id	sid	tid	token	lemma	pos
fbem-13763	1	1	frontiers	frontier	NOUN
fbem-13763	1	2	in	in	ADP
fbem-13763	1	3	business	business	NOUN
fbem-13763	1	4	,	,	PUNCT
fbem-13763	1	5	economics	economic	NOUN
fbem-13763	1	6	and	and	CCONJ
fbem-13763	1	7	management	management	NOUN
fbem-13763	1	8	issn	issn	PROPN
fbem-13763	1	9	:	:	PUNCT
fbem-13763	1	10	2766	2766	NUM
fbem-13763	1	11	-	-	PUNCT
fbem-13763	1	12	824x	824x	NUM
fbem-13763	1	13	|	|	ADJ
fbem-13763	1	14	vol	vol	NOUN
fbem-13763	1	15	.	.	PROPN
fbem-13763	2	1	12	12	NUM
fbem-13763	2	2	,	,	PUNCT
fbem-13763	2	3	no	no	INTJ
fbem-13763	2	4	.	.	NOUN
fbem-13763	2	5	1	1	NUM
fbem-13763	2	6	,	,	PUNCT
fbem-13763	2	7	2023	2023	NUM
fbem-13763	2	8	82	82	NUM
fbem-13763	2	9	study	study	NOUN
fbem-13763	2	10	on	on	ADP
fbem-13763	2	11	the	the	DET
fbem-13763	2	12	influence	influence	NOUN
fbem-13763	2	13	of	of	ADP
fbem-13763	2	14	cotton	cotton	NOUN
fbem-13763	2	15	option	option	NOUN
fbem-13763	2	16	launch	launch	NOUN
fbem-13763	2	17	on	on	ADP
fbem-13763	2	18	the	the	DET
fbem-13763	2	19	price	price	NOUN
fbem-13763	2	20	fluctuation	fluctuation	NOUN
fbem-13763	2	21	of	of	ADP
fbem-13763	2	22	underlying	underlie	VERB
fbem-13763	2	23	futures	future	NOUN
fbem-13763	2	24	wenmei	wenmei	PROPN
fbem-13763	2	25	liu	liu	PROPN
fbem-13763	2	26	*	*	PROPN
fbem-13763	2	27	school	school	NOUN
fbem-13763	2	28	of	of	ADP
fbem-13763	2	29	business	business	NOUN
fbem-13763	2	30	,	,	PUNCT
fbem-13763	2	31	hunan	hunan	PROPN
fbem-13763	2	32	university	university	PROPN
fbem-13763	2	33	of	of	ADP
fbem-13763	2	34	science	science	NOUN
fbem-13763	2	35	and	and	CCONJ
fbem-13763	2	36	technology	technology	NOUN
fbem-13763	2	37	,	,	PUNCT
fbem-13763	2	38	xiangtan	xiangtan	PROPN
fbem-13763	2	39	411201	411201	NUM
fbem-13763	2	40	,	,	PUNCT
fbem-13763	2	41	china	china	PROPN
fbem-13763	2	42	*	*	PUNCT
fbem-13763	2	43	corresponding	correspond	VERB
fbem-13763	2	44	author	author	NOUN
fbem-13763	2	45	email	email	NOUN
fbem-13763	2	46	:	:	PUNCT
fbem-13763	3	1	ytbz69_69@163.com	ytbz69_69@163.com	X
fbem-13763	3	2	abstract	abstract	NOUN
fbem-13763	3	3	:	:	PUNCT
fbem-13763	3	4	this	this	DET
fbem-13763	3	5	paper	paper	NOUN
fbem-13763	3	6	takes	take	VERB
fbem-13763	3	7	cotton	cotton	NOUN
fbem-13763	3	8	options	option	NOUN
fbem-13763	3	9	as	as	ADP
fbem-13763	3	10	the	the	DET
fbem-13763	3	11	research	research	NOUN
fbem-13763	3	12	object	object	NOUN
fbem-13763	3	13	,	,	PUNCT
fbem-13763	3	14	and	and	CCONJ
fbem-13763	3	15	empirically	empirically	ADV
fbem-13763	3	16	tests	test	VERB
fbem-13763	3	17	the	the	DET
fbem-13763	3	18	impact	impact	NOUN
fbem-13763	3	19	of	of	ADP
fbem-13763	3	20	cotton	cotton	NOUN
fbem-13763	3	21	options	option	NOUN
fbem-13763	3	22	on	on	ADP
fbem-13763	3	23	the	the	DET
fbem-13763	3	24	price	price	NOUN
fbem-13763	3	25	fluctuation	fluctuation	NOUN
fbem-13763	3	26	of	of	ADP
fbem-13763	3	27	the	the	DET
fbem-13763	3	28	underlying	underlie	VERB
fbem-13763	3	29	futures	future	NOUN
fbem-13763	3	30	in	in	ADP
fbem-13763	3	31	the	the	DET
fbem-13763	3	32	short	short	ADJ
fbem-13763	3	33	and	and	CCONJ
fbem-13763	3	34	medium	medium	ADJ
fbem-13763	3	35	term	term	NOUN
fbem-13763	3	36	by	by	ADP
fbem-13763	3	37	establishing	establish	VERB
fbem-13763	3	38	the	the	DET
fbem-13763	3	39	arma	arma	ADJ
fbem-13763	3	40	-	-	PUNCT
fbem-13763	3	41	garch	garch	NOUN
fbem-13763	3	42	model	model	NOUN
fbem-13763	3	43	with	with	ADP
fbem-13763	3	44	the	the	DET
fbem-13763	3	45	introduction	introduction	NOUN
fbem-13763	3	46	of	of	ADP
fbem-13763	3	47	two	two	NUM
fbem-13763	3	48	dummy	dummy	ADJ
fbem-13763	3	49	variables	variable	NOUN
fbem-13763	3	50	.	.	PUNCT
fbem-13763	4	1	the	the	DET
fbem-13763	4	2	study	study	NOUN
fbem-13763	4	3	found	find	VERB
fbem-13763	4	4	that	that	SCONJ
fbem-13763	4	5	the	the	DET
fbem-13763	4	6	launch	launch	NOUN
fbem-13763	4	7	of	of	ADP
fbem-13763	4	8	cotton	cotton	NOUN
fbem-13763	4	9	options	option	NOUN
fbem-13763	4	10	increased	increase	VERB
fbem-13763	4	11	the	the	DET
fbem-13763	4	12	volatility	volatility	NOUN
fbem-13763	4	13	of	of	ADP
fbem-13763	4	14	the	the	DET
fbem-13763	4	15	underlying	underlie	VERB
fbem-13763	4	16	futures	future	NOUN
fbem-13763	4	17	price	price	NOUN
fbem-13763	4	18	in	in	ADP
fbem-13763	4	19	the	the	DET
fbem-13763	4	20	short	short	ADJ
fbem-13763	4	21	term	term	NOUN
fbem-13763	4	22	,	,	PUNCT
fbem-13763	4	23	and	and	CCONJ
fbem-13763	4	24	increased	increase	VERB
fbem-13763	4	25	the	the	DET
fbem-13763	4	26	volatility	volatility	NOUN
fbem-13763	4	27	in	in	ADP
fbem-13763	4	28	the	the	DET
fbem-13763	4	29	medium	medium	ADJ
fbem-13763	4	30	and	and	CCONJ
fbem-13763	4	31	long	long	ADJ
fbem-13763	4	32	term	term	NOUN
fbem-13763	4	33	.	.	PUNCT
fbem-13763	5	1	after	after	ADP
fbem-13763	5	2	the	the	DET
fbem-13763	5	3	launch	launch	NOUN
fbem-13763	5	4	of	of	ADP
fbem-13763	5	5	cotton	cotton	NOUN
fbem-13763	5	6	options	option	NOUN
fbem-13763	5	7	,	,	PUNCT
fbem-13763	5	8	the	the	DET
fbem-13763	5	9	supply	supply	NOUN
fbem-13763	5	10	of	of	ADP
fbem-13763	5	11	national	national	ADJ
fbem-13763	5	12	policies	policy	NOUN
fbem-13763	5	13	against	against	ADP
fbem-13763	5	14	the	the	DET
fbem-13763	5	15	epidemic	epidemic	NOUN
fbem-13763	5	16	played	play	VERB
fbem-13763	5	17	a	a	DET
fbem-13763	5	18	certain	certain	ADJ
fbem-13763	5	19	stabilizing	stabilize	VERB
fbem-13763	5	20	role	role	NOUN
fbem-13763	5	21	in	in	ADP
fbem-13763	5	22	the	the	DET
fbem-13763	5	23	volatility	volatility	NOUN
fbem-13763	5	24	of	of	ADP
fbem-13763	5	25	futures	future	NOUN
fbem-13763	5	26	prices	price	NOUN
fbem-13763	5	27	,	,	PUNCT
fbem-13763	5	28	but	but	CCONJ
fbem-13763	5	29	the	the	DET
fbem-13763	5	30	policy	policy	NOUN
fbem-13763	5	31	effect	effect	NOUN
fbem-13763	5	32	has	have	VERB
fbem-13763	5	33	a	a	DET
fbem-13763	5	34	time	time	NOUN
fbem-13763	5	35	lag	lag	NOUN
fbem-13763	5	36	.	.	PUNCT
fbem-13763	6	1	based	base	VERB
fbem-13763	6	2	on	on	ADP
fbem-13763	6	3	this	this	PRON
fbem-13763	6	4	,	,	PUNCT
fbem-13763	6	5	institutional	institutional	ADJ
fbem-13763	6	6	investors	investor	NOUN
fbem-13763	6	7	should	should	AUX
fbem-13763	6	8	be	be	AUX
fbem-13763	6	9	encouraged	encourage	VERB
fbem-13763	6	10	to	to	PART
fbem-13763	6	11	use	use	VERB
fbem-13763	6	12	cotton	cotton	NOUN
fbem-13763	6	13	options	option	NOUN
fbem-13763	6	14	and	and	CCONJ
fbem-13763	6	15	futures	future	NOUN
fbem-13763	6	16	risk	risk	NOUN
fbem-13763	6	17	management	management	NOUN
fbem-13763	6	18	,	,	PUNCT
fbem-13763	6	19	build	build	VERB
fbem-13763	6	20	a	a	DET
fbem-13763	6	21	risk	risk	NOUN
fbem-13763	6	22	prevention	prevention	NOUN
fbem-13763	6	23	and	and	CCONJ
fbem-13763	6	24	control	control	NOUN
fbem-13763	6	25	mechanism	mechanism	NOUN
fbem-13763	6	26	for	for	ADP
fbem-13763	6	27	sudden	sudden	ADJ
fbem-13763	6	28	public	public	ADJ
fbem-13763	6	29	crisis	crisis	NOUN
fbem-13763	6	30	events	event	NOUN
fbem-13763	6	31	,	,	PUNCT
fbem-13763	6	32	popularize	popularize	VERB
fbem-13763	6	33	the	the	DET
fbem-13763	6	34	knowledge	knowledge	NOUN
fbem-13763	6	35	of	of	ADP
fbem-13763	6	36	options	option	NOUN
fbem-13763	6	37	and	and	CCONJ
fbem-13763	6	38	futures	future	NOUN
fbem-13763	6	39	,	,	PUNCT
fbem-13763	6	40	and	and	CCONJ
fbem-13763	6	41	improve	improve	VERB
fbem-13763	6	42	the	the	DET
fbem-13763	6	43	transparency	transparency	NOUN
fbem-13763	6	44	of	of	ADP
fbem-13763	6	45	cotton	cotton	NOUN
fbem-13763	6	46	trading	trading	NOUN
fbem-13763	6	47	.	.	PUNCT
fbem-13763	7	1	keywords	keyword	NOUN
fbem-13763	7	2	:	:	PUNCT
fbem-13763	7	3	cotton	cotton	NOUN
fbem-13763	7	4	options	option	NOUN
fbem-13763	7	5	,	,	PUNCT
fbem-13763	7	6	futures	future	NOUN
fbem-13763	7	7	prices	price	NOUN
fbem-13763	7	8	,	,	PUNCT
fbem-13763	7	9	risk	risk	NOUN
fbem-13763	7	10	management	management	NOUN
fbem-13763	7	11	,	,	PUNCT
fbem-13763	7	12	financial	financial	ADJ
fbem-13763	7	13	supervision	supervision	NOUN
fbem-13763	7	14	.	.	PUNCT
fbem-13763	8	1	1	1	X
fbem-13763	8	2	.	.	X
fbem-13763	8	3	introduction	introduction	NOUN
fbem-13763	8	4	cotton	cotton	NOUN
fbem-13763	8	5	is	be	AUX
fbem-13763	8	6	a	a	DET
fbem-13763	8	7	national	national	ADJ
fbem-13763	8	8	strategic	strategic	ADJ
fbem-13763	8	9	bulk	bulk	ADJ
fbem-13763	8	10	agricultural	agricultural	ADJ
fbem-13763	8	11	product	product	NOUN
fbem-13763	8	12	,	,	PUNCT
fbem-13763	8	13	which	which	PRON
fbem-13763	8	14	is	be	AUX
fbem-13763	8	15	related	relate	VERB
fbem-13763	8	16	to	to	ADP
fbem-13763	8	17	agricultural	agricultural	ADJ
fbem-13763	8	18	economy	economy	NOUN
fbem-13763	8	19	and	and	CCONJ
fbem-13763	8	20	high	high	ADJ
fbem-13763	8	21	quality	quality	NOUN
fbem-13763	8	22	development	development	NOUN
fbem-13763	8	23	of	of	ADP
fbem-13763	8	24	agriculture	agriculture	NOUN
fbem-13763	8	25	.	.	PUNCT
fbem-13763	9	1	among	among	ADP
fbem-13763	9	2	them	they	PRON
fbem-13763	9	3	,	,	PUNCT
fbem-13763	9	4	whether	whether	SCONJ
fbem-13763	9	5	the	the	DET
fbem-13763	9	6	price	price	NOUN
fbem-13763	9	7	of	of	ADP
fbem-13763	9	8	cotton	cotton	NOUN
fbem-13763	9	9	is	be	AUX
fbem-13763	9	10	stable	stable	ADJ
fbem-13763	9	11	is	be	AUX
fbem-13763	9	12	an	an	DET
fbem-13763	9	13	important	important	ADJ
fbem-13763	9	14	standard	standard	NOUN
fbem-13763	9	15	for	for	ADP
fbem-13763	9	16	the	the	DET
fbem-13763	9	17	healthy	healthy	ADJ
fbem-13763	9	18	development	development	NOUN
fbem-13763	9	19	of	of	ADP
fbem-13763	9	20	its	its	PRON
fbem-13763	9	21	industry	industry	NOUN
fbem-13763	9	22	.	.	PUNCT
fbem-13763	10	1	its	its	PRON
fbem-13763	10	2	abnormal	abnormal	ADJ
fbem-13763	10	3	fluctuations	fluctuation	NOUN
fbem-13763	10	4	will	will	AUX
fbem-13763	10	5	increase	increase	VERB
fbem-13763	10	6	the	the	DET
fbem-13763	10	7	uncertainty	uncertainty	NOUN
fbem-13763	10	8	of	of	ADP
fbem-13763	10	9	producers	producer	NOUN
fbem-13763	10	10	'	'	PART
fbem-13763	10	11	market	market	NOUN
fbem-13763	10	12	expectations	expectation	NOUN
fbem-13763	10	13	,	,	PUNCT
fbem-13763	10	14	which	which	PRON
fbem-13763	10	15	will	will	AUX
fbem-13763	10	16	increase	increase	VERB
fbem-13763	10	17	the	the	DET
fbem-13763	10	18	risks	risk	NOUN
fbem-13763	10	19	faced	face	VERB
fbem-13763	10	20	by	by	ADP
fbem-13763	10	21	the	the	DET
fbem-13763	10	22	cotton	cotton	NOUN
fbem-13763	10	23	industry	industry	NOUN
fbem-13763	10	24	.	.	PUNCT
fbem-13763	11	1	in	in	ADP
fbem-13763	11	2	order	order	NOUN
fbem-13763	11	3	to	to	PART
fbem-13763	11	4	make	make	VERB
fbem-13763	11	5	the	the	DET
fbem-13763	11	6	steady	steady	ADJ
fbem-13763	11	7	and	and	CCONJ
fbem-13763	11	8	healthy	healthy	ADJ
fbem-13763	11	9	development	development	NOUN
fbem-13763	11	10	of	of	ADP
fbem-13763	11	11	cotton	cotton	NOUN
fbem-13763	11	12	industry	industry	NOUN
fbem-13763	11	13	,	,	PUNCT
fbem-13763	11	14	the	the	DET
fbem-13763	11	15	launch	launch	NOUN
fbem-13763	11	16	of	of	ADP
fbem-13763	11	17	cotton	cotton	NOUN
fbem-13763	11	18	financial	financial	ADJ
fbem-13763	11	19	derivatives	derivative	NOUN
fbem-13763	11	20	has	have	AUX
fbem-13763	11	21	become	become	VERB
fbem-13763	11	22	an	an	DET
fbem-13763	11	23	inevitable	inevitable	ADJ
fbem-13763	11	24	trend	trend	NOUN
fbem-13763	11	25	.	.	PUNCT
fbem-13763	12	1	derivative	derivative	ADJ
fbem-13763	12	2	financial	financial	ADJ
fbem-13763	12	3	products	product	NOUN
fbem-13763	12	4	are	be	AUX
fbem-13763	12	5	an	an	DET
fbem-13763	12	6	important	important	ADJ
fbem-13763	12	7	tool	tool	NOUN
fbem-13763	12	8	to	to	PART
fbem-13763	12	9	stabilize	stabilize	VERB
fbem-13763	12	10	the	the	DET
fbem-13763	12	11	financial	financial	ADJ
fbem-13763	12	12	market	market	NOUN
fbem-13763	12	13	,	,	PUNCT
fbem-13763	12	14	which	which	PRON
fbem-13763	12	15	can	can	AUX
fbem-13763	12	16	prevent	prevent	VERB
fbem-13763	12	17	and	and	CCONJ
fbem-13763	12	18	resolve	resolve	VERB
fbem-13763	12	19	financial	financial	ADJ
fbem-13763	12	20	risks	risk	NOUN
fbem-13763	12	21	well	well	ADV
fbem-13763	12	22	.	.	PUNCT
fbem-13763	13	1	however	however	ADV
fbem-13763	13	2	,	,	PUNCT
fbem-13763	13	3	investors	investor	NOUN
fbem-13763	13	4	are	be	AUX
fbem-13763	13	5	prone	prone	ADJ
fbem-13763	13	6	to	to	ADP
fbem-13763	13	7	some	some	DET
fbem-13763	13	8	irrational	irrational	ADJ
fbem-13763	13	9	behaviors	behavior	NOUN
fbem-13763	13	10	such	such	ADJ
fbem-13763	13	11	as	as	ADP
fbem-13763	13	12	speculation	speculation	NOUN
fbem-13763	13	13	under	under	ADP
fbem-13763	13	14	the	the	DET
fbem-13763	13	15	influence	influence	NOUN
fbem-13763	13	16	of	of	ADP
fbem-13763	13	17	the	the	DET
fbem-13763	13	18	external	external	ADJ
fbem-13763	13	19	environment	environment	NOUN
fbem-13763	13	20	,	,	PUNCT
fbem-13763	13	21	which	which	PRON
fbem-13763	13	22	may	may	AUX
fbem-13763	13	23	deviate	deviate	VERB
fbem-13763	13	24	from	from	ADP
fbem-13763	13	25	the	the	DET
fbem-13763	13	26	original	original	ADJ
fbem-13763	13	27	intention	intention	NOUN
fbem-13763	13	28	of	of	ADP
fbem-13763	13	29	derivative	derivative	ADJ
fbem-13763	13	30	financial	financial	ADJ
fbem-13763	13	31	instrument	instrument	NOUN
fbem-13763	13	32	innovation	innovation	NOUN
fbem-13763	13	33	and	and	CCONJ
fbem-13763	13	34	aggravate	aggravate	VERB
fbem-13763	13	35	the	the	DET
fbem-13763	13	36	volatility	volatility	NOUN
fbem-13763	13	37	of	of	ADP
fbem-13763	13	38	the	the	DET
fbem-13763	13	39	financial	financial	ADJ
fbem-13763	13	40	market	market	NOUN
fbem-13763	13	41	.	.	PUNCT
fbem-13763	14	1	cotton	cotton	NOUN
fbem-13763	14	2	options	option	NOUN
fbem-13763	14	3	as	as	ADP
fbem-13763	14	4	a	a	DET
fbem-13763	14	5	derivative	derivative	ADJ
fbem-13763	14	6	financial	financial	ADJ
fbem-13763	14	7	instrument	instrument	NOUN
fbem-13763	14	8	was	be	AUX
fbem-13763	14	9	officially	officially	ADV
fbem-13763	14	10	listed	list	VERB
fbem-13763	14	11	on	on	ADP
fbem-13763	14	12	the	the	DET
fbem-13763	14	13	zhengzhou	zhengzhou	PROPN
fbem-13763	14	14	commodity	commodity	PROPN
fbem-13763	14	15	exchange	exchange	NOUN
fbem-13763	14	16	on	on	ADP
fbem-13763	14	17	january	january	PROPN
fbem-13763	14	18	28	28	NUM
fbem-13763	14	19	,	,	PUNCT
fbem-13763	14	20	2019	2019	NUM
fbem-13763	14	21	.	.	PUNCT
fbem-13763	15	1	will	will	AUX
fbem-13763	15	2	its	its	PRON
fbem-13763	15	3	listing	listing	NOUN
fbem-13763	15	4	bring	bring	VERB
fbem-13763	15	5	certain	certain	ADJ
fbem-13763	15	6	fluctuations	fluctuation	NOUN
fbem-13763	15	7	to	to	PART
fbem-13763	15	8	cotton	cotton	VERB
fbem-13763	15	9	futures	future	NOUN
fbem-13763	15	10	prices	price	NOUN
fbem-13763	15	11	?	?	PUNCT
fbem-13763	16	1	how	how	SCONJ
fbem-13763	16	2	big	big	ADJ
fbem-13763	16	3	is	be	AUX
fbem-13763	16	4	the	the	DET
fbem-13763	16	5	volatility	volatility	NOUN
fbem-13763	16	6	?	?	PUNCT
fbem-13763	17	1	the	the	DET
fbem-13763	17	2	discussion	discussion	NOUN
fbem-13763	17	3	of	of	ADP
fbem-13763	17	4	these	these	DET
fbem-13763	17	5	issues	issue	NOUN
fbem-13763	17	6	can	can	AUX
fbem-13763	17	7	provide	provide	VERB
fbem-13763	17	8	a	a	DET
fbem-13763	17	9	useful	useful	ADJ
fbem-13763	17	10	policy	policy	NOUN
fbem-13763	17	11	reference	reference	NOUN
fbem-13763	17	12	for	for	ADP
fbem-13763	17	13	the	the	DET
fbem-13763	17	14	healthy	healthy	ADJ
fbem-13763	17	15	development	development	NOUN
fbem-13763	17	16	of	of	ADP
fbem-13763	17	17	cotton	cotton	NOUN
fbem-13763	17	18	industry	industry	NOUN
fbem-13763	17	19	and	and	CCONJ
fbem-13763	17	20	further	far	ADV
fbem-13763	17	21	maintain	maintain	VERB
fbem-13763	17	22	the	the	DET
fbem-13763	17	23	smooth	smooth	ADJ
fbem-13763	17	24	operation	operation	NOUN
fbem-13763	17	25	of	of	ADP
fbem-13763	17	26	cotton	cotton	NOUN
fbem-13763	17	27	derivative	derivative	ADJ
fbem-13763	17	28	financial	financial	ADJ
fbem-13763	17	29	market	market	NOUN
fbem-13763	17	30	.	.	PUNCT
fbem-13763	18	1	2	2	X
fbem-13763	18	2	.	.	X
fbem-13763	18	3	literature	literature	NOUN
fbem-13763	18	4	review	review	PROPN
fbem-13763	18	5	as	as	ADP
fbem-13763	18	6	for	for	ADP
fbem-13763	18	7	the	the	DET
fbem-13763	18	8	study	study	NOUN
fbem-13763	18	9	of	of	ADP
fbem-13763	18	10	futures	future	NOUN
fbem-13763	18	11	price	price	NOUN
fbem-13763	18	12	volatility	volatility	NOUN
fbem-13763	18	13	,	,	PUNCT
fbem-13763	18	14	scholars	scholar	NOUN
fbem-13763	18	15	mainly	mainly	ADV
fbem-13763	18	16	start	start	VERB
fbem-13763	18	17	from	from	ADP
fbem-13763	18	18	two	two	NUM
fbem-13763	18	19	aspects	aspect	NOUN
fbem-13763	18	20	:	:	PUNCT
fbem-13763	18	21	the	the	DET
fbem-13763	18	22	impact	impact	NOUN
fbem-13763	18	23	of	of	ADP
fbem-13763	18	24	futures	future	NOUN
fbem-13763	18	25	listing	list	VERB
fbem-13763	18	26	on	on	ADP
fbem-13763	18	27	spot	spot	NOUN
fbem-13763	18	28	market	market	NOUN
fbem-13763	18	29	volatility	volatility	NOUN
fbem-13763	18	30	and	and	CCONJ
fbem-13763	18	31	the	the	DET
fbem-13763	18	32	impact	impact	NOUN
fbem-13763	18	33	of	of	ADP
fbem-13763	18	34	sudden	sudden	ADJ
fbem-13763	18	35	external	external	ADJ
fbem-13763	18	36	factors	factor	NOUN
fbem-13763	18	37	on	on	ADP
fbem-13763	18	38	futures	future	NOUN
fbem-13763	18	39	price	price	NOUN
fbem-13763	18	40	volatility	volatility	NOUN
fbem-13763	18	41	.	.	PUNCT
fbem-13763	19	1	in	in	ADP
fbem-13763	19	2	terms	term	NOUN
fbem-13763	19	3	of	of	ADP
fbem-13763	19	4	the	the	DET
fbem-13763	19	5	impact	impact	NOUN
fbem-13763	19	6	of	of	ADP
fbem-13763	19	7	futures	future	NOUN
fbem-13763	19	8	listing	list	VERB
fbem-13763	19	9	on	on	ADP
fbem-13763	19	10	spot	spot	NOUN
fbem-13763	19	11	price	price	NOUN
fbem-13763	19	12	volatility	volatility	NOUN
fbem-13763	19	13	,	,	PUNCT
fbem-13763	19	14	gu	gu	PROPN
fbem-13763	19	15	haifeng	haifeng	PROPN
fbem-13763	19	16	and	and	CCONJ
fbem-13763	19	17	yayong	yayong	PROPN
fbem-13763	19	18	zhou(2019	zhou(2019	SYM
fbem-13763	19	19	)	)	PUNCT
fbem-13763	19	20	found	find	VERB
fbem-13763	19	21	by	by	ADP
fbem-13763	19	22	means	mean	NOUN
fbem-13763	19	23	of	of	ADP
fbem-13763	19	24	wavelet	wavelet	NOUN
fbem-13763	19	25	analysis	analysis	NOUN
fbem-13763	19	26	that	that	SCONJ
fbem-13763	19	27	the	the	DET
fbem-13763	19	28	listing	listing	NOUN
fbem-13763	19	29	of	of	ADP
fbem-13763	19	30	csi	csi	PROPN
fbem-13763	19	31	500	500	NUM
fbem-13763	19	32	stock	stock	NOUN
fbem-13763	19	33	index	index	NOUN
fbem-13763	19	34	futures	future	NOUN
fbem-13763	19	35	had	have	VERB
fbem-13763	19	36	a	a	DET
fbem-13763	19	37	significant	significant	ADJ
fbem-13763	19	38	boost	boost	NOUN
fbem-13763	19	39	effect	effect	NOUN
fbem-13763	19	40	on	on	ADP
fbem-13763	19	41	spot	spot	NOUN
fbem-13763	19	42	price	price	NOUN
fbem-13763	19	43	in	in	ADP
fbem-13763	19	44	the	the	DET
fbem-13763	19	45	short	short	ADJ
fbem-13763	19	46	term	term	NOUN
fbem-13763	20	1	[	[	X
fbem-13763	20	2	1	1	NUM
fbem-13763	20	3	]	]	PUNCT
fbem-13763	20	4	.	.	PUNCT
fbem-13763	21	1	based	base	VERB
fbem-13763	21	2	on	on	ADP
fbem-13763	21	3	the	the	DET
fbem-13763	21	4	vecm	vecm	NOUN
fbem-13763	21	5	model	model	NOUN
fbem-13763	21	6	,	,	PUNCT
fbem-13763	21	7	junlin	junlin	PROPN
fbem-13763	21	8	li	li	PROPN
fbem-13763	21	9	et	et	PROPN
fbem-13763	21	10	al	al	PROPN
fbem-13763	21	11	.	.	PROPN
fbem-13763	21	12	(	(	PUNCT
fbem-13763	21	13	2023	2023	NUM
fbem-13763	21	14	)	)	PUNCT
fbem-13763	21	15	concluded	conclude	VERB
fbem-13763	21	16	that	that	SCONJ
fbem-13763	21	17	there	there	PRON
fbem-13763	21	18	is	be	VERB
fbem-13763	21	19	a	a	DET
fbem-13763	21	20	good	good	ADJ
fbem-13763	21	21	linkage	linkage	NOUN
fbem-13763	21	22	between	between	ADP
fbem-13763	21	23	the	the	DET
fbem-13763	21	24	domestic	domestic	ADJ
fbem-13763	21	25	and	and	CCONJ
fbem-13763	21	26	foreign	foreign	ADJ
fbem-13763	21	27	soybean	soybean	NOUN
fbem-13763	21	28	futures	future	NOUN
fbem-13763	21	29	markets	market	NOUN
fbem-13763	21	30	and	and	CCONJ
fbem-13763	21	31	the	the	DET
fbem-13763	21	32	domestic	domestic	ADJ
fbem-13763	21	33	spot	spot	NOUN
fbem-13763	21	34	prices	price	NOUN
fbem-13763	21	35	,	,	PUNCT
fbem-13763	21	36	and	and	CCONJ
fbem-13763	21	37	the	the	DET
fbem-13763	21	38	soybean	soybean	NOUN
fbem-13763	21	39	futures	future	NOUN
fbem-13763	21	40	of	of	ADP
fbem-13763	21	41	dalian	dalian	PROPN
fbem-13763	21	42	exchange	exchange	PROPN
fbem-13763	21	43	have	have	VERB
fbem-13763	21	44	a	a	DET
fbem-13763	21	45	greater	great	ADJ
fbem-13763	21	46	impact	impact	NOUN
fbem-13763	21	47	on	on	ADP
fbem-13763	21	48	the	the	DET
fbem-13763	21	49	domestic	domestic	ADJ
fbem-13763	21	50	spot	spot	NOUN
fbem-13763	21	51	price	price	NOUN
fbem-13763	21	52	discovery	discovery	NOUN
fbem-13763	22	1	[	[	X
fbem-13763	22	2	2	2	NUM
fbem-13763	22	3	]	]	PUNCT
fbem-13763	22	4	.	.	PUNCT
fbem-13763	23	1	in	in	ADP
fbem-13763	23	2	terms	term	NOUN
fbem-13763	23	3	of	of	ADP
fbem-13763	23	4	the	the	DET
fbem-13763	23	5	impact	impact	NOUN
fbem-13763	23	6	of	of	ADP
fbem-13763	23	7	sudden	sudden	ADJ
fbem-13763	23	8	external	external	ADJ
fbem-13763	23	9	factors	factor	NOUN
fbem-13763	23	10	on	on	ADP
fbem-13763	23	11	the	the	DET
fbem-13763	23	12	volatility	volatility	NOUN
fbem-13763	23	13	of	of	ADP
fbem-13763	23	14	futures	future	NOUN
fbem-13763	23	15	prices	price	NOUN
fbem-13763	23	16	,	,	PUNCT
fbem-13763	23	17	borgards	borgard	NOUN
fbem-13763	23	18	et	et	PROPN
fbem-13763	23	19	al	al	PROPN
fbem-13763	23	20	.	.	PROPN
fbem-13763	24	1	(	(	PUNCT
fbem-13763	24	2	2021	2021	NUM
fbem-13763	24	3	)	)	PUNCT
fbem-13763	24	4	compared	compare	VERB
fbem-13763	24	5	and	and	CCONJ
fbem-13763	24	6	analyzed	analyze	VERB
fbem-13763	24	7	the	the	DET
fbem-13763	24	8	price	price	NOUN
fbem-13763	24	9	behavior	behavior	NOUN
fbem-13763	24	10	of	of	ADP
fbem-13763	24	11	20	20	NUM
fbem-13763	24	12	futures	future	NOUN
fbem-13763	24	13	before	before	ADV
fbem-13763	24	14	and	and	CCONJ
fbem-13763	24	15	after	after	ADP
fbem-13763	24	16	the	the	DET
fbem-13763	24	17	covid-19	covid-19	PROPN
fbem-13763	24	18	epidemic	epidemic	NOUN
fbem-13763	24	19	,	,	PUNCT
fbem-13763	24	20	and	and	CCONJ
fbem-13763	24	21	confirmed	confirm	VERB
fbem-13763	24	22	that	that	SCONJ
fbem-13763	24	23	different	different	ADJ
fbem-13763	24	24	futures	future	NOUN
fbem-13763	24	25	prices	price	NOUN
fbem-13763	24	26	showed	show	VERB
fbem-13763	24	27	varying	vary	VERB
fbem-13763	24	28	degrees	degree	NOUN
fbem-13763	24	29	of	of	ADP
fbem-13763	24	30	excessive	excessive	ADJ
fbem-13763	24	31	volatility	volatility	NOUN
fbem-13763	24	32	during	during	ADP
fbem-13763	24	33	the	the	DET
fbem-13763	24	34	epidemic	epidemic	NOUN
fbem-13763	25	1	[	[	X
fbem-13763	25	2	3	3	NUM
fbem-13763	25	3	]	]	PUNCT
fbem-13763	25	4	.	.	PUNCT
fbem-13763	26	1	xinyue	xinyue	PROPN
fbem-13763	26	2	li	li	PROPN
fbem-13763	26	3	(	(	PUNCT
fbem-13763	26	4	2023	2023	NUM
fbem-13763	26	5	)	)	PUNCT
fbem-13763	26	6	,	,	PUNCT
fbem-13763	26	7	with	with	ADP
fbem-13763	26	8	the	the	DET
fbem-13763	26	9	help	help	NOUN
fbem-13763	26	10	of	of	ADP
fbem-13763	26	11	the	the	DET
fbem-13763	26	12	acarr	acarr	NOUN
fbem-13763	26	13	-	-	PUNCT
fbem-13763	26	14	x	x	SYM
fbem-13763	26	15	model	model	NOUN
fbem-13763	26	16	,	,	PUNCT
fbem-13763	26	17	concluded	conclude	VERB
fbem-13763	26	18	that	that	SCONJ
fbem-13763	26	19	external	external	ADJ
fbem-13763	26	20	shocks	shock	NOUN
fbem-13763	26	21	such	such	ADJ
fbem-13763	26	22	as	as	ADP
fbem-13763	26	23	sino	sino	ADJ
fbem-13763	26	24	-	-	PUNCT
fbem-13763	26	25	us	us	PROPN
fbem-13763	26	26	trade	trade	NOUN
fbem-13763	26	27	friction	friction	NOUN
fbem-13763	26	28	and	and	CCONJ
fbem-13763	26	29	the	the	DET
fbem-13763	26	30	novel	novel	ADJ
fbem-13763	26	31	coronavirus	coronavirus	NOUN
fbem-13763	26	32	epidemic	epidemic	NOUN
fbem-13763	26	33	intensified	intensify	VERB
fbem-13763	26	34	the	the	DET
fbem-13763	26	35	volatility	volatility	NOUN
fbem-13763	26	36	of	of	ADP
fbem-13763	26	37	futures	future	NOUN
fbem-13763	26	38	prices	price	NOUN
fbem-13763	26	39	[	[	X
fbem-13763	26	40	4	4	NUM
fbem-13763	26	41	]	]	PUNCT
fbem-13763	26	42	.	.	PUNCT
fbem-13763	27	1	the	the	DET
fbem-13763	27	2	research	research	NOUN
fbem-13763	27	3	on	on	ADP
fbem-13763	27	4	the	the	DET
fbem-13763	27	5	impact	impact	NOUN
fbem-13763	27	6	of	of	ADP
fbem-13763	27	7	option	option	NOUN
fbem-13763	27	8	launch	launch	NOUN
fbem-13763	27	9	on	on	ADP
fbem-13763	27	10	futures	future	NOUN
fbem-13763	27	11	price	price	NOUN
fbem-13763	27	12	fluctuation	fluctuation	NOUN
fbem-13763	27	13	mainly	mainly	ADV
fbem-13763	27	14	includes	include	VERB
fbem-13763	27	15	three	three	NUM
fbem-13763	27	16	viewpoints	viewpoint	NOUN
fbem-13763	27	17	:	:	PUNCT
fbem-13763	27	18	expanding	expand	VERB
fbem-13763	27	19	futures	future	NOUN
fbem-13763	27	20	price	price	NOUN
fbem-13763	27	21	fluctuation	fluctuation	NOUN
fbem-13763	27	22	,	,	PUNCT
fbem-13763	27	23	reducing	reduce	VERB
fbem-13763	27	24	futures	future	NOUN
fbem-13763	27	25	price	price	NOUN
fbem-13763	27	26	fluctuation	fluctuation	NOUN
fbem-13763	27	27	and	and	CCONJ
fbem-13763	27	28	no	no	DET
fbem-13763	27	29	significant	significant	ADJ
fbem-13763	27	30	impact	impact	NOUN
fbem-13763	27	31	on	on	ADP
fbem-13763	27	32	futures	future	NOUN
fbem-13763	27	33	price	price	NOUN
fbem-13763	27	34	fluctuation	fluctuation	NOUN
fbem-13763	27	35	.	.	PUNCT
fbem-13763	28	1	luyao	luyao	PROPN
fbem-13763	28	2	li	li	PROPN
fbem-13763	28	3	(	(	PUNCT
fbem-13763	28	4	2019	2019	NUM
fbem-13763	28	5	)	)	PUNCT
fbem-13763	28	6	took	take	VERB
fbem-13763	28	7	soybean	soybean	NOUN
fbem-13763	28	8	meal	meal	NOUN
fbem-13763	28	9	options	option	NOUN
fbem-13763	28	10	as	as	ADP
fbem-13763	28	11	the	the	DET
fbem-13763	28	12	research	research	NOUN
fbem-13763	28	13	object	object	NOUN
fbem-13763	28	14	and	and	CCONJ
fbem-13763	28	15	found	find	VERB
fbem-13763	28	16	that	that	SCONJ
fbem-13763	28	17	after	after	ADP
fbem-13763	28	18	the	the	DET
fbem-13763	28	19	listing	listing	NOUN
fbem-13763	28	20	of	of	ADP
fbem-13763	28	21	soybean	soybean	NOUN
fbem-13763	28	22	meal	meal	NOUN
fbem-13763	28	23	options	option	NOUN
fbem-13763	28	24	,	,	PUNCT
fbem-13763	28	25	soybean	soybean	NOUN
fbem-13763	28	26	meal	meal	NOUN
fbem-13763	28	27	futures	future	NOUN
fbem-13763	28	28	price	price	NOUN
fbem-13763	28	29	fluctuations	fluctuation	NOUN
fbem-13763	28	30	decreased	decrease	VERB
fbem-13763	28	31	[	[	X
fbem-13763	28	32	5	5	NUM
fbem-13763	28	33	]	]	PUNCT
fbem-13763	28	34	.	.	PUNCT
fbem-13763	29	1	robbani	robbani	PROPN
fbem-13763	29	2	and	and	CCONJ
fbem-13763	29	3	bhuyan(2005	bhuyan(2005	INTJ
fbem-13763	29	4	)	)	PUNCT
fbem-13763	29	5	studied	study	VERB
fbem-13763	29	6	the	the	DET
fbem-13763	29	7	jones	jones	PROPN
fbem-13763	29	8	industrial	industrial	PROPN
fbem-13763	29	9	index	index	NOUN
fbem-13763	29	10	options	option	NOUN
fbem-13763	29	11	and	and	CCONJ
fbem-13763	29	12	concluded	conclude	VERB
fbem-13763	29	13	that	that	SCONJ
fbem-13763	29	14	the	the	DET
fbem-13763	29	15	increased	increase	VERB
fbem-13763	29	16	volatility	volatility	NOUN
fbem-13763	29	17	of	of	ADP
fbem-13763	29	18	futures	future	NOUN
fbem-13763	29	19	prices	price	NOUN
fbem-13763	29	20	was	be	AUX
fbem-13763	29	21	caused	cause	VERB
fbem-13763	29	22	by	by	ADP
fbem-13763	29	23	the	the	DET
fbem-13763	29	24	increase	increase	NOUN
fbem-13763	29	25	in	in	ADP
fbem-13763	29	26	irrational	irrational	ADJ
fbem-13763	29	27	transactions	transaction	NOUN
fbem-13763	29	28	of	of	ADP
fbem-13763	29	29	investors	investor	NOUN
fbem-13763	30	1	[	[	X
fbem-13763	30	2	6	6	NUM
fbem-13763	30	3	]	]	PUNCT
fbem-13763	30	4	.	.	PUNCT
fbem-13763	31	1	mazouz	mazouz	NOUN
fbem-13763	31	2	(	(	PUNCT
fbem-13763	31	3	2004	2004	NUM
fbem-13763	31	4	)	)	PUNCT
fbem-13763	31	5	pointed	point	VERB
fbem-13763	31	6	out	out	ADP
fbem-13763	31	7	that	that	SCONJ
fbem-13763	31	8	the	the	DET
fbem-13763	31	9	listing	listing	NOUN
fbem-13763	31	10	of	of	ADP
fbem-13763	31	11	stock	stock	NOUN
fbem-13763	31	12	index	index	NOUN
fbem-13763	31	13	options	option	NOUN
fbem-13763	31	14	had	have	VERB
fbem-13763	31	15	no	no	DET
fbem-13763	31	16	significant	significant	ADJ
fbem-13763	31	17	impact	impact	NOUN
fbem-13763	31	18	on	on	ADP
fbem-13763	31	19	the	the	DET
fbem-13763	31	20	volatility	volatility	NOUN
fbem-13763	31	21	of	of	ADP
fbem-13763	31	22	futures	future	NOUN
fbem-13763	31	23	prices	price	NOUN
fbem-13763	31	24	[	[	X
fbem-13763	31	25	7	7	NUM
fbem-13763	31	26	]	]	PUNCT
fbem-13763	31	27	.	.	PUNCT
fbem-13763	32	1	in	in	ADP
fbem-13763	32	2	summary	summary	NOUN
fbem-13763	32	3	,	,	PUNCT
fbem-13763	32	4	the	the	DET
fbem-13763	32	5	existing	exist	VERB
fbem-13763	32	6	literature	literature	NOUN
fbem-13763	32	7	mainly	mainly	ADV
fbem-13763	32	8	focuses	focus	VERB
fbem-13763	32	9	on	on	ADP
fbem-13763	32	10	the	the	DET
fbem-13763	32	11	impact	impact	NOUN
fbem-13763	32	12	of	of	ADP
fbem-13763	32	13	futures	future	NOUN
fbem-13763	32	14	price	price	NOUN
fbem-13763	32	15	fluctuations	fluctuation	NOUN
fbem-13763	32	16	,	,	PUNCT
fbem-13763	32	17	index	index	NOUN
fbem-13763	32	18	options	option	NOUN
fbem-13763	32	19	and	and	CCONJ
fbem-13763	32	20	individual	individual	ADJ
fbem-13763	32	21	commodity	commodity	NOUN
fbem-13763	32	22	options	option	NOUN
fbem-13763	32	23	on	on	ADP
fbem-13763	32	24	the	the	DET
fbem-13763	32	25	price	price	NOUN
fbem-13763	32	26	fluctuations	fluctuation	NOUN
fbem-13763	32	27	of	of	ADP
fbem-13763	32	28	underlying	underlie	VERB
fbem-13763	32	29	futures	future	NOUN
fbem-13763	32	30	.	.	PUNCT
fbem-13763	33	1	there	there	PRON
fbem-13763	33	2	are	be	VERB
fbem-13763	33	3	few	few	ADJ
fbem-13763	33	4	studies	study	NOUN
fbem-13763	33	5	on	on	ADP
fbem-13763	33	6	the	the	DET
fbem-13763	33	7	relationship	relationship	NOUN
fbem-13763	33	8	between	between	ADP
fbem-13763	33	9	cotton	cotton	NOUN
fbem-13763	33	10	option	option	NOUN
fbem-13763	33	11	launch	launch	NOUN
fbem-13763	33	12	and	and	CCONJ
fbem-13763	33	13	the	the	DET
fbem-13763	33	14	price	price	NOUN
fbem-13763	33	15	fluctuation	fluctuation	NOUN
fbem-13763	33	16	of	of	ADP
fbem-13763	33	17	the	the	DET
fbem-13763	33	18	underlying	underlie	VERB
fbem-13763	33	19	futures	future	NOUN
fbem-13763	33	20	,	,	PUNCT
fbem-13763	33	21	and	and	CCONJ
fbem-13763	33	22	few	few	ADJ
fbem-13763	33	23	analyses	analysis	NOUN
fbem-13763	33	24	on	on	ADP
fbem-13763	33	25	the	the	DET
fbem-13763	33	26	short	short	ADJ
fbem-13763	33	27	and	and	CCONJ
fbem-13763	33	28	medium	medium	ADJ
fbem-13763	33	29	term	term	NOUN
fbem-13763	33	30	effects	effect	NOUN
fbem-13763	33	31	of	of	ADP
fbem-13763	33	32	cotton	cotton	NOUN
fbem-13763	33	33	option	option	NOUN
fbem-13763	33	34	launch	launch	NOUN
fbem-13763	33	35	on	on	ADP
fbem-13763	33	36	the	the	DET
fbem-13763	33	37	price	price	NOUN
fbem-13763	33	38	fluctuation	fluctuation	NOUN
fbem-13763	33	39	of	of	ADP
fbem-13763	33	40	the	the	DET
fbem-13763	33	41	underlying	underlie	VERB
fbem-13763	33	42	futures	future	NOUN
fbem-13763	33	43	.	.	PUNCT
fbem-13763	34	1	in	in	ADP
fbem-13763	34	2	view	view	NOUN
fbem-13763	34	3	of	of	ADP
fbem-13763	34	4	this	this	PRON
fbem-13763	34	5	,	,	PUNCT
fbem-13763	34	6	this	this	DET
fbem-13763	34	7	paper	paper	NOUN
fbem-13763	34	8	constructs	construct	VERB
fbem-13763	34	9	an	an	DET
fbem-13763	34	10	arma	arma	ADJ
fbem-13763	34	11	-	-	PUNCT
fbem-13763	34	12	garch	garch	NOUN
fbem-13763	34	13	model	model	NOUN
fbem-13763	34	14	introducing	introduce	VERB
fbem-13763	34	15	single	single	ADJ
fbem-13763	34	16	and	and	CCONJ
fbem-13763	34	17	double	double	ADJ
fbem-13763	34	18	dummy	dummy	ADJ
fbem-13763	34	19	variables	variable	NOUN
fbem-13763	34	20	to	to	PART
fbem-13763	34	21	explore	explore	VERB
fbem-13763	34	22	the	the	DET
fbem-13763	34	23	impact	impact	NOUN
fbem-13763	34	24	of	of	ADP
fbem-13763	34	25	cotton	cotton	NOUN
fbem-13763	34	26	option	option	NOUN
fbem-13763	34	27	launch	launch	NOUN
fbem-13763	34	28	on	on	ADP
fbem-13763	34	29	the	the	DET
fbem-13763	34	30	price	price	NOUN
fbem-13763	34	31	fluctuation	fluctuation	NOUN
fbem-13763	34	32	of	of	ADP
fbem-13763	34	33	the	the	DET
fbem-13763	34	34	underlying	underlie	VERB
fbem-13763	34	35	futures	future	NOUN
fbem-13763	34	36	,	,	PUNCT
fbem-13763	34	37	which	which	PRON
fbem-13763	34	38	provides	provide	VERB
fbem-13763	34	39	a	a	DET
fbem-13763	34	40	certain	certain	ADJ
fbem-13763	34	41	reference	reference	NOUN
fbem-13763	34	42	for	for	ADP
fbem-13763	34	43	maintaining	maintain	VERB
fbem-13763	34	44	the	the	DET
fbem-13763	34	45	smooth	smooth	ADJ
fbem-13763	34	46	operation	operation	NOUN
fbem-13763	34	47	of	of	ADP
fbem-13763	34	48	the	the	DET
fbem-13763	34	49	cotton	cotton	NOUN
fbem-13763	34	50	derivative	derivative	ADJ
fbem-13763	34	51	financial	financial	ADJ
fbem-13763	34	52	market	market	NOUN
fbem-13763	34	53	and	and	CCONJ
fbem-13763	34	54	preventing	prevent	VERB
fbem-13763	34	55	and	and	CCONJ
fbem-13763	34	56	resolving	resolve	VERB
fbem-13763	34	57	financial	financial	ADJ
fbem-13763	34	58	risks	risk	NOUN
fbem-13763	34	59	.	.	PUNCT
fbem-13763	35	1	83	83	NUM
fbem-13763	35	2	3	3	NUM
fbem-13763	35	3	.	.	PUNCT
fbem-13763	35	4	research	research	NOUN
fbem-13763	35	5	design	design	PROPN
fbem-13763	35	6	3.1	3.1	NUM
fbem-13763	35	7	.	.	PUNCT
fbem-13763	35	8	model	model	NOUN
fbem-13763	35	9	construction	construction	NOUN
fbem-13763	35	10	the	the	DET
fbem-13763	35	11	arma	arma	ADJ
fbem-13763	35	12	-	-	PUNCT
fbem-13763	35	13	garch	garch	NOUN
fbem-13763	35	14	model	model	NOUN
fbem-13763	35	15	can	can	AUX
fbem-13763	35	16	more	more	ADV
fbem-13763	35	17	accurately	accurately	ADV
fbem-13763	35	18	describe	describe	VERB
fbem-13763	35	19	the	the	DET
fbem-13763	35	20	fluctuation	fluctuation	NOUN
fbem-13763	35	21	process	process	NOUN
fbem-13763	35	22	of	of	ADP
fbem-13763	35	23	financial	financial	ADJ
fbem-13763	35	24	time	time	NOUN
fbem-13763	35	25	series	series	PROPN
fbem-13763	35	26	rate	rate	NOUN
fbem-13763	35	27	of	of	ADP
fbem-13763	35	28	return	return	NOUN
fbem-13763	35	29	.	.	PUNCT
fbem-13763	36	1	the	the	DET
fbem-13763	36	2	general	general	ADJ
fbem-13763	36	3	expressions	expression	NOUN
fbem-13763	36	4	of	of	ADP
fbem-13763	36	5	the	the	DET
fbem-13763	36	6	arma	arma	ADJ
fbem-13763	36	7	-	-	PUNCT
fbem-13763	36	8	garch	garch	NOUN
fbem-13763	36	9	model	model	NOUN
fbem-13763	36	10	introducing	introduce	VERB
fbem-13763	36	11	single	single	ADJ
fbem-13763	36	12	and	and	CCONJ
fbem-13763	36	13	double	double	ADJ
fbem-13763	36	14	virtual	virtual	ADJ
fbem-13763	36	15	variables	variable	NOUN
fbem-13763	36	16	are	be	AUX
fbem-13763	36	17	as	as	SCONJ
fbem-13763	36	18	follows	follow	VERB
fbem-13763	36	19	:	:	PUNCT
fbem-13763	37	1	t	t	PROPN
fbem-13763	37	2	n	n	NUM
fbem-13763	37	3	1j	1j	NUM
fbem-13763	37	4	jtjit	jtjit	PROPN
fbem-13763	37	5	m	m	VERB
fbem-13763	37	6	1i	1i	NUM
fbem-13763	37	7	i0	i0	PROPN
fbem-13763	37	8	t	t	PROPN
fbem-13763	37	9	εεθrr	εεθrr	PROPN
fbem-13763	37	10			NOUN
fbem-13763	38	1			PRON
fbem-13763	38	2			NOUN
fbem-13763	38	3			PUNCT
fbem-13763	39	1			PROPN
fbem-13763	39	2	(	(	PUNCT
fbem-13763	39	3	1	1	NUM
fbem-13763	39	4	)	)	PUNCT
fbem-13763	39	5	ttt	ttt	NOUN
fbem-13763	39	6	uσε	uσε	NUM
fbem-13763	39	7			PROPN
fbem-13763	39	8	(	(	PUNCT
fbem-13763	39	9	2	2	NUM
fbem-13763	39	10	)	)	PUNCT
fbem-13763	39	11	zcgjγyearγσβεαασ	zcgjγyearγσβεαασ	NOUN
fbem-13763	39	12	21	21	NUM
fbem-13763	39	13	2	2	NUM
fbem-13763	39	14	jt	jt	PROPN
fbem-13763	39	15	q	q	PROPN
fbem-13763	39	16	1j	1j	NUM
fbem-13763	39	17	j	j	NOUN
fbem-13763	39	18	2	2	NUM
fbem-13763	39	19	it	it	PRON
fbem-13763	39	20	p	p	NOUN
fbem-13763	39	21	1i	1i	NOUN
fbem-13763	39	22	i0	i0	PROPN
fbem-13763	39	23	2	2	NUM
fbem-13763	39	24	t	t	NOUN
fbem-13763	39	25			NOUN
fbem-13763	39	26			PROPN
fbem-13763	39	27			PROPN
fbem-13763	39	28	(	(	PUNCT
fbem-13763	39	29	3	3	X
fbem-13763	39	30	)	)	PUNCT
fbem-13763	39	31	formula	formula	NOUN
fbem-13763	39	32	(	(	PUNCT
fbem-13763	39	33	1	1	X
fbem-13763	39	34	)	)	PUNCT
fbem-13763	39	35	is	be	AUX
fbem-13763	39	36	the	the	DET
fbem-13763	39	37	arma	arma	PROPN
fbem-13763	39	38	model	model	NOUN
fbem-13763	39	39	,	,	PUNCT
fbem-13763	39	40	which	which	PRON
fbem-13763	39	41	is	be	AUX
fbem-13763	39	42	an	an	DET
fbem-13763	39	43	autoregressive	autoregressive	ADJ
fbem-13763	39	44	moving	move	VERB
fbem-13763	39	45	average	average	ADJ
fbem-13763	39	46	process	process	NOUN
fbem-13763	39	47	.	.	PUNCT
fbem-13763	40	1	in	in	ADP
fbem-13763	40	2	equation	equation	NOUN
fbem-13763	40	3	(	(	PUNCT
fbem-13763	40	4	2	2	X
fbem-13763	40	5	)	)	PUNCT
fbem-13763	40	6	u	u	NOUN
fbem-13763	40	7	are	be	AUX
fbem-13763	40	8	random	random	ADJ
fbem-13763	40	9	variables	variable	NOUN
fbem-13763	40	10	that	that	PRON
fbem-13763	40	11	obey	obey	VERB
fbem-13763	40	12	the	the	DET
fbem-13763	40	13	standard	standard	ADJ
fbem-13763	40	14	normal	normal	ADJ
fbem-13763	40	15	distribution	distribution	NOUN
fbem-13763	40	16	.	.	PUNCT
fbem-13763	41	1	formula	formula	NOUN
fbem-13763	41	2	(	(	PUNCT
fbem-13763	41	3	3	3	X
fbem-13763	41	4	)	)	PUNCT
fbem-13763	41	5	is	be	AUX
fbem-13763	41	6	the	the	DET
fbem-13763	41	7	garch	garch	NOUN
fbem-13763	41	8	model	model	NOUN
fbem-13763	41	9	with	with	ADP
fbem-13763	41	10	two	two	NUM
fbem-13763	41	11	virtual	virtual	ADJ
fbem-13763	41	12	variables	variable	NOUN
fbem-13763	41	13	.	.	PUNCT
fbem-13763	42	1	α	α	PRON
fbem-13763	42	2	represents	represent	VERB
fbem-13763	42	3	the	the	DET
fbem-13763	42	4	degree	degree	NOUN
fbem-13763	42	5	of	of	ADP
fbem-13763	42	6	impact	impact	NOUN
fbem-13763	42	7	brought	bring	VERB
fbem-13763	42	8	by	by	ADP
fbem-13763	42	9	external	external	ADJ
fbem-13763	42	10	shocks	shock	NOUN
fbem-13763	42	11	;	;	PUNCT
fbem-13763	42	12	β	β	NOUN
fbem-13763	42	13	indicates	indicate	VERB
fbem-13763	42	14	the	the	DET
fbem-13763	42	15	degree	degree	NOUN
fbem-13763	42	16	of	of	ADP
fbem-13763	42	17	influence	influence	NOUN
fbem-13763	42	18	of	of	ADP
fbem-13763	42	19	the	the	DET
fbem-13763	42	20	previous	previous	ADJ
fbem-13763	42	21	period	period	NOUN
fbem-13763	42	22	on	on	ADP
fbem-13763	42	23	the	the	DET
fbem-13763	42	24	current	current	ADJ
fbem-13763	42	25	volatility	volatility	NOUN
fbem-13763	42	26	.	.	PUNCT
fbem-13763	43	1	taking	take	VERB
fbem-13763	43	2	the	the	DET
fbem-13763	43	3	introduction	introduction	NOUN
fbem-13763	43	4	of	of	ADP
fbem-13763	43	5	cotton	cotton	NOUN
fbem-13763	43	6	options	option	NOUN
fbem-13763	43	7	as	as	ADP
fbem-13763	43	8	the	the	DET
fbem-13763	43	9	cut	cut	VERB
fbem-13763	43	10	-	-	PUNCT
fbem-13763	43	11	off	off	ADP
fbem-13763	43	12	point	point	NOUN
fbem-13763	43	13	,	,	PUNCT
fbem-13763	43	14	a	a	DET
fbem-13763	43	15	time	time	NOUN
fbem-13763	43	16	dummy	dummy	ADJ
fbem-13763	43	17	variable	variable	ADJ
fbem-13763	43	18	year	year	NOUN
fbem-13763	43	19	is	be	AUX
fbem-13763	43	20	introduced	introduce	VERB
fbem-13763	43	21	.	.	PUNCT
fbem-13763	44	1	considering	consider	VERB
fbem-13763	44	2	the	the	DET
fbem-13763	44	3	impact	impact	NOUN
fbem-13763	44	4	of	of	ADP
fbem-13763	44	5	national	national	ADJ
fbem-13763	44	6	policy	policy	NOUN
fbem-13763	44	7	supply	supply	NOUN
fbem-13763	44	8	on	on	ADP
fbem-13763	44	9	the	the	DET
fbem-13763	44	10	volatility	volatility	NOUN
fbem-13763	44	11	of	of	ADP
fbem-13763	44	12	futures	future	NOUN
fbem-13763	44	13	prices	price	NOUN
fbem-13763	44	14	after	after	ADP
fbem-13763	44	15	the	the	DET
fbem-13763	44	16	outbreak	outbreak	NOUN
fbem-13763	44	17	of	of	ADP
fbem-13763	44	18	the	the	DET
fbem-13763	44	19	novel	novel	ADJ
fbem-13763	44	20	coronavirus	coronavirus	NOUN
fbem-13763	44	21	pneumonia	pneumonia	NOUN
fbem-13763	44	22	epidemic	epidemic	NOUN
fbem-13763	44	23	,	,	PUNCT
fbem-13763	44	24	a	a	DET
fbem-13763	44	25	second	second	ADJ
fbem-13763	44	26	dummy	dummy	ADJ
fbem-13763	44	27	variable	variable	NOUN
fbem-13763	44	28	zcgj	zcgj	NOUN
fbem-13763	44	29	is	be	AUX
fbem-13763	44	30	introduced	introduce	VERB
fbem-13763	44	31	on	on	ADP
fbem-13763	44	32	the	the	DET
fbem-13763	44	33	basis	basis	NOUN
fbem-13763	44	34	of	of	ADP
fbem-13763	44	35	the	the	DET
fbem-13763	44	36	time	time	NOUN
fbem-13763	44	37	dummy	dummy	ADJ
fbem-13763	44	38	variable	variable	ADJ
fbem-13763	44	39	year	year	NOUN
fbem-13763	44	40	.	.	PUNCT
fbem-13763	45	1	the	the	DET
fbem-13763	45	2	time	time	NOUN
fbem-13763	45	3	dummy	dummy	ADJ
fbem-13763	45	4	variable	variable	ADJ
fbem-13763	45	5	year	year	NOUN
fbem-13763	45	6	said	say	VERB
fbem-13763	45	7	that	that	SCONJ
fbem-13763	45	8	in	in	ADP
fbem-13763	45	9	the	the	DET
fbem-13763	45	10	case	case	NOUN
fbem-13763	45	11	of	of	ADP
fbem-13763	45	12	national	national	ADJ
fbem-13763	45	13	policy	policy	NOUN
fbem-13763	45	14	supply	supply	NOUN
fbem-13763	45	15	after	after	ADP
fbem-13763	45	16	the	the	DET
fbem-13763	45	17	outbreak	outbreak	NOUN
fbem-13763	45	18	of	of	ADP
fbem-13763	45	19	the	the	DET
fbem-13763	45	20	new	new	ADJ
fbem-13763	45	21	coronavirus	coronavirus	NOUN
fbem-13763	45	22	pneumonia	pneumonia	NOUN
fbem-13763	45	23	epidemic	epidemic	NOUN
fbem-13763	45	24	,	,	PUNCT
fbem-13763	45	25	the	the	DET
fbem-13763	45	26	introduction	introduction	NOUN
fbem-13763	45	27	of	of	ADP
fbem-13763	45	28	cotton	cotton	NOUN
fbem-13763	45	29	options	option	NOUN
fbem-13763	45	30	on	on	ADP
fbem-13763	45	31	the	the	DET
fbem-13763	45	32	impact	impact	NOUN
fbem-13763	45	33	of	of	ADP
fbem-13763	45	34	the	the	DET
fbem-13763	45	35	underlying	underlie	VERB
fbem-13763	45	36	futures	future	NOUN
fbem-13763	45	37	price	price	NOUN
fbem-13763	45	38	fluctuations.if	fluctuations.if	NUM
fbem-13763	45	39	𝛾	𝛾	NOUN
fbem-13763	45	40	is	be	AUX
fbem-13763	45	41	greater	great	ADJ
fbem-13763	45	42	than	than	ADP
fbem-13763	45	43	0	0	NUM
fbem-13763	45	44	and	and	CCONJ
fbem-13763	45	45	significant	significant	ADJ
fbem-13763	45	46	,	,	PUNCT
fbem-13763	45	47	it	it	PRON
fbem-13763	45	48	indicates	indicate	VERB
fbem-13763	45	49	that	that	SCONJ
fbem-13763	45	50	the	the	DET
fbem-13763	45	51	introduction	introduction	NOUN
fbem-13763	45	52	of	of	ADP
fbem-13763	45	53	cotton	cotton	NOUN
fbem-13763	45	54	options	option	NOUN
fbem-13763	45	55	has	have	AUX
fbem-13763	45	56	expanded	expand	VERB
fbem-13763	45	57	the	the	DET
fbem-13763	45	58	volatility	volatility	NOUN
fbem-13763	45	59	of	of	ADP
fbem-13763	45	60	futures	future	NOUN
fbem-13763	45	61	prices	price	NOUN
fbem-13763	45	62	in	in	ADP
fbem-13763	45	63	the	the	DET
fbem-13763	45	64	case	case	NOUN
fbem-13763	45	65	of	of	ADP
fbem-13763	45	66	national	national	ADJ
fbem-13763	45	67	policy	policy	NOUN
fbem-13763	45	68	supply	supply	NOUN
fbem-13763	45	69	after	after	ADP
fbem-13763	45	70	the	the	DET
fbem-13763	45	71	outbreak	outbreak	NOUN
fbem-13763	45	72	of	of	ADP
fbem-13763	45	73	the	the	DET
fbem-13763	45	74	novel	novel	ADJ
fbem-13763	45	75	coronavirus	coronavirus	NOUN
fbem-13763	45	76	pneumonia	pneumonia	NOUN
fbem-13763	45	77	epidemic	epidemic	NOUN
fbem-13763	45	78	;	;	PUNCT
fbem-13763	45	79	if	if	SCONJ
fbem-13763	45	80	𝛾	𝛾	NOUN
fbem-13763	45	81	is	be	AUX
fbem-13763	45	82	less	less	ADJ
fbem-13763	45	83	than	than	ADP
fbem-13763	45	84	0	0	NUM
fbem-13763	45	85	significant	significant	ADJ
fbem-13763	45	86	,	,	PUNCT
fbem-13763	45	87	it	it	PRON
fbem-13763	45	88	indicates	indicate	VERB
fbem-13763	45	89	that	that	SCONJ
fbem-13763	45	90	the	the	DET
fbem-13763	45	91	introduction	introduction	NOUN
fbem-13763	45	92	of	of	ADP
fbem-13763	45	93	cotton	cotton	NOUN
fbem-13763	45	94	options	option	NOUN
fbem-13763	45	95	has	have	AUX
fbem-13763	45	96	reduced	reduce	VERB
fbem-13763	45	97	the	the	DET
fbem-13763	45	98	price	price	NOUN
fbem-13763	45	99	volatility	volatility	NOUN
fbem-13763	45	100	of	of	ADP
fbem-13763	45	101	the	the	DET
fbem-13763	45	102	underlying	underlie	VERB
fbem-13763	45	103	futures	future	NOUN
fbem-13763	45	104	under	under	ADP
fbem-13763	45	105	the	the	DET
fbem-13763	45	106	condition	condition	NOUN
fbem-13763	45	107	of	of	ADP
fbem-13763	45	108	national	national	ADJ
fbem-13763	45	109	policy	policy	NOUN
fbem-13763	45	110	supply	supply	NOUN
fbem-13763	45	111	after	after	ADP
fbem-13763	45	112	the	the	DET
fbem-13763	45	113	outbreak	outbreak	NOUN
fbem-13763	45	114	of	of	ADP
fbem-13763	45	115	the	the	DET
fbem-13763	45	116	novel	novel	ADJ
fbem-13763	45	117	coronavirus	coronavirus	NOUN
fbem-13763	45	118	pneumonia	pneumonia	NOUN
fbem-13763	45	119	epidemic	epidemic	NOUN
fbem-13763	45	120	;	;	PUNCT
fbem-13763	45	121	if	if	SCONJ
fbem-13763	45	122	𝛾	𝛾	NOUN
fbem-13763	45	123	is	be	AUX
fbem-13763	45	124	not	not	PART
fbem-13763	45	125	significant	significant	ADJ
fbem-13763	45	126	,	,	PUNCT
fbem-13763	45	127	it	it	PRON
fbem-13763	45	128	is	be	AUX
fbem-13763	45	129	impossible	impossible	ADJ
fbem-13763	45	130	to	to	PART
fbem-13763	45	131	determine	determine	VERB
fbem-13763	45	132	the	the	DET
fbem-13763	45	133	impact	impact	NOUN
fbem-13763	45	134	of	of	ADP
fbem-13763	45	135	the	the	DET
fbem-13763	45	136	introduction	introduction	NOUN
fbem-13763	45	137	of	of	ADP
fbem-13763	45	138	cotton	cotton	NOUN
fbem-13763	45	139	options	option	NOUN
fbem-13763	45	140	on	on	ADP
fbem-13763	45	141	the	the	DET
fbem-13763	45	142	price	price	NOUN
fbem-13763	45	143	fluctuation	fluctuation	NOUN
fbem-13763	45	144	of	of	ADP
fbem-13763	45	145	the	the	DET
fbem-13763	45	146	underlying	underlie	VERB
fbem-13763	45	147	futures	future	NOUN
fbem-13763	45	148	under	under	ADP
fbem-13763	45	149	the	the	DET
fbem-13763	45	150	condition	condition	NOUN
fbem-13763	45	151	of	of	ADP
fbem-13763	45	152	national	national	ADJ
fbem-13763	45	153	policy	policy	NOUN
fbem-13763	45	154	supply	supply	NOUN
fbem-13763	45	155	after	after	ADP
fbem-13763	45	156	the	the	DET
fbem-13763	45	157	outbreak	outbreak	NOUN
fbem-13763	45	158	of	of	ADP
fbem-13763	45	159	the	the	DET
fbem-13763	45	160	novel	novel	ADJ
fbem-13763	45	161	coronavirus	coronavirus	NOUN
fbem-13763	45	162	pneumonia	pneumonia	NOUN
fbem-13763	45	163	epidemic	epidemic	NOUN
fbem-13763	45	164	.	.	PUNCT
fbem-13763	46	1	the	the	DET
fbem-13763	46	2	dummy	dummy	ADJ
fbem-13763	46	3	variable	variable	NOUN
fbem-13763	46	4	zcgj	zcgj	PROPN
fbem-13763	46	5	said	say	VERB
fbem-13763	46	6	that	that	SCONJ
fbem-13763	46	7	after	after	ADP
fbem-13763	46	8	the	the	DET
fbem-13763	46	9	introduction	introduction	NOUN
fbem-13763	46	10	of	of	ADP
fbem-13763	46	11	cotton	cotton	NOUN
fbem-13763	46	12	options	option	NOUN
fbem-13763	46	13	,	,	PUNCT
fbem-13763	46	14	the	the	DET
fbem-13763	46	15	impact	impact	NOUN
fbem-13763	46	16	of	of	ADP
fbem-13763	46	17	the	the	DET
fbem-13763	46	18	policy	policy	NOUN
fbem-13763	46	19	supply	supply	NOUN
fbem-13763	46	20	to	to	PART
fbem-13763	46	21	fight	fight	VERB
fbem-13763	46	22	the	the	DET
fbem-13763	46	23	epidemic	epidemic	NOUN
fbem-13763	46	24	on	on	ADP
fbem-13763	46	25	futures	future	NOUN
fbem-13763	46	26	prices	price	NOUN
fbem-13763	46	27	.	.	PUNCT
fbem-13763	47	1	if	if	SCONJ
fbem-13763	47	2	𝛾	𝛾	NOUN
fbem-13763	47	3	is	be	AUX
fbem-13763	47	4	greater	great	ADJ
fbem-13763	47	5	than	than	ADP
fbem-13763	47	6	0	0	NUM
fbem-13763	47	7	and	and	CCONJ
fbem-13763	47	8	significant	significant	ADJ
fbem-13763	47	9	,	,	PUNCT
fbem-13763	47	10	it	it	PRON
fbem-13763	47	11	indicates	indicate	VERB
fbem-13763	47	12	that	that	SCONJ
fbem-13763	47	13	after	after	ADP
fbem-13763	47	14	the	the	DET
fbem-13763	47	15	introduction	introduction	NOUN
fbem-13763	47	16	of	of	ADP
fbem-13763	47	17	cotton	cotton	NOUN
fbem-13763	47	18	options	option	NOUN
fbem-13763	47	19	,	,	PUNCT
fbem-13763	47	20	the	the	DET
fbem-13763	47	21	policy	policy	NOUN
fbem-13763	47	22	supply	supply	NOUN
fbem-13763	47	23	to	to	PART
fbem-13763	47	24	combat	combat	VERB
fbem-13763	47	25	the	the	DET
fbem-13763	47	26	epidemic	epidemic	NOUN
fbem-13763	47	27	has	have	AUX
fbem-13763	47	28	expanded	expand	VERB
fbem-13763	47	29	the	the	DET
fbem-13763	47	30	volatility	volatility	NOUN
fbem-13763	47	31	of	of	ADP
fbem-13763	47	32	futures	future	NOUN
fbem-13763	47	33	prices	price	NOUN
fbem-13763	47	34	;	;	PUNCT
fbem-13763	47	35	if	if	SCONJ
fbem-13763	47	36	𝛾	𝛾	NOUN
fbem-13763	47	37	is	be	AUX
fbem-13763	47	38	less	less	ADJ
fbem-13763	47	39	than	than	ADP
fbem-13763	47	40	0	0	NUM
fbem-13763	47	41	and	and	CCONJ
fbem-13763	47	42	significant	significant	ADJ
fbem-13763	47	43	,	,	PUNCT
fbem-13763	47	44	it	it	PRON
fbem-13763	47	45	indicates	indicate	VERB
fbem-13763	47	46	that	that	SCONJ
fbem-13763	47	47	after	after	ADP
fbem-13763	47	48	the	the	DET
fbem-13763	47	49	introduction	introduction	NOUN
fbem-13763	47	50	of	of	ADP
fbem-13763	47	51	cotton	cotton	NOUN
fbem-13763	47	52	options	option	NOUN
fbem-13763	47	53	,	,	PUNCT
fbem-13763	47	54	the	the	DET
fbem-13763	47	55	policy	policy	NOUN
fbem-13763	47	56	supply	supply	NOUN
fbem-13763	47	57	to	to	PART
fbem-13763	47	58	fight	fight	VERB
fbem-13763	47	59	against	against	ADP
fbem-13763	47	60	the	the	DET
fbem-13763	47	61	epidemic	epidemic	NOUN
fbem-13763	47	62	has	have	AUX
fbem-13763	47	63	reduced	reduce	VERB
fbem-13763	47	64	the	the	DET
fbem-13763	47	65	volatility	volatility	NOUN
fbem-13763	47	66	of	of	ADP
fbem-13763	47	67	futures	future	NOUN
fbem-13763	47	68	prices	price	NOUN
fbem-13763	47	69	;	;	PUNCT
fbem-13763	47	70	if	if	SCONJ
fbem-13763	47	71	𝛾	𝛾	NOUN
fbem-13763	47	72	is	be	AUX
fbem-13763	47	73	not	not	PART
fbem-13763	47	74	significant	significant	ADJ
fbem-13763	47	75	,	,	PUNCT
fbem-13763	47	76	it	it	PRON
fbem-13763	47	77	is	be	AUX
fbem-13763	47	78	impossible	impossible	ADJ
fbem-13763	47	79	to	to	PART
fbem-13763	47	80	determine	determine	VERB
fbem-13763	47	81	the	the	DET
fbem-13763	47	82	impact	impact	NOUN
fbem-13763	47	83	of	of	ADP
fbem-13763	47	84	the	the	DET
fbem-13763	47	85	policy	policy	NOUN
fbem-13763	47	86	supply	supply	NOUN
fbem-13763	47	87	against	against	ADP
fbem-13763	47	88	the	the	DET
fbem-13763	47	89	epidemic	epidemic	NOUN
fbem-13763	47	90	on	on	ADP
fbem-13763	47	91	the	the	DET
fbem-13763	47	92	volatility	volatility	NOUN
fbem-13763	47	93	of	of	ADP
fbem-13763	47	94	futures	future	NOUN
fbem-13763	47	95	prices	price	NOUN
fbem-13763	47	96	after	after	ADP
fbem-13763	47	97	the	the	DET
fbem-13763	47	98	introduction	introduction	NOUN
fbem-13763	47	99	of	of	ADP
fbem-13763	47	100	cotton	cotton	NOUN
fbem-13763	47	101	options	option	NOUN
fbem-13763	47	102	.	.	PUNCT
fbem-13763	48	1	3.2	3.2	NUM
fbem-13763	48	2	.	.	PUNCT
fbem-13763	48	3	data	datum	NOUN
fbem-13763	48	4	specification	specification	NOUN
fbem-13763	48	5	this	this	DET
fbem-13763	48	6	paper	paper	NOUN
fbem-13763	48	7	selects	select	VERB
fbem-13763	48	8	1771	1771	NUM
fbem-13763	48	9	daily	daily	ADJ
fbem-13763	48	10	closing	closing	NOUN
fbem-13763	48	11	prices	price	NOUN
fbem-13763	48	12	of	of	ADP
fbem-13763	48	13	major	major	ADJ
fbem-13763	48	14	cotton	cotton	NOUN
fbem-13763	48	15	futures	future	NOUN
fbem-13763	48	16	contracts	contract	NOUN
fbem-13763	48	17	from	from	ADP
fbem-13763	48	18	january	january	PROPN
fbem-13763	48	19	28	28	NUM
fbem-13763	48	20	,	,	PUNCT
fbem-13763	48	21	2016	2016	NUM
fbem-13763	48	22	to	to	ADP
fbem-13763	48	23	may	may	PROPN
fbem-13763	48	24	15	15	NUM
fbem-13763	48	25	,	,	PUNCT
fbem-13763	48	26	2023	2023	NUM
fbem-13763	48	27	as	as	ADP
fbem-13763	48	28	sample	sample	NOUN
fbem-13763	48	29	data	datum	NOUN
fbem-13763	48	30	.	.	PUNCT
fbem-13763	49	1	all	all	DET
fbem-13763	49	2	data	datum	NOUN
fbem-13763	49	3	is	be	AUX
fbem-13763	49	4	from	from	ADP
fbem-13763	49	5	the	the	DET
fbem-13763	49	6	wind	wind	NOUN
fbem-13763	49	7	database	database	NOUN
fbem-13763	49	8	.	.	PUNCT
fbem-13763	50	1	the	the	DET
fbem-13763	50	2	sample	sample	NOUN
fbem-13763	50	3	data	data	NOUN
fbem-13763	50	4	is	be	AUX
fbem-13763	50	5	divided	divide	VERB
fbem-13763	50	6	into	into	ADP
fbem-13763	50	7	two	two	NUM
fbem-13763	50	8	analysis	analysis	NOUN
fbem-13763	50	9	intervals	interval	NOUN
fbem-13763	50	10	.	.	PUNCT
fbem-13763	51	1	the	the	DET
fbem-13763	51	2	first	first	ADJ
fbem-13763	51	3	interval	interval	NOUN
fbem-13763	51	4	sample	sample	NOUN
fbem-13763	51	5	data	datum	NOUN
fbem-13763	51	6	is	be	AUX
fbem-13763	51	7	from	from	ADP
fbem-13763	51	8	january	january	PROPN
fbem-13763	51	9	29	29	NUM
fbem-13763	51	10	,	,	PUNCT
fbem-13763	51	11	2018	2018	NUM
fbem-13763	51	12	to	to	ADP
fbem-13763	51	13	february	february	PROPN
fbem-13763	51	14	3	3	NUM
fbem-13763	51	15	,	,	PUNCT
fbem-13763	51	16	2020	2020	NUM
fbem-13763	51	17	,	,	PUNCT
fbem-13763	51	18	indicating	indicate	VERB
fbem-13763	51	19	the	the	DET
fbem-13763	51	20	short	short	ADJ
fbem-13763	51	21	-	-	PUNCT
fbem-13763	51	22	term	term	NOUN
fbem-13763	51	23	effect	effect	NOUN
fbem-13763	51	24	of	of	ADP
fbem-13763	51	25	the	the	DET
fbem-13763	51	26	introduction	introduction	NOUN
fbem-13763	51	27	of	of	ADP
fbem-13763	51	28	cotton	cotton	NOUN
fbem-13763	51	29	options	option	NOUN
fbem-13763	51	30	on	on	ADP
fbem-13763	51	31	the	the	DET
fbem-13763	51	32	volatility	volatility	NOUN
fbem-13763	51	33	of	of	ADP
fbem-13763	51	34	the	the	DET
fbem-13763	51	35	underlying	underlie	VERB
fbem-13763	51	36	futures	future	NOUN
fbem-13763	51	37	price	price	NOUN
fbem-13763	51	38	.	.	PUNCT
fbem-13763	52	1	the	the	DET
fbem-13763	52	2	second	second	ADJ
fbem-13763	52	3	interval	interval	NOUN
fbem-13763	52	4	sample	sample	NOUN
fbem-13763	52	5	data	datum	NOUN
fbem-13763	52	6	is	be	AUX
fbem-13763	52	7	from	from	ADP
fbem-13763	52	8	january	january	PROPN
fbem-13763	52	9	28	28	NUM
fbem-13763	52	10	,	,	PUNCT
fbem-13763	52	11	2016	2016	NUM
fbem-13763	52	12	to	to	ADP
fbem-13763	52	13	may	may	PROPN
fbem-13763	52	14	15	15	NUM
fbem-13763	52	15	,	,	PUNCT
fbem-13763	52	16	2023	2023	NUM
fbem-13763	52	17	,	,	PUNCT
fbem-13763	52	18	indicating	indicate	VERB
fbem-13763	52	19	the	the	DET
fbem-13763	52	20	medium	medium	ADJ
fbem-13763	52	21	and	and	CCONJ
fbem-13763	52	22	long	long	ADJ
fbem-13763	52	23	term	term	NOUN
fbem-13763	52	24	effect	effect	NOUN
fbem-13763	52	25	of	of	ADP
fbem-13763	52	26	the	the	DET
fbem-13763	52	27	introduction	introduction	NOUN
fbem-13763	52	28	of	of	ADP
fbem-13763	52	29	cotton	cotton	NOUN
fbem-13763	52	30	options	option	NOUN
fbem-13763	52	31	on	on	ADP
fbem-13763	52	32	the	the	DET
fbem-13763	52	33	volatility	volatility	NOUN
fbem-13763	52	34	of	of	ADP
fbem-13763	52	35	the	the	DET
fbem-13763	52	36	underlying	underlie	VERB
fbem-13763	52	37	futures	future	NOUN
fbem-13763	52	38	price	price	NOUN
fbem-13763	52	39	.	.	PUNCT
fbem-13763	53	1	the	the	DET
fbem-13763	53	2	first	first	ADJ
fbem-13763	53	3	-	-	PUNCT
fbem-13763	53	4	order	order	NOUN
fbem-13763	53	5	difference	difference	NOUN
fbem-13763	53	6	of	of	ADP
fbem-13763	53	7	the	the	DET
fbem-13763	53	8	sample	sample	NOUN
fbem-13763	53	9	data	datum	NOUN
fbem-13763	53	10	is	be	AUX
fbem-13763	53	11	used	use	VERB
fbem-13763	53	12	to	to	PART
fbem-13763	53	13	obtain	obtain	VERB
fbem-13763	53	14	the	the	DET
fbem-13763	53	15	futures	future	NOUN
fbem-13763	53	16	daily	daily	ADJ
fbem-13763	53	17	rate	rate	NOUN
fbem-13763	53	18	of	of	ADP
fbem-13763	53	19	return	return	NOUN
fbem-13763	53	20	,	,	PUNCT
fbem-13763	53	21	which	which	PRON
fbem-13763	53	22	helps	help	VERB
fbem-13763	53	23	to	to	PART
fbem-13763	53	24	enhance	enhance	VERB
fbem-13763	53	25	the	the	DET
fbem-13763	53	26	stationarity	stationarity	NOUN
fbem-13763	53	27	of	of	ADP
fbem-13763	53	28	the	the	DET
fbem-13763	53	29	series	series	NOUN
fbem-13763	53	30	.	.	PUNCT
fbem-13763	54	1	the	the	DET
fbem-13763	54	2	formula	formula	NOUN
fbem-13763	54	3	for	for	ADP
fbem-13763	54	4	the	the	DET
fbem-13763	54	5	first	first	ADJ
fbem-13763	54	6	-	-	PUNCT
fbem-13763	54	7	order	order	NOUN
fbem-13763	54	8	difference	difference	NOUN
fbem-13763	54	9	is	be	AUX
fbem-13763	54	10	:	:	PUNCT
fbem-13763	54	11	1ttt	1ttt	NUM
fbem-13763	54	12	lnplnpr	lnplnpr	NOUN
fbem-13763	54	13			NUM
fbem-13763	54	14	(	(	PUNCT
fbem-13763	54	15	4	4	NUM
fbem-13763	54	16	)	)	PUNCT
fbem-13763	54	17	where	where	SCONJ
fbem-13763	54	18	,	,	PUNCT
fbem-13763	54	19	𝑅	𝑅	PROPN
fbem-13763	54	20	represents	represent	VERB
fbem-13763	54	21	the	the	DET
fbem-13763	54	22	futures	future	NOUN
fbem-13763	54	23	yield	yield	NOUN
fbem-13763	54	24	on	on	ADP
fbem-13763	54	25	the	the	DET
fbem-13763	54	26	t	t	NOUN
fbem-13763	54	27	day	day	NOUN
fbem-13763	54	28	,	,	PUNCT
fbem-13763	54	29	𝑃	𝑃	NOUN
fbem-13763	54	30	represents	represent	VERB
fbem-13763	54	31	the	the	DET
fbem-13763	54	32	closing	closing	NOUN
fbem-13763	54	33	price	price	NOUN
fbem-13763	54	34	on	on	ADP
fbem-13763	54	35	the	the	DET
fbem-13763	54	36	t	t	PROPN
fbem-13763	54	37	day	day	NOUN
fbem-13763	54	38	.	.	PUNCT
fbem-13763	55	1	the	the	DET
fbem-13763	55	2	results	result	NOUN
fbem-13763	55	3	in	in	ADP
fbem-13763	55	4	table	table	NOUN
fbem-13763	55	5	1	1	NUM
fbem-13763	55	6	show	show	VERB
fbem-13763	55	7	that	that	SCONJ
fbem-13763	55	8	the	the	DET
fbem-13763	55	9	mean	mean	ADJ
fbem-13763	55	10	and	and	CCONJ
fbem-13763	55	11	standard	standard	ADJ
fbem-13763	55	12	deviation	deviation	NOUN
fbem-13763	55	13	of	of	ADP
fbem-13763	55	14	the	the	DET
fbem-13763	55	15	futures	future	NOUN
fbem-13763	55	16	yield	yield	NOUN
fbem-13763	55	17	series	serie	NOUN
fbem-13763	55	18	are	be	AUX
fbem-13763	55	19	smaller	small	ADJ
fbem-13763	55	20	in	in	ADP
fbem-13763	55	21	the	the	DET
fbem-13763	55	22	short	short	ADJ
fbem-13763	55	23	period	period	NOUN
fbem-13763	55	24	of	of	ADP
fbem-13763	55	25	the	the	DET
fbem-13763	55	26	launch	launch	NOUN
fbem-13763	55	27	of	of	ADP
fbem-13763	55	28	cotton	cotton	NOUN
fbem-13763	55	29	options	option	NOUN
fbem-13763	55	30	,	,	PUNCT
fbem-13763	55	31	which	which	PRON
fbem-13763	55	32	preliminarily	preliminarily	ADV
fbem-13763	55	33	indicates	indicate	VERB
fbem-13763	55	34	that	that	SCONJ
fbem-13763	55	35	the	the	DET
fbem-13763	55	36	launch	launch	NOUN
fbem-13763	55	37	of	of	ADP
fbem-13763	55	38	cotton	cotton	NOUN
fbem-13763	55	39	options	option	NOUN
fbem-13763	55	40	has	have	VERB
fbem-13763	55	41	the	the	DET
fbem-13763	55	42	effect	effect	NOUN
fbem-13763	55	43	of	of	ADP
fbem-13763	55	44	stabilizing	stabilize	VERB
fbem-13763	55	45	futures	future	NOUN
fbem-13763	55	46	prices	price	NOUN
fbem-13763	55	47	to	to	ADP
fbem-13763	55	48	a	a	DET
fbem-13763	55	49	certain	certain	ADJ
fbem-13763	55	50	extent	extent	NOUN
fbem-13763	55	51	.	.	PUNCT
fbem-13763	56	1	table	table	NOUN
fbem-13763	56	2	1	1	NUM
fbem-13763	56	3	.	.	PUNCT
fbem-13763	57	1	descriptive	descriptive	ADJ
fbem-13763	57	2	statistics	statistic	NOUN
fbem-13763	57	3	sample	sample	PROPN
fbem-13763	57	4	mean	mean	VERB
fbem-13763	57	5	std.dev	std.dev	PROPN
fbem-13763	57	6	.	.	PUNCT
fbem-13763	58	1	skewness	skewness	NOUN
fbem-13763	58	2	kurtosis	kurtosis	VERB
fbem-13763	58	3	jarque	jarque	NOUN
fbem-13763	58	4	-	-	PUNCT
fbem-13763	58	5	bera	bera	NOUN
fbem-13763	58	6	short	short	ADJ
fbem-13763	58	7	term	term	NOUN
fbem-13763	58	8	-0.0004	-0.0004	PROPN
fbem-13763	58	9	0.0122	0.0122	NUM
fbem-13763	58	10	-0.2446	-0.2446	NOUN
fbem-13763	58	11	7.9343	7.9343	NUM
fbem-13763	58	12	495.8419	495.8419	NUM
fbem-13763	58	13	medium	medium	ADJ
fbem-13763	58	14	and	and	CCONJ
fbem-13763	58	15	long	long	ADJ
fbem-13763	58	16	term	term	NOUN
fbem-13763	58	17	0.0002	0.0002	NUM
fbem-13763	58	18	0.0141	0.0141	NUM
fbem-13763	58	19	-0.1798	-0.1798	VERB
fbem-13763	58	20	7.2136	7.2136	NUM
fbem-13763	58	21	1318.9260	1318.9260	NUM
fbem-13763	58	22	4	4	NUM
fbem-13763	58	23	.	.	PUNCT
fbem-13763	58	24	empirical	empirical	ADJ
fbem-13763	58	25	results	result	NOUN
fbem-13763	58	26	and	and	CCONJ
fbem-13763	58	27	analysis	analysis	NOUN
fbem-13763	58	28	4.1	4.1	NUM
fbem-13763	58	29	.	.	PUNCT
fbem-13763	59	1	stationarity	stationarity	NOUN
fbem-13763	59	2	test	test	NOUN
fbem-13763	59	3	in	in	ADP
fbem-13763	59	4	order	order	NOUN
fbem-13763	59	5	to	to	PART
fbem-13763	59	6	avoid	avoid	VERB
fbem-13763	59	7	the	the	DET
fbem-13763	59	8	phenomenon	phenomenon	NOUN
fbem-13763	59	9	of	of	ADP
fbem-13763	59	10	pseudo	pseudo	NOUN
fbem-13763	59	11	-	-	NOUN
fbem-13763	59	12	regression	regression	NOUN
fbem-13763	59	13	,	,	PUNCT
fbem-13763	59	14	the	the	DET
fbem-13763	59	15	adf	adf	NOUN
fbem-13763	59	16	test	test	NOUN
fbem-13763	59	17	is	be	AUX
fbem-13763	59	18	carried	carry	VERB
fbem-13763	59	19	out	out	ADP
fbem-13763	59	20	on	on	ADP
fbem-13763	59	21	the	the	DET
fbem-13763	59	22	return	return	NOUN
fbem-13763	59	23	series	series	NOUN
fbem-13763	59	24	respectively	respectively	ADV
fbem-13763	59	25	.	.	PUNCT
fbem-13763	60	1	the	the	DET
fbem-13763	60	2	results	result	NOUN
fbem-13763	60	3	in	in	ADP
fbem-13763	60	4	table	table	NOUN
fbem-13763	60	5	2	2	NUM
fbem-13763	60	6	show	show	VERB
fbem-13763	60	7	that	that	SCONJ
fbem-13763	60	8	the	the	DET
fbem-13763	60	9	t	t	PROPN
fbem-13763	60	10	-	-	PUNCT
fbem-13763	60	11	statistic	statistic	NOUN
fbem-13763	60	12	values	value	NOUN
fbem-13763	60	13	are	be	AUX
fbem-13763	60	14	all	all	ADV
fbem-13763	60	15	less	less	ADJ
fbem-13763	60	16	than	than	ADP
fbem-13763	60	17	the	the	DET
fbem-13763	60	18	corresponding	corresponding	ADJ
fbem-13763	60	19	critical	critical	ADJ
fbem-13763	60	20	values	value	NOUN
fbem-13763	60	21	at	at	ADP
fbem-13763	60	22	the	the	DET
fbem-13763	60	23	significance	significance	NOUN
fbem-13763	60	24	level	level	NOUN
fbem-13763	60	25	of	of	ADP
fbem-13763	60	26	1	1	NUM
fbem-13763	60	27	%	%	NOUN
fbem-13763	60	28	,	,	PUNCT
fbem-13763	60	29	and	and	CCONJ
fbem-13763	60	30	the	the	DET
fbem-13763	60	31	unit	unit	NOUN
fbem-13763	60	32	root	root	NOUN
fbem-13763	60	33	null	null	ADJ
fbem-13763	60	34	hypothesis	hypothesis	NOUN
fbem-13763	60	35	can	can	AUX
fbem-13763	60	36	be	be	AUX
fbem-13763	60	37	rejected	reject	VERB
fbem-13763	60	38	,	,	PUNCT
fbem-13763	60	39	which	which	PRON
fbem-13763	60	40	indicates	indicate	VERB
fbem-13763	60	41	that	that	SCONJ
fbem-13763	60	42	the	the	DET
fbem-13763	60	43	return	return	NOUN
fbem-13763	60	44	rate	rate	NOUN
fbem-13763	60	45	series	series	NOUN
fbem-13763	60	46	have	have	VERB
fbem-13763	60	47	stationarity	stationarity	NOUN
fbem-13763	60	48	.	.	PUNCT
fbem-13763	61	1	considering	consider	VERB
fbem-13763	61	2	the	the	DET
fbem-13763	61	3	minimum	minimum	ADJ
fbem-13763	61	4	information	information	NOUN
fbem-13763	61	5	criterion	criterion	NOUN
fbem-13763	61	6	and	and	CCONJ
fbem-13763	61	7	parameter	parameter	NOUN
fbem-13763	61	8	significance	significance	NOUN
fbem-13763	61	9	comprehensively	comprehensively	ADV
fbem-13763	61	10	,	,	PUNCT
fbem-13763	61	11	arma(1,1	arma(1,1	PROPN
fbem-13763	61	12	)	)	PUNCT
fbem-13763	61	13	is	be	AUX
fbem-13763	61	14	used	use	VERB
fbem-13763	61	15	as	as	ADP
fbem-13763	61	16	the	the	DET
fbem-13763	61	17	mean	mean	ADJ
fbem-13763	61	18	regression	regression	NOUN
fbem-13763	61	19	equation	equation	NOUN
fbem-13763	61	20	for	for	ADP
fbem-13763	61	21	all	all	DET
fbem-13763	61	22	return	return	NOUN
fbem-13763	61	23	series	series	NOUN
fbem-13763	61	24	.	.	PUNCT
fbem-13763	62	1	table	table	NOUN
fbem-13763	62	2	2	2	NUM
fbem-13763	62	3	.	.	X
fbem-13763	62	4	stationarity	stationarity	NOUN
fbem-13763	62	5	test	test	NOUN
fbem-13763	62	6	results	result	VERB
fbem-13763	62	7	sample	sample	VERB
fbem-13763	62	8	t	t	PROPN
fbem-13763	62	9	-	-	PUNCT
fbem-13763	62	10	statistic	statistic	NOUN
fbem-13763	62	11	1	1	NUM
fbem-13763	62	12	%	%	NOUN
fbem-13763	62	13	critical	critical	ADJ
fbem-13763	62	14	value	value	NOUN
fbem-13763	62	15	5	5	NUM
fbem-13763	62	16	%	%	NOUN
fbem-13763	62	17	critical	critical	ADJ
fbem-13763	62	18	value	value	NOUN
fbem-13763	62	19	10	10	NUM
fbem-13763	62	20	%	%	NOUN
fbem-13763	62	21	critical	critical	ADJ
fbem-13763	62	22	value	value	NOUN
fbem-13763	62	23	p	p	NOUN
fbem-13763	62	24	-	-	PUNCT
fbem-13763	62	25	value	value	NOUN
fbem-13763	62	26	short	short	ADJ
fbem-13763	62	27	term	term	NOUN
fbem-13763	62	28	-21.1782	-21.1782	PUNCT
fbem-13763	62	29	-3.4436	-3.4436	NOUN
fbem-13763	62	30	-2.8673	-2.8673	PROPN
fbem-13763	62	31	-2.5699	-2.5699	PROPN
fbem-13763	63	1	0.0000	0.0000	NUM
fbem-13763	63	2	medium	medium	ADJ
fbem-13763	63	3	and	and	CCONJ
fbem-13763	63	4	long	long	ADJ
fbem-13763	63	5	term	term	NOUN
fbem-13763	63	6	-42.7879	-42.7879	PUNCT
fbem-13763	63	7	-3.4338	-3.4338	NOUN
fbem-13763	63	8	-2.8630	-2.8630	NOUN
fbem-13763	63	9	-2.5676	-2.5676	PUNCT
fbem-13763	64	1	0.0000	0.0000	NUM
fbem-13763	64	2	arch	arch	NOUN
fbem-13763	64	3	lm	lm	PROPN
fbem-13763	64	4	test	test	NOUN
fbem-13763	64	5	is	be	AUX
fbem-13763	64	6	performed	perform	VERB
fbem-13763	64	7	on	on	ADP
fbem-13763	64	8	the	the	DET
fbem-13763	64	9	residual	residual	NOUN
fbem-13763	64	10	of	of	ADP
fbem-13763	64	11	the	the	DET
fbem-13763	64	12	return	return	NOUN
fbem-13763	64	13	series	series	NOUN
fbem-13763	64	14	.	.	PUNCT
fbem-13763	65	1	the	the	DET
fbem-13763	65	2	results	result	NOUN
fbem-13763	65	3	in	in	ADP
fbem-13763	65	4	table	table	NOUN
fbem-13763	65	5	3	3	NUM
fbem-13763	65	6	show	show	VERB
fbem-13763	65	7	that	that	SCONJ
fbem-13763	65	8	the	the	DET
fbem-13763	65	9	residual	residual	ADJ
fbem-13763	65	10	square	square	ADJ
fbem-13763	65	11	84	84	NUM
fbem-13763	65	12	sequences	sequence	NOUN
fbem-13763	65	13	are	be	AUX
fbem-13763	65	14	not	not	PART
fbem-13763	65	15	random	random	ADJ
fbem-13763	65	16	and	and	CCONJ
fbem-13763	65	17	all	all	PRON
fbem-13763	65	18	have	have	VERB
fbem-13763	65	19	arch	arch	ADJ
fbem-13763	65	20	effect	effect	NOUN
fbem-13763	65	21	.	.	PUNCT
fbem-13763	66	1	therefore	therefore	ADV
fbem-13763	66	2	,	,	PUNCT
fbem-13763	66	3	it	it	PRON
fbem-13763	66	4	is	be	AUX
fbem-13763	66	5	necessary	necessary	ADJ
fbem-13763	66	6	to	to	PART
fbem-13763	66	7	build	build	VERB
fbem-13763	66	8	garch	garch	NOUN
fbem-13763	66	9	model	model	NOUN
fbem-13763	66	10	for	for	ADP
fbem-13763	66	11	further	far	ADV
fbem-13763	66	12	fitting	fitting	ADJ
fbem-13763	66	13	.	.	PUNCT
fbem-13763	67	1	table	table	NOUN
fbem-13763	67	2	3	3	NUM
fbem-13763	67	3	.	.	PUNCT
fbem-13763	67	4	arch	arch	PROPN
fbem-13763	67	5	lm	lm	PROPN
fbem-13763	67	6	test	test	NOUN
fbem-13763	67	7	results	result	NOUN
fbem-13763	67	8	sample	sample	VERB
fbem-13763	67	9	f	f	X
fbem-13763	67	10	-	-	PUNCT
fbem-13763	67	11	statistic	statistic	ADJ
fbem-13763	67	12	prob.f	prob.f	VERB
fbem-13763	67	13	obs*r	obs*r	NOUN
fbem-13763	67	14	-	-	PUNCT
fbem-13763	67	15	squared	square	VERB
fbem-13763	67	16	prob.chi	prob.chi	PROPN
fbem-13763	67	17	-	-	PUNCT
fbem-13763	67	18	square	square	ADJ
fbem-13763	67	19	short	short	ADJ
fbem-13763	67	20	term	term	NOUN
fbem-13763	68	1	3.1312	3.1312	NUM
fbem-13763	68	2	0.0774	0.0774	NUM
fbem-13763	68	3	3.1239	3.1239	NUM
fbem-13763	68	4	0.0772	0.0772	NUM
fbem-13763	68	5	medium	medium	ADJ
fbem-13763	68	6	and	and	CCONJ
fbem-13763	68	7	long	long	ADJ
fbem-13763	68	8	term	term	NOUN
fbem-13763	68	9	83.7862	83.7862	NUM
fbem-13763	68	10	0.0000	0.0000	NUM
fbem-13763	68	11	80.0837	80.0837	NUM
fbem-13763	68	12	0.0000	0.0000	NUM
fbem-13763	68	13	4.2	4.2	NUM
fbem-13763	68	14	.	.	PUNCT
fbem-13763	69	1	result	result	VERB
fbem-13763	69	2	analysis	analysis	NOUN
fbem-13763	69	3	in	in	ADP
fbem-13763	69	4	order	order	NOUN
fbem-13763	69	5	to	to	PART
fbem-13763	69	6	study	study	VERB
fbem-13763	69	7	the	the	DET
fbem-13763	69	8	short	short	ADJ
fbem-13763	69	9	and	and	CCONJ
fbem-13763	69	10	medium	medium	ADJ
fbem-13763	69	11	term	term	NOUN
fbem-13763	69	12	effects	effect	NOUN
fbem-13763	69	13	of	of	ADP
fbem-13763	69	14	cotton	cotton	NOUN
fbem-13763	69	15	option	option	NOUN
fbem-13763	69	16	launch	launch	NOUN
fbem-13763	69	17	on	on	ADP
fbem-13763	69	18	the	the	DET
fbem-13763	69	19	price	price	NOUN
fbem-13763	69	20	fluctuation	fluctuation	NOUN
fbem-13763	69	21	of	of	ADP
fbem-13763	69	22	the	the	DET
fbem-13763	69	23	underlying	underlie	VERB
fbem-13763	69	24	futures	future	NOUN
fbem-13763	69	25	,	,	PUNCT
fbem-13763	69	26	this	this	DET
fbem-13763	69	27	paper	paper	NOUN
fbem-13763	69	28	first	first	ADV
fbem-13763	69	29	establishes	establish	VERB
fbem-13763	69	30	the	the	DET
fbem-13763	69	31	arma	arma	ADJ
fbem-13763	69	32	-	-	PUNCT
fbem-13763	69	33	garch	garch	NOUN
fbem-13763	69	34	model	model	NOUN
fbem-13763	69	35	with	with	ADP
fbem-13763	69	36	dummy	dummy	ADJ
fbem-13763	69	37	variables	variable	NOUN
fbem-13763	69	38	of	of	ADP
fbem-13763	69	39	cotton	cotton	NOUN
fbem-13763	69	40	option	option	NOUN
fbem-13763	69	41	launch	launch	NOUN
fbem-13763	69	42	time	time	NOUN
fbem-13763	69	43	for	for	ADP
fbem-13763	69	44	two	two	NUM
fbem-13763	69	45	series	serie	NOUN
fbem-13763	69	46	respectively	respectively	ADV
fbem-13763	69	47	.	.	PUNCT
fbem-13763	70	1	the	the	DET
fbem-13763	70	2	dummy	dummy	ADJ
fbem-13763	70	3	variable	variable	ADJ
fbem-13763	70	4	year	year	NOUN
fbem-13763	70	5	is	be	AUX
fbem-13763	70	6	:	:	PUNCT
fbem-13763	70	7	before	before	SCONJ
fbem-13763	70	8	the	the	DET
fbem-13763	70	9	launch	launch	NOUN
fbem-13763	70	10	of	of	ADP
fbem-13763	70	11	cotton	cotton	NOUN
fbem-13763	70	12	options	option	NOUN
fbem-13763	70	13	(	(	PUNCT
fbem-13763	70	14	january	january	PROPN
fbem-13763	70	15	28	28	NUM
fbem-13763	70	16	,	,	PUNCT
fbem-13763	70	17	2016	2016	NUM
fbem-13763	70	18	january	january	PROPN
fbem-13763	70	19	27	27	NUM
fbem-13763	70	20	,	,	PUNCT
fbem-13763	70	21	2019	2019	NUM
fbem-13763	70	22	)	)	PUNCT
fbem-13763	70	23	𝑦𝑒𝑎𝑟	𝑦𝑒𝑎𝑟	VERB
fbem-13763	70	24	0	0	NUM
fbem-13763	71	1	and	and	CCONJ
fbem-13763	71	2	after	after	ADP
fbem-13763	71	3	the	the	DET
fbem-13763	71	4	launch	launch	NOUN
fbem-13763	71	5	of	of	ADP
fbem-13763	71	6	cotton	cotton	NOUN
fbem-13763	71	7	options	option	NOUN
fbem-13763	71	8	(	(	PUNCT
fbem-13763	71	9	january	january	PROPN
fbem-13763	71	10	28	28	NUM
fbem-13763	71	11	,	,	PUNCT
fbem-13763	71	12	2019	2019	NUM
fbem-13763	71	13	may	may	PROPN
fbem-13763	71	14	15	15	NUM
fbem-13763	71	15	,	,	PUNCT
fbem-13763	71	16	2023	2023	NUM
fbem-13763	71	17	)	)	PUNCT
fbem-13763	71	18	𝑦𝑒𝑎𝑟	𝑦𝑒𝑎𝑟	VERB
fbem-13763	71	19	1	1	NUM
fbem-13763	71	20	.	.	PUNCT
fbem-13763	72	1	according	accord	VERB
fbem-13763	72	2	to	to	ADP
fbem-13763	72	3	the	the	DET
fbem-13763	72	4	white	white	PROPN
fbem-13763	72	5	paper	paper	PROPN
fbem-13763	72	6	"	"	PUNCT
fbem-13763	72	7	china	china	PROPN
fbem-13763	72	8	's	's	PART
fbem-13763	72	9	actions	action	NOUN
fbem-13763	72	10	against	against	ADP
fbem-13763	72	11	the	the	DET
fbem-13763	72	12	novel	novel	ADJ
fbem-13763	72	13	coronavirus	coronavirus	NOUN
fbem-13763	72	14	epidemic	epidemic	NOUN
fbem-13763	72	15	"	"	PUNCT
fbem-13763	72	16	released	release	VERB
fbem-13763	72	17	by	by	ADP
fbem-13763	72	18	the	the	DET
fbem-13763	72	19	state	state	PROPN
fbem-13763	72	20	council	council	PROPN
fbem-13763	72	21	information	information	PROPN
fbem-13763	72	22	office	office	PROPN
fbem-13763	72	23	,	,	PUNCT
fbem-13763	72	24	this	this	DET
fbem-13763	72	25	paper	paper	NOUN
fbem-13763	72	26	has	have	AUX
fbem-13763	72	27	identified	identify	VERB
fbem-13763	72	28	january	january	PROPN
fbem-13763	72	29	20	20	NUM
fbem-13763	72	30	,	,	PUNCT
fbem-13763	72	31	2020	2020	NUM
fbem-13763	72	32	as	as	ADP
fbem-13763	72	33	the	the	DET
fbem-13763	72	34	time	time	NOUN
fbem-13763	72	35	for	for	ADP
fbem-13763	72	36	intensive	intensive	ADJ
fbem-13763	72	37	provision	provision	NOUN
fbem-13763	72	38	of	of	ADP
fbem-13763	72	39	anti	anti	ADJ
fbem-13763	72	40	-	-	ADJ
fbem-13763	72	41	epidemic	epidemic	ADJ
fbem-13763	72	42	policies	policy	NOUN
fbem-13763	72	43	.	.	PUNCT
fbem-13763	73	1	considering	consider	VERB
fbem-13763	73	2	that	that	SCONJ
fbem-13763	73	3	the	the	DET
fbem-13763	73	4	policy	policy	NOUN
fbem-13763	73	5	supply	supply	NOUN
fbem-13763	73	6	of	of	ADP
fbem-13763	73	7	the	the	DET
fbem-13763	73	8	country	country	NOUN
fbem-13763	73	9	after	after	ADP
fbem-13763	73	10	the	the	DET
fbem-13763	73	11	outbreak	outbreak	NOUN
fbem-13763	73	12	of	of	ADP
fbem-13763	73	13	the	the	DET
fbem-13763	73	14	novel	novel	ADJ
fbem-13763	73	15	coronavirus	coronavirus	NOUN
fbem-13763	73	16	pneumonia	pneumonia	NOUN
fbem-13763	73	17	epidemic	epidemic	NOUN
fbem-13763	73	18	may	may	AUX
fbem-13763	73	19	have	have	VERB
fbem-13763	73	20	an	an	DET
fbem-13763	73	21	impact	impact	NOUN
fbem-13763	73	22	on	on	ADP
fbem-13763	73	23	the	the	DET
fbem-13763	73	24	volatility	volatility	NOUN
fbem-13763	73	25	of	of	ADP
fbem-13763	73	26	futures	future	NOUN
fbem-13763	73	27	prices	price	NOUN
fbem-13763	73	28	,	,	PUNCT
fbem-13763	73	29	this	this	DET
fbem-13763	73	30	paper	paper	NOUN
fbem-13763	73	31	introduces	introduce	VERB
fbem-13763	73	32	the	the	DET
fbem-13763	73	33	policy	policy	NOUN
fbem-13763	73	34	supply	supply	NOUN
fbem-13763	73	35	dummy	dummy	ADJ
fbem-13763	73	36	variable	variable	ADJ
fbem-13763	73	37	zcgj	zcgj	NOUN
fbem-13763	73	38	on	on	ADP
fbem-13763	73	39	the	the	DET
fbem-13763	73	40	basis	basis	NOUN
fbem-13763	73	41	of	of	ADP
fbem-13763	73	42	the	the	DET
fbem-13763	73	43	dummy	dummy	ADJ
fbem-13763	73	44	variable	variable	NOUN
fbem-13763	73	45	of	of	ADP
fbem-13763	73	46	the	the	DET
fbem-13763	73	47	launch	launch	NOUN
fbem-13763	73	48	time	time	NOUN
fbem-13763	73	49	of	of	ADP
fbem-13763	73	50	cotton	cotton	NOUN
fbem-13763	73	51	options	option	NOUN
fbem-13763	73	52	.	.	PUNCT
fbem-13763	74	1	the	the	DET
fbem-13763	74	2	dummy	dummy	ADJ
fbem-13763	74	3	variable	variable	NOUN
fbem-13763	74	4	zcgj	zcgj	NOUN
fbem-13763	74	5	is	be	AUX
fbem-13763	74	6	:	:	PUNCT
fbem-13763	74	7	before	before	ADP
fbem-13763	74	8	the	the	DET
fbem-13763	74	9	outbreak	outbreak	NOUN
fbem-13763	74	10	of	of	ADP
fbem-13763	74	11	covid19	covid19	NOUN
fbem-13763	74	12	and	and	CCONJ
fbem-13763	74	13	the	the	DET
fbem-13763	74	14	intensive	intensive	ADJ
fbem-13763	74	15	supply	supply	NOUN
fbem-13763	74	16	of	of	ADP
fbem-13763	74	17	national	national	ADJ
fbem-13763	74	18	policies	policy	NOUN
fbem-13763	74	19	(	(	PUNCT
fbem-13763	74	20	january	january	PROPN
fbem-13763	74	21	28	28	NUM
fbem-13763	74	22	,	,	PUNCT
fbem-13763	74	23	2016	2016	NUM
fbem-13763	74	24	january	january	NOUN
fbem-13763	74	25	19	19	NUM
fbem-13763	74	26	,	,	PUNCT
fbem-13763	74	27	2020	2020	NUM
fbem-13763	74	28	)	)	PUNCT
fbem-13763	74	29	𝑧𝑐𝑔𝑗	𝑧𝑐𝑔𝑗	NOUN
fbem-13763	74	30	0	0	PUNCT
fbem-13763	75	1	and	and	CCONJ
fbem-13763	75	2	after	after	ADP
fbem-13763	75	3	the	the	DET
fbem-13763	75	4	national	national	ADJ
fbem-13763	75	5	policy	policy	NOUN
fbem-13763	75	6	supply	supply	NOUN
fbem-13763	75	7	(	(	PUNCT
fbem-13763	75	8	january	january	PROPN
fbem-13763	75	9	20	20	NUM
fbem-13763	75	10	,	,	PUNCT
fbem-13763	75	11	2020	2020	NUM
fbem-13763	75	12	may	may	AUX
fbem-13763	75	13	15	15	NUM
fbem-13763	75	14	,	,	PUNCT
fbem-13763	75	15	2023	2023	NUM
fbem-13763	75	16	)	)	PUNCT
fbem-13763	75	17	𝑧𝑐𝑔𝑗	𝑧𝑐𝑔𝑗	NOUN
fbem-13763	75	18	1	1	NUM
fbem-13763	75	19	.	.	PUNCT
fbem-13763	76	1	considering	consider	VERB
fbem-13763	76	2	the	the	DET
fbem-13763	76	3	minimum	minimum	ADJ
fbem-13763	76	4	information	information	NOUN
fbem-13763	76	5	criterion	criterion	NOUN
fbem-13763	76	6	and	and	CCONJ
fbem-13763	76	7	parameter	parameter	NOUN
fbem-13763	76	8	significance	significance	NOUN
fbem-13763	76	9	comprehensively	comprehensively	ADV
fbem-13763	76	10	,	,	PUNCT
fbem-13763	76	11	the	the	DET
fbem-13763	76	12	arma(1,1)garch(1,1	arma(1,1)garch(1,1	NOUN
fbem-13763	76	13	)	)	PUNCT
fbem-13763	76	14	model	model	NOUN
fbem-13763	76	15	is	be	AUX
fbem-13763	76	16	established	establish	VERB
fbem-13763	76	17	to	to	PART
fbem-13763	76	18	determine	determine	VERB
fbem-13763	76	19	the	the	DET
fbem-13763	76	20	final	final	ADJ
fbem-13763	76	21	return	return	NOUN
fbem-13763	76	22	series	series	NOUN
fbem-13763	76	23	.	.	PUNCT
fbem-13763	77	1	table	table	NOUN
fbem-13763	77	2	4	4	NUM
fbem-13763	77	3	shows	show	VERB
fbem-13763	77	4	that	that	SCONJ
fbem-13763	77	5	the	the	DET
fbem-13763	77	6	sum	sum	NOUN
fbem-13763	77	7	of	of	ADP
fbem-13763	77	8	α	α	PROPN
fbem-13763	77	9	and	and	CCONJ
fbem-13763	77	10	β	β	X
fbem-13763	77	11	is	be	AUX
fbem-13763	77	12	close	close	ADJ
fbem-13763	77	13	to	to	ADP
fbem-13763	77	14	1	1	NUM
fbem-13763	77	15	,	,	PUNCT
fbem-13763	77	16	indicating	indicate	VERB
fbem-13763	77	17	that	that	SCONJ
fbem-13763	77	18	the	the	DET
fbem-13763	77	19	fitting	fitting	ADJ
fbem-13763	77	20	process	process	NOUN
fbem-13763	77	21	is	be	AUX
fbem-13763	77	22	relatively	relatively	ADV
fbem-13763	77	23	stable	stable	ADJ
fbem-13763	77	24	.	.	PUNCT
fbem-13763	78	1	all	all	DET
fbem-13763	78	2	the	the	DET
fbem-13763	78	3	p	p	NOUN
fbem-13763	78	4	-	-	PUNCT
fbem-13763	78	5	values	value	NOUN
fbem-13763	78	6	in	in	ADP
fbem-13763	78	7	the	the	DET
fbem-13763	78	8	arch	arch	ADJ
fbem-13763	78	9	lm	lm	PROPN
fbem-13763	78	10	test	test	NOUN
fbem-13763	78	11	results	result	NOUN
fbem-13763	78	12	were	be	AUX
fbem-13763	78	13	significant	significant	ADJ
fbem-13763	78	14	at	at	ADP
fbem-13763	78	15	the	the	DET
fbem-13763	78	16	significance	significance	NOUN
fbem-13763	78	17	level	level	NOUN
fbem-13763	78	18	of	of	ADP
fbem-13763	78	19	1	1	NUM
fbem-13763	78	20	%	%	NOUN
fbem-13763	78	21	,	,	PUNCT
fbem-13763	78	22	which	which	PRON
fbem-13763	78	23	indicated	indicate	VERB
fbem-13763	78	24	that	that	SCONJ
fbem-13763	78	25	the	the	DET
fbem-13763	78	26	arch	arch	ADJ
fbem-13763	78	27	effect	effect	NOUN
fbem-13763	78	28	had	have	AUX
fbem-13763	78	29	been	be	AUX
fbem-13763	78	30	eliminated	eliminate	VERB
fbem-13763	78	31	after	after	ADP
fbem-13763	78	32	fitting	fit	VERB
fbem-13763	78	33	,	,	PUNCT
fbem-13763	78	34	and	and	CCONJ
fbem-13763	78	35	the	the	DET
fbem-13763	78	36	model	model	NOUN
fbem-13763	78	37	was	be	AUX
fbem-13763	78	38	effective	effective	ADJ
fbem-13763	78	39	as	as	ADP
fbem-13763	78	40	a	a	DET
fbem-13763	78	41	whole	whole	NOUN
fbem-13763	78	42	.	.	PUNCT
fbem-13763	79	1	𝛾	𝛾	PROPN
fbem-13763	79	2	is	be	AUX
fbem-13763	79	3	greater	great	ADJ
fbem-13763	79	4	than	than	ADP
fbem-13763	79	5	0	0	NUM
fbem-13763	79	6	and	and	CCONJ
fbem-13763	79	7	significant	significant	ADJ
fbem-13763	79	8	,	,	PUNCT
fbem-13763	79	9	and	and	CCONJ
fbem-13763	79	10	the	the	DET
fbem-13763	79	11	launch	launch	NOUN
fbem-13763	79	12	of	of	ADP
fbem-13763	79	13	cotton	cotton	NOUN
fbem-13763	79	14	options	option	NOUN
fbem-13763	79	15	is	be	AUX
fbem-13763	79	16	small	small	ADJ
fbem-13763	79	17	in	in	ADP
fbem-13763	79	18	the	the	DET
fbem-13763	79	19	short	short	ADJ
fbem-13763	79	20	term	term	NOUN
fbem-13763	79	21	,	,	PUNCT
fbem-13763	79	22	which	which	PRON
fbem-13763	79	23	indicates	indicate	VERB
fbem-13763	79	24	that	that	SCONJ
fbem-13763	79	25	under	under	ADP
fbem-13763	79	26	the	the	DET
fbem-13763	79	27	condition	condition	NOUN
fbem-13763	79	28	of	of	ADP
fbem-13763	79	29	national	national	ADJ
fbem-13763	79	30	policy	policy	NOUN
fbem-13763	79	31	supply	supply	NOUN
fbem-13763	79	32	after	after	ADP
fbem-13763	79	33	the	the	DET
fbem-13763	79	34	outbreak	outbreak	NOUN
fbem-13763	79	35	of	of	ADP
fbem-13763	79	36	the	the	DET
fbem-13763	79	37	novel	novel	ADJ
fbem-13763	79	38	coronavirus	coronavirus	NOUN
fbem-13763	79	39	pneumonia	pneumonia	NOUN
fbem-13763	79	40	epidemic	epidemic	NOUN
fbem-13763	79	41	,	,	PUNCT
fbem-13763	79	42	the	the	DET
fbem-13763	79	43	launch	launch	NOUN
fbem-13763	79	44	of	of	ADP
fbem-13763	79	45	cotton	cotton	NOUN
fbem-13763	79	46	options	option	NOUN
fbem-13763	79	47	has	have	AUX
fbem-13763	79	48	expanded	expand	VERB
fbem-13763	79	49	the	the	DET
fbem-13763	79	50	volatility	volatility	NOUN
fbem-13763	79	51	of	of	ADP
fbem-13763	79	52	the	the	DET
fbem-13763	79	53	underlying	underlie	VERB
fbem-13763	79	54	futures	future	NOUN
fbem-13763	79	55	price	price	NOUN
fbem-13763	79	56	in	in	ADP
fbem-13763	79	57	the	the	DET
fbem-13763	79	58	short	short	ADJ
fbem-13763	79	59	term	term	NOUN
fbem-13763	79	60	,	,	PUNCT
fbem-13763	79	61	and	and	CCONJ
fbem-13763	79	62	the	the	DET
fbem-13763	79	63	volatility	volatility	NOUN
fbem-13763	79	64	has	have	AUX
fbem-13763	79	65	intensified	intensify	VERB
fbem-13763	79	66	in	in	ADP
fbem-13763	79	67	the	the	DET
fbem-13763	79	68	medium	medium	ADJ
fbem-13763	79	69	and	and	CCONJ
fbem-13763	79	70	long	long	ADJ
fbem-13763	79	71	term	term	NOUN
fbem-13763	79	72	.	.	PUNCT
fbem-13763	80	1	the	the	DET
fbem-13763	80	2	possible	possible	ADJ
fbem-13763	80	3	reason	reason	NOUN
fbem-13763	80	4	is	be	AUX
fbem-13763	80	5	that	that	SCONJ
fbem-13763	80	6	the	the	DET
fbem-13763	80	7	listing	listing	NOUN
fbem-13763	80	8	time	time	NOUN
fbem-13763	80	9	of	of	ADP
fbem-13763	80	10	cotton	cotton	NOUN
fbem-13763	80	11	options	option	NOUN
fbem-13763	80	12	is	be	AUX
fbem-13763	80	13	short	short	ADJ
fbem-13763	80	14	,	,	PUNCT
fbem-13763	80	15	the	the	DET
fbem-13763	80	16	market	market	NOUN
fbem-13763	80	17	cognition	cognition	NOUN
fbem-13763	80	18	is	be	AUX
fbem-13763	80	19	not	not	PART
fbem-13763	80	20	very	very	ADV
fbem-13763	80	21	high	high	ADJ
fbem-13763	80	22	,	,	PUNCT
fbem-13763	80	23	and	and	CCONJ
fbem-13763	80	24	there	there	PRON
fbem-13763	80	25	are	be	VERB
fbem-13763	80	26	many	many	ADJ
fbem-13763	80	27	retail	retail	ADJ
fbem-13763	80	28	investors	investor	NOUN
fbem-13763	80	29	in	in	ADP
fbem-13763	80	30	china	china	PROPN
fbem-13763	80	31	,	,	PUNCT
fbem-13763	80	32	more	more	ADV
fbem-13763	80	33	speculative	speculative	ADJ
fbem-13763	80	34	,	,	PUNCT
fbem-13763	80	35	the	the	DET
fbem-13763	80	36	risk	risk	NOUN
fbem-13763	80	37	management	management	NOUN
fbem-13763	80	38	function	function	NOUN
fbem-13763	80	39	of	of	ADP
fbem-13763	80	40	cotton	cotton	NOUN
fbem-13763	80	41	options	option	NOUN
fbem-13763	80	42	has	have	AUX
fbem-13763	80	43	not	not	PART
fbem-13763	80	44	been	be	AUX
fbem-13763	80	45	effectively	effectively	ADV
fbem-13763	80	46	played	play	VERB
fbem-13763	80	47	.	.	PUNCT
fbem-13763	81	1	in	in	ADP
fbem-13763	81	2	the	the	DET
fbem-13763	81	3	short	short	ADJ
fbem-13763	81	4	term	term	NOUN
fbem-13763	81	5	of	of	ADP
fbem-13763	81	6	the	the	DET
fbem-13763	81	7	launch	launch	NOUN
fbem-13763	81	8	of	of	ADP
fbem-13763	81	9	cotton	cotton	NOUN
fbem-13763	81	10	options	option	NOUN
fbem-13763	81	11	,	,	PUNCT
fbem-13763	81	12	𝛾	𝛾	PROPN
fbem-13763	81	13	is	be	AUX
fbem-13763	81	14	not	not	PART
fbem-13763	81	15	significant	significant	ADJ
fbem-13763	81	16	,	,	PUNCT
fbem-13763	81	17	and	and	CCONJ
fbem-13763	81	18	it	it	PRON
fbem-13763	81	19	is	be	AUX
fbem-13763	81	20	impossible	impossible	ADJ
fbem-13763	81	21	to	to	PART
fbem-13763	81	22	determine	determine	VERB
fbem-13763	81	23	the	the	DET
fbem-13763	81	24	impact	impact	NOUN
fbem-13763	81	25	of	of	ADP
fbem-13763	81	26	the	the	DET
fbem-13763	81	27	supply	supply	NOUN
fbem-13763	81	28	of	of	ADP
fbem-13763	81	29	anti	anti	ADJ
fbem-13763	81	30	-	-	ADJ
fbem-13763	81	31	epidemic	epidemic	ADJ
fbem-13763	81	32	policies	policy	NOUN
fbem-13763	81	33	on	on	ADP
fbem-13763	81	34	the	the	DET
fbem-13763	81	35	volatility	volatility	NOUN
fbem-13763	81	36	of	of	ADP
fbem-13763	81	37	futures	future	NOUN
fbem-13763	81	38	prices	price	NOUN
fbem-13763	81	39	after	after	ADP
fbem-13763	81	40	the	the	DET
fbem-13763	81	41	launch	launch	NOUN
fbem-13763	81	42	of	of	ADP
fbem-13763	81	43	cotton	cotton	NOUN
fbem-13763	81	44	options	option	NOUN
fbem-13763	81	45	.	.	PUNCT
fbem-13763	82	1	it	it	PRON
fbem-13763	82	2	may	may	AUX
fbem-13763	82	3	be	be	AUX
fbem-13763	82	4	because	because	SCONJ
fbem-13763	82	5	the	the	DET
fbem-13763	82	6	anti	anti	ADJ
fbem-13763	82	7	-	-	ADJ
fbem-13763	82	8	epidemic	epidemic	ADJ
fbem-13763	82	9	policy	policy	NOUN
fbem-13763	82	10	in	in	ADP
fbem-13763	82	11	the	the	DET
fbem-13763	82	12	short	short	ADJ
fbem-13763	82	13	term	term	NOUN
fbem-13763	82	14	of	of	ADP
fbem-13763	82	15	the	the	DET
fbem-13763	82	16	introduction	introduction	NOUN
fbem-13763	82	17	of	of	ADP
fbem-13763	82	18	cotton	cotton	NOUN
fbem-13763	82	19	options	option	NOUN
fbem-13763	82	20	has	have	AUX
fbem-13763	82	21	just	just	ADV
fbem-13763	82	22	been	be	AUX
fbem-13763	82	23	released	release	VERB
fbem-13763	82	24	,	,	PUNCT
fbem-13763	82	25	and	and	CCONJ
fbem-13763	82	26	the	the	DET
fbem-13763	82	27	effect	effect	NOUN
fbem-13763	82	28	of	of	ADP
fbem-13763	82	29	the	the	DET
fbem-13763	82	30	policy	policy	NOUN
fbem-13763	82	31	has	have	VERB
fbem-13763	82	32	a	a	DET
fbem-13763	82	33	time	time	NOUN
fbem-13763	82	34	lag	lag	NOUN
fbem-13763	82	35	,	,	PUNCT
fbem-13763	82	36	so	so	SCONJ
fbem-13763	82	37	it	it	PRON
fbem-13763	82	38	can	can	AUX
fbem-13763	82	39	not	not	PART
fbem-13763	82	40	be	be	AUX
fbem-13763	82	41	accurately	accurately	ADV
fbem-13763	82	42	measured	measure	VERB
fbem-13763	82	43	.	.	PUNCT
fbem-13763	83	1	in	in	ADP
fbem-13763	83	2	the	the	DET
fbem-13763	83	3	medium	medium	ADJ
fbem-13763	83	4	and	and	CCONJ
fbem-13763	83	5	long	long	ADJ
fbem-13763	83	6	term	term	NOUN
fbem-13763	83	7	after	after	ADP
fbem-13763	83	8	the	the	DET
fbem-13763	83	9	launch	launch	NOUN
fbem-13763	83	10	of	of	ADP
fbem-13763	83	11	cotton	cotton	NOUN
fbem-13763	83	12	options	option	NOUN
fbem-13763	83	13	,	,	PUNCT
fbem-13763	83	14	𝛾	𝛾	NOUN
fbem-13763	83	15	is	be	AUX
fbem-13763	83	16	less	less	ADJ
fbem-13763	83	17	than	than	ADP
fbem-13763	83	18	0	0	NUM
fbem-13763	83	19	and	and	CCONJ
fbem-13763	83	20	significant	significant	ADJ
fbem-13763	83	21	,	,	PUNCT
fbem-13763	83	22	indicating	indicate	VERB
fbem-13763	83	23	that	that	SCONJ
fbem-13763	83	24	after	after	ADP
fbem-13763	83	25	the	the	DET
fbem-13763	83	26	launch	launch	NOUN
fbem-13763	83	27	of	of	ADP
fbem-13763	83	28	cotton	cotton	NOUN
fbem-13763	83	29	options	option	NOUN
fbem-13763	83	30	,	,	PUNCT
fbem-13763	83	31	the	the	DET
fbem-13763	83	32	policy	policy	NOUN
fbem-13763	83	33	supply	supply	NOUN
fbem-13763	83	34	to	to	PART
fbem-13763	83	35	fight	fight	VERB
fbem-13763	83	36	against	against	ADP
fbem-13763	83	37	the	the	DET
fbem-13763	83	38	epidemic	epidemic	NOUN
fbem-13763	83	39	has	have	AUX
fbem-13763	83	40	played	play	VERB
fbem-13763	83	41	a	a	DET
fbem-13763	83	42	certain	certain	ADJ
fbem-13763	83	43	stabilizing	stabilize	VERB
fbem-13763	83	44	role	role	NOUN
fbem-13763	83	45	in	in	ADP
fbem-13763	83	46	the	the	DET
fbem-13763	83	47	futures	future	NOUN
fbem-13763	83	48	price	price	NOUN
fbem-13763	83	49	.	.	PUNCT
fbem-13763	84	1	the	the	DET
fbem-13763	84	2	reason	reason	NOUN
fbem-13763	84	3	may	may	AUX
fbem-13763	84	4	be	be	AUX
fbem-13763	84	5	that	that	SCONJ
fbem-13763	84	6	after	after	ADP
fbem-13763	84	7	the	the	DET
fbem-13763	84	8	outbreak	outbreak	NOUN
fbem-13763	84	9	of	of	ADP
fbem-13763	84	10	the	the	DET
fbem-13763	84	11	novel	novel	ADJ
fbem-13763	84	12	coronavirus	coronavirus	NOUN
fbem-13763	84	13	,	,	PUNCT
fbem-13763	84	14	the	the	DET
fbem-13763	84	15	country	country	NOUN
fbem-13763	84	16	has	have	AUX
fbem-13763	84	17	adopted	adopt	VERB
fbem-13763	84	18	a	a	DET
fbem-13763	84	19	series	series	NOUN
fbem-13763	84	20	of	of	ADP
fbem-13763	84	21	policies	policy	NOUN
fbem-13763	84	22	such	such	ADJ
fbem-13763	84	23	as	as	ADP
fbem-13763	84	24	issuing	issue	VERB
fbem-13763	84	25	special	special	ADJ
fbem-13763	84	26	loans	loan	NOUN
fbem-13763	84	27	and	and	CCONJ
fbem-13763	84	28	increasing	increase	VERB
fbem-13763	84	29	rediscount	rediscount	NOUN
fbem-13763	84	30	support	support	NOUN
fbem-13763	84	31	to	to	PART
fbem-13763	84	32	deal	deal	VERB
fbem-13763	84	33	with	with	ADP
fbem-13763	84	34	the	the	DET
fbem-13763	84	35	impact	impact	NOUN
fbem-13763	84	36	of	of	ADP
fbem-13763	84	37	sudden	sudden	ADJ
fbem-13763	84	38	public	public	ADJ
fbem-13763	84	39	health	health	NOUN
fbem-13763	84	40	events	event	NOUN
fbem-13763	84	41	such	such	ADJ
fbem-13763	84	42	as	as	ADP
fbem-13763	84	43	the	the	DET
fbem-13763	84	44	epidemic	epidemic	NOUN
fbem-13763	84	45	,	,	PUNCT
fbem-13763	84	46	which	which	PRON
fbem-13763	84	47	has	have	AUX
fbem-13763	84	48	stabilized	stabilize	VERB
fbem-13763	84	49	the	the	DET
fbem-13763	84	50	volatility	volatility	NOUN
fbem-13763	84	51	of	of	ADP
fbem-13763	84	52	futures	future	NOUN
fbem-13763	84	53	prices	price	NOUN
fbem-13763	84	54	to	to	ADP
fbem-13763	84	55	a	a	DET
fbem-13763	84	56	certain	certain	ADJ
fbem-13763	84	57	extent	extent	NOUN
fbem-13763	84	58	.	.	PUNCT
fbem-13763	85	1	table	table	NOUN
fbem-13763	85	2	4	4	NUM
fbem-13763	85	3	.	.	PUNCT
fbem-13763	86	1	the	the	DET
fbem-13763	86	2	results	result	NOUN
fbem-13763	86	3	of	of	ADP
fbem-13763	86	4	introducing	introduce	VERB
fbem-13763	86	5	two	two	NUM
fbem-13763	86	6	dummy	dummy	ADJ
fbem-13763	86	7	variables	variable	NOUN
fbem-13763	86	8	variable	variable	ADJ
fbem-13763	86	9	short	short	ADJ
fbem-13763	86	10	-	-	PUNCT
fbem-13763	86	11	term	term	NOUN
fbem-13763	86	12	effect	effect	NOUN
fbem-13763	86	13	medium	medium	ADJ
fbem-13763	86	14	and	and	CCONJ
fbem-13763	86	15	long	long	ADJ
fbem-13763	86	16	term	term	NOUN
fbem-13763	86	17	effect	effect	NOUN
fbem-13763	86	18	coefficient	coefficient	NOUN
fbem-13763	86	19	coefficient	coefficient	NOUN
fbem-13763	86	20	𝜑	𝜑	ADP
fbem-13763	86	21	0.4963	0.4963	NUM
fbem-13763	86	22	(	(	PUNCT
fbem-13763	86	23	0.6335	0.6335	NUM
fbem-13763	86	24	)	)	PUNCT
fbem-13763	86	25	-0.2800	-0.2800	NOUN
fbem-13763	86	26	(	(	PUNCT
fbem-13763	86	27	0.1899	0.1899	NUM
fbem-13763	86	28	)	)	PUNCT
fbem-13763	86	29	𝜃	𝜃	SYM
fbem-13763	86	30	-0.5142	-0.5142	X
fbem-13763	86	31	(	(	PUNCT
fbem-13763	86	32	0.6231	0.6231	NUM
fbem-13763	86	33	)	)	PUNCT
fbem-13763	86	34	0.3641	0.3641	NUM
fbem-13763	86	35	*	*	PUNCT
fbem-13763	86	36	*	*	PUNCT
fbem-13763	86	37	(	(	PUNCT
fbem-13763	86	38	0.1852	0.1852	NUM
fbem-13763	86	39	)	)	PUNCT
fbem-13763	86	40	𝛼	𝛼	NOUN
fbem-13763	86	41	5.64e-06	5.64e-06	NUM
fbem-13763	86	42	*	*	NOUN
fbem-13763	86	43	*	*	PUNCT
fbem-13763	86	44	*	*	PUNCT
fbem-13763	86	45	(	(	PUNCT
fbem-13763	86	46	1.78e-06	1.78e-06	NUM
fbem-13763	86	47	)	)	PUNCT
fbem-13763	86	48	7.86e-05	7.86e-05	NUM
fbem-13763	86	49	*	*	PUNCT
fbem-13763	86	50	*	*	PUNCT
fbem-13763	86	51	*	*	PUNCT
fbem-13763	86	52	(	(	PUNCT
fbem-13763	86	53	2.97e-06	2.97e-06	NUM
fbem-13763	86	54	)	)	PUNCT
fbem-13763	86	55	𝛼	𝛼	NOUN
fbem-13763	86	56	0.0304	0.0304	NUM
fbem-13763	86	57	*	*	PUNCT
fbem-13763	86	58	*	*	PUNCT
fbem-13763	86	59	*	*	PUNCT
fbem-13763	86	60	(	(	PUNCT
fbem-13763	86	61	0.0084	0.0084	NUM
fbem-13763	86	62	)	)	PUNCT
fbem-13763	86	63	0.3060	0.3060	NUM
fbem-13763	86	64	*	*	PUNCT
fbem-13763	86	65	*	*	PUNCT
fbem-13763	86	66	*	*	PUNCT
fbem-13763	86	67	(	(	PUNCT
fbem-13763	86	68	0.0139	0.0139	NUM
fbem-13763	86	69	)	)	PUNCT
fbem-13763	86	70	𝛽	𝛽	NOUN
fbem-13763	86	71	0.9225	0.9225	NUM
fbem-13763	86	72	*	*	PUNCT
fbem-13763	86	73	*	*	PUNCT
fbem-13763	86	74	*	*	PUNCT
fbem-13763	86	75	(	(	PUNCT
fbem-13763	86	76	0.0220	0.0220	NUM
fbem-13763	86	77	)	)	PUNCT
fbem-13763	86	78	0.6234	0.6234	NUM
fbem-13763	86	79	*	*	PUNCT
fbem-13763	86	80	*	*	PUNCT
fbem-13763	86	81	*	*	PUNCT
fbem-13763	86	82	(	(	PUNCT
fbem-13763	86	83	0.0116	0.0116	NUM
fbem-13763	86	84	)	)	PUNCT
fbem-13763	86	85	𝛾	𝛾	ADP
fbem-13763	86	86	2.11e-06	2.11e-06	NUM
fbem-13763	86	87	*	*	SYM
fbem-13763	86	88	(	(	PUNCT
fbem-13763	86	89	1.18e-06	1.18e-06	NUM
fbem-13763	86	90	)	)	PUNCT
fbem-13763	86	91	1.61e-05	1.61e-05	NUM
fbem-13763	86	92	*	*	NOUN
fbem-13763	86	93	*	*	PUNCT
fbem-13763	86	94	*	*	PUNCT
fbem-13763	86	95	(	(	PUNCT
fbem-13763	86	96	3.48e-06	3.48e-06	NUM
fbem-13763	86	97	)	)	PUNCT
fbem-13763	86	98	𝛾	𝛾	ADP
fbem-13763	86	99	0.0002	0.0002	NUM
fbem-13763	86	100	(	(	PUNCT
fbem-13763	86	101	0.0002	0.0002	NUM
fbem-13763	86	102	)	)	PUNCT
fbem-13763	86	103	-1.39e-05	-1.39e-05	NOUN
fbem-13763	86	104	*	*	PUNCT
fbem-13763	86	105	*	*	PUNCT
fbem-13763	86	106	*	*	PUNCT
fbem-13763	86	107	(	(	PUNCT
fbem-13763	86	108	2.89e-06	2.89e-06	NUM
fbem-13763	86	109	)	)	PUNCT
fbem-13763	86	110	f	f	NOUN
fbem-13763	86	111	-	-	PUNCT
fbem-13763	86	112	statistic	statistic	NOUN
fbem-13763	86	113	0.0838	0.0838	NUM
fbem-13763	86	114	0.2054	0.2054	NUM
fbem-13763	86	115	prob.f	prob.f	VERB
fbem-13763	86	116	0.7723	0.7723	NUM
fbem-13763	86	117	0.6505	0.6505	NUM
fbem-13763	86	118	obs*r	obs*r	NOUN
fbem-13763	86	119	-	-	PUNCT
fbem-13763	86	120	squared	square	VERB
fbem-13763	86	121	0.0842	0.0842	NUM
fbem-13763	86	122	0.2056	0.2056	NUM
fbem-13763	86	123	prob.chi	prob.chi	PROPN
fbem-13763	86	124	-	-	PUNCT
fbem-13763	86	125	square	square	ADJ
fbem-13763	86	126	0.7717	0.7717	NUM
fbem-13763	86	127	0.6502	0.6502	NUM
fbem-13763	86	128	note	note	NOUN
fbem-13763	86	129	:	:	PUNCT
fbem-13763	86	130	*	*	PUNCT
fbem-13763	86	131	*	*	PUNCT
fbem-13763	86	132	*	*	PUNCT
fbem-13763	86	133	,	,	PUNCT
fbem-13763	86	134	*	*	PUNCT
fbem-13763	86	135	*	*	PUNCT
fbem-13763	86	136	and	and	CCONJ
fbem-13763	86	137	*	*	AUX
fbem-13763	86	138	are	be	AUX
fbem-13763	86	139	significance	significance	NOUN
fbem-13763	86	140	levels	level	NOUN
fbem-13763	86	141	of	of	ADP
fbem-13763	86	142	1	1	NUM
fbem-13763	86	143	%	%	NOUN
fbem-13763	86	144	,	,	PUNCT
fbem-13763	86	145	5	5	NUM
fbem-13763	86	146	%	%	NOUN
fbem-13763	86	147	and	and	CCONJ
fbem-13763	86	148	10	10	NUM
fbem-13763	86	149	%	%	NOUN
fbem-13763	86	150	respectively	respectively	ADV
fbem-13763	86	151	,	,	PUNCT
fbem-13763	86	152	with	with	ADP
fbem-13763	86	153	standard	standard	ADJ
fbem-13763	86	154	error	error	NOUN
fbem-13763	86	155	values	value	NOUN
fbem-13763	86	156	in	in	ADP
fbem-13763	86	157	brackets	bracket	NOUN
fbem-13763	86	158	.	.	PUNCT
fbem-13763	87	1	the	the	DET
fbem-13763	87	2	same	same	ADJ
fbem-13763	87	3	below	below	ADV
fbem-13763	87	4	.	.	PUNCT
fbem-13763	88	1	85	85	NUM
fbem-13763	88	2	4.3	4.3	NUM
fbem-13763	88	3	.	.	PUNCT
fbem-13763	89	1	robustness	robustness	NOUN
fbem-13763	89	2	test	test	NOUN
fbem-13763	89	3	in	in	ADP
fbem-13763	89	4	order	order	NOUN
fbem-13763	89	5	to	to	PART
fbem-13763	89	6	ensure	ensure	VERB
fbem-13763	89	7	the	the	DET
fbem-13763	89	8	credibility	credibility	NOUN
fbem-13763	89	9	and	and	CCONJ
fbem-13763	89	10	validity	validity	NOUN
fbem-13763	89	11	of	of	ADP
fbem-13763	89	12	the	the	DET
fbem-13763	89	13	research	research	NOUN
fbem-13763	89	14	conclusions	conclusion	NOUN
fbem-13763	89	15	,	,	PUNCT
fbem-13763	89	16	this	this	DET
fbem-13763	89	17	paper	paper	NOUN
fbem-13763	89	18	constructs	construct	VERB
fbem-13763	89	19	a	a	DET
fbem-13763	89	20	garch	garch	NOUN
fbem-13763	89	21	-	-	PUNCT
fbem-13763	89	22	m	m	NOUN
fbem-13763	89	23	model	model	NOUN
fbem-13763	89	24	to	to	PART
fbem-13763	89	25	test	test	VERB
fbem-13763	89	26	the	the	DET
fbem-13763	89	27	robustness	robustness	NOUN
fbem-13763	89	28	of	of	ADP
fbem-13763	89	29	the	the	DET
fbem-13763	89	30	above	above	ADJ
fbem-13763	89	31	fitting	fitting	ADJ
fbem-13763	89	32	results	result	NOUN
fbem-13763	89	33	.	.	PUNCT
fbem-13763	90	1	considering	consider	VERB
fbem-13763	90	2	the	the	DET
fbem-13763	90	3	minimum	minimum	ADJ
fbem-13763	90	4	information	information	NOUN
fbem-13763	90	5	criterion	criterion	NOUN
fbem-13763	90	6	and	and	CCONJ
fbem-13763	90	7	parameter	parameter	NOUN
fbem-13763	90	8	significance	significance	NOUN
fbem-13763	90	9	comprehensively	comprehensively	ADV
fbem-13763	90	10	,	,	PUNCT
fbem-13763	90	11	the	the	DET
fbem-13763	90	12	garch	garch	NOUN
fbem-13763	90	13	-	-	PUNCT
fbem-13763	90	14	m	m	PROPN
fbem-13763	90	15	(	(	PUNCT
fbem-13763	90	16	1,1	1,1	NUM
fbem-13763	90	17	)	)	PUNCT
fbem-13763	90	18	model	model	NOUN
fbem-13763	90	19	is	be	AUX
fbem-13763	90	20	established	establish	VERB
fbem-13763	90	21	for	for	ADP
fbem-13763	90	22	both	both	DET
fbem-13763	90	23	yield	yield	NOUN
fbem-13763	90	24	series	serie	NOUN
fbem-13763	90	25	.	.	PUNCT
fbem-13763	91	1	the	the	DET
fbem-13763	91	2	garch	garch	NOUN
fbem-13763	91	3	-	-	PUNCT
fbem-13763	91	4	m	m	PROPN
fbem-13763	91	5	(	(	PUNCT
fbem-13763	91	6	1,1	1,1	NUM
fbem-13763	91	7	)	)	PUNCT
fbem-13763	91	8	expressions	expression	NOUN
fbem-13763	91	9	introducing	introduce	VERB
fbem-13763	91	10	two	two	NUM
fbem-13763	91	11	virtual	virtual	ADJ
fbem-13763	91	12	variables	variable	NOUN
fbem-13763	91	13	are	be	AUX
fbem-13763	91	14	as	as	SCONJ
fbem-13763	91	15	follows	follow	VERB
fbem-13763	91	16	:	:	PUNCT
fbem-13763	91	17	t	t	PROPN
fbem-13763	91	18	2	2	NUM
fbem-13763	91	19	t11t1	t11t1	NUM
fbem-13763	91	20	t	t	NOUN
fbem-13763	91	21	εlnσρrr	εlnσρrr	PROPN
fbem-13763	91	22			VERB
fbem-13763	91	23			PROPN
fbem-13763	91	24	(	(	PUNCT
fbem-13763	91	25	5	5	X
fbem-13763	91	26	)	)	PUNCT
fbem-13763	91	27	zcgjγyearγlnσβεααlnσ	zcgjγyearγlnσβεααlnσ	NOUN
fbem-13763	91	28	21	21	NUM
fbem-13763	91	29	2	2	NUM
fbem-13763	91	30	1t1	1t1	NUM
fbem-13763	91	31	2	2	NUM
fbem-13763	91	32	1t10	1t10	NUM
fbem-13763	91	33	2	2	NUM
fbem-13763	91	34	t	t	NOUN
fbem-13763	91	35			NOUN
fbem-13763	91	36			PROPN
fbem-13763	91	37	(	(	PUNCT
fbem-13763	91	38	6	6	NUM
fbem-13763	91	39	)	)	PUNCT
fbem-13763	91	40	equation	equation	NOUN
fbem-13763	91	41	(	(	PUNCT
fbem-13763	91	42	5	5	NUM
fbem-13763	91	43	)	)	PUNCT
fbem-13763	91	44	is	be	AUX
fbem-13763	91	45	the	the	DET
fbem-13763	91	46	mean	mean	ADJ
fbem-13763	91	47	value	value	NOUN
fbem-13763	91	48	equation	equation	NOUN
fbem-13763	91	49	.	.	PUNCT
fbem-13763	92	1	equation	equation	NOUN
fbem-13763	92	2	(	(	PUNCT
fbem-13763	92	3	6	6	NUM
fbem-13763	92	4	)	)	PUNCT
fbem-13763	92	5	is	be	AUX
fbem-13763	92	6	the	the	DET
fbem-13763	92	7	variance	variance	NOUN
fbem-13763	92	8	equation	equation	NOUN
fbem-13763	92	9	.	.	PUNCT
fbem-13763	93	1	where	where	SCONJ
fbem-13763	93	2	ln𝜎	ln𝜎	NOUN
fbem-13763	93	3	can	can	AUX
fbem-13763	93	4	be	be	AUX
fbem-13763	93	5	replaced	replace	VERB
fbem-13763	93	6	by	by	ADP
fbem-13763	93	7	𝜎	𝜎	PROPN
fbem-13763	93	8	or	or	CCONJ
fbem-13763	93	9	𝜎	𝜎	NOUN
fbem-13763	93	10	;	;	PUNCT
fbem-13763	93	11	𝜌	𝜌	PART
fbem-13763	93	12	represents	represent	VERB
fbem-13763	93	13	the	the	DET
fbem-13763	93	14	reward	reward	NOUN
fbem-13763	93	15	for	for	ADP
fbem-13763	93	16	taking	take	VERB
fbem-13763	93	17	risks	risk	NOUN
fbem-13763	93	18	.	.	PUNCT
fbem-13763	94	1	robustness	robustness	NOUN
fbem-13763	94	2	test	test	NOUN
fbem-13763	94	3	results	result	NOUN
fbem-13763	94	4	table	table	NOUN
fbem-13763	94	5	5	5	NUM
fbem-13763	94	6	shows	show	VERB
fbem-13763	94	7	that	that	SCONJ
fbem-13763	94	8	the	the	DET
fbem-13763	94	9	symbols	symbol	NOUN
fbem-13763	94	10	of	of	ADP
fbem-13763	94	11	𝛾	𝛾	PROPN
fbem-13763	94	12	and	and	CCONJ
fbem-13763	94	13	𝛾	𝛾	X
fbem-13763	94	14	in	in	ADP
fbem-13763	94	15	the	the	DET
fbem-13763	94	16	introduction	introduction	NOUN
fbem-13763	94	17	of	of	ADP
fbem-13763	94	18	double	double	ADJ
fbem-13763	94	19	dummy	dummy	ADJ
fbem-13763	94	20	variables	variable	NOUN
fbem-13763	94	21	garch	garch	NOUN
fbem-13763	94	22	-	-	PUNCT
fbem-13763	94	23	m	m	PROPN
fbem-13763	94	24	(	(	PUNCT
fbem-13763	94	25	1,1	1,1	NUM
fbem-13763	94	26	)	)	PUNCT
fbem-13763	94	27	are	be	AUX
fbem-13763	94	28	the	the	DET
fbem-13763	94	29	same	same	ADJ
fbem-13763	94	30	as	as	ADP
fbem-13763	94	31	those	those	PRON
fbem-13763	94	32	in	in	ADP
fbem-13763	94	33	the	the	DET
fbem-13763	94	34	introduction	introduction	NOUN
fbem-13763	94	35	of	of	ADP
fbem-13763	94	36	double	double	ADJ
fbem-13763	94	37	dummy	dummy	ADJ
fbem-13763	94	38	variables	variable	NOUN
fbem-13763	94	39	arma(1,1)-garch(1,1	arma(1,1)-garch(1,1	ADP
fbem-13763	94	40	)	)	PUNCT
fbem-13763	94	41	,	,	PUNCT
fbem-13763	94	42	with	with	ADP
fbem-13763	94	43	the	the	DET
fbem-13763	94	44	same	same	ADJ
fbem-13763	94	45	significance	significance	NOUN
fbem-13763	94	46	,	,	PUNCT
fbem-13763	94	47	no	no	DET
fbem-13763	94	48	matter	matter	NOUN
fbem-13763	94	49	in	in	ADP
fbem-13763	94	50	the	the	DET
fbem-13763	94	51	short	short	ADJ
fbem-13763	94	52	or	or	CCONJ
fbem-13763	94	53	medium	medium	ADJ
fbem-13763	94	54	term	term	NOUN
fbem-13763	94	55	of	of	ADP
fbem-13763	94	56	the	the	DET
fbem-13763	94	57	introduction	introduction	NOUN
fbem-13763	94	58	of	of	ADP
fbem-13763	94	59	cotton	cotton	NOUN
fbem-13763	94	60	option	option	NOUN
fbem-13763	94	61	.	.	PUNCT
fbem-13763	95	1	on	on	ADP
fbem-13763	95	2	the	the	DET
fbem-13763	95	3	whole	whole	NOUN
fbem-13763	95	4	,	,	PUNCT
fbem-13763	95	5	the	the	DET
fbem-13763	95	6	regression	regression	NOUN
fbem-13763	95	7	results	result	NOUN
fbem-13763	95	8	of	of	ADP
fbem-13763	95	9	this	this	DET
fbem-13763	95	10	paper	paper	NOUN
fbem-13763	95	11	are	be	AUX
fbem-13763	95	12	relatively	relatively	ADV
fbem-13763	95	13	robust	robust	ADJ
fbem-13763	95	14	,	,	PUNCT
fbem-13763	95	15	which	which	PRON
fbem-13763	95	16	strengthens	strengthen	VERB
fbem-13763	95	17	the	the	DET
fbem-13763	95	18	conclusion	conclusion	NOUN
fbem-13763	95	19	that	that	SCONJ
fbem-13763	95	20	the	the	DET
fbem-13763	95	21	introduction	introduction	NOUN
fbem-13763	95	22	of	of	ADP
fbem-13763	95	23	cotton	cotton	NOUN
fbem-13763	95	24	options	option	NOUN
fbem-13763	95	25	has	have	AUX
fbem-13763	95	26	an	an	DET
fbem-13763	95	27	impact	impact	NOUN
fbem-13763	95	28	on	on	ADP
fbem-13763	95	29	the	the	DET
fbem-13763	95	30	price	price	NOUN
fbem-13763	95	31	fluctuation	fluctuation	NOUN
fbem-13763	95	32	of	of	ADP
fbem-13763	95	33	the	the	DET
fbem-13763	95	34	underlying	underlie	VERB
fbem-13763	95	35	futures	future	NOUN
fbem-13763	95	36	in	in	ADP
fbem-13763	95	37	the	the	DET
fbem-13763	95	38	short	short	ADJ
fbem-13763	95	39	and	and	CCONJ
fbem-13763	95	40	medium	medium	ADJ
fbem-13763	95	41	term	term	NOUN
fbem-13763	95	42	.	.	PUNCT
fbem-13763	96	1	table	table	NOUN
fbem-13763	96	2	5	5	NUM
fbem-13763	96	3	.	.	PUNCT
fbem-13763	96	4	robustness	robustness	NOUN
fbem-13763	96	5	test	test	NOUN
fbem-13763	96	6	of	of	ADP
fbem-13763	96	7	cotton	cotton	NOUN
fbem-13763	96	8	option	option	NOUN
fbem-13763	96	9	launch	launch	NOUN
fbem-13763	96	10	effect	effect	NOUN
fbem-13763	96	11	variable	variable	ADJ
fbem-13763	96	12	short	short	ADJ
fbem-13763	96	13	-	-	PUNCT
fbem-13763	96	14	term	term	NOUN
fbem-13763	96	15	effect	effect	NOUN
fbem-13763	96	16	medium	medium	ADJ
fbem-13763	96	17	and	and	CCONJ
fbem-13763	96	18	long	long	ADJ
fbem-13763	96	19	term	term	NOUN
fbem-13763	96	20	effect	effect	NOUN
fbem-13763	96	21	coefficient	coefficient	NOUN
fbem-13763	96	22	coefficient	coefficient	NOUN
fbem-13763	96	23	𝜑	𝜑	PRON
fbem-13763	96	24	-0.0137	-0.0137	PROPN
fbem-13763	96	25	(	(	PUNCT
fbem-13763	96	26	0.0508	0.0508	NUM
fbem-13763	96	27	)	)	PUNCT
fbem-13763	96	28	-0.0205	-0.0205	NOUN
fbem-13763	96	29	(	(	PUNCT
fbem-13763	96	30	0.0256	0.0256	NUM
fbem-13763	96	31	)	)	PUNCT
fbem-13763	96	32	𝜌	𝜌	ADP
fbem-13763	96	33	1.64e-05	1.64e-05	NUM
fbem-13763	96	34	(	(	PUNCT
fbem-13763	96	35	6.36e-05	6.36e-05	NUM
fbem-13763	96	36	)	)	PUNCT
fbem-13763	96	37	-6.05e-05	-6.05e-05	NOUN
fbem-13763	96	38	*	*	PUNCT
fbem-13763	96	39	(	(	PUNCT
fbem-13763	96	40	3.46e-05	3.46e-05	NUM
fbem-13763	96	41	)	)	PUNCT
fbem-13763	96	42	𝛼	𝛼	PRON
fbem-13763	96	43	5.84e-06	5.84e-06	NOUN
fbem-13763	96	44	*	*	NOUN
fbem-13763	96	45	*	*	PUNCT
fbem-13763	96	46	*	*	PUNCT
fbem-13763	96	47	(	(	PUNCT
fbem-13763	96	48	1.93e-06	1.93e-06	NUM
fbem-13763	96	49	)	)	PUNCT
fbem-13763	96	50	1.76e-05	1.76e-05	NUM
fbem-13763	96	51	*	*	PUNCT
fbem-13763	96	52	*	*	PUNCT
fbem-13763	96	53	*	*	PUNCT
fbem-13763	96	54	(	(	PUNCT
fbem-13763	96	55	1.77e-06	1.77e-06	NUM
fbem-13763	96	56	)	)	PUNCT
fbem-13763	96	57	𝛼	𝛼	NOUN
fbem-13763	96	58	0.0304	0.0304	NUM
fbem-13763	96	59	*	*	PUNCT
fbem-13763	96	60	*	*	PUNCT
fbem-13763	96	61	*	*	PUNCT
fbem-13763	96	62	(	(	PUNCT
fbem-13763	96	63	0.0082	0.0082	NUM
fbem-13763	96	64	)	)	PUNCT
fbem-13763	96	65	0.1227	0.1227	NUM
fbem-13763	96	66	*	*	PUNCT
fbem-13763	97	1	*	*	PUNCT
fbem-13763	97	2	*	*	PUNCT
fbem-13763	97	3	(	(	PUNCT
fbem-13763	97	4	0.0102	0.0102	NUM
fbem-13763	97	5	)	)	PUNCT
fbem-13763	97	6	𝛽	𝛽	NOUN
fbem-13763	97	7	0.9207	0.9207	NUM
fbem-13763	97	8	*	*	PUNCT
fbem-13763	97	9	*	*	PUNCT
fbem-13763	97	10	*	*	PUNCT
fbem-13763	97	11	(	(	PUNCT
fbem-13763	97	12	0.0230	0.0230	NUM
fbem-13763	97	13	)	)	PUNCT
fbem-13763	97	14	0.7979	0.7979	NUM
fbem-13763	97	15	*	*	PUNCT
fbem-13763	97	16	*	*	PUNCT
fbem-13763	97	17	*	*	PUNCT
fbem-13763	97	18	(	(	PUNCT
fbem-13763	97	19	0.0153	0.0153	NUM
fbem-13763	97	20	)	)	PUNCT
fbem-13763	97	21	𝛾	𝛾	ADP
fbem-13763	97	22	2.19e-06	2.19e-06	NUM
fbem-13763	97	23	*	*	PUNCT
fbem-13763	97	24	(	(	PUNCT
fbem-13763	97	25	1.22e-06	1.22e-06	NUM
fbem-13763	97	26	)	)	PUNCT
fbem-13763	97	27	6.93e-06	6.93e-06	NUM
fbem-13763	97	28	*	*	NOUN
fbem-13763	97	29	*	*	PUNCT
fbem-13763	97	30	*	*	PUNCT
fbem-13763	97	31	(	(	PUNCT
fbem-13763	97	32	1.90e-06	1.90e-06	NUM
fbem-13763	97	33	)	)	PUNCT
fbem-13763	97	34	𝛾	𝛾	ADP
fbem-13763	97	35	0.0002	0.0002	NUM
fbem-13763	97	36	(	(	PUNCT
fbem-13763	97	37	0.0002	0.0002	NUM
fbem-13763	97	38	)	)	PUNCT
fbem-13763	97	39	-3.97e-06	-3.97e-06	NOUN
fbem-13763	97	40	*	*	NOUN
fbem-13763	97	41	*	*	PUNCT
fbem-13763	97	42	(	(	PUNCT
fbem-13763	97	43	1.88e-06	1.88e-06	NUM
fbem-13763	97	44	)	)	PUNCT
fbem-13763	97	45	f	f	NOUN
fbem-13763	97	46	-	-	PUNCT
fbem-13763	97	47	statistic	statistic	VERB
fbem-13763	97	48	0.0627	0.0627	NOUN
fbem-13763	97	49	0.3686	0.3686	NUM
fbem-13763	97	50	prob.f	prob.f	NOUN
fbem-13763	97	51	0.8024	0.8024	NUM
fbem-13763	97	52	0.5439	0.5439	NUM
fbem-13763	97	53	obs*r	obs*r	NOUN
fbem-13763	97	54	-	-	PUNCT
fbem-13763	97	55	squared	square	VERB
fbem-13763	97	56	0.0629	0.0629	NUM
fbem-13763	97	57	0.3689	0.3689	NUM
fbem-13763	97	58	prob.chi	prob.chi	NOUN
fbem-13763	97	59	-	-	PUNCT
fbem-13763	97	60	square	square	ADJ
fbem-13763	97	61	0.8019	0.8019	NUM
fbem-13763	97	62	0.5436	0.5436	NUM
fbem-13763	97	63	5	5	NUM
fbem-13763	97	64	.	.	PUNCT
fbem-13763	97	65	conclusions	conclusion	NOUN
fbem-13763	97	66	and	and	CCONJ
fbem-13763	97	67	recommendations	recommendation	NOUN
fbem-13763	97	68	in	in	ADP
fbem-13763	97	69	this	this	DET
fbem-13763	97	70	paper	paper	NOUN
fbem-13763	97	71	,	,	PUNCT
fbem-13763	97	72	the	the	DET
fbem-13763	97	73	arma	arma	ADJ
fbem-13763	97	74	-	-	PUNCT
fbem-13763	97	75	garch	garch	NOUN
fbem-13763	97	76	model	model	NOUN
fbem-13763	97	77	with	with	ADP
fbem-13763	97	78	two	two	NUM
fbem-13763	97	79	dummy	dummy	ADJ
fbem-13763	97	80	variables	variable	NOUN
fbem-13763	97	81	is	be	AUX
fbem-13763	97	82	established	establish	VERB
fbem-13763	97	83	to	to	PART
fbem-13763	97	84	empirically	empirically	ADV
fbem-13763	97	85	test	test	VERB
fbem-13763	97	86	the	the	DET
fbem-13763	97	87	impact	impact	NOUN
fbem-13763	97	88	of	of	ADP
fbem-13763	97	89	cotton	cotton	NOUN
fbem-13763	97	90	options	option	NOUN
fbem-13763	97	91	on	on	ADP
fbem-13763	97	92	the	the	DET
fbem-13763	97	93	price	price	NOUN
fbem-13763	97	94	fluctuation	fluctuation	NOUN
fbem-13763	97	95	of	of	ADP
fbem-13763	97	96	the	the	DET
fbem-13763	97	97	underlying	underlie	VERB
fbem-13763	97	98	futures	future	NOUN
fbem-13763	97	99	in	in	ADP
fbem-13763	97	100	the	the	DET
fbem-13763	97	101	short	short	ADJ
fbem-13763	97	102	and	and	CCONJ
fbem-13763	97	103	medium	medium	ADJ
fbem-13763	97	104	term	term	NOUN
fbem-13763	97	105	.	.	PUNCT
fbem-13763	98	1	the	the	DET
fbem-13763	98	2	main	main	ADJ
fbem-13763	98	3	conclusions	conclusion	NOUN
fbem-13763	98	4	are	be	AUX
fbem-13763	98	5	as	as	SCONJ
fbem-13763	98	6	follows	follow	VERB
fbem-13763	98	7	:	:	PUNCT
fbem-13763	98	8	(	(	PUNCT
fbem-13763	98	9	1	1	X
fbem-13763	98	10	)	)	PUNCT
fbem-13763	98	11	the	the	DET
fbem-13763	98	12	launch	launch	NOUN
fbem-13763	98	13	of	of	ADP
fbem-13763	98	14	cotton	cotton	NOUN
fbem-13763	98	15	options	option	NOUN
fbem-13763	98	16	intensified	intensify	VERB
fbem-13763	98	17	the	the	DET
fbem-13763	98	18	price	price	NOUN
fbem-13763	98	19	volatility	volatility	NOUN
fbem-13763	98	20	of	of	ADP
fbem-13763	98	21	the	the	DET
fbem-13763	98	22	underlying	underlie	VERB
fbem-13763	98	23	futures	future	NOUN
fbem-13763	98	24	in	in	ADP
fbem-13763	98	25	the	the	DET
fbem-13763	98	26	short	short	ADJ
fbem-13763	98	27	term	term	NOUN
fbem-13763	98	28	,	,	PUNCT
fbem-13763	98	29	and	and	CCONJ
fbem-13763	98	30	the	the	DET
fbem-13763	98	31	volatility	volatility	NOUN
fbem-13763	98	32	intensified	intensify	VERB
fbem-13763	98	33	in	in	ADP
fbem-13763	98	34	the	the	DET
fbem-13763	98	35	medium	medium	ADJ
fbem-13763	98	36	and	and	CCONJ
fbem-13763	98	37	long	long	ADJ
fbem-13763	98	38	term	term	NOUN
fbem-13763	98	39	.	.	PUNCT
fbem-13763	99	1	(	(	PUNCT
fbem-13763	99	2	2	2	X
fbem-13763	99	3	)	)	PUNCT
fbem-13763	99	4	after	after	ADP
fbem-13763	99	5	the	the	DET
fbem-13763	99	6	launch	launch	NOUN
fbem-13763	99	7	of	of	ADP
fbem-13763	99	8	cotton	cotton	NOUN
fbem-13763	99	9	options	option	NOUN
fbem-13763	99	10	,	,	PUNCT
fbem-13763	99	11	the	the	DET
fbem-13763	99	12	supply	supply	NOUN
fbem-13763	99	13	of	of	ADP
fbem-13763	99	14	national	national	ADJ
fbem-13763	99	15	policies	policy	NOUN
fbem-13763	99	16	to	to	PART
fbem-13763	99	17	fight	fight	VERB
fbem-13763	99	18	against	against	ADP
fbem-13763	99	19	the	the	DET
fbem-13763	99	20	epidemic	epidemic	NOUN
fbem-13763	99	21	played	play	VERB
fbem-13763	99	22	a	a	DET
fbem-13763	99	23	certain	certain	ADJ
fbem-13763	99	24	stabilizing	stabilize	VERB
fbem-13763	99	25	role	role	NOUN
fbem-13763	99	26	in	in	ADP
fbem-13763	99	27	the	the	DET
fbem-13763	99	28	volatility	volatility	NOUN
fbem-13763	99	29	of	of	ADP
fbem-13763	99	30	futures	future	NOUN
fbem-13763	99	31	prices	price	NOUN
fbem-13763	99	32	,	,	PUNCT
fbem-13763	99	33	but	but	CCONJ
fbem-13763	99	34	the	the	DET
fbem-13763	99	35	policy	policy	NOUN
fbem-13763	99	36	effect	effect	NOUN
fbem-13763	99	37	has	have	VERB
fbem-13763	99	38	a	a	DET
fbem-13763	99	39	time	time	NOUN
fbem-13763	99	40	lag	lag	NOUN
fbem-13763	99	41	.	.	PUNCT
fbem-13763	100	1	based	base	VERB
fbem-13763	100	2	on	on	ADP
fbem-13763	100	3	the	the	DET
fbem-13763	100	4	above	above	ADJ
fbem-13763	100	5	research	research	NOUN
fbem-13763	100	6	conclusions	conclusion	NOUN
fbem-13763	100	7	,	,	PUNCT
fbem-13763	100	8	this	this	DET
fbem-13763	100	9	paper	paper	NOUN
fbem-13763	100	10	puts	put	VERB
fbem-13763	100	11	forward	forward	ADV
fbem-13763	100	12	the	the	DET
fbem-13763	100	13	following	follow	VERB
fbem-13763	100	14	suggestions	suggestion	NOUN
fbem-13763	100	15	.	.	PUNCT
fbem-13763	101	1	(	(	PUNCT
fbem-13763	101	2	1	1	X
fbem-13763	101	3	)	)	PUNCT
fbem-13763	101	4	encourage	encourage	VERB
fbem-13763	101	5	institutional	institutional	ADJ
fbem-13763	101	6	investors	investor	NOUN
fbem-13763	101	7	to	to	PART
fbem-13763	101	8	use	use	VERB
fbem-13763	101	9	cotton	cotton	NOUN
fbem-13763	101	10	options	option	NOUN
fbem-13763	101	11	and	and	CCONJ
fbem-13763	101	12	futures	future	NOUN
fbem-13763	101	13	to	to	PART
fbem-13763	101	14	manage	manage	VERB
fbem-13763	101	15	risk	risk	NOUN
fbem-13763	101	16	.	.	PUNCT
fbem-13763	102	1	through	through	ADP
fbem-13763	102	2	preferential	preferential	ADJ
fbem-13763	102	3	policies	policy	NOUN
fbem-13763	102	4	or	or	CCONJ
fbem-13763	102	5	institutional	institutional	ADJ
fbem-13763	102	6	incentives	incentive	NOUN
fbem-13763	102	7	,	,	PUNCT
fbem-13763	102	8	gradually	gradually	ADV
fbem-13763	102	9	optimize	optimize	VERB
fbem-13763	102	10	the	the	DET
fbem-13763	102	11	structure	structure	NOUN
fbem-13763	102	12	of	of	ADP
fbem-13763	102	13	investors	investor	NOUN
fbem-13763	102	14	in	in	ADP
fbem-13763	102	15	the	the	DET
fbem-13763	102	16	futures	future	NOUN
fbem-13763	102	17	market	market	NOUN
fbem-13763	102	18	,	,	PUNCT
fbem-13763	102	19	improve	improve	VERB
fbem-13763	102	20	the	the	DET
fbem-13763	102	21	professional	professional	ADJ
fbem-13763	102	22	level	level	NOUN
fbem-13763	102	23	of	of	ADP
fbem-13763	102	24	investors	investor	NOUN
fbem-13763	102	25	,	,	PUNCT
fbem-13763	102	26	and	and	CCONJ
fbem-13763	102	27	reduce	reduce	VERB
fbem-13763	102	28	the	the	DET
fbem-13763	102	29	occurrence	occurrence	NOUN
fbem-13763	102	30	of	of	ADP
fbem-13763	102	31	irrational	irrational	ADJ
fbem-13763	102	32	behaviors	behavior	NOUN
fbem-13763	102	33	such	such	ADJ
fbem-13763	102	34	as	as	ADP
fbem-13763	102	35	speculative	speculative	ADJ
fbem-13763	102	36	trading	trading	NOUN
fbem-13763	102	37	.	.	PUNCT
fbem-13763	103	1	actively	actively	ADV
fbem-13763	103	2	use	use	VERB
fbem-13763	103	3	cotton	cotton	NOUN
fbem-13763	103	4	options	option	NOUN
fbem-13763	103	5	and	and	CCONJ
fbem-13763	103	6	cotton	cotton	NOUN
fbem-13763	103	7	futures	future	NOUN
fbem-13763	103	8	hedging	hedging	NOUN
fbem-13763	103	9	tools	tool	NOUN
fbem-13763	103	10	to	to	PART
fbem-13763	103	11	reduce	reduce	VERB
fbem-13763	103	12	the	the	DET
fbem-13763	103	13	exposure	exposure	NOUN
fbem-13763	103	14	of	of	ADP
fbem-13763	103	15	entities	entity	NOUN
fbem-13763	103	16	to	to	ADP
fbem-13763	103	17	the	the	DET
fbem-13763	103	18	wind	wind	NOUN
fbem-13763	103	19	direction	direction	NOUN
fbem-13763	103	20	.	.	PUNCT
fbem-13763	104	1	(	(	PUNCT
fbem-13763	104	2	2	2	X
fbem-13763	104	3	)	)	PUNCT
fbem-13763	104	4	establish	establish	VERB
fbem-13763	104	5	a	a	DET
fbem-13763	104	6	risk	risk	NOUN
fbem-13763	104	7	prevention	prevention	NOUN
fbem-13763	104	8	and	and	CCONJ
fbem-13763	104	9	control	control	NOUN
fbem-13763	104	10	mechanism	mechanism	NOUN
fbem-13763	104	11	for	for	ADP
fbem-13763	104	12	unexpected	unexpected	ADJ
fbem-13763	104	13	public	public	ADJ
fbem-13763	104	14	crises	crisis	NOUN
fbem-13763	104	15	.	.	PUNCT
fbem-13763	105	1	focus	focus	VERB
fbem-13763	105	2	on	on	ADP
fbem-13763	105	3	and	and	CCONJ
fbem-13763	105	4	monitor	monitor	VERB
fbem-13763	105	5	the	the	DET
fbem-13763	105	6	risk	risk	NOUN
fbem-13763	105	7	impact	impact	NOUN
fbem-13763	105	8	of	of	ADP
fbem-13763	105	9	sudden	sudden	ADJ
fbem-13763	105	10	public	public	ADJ
fbem-13763	105	11	crisis	crisis	NOUN
fbem-13763	105	12	events	event	NOUN
fbem-13763	105	13	on	on	ADP
fbem-13763	105	14	the	the	DET
fbem-13763	105	15	cotton	cotton	NOUN
fbem-13763	105	16	futures	future	NOUN
fbem-13763	105	17	market	market	NOUN
fbem-13763	105	18	,	,	PUNCT
fbem-13763	105	19	transform	transform	VERB
fbem-13763	105	20	post	post	NOUN
fbem-13763	105	21	-	-	ADJ
fbem-13763	105	22	prevention	prevention	NOUN
fbem-13763	105	23	to	to	ADP
fbem-13763	105	24	preprevention	preprevention	NOUN
fbem-13763	105	25	,	,	PUNCT
fbem-13763	105	26	improve	improve	VERB
fbem-13763	105	27	the	the	DET
fbem-13763	105	28	management	management	NOUN
fbem-13763	105	29	information	information	NOUN
fbem-13763	105	30	system	system	NOUN
fbem-13763	105	31	equipment	equipment	NOUN
fbem-13763	105	32	,	,	PUNCT
fbem-13763	105	33	and	and	CCONJ
fbem-13763	105	34	accurately	accurately	ADV
fbem-13763	105	35	and	and	CCONJ
fbem-13763	105	36	effectively	effectively	ADV
fbem-13763	105	37	regulate	regulate	VERB
fbem-13763	105	38	the	the	DET
fbem-13763	105	39	risk	risk	NOUN
fbem-13763	105	40	management	management	NOUN
fbem-13763	105	41	of	of	ADP
fbem-13763	105	42	cotton	cotton	NOUN
fbem-13763	105	43	options	option	NOUN
fbem-13763	105	44	and	and	CCONJ
fbem-13763	105	45	cotton	cotton	NOUN
fbem-13763	105	46	futures	future	NOUN
fbem-13763	105	47	market	market	NOUN
fbem-13763	105	48	.	.	PUNCT
fbem-13763	106	1	(	(	PUNCT
fbem-13763	106	2	3	3	X
fbem-13763	106	3	)	)	PUNCT
fbem-13763	106	4	popularize	popularize	VERB
fbem-13763	106	5	the	the	DET
fbem-13763	106	6	knowledge	knowledge	NOUN
fbem-13763	106	7	of	of	ADP
fbem-13763	106	8	options	option	NOUN
fbem-13763	106	9	and	and	CCONJ
fbem-13763	106	10	futures	future	NOUN
fbem-13763	106	11	and	and	CCONJ
fbem-13763	106	12	improve	improve	VERB
fbem-13763	106	13	the	the	DET
fbem-13763	106	14	transparency	transparency	NOUN
fbem-13763	106	15	of	of	ADP
fbem-13763	106	16	cotton	cotton	NOUN
fbem-13763	106	17	trading	trading	NOUN
fbem-13763	106	18	.	.	PUNCT
fbem-13763	107	1	knowledge	knowledge	NOUN
fbem-13763	107	2	related	relate	VERB
fbem-13763	107	3	to	to	ADP
fbem-13763	107	4	cotton	cotton	NOUN
fbem-13763	107	5	options	option	NOUN
fbem-13763	107	6	and	and	CCONJ
fbem-13763	107	7	futures	future	NOUN
fbem-13763	107	8	was	be	AUX
fbem-13763	107	9	vigorously	vigorously	ADV
fbem-13763	107	10	publicized	publicize	VERB
fbem-13763	107	11	through	through	ADP
fbem-13763	107	12	weibo	weibo	NOUN
fbem-13763	107	13	and	and	CCONJ
fbem-13763	107	14	public	public	ADJ
fbem-13763	107	15	accounts	account	NOUN
fbem-13763	107	16	,	,	PUNCT
fbem-13763	107	17	and	and	CCONJ
fbem-13763	107	18	special	special	ADJ
fbem-13763	107	19	lectures	lecture	NOUN
fbem-13763	107	20	were	be	AUX
fbem-13763	107	21	held	hold	VERB
fbem-13763	107	22	for	for	ADP
fbem-13763	107	23	key	key	ADJ
fbem-13763	107	24	groups	group	NOUN
fbem-13763	107	25	such	such	ADJ
fbem-13763	107	26	as	as	ADP
fbem-13763	107	27	state	state	NOUN
fbem-13763	107	28	-	-	PUNCT
fbem-13763	107	29	owned	own	VERB
fbem-13763	107	30	enterprises	enterprise	NOUN
fbem-13763	107	31	and	and	CCONJ
fbem-13763	107	32	listed	list	VERB
fbem-13763	107	33	companies	company	NOUN
fbem-13763	107	34	.	.	PUNCT
fbem-13763	108	1	prudently	prudently	ADV
fbem-13763	108	2	operate	operate	VERB
fbem-13763	108	3	the	the	DET
fbem-13763	108	4	information	information	NOUN
fbem-13763	108	5	release	release	NOUN
fbem-13763	108	6	and	and	CCONJ
fbem-13763	108	7	disclosure	disclosure	NOUN
fbem-13763	108	8	of	of	ADP
fbem-13763	108	9	the	the	DET
fbem-13763	108	10	futures	future	NOUN
fbem-13763	108	11	market	market	NOUN
fbem-13763	108	12	,	,	PUNCT
fbem-13763	108	13	improve	improve	VERB
fbem-13763	108	14	the	the	DET
fbem-13763	108	15	management	management	NOUN
fbem-13763	108	16	system	system	NOUN
fbem-13763	108	17	of	of	ADP
fbem-13763	108	18	market	market	NOUN
fbem-13763	108	19	participants	participant	NOUN
fbem-13763	108	20	,	,	PUNCT
fbem-13763	108	21	and	and	CCONJ
fbem-13763	108	22	improve	improve	VERB
fbem-13763	108	23	the	the	DET
fbem-13763	108	24	transparency	transparency	NOUN
fbem-13763	108	25	of	of	ADP
fbem-13763	108	26	cotton	cotton	NOUN
fbem-13763	108	27	trading	trading	NOUN
fbem-13763	108	28	information	information	NOUN
fbem-13763	108	29	.	.	PUNCT
fbem-13763	109	1	references	reference	NOUN
fbem-13763	109	2	[	[	X
fbem-13763	109	3	1	1	NUM
fbem-13763	109	4	]	]	X
fbem-13763	109	5	haifeng	haifeng	PROPN
fbem-13763	109	6	gu	gu	PROPN
fbem-13763	109	7	,	,	PUNCT
fbem-13763	109	8	yayong	yayong	PROPN
fbem-13763	109	9	zhou	zhou	PROPN
fbem-13763	109	10	.	.	PUNCT
fbem-13763	109	11	has	have	VERB
fbem-13763	109	12	the	the	DET
fbem-13763	109	13	launch	launch	NOUN
fbem-13763	109	14	of	of	ADP
fbem-13763	109	15	csi	csi	PROPN
fbem-13763	109	16	500	500	NUM
fbem-13763	109	17	stock	stock	NOUN
fbem-13763	109	18	index	index	NOUN
fbem-13763	109	19	futures	future	NOUN
fbem-13763	109	20	reduced	reduce	VERB
fbem-13763	109	21	volatility	volatility	NOUN
fbem-13763	109	22	in	in	ADP
fbem-13763	109	23	china	china	PROPN
fbem-13763	109	24	's	's	PART
fbem-13763	109	25	stock	stock	NOUN
fbem-13763	109	26	market	market	NOUN
fbem-13763	109	27	?	?	PUNCT
fbem-13763	110	1	-	-	PUNCT
fbem-13763	110	2	evidence	evidence	NOUN
fbem-13763	110	3	from	from	ADP
fbem-13763	110	4	shanghai	shanghai	PROPN
fbem-13763	110	5	and	and	CCONJ
fbem-13763	110	6	shenzhen	shenzhen	PROPN
fbem-13763	110	7	stock	stock	PROPN
fbem-13763	110	8	markets	market	NOUN
fbem-13763	110	9	during	during	ADP
fbem-13763	110	10	2007	2007	NUM
fbem-13763	110	11	-	-	SYM
fbem-13763	110	12	2016	2016	NUM
fbem-13763	110	13	[	[	X
fbem-13763	110	14	j	j	X
fbem-13763	110	15	]	]	X
fbem-13763	110	16	.	.	PUNCT
fbem-13763	111	1	statistics	statistic	NOUN
fbem-13763	111	2	and	and	CCONJ
fbem-13763	111	3	information	information	NOUN
fbem-13763	111	4	forum	forum	PROPN
fbem-13763	111	5	,	,	PUNCT
fbem-13763	111	6	2019	2019	NUM
fbem-13763	111	7	,	,	PUNCT
fbem-13763	111	8	34(02):105	34(02):105	NUM
fbem-13763	111	9	-	-	SYM
fbem-13763	111	10	113	113	NUM
fbem-13763	111	11	.	.	PUNCT
fbem-13763	112	1	[	[	X
fbem-13763	112	2	2	2	NUM
fbem-13763	112	3	]	]	X
fbem-13763	112	4	junlin	junlin	PROPN
fbem-13763	112	5	li	li	PROPN
fbem-13763	112	6	,	,	PUNCT
fbem-13763	112	7	meng	meng	PROPN
fbem-13763	112	8	chen	chen	PROPN
fbem-13763	112	9	,	,	PUNCT
fbem-13763	112	10	lin	lin	PROPN
fbem-13763	112	11	cui	cui	PROPN
fbem-13763	112	12	.	.	PUNCT
fbem-13763	113	1	study	study	NOUN
fbem-13763	113	2	on	on	ADP
fbem-13763	113	3	the	the	DET
fbem-13763	113	4	influence	influence	NOUN
fbem-13763	113	5	of	of	ADP
fbem-13763	113	6	domestic	domestic	ADJ
fbem-13763	113	7	and	and	CCONJ
fbem-13763	113	8	foreign	foreign	ADJ
fbem-13763	113	9	soybean	soybean	NOUN
fbem-13763	113	10	futures	future	NOUN
fbem-13763	113	11	prices	price	NOUN
fbem-13763	113	12	on	on	ADP
fbem-13763	113	13	spot	spot	NOUN
fbem-13763	113	14	prices	price	NOUN
fbem-13763	113	15	:	:	PUNCT
fbem-13763	113	16	based	base	VERB
fbem-13763	113	17	on	on	ADP
fbem-13763	113	18	the	the	DET
fbem-13763	113	19	perspective	perspective	NOUN
fbem-13763	113	20	of	of	ADP
fbem-13763	113	21	price	price	NOUN
fbem-13763	113	22	linkage	linkage	NOUN
fbem-13763	113	23	[	[	X
fbem-13763	113	24	j	j	X
fbem-13763	113	25	]	]	X
fbem-13763	113	26	.	.	PUNCT
fbem-13763	114	1	journal	journal	PROPN
fbem-13763	114	2	of	of	ADP
fbem-13763	114	3	western	western	ADJ
fbem-13763	114	4	peking	peking	PROPN
fbem-13763	114	5	university	university	NOUN
fbem-13763	114	6	(	(	PUNCT
fbem-13763	114	7	philosophy	philosophy	NOUN
fbem-13763	114	8	and	and	CCONJ
fbem-13763	114	9	social	social	ADJ
fbem-13763	114	10	sciences	science	NOUN
fbem-13763	114	11	edition	edition	NOUN
fbem-13763	114	12	)	)	PUNCT
fbem-13763	114	13	,	,	PUNCT
fbem-13763	114	14	2021	2021	NUM
fbem-13763	114	15	,	,	PUNCT
fbem-13763	114	16	51(04):34	51(04):34	NUM
fbem-13763	114	17	-	-	SYM
fbem-13763	114	18	42	42	NUM
fbem-13763	114	19	.	.	PUNCT
fbem-13763	114	20	86	86	NUM
fbem-13763	115	1	[	[	X
fbem-13763	115	2	3	3	X
fbem-13763	115	3	]	]	X
fbem-13763	115	4	borgards	borgard	NOUN
fbem-13763	115	5	o	o	NOUN
fbem-13763	115	6	,	,	PUNCT
fbem-13763	115	7	czudaj	czudaj	NOUN
fbem-13763	115	8	r	r	NOUN
fbem-13763	115	9	l	l	NOUN
fbem-13763	115	10	,	,	PUNCT
fbem-13763	115	11	van	van	PROPN
fbem-13763	115	12	hoang	hoang	PROPN
fbem-13763	115	13	t	t	PROPN
fbem-13763	115	14	h.price	h.price	NOUN
fbem-13763	115	15	overreactions	overreaction	NOUN
fbem-13763	115	16	in	in	ADP
fbem-13763	115	17	the	the	DET
fbem-13763	115	18	commodity	commodity	NOUN
fbem-13763	115	19	futures	future	NOUN
fbem-13763	115	20	market	market	NOUN
fbem-13763	115	21	:	:	PUNCT
fbem-13763	115	22	an	an	DET
fbem-13763	115	23	intraday	intraday	NOUN
fbem-13763	115	24	analysis	analysis	NOUN
fbem-13763	115	25	of	of	ADP
fbem-13763	115	26	the	the	DET
fbem-13763	115	27	covid-19	covid-19	PROPN
fbem-13763	115	28	pandemic	pandemic	ADJ
fbem-13763	115	29	impact	impact	NOUN
fbem-13763	116	1	[	[	X
fbem-13763	116	2	j	j	X
fbem-13763	116	3	]	]	X
fbem-13763	116	4	.	.	PUNCT
fbem-13763	117	1	resources	resource	NOUN
fbem-13763	117	2	policy	policy	NOUN
fbem-13763	117	3	,	,	PUNCT
fbem-13763	117	4	2021	2021	NUM
fbem-13763	117	5	,	,	PUNCT
fbem-13763	117	6	71:101966	71:101966	X
fbem-13763	117	7	.	.	PUNCT
fbem-13763	118	1	[	[	X
fbem-13763	118	2	4	4	X
fbem-13763	118	3	]	]	X
fbem-13763	118	4	xinyue	xinyue	PROPN
fbem-13763	118	5	li	li	PROPN
fbem-13763	118	6	.	.	PROPN
fbem-13763	118	7	research	research	NOUN
fbem-13763	118	8	on	on	ADP
fbem-13763	118	9	volatility	volatility	NOUN
fbem-13763	118	10	spillover	spillover	VERB
fbem-13763	118	11	effect	effect	NOUN
fbem-13763	118	12	of	of	ADP
fbem-13763	118	13	soybean	soybean	NOUN
fbem-13763	118	14	futures	future	NOUN
fbem-13763	118	15	in	in	ADP
fbem-13763	118	16	china	china	PROPN
fbem-13763	118	17	under	under	ADP
fbem-13763	118	18	external	external	ADJ
fbem-13763	118	19	shocks	shock	NOUN
fbem-13763	118	20	:	:	PUNCT
fbem-13763	118	21	an	an	DET
fbem-13763	118	22	analysis	analysis	NOUN
fbem-13763	118	23	based	base	VERB
fbem-13763	118	24	on	on	ADP
fbem-13763	118	25	acarr	acarr	NOUN
fbem-13763	118	26	-	-	PUNCT
fbem-13763	118	27	x	x	NOUN
fbem-13763	118	28	model	model	NOUN
fbem-13763	118	29	[	[	X
fbem-13763	118	30	j	j	X
fbem-13763	118	31	]	]	X
fbem-13763	118	32	.	.	PUNCT
fbem-13763	119	1	price	price	NOUN
fbem-13763	119	2	theory	theory	NOUN
fbem-13763	119	3	and	and	CCONJ
fbem-13763	119	4	practice	practice	NOUN
fbem-13763	119	5	,	,	PUNCT
fbem-13763	119	6	2022	2022	NUM
fbem-13763	119	7	,	,	PUNCT
fbem-13763	119	8	(	(	PUNCT
fbem-13763	119	9	09):138	09):138	NOUN
fbem-13763	119	10	-	-	PUNCT
fbem-13763	119	11	141	141	NUM
fbem-13763	119	12	+	+	NOUN
fbem-13763	119	13	206	206	NUM
fbem-13763	119	14	.	.	PUNCT
fbem-13763	120	1	[	[	X
fbem-13763	120	2	5	5	X
fbem-13763	120	3	]	]	X
fbem-13763	120	4	liang	liang	PROPN
fbem-13763	120	5	ou	ou	PROPN
fbem-13763	120	6	,	,	PUNCT
fbem-13763	120	7	yongping	yongpe	VERB
fbem-13763	120	8	teng	teng	PROPN
fbem-13763	120	9	.	.	PUNCT
fbem-13763	121	1	an	an	DET
fbem-13763	121	2	empirical	empirical	ADJ
fbem-13763	121	3	study	study	NOUN
fbem-13763	121	4	on	on	ADP
fbem-13763	121	5	the	the	DET
fbem-13763	121	6	impact	impact	NOUN
fbem-13763	121	7	of	of	ADP
fbem-13763	121	8	sugar	sugar	NOUN
fbem-13763	121	9	options	option	NOUN
fbem-13763	121	10	on	on	ADP
fbem-13763	121	11	underlying	underlie	VERB
fbem-13763	121	12	futures	future	NOUN
fbem-13763	121	13	market	market	NOUN
fbem-13763	121	14	volatility	volatility	NOUN
fbem-13763	121	15	[	[	X
fbem-13763	121	16	j	j	X
fbem-13763	121	17	]	]	X
fbem-13763	121	18	.	.	PUNCT
fbem-13763	122	1	china	china	PROPN
fbem-13763	122	2	business	business	PROPN
fbem-13763	122	3	theory	theory	PROPN
fbem-13763	122	4	,	,	PUNCT
fbem-13763	122	5	2020	2020	NUM
fbem-13763	122	6	,	,	PUNCT
fbem-13763	122	7	(	(	PUNCT
fbem-13763	122	8	04):56	04):56	NUM
fbem-13763	122	9	-	-	SYM
fbem-13763	122	10	57	57	NUM
fbem-13763	122	11	.	.	PUNCT
fbem-13763	123	1	[	[	X
fbem-13763	123	2	6	6	NUM
fbem-13763	123	3	]	]	PUNCT
fbem-13763	123	4	robbani	robbani	PROPN
fbem-13763	123	5	m	m	PROPN
fbem-13763	123	6	g	g	PROPN
fbem-13763	123	7	,	,	PUNCT
fbem-13763	123	8	bhuyan	bhuyan	PROPN
fbem-13763	123	9	r.	r.	PROPN
fbem-13763	123	10	introduction	introduction	NOUN
fbem-13763	123	11	of	of	ADP
fbem-13763	123	12	futures	future	NOUN
fbem-13763	123	13	and	and	CCONJ
fbem-13763	123	14	options	option	NOUN
fbem-13763	123	15	on	on	ADP
fbem-13763	123	16	a	a	DET
fbem-13763	123	17	stock	stock	NOUN
fbem-13763	123	18	index	index	NOUN
fbem-13763	123	19	and	and	CCONJ
fbem-13763	123	20	their	their	PRON
fbem-13763	123	21	impact	impact	NOUN
fbem-13763	123	22	on	on	ADP
fbem-13763	123	23	the	the	DET
fbem-13763	123	24	trading	trading	NOUN
fbem-13763	123	25	volume	volume	NOUN
fbem-13763	123	26	and	and	CCONJ
fbem-13763	123	27	volatility	volatility	NOUN
fbem-13763	123	28	:	:	PUNCT
fbem-13763	123	29	empirical	empirical	ADJ
fbem-13763	123	30	evidence	evidence	NOUN
fbem-13763	123	31	from	from	ADP
fbem-13763	123	32	the	the	DET
fbem-13763	123	33	djia	djia	PROPN
fbem-13763	123	34	components[j	components[j	PROPN
fbem-13763	123	35	]	]	PUNCT
fbem-13763	123	36	.	.	PUNCT
fbem-13763	124	1	derivatives	derivative	NOUN
fbem-13763	124	2	use	use	VERB
fbem-13763	124	3	,	,	PUNCT
fbem-13763	124	4	trading	trade	VERB
fbem-13763	124	5	＆	＆	PROPN
fbem-13763	124	6	regulation	regulation	NOUN
fbem-13763	124	7	,	,	PUNCT
fbem-13763	124	8	2005	2005	NUM
fbem-13763	124	9	,	,	PUNCT
fbem-13763	124	10	11(03	11(03	NUM
fbem-13763	124	11	)	)	PUNCT
fbem-13763	124	12	.	.	PUNCT
fbem-13763	125	1	[	[	X
fbem-13763	125	2	7	7	X
fbem-13763	125	3	]	]	X
fbem-13763	125	4	mazouz	mazouz	NOUN
fbem-13763	125	5	k.	k.	PROPN
fbem-13763	125	6	the	the	DET
fbem-13763	125	7	effect	effect	NOUN
fbem-13763	125	8	of	of	ADP
fbem-13763	125	9	cboe	cboe	PROPN
fbem-13763	125	10	option	option	NOUN
fbem-13763	125	11	listing	list	VERB
fbem-13763	125	12	on	on	ADP
fbem-13763	125	13	the	the	DET
fbem-13763	125	14	volatility	volatility	NOUN
fbem-13763	125	15	of	of	ADP
fbem-13763	125	16	nyse	nyse	PROPN
fbem-13763	125	17	traded	trade	VERB
fbem-13763	125	18	stocks	stock	NOUN
fbem-13763	125	19	:	:	PUNCT
fbem-13763	125	20	a	a	DET
fbem-13763	125	21	time	time	NOUN
fbem-13763	125	22	-varying	-varying	ADJ
fbem-13763	125	23	variance	variance	NOUN
fbem-13763	125	24	approach[j	approach[j	ADV
fbem-13763	125	25	]	]	PUNCT
fbem-13763	125	26	.	.	PUNCT
fbem-13763	126	1	journal	journal	PROPN
fbem-13763	126	2	of	of	ADP
fbem-13763	126	3	empirical	empirical	ADJ
fbem-13763	126	4	finance	finance	NOUN
fbem-13763	126	5	,	,	PUNCT
fbem-13763	126	6	2004	2004	NUM
fbem-13763	126	7	,	,	PUNCT
fbem-13763	126	8	11(05):692	11(05):692	NUM
fbem-13763	126	9	-	-	SYM
fbem-13763	126	10	708	708	NUM
fbem-13763	126	11	.	.	PUNCT