61	*	*	PUNCT
fbem-12630	122	62	-0.119	-0.119	PUNCT
fbem-12630	122	63	*	*	PUNCT
fbem-12630	123	1	12.534	12.534	NUM
fbem-12630	123	2	*	*	PUNCT
fbem-12630	123	3	*	*	PUNCT
fbem-12630	123	4	*	*	PUNCT
fbem-12630	123	5	(	(	PUNCT
fbem-12630	123	6	-1.91	-1.91	NUM
fbem-12630	123	7	)	)	PUNCT
fbem-12630	123	8	(	(	PUNCT
fbem-12630	123	9	-1.92	-1.92	NOUN
fbem-12630	123	10	)	)	PUNCT
fbem-12630	123	11	lngdp	lngdp	NOUN
fbem-12630	123	12	13.016	13.016	NUM
fbem-12630	123	13	*	*	PUNCT
fbem-12630	123	14	*	*	PUNCT
fbem-12630	123	15	*	*	PUNCT
fbem-12630	123	16	0.406	0.406	NUM
fbem-12630	123	17	*	*	X
fbem-12630	123	18	*	*	PUNCT
fbem-12630	123	19	0.406	0.406	NUM
fbem-12630	123	20	*	*	NOUN
fbem-12630	123	21	*	*	PUNCT
fbem-12630	123	22	(	(	PUNCT
fbem-12630	123	23	2.56	2.56	NUM
fbem-12630	123	24	)	)	PUNCT
fbem-12630	123	25	(	(	PUNCT
fbem-12630	123	26	2.55	2.55	NUM
fbem-12630	123	27	)	)	PUNCT
fbem-12630	123	28	constant	constant	ADJ
fbem-12630	123	29	2.599	2.599	NUM
fbem-12630	123	30	2.585	2.585	NUM
fbem-12630	123	31	observations	observation	NOUN
fbem-12630	123	32	(	(	PUNCT
fbem-12630	123	33	41.08	41.08	NUM
fbem-12630	123	34	)	)	PUNCT
fbem-12630	123	35	(	(	PUNCT
fbem-12630	123	36	29.98	29.98	NUM
fbem-12630	123	37	)	)	PUNCT
fbem-12630	123	38	(	(	PUNCT
fbem-12630	123	39	11.70	11.70	NUM
fbem-12630	123	40	)	)	PUNCT
fbem-12630	123	41	(	(	PUNCT
fbem-12630	123	42	10.80	10.80	NUM
fbem-12630	123	43	)	)	PUNCT
fbem-12630	123	44	(	(	PUNCT
fbem-12630	123	45	10.67	10.67	NUM
fbem-12630	123	46	)	)	PUNCT
fbem-12630	123	47	(	(	PUNCT
fbem-12630	123	48	0.60	0.60	NUM
fbem-12630	123	49	)	)	PUNCT
fbem-12630	123	50	(	(	PUNCT
fbem-12630	123	51	0.59	0.59	NUM
fbem-12630	123	52	)	)	PUNCT
fbem-12630	123	53	1,097	1,097	NUM
fbem-12630	123	54	1,097	1,097	NUM
fbem-12630	123	55	1,088	1,088	NUM
fbem-12630	123	56	1,010	1,010	NUM
fbem-12630	123	57	892	892	NUM
fbem-12630	123	58	879	879	NUM
fbem-12630	123	59	879	879	NUM
fbem-12630	123	60	number	number	NOUN
fbem-12630	123	61	of	of	ADP
fbem-12630	123	62	country	country	NOUN
fbem-12630	123	63	123	123	NUM
fbem-12630	123	64	123	123	NUM
fbem-12630	123	65	122	122	NUM
fbem-12630	123	66	115	115	NUM
fbem-12630	123	67	105	105	NUM
fbem-12630	123	68	105	105	NUM
fbem-12630	123	69	105	105	NUM
fbem-12630	123	70	although	although	SCONJ
fbem-12630	123	71	baseline	baseline	ADJ
fbem-12630	123	72	regressions	regression	NOUN
fbem-12630	123	73	control	control	VERB
fbem-12630	123	74	many	many	ADJ
fbem-12630	123	75	characteristics	characteristic	NOUN
fbem-12630	123	76	,	,	PUNCT
fbem-12630	123	77	endogeneity	endogeneity	NOUN
fbem-12630	123	78	may	may	AUX
fbem-12630	123	79	still	still	ADV
fbem-12630	123	80	exist	exist	VERB
fbem-12630	123	81	between	between	ADP
fbem-12630	123	82	exchange	exchange	NOUN
fbem-12630	123	83	rates	rate	NOUN
fbem-12630	123	84	and	and	CCONJ
fbem-12630	123	85	fdi	fdi	PROPN
fbem-12630	123	86	.	.	PUNCT
fbem-12630	124	1	columns	column	NOUN
fbem-12630	124	2	1	1	NUM
fbem-12630	124	3	-	-	SYM
fbem-12630	124	4	3	3	NUM
fbem-12630	124	5	incorporate	incorporate	VERB
fbem-12630	124	6	one	one	NUM
fbem-12630	124	7	-	-	PUNCT
fbem-12630	124	8	year	year	NOUN
fbem-12630	124	9	lagged	lag	VERB
fbem-12630	124	10	exchange	exchange	NOUN
fbem-12630	124	11	rates	rate	NOUN
fbem-12630	124	12	,	,	PUNCT
fbem-12630	124	13	while	while	SCONJ
fbem-12630	124	14	columns	column	NOUN
fbem-12630	124	15	4	4	NUM
fbem-12630	124	16	-	-	SYM
fbem-12630	124	17	5	5	NUM
fbem-12630	124	18	present	present	ADJ
fbem-12630	124	19	two	two	NUM
fbem-12630	124	20	-	-	PUNCT
fbem-12630	124	21	stage	stage	NOUN
fbem-12630	124	22	least	least	ADJ
fbem-12630	124	23	squares	square	NOUN
fbem-12630	124	24	results	result	NOUN
fbem-12630	124	25	.	.	PUNCT
fbem-12630	125	1	the	the	DET
fbem-12630	125	2	exchange	exchange	NOUN
fbem-12630	125	3	rate	rate	NOUN
fbem-12630	125	4	variable	variable	ADJ
fbem-12630	125	5	coefficients	coefficient	NOUN
fbem-12630	125	6	remain	remain	VERB
fbem-12630	125	7	significantly	significantly	ADV
fbem-12630	125	8	positive	positive	ADJ
fbem-12630	125	9	at	at	ADP
fbem-12630	125	10	1	1	NUM
fbem-12630	125	11	%	%	NOUN
fbem-12630	125	12	,	,	PUNCT
fbem-12630	125	13	indicating	indicate	VERB
fbem-12630	125	14	results	result	NOUN
fbem-12630	125	15	are	be	AUX
fbem-12630	125	16	robust	robust	ADJ
fbem-12630	125	17	to	to	ADP
fbem-12630	125	18	endogeneity	endogeneity	NOUN
fbem-12630	125	19	concerns	concern	NOUN
fbem-12630	125	20	.	.	PUNCT
fbem-12630	126	1	table	table	NOUN
fbem-12630	126	2	3	3	NUM
fbem-12630	126	3	.	.	PUNCT
fbem-12630	127	1	robustness	robustness	NOUN
fbem-12630	127	2	checks	check	NOUN
fbem-12630	127	3	(	(	PUNCT
fbem-12630	127	4	1	1	NUM
fbem-12630	127	5	)	)	PUNCT
fbem-12630	127	6	(	(	PUNCT
fbem-12630	127	7	2	2	NUM
fbem-12630	127	8	)	)	PUNCT
fbem-12630	127	9	(	(	PUNCT
fbem-12630	127	10	3	3	X
fbem-12630	127	11	)	)	PUNCT
fbem-12630	127	12	(	(	PUNCT
fbem-12630	127	13	4	4	NUM
fbem-12630	127	14	)	)	PUNCT
fbem-12630	127	15	(	(	PUNCT
fbem-12630	127	16	5	5	X
fbem-12630	127	17	)	)	PUNCT
fbem-12630	127	18	variables	variable	NOUN
fbem-12630	127	19	y	y	PROPN
fbem-12630	127	20	lnfdiflow	lnfdiflow	PROPN
fbem-12630	127	21	lnfdiflow	lnfdiflow	PROPN
fbem-12630	127	22	lnfdiflow	lnfdiflow	PROPN
fbem-12630	127	23	lnfdiflow	lnfdiflow	PROPN
fbem-12630	127	24	lnech	lnech	PROPN
fbem-12630	127	25	-0.231	-0.231	NUM
fbem-12630	127	26	*	*	PUNCT
fbem-12630	127	27	*	*	PUNCT
fbem-12630	127	28	*	*	PUNCT
fbem-12630	127	29	0.026	0.026	NUM
fbem-12630	127	30	*	*	PUNCT
fbem-12630	127	31	*	*	PUNCT
fbem-12630	127	32	*	*	PUNCT
fbem-12630	127	33	0.173	0.173	NUM
fbem-12630	127	34	*	*	PUNCT
fbem-12630	127	35	*	*	PUNCT
fbem-12630	127	36	*	*	PUNCT
fbem-12630	127	37	0.402	0.402	NUM
fbem-12630	127	38	*	*	PUNCT
fbem-12630	127	39	*	*	PUNCT
fbem-12630	127	40	*	*	PUNCT
fbem-12630	127	41	lnex	lnex	ADJ
fbem-12630	127	42	(	(	PUNCT
fbem-12630	127	43	-10.82	-10.82	PROPN
fbem-12630	127	44	)	)	PUNCT
fbem-12630	127	45	(	(	PUNCT
fbem-12630	127	46	4.32	4.32	NUM
fbem-12630	127	47	)	)	PUNCT
fbem-12630	127	48	(	(	PUNCT
fbem-12630	127	49	7.54	7.54	NUM
fbem-12630	127	50	)	)	PUNCT
fbem-12630	127	51	(	(	PUNCT
fbem-12630	127	52	5.22	5.22	NUM
fbem-12630	127	53	)	)	PUNCT
fbem-12630	127	54	0.746	0.746	NOUN
fbem-12630	127	55	*	*	PUNCT
fbem-12630	127	56	*	*	PUNCT
fbem-12630	127	57	*	*	PUNCT
fbem-12630	127	58	0.784	0.784	NUM
fbem-12630	127	59	*	*	PUNCT
fbem-12630	127	60	*	*	PUNCT
fbem-12630	127	61	*	*	PUNCT
fbem-12630	127	62	0.780	0.780	NUM
fbem-12630	127	63	*	*	PUNCT
fbem-12630	127	64	*	*	PUNCT
fbem-12630	127	65	*	*	PUNCT
fbem-12630	127	66	l1lnech	l1lnech	NOUN
fbem-12630	127	67	(	(	PUNCT
fbem-12630	127	68	12.31	12.31	NUM
fbem-12630	127	69	)	)	PUNCT
fbem-12630	127	70	(	(	PUNCT
fbem-12630	127	71	27.19	27.19	NUM
fbem-12630	127	72	)	)	PUNCT
fbem-12630	127	73	(	(	PUNCT
fbem-12630	127	74	18.60	18.60	NUM
fbem-12630	127	75	)	)	PUNCT
fbem-12630	127	76	0.017	0.017	NUM
fbem-12630	127	77	-0.013	-0.013	PUNCT
fbem-12630	127	78	-0.016	-0.016	PUNCT
fbem-12630	127	79	lnexxlnech	lnexxlnech	VERB
fbem-12630	127	80	(	(	PUNCT
fbem-12630	127	81	0.22	0.22	NUM
fbem-12630	127	82	)	)	PUNCT
fbem-12630	127	83	(	(	PUNCT
fbem-12630	127	84	-0.17	-0.17	NOUN
fbem-12630	127	85	)	)	PUNCT
fbem-12630	127	86	(	(	PUNCT
fbem-12630	127	87	-0.20	-0.20	NUM
fbem-12630	127	88	)	)	PUNCT
fbem-12630	127	89	13.785	13.785	NUM
fbem-12630	127	90	*	*	PUNCT
fbem-12630	127	91	*	*	PUNCT
fbem-12630	128	1	*	*	PUNCT
fbem-12630	128	2	0.031	0.031	NUM
fbem-12630	128	3	-0.043	-0.043	X
fbem-12630	128	4	(	(	PUNCT
fbem-12630	128	5	-1.12	-1.12	NOUN
fbem-12630	128	6	)	)	PUNCT
fbem-12630	128	7	(	(	PUNCT
fbem-12630	128	8	0.13	0.13	NUM
fbem-12630	128	9	)	)	PUNCT
fbem-12630	128	10	constant	constant	ADJ
fbem-12630	128	11	13.516	13.516	NUM
fbem-12630	128	12	*	*	PUNCT
fbem-12630	128	13	*	*	PUNCT
fbem-12630	128	14	*	*	PUNCT
fbem-12630	128	15	8.251	8.251	NUM
fbem-12630	128	16	*	*	PUNCT
fbem-12630	128	17	*	*	PUNCT
fbem-12630	128	18	*	*	NOUN
fbem-12630	128	19	8.242	8.242	NUM
fbem-12630	128	20	*	*	PUNCT
fbem-12630	128	21	*	*	PUNCT
fbem-12630	128	22	*	*	PUNCT
fbem-12630	128	23	13.757	13.757	NUM
fbem-12630	128	24	*	*	PUNCT
fbem-12630	128	25	*	*	PUNCT
fbem-12630	128	26	*	*	VERB
fbem-12630	128	27	observations	observation	NOUN
fbem-12630	128	28	(	(	PUNCT
fbem-12630	128	29	30.16	30.16	NUM
fbem-12630	128	30	)	)	PUNCT
fbem-12630	128	31	(	(	PUNCT
fbem-12630	128	32	41.17	41.17	NUM
fbem-12630	128	33	)	)	PUNCT
fbem-12630	128	34	(	(	PUNCT
fbem-12630	128	35	40.77	40.77	NUM
fbem-12630	128	36	)	)	PUNCT
fbem-12630	128	37	(	(	PUNCT
fbem-12630	128	38	65.63	65.63	NUM
fbem-12630	128	39	)	)	PUNCT
fbem-12630	128	40	(	(	PUNCT
fbem-12630	128	41	45.60	45.60	NUM
fbem-12630	128	42	)	)	PUNCT
fbem-12630	128	43	976	976	NUM
fbem-12630	128	44	977	977	NUM
fbem-12630	128	45	976	976	NUM
fbem-12630	128	46	976	976	NUM
fbem-12630	128	47	976	976	NUM
fbem-12630	128	48	r	r	NOUN
fbem-12630	128	49	-	-	PUNCT
fbem-12630	128	50	squared	square	VERB
fbem-12630	128	51	123	123	NUM
fbem-12630	128	52	123	123	NUM
fbem-12630	128	53	123	123	NUM
fbem-12630	128	54	0.435	0.435	NUM
fbem-12630	128	55	0.434	0.434	NUM
fbem-12630	128	56	number	number	NOUN
fbem-12630	128	57	of	of	ADP
fbem-12630	128	58	country	country	NOUN
fbem-12630	128	59	6	6	NUM
fbem-12630	128	60	.	.	PUNCT
fbem-12630	129	1	conclusions	conclusion	NOUN
fbem-12630	129	2	and	and	CCONJ
fbem-12630	129	3	policy	policy	NOUN
fbem-12630	129	4	implications	implication	NOUN
fbem-12630	129	5	a	a	DET
fbem-12630	129	6	theoretical	theoretical	ADJ
fbem-12630	129	7	model	model	NOUN
fbem-12630	129	8	first	first	ADV
fbem-12630	129	9	shows	show	VERB
fbem-12630	129	10	rmb	rmb	PROPN
fbem-12630	129	11	appreciation	appreciation	NOUN
fbem-12630	129	12	promotes	promote	VERB
fbem-12630	129	13	ofdi	ofdi	ADV
fbem-12630	129	14	,	,	PUNCT
fbem-12630	129	15	with	with	ADP
fbem-12630	129	16	stronger	strong	ADJ
fbem-12630	129	17	effects	effect	NOUN
fbem-12630	129	18	via	via	ADP
fbem-12630	129	19	host	host	NOUN
fbem-12630	129	20	country	country	NOUN
fbem-12630	129	21	export	export	NOUN
fbem-12630	129	22	shares	share	NOUN
fbem-12630	129	23	.	.	PUNCT
fbem-12630	130	1	empirical	empirical	ADJ
fbem-12630	130	2	analysis	analysis	NOUN
fbem-12630	130	3	of	of	ADP
fbem-12630	130	4	china	china	PROPN
fbem-12630	130	5	's	's	PART
fbem-12630	130	6	2012	2012	NUM
fbem-12630	130	7	-	-	SYM
fbem-12630	130	8	2020	2020	NUM
fbem-12630	130	9	ofdi	ofdi	NOUN
fbem-12630	130	10	to	to	ADP
fbem-12630	130	11	124	124	NUM
fbem-12630	130	12	countries	country	NOUN
fbem-12630	130	13	confirms	confirm	VERB
fbem-12630	130	14	:	:	PUNCT
fbem-12630	130	15	326	326	NUM
fbem-12630	130	16	first	first	ADJ
fbem-12630	130	17	,	,	PUNCT
fbem-12630	130	18	rmb	rmb	NOUN
fbem-12630	130	19	appreciation	appreciation	NOUN
fbem-12630	130	20	significantly	significantly	ADV
fbem-12630	130	21	increased	increase	VERB
fbem-12630	130	22	china	china	PROPN
fbem-12630	130	23	's	's	PART
fbem-12630	130	24	ofdi	ofdi	NOUN
fbem-12630	130	25	,	,	PUNCT
fbem-12630	130	26	especially	especially	ADV
fbem-12630	130	27	to	to	ADP
fbem-12630	130	28	countries	country	NOUN
fbem-12630	130	29	comprising	comprise	VERB
fbem-12630	130	30	higher	high	ADJ
fbem-12630	130	31	shares	share	NOUN
fbem-12630	130	32	of	of	ADP
fbem-12630	130	33	china	china	PROPN
fbem-12630	130	34	's	's	PART
fbem-12630	130	35	exports	export	NOUN
fbem-12630	130	36	,	,	PUNCT
fbem-12630	130	37	with	with	ADP
fbem-12630	130	38	complementary	complementary	ADJ
fbem-12630	130	39	export	export	NOUN
fbem-12630	130	40	-	-	PUNCT
fbem-12630	130	41	fdi	fdi	NOUN
fbem-12630	130	42	effects	effect	NOUN
fbem-12630	130	43	.	.	PUNCT
fbem-12630	131	1	as	as	SCONJ
fbem-12630	131	2	the	the	DET
fbem-12630	131	3	belt	belt	NOUN
fbem-12630	131	4	and	and	CCONJ
fbem-12630	131	5	road	road	NOUN
fbem-12630	131	6	initiative	initiative	NOUN
fbem-12630	131	7	progresses	progress	NOUN
fbem-12630	131	8	,	,	PUNCT
fbem-12630	131	9	accelerating	accelerate	VERB
fbem-12630	131	10	china	china	PROPN
fbem-12630	131	11	's	's	PART
fbem-12630	131	12	"	"	PUNCT
fbem-12630	131	13	going	go	VERB
fbem-12630	131	14	out	out	ADP
fbem-12630	131	15	"	"	PUNCT
fbem-12630	131	16	strategy	strategy	NOUN
fbem-12630	131	17	is	be	AUX
fbem-12630	131	18	crucial	crucial	ADJ
fbem-12630	131	19	,	,	PUNCT
fbem-12630	131	20	requiring	require	VERB
fbem-12630	131	21	optimized	optimize	VERB
fbem-12630	131	22	openness	openness	NOUN
fbem-12630	131	23	structure	structure	NOUN
fbem-12630	131	24	and	and	CCONJ
fbem-12630	131	25	layout	layout	NOUN
fbem-12630	131	26	and	and	CCONJ
fbem-12630	131	27	faster	fast	ADJ
fbem-12630	131	28	rmb	rmb	NOUN
fbem-12630	131	29	internationalization	internationalization	NOUN
fbem-12630	131	30	.	.	PUNCT
fbem-12630	132	1	china	china	PROPN
fbem-12630	132	2	's	's	PART
fbem-12630	132	3	"	"	PUNCT
fbem-12630	132	4	going	go	VERB
fbem-12630	132	5	out	out	ADV
fbem-12630	132	6	"	"	PUNCT
fbem-12630	132	7	faces	face	VERB
fbem-12630	132	8	new	new	ADJ
fbem-12630	132	9	opportunities	opportunity	NOUN
fbem-12630	132	10	and	and	CCONJ
fbem-12630	132	11	challenges	challenge	NOUN
fbem-12630	132	12	.	.	PUNCT
fbem-12630	133	1	empirical	empirical	ADJ
fbem-12630	133	2	results	result	NOUN
fbem-12630	133	3	show	show	VERB
fbem-12630	133	4	complementary	complementary	ADJ
fbem-12630	133	5	fdi	fdi	NOUN
fbem-12630	133	6	-	-	PUNCT
fbem-12630	133	7	trade	trade	NOUN
fbem-12630	133	8	effects	effect	NOUN
fbem-12630	133	9	,	,	PUNCT
fbem-12630	133	10	so	so	ADV
fbem-12630	133	11	strengthening	strengthen	VERB
fbem-12630	133	12	ofdi	ofdi	NOUN
fbem-12630	133	13	can	can	AUX
fbem-12630	133	14	improve	improve	VERB
fbem-12630	133	15	china	china	PROPN
fbem-12630	133	16	's	's	PART
fbem-12630	133	17	international	international	ADJ
fbem-12630	133	18	trade	trade	NOUN
fbem-12630	133	19	and	and	CCONJ
fbem-12630	133	20	economic	economic	ADJ
fbem-12630	133	21	globalization	globalization	NOUN
fbem-12630	133	22	participation	participation	NOUN
fbem-12630	133	23	.	.	PUNCT
fbem-12630	134	1	second	second	ADJ
fbem-12630	134	2	,	,	PUNCT
fbem-12630	134	3	since	since	SCONJ
fbem-12630	134	4	ofdi	ofdi	NOUN
fbem-12630	134	5	significantly	significantly	ADV
fbem-12630	134	6	promotes	promote	VERB
fbem-12630	134	7	china	china	PROPN
fbem-12630	134	8	's	's	PART
fbem-12630	134	9	exports	export	NOUN
fbem-12630	134	10	,	,	PUNCT
fbem-12630	134	11	especially	especially	ADV
fbem-12630	134	12	net	net	ADJ
fbem-12630	134	13	exports	export	NOUN
fbem-12630	134	14	,	,	PUNCT
fbem-12630	134	15	ofdi	ofdi	NOUN
fbem-12630	134	16	can	can	AUX
fbem-12630	134	17	directly	directly	ADV
fbem-12630	134	18	absorb	absorb	VERB
fbem-12630	134	19	domestic	domestic	ADJ
fbem-12630	134	20	overcapacity	overcapacity	NOUN
fbem-12630	134	21	and	and	CCONJ
fbem-12630	134	22	,	,	PUNCT
fbem-12630	134	23	by	by	ADP
fbem-12630	134	24	increasing	increase	VERB
fbem-12630	134	25	net	net	ADJ
fbem-12630	134	26	exports	export	NOUN
fbem-12630	134	27	,	,	PUNCT
fbem-12630	134	28	address	address	VERB
fbem-12630	134	29	insufficient	insufficient	ADJ
fbem-12630	134	30	domestic	domestic	ADJ
fbem-12630	134	31	demand	demand	NOUN
fbem-12630	134	32	causing	cause	VERB
fbem-12630	134	33	overcapacity	overcapacity	NOUN
fbem-12630	134	34	.	.	PUNCT
fbem-12630	135	1	thus	thus	ADV
fbem-12630	135	2	,	,	PUNCT
fbem-12630	135	3	promoting	promote	VERB
fbem-12630	135	4	ofdi	ofdi	NOUN
fbem-12630	135	5	provides	provide	VERB
fbem-12630	135	6	a	a	DET
fbem-12630	135	7	solution	solution	NOUN
fbem-12630	135	8	for	for	ADP
fbem-12630	135	9	production	production	NOUN
fbem-12630	135	10	overcapacity	overcapacity	NOUN
fbem-12630	135	11	,	,	PUNCT
fbem-12630	135	12	weakening	weaken	VERB
fbem-12630	135	13	export	export	NOUN
fbem-12630	135	14	growth	growth	NOUN
fbem-12630	135	15	,	,	PUNCT
fbem-12630	135	16	and	and	CCONJ
fbem-12630	135	17	downward	downward	ADJ
fbem-12630	135	18	economic	economic	ADJ
fbem-12630	135	19	pressure	pressure	NOUN
fbem-12630	135	20	in	in	ADP
fbem-12630	135	21	china	china	PROPN
fbem-12630	135	22	,	,	PUNCT
fbem-12630	135	23	while	while	SCONJ
fbem-12630	135	24	benefiting	benefit	VERB
fbem-12630	135	25	industrial	industrial	ADJ
fbem-12630	135	26	upgrading	upgrading	NOUN
fbem-12630	135	27	and	and	CCONJ
fbem-12630	135	28	economic	economic	ADJ
fbem-12630	135	29	growth	growth	NOUN
fbem-12630	135	30	through	through	ADP
fbem-12630	135	31	production	production	NOUN
fbem-12630	135	32	and	and	CCONJ
fbem-12630	135	33	export	export	NOUN
fbem-12630	135	34	improvements	improvement	NOUN
fbem-12630	135	35	.	.	PUNCT
fbem-12630	136	1	whether	whether	SCONJ
fbem-12630	136	2	fdi	fdi	NOUN
fbem-12630	136	3	-	-	PUNCT
fbem-12630	136	4	export	export	NOUN
fbem-12630	136	5	complementarity	complementarity	NOUN
fbem-12630	136	6	holds	hold	VERB
fbem-12630	136	7	globally	globally	ADV
fbem-12630	136	8	merits	merit	VERB
fbem-12630	136	9	further	further	ADJ
fbem-12630	136	10	discussion	discussion	NOUN
fbem-12630	136	11	.	.	PUNCT
fbem-12630	137	1	theories	theory	NOUN
fbem-12630	137	2	suggest	suggest	VERB
fbem-12630	137	3	complementarity	complementarity	NOUN
fbem-12630	137	4	arises	arise	VERB
fbem-12630	137	5	mainly	mainly	ADV
fbem-12630	137	6	from	from	ADP
fbem-12630	137	7	technology	technology	NOUN
fbem-12630	137	8	spillovers	spillover	NOUN
fbem-12630	137	9	and	and	CCONJ
fbem-12630	137	10	market	market	NOUN
fbem-12630	137	11	expansion	expansion	NOUN
fbem-12630	137	12	effects	effect	NOUN
fbem-12630	137	13	,	,	PUNCT
fbem-12630	137	14	while	while	SCONJ
fbem-12630	137	15	fdi	fdi	NOUN
fbem-12630	137	16	for	for	ADP
fbem-12630	137	17	low	low	ADJ
fbem-12630	137	18	input	input	NOUN
fbem-12630	137	19	costs	cost	NOUN
fbem-12630	137	20	in	in	ADP
fbem-12630	137	21	host	host	NOUN
fbem-12630	137	22	countries	country	NOUN
fbem-12630	137	23	more	more	ADV
fbem-12630	137	24	likely	likely	ADJ
fbem-12630	137	25	substitutes	substitute	NOUN
fbem-12630	137	26	for	for	ADP
fbem-12630	137	27	exports	export	NOUN
fbem-12630	137	28	.	.	PUNCT
fbem-12630	138	1	different	different	ADJ
fbem-12630	138	2	countries	country	NOUN
fbem-12630	138	3	face	face	VERB
fbem-12630	138	4	varying	vary	VERB
fbem-12630	138	5	situations	situation	NOUN
fbem-12630	138	6	requiring	require	VERB
fbem-12630	138	7	empirical	empirical	ADJ
fbem-12630	138	8	analysis	analysis	NOUN
fbem-12630	138	9	.	.	PUNCT
fbem-12630	139	1	for	for	ADP
fbem-12630	139	2	china	china	PROPN
fbem-12630	139	3	,	,	PUNCT
fbem-12630	139	4	fdi	fdi	NOUN
fbem-12630	139	5	-	-	PUNCT
fbem-12630	139	6	export	export	NOUN
fbem-12630	139	7	relations	relation	NOUN
fbem-12630	139	8	may	may	AUX
fbem-12630	139	9	also	also	ADV
fbem-12630	139	10	evolve	evolve	VERB
fbem-12630	139	11	as	as	SCONJ
fbem-12630	139	12	rising	rise	VERB
fbem-12630	139	13	domestic	domestic	ADJ
fbem-12630	139	14	costs	cost	NOUN
fbem-12630	139	15	drive	drive	VERB
fbem-12630	139	16	more	more	ADJ
fbem-12630	139	17	fdi	fdi	NOUN
fbem-12630	139	18	for	for	ADP
fbem-12630	139	19	lower	low	ADJ
fbem-12630	139	20	host	host	NOUN
fbem-12630	139	21	country	country	NOUN
fbem-12630	139	22	costs	cost	NOUN
fbem-12630	139	23	,	,	PUNCT
fbem-12630	139	24	increasingly	increasingly	ADV
fbem-12630	139	25	substituting	substitute	VERB
fbem-12630	139	26	for	for	ADP
fbem-12630	139	27	exports	export	NOUN
fbem-12630	139	28	.	.	PUNCT
fbem-12630	140	1	despite	despite	SCONJ
fbem-12630	140	2	possible	possible	ADJ
fbem-12630	140	3	increases	increase	NOUN
fbem-12630	140	4	in	in	ADP
fbem-12630	140	5	host	host	NOUN
fbem-12630	140	6	country	country	NOUN
fbem-12630	140	7	intermediate	intermediate	ADJ
fbem-12630	140	8	input	input	NOUN
fbem-12630	140	9	imports	import	NOUN
fbem-12630	140	10	,	,	PUNCT
fbem-12630	140	11	the	the	DET
fbem-12630	140	12	total	total	ADJ
fbem-12630	140	13	impact	impact	NOUN
fbem-12630	140	14	on	on	ADP
fbem-12630	140	15	exports	export	NOUN
fbem-12630	140	16	becomes	become	VERB
fbem-12630	140	17	ambiguous	ambiguous	ADJ
fbem-12630	140	18	.	.	PUNCT
fbem-12630	141	1	rmb	rmb	NOUN
fbem-12630	141	2	appreciation	appreciation	NOUN
fbem-12630	141	3	,	,	PUNCT
fbem-12630	141	4	while	while	SCONJ
fbem-12630	141	5	hurting	hurt	VERB
fbem-12630	141	6	exports	export	NOUN
fbem-12630	141	7	,	,	PUNCT
fbem-12630	141	8	can	can	AUX
fbem-12630	141	9	increase	increase	VERB
fbem-12630	141	10	china	china	PROPN
fbem-12630	141	11	's	's	PART
fbem-12630	141	12	ofdi	ofdi	NOUN
fbem-12630	141	13	,	,	PUNCT
fbem-12630	141	14	especially	especially	ADV
fbem-12630	141	15	for	for	ADP
fbem-12630	141	16	countries	country	NOUN
fbem-12630	141	17	comprising	comprise	VERB
fbem-12630	141	18	higher	high	ADJ
fbem-12630	141	19	chinese	chinese	ADJ
fbem-12630	141	20	export	export	NOUN
fbem-12630	141	21	shares	share	NOUN
fbem-12630	141	22	.	.	PUNCT
fbem-12630	142	1	therefore	therefore	ADV
fbem-12630	142	2	,	,	PUNCT
fbem-12630	142	3	exchange	exchange	NOUN
fbem-12630	142	4	rate	rate	NOUN
fbem-12630	142	5	impacts	impact	NOUN
fbem-12630	142	6	on	on	ADP
fbem-12630	142	7	exports	export	NOUN
fbem-12630	142	8	and	and	CCONJ
fbem-12630	142	9	fdi	fdi	NOUN
fbem-12630	142	10	should	should	AUX
fbem-12630	142	11	be	be	AUX
fbem-12630	142	12	jointly	jointly	ADV
fbem-12630	142	13	considered	consider	VERB
fbem-12630	142	14	,	,	PUNCT
fbem-12630	142	15	with	with	ADP
fbem-12630	142	16	coordinated	coordinated	ADJ
fbem-12630	142	17	exchange	exchange	NOUN
fbem-12630	142	18	rate	rate	NOUN
fbem-12630	142	19	policies	policy	NOUN
fbem-12630	142	20	.	.	PUNCT
fbem-12630	143	1	for	for	ADP
fbem-12630	143	2	countries	country	NOUN
fbem-12630	143	3	with	with	ADP
fbem-12630	143	4	close	close	PROPN
fbem-12630	143	5	china	china	PROPN
fbem-12630	143	6	trade	trade	NOUN
fbem-12630	143	7	ties	tie	NOUN
fbem-12630	143	8	,	,	PUNCT
fbem-12630	143	9	bilateral	bilateral	ADJ
fbem-12630	143	10	rate	rate	NOUN
fbem-12630	143	11	changes	change	NOUN
fbem-12630	143	12	doubly	doubly	ADV
fbem-12630	143	13	amplify	amplify	VERB
fbem-12630	143	14	investment	investment	NOUN
fbem-12630	143	15	impacts	impact	NOUN
fbem-12630	143	16	,	,	PUNCT
fbem-12630	143	17	requiring	require	VERB
fbem-12630	143	18	particular	particular	ADJ
fbem-12630	143	19	policy	policy	NOUN
fbem-12630	143	20	attention	attention	NOUN
fbem-12630	143	21	.	.	PUNCT
fbem-12630	144	1	more	more	ADJ
fbem-12630	144	2	exchange	exchange	NOUN
fbem-12630	144	3	rate	rate	NOUN
fbem-12630	144	4	marketization	marketization	NOUN
fbem-12630	144	5	is	be	AUX
fbem-12630	144	6	needed	need	VERB
fbem-12630	144	7	,	,	PUNCT
fbem-12630	144	8	with	with	SCONJ
fbem-12630	144	9	financial	financial	ADJ
fbem-12630	144	10	products	product	NOUN
fbem-12630	144	11	developed	develop	VERB
fbem-12630	144	12	to	to	PART
fbem-12630	144	13	mitigate	mitigate	VERB
fbem-12630	144	14	volatility	volatility	NOUN
fbem-12630	144	15	's	's	PART
fbem-12630	144	16	negative	negative	ADJ
fbem-12630	144	17	fdi	fdi	NOUN
fbem-12630	144	18	effects	effect	NOUN
fbem-12630	144	19	.	.	PUNCT
fbem-12630	145	1	references	reference	NOUN
fbem-12630	145	2	[	[	X
fbem-12630	145	3	1	1	NUM
fbem-12630	145	4	]	]	SYM
fbem-12630	145	5	froot	froot	NOUN
fbem-12630	145	6	,	,	PUNCT
fbem-12630	145	7	k.	k.	PROPN
fbem-12630	145	8	a.	a.	PROPN
fbem-12630	145	9	,	,	PUNCT
fbem-12630	145	10	scharfstein	scharfstein	PROPN
fbem-12630	145	11	d.	d.	PROPN
fbem-12630	145	12	s.	s.	PROPN
fbem-12630	145	13	,	,	PUNCT
fbem-12630	145	14	&	&	CCONJ
fbem-12630	145	15	stein	stein	PROPN
fbem-12630	145	16	j.	j.	PROPN
fbem-12630	145	17	c.	c.	PROPN
fbem-12630	145	18	"	"	PUNCT
fbem-12630	145	19	risk	risk	NOUN
fbem-12630	145	20	management	management	NOUN
fbem-12630	145	21	:	:	PUNCT
fbem-12630	145	22	coordinating	coordinate	VERB
fbem-12630	145	23	corporate	corporate	ADJ
fbem-12630	145	24	investment	investment	NOUN
fbem-12630	145	25	and	and	CCONJ
fbem-12630	145	26	financing	financing	NOUN
fbem-12630	145	27	policies	policy	NOUN
fbem-12630	145	28	.	.	PUNCT
fbem-12630	145	29	"	"	PUNCT
fbem-12630	146	1	journal	journal	NOUN
fbem-12630	146	2	of	of	ADP
fbem-12630	146	3	finance	finance	NOUN
fbem-12630	146	4	,	,	PUNCT
fbem-12630	146	5	48	48	NUM
fbem-12630	146	6	,	,	PUNCT
fbem-12630	146	7	1629	1629	NUM
fbem-12630	146	8	-	-	SYM
fbem-12630	146	9	1658	1658	NUM
fbem-12630	146	10	,	,	PUNCT
fbem-12630	146	11	1993	1993	NUM
fbem-12630	146	12	.	.	PUNCT
fbem-12630	147	1	[	[	X
fbem-12630	147	2	2	2	NUM
fbem-12630	147	3	]	]	PUNCT
fbem-12630	147	4	buch	buch	NOUN
fbem-12630	147	5	,	,	PUNCT
fbem-12630	147	6	c.	c.	PROPN
fbem-12630	147	7	m.	m.	NOUN
fbem-12630	147	8	,	,	PUNCT
fbem-12630	147	9	&	&	CCONJ
fbem-12630	147	10	kleinert	kleinert	PROPN
fbem-12630	147	11	,	,	PUNCT
fbem-12630	147	12	j.	j.	PROPN
fbem-12630	147	13	"	"	PUNCT
fbem-12630	147	14	exchange	exchange	NOUN
fbem-12630	147	15	rates	rate	NOUN
fbem-12630	147	16	and	and	CCONJ
fbem-12630	147	17	fdi	fdi	NOUN
fbem-12630	147	18	:	:	PUNCT
fbem-12630	147	19	goods	good	NOUN
fbem-12630	147	20	versus	versus	ADP
fbem-12630	147	21	capital	capital	NOUN
fbem-12630	147	22	markets	market	NOUN
fbem-12630	147	23	frictions	friction	NOUN
fbem-12630	147	24	.	.	PUNCT
fbem-12630	147	25	"	"	PUNCT
fbem-12630	147	26	world	world	NOUN
fbem-12630	147	27	economy	economy	NOUN
fbem-12630	147	28	,	,	PUNCT
fbem-12630	147	29	2008	2008	NUM
fbem-12630	147	30	.	.	PUNCT
fbem-12630	148	1	[	[	X
fbem-12630	148	2	3	3	NUM
fbem-12630	148	3	]	]	X
fbem-12630	148	4	xing	xing	PROPN
fbem-12630	148	5	,	,	PUNCT
fbem-12630	148	6	y.	y.	PROPN
fbem-12630	148	7	,	,	PUNCT
fbem-12630	148	8	&	&	CCONJ
fbem-12630	148	9	wan	wan	PROPN
fbem-12630	148	10	,	,	PUNCT
fbem-12630	148	11	g.	g.	PROPN
fbem-12630	148	12	"	"	PUNCT
fbem-12630	148	13	exchange	exchange	NOUN
fbem-12630	148	14	rates	rate	NOUN
fbem-12630	148	15	and	and	CCONJ
fbem-12630	148	16	competition	competition	NOUN
fbem-12630	148	17	for	for	ADP
fbem-12630	148	18	fdi	fdi	PROPN
fbem-12630	148	19	in	in	ADP
fbem-12630	148	20	asia	asia	PROPN
fbem-12630	148	21	.	.	PUNCT
fbem-12630	148	22	"	"	PUNCT
fbem-12630	149	1	world	world	NOUN
fbem-12630	149	2	economy	economy	NOUN
fbem-12630	149	3	,	,	PUNCT
fbem-12630	149	4	2006	2006	NUM
fbem-12630	149	5	.	.	PUNCT
fbem-12630	150	1	[	[	X
fbem-12630	150	2	4	4	NUM
fbem-12630	150	3	]	]	X
fbem-12630	150	4	whitmore	whitmore	NOUN
fbem-12630	150	5	,	,	PUNCT
fbem-12630	150	6	k.	k.	PROPN
fbem-12630	150	7	,	,	PUNCT
fbem-12630	150	8	et	et	PROPN
fbem-12630	150	9	al	al	PROPN
fbem-12630	150	10	.	.	PUNCT
fbem-12630	151	1	"	"	PUNCT
fbem-12630	151	2	foreign	foreign	ADJ
fbem-12630	151	3	direct	direct	ADJ
fbem-12630	151	4	investment	investment	NOUN
fbem-12630	151	5	from	from	ADP
fbem-12630	151	6	newly	newly	ADV
fbem-12630	151	7	industrialized	industrialize	VERB
fbem-12630	151	8	economies	economy	NOUN
fbem-12630	151	9	.	.	PUNCT
fbem-12630	151	10	"	"	PUNCT
fbem-12630	152	1	world	world	NOUN
fbem-12630	152	2	economy	economy	NOUN
fbem-12630	152	3	,	,	PUNCT
fbem-12630	152	4	2006	2006	NUM
fbem-12630	152	5	.	.	PUNCT
fbem-12630	153	1	[	[	X
fbem-12630	153	2	5	5	NUM
fbem-12630	153	3	]	]	X
fbem-12630	153	4	benassy	benassy	ADJ
fbem-12630	153	5	,	,	PUNCT
fbem-12630	153	6	quere	quere	PROPN
fbem-12630	153	7	,	,	PUNCT
fbem-12630	153	8	a.	a.	NOUN
fbem-12630	153	9	,	,	PUNCT
fbem-12630	153	10	fontagne	fontagne	PROPN
fbem-12630	153	11	,	,	PUNCT
fbem-12630	153	12	l.	l.	PROPN
fbem-12630	153	13	,	,	PUNCT
fbem-12630	153	14	&	&	CCONJ
fbem-12630	153	15	lahreche	lahreche	PROPN
fbem-12630	153	16	,	,	PUNCT
fbem-12630	153	17	revil	revil	ADJ
fbem-12630	153	18	,	,	PUNCT
fbem-12630	153	19	a.	a.	NOUN
fbem-12630	153	20	"	"	PUNCT
fbem-12630	153	21	exchange	exchange	NOUN
fbem-12630	153	22	rate	rate	NOUN
fbem-12630	153	23	strategies	strategy	NOUN
fbem-12630	153	24	in	in	ADP
fbem-12630	153	25	the	the	DET
fbem-12630	153	26	competition	competition	NOUN
fbem-12630	153	27	for	for	ADP
fbem-12630	153	28	attracting	attract	VERB
fbem-12630	153	29	foreign	foreign	ADJ
fbem-12630	153	30	direct	direct	ADJ
fbem-12630	153	31	investment	investment	NOUN
fbem-12630	153	32	.	.	PUNCT
fbem-12630	153	33	"	"	PUNCT
fbem-12630	154	1	journal	journal	NOUN
fbem-12630	154	2	of	of	ADP
fbem-12630	154	3	the	the	DET
fbem-12630	154	4	japanese	japanese	ADJ
fbem-12630	154	5	and	and	CCONJ
fbem-12630	154	6	international	international	ADJ
fbem-12630	154	7	economics	economic	NOUN
fbem-12630	154	8	,	,	PUNCT
fbem-12630	154	9	2001	2001	NUM
fbem-12630	154	10	.	.	PUNCT
fbem-12630	155	1	[	[	X
fbem-12630	155	2	6	6	NUM
fbem-12630	155	3	]	]	X
fbem-12630	155	4	cushman	cushman	NOUN
fbem-12630	155	5	,	,	PUNCT
fbem-12630	155	6	d.	d.	PROPN
fbem-12630	155	7	o.	o.	PROPN
fbem-12630	156	1	"	"	PUNCT
fbem-12630	156	2	real	real	ADJ
fbem-12630	156	3	exchange	exchange	NOUN
fbem-12630	156	4	rate	rate	NOUN
fbem-12630	156	5	risk	risk	NOUN
fbem-12630	156	6	,	,	PUNCT
fbem-12630	156	7	expectations	expectation	NOUN
fbem-12630	156	8	,	,	PUNCT
fbem-12630	156	9	and	and	CCONJ
fbem-12630	156	10	the	the	DET
fbem-12630	156	11	level	level	NOUN
fbem-12630	156	12	of	of	ADP
fbem-12630	156	13	direct	direct	ADJ
fbem-12630	156	14	investment	investment	NOUN
fbem-12630	156	15	.	.	PUNCT
fbem-12630	156	16	"	"	PUNCT
fbem-12630	157	1	review	review	NOUN
fbem-12630	157	2	of	of	ADP
fbem-12630	157	3	economics	economic	NOUN
fbem-12630	157	4	and	and	CCONJ
fbem-12630	157	5	statistics	statistic	NOUN
fbem-12630	157	6	,	,	PUNCT
fbem-12630	157	7	1985	1985	NUM
fbem-12630	157	8	.	.	PUNCT
fbem-12630	158	1	[	[	X
fbem-12630	158	2	7	7	NUM
fbem-12630	158	3	]	]	X
fbem-12630	158	4	mcculloch	mcculloch	PROPN
fbem-12630	158	5	,	,	PUNCT
fbem-12630	158	6	r.	r.	PROPN
fbem-12630	158	7	"	"	PUNCT
fbem-12630	158	8	japanese	japanese	ADJ
fbem-12630	158	9	investment	investment	NOUN
fbem-12630	158	10	in	in	ADP
fbem-12630	158	11	the	the	DET
fbem-12630	158	12	united	united	PROPN
fbem-12630	158	13	states	states	PROPN
fbem-12630	158	14	.	.	PUNCT
fbem-12630	158	15	"	"	PUNCT
fbem-12630	159	1	new	new	PROPN
fbem-12630	159	2	york	york	PROPN
fbem-12630	159	3	university	university	PROPN
fbem-12630	159	4	press	press	NOUN
fbem-12630	159	5	,	,	PUNCT
fbem-12630	159	6	1989	1989	NUM
fbem-12630	159	7	.	.	PUNCT
fbem-12630	160	1	[	[	X
fbem-12630	160	2	8	8	NUM
fbem-12630	160	3	]	]	X
fbem-12630	160	4	markusen	markusen	PROPN
fbem-12630	160	5	,	,	PUNCT
fbem-12630	160	6	j.	j.	PROPN
fbem-12630	160	7	r.	r.	PROPN
fbem-12630	160	8	"	"	PUNCT
fbem-12630	160	9	the	the	DET
fbem-12630	160	10	boundaries	boundary	NOUN
fbem-12630	160	11	of	of	ADP
fbem-12630	160	12	multinational	multinational	ADJ
fbem-12630	160	13	enterprises	enterprise	NOUN
fbem-12630	160	14	and	and	CCONJ
fbem-12630	160	15	the	the	DET
fbem-12630	160	16	theory	theory	NOUN
fbem-12630	160	17	of	of	ADP
fbem-12630	160	18	international	international	ADJ
fbem-12630	160	19	trade	trade	NOUN
fbem-12630	160	20	.	.	PUNCT
fbem-12630	160	21	"	"	PUNCT
fbem-12630	161	1	the	the	DET
fbem-12630	161	2	journal	journal	NOUN
fbem-12630	161	3	of	of	ADP
fbem-12630	161	4	economic	economic	ADJ
fbem-12630	161	5	perspectives	perspective	NOUN
fbem-12630	161	6	,	,	PUNCT
fbem-12630	161	7	1995	1995	NUM
fbem-12630	161	8	.	.	PUNCT
fbem-12630	162	1	[	[	X
fbem-12630	162	2	9	9	NUM
fbem-12630	162	3	]	]	SYM
fbem-12630	162	4	zhang	zhang	PROPN
fbem-12630	162	5	,	,	PUNCT
fbem-12630	162	6	w.	w.	PROPN
fbem-12630	162	7	f.	f.	PROPN
fbem-12630	162	8	"	"	PUNCT
fbem-12630	162	9	factors	factor	NOUN
fbem-12630	162	10	affecting	affect	VERB
fbem-12630	162	11	china	china	PROPN
fbem-12630	162	12	's	's	PART
fbem-12630	162	13	outward	outward	ADJ
fbem-12630	162	14	foreign	foreign	ADJ
fbem-12630	162	15	direct	direct	ADJ
fbem-12630	162	16	investment	investment	NOUN
fbem-12630	162	17	.	.	PUNCT
fbem-12630	162	18	"	"	PUNCT
fbem-12630	163	1	china	china	PROPN
fbem-12630	163	2	industrial	industrial	ADJ
fbem-12630	163	3	economics	economic	NOUN
fbem-12630	163	4	,	,	PUNCT
fbem-12630	163	5	2008	2008	NUM
fbem-12630	163	6	.	.	PUNCT
fbem-12630	164	1	[	[	X
fbem-12630	164	2	10	10	NUM
fbem-12630	164	3	]	]	X
fbem-12630	164	4	tian	tian	PROPN
fbem-12630	164	5	,	,	PUNCT
fbem-12630	164	6	w.	w.	PROPN
fbem-12630	164	7	,	,	PUNCT
fbem-12630	164	8	&	&	CCONJ
fbem-12630	164	9	yu	yu	PROPN
fbem-12630	164	10	,	,	PUNCT
fbem-12630	164	11	m.	m.	NOUN
fbem-12630	164	12	j.	j.	PROPN
fbem-12630	164	13	"	"	PUNCT
fbem-12630	164	14	exchange	exchange	NOUN
fbem-12630	164	15	rate	rate	NOUN
fbem-12630	164	16	changes	change	NOUN
fbem-12630	164	17	,	,	PUNCT
fbem-12630	164	18	trade	trade	NOUN
fbem-12630	164	19	services	service	NOUN
fbem-12630	164	20	,	,	PUNCT
fbem-12630	164	21	and	and	CCONJ
fbem-12630	164	22	china	china	PROPN
fbem-12630	164	23	's	's	PART
fbem-12630	164	24	outward	outward	ADJ
fbem-12630	164	25	foreign	foreign	ADJ
fbem-12630	164	26	direct	direct	ADJ
fbem-12630	164	27	investment	investment	NOUN
fbem-12630	164	28	.	.	PUNCT
fbem-12630	164	29	"	"	PUNCT
fbem-12630	164	30	world	world	NOUN
fbem-12630	164	31	economy	economy	NOUN
fbem-12630	164	32	,	,	PUNCT
fbem-12630	164	33	2017	2017	NUM
fbem-12630	164	34	.	.	PUNCT
fbem-12630	165	1	[	[	X
fbem-12630	165	2	11	11	NUM
fbem-12630	165	3	]	]	PUNCT
fbem-12630	165	4	shen	shen	NOUN
fbem-12630	165	5	,	,	PUNCT
fbem-12630	165	6	j.	j.	PROPN
fbem-12630	165	7	b.	b.	PROPN
fbem-12630	165	8	,	,	PUNCT
fbem-12630	165	9	fu	fu	PROPN
fbem-12630	165	10	,	,	PUNCT
fbem-12630	165	11	y.	y.	PROPN
fbem-12630	165	12	l.	l.	PROPN
fbem-12630	165	13	,	,	PUNCT
fbem-12630	165	14	&	&	CCONJ
fbem-12630	165	15	ding	ding	PROPN
fbem-12630	165	16	,	,	PUNCT
fbem-12630	165	17	r.	r.	PROPN
fbem-12630	165	18	"	"	PUNCT
fbem-12630	165	19	the	the	DET
fbem-12630	165	20	impact	impact	NOUN
fbem-12630	165	21	of	of	ADP
fbem-12630	165	22	real	real	ADJ
fbem-12630	165	23	effective	effective	ADJ
fbem-12630	165	24	exchange	exchange	NOUN
fbem-12630	165	25	rate	rate	NOUN
fbem-12630	165	26	changes	change	NOUN
fbem-12630	165	27	of	of	ADP
fbem-12630	165	28	the	the	DET
fbem-12630	165	29	renminbi	renminbi	NOUN
fbem-12630	165	30	on	on	ADP
fbem-12630	165	31	the	the	DET
fbem-12630	165	32	performance	performance	NOUN
fbem-12630	165	33	of	of	ADP
fbem-12630	165	34	chinese	chinese	ADJ
fbem-12630	165	35	manufacturing	manufacturing	NOUN
fbem-12630	165	36	enterprises	enterprise	NOUN
fbem-12630	165	37	:	:	PUNCT
fbem-12630	165	38	evidence	evidence	NOUN
fbem-12630	165	39	from	from	ADP
fbem-12630	165	40	the	the	DET
fbem-12630	165	41	micro	micro	PROPN
fbem-12630	165	42	perspective	perspective	NOUN
fbem-12630	165	43	of	of	ADP
fbem-12630	165	44	manufacturing	manufacturing	NOUN
fbem-12630	165	45	.	.	PUNCT
fbem-12630	165	46	"	"	PUNCT
fbem-12630	166	1	economic	economic	ADJ
fbem-12630	166	2	research	research	NOUN
fbem-12630	166	3	,	,	PUNCT
fbem-12630	166	4	2018	2018	NUM
fbem-12630	166	5	.	.	PUNCT
fbem-12630	167	1	[	[	X
fbem-12630	167	2	12	12	NUM
fbem-12630	167	3	]	]	X
fbem-12630	167	4	chen	chen	PROPN
fbem-12630	167	5	,	,	PUNCT
fbem-12630	167	6	l.	l.	PROPN
fbem-12630	167	7	,	,	PUNCT
fbem-12630	167	8	gao	gao	PROPN
fbem-12630	167	9	,	,	PUNCT
fbem-12630	167	10	y.	y.	PROPN
fbem-12630	167	11	l.	l.	PROPN
fbem-12630	167	12	,	,	PUNCT
fbem-12630	167	13	&	&	CCONJ
fbem-12630	167	14	wang	wang	PROPN
fbem-12630	167	15	,	,	PUNCT
fbem-12630	167	16	j.	j.	PROPN
fbem-12630	167	17	"	"	PUNCT
fbem-12630	167	18	renminbi	renminbi	NOUN
fbem-12630	167	19	exchange	exchange	NOUN
fbem-12630	167	20	rates	rate	NOUN
fbem-12630	167	21	,	,	PUNCT
fbem-12630	167	22	import	import	NOUN
fbem-12630	167	23	and	and	CCONJ
fbem-12630	167	24	export	export	NOUN
fbem-12630	167	25	dependency	dependency	NOUN
fbem-12630	167	26	,	,	PUNCT
fbem-12630	167	27	and	and	CCONJ
fbem-12630	167	28	outward	outward	VERB
fbem-12630	167	29	foreign	foreign	ADJ
fbem-12630	167	30	direct	direct	ADJ
fbem-12630	167	31	investment	investment	NOUN
fbem-12630	167	32	.	.	PUNCT
fbem-12630	167	33	"	"	PUNCT
fbem-12630	168	1	finance	finance	NOUN
fbem-12630	168	2	and	and	CCONJ
fbem-12630	168	3	trade	trade	NOUN
fbem-12630	168	4	research	research	NOUN
fbem-12630	168	5	,	,	PUNCT
fbem-12630	168	6	2020	2020	NUM
fbem-12630	168	7	.	.	PUNCT
fbem-12630	169	1	[	[	X
fbem-12630	169	2	13	13	NUM
fbem-12630	169	3	]	]	SYM
fbem-12630	169	4	chen	chen	PROPN
fbem-12630	169	5	,	,	PUNCT
fbem-12630	169	6	l.	l.	PROPN
fbem-12630	169	7	,	,	PUNCT
fbem-12630	169	8	yuan	yuan	PROPN
fbem-12630	169	9	,	,	PUNCT
fbem-12630	169	10	z.	z.	PROPN
fbem-12630	169	11	g.	g.	PROPN
fbem-12630	169	12	,	,	PUNCT
fbem-12630	169	13	&	&	CCONJ
fbem-12630	169	14	zhu	zhu	PROPN
fbem-12630	169	15	,	,	PUNCT
fbem-12630	169	16	y.	y.	PROPN
fbem-12630	169	17	f.	f.	PROPN
fbem-12630	170	1	"	"	PUNCT
fbem-12630	170	2	how	how	SCONJ
fbem-12630	170	3	do	do	AUX
fbem-12630	170	4	renminbi	renminbi	NOUN
fbem-12630	170	5	exchange	exchange	NOUN
fbem-12630	170	6	rate	rate	NOUN
fbem-12630	170	7	fluctuations	fluctuation	NOUN
fbem-12630	170	8	affect	affect	VERB
fbem-12630	170	9	chinese	chinese	ADJ
fbem-12630	170	10	enterprises	enterprise	NOUN
fbem-12630	170	11	'	'	PART
fbem-12630	170	12	outward	outward	ADJ
fbem-12630	170	13	foreign	foreign	ADJ
fbem-12630	170	14	direct	direct	ADJ
fbem-12630	170	15	investment	investment	NOUN
fbem-12630	170	16	.	.	PUNCT
fbem-12630	170	17	"	"	PUNCT
fbem-12630	171	1	financial	financial	ADJ
fbem-12630	171	2	research	research	NOUN
fbem-12630	171	3	,	,	PUNCT
fbem-12630	171	4	2020	2020	NUM
fbem-12630	171	5	.	.	PUNCT