id	sid	tid	token	lemma	pos
fbem-8691	1	1	frontiers	frontier	NOUN
fbem-8691	1	2	in	in	ADP
fbem-8691	1	3	business	business	NOUN
fbem-8691	1	4	,	,	PUNCT
fbem-8691	1	5	economics	economic	NOUN
fbem-8691	1	6	and	and	CCONJ
fbem-8691	1	7	management	management	NOUN
fbem-8691	1	8	issn	issn	PROPN
fbem-8691	1	9	:	:	PUNCT
fbem-8691	1	10	2766	2766	NUM
fbem-8691	1	11	-	-	PUNCT
fbem-8691	1	12	824x	824x	NUM
fbem-8691	1	13	|	|	ADJ
fbem-8691	1	14	vol	vol	NOUN
fbem-8691	1	15	.	.	PROPN
fbem-8691	2	1	9	9	NUM
fbem-8691	2	2	,	,	PUNCT
fbem-8691	2	3	no	no	INTJ
fbem-8691	2	4	.	.	NOUN
fbem-8691	2	5	1	1	NUM
fbem-8691	2	6	,	,	PUNCT
fbem-8691	2	7	2023	2023	NUM
fbem-8691	2	8	258	258	NUM
fbem-8691	2	9	research	research	NOUN
fbem-8691	2	10	on	on	ADP
fbem-8691	2	11	the	the	DET
fbem-8691	2	12	influence	influence	NOUN
fbem-8691	2	13	of	of	ADP
fbem-8691	2	14	financial	financial	ADJ
fbem-8691	2	15	factors	factor	NOUN
fbem-8691	2	16	on	on	ADP
fbem-8691	2	17	coal	coal	NOUN
fbem-8691	2	18	price	price	NOUN
fbem-8691	2	19	at	at	ADP
fbem-8691	2	20	different	different	ADJ
fbem-8691	2	21	stages	stage	NOUN
fbem-8691	2	22	ziqi	ziqi	PROPN
fbem-8691	2	23	wen	wen	PROPN
fbem-8691	2	24	*	*	PROPN
fbem-8691	2	25	swufe	swufe	VERB
fbem-8691	2	26	-	-	PUNCT
fbem-8691	2	27	ud	ud	PROPN
fbem-8691	2	28	institute	institute	PROPN
fbem-8691	2	29	of	of	ADP
fbem-8691	2	30	data	data	PROPN
fbem-8691	2	31	science	science	NOUN
fbem-8691	2	32	at	at	ADP
fbem-8691	2	33	swufe	swufe	NOUN
fbem-8691	2	34	,	,	PUNCT
fbem-8691	2	35	southwestern	southwestern	ADJ
fbem-8691	2	36	university	university	NOUN
fbem-8691	2	37	of	of	ADP
fbem-8691	2	38	finance	finance	NOUN
fbem-8691	2	39	and	and	CCONJ
fbem-8691	2	40	economics	economic	NOUN
fbem-8691	2	41	,	,	PUNCT
fbem-8691	2	42	chengdu	chengdu	PROPN
fbem-8691	2	43	,	,	PUNCT
fbem-8691	2	44	611130	611130	NUM
fbem-8691	2	45	,	,	PUNCT
fbem-8691	2	46	china	china	PROPN
fbem-8691	2	47	*	*	PUNCT
fbem-8691	2	48	corresponding	correspond	VERB
fbem-8691	2	49	author	author	NOUN
fbem-8691	2	50	:	:	PUNCT
fbem-8691	2	51	ziqi	ziqi	PROPN
fbem-8691	2	52	wen	wen	PROPN
fbem-8691	2	53	(	(	PUNCT
fbem-8691	2	54	email	email	NOUN
fbem-8691	2	55	:	:	PUNCT
fbem-8691	2	56	magi@udel.edu	magi@udel.edu	PROPN
fbem-8691	2	57	)	)	PUNCT
fbem-8691	2	58	abstract	abstract	NOUN
fbem-8691	2	59	:	:	PUNCT
fbem-8691	2	60	coal	coal	NOUN
fbem-8691	2	61	is	be	AUX
fbem-8691	2	62	the	the	DET
fbem-8691	2	63	main	main	ADJ
fbem-8691	2	64	source	source	NOUN
fbem-8691	2	65	of	of	ADP
fbem-8691	2	66	energy	energy	NOUN
fbem-8691	2	67	consumption	consumption	NOUN
fbem-8691	2	68	in	in	ADP
fbem-8691	2	69	china	china	PROPN
fbem-8691	2	70	and	and	CCONJ
fbem-8691	2	71	its	its	PRON
fbem-8691	2	72	prices	price	NOUN
fbem-8691	2	73	have	have	AUX
fbem-8691	2	74	long	long	ADV
fbem-8691	2	75	been	be	AUX
fbem-8691	2	76	emphasized	emphasize	VERB
fbem-8691	2	77	by	by	ADP
fbem-8691	2	78	various	various	ADJ
fbem-8691	2	79	industries	industry	NOUN
fbem-8691	2	80	.	.	PUNCT
fbem-8691	3	1	this	this	DET
fbem-8691	3	2	paper	paper	NOUN
fbem-8691	3	3	constructs	construct	VERB
fbem-8691	3	4	a	a	DET
fbem-8691	3	5	var	var	NOUN
fbem-8691	3	6	model	model	NOUN
fbem-8691	3	7	to	to	PART
fbem-8691	3	8	study	study	VERB
fbem-8691	3	9	the	the	DET
fbem-8691	3	10	impact	impact	NOUN
fbem-8691	3	11	of	of	ADP
fbem-8691	3	12	futures	future	NOUN
fbem-8691	3	13	market	market	NOUN
fbem-8691	3	14	factors	factor	NOUN
fbem-8691	3	15	and	and	CCONJ
fbem-8691	3	16	economic	economic	ADJ
fbem-8691	3	17	environment	environment	NOUN
fbem-8691	3	18	factors	factor	NOUN
fbem-8691	3	19	on	on	ADP
fbem-8691	3	20	coal	coal	NOUN
fbem-8691	3	21	prices	price	NOUN
fbem-8691	3	22	in	in	ADP
fbem-8691	3	23	two	two	NUM
fbem-8691	3	24	time	time	NOUN
fbem-8691	3	25	intervals	interval	NOUN
fbem-8691	3	26	,	,	PUNCT
fbem-8691	3	27	which	which	PRON
fbem-8691	3	28	are	be	AUX
fbem-8691	3	29	2016	2016	NUM
fbem-8691	3	30	to	to	ADP
fbem-8691	3	31	2020	2020	NUM
fbem-8691	3	32	and	and	CCONJ
fbem-8691	3	33	2021	2021	NUM
fbem-8691	3	34	to	to	ADP
fbem-8691	3	35	2022	2022	NUM
fbem-8691	3	36	respectively	respectively	ADV
fbem-8691	3	37	,	,	PUNCT
fbem-8691	3	38	under	under	ADP
fbem-8691	3	39	the	the	DET
fbem-8691	3	40	background	background	NOUN
fbem-8691	3	41	of	of	ADP
fbem-8691	3	42	a	a	DET
fbem-8691	3	43	huge	huge	ADJ
fbem-8691	3	44	increase	increase	NOUN
fbem-8691	3	45	in	in	ADP
fbem-8691	3	46	steam	steam	NOUN
fbem-8691	3	47	coal	coal	NOUN
fbem-8691	3	48	prices	price	NOUN
fbem-8691	3	49	in	in	ADP
fbem-8691	3	50	qinhuangdao	qinhuangdao	PROPN
fbem-8691	3	51	,	,	PUNCT
fbem-8691	3	52	china	china	PROPN
fbem-8691	3	53	,	,	PUNCT
fbem-8691	3	54	in	in	ADP
fbem-8691	3	55	2021	2021	NUM
fbem-8691	3	56	as	as	ADV
fbem-8691	3	57	well	well	ADV
fbem-8691	3	58	as	as	ADP
fbem-8691	3	59	to	to	PART
fbem-8691	3	60	compare	compare	VERB
fbem-8691	3	61	and	and	CCONJ
fbem-8691	3	62	analyze	analyze	VERB
fbem-8691	3	63	the	the	DET
fbem-8691	3	64	results	result	NOUN
fbem-8691	3	65	.	.	PUNCT
fbem-8691	4	1	it	it	PRON
fbem-8691	4	2	is	be	AUX
fbem-8691	4	3	found	find	VERB
fbem-8691	4	4	that	that	SCONJ
fbem-8691	4	5	some	some	PRON
fbem-8691	4	6	of	of	ADP
fbem-8691	4	7	the	the	DET
fbem-8691	4	8	financial	financial	ADJ
fbem-8691	4	9	factors	factor	NOUN
fbem-8691	4	10	will	will	AUX
fbem-8691	4	11	have	have	VERB
fbem-8691	4	12	impact	impact	NOUN
fbem-8691	4	13	on	on	ADP
fbem-8691	4	14	the	the	DET
fbem-8691	4	15	steam	steam	NOUN
fbem-8691	4	16	coal	coal	NOUN
fbem-8691	4	17	market	market	NOUN
fbem-8691	4	18	price	price	NOUN
fbem-8691	4	19	,	,	PUNCT
fbem-8691	4	20	but	but	CCONJ
fbem-8691	4	21	the	the	DET
fbem-8691	4	22	overall	overall	ADJ
fbem-8691	4	23	impact	impact	NOUN
fbem-8691	4	24	is	be	AUX
fbem-8691	4	25	not	not	PART
fbem-8691	4	26	significant	significant	ADJ
fbem-8691	4	27	.	.	PUNCT
fbem-8691	5	1	however	however	ADV
fbem-8691	5	2	,	,	PUNCT
fbem-8691	5	3	after	after	ADP
fbem-8691	5	4	2021	2021	NUM
fbem-8691	5	5	,	,	PUNCT
fbem-8691	5	6	the	the	DET
fbem-8691	5	7	impact	impact	NOUN
fbem-8691	5	8	of	of	ADP
fbem-8691	5	9	financial	financial	ADJ
fbem-8691	5	10	factors	factor	NOUN
fbem-8691	5	11	on	on	ADP
fbem-8691	5	12	the	the	DET
fbem-8691	5	13	steam	steam	NOUN
fbem-8691	5	14	coal	coal	NOUN
fbem-8691	5	15	market	market	NOUN
fbem-8691	5	16	price	price	NOUN
fbem-8691	5	17	deepens	deepen	NOUN
fbem-8691	5	18	.	.	PUNCT
fbem-8691	6	1	based	base	VERB
fbem-8691	6	2	on	on	ADP
fbem-8691	6	3	the	the	DET
fbem-8691	6	4	empirical	empirical	ADJ
fbem-8691	6	5	results	result	NOUN
fbem-8691	6	6	,	,	PUNCT
fbem-8691	6	7	this	this	DET
fbem-8691	6	8	paper	paper	NOUN
fbem-8691	6	9	suggests	suggest	VERB
fbem-8691	6	10	that	that	SCONJ
fbem-8691	6	11	coal	coal	NOUN
fbem-8691	6	12	market	market	NOUN
fbem-8691	6	13	participants	participant	NOUN
fbem-8691	6	14	should	should	AUX
fbem-8691	6	15	mainly	mainly	ADV
fbem-8691	6	16	focus	focus	VERB
fbem-8691	6	17	on	on	ADP
fbem-8691	6	18	non	non	ADJ
fbem-8691	6	19	-	-	ADJ
fbem-8691	6	20	financial	financial	ADJ
fbem-8691	6	21	factors	factor	NOUN
fbem-8691	6	22	,	,	PUNCT
fbem-8691	6	23	but	but	CCONJ
fbem-8691	6	24	should	should	AUX
fbem-8691	6	25	also	also	ADV
fbem-8691	6	26	take	take	VERB
fbem-8691	6	27	into	into	ADP
fbem-8691	6	28	account	account	NOUN
fbem-8691	6	29	the	the	DET
fbem-8691	6	30	fact	fact	NOUN
fbem-8691	6	31	that	that	SCONJ
fbem-8691	6	32	the	the	DET
fbem-8691	6	33	importance	importance	NOUN
fbem-8691	6	34	of	of	ADP
fbem-8691	6	35	financial	financial	ADJ
fbem-8691	6	36	factors	factor	NOUN
fbem-8691	6	37	will	will	AUX
fbem-8691	6	38	increase	increase	VERB
fbem-8691	6	39	under	under	ADP
fbem-8691	6	40	some	some	DET
fbem-8691	6	41	unexpected	unexpected	ADJ
fbem-8691	6	42	circumstances	circumstance	NOUN
fbem-8691	6	43	.	.	PUNCT
fbem-8691	7	1	keywords	keyword	NOUN
fbem-8691	7	2	:	:	PUNCT
fbem-8691	7	3	coal	coal	NOUN
fbem-8691	7	4	prices	price	NOUN
fbem-8691	7	5	,	,	PUNCT
fbem-8691	7	6	commodity	commodity	NOUN
fbem-8691	7	7	financialization	financialization	NOUN
fbem-8691	7	8	,	,	PUNCT
fbem-8691	7	9	price	price	NOUN
fbem-8691	7	10	volatility	volatility	NOUN
fbem-8691	7	11	,	,	PUNCT
fbem-8691	7	12	var	var	NOUN
fbem-8691	7	13	model	model	NOUN
fbem-8691	7	14	.	.	PUNCT
fbem-8691	8	1	1	1	X
fbem-8691	8	2	.	.	X
fbem-8691	8	3	introduction	introduction	NOUN
fbem-8691	8	4	1.1	1.1	NUM
fbem-8691	8	5	.	.	PUNCT
fbem-8691	9	1	research	research	NOUN
fbem-8691	9	2	background	background	NOUN
fbem-8691	9	3	as	as	ADP
fbem-8691	9	4	one	one	NUM
fbem-8691	9	5	of	of	ADP
fbem-8691	9	6	the	the	DET
fbem-8691	9	7	most	most	ADV
fbem-8691	9	8	abundant	abundant	ADJ
fbem-8691	9	9	and	and	CCONJ
fbem-8691	9	10	well	well	ADV
fbem-8691	9	11	-	-	PUNCT
fbem-8691	9	12	known	know	VERB
fbem-8691	9	13	fossil	fossil	NOUN
fbem-8691	9	14	fuels	fuel	NOUN
fbem-8691	9	15	on	on	ADP
fbem-8691	9	16	earth	earth	NOUN
fbem-8691	9	17	,	,	PUNCT
fbem-8691	9	18	coal	coal	NOUN
fbem-8691	9	19	plays	play	VERB
fbem-8691	9	20	a	a	DET
fbem-8691	9	21	vital	vital	ADJ
fbem-8691	9	22	role	role	NOUN
fbem-8691	9	23	in	in	ADP
fbem-8691	9	24	people	people	NOUN
fbem-8691	9	25	's	's	PART
fbem-8691	9	26	lives	life	NOUN
fbem-8691	9	27	.	.	PUNCT
fbem-8691	10	1	china	china	PROPN
fbem-8691	10	2	is	be	AUX
fbem-8691	10	3	a	a	DET
fbem-8691	10	4	country	country	NOUN
fbem-8691	10	5	with	with	ADP
fbem-8691	10	6	abundant	abundant	ADJ
fbem-8691	10	7	coal	coal	NOUN
fbem-8691	10	8	resource	resource	NOUN
fbem-8691	10	9	and	and	CCONJ
fbem-8691	10	10	has	have	VERB
fbem-8691	10	11	a	a	DET
fbem-8691	10	12	large	large	ADJ
fbem-8691	10	13	coal	coal	NOUN
fbem-8691	10	14	trading	trading	NOUN
fbem-8691	10	15	market	market	NOUN
fbem-8691	10	16	.	.	PUNCT
fbem-8691	11	1	for	for	ADP
fbem-8691	11	2	the	the	DET
fbem-8691	11	3	market	market	NOUN
fbem-8691	11	4	participants	participant	NOUN
fbem-8691	11	5	,	,	PUNCT
fbem-8691	11	6	how	how	SCONJ
fbem-8691	11	7	to	to	PART
fbem-8691	11	8	catch	catch	VERB
fbem-8691	11	9	the	the	DET
fbem-8691	11	10	coal	coal	NOUN
fbem-8691	11	11	price	price	NOUN
fbem-8691	11	12	trend	trend	NOUN
fbem-8691	11	13	is	be	AUX
fbem-8691	11	14	an	an	DET
fbem-8691	11	15	issue	issue	NOUN
fbem-8691	11	16	that	that	PRON
fbem-8691	11	17	must	must	AUX
fbem-8691	11	18	be	be	AUX
fbem-8691	11	19	taken	take	VERB
fbem-8691	11	20	into	into	ADP
fbem-8691	11	21	account	account	NOUN
fbem-8691	11	22	.	.	PUNCT
fbem-8691	12	1	at	at	ADP
fbem-8691	12	2	the	the	DET
fbem-8691	12	3	same	same	ADJ
fbem-8691	12	4	time	time	NOUN
fbem-8691	12	5	,	,	PUNCT
fbem-8691	12	6	as	as	ADP
fbem-8691	12	7	a	a	DET
fbem-8691	12	8	basic	basic	ADJ
fbem-8691	12	9	commodity	commodity	NOUN
fbem-8691	12	10	,	,	PUNCT
fbem-8691	12	11	the	the	DET
fbem-8691	12	12	price	price	NOUN
fbem-8691	12	13	trend	trend	NOUN
fbem-8691	12	14	of	of	ADP
fbem-8691	12	15	coal	coal	NOUN
fbem-8691	12	16	can	can	AUX
fbem-8691	12	17	be	be	AUX
fbem-8691	12	18	a	a	DET
fbem-8691	12	19	response	response	NOUN
fbem-8691	12	20	to	to	ADP
fbem-8691	12	21	national	national	ADJ
fbem-8691	12	22	macroeconomic	macroeconomic	ADJ
fbem-8691	12	23	situation	situation	NOUN
fbem-8691	12	24	.	.	PUNCT
fbem-8691	13	1	as	as	SCONJ
fbem-8691	13	2	the	the	DET
fbem-8691	13	3	overall	overall	ADJ
fbem-8691	13	4	financialization	financialization	NOUN
fbem-8691	13	5	level	level	NOUN
fbem-8691	13	6	of	of	ADP
fbem-8691	13	7	the	the	DET
fbem-8691	13	8	global	global	ADJ
fbem-8691	13	9	commodity	commodity	NOUN
fbem-8691	13	10	market	market	NOUN
fbem-8691	13	11	continues	continue	VERB
fbem-8691	13	12	to	to	PART
fbem-8691	13	13	rise	rise	VERB
fbem-8691	13	14	,	,	PUNCT
fbem-8691	13	15	coal	coal	NOUN
fbem-8691	13	16	is	be	AUX
fbem-8691	13	17	inevitably	inevitably	ADV
fbem-8691	13	18	affected	affect	VERB
fbem-8691	13	19	and	and	CCONJ
fbem-8691	13	20	its	its	PRON
fbem-8691	13	21	price	price	NOUN
fbem-8691	13	22	starts	start	VERB
fbem-8691	13	23	to	to	PART
fbem-8691	13	24	be	be	AUX
fbem-8691	13	25	linked	link	VERB
fbem-8691	13	26	to	to	ADP
fbem-8691	13	27	financial	financial	ADJ
fbem-8691	13	28	factors	factor	NOUN
fbem-8691	13	29	,	,	PUNCT
fbem-8691	13	30	which	which	PRON
fbem-8691	13	31	receives	receive	VERB
fbem-8691	13	32	attention	attention	NOUN
fbem-8691	13	33	from	from	ADP
fbem-8691	13	34	all	all	DET
fbem-8691	13	35	sectors	sector	NOUN
fbem-8691	13	36	of	of	ADP
fbem-8691	13	37	society	society	NOUN
fbem-8691	13	38	.	.	PUNCT
fbem-8691	14	1	chengsi	chengsi	PROPN
fbem-8691	14	2	et	et	PROPN
fbem-8691	14	3	al	al	PROPN
fbem-8691	14	4	.	.	PUNCT
fbem-8691	15	1	[	[	X
fbem-8691	15	2	1	1	X
fbem-8691	15	3	]	]	PUNCT
fbem-8691	15	4	define	define	VERB
fbem-8691	15	5	the	the	DET
fbem-8691	15	6	financialization	financialization	NOUN
fbem-8691	15	7	of	of	ADP
fbem-8691	15	8	commodities	commodity	NOUN
fbem-8691	15	9	as	as	ADP
fbem-8691	15	10	an	an	DET
fbem-8691	15	11	irreversible	irreversible	ADJ
fbem-8691	15	12	and	and	CCONJ
fbem-8691	15	13	increasing	increase	VERB
fbem-8691	15	14	trend	trend	NOUN
fbem-8691	15	15	of	of	ADP
fbem-8691	15	16	the	the	DET
fbem-8691	15	17	participation	participation	NOUN
fbem-8691	15	18	of	of	ADP
fbem-8691	15	19	financial	financial	ADJ
fbem-8691	15	20	attributes	attribute	NOUN
fbem-8691	15	21	in	in	ADP
fbem-8691	15	22	the	the	DET
fbem-8691	15	23	trading	trading	NOUN
fbem-8691	15	24	process	process	NOUN
fbem-8691	15	25	.	.	PUNCT
fbem-8691	16	1	henderson	henderson	PROPN
fbem-8691	16	2	et	et	PROPN
fbem-8691	16	3	al	al	PROPN
fbem-8691	16	4	.	.	PUNCT
fbem-8691	17	1	[	[	X
fbem-8691	17	2	2	2	X
fbem-8691	17	3	]	]	PUNCT
fbem-8691	17	4	find	find	VERB
fbem-8691	17	5	through	through	ADP
fbem-8691	17	6	their	their	PRON
fbem-8691	17	7	study	study	NOUN
fbem-8691	17	8	that	that	SCONJ
fbem-8691	17	9	the	the	DET
fbem-8691	17	10	involvement	involvement	NOUN
fbem-8691	17	11	of	of	ADP
fbem-8691	17	12	financial	financial	ADJ
fbem-8691	17	13	investors	investor	NOUN
fbem-8691	17	14	in	in	ADP
fbem-8691	17	15	this	this	DET
fbem-8691	17	16	process	process	NOUN
fbem-8691	17	17	affect	affect	VERB
fbem-8691	17	18	commodity	commodity	NOUN
fbem-8691	17	19	prices	price	NOUN
fbem-8691	17	20	and	and	CCONJ
fbem-8691	17	21	confirm	confirm	VERB
fbem-8691	17	22	the	the	DET
fbem-8691	17	23	judgment	judgment	NOUN
fbem-8691	17	24	made	make	VERB
fbem-8691	17	25	by	by	ADP
fbem-8691	17	26	michael	michael	PROPN
fbem-8691	17	27	and	and	CCONJ
fbem-8691	17	28	wei	wei	PROPN
fbem-8691	18	1	[	[	X
fbem-8691	18	2	3	3	X
fbem-8691	18	3	]	]	PUNCT
fbem-8691	18	4	that	that	SCONJ
fbem-8691	18	5	information	information	NOUN
fbem-8691	18	6	frictions	friction	NOUN
fbem-8691	18	7	interfere	interfere	VERB
fbem-8691	18	8	with	with	ADP
fbem-8691	18	9	the	the	DET
fbem-8691	18	10	choices	choice	NOUN
fbem-8691	18	11	of	of	ADP
fbem-8691	18	12	commodity	commodity	NOUN
fbem-8691	18	13	market	market	NOUN
fbem-8691	18	14	participants	participant	NOUN
fbem-8691	18	15	and	and	CCONJ
fbem-8691	18	16	that	that	SCONJ
fbem-8691	18	17	this	this	DET
fbem-8691	18	18	interference	interference	NOUN
fbem-8691	18	19	will	will	AUX
fbem-8691	18	20	be	be	AUX
fbem-8691	18	21	further	far	ADV
fbem-8691	18	22	transitioned	transition	VERB
fbem-8691	18	23	to	to	ADP
fbem-8691	18	24	the	the	DET
fbem-8691	18	25	commodity	commodity	NOUN
fbem-8691	18	26	market	market	NOUN
fbem-8691	18	27	.	.	PUNCT
fbem-8691	19	1	conghui	conghui	NOUN
fbem-8691	19	2	et	et	PROPN
fbem-8691	19	3	al	al	PROPN
fbem-8691	19	4	.	.	PUNCT
fbem-8691	20	1	[	[	X
fbem-8691	20	2	4	4	X
fbem-8691	20	3	]	]	PUNCT
fbem-8691	20	4	find	find	VERB
fbem-8691	20	5	an	an	DET
fbem-8691	20	6	important	important	ADJ
fbem-8691	20	7	role	role	NOUN
fbem-8691	20	8	of	of	ADP
fbem-8691	20	9	liquidity	liquidity	NOUN
fbem-8691	20	10	shocks	shock	NOUN
fbem-8691	20	11	in	in	ADP
fbem-8691	20	12	the	the	DET
fbem-8691	20	13	context	context	NOUN
fbem-8691	20	14	of	of	ADP
fbem-8691	20	15	financialization	financialization	NOUN
fbem-8691	20	16	when	when	SCONJ
fbem-8691	20	17	commodity	commodity	NOUN
fbem-8691	20	18	markets	market	NOUN
fbem-8691	20	19	are	be	AUX
fbem-8691	20	20	previously	previously	ADV
fbem-8691	20	21	linked	link	VERB
fbem-8691	20	22	to	to	ADP
fbem-8691	20	23	stock	stock	NOUN
fbem-8691	20	24	markets	market	NOUN
fbem-8691	20	25	.	.	PUNCT
fbem-8691	21	1	in	in	ADP
fbem-8691	21	2	the	the	DET
fbem-8691	21	3	chinese	chinese	ADJ
fbem-8691	21	4	market	market	NOUN
fbem-8691	21	5	,	,	PUNCT
fbem-8691	21	6	zunxin	zunxin	PROPN
fbem-8691	21	7	et	et	PROPN
fbem-8691	21	8	al	al	PROPN
fbem-8691	21	9	.	.	PUNCT
fbem-8691	22	1	[	[	X
fbem-8691	22	2	5	5	X
fbem-8691	22	3	]	]	PUNCT
fbem-8691	22	4	argue	argue	VERB
fbem-8691	22	5	that	that	SCONJ
fbem-8691	22	6	there	there	PRON
fbem-8691	22	7	is	be	VERB
fbem-8691	22	8	a	a	DET
fbem-8691	22	9	significant	significant	ADJ
fbem-8691	22	10	correlation	correlation	NOUN
fbem-8691	22	11	between	between	ADP
fbem-8691	22	12	some	some	DET
fbem-8691	22	13	commodity	commodity	NOUN
fbem-8691	22	14	prices	price	NOUN
fbem-8691	22	15	and	and	CCONJ
fbem-8691	22	16	some	some	DET
fbem-8691	22	17	macro	macro	ADJ
fbem-8691	22	18	financial	financial	ADJ
fbem-8691	22	19	factors	factor	NOUN
fbem-8691	22	20	.	.	PUNCT
fbem-8691	23	1	as	as	ADP
fbem-8691	23	2	a	a	DET
fbem-8691	23	3	branch	branch	NOUN
fbem-8691	23	4	of	of	ADP
fbem-8691	23	5	general	general	ADJ
fbem-8691	23	6	commodities	commodity	NOUN
fbem-8691	23	7	,	,	PUNCT
fbem-8691	23	8	major	major	ADJ
fbem-8691	23	9	commodities	commodity	NOUN
fbem-8691	23	10	are	be	AUX
fbem-8691	23	11	more	more	ADV
fbem-8691	23	12	susceptible	susceptible	ADJ
fbem-8691	23	13	to	to	ADP
fbem-8691	23	14	financialization	financialization	NOUN
fbem-8691	23	15	risks	risk	NOUN
fbem-8691	23	16	due	due	ADP
fbem-8691	23	17	to	to	ADP
fbem-8691	23	18	their	their	PRON
fbem-8691	23	19	own	own	ADJ
fbem-8691	23	20	qualities	quality	NOUN
fbem-8691	23	21	.	.	PUNCT
fbem-8691	24	1	many	many	ADJ
fbem-8691	24	2	scholars	scholar	NOUN
fbem-8691	24	3	have	have	AUX
fbem-8691	24	4	also	also	ADV
fbem-8691	24	5	conducted	conduct	VERB
fbem-8691	24	6	studies	study	NOUN
fbem-8691	24	7	on	on	ADP
fbem-8691	24	8	the	the	DET
fbem-8691	24	9	financialization	financialization	NOUN
fbem-8691	24	10	of	of	ADP
fbem-8691	24	11	major	major	ADJ
fbem-8691	24	12	commodities	commodity	NOUN
fbem-8691	24	13	in	in	ADP
fbem-8691	24	14	recent	recent	ADJ
fbem-8691	24	15	years	year	NOUN
fbem-8691	24	16	.	.	PUNCT
fbem-8691	25	1	chunyi	chunyi	NOUN
fbem-8691	25	2	and	and	CCONJ
fbem-8691	25	3	bingyi	bingyi	NOUN
fbem-8691	26	1	[	[	X
fbem-8691	26	2	6	6	NUM
fbem-8691	26	3	]	]	PUNCT
fbem-8691	26	4	suggest	suggest	VERB
fbem-8691	26	5	that	that	SCONJ
fbem-8691	26	6	the	the	DET
fbem-8691	26	7	price	price	NOUN
fbem-8691	26	8	fluctuations	fluctuation	NOUN
fbem-8691	26	9	of	of	ADP
fbem-8691	26	10	these	these	DET
fbem-8691	26	11	commodities	commodity	NOUN
fbem-8691	26	12	,	,	PUNCT
fbem-8691	26	13	which	which	PRON
fbem-8691	26	14	are	be	AUX
fbem-8691	26	15	homogeneous	homogeneous	ADJ
fbem-8691	26	16	,	,	PUNCT
fbem-8691	26	17	tradable	tradable	ADJ
fbem-8691	26	18	,	,	PUNCT
fbem-8691	26	19	and	and	CCONJ
fbem-8691	26	20	widely	widely	ADV
fbem-8691	26	21	used	use	VERB
fbem-8691	26	22	as	as	ADP
fbem-8691	26	23	basic	basic	ADJ
fbem-8691	26	24	industrial	industrial	ADJ
fbem-8691	26	25	raw	raw	ADJ
fbem-8691	26	26	materials	material	NOUN
fbem-8691	26	27	,	,	PUNCT
fbem-8691	26	28	are	be	AUX
fbem-8691	26	29	closely	closely	ADV
fbem-8691	26	30	linked	link	VERB
fbem-8691	26	31	to	to	ADP
fbem-8691	26	32	the	the	DET
fbem-8691	26	33	prices	price	NOUN
fbem-8691	26	34	of	of	ADP
fbem-8691	26	35	related	related	ADJ
fbem-8691	26	36	financial	financial	ADJ
fbem-8691	26	37	assets	asset	NOUN
fbem-8691	26	38	.	.	PUNCT
fbem-8691	27	1	at	at	ADP
fbem-8691	27	2	the	the	DET
fbem-8691	27	3	specific	specific	ADJ
fbem-8691	27	4	commodity	commodity	NOUN
fbem-8691	27	5	level	level	NOUN
fbem-8691	27	6	,	,	PUNCT
fbem-8691	27	7	yinglin	yinglin	NOUN
fbem-8691	27	8	et	et	PROPN
fbem-8691	27	9	al	al	PROPN
fbem-8691	27	10	.	.	PUNCT
fbem-8691	28	1	[	[	X
fbem-8691	28	2	7	7	X
fbem-8691	28	3	]	]	PUNCT
fbem-8691	28	4	argue	argue	VERB
fbem-8691	28	5	that	that	SCONJ
fbem-8691	28	6	agricultural	agricultural	ADJ
fbem-8691	28	7	commodities	commodity	NOUN
fbem-8691	28	8	like	like	ADP
fbem-8691	28	9	corn	corn	NOUN
fbem-8691	28	10	and	and	CCONJ
fbem-8691	28	11	soybeans	soybean	NOUN
fbem-8691	28	12	are	be	AUX
fbem-8691	28	13	less	less	ADV
fbem-8691	28	14	financialized	financialize	VERB
fbem-8691	28	15	and	and	CCONJ
fbem-8691	28	16	less	less	ADV
fbem-8691	28	17	influenced	influence	VERB
fbem-8691	28	18	by	by	ADP
fbem-8691	28	19	financial	financial	ADJ
fbem-8691	28	20	factors	factor	NOUN
fbem-8691	28	21	,	,	PUNCT
fbem-8691	28	22	while	while	SCONJ
fbem-8691	28	23	for	for	ADP
fbem-8691	28	24	industrial	industrial	ADJ
fbem-8691	28	25	and	and	CCONJ
fbem-8691	28	26	metal	metal	NOUN
fbem-8691	28	27	products	product	NOUN
fbem-8691	28	28	,	,	PUNCT
fbem-8691	28	29	events	event	NOUN
fbem-8691	28	30	in	in	ADP
fbem-8691	28	31	financial	financial	ADJ
fbem-8691	28	32	markets	market	NOUN
fbem-8691	28	33	,	,	PUNCT
fbem-8691	28	34	such	such	ADJ
fbem-8691	28	35	as	as	ADP
fbem-8691	28	36	financial	financial	ADJ
fbem-8691	28	37	crises	crisis	NOUN
fbem-8691	28	38	and	and	CCONJ
fbem-8691	28	39	stock	stock	NOUN
fbem-8691	28	40	market	market	NOUN
fbem-8691	28	41	crashes	crash	NOUN
fbem-8691	28	42	,	,	PUNCT
fbem-8691	28	43	can	can	AUX
fbem-8691	28	44	have	have	VERB
fbem-8691	28	45	a	a	DET
fbem-8691	28	46	strong	strong	ADJ
fbem-8691	28	47	impact	impact	NOUN
fbem-8691	28	48	on	on	ADP
fbem-8691	28	49	their	their	PRON
fbem-8691	28	50	correlation	correlation	NOUN
fbem-8691	28	51	with	with	ADP
fbem-8691	28	52	stock	stock	NOUN
fbem-8691	28	53	indices	index	NOUN
fbem-8691	28	54	.	.	PUNCT
fbem-8691	29	1	regarding	regard	VERB
fbem-8691	29	2	the	the	DET
fbem-8691	29	3	counteraction	counteraction	NOUN
fbem-8691	29	4	of	of	ADP
fbem-8691	29	5	financialized	financialize	VERB
fbem-8691	29	6	major	major	ADJ
fbem-8691	29	7	commodities	commodity	NOUN
fbem-8691	29	8	on	on	ADP
fbem-8691	29	9	macroeconomic	macroeconomic	ADJ
fbem-8691	29	10	factors	factor	NOUN
fbem-8691	29	11	,	,	PUNCT
fbem-8691	29	12	xiang	xiang	PROPN
fbem-8691	29	13	et	et	PROPN
fbem-8691	29	14	al	al	PROPN
fbem-8691	29	15	.	.	PUNCT
fbem-8691	30	1	[	[	X
fbem-8691	30	2	8	8	NUM
fbem-8691	30	3	]	]	PUNCT
fbem-8691	30	4	conduct	conduct	NOUN
fbem-8691	30	5	a	a	DET
fbem-8691	30	6	further	further	ADJ
fbem-8691	30	7	study	study	NOUN
fbem-8691	30	8	and	and	CCONJ
fbem-8691	30	9	conclude	conclude	VERB
fbem-8691	30	10	that	that	SCONJ
fbem-8691	30	11	the	the	DET
fbem-8691	30	12	counteraction	counteraction	NOUN
fbem-8691	30	13	is	be	AUX
fbem-8691	30	14	significant	significant	ADJ
fbem-8691	30	15	and	and	CCONJ
fbem-8691	30	16	can	can	AUX
fbem-8691	30	17	even	even	ADV
fbem-8691	30	18	exceed	exceed	VERB
fbem-8691	30	19	the	the	DET
fbem-8691	30	20	shocks	shock	NOUN
fbem-8691	30	21	brought	bring	VERB
fbem-8691	30	22	by	by	ADP
fbem-8691	30	23	monetary	monetary	ADJ
fbem-8691	30	24	and	and	CCONJ
fbem-8691	30	25	fiscal	fiscal	ADJ
fbem-8691	30	26	policies	policy	NOUN
fbem-8691	30	27	as	as	ADV
fbem-8691	30	28	well	well	ADV
fbem-8691	30	29	as	as	ADP
fbem-8691	30	30	highlight	highlight	VERB
fbem-8691	30	31	the	the	DET
fbem-8691	30	32	effect	effect	NOUN
fbem-8691	30	33	of	of	ADP
fbem-8691	30	34	financial	financial	ADJ
fbem-8691	30	35	crises	crisis	NOUN
fbem-8691	30	36	on	on	ADP
fbem-8691	30	37	the	the	DET
fbem-8691	30	38	transmission	transmission	NOUN
fbem-8691	30	39	mechanism	mechanism	NOUN
fbem-8691	30	40	of	of	ADP
fbem-8691	30	41	this	this	DET
fbem-8691	30	42	counteraction	counteraction	NOUN
fbem-8691	30	43	.	.	PUNCT
fbem-8691	31	1	coal	coal	NOUN
fbem-8691	31	2	,	,	PUNCT
fbem-8691	31	3	which	which	PRON
fbem-8691	31	4	is	be	AUX
fbem-8691	31	5	traded	trade	VERB
fbem-8691	31	6	in	in	ADP
fbem-8691	31	7	a	a	DET
fbem-8691	31	8	non	non	ADJ
fbem-8691	31	9	-	-	ADJ
fbem-8691	31	10	retail	retail	ADJ
fbem-8691	31	11	manner	manner	NOUN
fbem-8691	31	12	and	and	CCONJ
fbem-8691	31	13	widely	widely	ADV
fbem-8691	31	14	used	use	VERB
fbem-8691	31	15	in	in	ADP
fbem-8691	31	16	industry	industry	NOUN
fbem-8691	31	17	,	,	PUNCT
fbem-8691	31	18	is	be	AUX
fbem-8691	31	19	a	a	DET
fbem-8691	31	20	prime	prime	ADJ
fbem-8691	31	21	example	example	NOUN
fbem-8691	31	22	of	of	ADP
fbem-8691	31	23	a	a	DET
fbem-8691	31	24	major	major	ADJ
fbem-8691	31	25	commodity	commodity	NOUN
fbem-8691	31	26	and	and	CCONJ
fbem-8691	31	27	scholars	scholar	NOUN
fbem-8691	31	28	have	have	AUX
fbem-8691	31	29	conducted	conduct	VERB
fbem-8691	31	30	a	a	DET
fbem-8691	31	31	series	series	NOUN
fbem-8691	31	32	of	of	ADP
fbem-8691	31	33	studies	study	NOUN
fbem-8691	31	34	on	on	ADP
fbem-8691	31	35	this	this	DET
fbem-8691	31	36	topic	topic	NOUN
fbem-8691	31	37	.	.	PUNCT
fbem-8691	32	1	at	at	ADP
fbem-8691	32	2	the	the	DET
fbem-8691	32	3	coal	coal	NOUN
fbem-8691	32	4	price	price	NOUN
fbem-8691	32	5	level	level	NOUN
fbem-8691	32	6	,	,	PUNCT
fbem-8691	32	7	through	through	ADP
fbem-8691	32	8	the	the	DET
fbem-8691	32	9	study	study	NOUN
fbem-8691	32	10	of	of	ADP
fbem-8691	32	11	yanbing	yanbing	NOUN
fbem-8691	32	12	and	and	CCONJ
fbem-8691	32	13	tenghua	tenghua	NOUN
fbem-8691	32	14	[	[	X
fbem-8691	32	15	9	9	NUM
fbem-8691	32	16	]	]	PUNCT
fbem-8691	32	17	,	,	PUNCT
fbem-8691	32	18	it	it	PRON
fbem-8691	32	19	can	can	AUX
fbem-8691	32	20	be	be	AUX
fbem-8691	32	21	concluded	conclude	VERB
fbem-8691	32	22	that	that	SCONJ
fbem-8691	32	23	commodities	commodity	NOUN
fbem-8691	32	24	in	in	ADP
fbem-8691	32	25	the	the	DET
fbem-8691	32	26	energy	energy	NOUN
fbem-8691	32	27	market	market	NOUN
fbem-8691	32	28	interact	interact	VERB
fbem-8691	32	29	with	with	ADP
fbem-8691	32	30	each	each	DET
fbem-8691	32	31	other	other	ADJ
fbem-8691	32	32	,	,	PUNCT
fbem-8691	32	33	with	with	ADP
fbem-8691	32	34	natural	natural	ADJ
fbem-8691	32	35	gas	gas	NOUN
fbem-8691	32	36	prices	price	NOUN
fbem-8691	32	37	having	have	VERB
fbem-8691	32	38	a	a	DET
fbem-8691	32	39	weak	weak	ADJ
fbem-8691	32	40	negative	negative	ADJ
fbem-8691	32	41	impact	impact	NOUN
fbem-8691	32	42	on	on	ADP
fbem-8691	32	43	coal	coal	NOUN
fbem-8691	32	44	prices	price	NOUN
fbem-8691	32	45	over	over	ADP
fbem-8691	32	46	a	a	DET
fbem-8691	32	47	longer	long	ADJ
fbem-8691	32	48	time	time	NOUN
fbem-8691	32	49	horizon	horizon	NOUN
fbem-8691	32	50	,	,	PUNCT
fbem-8691	32	51	and	and	CCONJ
fbem-8691	32	52	oil	oil	NOUN
fbem-8691	32	53	prices	price	NOUN
fbem-8691	32	54	causing	cause	VERB
fbem-8691	32	55	a	a	DET
fbem-8691	32	56	larger	large	ADJ
fbem-8691	32	57	positive	positive	ADJ
fbem-8691	32	58	impact	impact	NOUN
fbem-8691	32	59	.	.	PUNCT
fbem-8691	33	1	in	in	ADP
fbem-8691	33	2	addition	addition	NOUN
fbem-8691	33	3	to	to	ADP
fbem-8691	33	4	this	this	PRON
fbem-8691	33	5	,	,	PUNCT
fbem-8691	33	6	jingye	jingye	NOUN
fbem-8691	33	7	et	et	PROPN
fbem-8691	33	8	al	al	PROPN
fbem-8691	33	9	.	.	PUNCT
fbem-8691	34	1	[	[	X
fbem-8691	34	2	10	10	NUM
fbem-8691	34	3	]	]	PUNCT
fbem-8691	34	4	also	also	ADV
fbem-8691	34	5	find	find	VERB
fbem-8691	34	6	that	that	SCONJ
fbem-8691	34	7	in	in	ADP
fbem-8691	34	8	the	the	DET
fbem-8691	34	9	steam	steam	NOUN
fbem-8691	34	10	coal	coal	NOUN
fbem-8691	34	11	area	area	NOUN
fbem-8691	34	12	,	,	PUNCT
fbem-8691	34	13	international	international	ADJ
fbem-8691	34	14	coal	coal	NOUN
fbem-8691	34	15	prices	price	NOUN
fbem-8691	34	16	have	have	VERB
fbem-8691	34	17	a	a	DET
fbem-8691	34	18	comparatively	comparatively	ADV
fbem-8691	34	19	significant	significant	ADJ
fbem-8691	34	20	effect	effect	NOUN
fbem-8691	34	21	on	on	ADP
fbem-8691	34	22	domestic	domestic	ADJ
fbem-8691	34	23	coal	coal	NOUN
fbem-8691	34	24	prices	price	NOUN
fbem-8691	34	25	.	.	PUNCT
fbem-8691	35	1	chang	chang	PROPN
fbem-8691	35	2	and	and	CCONJ
fbem-8691	35	3	xuran	xuran	PROPN
fbem-8691	36	1	[	[	X
fbem-8691	36	2	11	11	NUM
fbem-8691	36	3	]	]	PUNCT
fbem-8691	36	4	attempt	attempt	NOUN
fbem-8691	36	5	to	to	PART
fbem-8691	36	6	link	link	VERB
fbem-8691	36	7	coal	coal	NOUN
fbem-8691	36	8	price	price	NOUN
fbem-8691	36	9	volatility	volatility	NOUN
fbem-8691	36	10	to	to	ADP
fbem-8691	36	11	policy	policy	NOUN
fbem-8691	36	12	,	,	PUNCT
fbem-8691	36	13	their	their	PRON
fbem-8691	36	14	findings	finding	NOUN
fbem-8691	36	15	show	show	VERB
fbem-8691	36	16	the	the	DET
fbem-8691	36	17	joint	joint	ADJ
fbem-8691	36	18	effect	effect	NOUN
fbem-8691	36	19	of	of	ADP
fbem-8691	36	20	many	many	ADJ
fbem-8691	36	21	factors	factor	NOUN
fbem-8691	36	22	such	such	ADJ
fbem-8691	36	23	as	as	ADP
fbem-8691	36	24	coal	coal	NOUN
fbem-8691	36	25	supply	supply	NOUN
fbem-8691	36	26	,	,	PUNCT
fbem-8691	36	27	economic	economic	ADJ
fbem-8691	36	28	demand	demand	NOUN
fbem-8691	36	29	and	and	CCONJ
fbem-8691	36	30	inventory	inventory	NOUN
fbem-8691	36	31	demand	demand	NOUN
fbem-8691	36	32	on	on	ADP
fbem-8691	36	33	coal	coal	NOUN
fbem-8691	36	34	prices	price	NOUN
fbem-8691	36	35	and	and	CCONJ
fbem-8691	36	36	that	that	DET
fbem-8691	36	37	policy	policy	NOUN
fbem-8691	36	38	can	can	AUX
fbem-8691	36	39	also	also	ADV
fbem-8691	36	40	have	have	VERB
fbem-8691	36	41	a	a	DET
fbem-8691	36	42	substantial	substantial	ADJ
fbem-8691	36	43	impact	impact	NOUN
fbem-8691	36	44	on	on	ADP
fbem-8691	36	45	coal	coal	NOUN
fbem-8691	36	46	prices	price	NOUN
fbem-8691	36	47	.	.	PUNCT
fbem-8691	37	1	dai	dai	PROPN
fbem-8691	37	2	et	et	PROPN
fbem-8691	37	3	al	al	PROPN
fbem-8691	37	4	.	.	PUNCT
fbem-8691	38	1	[	[	X
fbem-8691	38	2	12	12	NUM
fbem-8691	38	3	]	]	PUNCT
fbem-8691	38	4	use	use	VERB
fbem-8691	38	5	exponential	exponential	ADJ
fbem-8691	38	6	smoothing	smoothing	NOUN
fbem-8691	38	7	and	and	CCONJ
fbem-8691	38	8	multiple	multiple	ADJ
fbem-8691	38	9	linear	linear	ADJ
fbem-8691	38	10	regression	regression	NOUN
fbem-8691	38	11	to	to	PART
fbem-8691	38	12	attempt	attempt	VERB
fbem-8691	38	13	to	to	PART
fbem-8691	38	14	make	make	VERB
fbem-8691	38	15	forecasts	forecast	NOUN
fbem-8691	38	16	for	for	ADP
fbem-8691	38	17	qinhuangdao	qinhuangdao	ADJ
fbem-8691	38	18	steam	steam	NOUN
fbem-8691	38	19	coal	coal	NOUN
fbem-8691	38	20	prices	price	NOUN
fbem-8691	38	21	,	,	PUNCT
fbem-8691	38	22	while	while	SCONJ
fbem-8691	38	23	yin	yin	PROPN
fbem-8691	38	24	et	et	PROPN
fbem-8691	38	25	al	al	PROPN
fbem-8691	38	26	.	.	PUNCT
fbem-8691	39	1	[	[	X
fbem-8691	39	2	13	13	NUM
fbem-8691	39	3	]	]	PUNCT
fbem-8691	39	4	use	use	VERB
fbem-8691	39	5	an	an	DET
fbem-8691	39	6	arima	arima	NOUN
fbem-8691	39	7	-	-	PUNCT
fbem-8691	39	8	svm	svm	NOUN
fbem-8691	39	9	model	model	NOUN
fbem-8691	39	10	to	to	PART
fbem-8691	39	11	investigate	investigate	VERB
fbem-8691	39	12	similar	similar	ADJ
fbem-8691	39	13	topics	topic	NOUN
fbem-8691	39	14	.	.	PUNCT
fbem-8691	40	1	guo	guo	PROPN
fbem-8691	40	2	et	et	PROPN
fbem-8691	40	3	al	al	PROPN
fbem-8691	40	4	.	.	PUNCT
fbem-8691	41	1	[	[	X
fbem-8691	41	2	14	14	NUM
fbem-8691	41	3	]	]	PUNCT
fbem-8691	41	4	use	use	VERB
fbem-8691	41	5	a	a	DET
fbem-8691	41	6	var	var	NOUN
fbem-8691	41	7	model	model	NOUN
fbem-8691	41	8	to	to	PART
fbem-8691	41	9	explore	explore	VERB
fbem-8691	41	10	various	various	ADJ
fbem-8691	41	11	factors	factor	NOUN
fbem-8691	41	12	that	that	PRON
fbem-8691	41	13	are	be	AUX
fbem-8691	41	14	drivers	driver	NOUN
fbem-8691	41	15	of	of	ADP
fbem-8691	41	16	coal	coal	NOUN
fbem-8691	41	17	prices	price	NOUN
fbem-8691	41	18	,	,	PUNCT
fbem-8691	41	19	including	include	VERB
fbem-8691	41	20	the	the	DET
fbem-8691	41	21	amount	amount	NOUN
fbem-8691	41	22	of	of	ADP
fbem-8691	41	23	coal	coal	NOUN
fbem-8691	41	24	price	price	NOUN
fbem-8691	41	25	growth	growth	NOUN
fbem-8691	41	26	and	and	CCONJ
fbem-8691	41	27	economic	economic	ADJ
fbem-8691	41	28	growth	growth	NOUN
fbem-8691	41	29	.	.	PUNCT
fbem-8691	42	1	at	at	ADP
fbem-8691	42	2	a	a	DET
fbem-8691	42	3	more	more	ADV
fbem-8691	42	4	macro	macro	ADJ
fbem-8691	42	5	level	level	NOUN
fbem-8691	42	6	of	of	ADP
fbem-8691	42	7	the	the	DET
fbem-8691	42	8	coal	coal	NOUN
fbem-8691	42	9	market	market	NOUN
fbem-8691	42	10	,	,	PUNCT
fbem-8691	42	11	a	a	DET
fbem-8691	42	12	study	study	NOUN
fbem-8691	42	13	by	by	ADP
fbem-8691	42	14	qing	qe	VERB
fbem-8691	42	15	and	and	CCONJ
fbem-8691	42	16	le	le	X
fbem-8691	43	1	[	[	X
fbem-8691	43	2	15	15	NUM
fbem-8691	43	3	]	]	PUNCT
fbem-8691	43	4	focuses	focus	VERB
fbem-8691	43	5	on	on	ADP
fbem-8691	43	6	the	the	DET
fbem-8691	43	7	supply	supply	NOUN
fbem-8691	43	8	curve	curve	NOUN
fbem-8691	43	9	of	of	ADP
fbem-8691	43	10	coal	coal	NOUN
fbem-8691	43	11	and	and	CCONJ
fbem-8691	43	12	finds	find	VERB
fbem-8691	43	13	that	that	SCONJ
fbem-8691	43	14	the	the	DET
fbem-8691	43	15	chinese	chinese	ADJ
fbem-8691	43	16	provincial	provincial	ADJ
fbem-8691	43	17	coal	coal	NOUN
fbem-8691	43	18	industry	industry	NOUN
fbem-8691	43	19	has	have	AUX
fbem-8691	43	20	entered	enter	VERB
fbem-8691	43	21	the	the	DET
fbem-8691	43	22	market	market	NOUN
fbem-8691	43	23	economy	economy	NOUN
fbem-8691	43	24	,	,	PUNCT
fbem-8691	43	25	while	while	SCONJ
fbem-8691	43	26	the	the	DET
fbem-8691	43	27	national	national	ADJ
fbem-8691	43	28	coal	coal	NOUN
fbem-8691	43	29	price	price	NOUN
fbem-8691	43	30	index	index	NOUN
fbem-8691	43	31	plays	play	VERB
fbem-8691	43	32	a	a	DET
fbem-8691	43	33	huge	huge	ADJ
fbem-8691	43	34	role	role	NOUN
fbem-8691	43	35	in	in	ADP
fbem-8691	43	36	the	the	DET
fbem-8691	43	37	steam	steam	NOUN
fbem-8691	43	38	coal	coal	NOUN
fbem-8691	43	39	market	market	NOUN
fbem-8691	43	40	.	.	PUNCT
fbem-8691	44	1	li	li	PROPN
fbem-8691	44	2	and	and	CCONJ
fbem-8691	44	3	an	an	DET
fbem-8691	44	4	[	[	X
fbem-8691	44	5	16	16	NUM
fbem-8691	44	6	]	]	PUNCT
fbem-8691	44	7	conduct	conduct	NOUN
fbem-8691	44	8	a	a	DET
fbem-8691	44	9	series	series	NOUN
fbem-8691	44	10	of	of	ADP
fbem-8691	44	11	studies	study	NOUN
fbem-8691	44	12	based	base	VERB
fbem-8691	44	13	on	on	ADP
fbem-8691	44	14	a	a	DET
fbem-8691	44	15	comovement	comovement	ADJ
fbem-8691	44	16	matrix	matrix	NOUN
fbem-8691	44	17	that	that	PRON
fbem-8691	44	18	can	can	AUX
fbem-8691	44	19	show	show	VERB
fbem-8691	44	20	the	the	DET
fbem-8691	44	21	co	co	NOUN
fbem-8691	44	22	-	-	NOUN
fbem-8691	44	23	movement	movement	NOUN
fbem-8691	44	24	between	between	ADP
fbem-8691	44	25	indicators	indicator	NOUN
fbem-8691	44	26	,	,	PUNCT
fbem-8691	44	27	confirming	confirm	VERB
fbem-8691	44	28	that	that	SCONJ
fbem-8691	44	29	the	the	DET
fbem-8691	44	30	carbon	carbon	NOUN
fbem-8691	44	31	market	market	NOUN
fbem-8691	44	32	and	and	CCONJ
fbem-8691	44	33	coal	coal	NOUN
fbem-8691	44	34	stock	stock	NOUN
fbem-8691	44	35	market	market	NOUN
fbem-8691	44	36	have	have	VERB
fbem-8691	44	37	an	an	DET
fbem-8691	44	38	impact	impact	NOUN
fbem-8691	44	39	on	on	ADP
fbem-8691	44	40	the	the	DET
fbem-8691	44	41	coal	coal	NOUN
fbem-8691	44	42	futures	future	NOUN
fbem-8691	44	43	market	market	NOUN
fbem-8691	44	44	.	.	PUNCT
fbem-8691	45	1	indeed	indeed	ADV
fbem-8691	45	2	,	,	PUNCT
fbem-8691	45	3	yan	yan	PROPN
fbem-8691	45	4	259	259	NUM
fbem-8691	45	5	et	et	PROPN
fbem-8691	45	6	al	al	PROPN
fbem-8691	45	7	.	.	PUNCT
fbem-8691	46	1	[	[	X
fbem-8691	46	2	17	17	NUM
fbem-8691	46	3	]	]	PUNCT
fbem-8691	46	4	also	also	ADV
fbem-8691	46	5	find	find	VERB
fbem-8691	46	6	a	a	DET
fbem-8691	46	7	long	long	ADV
fbem-8691	46	8	-	-	PUNCT
fbem-8691	46	9	run	run	VERB
fbem-8691	46	10	equilibrium	equilibrium	NOUN
fbem-8691	46	11	relationship	relationship	NOUN
fbem-8691	46	12	between	between	ADP
fbem-8691	46	13	carbon	carbon	NOUN
fbem-8691	46	14	emission	emission	NOUN
fbem-8691	46	15	prices	price	NOUN
fbem-8691	46	16	and	and	CCONJ
fbem-8691	46	17	steam	steam	NOUN
fbem-8691	46	18	coal	coal	NOUN
fbem-8691	46	19	futures	future	NOUN
fbem-8691	46	20	prices	price	NOUN
fbem-8691	46	21	,	,	PUNCT
fbem-8691	46	22	with	with	ADP
fbem-8691	46	23	the	the	DET
fbem-8691	46	24	latter	latter	ADJ
fbem-8691	46	25	exerting	exert	VERB
fbem-8691	46	26	a	a	DET
fbem-8691	46	27	more	more	ADV
fbem-8691	46	28	pronounced	pronounced	ADJ
fbem-8691	46	29	influence	influence	NOUN
fbem-8691	46	30	on	on	ADP
fbem-8691	46	31	the	the	DET
fbem-8691	46	32	former	former	NOUN
fbem-8691	46	33	.	.	PUNCT
fbem-8691	47	1	in	in	ADP
fbem-8691	47	2	summary	summary	NOUN
fbem-8691	47	3	,	,	PUNCT
fbem-8691	47	4	the	the	DET
fbem-8691	47	5	existing	exist	VERB
fbem-8691	47	6	literature	literature	NOUN
fbem-8691	47	7	has	have	AUX
fbem-8691	47	8	explored	explore	VERB
fbem-8691	47	9	the	the	DET
fbem-8691	47	10	topics	topic	NOUN
fbem-8691	47	11	of	of	ADP
fbem-8691	47	12	the	the	DET
fbem-8691	47	13	major	major	ADJ
fbem-8691	47	14	commodity	commodity	NOUN
fbem-8691	47	15	financialization	financialization	NOUN
fbem-8691	47	16	and	and	CCONJ
fbem-8691	47	17	coal	coal	NOUN
fbem-8691	47	18	prices	price	NOUN
fbem-8691	47	19	from	from	ADP
fbem-8691	47	20	multiple	multiple	ADJ
fbem-8691	47	21	perspectives	perspective	NOUN
fbem-8691	47	22	.	.	PUNCT
fbem-8691	48	1	researches	research	VERB
fbem-8691	48	2	on	on	ADP
fbem-8691	48	3	the	the	DET
fbem-8691	48	4	financialization	financialization	NOUN
fbem-8691	48	5	of	of	ADP
fbem-8691	48	6	major	major	ADJ
fbem-8691	48	7	commodities	commodity	NOUN
fbem-8691	48	8	have	have	AUX
fbem-8691	48	9	mainly	mainly	ADV
fbem-8691	48	10	focused	focus	VERB
fbem-8691	48	11	on	on	ADP
fbem-8691	48	12	the	the	DET
fbem-8691	48	13	impact	impact	NOUN
fbem-8691	48	14	of	of	ADP
fbem-8691	48	15	this	this	DET
fbem-8691	48	16	phenomenon	phenomenon	NOUN
fbem-8691	48	17	on	on	ADP
fbem-8691	48	18	commodity	commodity	NOUN
fbem-8691	48	19	prices	price	NOUN
fbem-8691	48	20	,	,	PUNCT
fbem-8691	48	21	while	while	SCONJ
fbem-8691	48	22	researches	research	NOUN
fbem-8691	48	23	on	on	ADP
fbem-8691	48	24	coal	coal	NOUN
fbem-8691	48	25	prices	price	NOUN
fbem-8691	48	26	are	be	AUX
fbem-8691	48	27	more	more	ADV
fbem-8691	48	28	diverse	diverse	ADJ
fbem-8691	48	29	,	,	PUNCT
fbem-8691	48	30	with	with	ADP
fbem-8691	48	31	experts	expert	NOUN
fbem-8691	48	32	and	and	CCONJ
fbem-8691	48	33	scholars	scholar	NOUN
fbem-8691	48	34	exploring	explore	VERB
fbem-8691	48	35	the	the	DET
fbem-8691	48	36	linkages	linkage	NOUN
fbem-8691	48	37	between	between	ADP
fbem-8691	48	38	coal	coal	NOUN
fbem-8691	48	39	prices	price	NOUN
fbem-8691	48	40	and	and	CCONJ
fbem-8691	48	41	various	various	ADJ
fbem-8691	48	42	possible	possible	ADJ
fbem-8691	48	43	external	external	ADJ
fbem-8691	48	44	factors	factor	NOUN
fbem-8691	48	45	from	from	ADP
fbem-8691	48	46	different	different	ADJ
fbem-8691	48	47	dimensions	dimension	NOUN
fbem-8691	48	48	,	,	PUNCT
fbem-8691	48	49	including	include	VERB
fbem-8691	48	50	financial	financial	ADJ
fbem-8691	48	51	factors	factor	NOUN
fbem-8691	48	52	.	.	PUNCT
fbem-8691	49	1	however	however	ADV
fbem-8691	49	2	,	,	PUNCT
fbem-8691	49	3	there	there	PRON
fbem-8691	49	4	are	be	VERB
fbem-8691	49	5	few	few	ADJ
fbem-8691	49	6	current	current	ADJ
fbem-8691	49	7	studies	study	NOUN
fbem-8691	49	8	that	that	PRON
fbem-8691	49	9	examine	examine	VERB
fbem-8691	49	10	the	the	DET
fbem-8691	49	11	extent	extent	NOUN
fbem-8691	49	12	to	to	PART
fbem-8691	49	13	which	which	PRON
fbem-8691	49	14	financial	financial	ADJ
fbem-8691	49	15	factors	factor	NOUN
fbem-8691	49	16	affect	affect	VERB
fbem-8691	49	17	coal	coal	NOUN
fbem-8691	49	18	prices	price	NOUN
fbem-8691	49	19	at	at	ADP
fbem-8691	49	20	different	different	ADJ
fbem-8691	49	21	time	time	NOUN
fbem-8691	49	22	periods	period	NOUN
fbem-8691	49	23	.	.	PUNCT
fbem-8691	50	1	1.2	1.2	NUM
fbem-8691	50	2	.	.	PUNCT
fbem-8691	51	1	research	research	NOUN
fbem-8691	51	2	overview	overview	NOUN
fbem-8691	51	3	in	in	ADP
fbem-8691	51	4	recent	recent	ADJ
fbem-8691	51	5	years	year	NOUN
fbem-8691	52	1	,	,	PUNCT
fbem-8691	52	2	the	the	DET
fbem-8691	52	3	coal	coal	NOUN
fbem-8691	52	4	market	market	NOUN
fbem-8691	52	5	has	have	AUX
fbem-8691	52	6	not	not	PART
fbem-8691	52	7	been	be	AUX
fbem-8691	52	8	"	"	PUNCT
fbem-8691	52	9	peaceful	peaceful	ADJ
fbem-8691	52	10	"	"	PUNCT
fbem-8691	52	11	.	.	PUNCT
fbem-8691	53	1	in	in	ADP
fbem-8691	53	2	2021	2021	NUM
fbem-8691	53	3	,	,	PUNCT
fbem-8691	53	4	as	as	SCONJ
fbem-8691	53	5	the	the	DET
fbem-8691	53	6	world	world	NOUN
fbem-8691	53	7	economy	economy	NOUN
fbem-8691	53	8	was	be	AUX
fbem-8691	53	9	gradually	gradually	ADV
fbem-8691	53	10	recovering	recover	VERB
fbem-8691	53	11	from	from	ADP
fbem-8691	53	12	the	the	DET
fbem-8691	53	13	blow	blow	NOUN
fbem-8691	53	14	of	of	ADP
fbem-8691	53	15	the	the	DET
fbem-8691	53	16	covid-19	covid-19	PROPN
fbem-8691	53	17	epidemic	epidemic	NOUN
fbem-8691	53	18	,	,	PUNCT
fbem-8691	53	19	a	a	DET
fbem-8691	53	20	global	global	ADJ
fbem-8691	53	21	energy	energy	NOUN
fbem-8691	53	22	crisis	crisis	NOUN
fbem-8691	53	23	was	be	AUX
fbem-8691	53	24	set	set	VERB
fbem-8691	53	25	off	off	ADP
fbem-8691	53	26	,	,	PUNCT
fbem-8691	53	27	with	with	ADP
fbem-8691	53	28	crude	crude	ADJ
fbem-8691	53	29	oil	oil	NOUN
fbem-8691	53	30	prices	price	NOUN
fbem-8691	53	31	and	and	CCONJ
fbem-8691	53	32	natural	natural	ADJ
fbem-8691	53	33	gas	gas	NOUN
fbem-8691	53	34	prices	price	NOUN
fbem-8691	53	35	both	both	PRON
fbem-8691	53	36	showing	show	VERB
fbem-8691	53	37	significant	significant	ADJ
fbem-8691	53	38	increases	increase	NOUN
fbem-8691	53	39	,	,	PUNCT
fbem-8691	53	40	while	while	SCONJ
fbem-8691	53	41	the	the	DET
fbem-8691	53	42	coal	coal	NOUN
fbem-8691	53	43	market	market	NOUN
fbem-8691	53	44	also	also	ADV
fbem-8691	53	45	suffered	suffer	VERB
fbem-8691	53	46	.	.	PUNCT
fbem-8691	54	1	in	in	ADP
fbem-8691	54	2	china	china	PROPN
fbem-8691	54	3	,	,	PUNCT
fbem-8691	54	4	in	in	ADP
fbem-8691	54	5	addition	addition	NOUN
fbem-8691	54	6	to	to	ADP
fbem-8691	54	7	the	the	DET
fbem-8691	54	8	disruption	disruption	NOUN
fbem-8691	54	9	of	of	ADP
fbem-8691	54	10	the	the	DET
fbem-8691	54	11	energy	energy	NOUN
fbem-8691	54	12	crisis	crisis	NOUN
fbem-8691	54	13	,	,	PUNCT
fbem-8691	54	14	the	the	DET
fbem-8691	54	15	coal	coal	NOUN
fbem-8691	54	16	market	market	NOUN
fbem-8691	54	17	was	be	AUX
fbem-8691	54	18	also	also	ADV
fbem-8691	54	19	hit	hit	VERB
fbem-8691	54	20	by	by	ADP
fbem-8691	54	21	the	the	DET
fbem-8691	54	22	mismatch	mismatch	NOUN
fbem-8691	54	23	between	between	ADP
fbem-8691	54	24	electricity	electricity	NOUN
fbem-8691	54	25	supply	supply	NOUN
fbem-8691	54	26	and	and	CCONJ
fbem-8691	54	27	demand	demand	NOUN
fbem-8691	54	28	,	,	PUNCT
fbem-8691	54	29	the	the	DET
fbem-8691	54	30	reduction	reduction	NOUN
fbem-8691	54	31	of	of	ADP
fbem-8691	54	32	domestic	domestic	ADJ
fbem-8691	54	33	coal	coal	NOUN
fbem-8691	54	34	output	output	NOUN
fbem-8691	54	35	and	and	CCONJ
fbem-8691	54	36	imported	import	VERB
fbem-8691	54	37	coal	coal	NOUN
fbem-8691	54	38	.	.	PUNCT
fbem-8691	55	1	these	these	DET
fbem-8691	55	2	effects	effect	NOUN
fbem-8691	55	3	indirectly	indirectly	ADV
fbem-8691	55	4	raised	raise	VERB
fbem-8691	55	5	the	the	DET
fbem-8691	55	6	national	national	ADJ
fbem-8691	55	7	coal	coal	NOUN
fbem-8691	55	8	demand	demand	NOUN
fbem-8691	55	9	and	and	CCONJ
fbem-8691	55	10	cut	cut	VERB
fbem-8691	55	11	coal	coal	NOUN
fbem-8691	55	12	supply	supply	NOUN
fbem-8691	55	13	,	,	PUNCT
fbem-8691	55	14	making	make	VERB
fbem-8691	55	15	its	its	PRON
fbem-8691	55	16	price	price	NOUN
fbem-8691	55	17	suddenly	suddenly	ADV
fbem-8691	55	18	high	high	ADJ
fbem-8691	55	19	and	and	CCONJ
fbem-8691	55	20	oscillating	oscillating	NOUN
fbem-8691	55	21	.	.	PUNCT
fbem-8691	56	1	in	in	ADP
fbem-8691	56	2	this	this	DET
fbem-8691	56	3	unusual	unusual	ADJ
fbem-8691	56	4	situation	situation	NOUN
fbem-8691	56	5	,	,	PUNCT
fbem-8691	56	6	studying	study	VERB
fbem-8691	56	7	the	the	DET
fbem-8691	56	8	magnitude	magnitude	NOUN
fbem-8691	56	9	of	of	ADP
fbem-8691	56	10	the	the	DET
fbem-8691	56	11	impact	impact	NOUN
fbem-8691	56	12	of	of	ADP
fbem-8691	56	13	each	each	DET
fbem-8691	56	14	factor	factor	NOUN
fbem-8691	56	15	on	on	ADP
fbem-8691	56	16	coal	coal	NOUN
fbem-8691	56	17	prices	price	NOUN
fbem-8691	56	18	can	can	AUX
fbem-8691	56	19	both	both	PRON
fbem-8691	56	20	inform	inform	VERB
fbem-8691	56	21	investors	investor	NOUN
fbem-8691	56	22	'	'	PART
fbem-8691	56	23	decision	decision	NOUN
fbem-8691	56	24	making	make	VERB
fbem-8691	56	25	and	and	CCONJ
fbem-8691	56	26	reveal	reveal	VERB
fbem-8691	56	27	the	the	DET
fbem-8691	56	28	feedback	feedback	NOUN
fbem-8691	56	29	made	make	VERB
fbem-8691	56	30	by	by	ADP
fbem-8691	56	31	a	a	DET
fbem-8691	56	32	country	country	NOUN
fbem-8691	56	33	's	's	PART
fbem-8691	56	34	coal	coal	NOUN
fbem-8691	56	35	market	market	NOUN
fbem-8691	56	36	in	in	ADP
fbem-8691	56	37	the	the	DET
fbem-8691	56	38	face	face	NOUN
fbem-8691	56	39	of	of	ADP
fbem-8691	56	40	shocks	shock	NOUN
fbem-8691	56	41	.	.	PUNCT
fbem-8691	57	1	this	this	DET
fbem-8691	57	2	paper	paper	NOUN
fbem-8691	57	3	focuses	focus	VERB
fbem-8691	57	4	on	on	ADP
fbem-8691	57	5	the	the	DET
fbem-8691	57	6	magnitude	magnitude	NOUN
fbem-8691	57	7	of	of	ADP
fbem-8691	57	8	financial	financial	ADJ
fbem-8691	57	9	factors	factor	NOUN
fbem-8691	57	10	affecting	affect	VERB
fbem-8691	57	11	coal	coal	NOUN
fbem-8691	57	12	prices	price	NOUN
fbem-8691	57	13	at	at	ADP
fbem-8691	57	14	different	different	ADJ
fbem-8691	57	15	stages	stage	NOUN
fbem-8691	57	16	(	(	PUNCT
fbem-8691	57	17	i.e.	i.e.	X
fbem-8691	57	18	,	,	PUNCT
fbem-8691	57	19	preand	preand	NOUN
fbem-8691	57	20	postshock	postshock	NOUN
fbem-8691	57	21	)	)	PUNCT
fbem-8691	57	22	.	.	PUNCT
fbem-8691	58	1	on	on	ADP
fbem-8691	58	2	the	the	DET
fbem-8691	58	3	theoretical	theoretical	ADJ
fbem-8691	58	4	side	side	NOUN
fbem-8691	58	5	,	,	PUNCT
fbem-8691	58	6	this	this	DET
fbem-8691	58	7	paper	paper	NOUN
fbem-8691	58	8	makes	make	VERB
fbem-8691	58	9	the	the	DET
fbem-8691	58	10	first	first	ADJ
fbem-8691	58	11	attempt	attempt	NOUN
fbem-8691	58	12	to	to	PART
fbem-8691	58	13	model	model	VERB
fbem-8691	58	14	various	various	ADJ
fbem-8691	58	15	financial	financial	ADJ
fbem-8691	58	16	factors	factor	NOUN
fbem-8691	58	17	affecting	affect	VERB
fbem-8691	58	18	coal	coal	NOUN
fbem-8691	58	19	prices	price	NOUN
fbem-8691	58	20	in	in	ADP
fbem-8691	58	21	china	china	PROPN
fbem-8691	58	22	as	as	ADV
fbem-8691	58	23	well	well	ADV
fbem-8691	58	24	as	as	ADP
fbem-8691	58	25	to	to	PART
fbem-8691	58	26	compare	compare	VERB
fbem-8691	58	27	the	the	DET
fbem-8691	58	28	differences	difference	NOUN
fbem-8691	58	29	in	in	ADP
fbem-8691	58	30	the	the	DET
fbem-8691	58	31	impact	impact	NOUN
fbem-8691	58	32	of	of	ADP
fbem-8691	58	33	these	these	DET
fbem-8691	58	34	factors	factor	NOUN
fbem-8691	58	35	on	on	ADP
fbem-8691	58	36	coal	coal	NOUN
fbem-8691	58	37	prices	price	NOUN
fbem-8691	58	38	over	over	ADP
fbem-8691	58	39	time	time	NOUN
fbem-8691	58	40	.	.	PUNCT
fbem-8691	59	1	on	on	ADP
fbem-8691	59	2	the	the	DET
fbem-8691	59	3	practical	practical	ADJ
fbem-8691	59	4	side	side	NOUN
fbem-8691	59	5	,	,	PUNCT
fbem-8691	59	6	this	this	DET
fbem-8691	59	7	paper	paper	NOUN
fbem-8691	59	8	shows	show	VERB
fbem-8691	59	9	the	the	DET
fbem-8691	59	10	strength	strength	NOUN
fbem-8691	59	11	of	of	ADP
fbem-8691	59	12	financial	financial	ADJ
fbem-8691	59	13	factors	factor	NOUN
fbem-8691	59	14	’	'	PUNCT
fbem-8691	59	15	impact	impact	NOUN
fbem-8691	59	16	on	on	ADP
fbem-8691	59	17	coal	coal	NOUN
fbem-8691	59	18	prices	price	NOUN
fbem-8691	59	19	at	at	ADP
fbem-8691	59	20	different	different	ADJ
fbem-8691	59	21	stages	stage	NOUN
fbem-8691	59	22	for	for	SCONJ
fbem-8691	59	23	market	market	NOUN
fbem-8691	59	24	participants	participant	NOUN
fbem-8691	59	25	to	to	PART
fbem-8691	59	26	refer	refer	VERB
fbem-8691	59	27	to	to	ADP
fbem-8691	59	28	,	,	PUNCT
fbem-8691	59	29	so	so	SCONJ
fbem-8691	59	30	that	that	SCONJ
fbem-8691	59	31	investors	investor	NOUN
fbem-8691	59	32	and	and	CCONJ
fbem-8691	59	33	practitioners	practitioner	NOUN
fbem-8691	59	34	in	in	ADP
fbem-8691	59	35	different	different	ADJ
fbem-8691	59	36	environments	environment	NOUN
fbem-8691	59	37	can	can	AUX
fbem-8691	59	38	make	make	VERB
fbem-8691	59	39	more	more	ADV
fbem-8691	59	40	accurate	accurate	ADJ
fbem-8691	59	41	forecasts	forecast	NOUN
fbem-8691	59	42	on	on	ADP
fbem-8691	59	43	coal	coal	NOUN
fbem-8691	59	44	market	market	NOUN
fbem-8691	59	45	conditions	condition	NOUN
fbem-8691	59	46	.	.	PUNCT
fbem-8691	60	1	2	2	X
fbem-8691	60	2	.	.	X
fbem-8691	60	3	theoretical	theoretical	ADJ
fbem-8691	60	4	analysis	analysis	NOUN
fbem-8691	60	5	2.1	2.1	NUM
fbem-8691	60	6	.	.	PUNCT
fbem-8691	61	1	analysis	analysis	NOUN
fbem-8691	61	2	of	of	ADP
fbem-8691	61	3	rj	rj	PROPN
fbem-8691	61	4	/	/	SYM
fbem-8691	61	5	crb	crb	PROPN
fbem-8691	61	6	and	and	CCONJ
fbem-8691	61	7	coal	coal	NOUN
fbem-8691	61	8	price	price	NOUN
fbem-8691	61	9	trend	trend	NOUN
fbem-8691	61	10	rj	rj	PROPN
fbem-8691	61	11	/	/	SYM
fbem-8691	61	12	crb	crb	PROPN
fbem-8691	61	13	index	index	NOUN
fbem-8691	61	14	,	,	PUNCT
fbem-8691	61	15	which	which	PRON
fbem-8691	61	16	is	be	AUX
fbem-8691	61	17	the	the	DET
fbem-8691	61	18	reuters	reuters	PROPN
fbem-8691	61	19	/	/	SYM
fbem-8691	61	20	jefferies	jefferies	PROPN
fbem-8691	61	21	commodity	commodity	PROPN
fbem-8691	61	22	research	research	PROPN
fbem-8691	61	23	bureau	bureau	PROPN
fbem-8691	61	24	futures	futures	PROPN
fbem-8691	61	25	price	price	NOUN
fbem-8691	61	26	index	index	NOUN
fbem-8691	61	27	,	,	PUNCT
fbem-8691	61	28	measures	measure	VERB
fbem-8691	61	29	a	a	DET
fbem-8691	61	30	weighted	weighted	ADJ
fbem-8691	61	31	aggregate	aggregate	NOUN
fbem-8691	61	32	of	of	ADP
fbem-8691	61	33	19	19	NUM
fbem-8691	61	34	types	type	NOUN
fbem-8691	61	35	of	of	ADP
fbem-8691	61	36	commodity	commodity	NOUN
fbem-8691	61	37	price	price	NOUN
fbem-8691	61	38	indices	index	NOUN
fbem-8691	61	39	,	,	PUNCT
fbem-8691	61	40	including	include	VERB
fbem-8691	61	41	crude	crude	ADJ
fbem-8691	61	42	oil	oil	NOUN
fbem-8691	61	43	,	,	PUNCT
fbem-8691	61	44	wheat	wheat	NOUN
fbem-8691	61	45	,	,	PUNCT
fbem-8691	61	46	gold	gold	NOUN
fbem-8691	61	47	,	,	PUNCT
fbem-8691	61	48	etc	etc	X
fbem-8691	61	49	.	.	X
fbem-8691	61	50	,	,	PUNCT
fbem-8691	61	51	and	and	CCONJ
fbem-8691	61	52	has	have	VERB
fbem-8691	61	53	a	a	DET
fbem-8691	61	54	strong	strong	ADJ
fbem-8691	61	55	ability	ability	NOUN
fbem-8691	61	56	to	to	PART
fbem-8691	61	57	reflect	reflect	VERB
fbem-8691	61	58	the	the	DET
fbem-8691	61	59	overall	overall	ADJ
fbem-8691	61	60	price	price	NOUN
fbem-8691	61	61	changes	change	NOUN
fbem-8691	61	62	of	of	ADP
fbem-8691	61	63	the	the	DET
fbem-8691	61	64	commodity	commodity	NOUN
fbem-8691	61	65	market	market	NOUN
fbem-8691	61	66	.	.	PUNCT
fbem-8691	62	1	qinhuangdao	qinhuangdao	PROPN
fbem-8691	62	2	port	port	NOUN
fbem-8691	62	3	is	be	AUX
fbem-8691	62	4	an	an	DET
fbem-8691	62	5	important	important	ADJ
fbem-8691	62	6	part	part	NOUN
fbem-8691	62	7	of	of	ADP
fbem-8691	62	8	china	china	PROPN
fbem-8691	62	9	's	's	PART
fbem-8691	62	10	coastal	coastal	ADJ
fbem-8691	62	11	coal	coal	NOUN
fbem-8691	62	12	transportation	transportation	NOUN
fbem-8691	62	13	system	system	NOUN
fbem-8691	62	14	,	,	PUNCT
fbem-8691	62	15	this	this	DET
fbem-8691	62	16	paper	paper	NOUN
fbem-8691	62	17	selects	select	VERB
fbem-8691	62	18	the	the	DET
fbem-8691	62	19	market	market	NOUN
fbem-8691	62	20	price	price	NOUN
fbem-8691	62	21	of	of	ADP
fbem-8691	62	22	q5500	q5500	PROPN
fbem-8691	62	23	shanxi	shanxi	NOUN
fbem-8691	62	24	-	-	PUNCT
fbem-8691	62	25	produced	produce	VERB
fbem-8691	62	26	steam	steam	NOUN
fbem-8691	62	27	coal	coal	NOUN
fbem-8691	62	28	in	in	ADP
fbem-8691	62	29	qinhuangdao	qinhuangdao	PROPN
fbem-8691	62	30	,	,	PUNCT
fbem-8691	62	31	which	which	PRON
fbem-8691	62	32	reflects	reflect	VERB
fbem-8691	62	33	the	the	DET
fbem-8691	62	34	change	change	NOUN
fbem-8691	62	35	of	of	ADP
fbem-8691	62	36	china	china	PROPN
fbem-8691	62	37	's	's	PART
fbem-8691	62	38	coal	coal	NOUN
fbem-8691	62	39	price	price	NOUN
fbem-8691	62	40	to	to	ADP
fbem-8691	62	41	a	a	DET
fbem-8691	62	42	certain	certain	ADJ
fbem-8691	62	43	extent	extent	NOUN
fbem-8691	62	44	.	.	PUNCT
fbem-8691	63	1	figure	figure	NOUN
fbem-8691	63	2	1	1	NUM
fbem-8691	63	3	depicts	depict	VERB
fbem-8691	63	4	the	the	DET
fbem-8691	63	5	change	change	NOUN
fbem-8691	63	6	trend	trend	NOUN
fbem-8691	63	7	of	of	ADP
fbem-8691	63	8	rj	rj	PROPN
fbem-8691	63	9	/	/	SYM
fbem-8691	63	10	crb	crb	PROPN
fbem-8691	63	11	index	index	NOUN
fbem-8691	63	12	and	and	CCONJ
fbem-8691	63	13	steam	steam	NOUN
fbem-8691	63	14	coal	coal	NOUN
fbem-8691	63	15	price	price	NOUN
fbem-8691	63	16	from	from	ADP
fbem-8691	63	17	july	july	PROPN
fbem-8691	63	18	2	2	NUM
fbem-8691	63	19	,	,	PUNCT
fbem-8691	63	20	2007	2007	NUM
fbem-8691	63	21	to	to	ADP
fbem-8691	63	22	march	march	PROPN
fbem-8691	63	23	11	11	NUM
fbem-8691	63	24	,	,	PUNCT
fbem-8691	63	25	2022	2022	NUM
fbem-8691	63	26	.	.	PUNCT
fbem-8691	64	1	it	it	PRON
fbem-8691	64	2	can	can	AUX
fbem-8691	64	3	be	be	AUX
fbem-8691	64	4	seen	see	VERB
fbem-8691	64	5	that	that	SCONJ
fbem-8691	64	6	both	both	DET
fbem-8691	64	7	indices	index	NOUN
fbem-8691	64	8	show	show	VERB
fbem-8691	64	9	an	an	DET
fbem-8691	64	10	upward	upward	ADJ
fbem-8691	64	11	trend	trend	NOUN
fbem-8691	64	12	during	during	ADP
fbem-8691	64	13	07	07	NUM
fbem-8691	64	14	-	-	SYM
fbem-8691	64	15	08	08	NUM
fbem-8691	64	16	,	,	PUNCT
fbem-8691	64	17	followed	follow	VERB
fbem-8691	64	18	by	by	ADP
fbem-8691	64	19	a	a	DET
fbem-8691	64	20	relatively	relatively	ADV
fbem-8691	64	21	stable	stable	ADJ
fbem-8691	64	22	trend	trend	NOUN
fbem-8691	64	23	with	with	ADP
fbem-8691	64	24	smaller	small	ADJ
fbem-8691	64	25	oscillations	oscillation	NOUN
fbem-8691	64	26	for	for	ADP
fbem-8691	64	27	a	a	DET
fbem-8691	64	28	longer	long	ADJ
fbem-8691	64	29	period	period	NOUN
fbem-8691	64	30	of	of	ADP
fbem-8691	64	31	time	time	NOUN
fbem-8691	64	32	,	,	PUNCT
fbem-8691	64	33	in	in	ADP
fbem-8691	64	34	general	general	ADJ
fbem-8691	64	35	,	,	PUNCT
fbem-8691	64	36	the	the	DET
fbem-8691	64	37	trend	trend	NOUN
fbem-8691	64	38	of	of	ADP
fbem-8691	64	39	the	the	DET
fbem-8691	64	40	rj	rj	PROPN
fbem-8691	64	41	/	/	SYM
fbem-8691	64	42	crb	crb	PROPN
fbem-8691	64	43	index	index	NOUN
fbem-8691	64	44	and	and	CCONJ
fbem-8691	64	45	steam	steam	NOUN
fbem-8691	64	46	coal	coal	NOUN
fbem-8691	64	47	price	price	NOUN
fbem-8691	64	48	over	over	ADP
fbem-8691	64	49	time	time	NOUN
fbem-8691	64	50	is	be	AUX
fbem-8691	64	51	consistent	consistent	ADJ
fbem-8691	64	52	.	.	PUNCT
fbem-8691	65	1	from	from	ADP
fbem-8691	65	2	2021	2021	NUM
fbem-8691	65	3	onward	onward	NOUN
fbem-8691	65	4	,	,	PUNCT
fbem-8691	65	5	steam	steam	NOUN
fbem-8691	65	6	coal	coal	NOUN
fbem-8691	65	7	price	price	NOUN
fbem-8691	65	8	skyrocketed	skyrocket	VERB
fbem-8691	65	9	,	,	PUNCT
fbem-8691	65	10	rapidly	rapidly	ADV
fbem-8691	65	11	rising	rise	VERB
fbem-8691	65	12	to	to	ADP
fbem-8691	65	13	nearly	nearly	ADV
fbem-8691	65	14	four	four	NUM
fbem-8691	65	15	times	time	NOUN
fbem-8691	65	16	its	its	PRON
fbem-8691	65	17	previous	previous	ADJ
fbem-8691	65	18	average	average	ADJ
fbem-8691	65	19	level	level	NOUN
fbem-8691	65	20	,	,	PUNCT
fbem-8691	65	21	since	since	SCONJ
fbem-8691	65	22	then	then	ADV
fbem-8691	65	23	,	,	PUNCT
fbem-8691	65	24	the	the	DET
fbem-8691	65	25	consistency	consistency	NOUN
fbem-8691	65	26	of	of	ADP
fbem-8691	65	27	the	the	DET
fbem-8691	65	28	trend	trend	NOUN
fbem-8691	65	29	between	between	ADP
fbem-8691	65	30	steam	steam	NOUN
fbem-8691	65	31	coal	coal	NOUN
fbem-8691	65	32	price	price	NOUN
fbem-8691	65	33	and	and	CCONJ
fbem-8691	65	34	the	the	DET
fbem-8691	65	35	rj	rj	PROPN
fbem-8691	65	36	/	/	SYM
fbem-8691	65	37	crb	crb	PROPN
fbem-8691	65	38	index	index	NOUN
fbem-8691	65	39	no	no	ADV
fbem-8691	65	40	longer	long	ADV
fbem-8691	65	41	holds	hold	VERB
fbem-8691	65	42	.	.	PUNCT
fbem-8691	66	1	the	the	DET
fbem-8691	66	2	above	above	ADJ
fbem-8691	66	3	analysis	analysis	NOUN
fbem-8691	66	4	leads	lead	VERB
fbem-8691	66	5	to	to	ADP
fbem-8691	66	6	the	the	DET
fbem-8691	66	7	hypothesis	hypothesis	NOUN
fbem-8691	66	8	that	that	SCONJ
fbem-8691	66	9	the	the	DET
fbem-8691	66	10	factors	factor	NOUN
fbem-8691	66	11	that	that	PRON
fbem-8691	66	12	play	play	VERB
fbem-8691	66	13	an	an	DET
fbem-8691	66	14	important	important	ADJ
fbem-8691	66	15	role	role	NOUN
fbem-8691	66	16	in	in	ADP
fbem-8691	66	17	macro	macro	ADJ
fbem-8691	66	18	commodity	commodity	NOUN
fbem-8691	66	19	market	market	NOUN
fbem-8691	66	20	pricing	pricing	NOUN
fbem-8691	66	21	may	may	AUX
fbem-8691	66	22	also	also	ADV
fbem-8691	66	23	have	have	AUX
fbem-8691	66	24	a	a	DET
fbem-8691	66	25	similar	similar	ADJ
fbem-8691	66	26	effect	effect	NOUN
fbem-8691	66	27	on	on	ADP
fbem-8691	66	28	coal	coal	NOUN
fbem-8691	66	29	prices	price	NOUN
fbem-8691	66	30	.	.	PUNCT
fbem-8691	67	1	figure	figure	VERB
fbem-8691	67	2	1	1	NUM
fbem-8691	67	3	.	.	PUNCT
fbem-8691	67	4	comparison	comparison	NOUN
fbem-8691	67	5	between	between	ADP
fbem-8691	67	6	the	the	DET
fbem-8691	67	7	trend	trend	NOUN
fbem-8691	67	8	of	of	ADP
fbem-8691	67	9	qinhuangdao	qinhuangdao	ADJ
fbem-8691	67	10	q5500	q5500	PROPN
fbem-8691	67	11	steam	steam	NOUN
fbem-8691	67	12	coal	coal	NOUN
fbem-8691	67	13	price	price	NOUN
fbem-8691	67	14	and	and	CCONJ
fbem-8691	67	15	rj	rj	PROPN
fbem-8691	67	16	/	/	SYM
fbem-8691	67	17	crb	crb	PROPN
fbem-8691	67	18	price	price	NOUN
fbem-8691	67	19	index	index	NOUN
fbem-8691	67	20	2.2	2.2	NUM
fbem-8691	67	21	.	.	PUNCT
fbem-8691	68	1	variable	variable	ADJ
fbem-8691	68	2	selection	selection	NOUN
fbem-8691	68	3	and	and	CCONJ
fbem-8691	68	4	data	datum	NOUN
fbem-8691	68	5	processing	process	VERB
fbem-8691	68	6	this	this	DET
fbem-8691	68	7	paper	paper	NOUN
fbem-8691	68	8	selects	select	NOUN
fbem-8691	68	9	qinhuangdao	qinhuangdao	ADV
fbem-8691	68	10	q5500	q5500	PROPN
fbem-8691	68	11	shanxi	shanxi	NOUN
fbem-8691	68	12	-	-	PUNCT
fbem-8691	68	13	produced	produce	VERB
fbem-8691	68	14	steam	steam	NOUN
fbem-8691	68	15	coal	coal	NOUN
fbem-8691	68	16	price	price	NOUN
fbem-8691	68	17	as	as	ADP
fbem-8691	68	18	the	the	DET
fbem-8691	68	19	explained	explain	VERB
fbem-8691	68	20	variable	variable	NOUN
fbem-8691	68	21	,	,	PUNCT
fbem-8691	68	22	classifies	classify	VERB
fbem-8691	68	23	financial	financial	ADJ
fbem-8691	68	24	factors	factor	NOUN
fbem-8691	68	25	that	that	PRON
fbem-8691	68	26	have	have	VERB
fbem-8691	68	27	the	the	DET
fbem-8691	68	28	potential	potential	ADJ
fbem-8691	68	29	ability	ability	NOUN
fbem-8691	68	30	to	to	PART
fbem-8691	68	31	influence	influence	VERB
fbem-8691	68	32	coal	coal	NOUN
fbem-8691	68	33	price	price	NOUN
fbem-8691	68	34	change	change	NOUN
fbem-8691	68	35	into	into	ADP
fbem-8691	68	36	two	two	NUM
fbem-8691	68	37	categories	category	NOUN
fbem-8691	68	38	:	:	PUNCT
fbem-8691	68	39	futures	future	NOUN
fbem-8691	68	40	market	market	NOUN
fbem-8691	68	41	factors	factor	NOUN
fbem-8691	68	42	and	and	CCONJ
fbem-8691	68	43	economic	economic	ADJ
fbem-8691	68	44	environment	environment	NOUN
fbem-8691	68	45	factors	factor	NOUN
fbem-8691	68	46	,	,	PUNCT
fbem-8691	68	47	selects	select	VERB
fbem-8691	68	48	representative	representative	ADJ
fbem-8691	68	49	factors	factor	NOUN
fbem-8691	68	50	in	in	ADP
fbem-8691	68	51	each	each	PRON
fbem-8691	68	52	of	of	ADP
fbem-8691	68	53	these	these	DET
fbem-8691	68	54	two	two	NUM
fbem-8691	68	55	categories	category	NOUN
fbem-8691	68	56	for	for	ADP
fbem-8691	68	57	examination	examination	NOUN
fbem-8691	68	58	.	.	PUNCT
fbem-8691	69	1	this	this	DET
fbem-8691	69	2	paper	paper	NOUN
fbem-8691	69	3	uses	use	VERB
fbem-8691	69	4	the	the	DET
fbem-8691	69	5	conjectures	conjecture	NOUN
fbem-8691	69	6	presented	present	VERB
fbem-8691	69	7	above	above	ADV
fbem-8691	69	8	to	to	PART
fbem-8691	69	9	select	select	VERB
fbem-8691	69	10	a	a	DET
fbem-8691	69	11	portion	portion	NOUN
fbem-8691	69	12	of	of	ADP
fbem-8691	69	13	those	those	DET
fbem-8691	69	14	factors	factor	NOUN
fbem-8691	69	15	that	that	PRON
fbem-8691	69	16	have	have	AUX
fbem-8691	69	17	been	be	AUX
fbem-8691	69	18	proven	prove	VERB
fbem-8691	69	19	to	to	PART
fbem-8691	69	20	have	have	VERB
fbem-8691	69	21	an	an	DET
fbem-8691	69	22	impact	impact	NOUN
fbem-8691	69	23	on	on	ADP
fbem-8691	69	24	commodity	commodity	NOUN
fbem-8691	69	25	prices	price	NOUN
fbem-8691	69	26	.	.	PUNCT
fbem-8691	70	1	2.2.1	2.2.1	NUM
fbem-8691	70	2	.	.	PUNCT
fbem-8691	71	1	futures	future	NOUN
fbem-8691	71	2	market	market	NOUN
fbem-8691	71	3	factors	factor	VERB
fbem-8691	71	4	the	the	DET
fbem-8691	71	5	futures	future	NOUN
fbem-8691	71	6	market	market	NOUN
fbem-8691	71	7	,	,	PUNCT
fbem-8691	71	8	as	as	ADP
fbem-8691	71	9	a	a	DET
fbem-8691	71	10	typical	typical	ADJ
fbem-8691	71	11	example	example	NOUN
fbem-8691	71	12	of	of	ADP
fbem-8691	71	13	financial	financial	ADJ
fbem-8691	71	14	market	market	NOUN
fbem-8691	71	15	,	,	PUNCT
fbem-8691	71	16	can	can	AUX
fbem-8691	71	17	not	not	PART
fbem-8691	71	18	operate	operate	VERB
fbem-8691	71	19	without	without	ADP
fbem-8691	71	20	the	the	DET
fbem-8691	71	21	spot	spot	NOUN
fbem-8691	71	22	goods	good	NOUN
fbem-8691	71	23	market	market	NOUN
fbem-8691	71	24	,	,	PUNCT
fbem-8691	71	25	it	it	PRON
fbem-8691	71	26	also	also	ADV
fbem-8691	71	27	has	have	VERB
fbem-8691	71	28	an	an	DET
fbem-8691	71	29	interaction	interaction	NOUN
fbem-8691	71	30	with	with	ADP
fbem-8691	71	31	the	the	DET
fbem-8691	71	32	spot	spot	NOUN
fbem-8691	71	33	goods	good	NOUN
fbem-8691	71	34	market	market	NOUN
fbem-8691	71	35	at	at	ADP
fbem-8691	71	36	the	the	DET
fbem-8691	71	37	commodity	commodity	NOUN
fbem-8691	71	38	price	price	NOUN
fbem-8691	71	39	level	level	NOUN
fbem-8691	71	40	.	.	PUNCT
fbem-8691	72	1	in	in	ADP
fbem-8691	72	2	china	china	PROPN
fbem-8691	72	3	,	,	PUNCT
fbem-8691	72	4	the	the	DET
fbem-8691	72	5	nanhua	nanhua	PROPN
fbem-8691	72	6	commodity	commodity	PROPN
fbem-8691	72	7	index	index	NOUN
fbem-8691	72	8	is	be	AUX
fbem-8691	72	9	a	a	DET
fbem-8691	72	10	kind	kind	NOUN
fbem-8691	72	11	of	of	ADP
fbem-8691	72	12	index	index	NOUN
fbem-8691	72	13	similar	similar	ADJ
fbem-8691	72	14	to	to	ADP
fbem-8691	72	15	the	the	DET
fbem-8691	72	16	rj	rj	PROPN
fbem-8691	72	17	/	/	SYM
fbem-8691	72	18	crb	crb	PROPN
fbem-8691	72	19	index	index	NOUN
fbem-8691	72	20	,	,	PUNCT
fbem-8691	72	21	which	which	PRON
fbem-8691	72	22	has	have	VERB
fbem-8691	72	23	the	the	DET
fbem-8691	72	24	ability	ability	NOUN
fbem-8691	72	25	to	to	PART
fbem-8691	72	26	reflect	reflect	VERB
fbem-8691	72	27	commodity	commodity	NOUN
fbem-8691	72	28	prices	price	NOUN
fbem-8691	72	29	and	and	CCONJ
fbem-8691	72	30	has	have	VERB
fbem-8691	72	31	a	a	DET
fbem-8691	72	32	more	more	ADV
fbem-8691	72	33	significant	significant	ADJ
fbem-8691	72	34	connection	connection	NOUN
fbem-8691	72	35	with	with	ADP
fbem-8691	72	36	national	national	ADJ
fbem-8691	72	37	commodities	commodity	NOUN
fbem-8691	72	38	than	than	ADP
fbem-8691	72	39	other	other	ADJ
fbem-8691	72	40	indices	index	NOUN
fbem-8691	72	41	,	,	PUNCT
fbem-8691	72	42	so	so	SCONJ
fbem-8691	72	43	it	it	PRON
fbem-8691	72	44	is	be	AUX
fbem-8691	72	45	assumed	assume	VERB
fbem-8691	72	46	that	that	SCONJ
fbem-8691	72	47	the	the	DET
fbem-8691	72	48	nanhua	nanhua	PROPN
fbem-8691	72	49	commodity	commodity	PROPN
fbem-8691	72	50	index	index	NOUN
fbem-8691	72	51	has	have	VERB
fbem-8691	72	52	a	a	DET
fbem-8691	72	53	certain	certain	ADJ
fbem-8691	72	54	degree	degree	NOUN
fbem-8691	72	55	of	of	ADP
fbem-8691	72	56	influence	influence	NOUN
fbem-8691	72	57	on	on	ADP
fbem-8691	72	58	coal	coal	NOUN
fbem-8691	72	59	prices	price	NOUN
fbem-8691	72	60	.	.	PUNCT
fbem-8691	73	1	this	this	DET
fbem-8691	73	2	paper	paper	NOUN
fbem-8691	73	3	chooses	choose	VERB
fbem-8691	73	4	the	the	DET
fbem-8691	73	5	nanhua	nanhua	PROPN
fbem-8691	73	6	composite	composite	ADJ
fbem-8691	73	7	index	index	NOUN
fbem-8691	73	8	(	(	PUNCT
fbem-8691	73	9	nhall	nhall	PROPN
fbem-8691	73	10	)	)	PUNCT
fbem-8691	73	11	,	,	PUNCT
fbem-8691	73	12	nanhua	nanhua	PROPN
fbem-8691	73	13	steam	steam	PROPN
fbem-8691	73	14	coal	coal	NOUN
fbem-8691	73	15	index	index	NOUN
fbem-8691	73	16	(	(	PUNCT
fbem-8691	73	17	nhcoal	nhcoal	NOUN
fbem-8691	73	18	)	)	PUNCT
fbem-8691	73	19	to	to	PART
fbem-8691	73	20	study	study	VERB
fbem-8691	73	21	.	.	PUNCT
fbem-8691	74	1	besides	besides	SCONJ
fbem-8691	74	2	,	,	PUNCT
fbem-8691	74	3	nanhua	nanhua	PROPN
fbem-8691	74	4	industrial	industrial	ADJ
fbem-8691	74	5	products	product	NOUN
fbem-8691	74	6	index	index	NOUN
fbem-8691	74	7	(	(	PUNCT
fbem-8691	74	8	nhindustry	nhindustry	NOUN
fbem-8691	74	9	)	)	PUNCT
fbem-8691	74	10	will	will	AUX
fbem-8691	74	11	be	be	AUX
fbem-8691	74	12	taken	take	VERB
fbem-8691	74	13	into	into	ADP
fbem-8691	74	14	account	account	NOUN
fbem-8691	74	15	,	,	PUNCT
fbem-8691	74	16	given	give	VERB
fbem-8691	74	17	that	that	DET
fbem-8691	74	18	coal	coal	NOUN
fbem-8691	74	19	is	be	AUX
fbem-8691	74	20	often	often	ADV
fbem-8691	74	21	a	a	DET
fbem-8691	74	22	necessity	necessity	NOUN
fbem-8691	74	23	in	in	ADP
fbem-8691	74	24	industrial	industrial	ADJ
fbem-8691	74	25	production	production	NOUN
fbem-8691	74	26	.	.	PUNCT
fbem-8691	75	1	in	in	ADP
fbem-8691	75	2	addition	addition	NOUN
fbem-8691	75	3	to	to	ADP
fbem-8691	75	4	this	this	PRON
fbem-8691	75	5	,	,	PUNCT
fbem-8691	75	6	the	the	DET
fbem-8691	75	7	futures	future	NOUN
fbem-8691	75	8	closing	closing	NOUN
fbem-8691	75	9	price	price	NOUN
fbem-8691	75	10	of	of	ADP
fbem-8691	75	11	steam	steam	NOUN
fbem-8691	75	12	coal	coal	NOUN
fbem-8691	75	13	(	(	PUNCT
fbem-8691	75	14	coalfu	coalfu	NOUN
fbem-8691	75	15	)	)	PUNCT
fbem-8691	75	16	will	will	AUX
fbem-8691	75	17	also	also	ADV
fbem-8691	75	18	be	be	AUX
fbem-8691	75	19	included	include	VERB
fbem-8691	75	20	in	in	ADP
fbem-8691	75	21	the	the	DET
fbem-8691	75	22	model	model	NOUN
fbem-8691	75	23	measurement	measurement	NOUN
fbem-8691	75	24	.	.	PUNCT
fbem-8691	76	1	2.2.2	2.2.2	X
fbem-8691	76	2	.	.	PUNCT
fbem-8691	76	3	economic	economic	ADJ
fbem-8691	76	4	environment	environment	NOUN
fbem-8691	76	5	factors	factor	VERB
fbem-8691	76	6	currency	currency	NOUN
fbem-8691	76	7	-	-	PUNCT
fbem-8691	76	8	related	relate	VERB
fbem-8691	76	9	macroeconomic	macroeconomic	ADJ
fbem-8691	76	10	factors	factor	NOUN
fbem-8691	76	11	can	can	AUX
fbem-8691	76	12	influence	influence	VERB
fbem-8691	76	13	the	the	DET
fbem-8691	76	14	state	state	NOUN
fbem-8691	76	15	of	of	ADP
fbem-8691	76	16	supply	supply	NOUN
fbem-8691	76	17	and	and	CCONJ
fbem-8691	76	18	demand	demand	NOUN
fbem-8691	76	19	in	in	ADP
fbem-8691	76	20	traditional	traditional	ADJ
fbem-8691	76	21	markets	market	NOUN
fbem-8691	76	22	and	and	CCONJ
fbem-8691	76	23	indirectly	indirectly	ADV
fbem-8691	76	24	affect	affect	VERB
fbem-8691	76	25	commodity	commodity	NOUN
fbem-8691	76	26	prices	price	NOUN
fbem-8691	76	27	.	.	PUNCT
fbem-8691	77	1	based	base	VERB
fbem-8691	77	2	on	on	ADP
fbem-8691	77	3	zunxin	zunxin	PROPN
fbem-8691	77	4	et	et	PROPN
fbem-8691	77	5	al	al	PROPN
fbem-8691	77	6	.	.	PUNCT
fbem-8691	78	1	[	[	X
fbem-8691	78	2	5	5	NUM
fbem-8691	78	3	]	]	PUNCT
fbem-8691	78	4	,	,	PUNCT
fbem-8691	78	5	there	there	PRON
fbem-8691	78	6	is	be	VERB
fbem-8691	78	7	a	a	DET
fbem-8691	78	8	significant	significant	ADJ
fbem-8691	78	9	negative	negative	ADJ
fbem-8691	78	10	correlation	correlation	NOUN
fbem-8691	78	11	between	between	ADP
fbem-8691	78	12	commodity	commodity	NOUN
fbem-8691	78	13	prices	price	NOUN
fbem-8691	78	14	and	and	CCONJ
fbem-8691	78	15	the	the	DET
fbem-8691	78	16	u.s	u.s	PROPN
fbem-8691	78	17	.	.	PROPN
fbem-8691	78	18	dollar	dollar	NOUN
fbem-8691	78	19	index	index	NOUN
fbem-8691	78	20	during	during	ADP
fbem-8691	78	21	the	the	DET
fbem-8691	78	22	financialization	financialization	NOUN
fbem-8691	78	23	of	of	ADP
fbem-8691	78	24	commodities	commodity	NOUN
fbem-8691	78	25	,	,	PUNCT
fbem-8691	78	26	and	and	CCONJ
fbem-8691	78	27	the	the	DET
fbem-8691	78	28	dollar	dollar	NOUN
fbem-8691	78	29	effect	effect	NOUN
fbem-8691	78	30	can	can	AUX
fbem-8691	78	31	explain	explain	VERB
fbem-8691	78	32	the	the	DET
fbem-8691	78	33	changes	change	NOUN
fbem-8691	78	34	in	in	ADP
fbem-8691	78	35	the	the	DET
fbem-8691	78	36	chinese	chinese	ADJ
fbem-8691	78	37	commodity	commodity	NOUN
fbem-8691	78	38	market	market	NOUN
fbem-8691	78	39	to	to	ADP
fbem-8691	78	40	some	some	DET
fbem-8691	78	41	extent	extent	NOUN
fbem-8691	78	42	,	,	PUNCT
fbem-8691	78	43	so	so	ADV
fbem-8691	78	44	the	the	DET
fbem-8691	78	45	u.s	u.s	PROPN
fbem-8691	78	46	.	.	PROPN
fbem-8691	78	47	dollar	dollar	PROPN
fbem-8691	78	48	index	index	NOUN
fbem-8691	78	49	(	(	PUNCT
fbem-8691	78	50	dindex	dindex	NOUN
fbem-8691	78	51	)	)	PUNCT
fbem-8691	78	52	is	be	AUX
fbem-8691	78	53	selected	select	VERB
fbem-8691	78	54	in	in	ADP
fbem-8691	78	55	this	this	DET
fbem-8691	78	56	paper	paper	NOUN
fbem-8691	78	57	.	.	PUNCT
fbem-8691	79	1	secondly	secondly	ADV
fbem-8691	79	2	,	,	PUNCT
fbem-8691	79	3	xin	xin	PROPN
fbem-8691	79	4	and	and	CCONJ
fbem-8691	79	5	xuejun	xuejun	PROPN
fbem-8691	79	6	[	[	X
fbem-8691	79	7	18	18	NUM
fbem-8691	79	8	]	]	PUNCT
fbem-8691	79	9	argue	argue	VERB
fbem-8691	79	10	that	that	SCONJ
fbem-8691	79	11	the	the	DET
fbem-8691	79	12	rmb	rmb	PROPN
fbem-8691	79	13	exchange	exchange	NOUN
fbem-8691	79	14	rate	rate	NOUN
fbem-8691	79	15	260	260	NUM
fbem-8691	79	16	contributes	contribute	VERB
fbem-8691	79	17	to	to	ADP
fbem-8691	79	18	commodity	commodity	NOUN
fbem-8691	79	19	price	price	NOUN
fbem-8691	79	20	change	change	NOUN
fbem-8691	79	21	and	and	CCONJ
fbem-8691	79	22	the	the	DET
fbem-8691	79	23	spot	spot	NOUN
fbem-8691	79	24	exchange	exchange	NOUN
fbem-8691	79	25	rate	rate	NOUN
fbem-8691	79	26	of	of	ADP
fbem-8691	79	27	usd	usd	NOUN
fbem-8691	79	28	to	to	ADP
fbem-8691	79	29	cny	cny	PROPN
fbem-8691	79	30	(	(	PUNCT
fbem-8691	79	31	exrate	exrate	ADJ
fbem-8691	79	32	)	)	PUNCT
fbem-8691	79	33	is	be	AUX
fbem-8691	79	34	selected	select	VERB
fbem-8691	79	35	in	in	ADP
fbem-8691	79	36	this	this	DET
fbem-8691	79	37	paper	paper	NOUN
fbem-8691	79	38	based	base	VERB
fbem-8691	79	39	on	on	ADP
fbem-8691	79	40	this	this	DET
fbem-8691	79	41	conclusion	conclusion	NOUN
fbem-8691	79	42	.	.	PUNCT
fbem-8691	80	1	the	the	DET
fbem-8691	80	2	data	datum	NOUN
fbem-8691	80	3	are	be	AUX
fbem-8691	80	4	all	all	PRON
fbem-8691	80	5	obtained	obtain	VERB
fbem-8691	80	6	from	from	ADP
fbem-8691	80	7	wind	wind	NOUN
fbem-8691	80	8	database	database	NOUN
fbem-8691	80	9	.	.	PUNCT
fbem-8691	81	1	2.2.3	2.2.3	NUM
fbem-8691	81	2	.	.	PUNCT
fbem-8691	81	3	data	datum	NOUN
fbem-8691	81	4	processing	processing	NOUN
fbem-8691	81	5	to	to	PART
fbem-8691	81	6	avoid	avoid	VERB
fbem-8691	81	7	problems	problem	NOUN
fbem-8691	81	8	like	like	ADP
fbem-8691	81	9	collinearity	collinearity	NOUN
fbem-8691	81	10	and	and	CCONJ
fbem-8691	81	11	heteroscedasticity	heteroscedasticity	NOUN
fbem-8691	81	12	and	and	CCONJ
fbem-8691	81	13	to	to	PART
fbem-8691	81	14	make	make	VERB
fbem-8691	81	15	it	it	PRON
fbem-8691	81	16	easier	easy	ADJ
fbem-8691	81	17	to	to	PART
fbem-8691	81	18	study	study	VERB
fbem-8691	81	19	,	,	PUNCT
fbem-8691	81	20	the	the	DET
fbem-8691	81	21	collected	collect	VERB
fbem-8691	81	22	data	datum	NOUN
fbem-8691	81	23	are	be	AUX
fbem-8691	81	24	logarithmized	logarithmized	ADJ
fbem-8691	81	25	.	.	PUNCT
fbem-8691	82	1	in	in	ADP
fbem-8691	82	2	addition	addition	NOUN
fbem-8691	82	3	to	to	ADP
fbem-8691	82	4	this	this	PRON
fbem-8691	82	5	,	,	PUNCT
fbem-8691	82	6	to	to	PART
fbem-8691	82	7	remove	remove	VERB
fbem-8691	82	8	the	the	DET
fbem-8691	82	9	influence	influence	NOUN
fbem-8691	82	10	of	of	ADP
fbem-8691	82	11	individual	individual	ADJ
fbem-8691	82	12	extreme	extreme	ADJ
fbem-8691	82	13	values	value	NOUN
fbem-8691	82	14	on	on	ADP
fbem-8691	82	15	the	the	DET
fbem-8691	82	16	data	datum	NOUN
fbem-8691	82	17	as	as	ADP
fbem-8691	82	18	a	a	DET
fbem-8691	82	19	whole	whole	NOUN
fbem-8691	82	20	,	,	PUNCT
fbem-8691	82	21	this	this	DET
fbem-8691	82	22	paper	paper	NOUN
fbem-8691	82	23	does	do	VERB
fbem-8691	82	24	winsorization	winsorization	NOUN
fbem-8691	82	25	for	for	ADP
fbem-8691	82	26	data	datum	NOUN
fbem-8691	82	27	that	that	PRON
fbem-8691	82	28	are	be	AUX
fbem-8691	82	29	not	not	PART
fbem-8691	82	30	included	include	VERB
fbem-8691	82	31	in	in	ADP
fbem-8691	82	32	the	the	DET
fbem-8691	82	33	size	size	NOUN
fbem-8691	82	34	range	range	NOUN
fbem-8691	82	35	of	of	ADP
fbem-8691	82	36	1	1	NUM
fbem-8691	82	37	%	%	NOUN
fbem-8691	82	38	to	to	PART
fbem-8691	82	39	99	99	NUM
fbem-8691	82	40	%	%	NOUN
fbem-8691	82	41	.	.	PUNCT
fbem-8691	83	1	2.3	2.3	NUM
fbem-8691	83	2	.	.	PUNCT
fbem-8691	84	1	data	datum	NOUN
fbem-8691	84	2	analysis	analysis	NOUN
fbem-8691	84	3	and	and	CCONJ
fbem-8691	84	4	data	datum	NOUN
fbem-8691	84	5	partitioning	partition	VERB
fbem-8691	84	6	to	to	PART
fbem-8691	84	7	enhance	enhance	VERB
fbem-8691	84	8	the	the	DET
fbem-8691	84	9	timeliness	timeliness	NOUN
fbem-8691	84	10	and	and	CCONJ
fbem-8691	84	11	practicality	practicality	NOUN
fbem-8691	84	12	of	of	ADP
fbem-8691	84	13	this	this	DET
fbem-8691	84	14	paper	paper	NOUN
fbem-8691	84	15	's	's	PART
fbem-8691	84	16	research	research	NOUN
fbem-8691	84	17	,	,	PUNCT
fbem-8691	84	18	data	datum	NOUN
fbem-8691	84	19	from	from	ADP
fbem-8691	84	20	recent	recent	ADJ
fbem-8691	84	21	years	year	NOUN
fbem-8691	84	22	are	be	AUX
fbem-8691	84	23	used	use	VERB
fbem-8691	84	24	as	as	ADP
fbem-8691	84	25	the	the	DET
fbem-8691	84	26	main	main	ADJ
fbem-8691	84	27	research	research	NOUN
fbem-8691	84	28	object	object	NOUN
fbem-8691	84	29	.	.	PUNCT
fbem-8691	85	1	the	the	DET
fbem-8691	85	2	coal	coal	NOUN
fbem-8691	85	3	price	price	NOUN
fbem-8691	85	4	data	datum	NOUN
fbem-8691	85	5	from	from	ADP
fbem-8691	85	6	november	november	PROPN
fbem-8691	85	7	1	1	NUM
fbem-8691	85	8	,	,	PUNCT
fbem-8691	85	9	2016	2016	NUM
fbem-8691	85	10	to	to	ADP
fbem-8691	85	11	march	march	PROPN
fbem-8691	85	12	11	11	NUM
fbem-8691	85	13	,	,	PUNCT
fbem-8691	85	14	2022	2022	NUM
fbem-8691	85	15	are	be	AUX
fbem-8691	85	16	analyzed	analyze	VERB
fbem-8691	85	17	and	and	CCONJ
fbem-8691	85	18	it	it	PRON
fbem-8691	85	19	can	can	AUX
fbem-8691	85	20	be	be	AUX
fbem-8691	85	21	seen	see	VERB
fbem-8691	85	22	in	in	ADP
fbem-8691	85	23	figure	figure	NOUN
fbem-8691	85	24	2	2	NUM
fbem-8691	85	25	that	that	SCONJ
fbem-8691	85	26	the	the	DET
fbem-8691	85	27	change	change	NOUN
fbem-8691	85	28	curve	curve	NOUN
fbem-8691	85	29	of	of	ADP
fbem-8691	85	30	coal	coal	NOUN
fbem-8691	85	31	prices	price	NOUN
fbem-8691	85	32	shifts	shift	NOUN
fbem-8691	85	33	from	from	ADP
fbem-8691	85	34	relatively	relatively	ADV
fbem-8691	85	35	smooth	smooth	ADJ
fbem-8691	85	36	trend	trend	NOUN
fbem-8691	85	37	to	to	ADP
fbem-8691	85	38	rapid	rapid	ADJ
fbem-8691	85	39	and	and	CCONJ
fbem-8691	85	40	violent	violent	ADJ
fbem-8691	85	41	fluctuations	fluctuation	NOUN
fbem-8691	85	42	with	with	ADP
fbem-8691	85	43	2021	2021	NUM
fbem-8691	85	44	as	as	ADP
fbem-8691	85	45	the	the	DET
fbem-8691	85	46	cutoff	cutoff	NOUN
fbem-8691	85	47	point	point	NOUN
fbem-8691	85	48	.	.	PUNCT
fbem-8691	86	1	xinxiang	xinxiang	PROPN
fbem-8691	86	2	et	et	PROPN
fbem-8691	86	3	al	al	PROPN
fbem-8691	86	4	.	.	PUNCT
fbem-8691	87	1	[	[	X
fbem-8691	87	2	19	19	NUM
fbem-8691	87	3	]	]	PUNCT
fbem-8691	87	4	investigate	investigate	VERB
fbem-8691	87	5	the	the	DET
fbem-8691	87	6	macro	macro	ADJ
fbem-8691	87	7	volatility	volatility	NOUN
fbem-8691	87	8	pattern	pattern	NOUN
fbem-8691	87	9	of	of	ADP
fbem-8691	87	10	coal	coal	NOUN
fbem-8691	87	11	prices	price	NOUN
fbem-8691	87	12	and	and	CCONJ
fbem-8691	87	13	the	the	DET
fbem-8691	87	14	study	study	NOUN
fbem-8691	87	15	introduces	introduce	VERB
fbem-8691	87	16	the	the	DET
fbem-8691	87	17	concept	concept	NOUN
fbem-8691	87	18	of	of	ADP
fbem-8691	87	19	the	the	DET
fbem-8691	87	20	kondratiev	kondratiev	PROPN
fbem-8691	87	21	wave	wave	NOUN
fbem-8691	87	22	,	,	PUNCT
fbem-8691	87	23	which	which	PRON
fbem-8691	87	24	is	be	AUX
fbem-8691	87	25	considered	consider	VERB
fbem-8691	87	26	to	to	PART
fbem-8691	87	27	play	play	VERB
fbem-8691	87	28	a	a	DET
fbem-8691	87	29	crucial	crucial	ADJ
fbem-8691	87	30	role	role	NOUN
fbem-8691	87	31	in	in	ADP
fbem-8691	87	32	major	major	ADJ
fbem-8691	87	33	commodity	commodity	NOUN
fbem-8691	87	34	price	price	NOUN
fbem-8691	87	35	fluctuations	fluctuation	NOUN
fbem-8691	87	36	.	.	PUNCT
fbem-8691	88	1	after	after	ADP
fbem-8691	88	2	analyzing	analyze	VERB
fbem-8691	88	3	this	this	DET
fbem-8691	88	4	theory	theory	NOUN
fbem-8691	88	5	,	,	PUNCT
fbem-8691	88	6	it	it	PRON
fbem-8691	88	7	is	be	AUX
fbem-8691	88	8	possible	possible	ADJ
fbem-8691	88	9	to	to	PART
fbem-8691	88	10	classify	classify	VERB
fbem-8691	88	11	the	the	DET
fbem-8691	88	12	market	market	NOUN
fbem-8691	88	13	condition	condition	NOUN
fbem-8691	88	14	of	of	ADP
fbem-8691	88	15	coal	coal	NOUN
fbem-8691	88	16	prices	price	NOUN
fbem-8691	88	17	as	as	ADP
fbem-8691	88	18	10	10	NUM
fbem-8691	88	19	-	-	PUNCT
fbem-8691	88	20	year	year	NOUN
fbem-8691	88	21	cycles	cycle	NOUN
fbem-8691	88	22	,	,	PUNCT
fbem-8691	88	23	where	where	SCONJ
fbem-8691	88	24	the	the	DET
fbem-8691	88	25	prices	price	NOUN
fbem-8691	88	26	from	from	ADP
fbem-8691	88	27	2010	2010	NUM
fbem-8691	88	28	to	to	ADP
fbem-8691	88	29	2020	2020	NUM
fbem-8691	88	30	belong	belong	VERB
fbem-8691	88	31	to	to	ADP
fbem-8691	88	32	the	the	DET
fbem-8691	88	33	same	same	ADJ
fbem-8691	88	34	cycle	cycle	NOUN
fbem-8691	88	35	and	and	CCONJ
fbem-8691	88	36	the	the	DET
fbem-8691	88	37	data	datum	NOUN
fbem-8691	88	38	from	from	ADP
fbem-8691	88	39	2020	2020	NUM
fbem-8691	88	40	to	to	ADP
fbem-8691	88	41	2030	2030	NUM
fbem-8691	88	42	are	be	AUX
fbem-8691	88	43	predicted	predict	VERB
fbem-8691	88	44	to	to	PART
fbem-8691	88	45	belong	belong	VERB
fbem-8691	88	46	to	to	ADP
fbem-8691	88	47	another	another	DET
fbem-8691	88	48	one	one	NOUN
fbem-8691	88	49	,	,	PUNCT
fbem-8691	88	50	which	which	PRON
fbem-8691	88	51	is	be	AUX
fbem-8691	88	52	also	also	ADV
fbem-8691	88	53	well	well	ADV
fbem-8691	88	54	evidenced	evidence	VERB
fbem-8691	88	55	in	in	ADP
fbem-8691	88	56	figure	figure	NOUN
fbem-8691	88	57	2	2	NUM
fbem-8691	88	58	.	.	PUNCT
fbem-8691	89	1	yan	yan	PROPN
fbem-8691	89	2	's	's	PART
fbem-8691	89	3	[	[	X
fbem-8691	89	4	20	20	NUM
fbem-8691	89	5	]	]	PUNCT
fbem-8691	89	6	study	study	NOUN
fbem-8691	89	7	takes	take	VERB
fbem-8691	89	8	coking	coke	VERB
fbem-8691	89	9	coal	coal	NOUN
fbem-8691	89	10	as	as	ADP
fbem-8691	89	11	the	the	DET
fbem-8691	89	12	object	object	NOUN
fbem-8691	89	13	of	of	ADP
fbem-8691	89	14	analysis	analysis	NOUN
fbem-8691	89	15	,	,	PUNCT
fbem-8691	89	16	which	which	PRON
fbem-8691	89	17	can	can	AUX
fbem-8691	89	18	explain	explain	VERB
fbem-8691	89	19	the	the	DET
fbem-8691	89	20	price	price	NOUN
fbem-8691	89	21	trend	trend	NOUN
fbem-8691	89	22	of	of	ADP
fbem-8691	89	23	chinese	chinese	ADJ
fbem-8691	89	24	steam	steam	NOUN
fbem-8691	89	25	coal	coal	NOUN
fbem-8691	89	26	to	to	ADP
fbem-8691	89	27	a	a	DET
fbem-8691	89	28	certain	certain	ADJ
fbem-8691	89	29	extent	extent	NOUN
fbem-8691	89	30	.	.	PUNCT
fbem-8691	90	1	in	in	ADP
fbem-8691	90	2	this	this	DET
fbem-8691	90	3	study	study	NOUN
fbem-8691	90	4	,	,	PUNCT
fbem-8691	90	5	it	it	PRON
fbem-8691	90	6	is	be	AUX
fbem-8691	90	7	shown	show	VERB
fbem-8691	90	8	that	that	SCONJ
fbem-8691	90	9	factors	factor	NOUN
fbem-8691	90	10	which	which	PRON
fbem-8691	90	11	affect	affect	VERB
fbem-8691	90	12	the	the	DET
fbem-8691	90	13	price	price	NOUN
fbem-8691	90	14	of	of	ADP
fbem-8691	90	15	coking	coke	VERB
fbem-8691	90	16	coal	coal	NOUN
fbem-8691	90	17	in	in	ADP
fbem-8691	90	18	2021	2021	NUM
fbem-8691	90	19	include	include	VERB
fbem-8691	90	20	china	china	PROPN
fbem-8691	90	21	's	's	PART
fbem-8691	90	22	coking	coking	NOUN
fbem-8691	90	23	coal	coal	NOUN
fbem-8691	90	24	importer	importer	NOUN
fbem-8691	90	25	problem	problem	NOUN
fbem-8691	90	26	,	,	PUNCT
fbem-8691	90	27	the	the	DET
fbem-8691	90	28	covid-19	covid-19	PROPN
fbem-8691	90	29	epidemic	epidemic	NOUN
fbem-8691	90	30	problem	problem	NOUN
fbem-8691	90	31	and	and	CCONJ
fbem-8691	90	32	so	so	ADV
fbem-8691	90	33	on	on	ADV
fbem-8691	90	34	,	,	PUNCT
fbem-8691	90	35	thus	thus	ADV
fbem-8691	90	36	the	the	DET
fbem-8691	90	37	price	price	NOUN
fbem-8691	90	38	of	of	ADP
fbem-8691	90	39	coking	coke	VERB
fbem-8691	90	40	coal	coal	NOUN
fbem-8691	90	41	rises	rise	NOUN
fbem-8691	90	42	driven	drive	VERB
fbem-8691	90	43	by	by	ADP
fbem-8691	90	44	global	global	ADJ
fbem-8691	90	45	influencing	influence	VERB
fbem-8691	90	46	factors	factor	NOUN
fbem-8691	90	47	.	.	PUNCT
fbem-8691	91	1	according	accord	VERB
fbem-8691	91	2	to	to	ADP
fbem-8691	91	3	xianping	xianping	NOUN
fbem-8691	91	4	and	and	CCONJ
fbem-8691	91	5	wen	wen	VERB
fbem-8691	91	6	[	[	X
fbem-8691	91	7	21	21	NUM
fbem-8691	91	8	]	]	PUNCT
fbem-8691	91	9	,	,	PUNCT
fbem-8691	91	10	coal	coal	NOUN
fbem-8691	91	11	prices	price	NOUN
fbem-8691	91	12	have	have	AUX
fbem-8691	91	13	shifted	shift	VERB
fbem-8691	91	14	significantly	significantly	ADV
fbem-8691	91	15	due	due	ADP
fbem-8691	91	16	to	to	ADP
fbem-8691	91	17	the	the	DET
fbem-8691	91	18	impact	impact	NOUN
fbem-8691	91	19	of	of	ADP
fbem-8691	91	20	unexpected	unexpected	ADJ
fbem-8691	91	21	external	external	ADJ
fbem-8691	91	22	events	event	NOUN
fbem-8691	91	23	and	and	CCONJ
fbem-8691	91	24	no	no	ADV
fbem-8691	91	25	longer	long	ADV
fbem-8691	91	26	maintain	maintain	VERB
fbem-8691	91	27	their	their	PRON
fbem-8691	91	28	original	original	ADJ
fbem-8691	91	29	stable	stable	ADJ
fbem-8691	91	30	pattern	pattern	NOUN
fbem-8691	91	31	.	.	PUNCT
fbem-8691	92	1	figure	figure	NOUN
fbem-8691	92	2	2	2	NUM
fbem-8691	92	3	.	.	NOUN
fbem-8691	92	4	trend	trend	NOUN
fbem-8691	92	5	of	of	ADP
fbem-8691	92	6	qinhuangdao	qinhuangdao	ADJ
fbem-8691	92	7	q5500	q5500	PROPN
fbem-8691	92	8	steam	steam	NOUN
fbem-8691	92	9	coal	coal	NOUN
fbem-8691	92	10	price	price	NOUN
fbem-8691	92	11	from	from	ADP
fbem-8691	92	12	2016	2016	NUM
fbem-8691	92	13	to	to	ADP
fbem-8691	92	14	2022	2022	NUM
fbem-8691	92	15	combining	combine	VERB
fbem-8691	92	16	the	the	DET
fbem-8691	92	17	above	above	ADJ
fbem-8691	92	18	information	information	NOUN
fbem-8691	92	19	,	,	PUNCT
fbem-8691	92	20	the	the	DET
fbem-8691	92	21	total	total	ADJ
fbem-8691	92	22	study	study	NOUN
fbem-8691	92	23	interval	interval	NOUN
fbem-8691	92	24	can	can	AUX
fbem-8691	92	25	be	be	AUX
fbem-8691	92	26	divided	divide	VERB
fbem-8691	92	27	into	into	ADP
fbem-8691	92	28	two	two	NUM
fbem-8691	92	29	periods	period	NOUN
fbem-8691	92	30	,	,	PUNCT
fbem-8691	92	31	which	which	PRON
fbem-8691	92	32	are	be	AUX
fbem-8691	92	33	from	from	ADP
fbem-8691	92	34	november	november	PROPN
fbem-8691	92	35	1	1	NUM
fbem-8691	92	36	,	,	PUNCT
fbem-8691	92	37	2016	2016	NUM
fbem-8691	92	38	to	to	ADP
fbem-8691	92	39	december	december	PROPN
fbem-8691	92	40	31	31	NUM
fbem-8691	92	41	,	,	PUNCT
fbem-8691	92	42	2020	2020	NUM
fbem-8691	92	43	and	and	CCONJ
fbem-8691	92	44	from	from	ADP
fbem-8691	92	45	january	january	PROPN
fbem-8691	92	46	1	1	NUM
fbem-8691	92	47	,	,	PUNCT
fbem-8691	92	48	2021	2021	NUM
fbem-8691	92	49	to	to	ADP
fbem-8691	92	50	march	march	PROPN
fbem-8691	92	51	11	11	NUM
fbem-8691	92	52	,	,	PUNCT
fbem-8691	92	53	2022	2022	NUM
fbem-8691	92	54	.	.	PUNCT
fbem-8691	93	1	this	this	DET
fbem-8691	93	2	paper	paper	NOUN
fbem-8691	93	3	will	will	AUX
fbem-8691	93	4	study	study	VERB
fbem-8691	93	5	the	the	DET
fbem-8691	93	6	involvement	involvement	NOUN
fbem-8691	93	7	of	of	ADP
fbem-8691	93	8	financial	financial	ADJ
fbem-8691	93	9	factors	factor	NOUN
fbem-8691	93	10	in	in	ADP
fbem-8691	93	11	coal	coal	NOUN
fbem-8691	93	12	price	price	NOUN
fbem-8691	93	13	volatility	volatility	NOUN
fbem-8691	93	14	and	and	CCONJ
fbem-8691	93	15	compare	compare	VERB
fbem-8691	93	16	the	the	DET
fbem-8691	93	17	results	result	NOUN
fbem-8691	93	18	obtained	obtain	VERB
fbem-8691	93	19	.	.	PUNCT
fbem-8691	94	1	3	3	X
fbem-8691	94	2	.	.	NOUN
fbem-8691	94	3	empirical	empirical	ADJ
fbem-8691	94	4	analysis	analysis	NOUN
fbem-8691	94	5	in	in	ADP
fbem-8691	94	6	this	this	DET
fbem-8691	94	7	paper	paper	NOUN
fbem-8691	94	8	,	,	PUNCT
fbem-8691	94	9	a	a	DET
fbem-8691	94	10	var	var	NOUN
fbem-8691	94	11	(	(	PUNCT
fbem-8691	94	12	vector	vector	NOUN
fbem-8691	94	13	autoregressive	autoregressive	ADJ
fbem-8691	94	14	)	)	PUNCT
fbem-8691	94	15	model	model	NOUN
fbem-8691	94	16	is	be	AUX
fbem-8691	94	17	selected	select	VERB
fbem-8691	94	18	to	to	PART
fbem-8691	94	19	simulate	simulate	VERB
fbem-8691	94	20	the	the	DET
fbem-8691	94	21	interaction	interaction	NOUN
fbem-8691	94	22	of	of	ADP
fbem-8691	94	23	a	a	DET
fbem-8691	94	24	total	total	NOUN
fbem-8691	94	25	of	of	ADP
fbem-8691	94	26	seven	seven	NUM
fbem-8691	94	27	elements	element	NOUN
fbem-8691	94	28	mentioned	mention	VERB
fbem-8691	94	29	above	above	ADV
fbem-8691	94	30	and	and	CCONJ
fbem-8691	94	31	to	to	PART
fbem-8691	94	32	analyze	analyze	VERB
fbem-8691	94	33	the	the	DET
fbem-8691	94	34	impact	impact	NOUN
fbem-8691	94	35	of	of	ADP
fbem-8691	94	36	financial	financial	ADJ
fbem-8691	94	37	factors	factor	NOUN
fbem-8691	94	38	on	on	ADP
fbem-8691	94	39	steam	steam	NOUN
fbem-8691	94	40	coal	coal	NOUN
fbem-8691	94	41	prices	price	NOUN
fbem-8691	94	42	accordingly	accordingly	ADV
fbem-8691	94	43	.	.	PUNCT
fbem-8691	95	1	model	model	NOUN
fbem-8691	95	2	expression	expression	NOUN
fbem-8691	95	3	is	be	AUX
fbem-8691	95	4	yt	yt	NOUN
fbem-8691	95	5	=	=	NOUN
fbem-8691	95	6	a1yt-1+a2yt-2+	a1yt-1+a2yt-2+	NOUN
fbem-8691	95	7	…	…	SYM
fbem-8691	95	8	+anyt	+anyt	NUM
fbem-8691	95	9	-	-	PUNCT
fbem-8691	95	10	n+ut	n+ut	NOUN
fbem-8691	95	11	,	,	PUNCT
fbem-8691	95	12	where	where	SCONJ
fbem-8691	95	13	variable	variable	ADJ
fbem-8691	95	14	yt	yt	NOUN
fbem-8691	95	15	-	-	PUNCT
fbem-8691	95	16	i=[coalt	i=[coalt	NOUN
fbem-8691	95	17	-	-	PUNCT
fbem-8691	95	18	i	i	NOUN
fbem-8691	95	19	,	,	PUNCT
fbem-8691	95	20	nhcoalt	nhcoalt	NOUN
fbem-8691	95	21	-	-	PUNCT
fbem-8691	95	22	i	i	NOUN
fbem-8691	95	23	,	,	PUNCT
fbem-8691	95	24	nhindustryt	nhindustryt	PROPN
fbem-8691	95	25	-	-	PUNCT
fbem-8691	95	26	i	i	PROPN
fbem-8691	95	27	,	,	PUNCT
fbem-8691	95	28	nhallt	nhallt	PROPN
fbem-8691	95	29	-	-	PUNCT
fbem-8691	95	30	i	i	PROPN
fbem-8691	95	31	,	,	PUNCT
fbem-8691	95	32	coalfut	coalfut	PROPN
fbem-8691	95	33	-	-	PUNCT
fbem-8691	95	34	i	i	PROPN
fbem-8691	95	35	,	,	PUNCT
fbem-8691	95	36	exratet	exratet	PROPN
fbem-8691	95	37	-	-	PUNCT
fbem-8691	95	38	i	i	PROPN
fbem-8691	95	39	,	,	PUNCT
fbem-8691	95	40	dindext	dindext	NOUN
fbem-8691	95	41	-	-	PUNCT
fbem-8691	95	42	i	i	PROPN
fbem-8691	95	43	]	]	X
fbem-8691	95	44	.	.	PUNCT
fbem-8691	96	1	also	also	ADV
fbem-8691	96	2	,	,	PUNCT
fbem-8691	96	3	ai=[a1i	ai=[a1i	VERB
fbem-8691	96	4	,	,	PUNCT
fbem-8691	96	5	a2i,	a2i,	ADV
fbem-8691	96	6	…	…	PUNCT
fbem-8691	96	7	,a7i	,a7i	PUNCT
fbem-8691	96	8	]	]	X
fbem-8691	96	9	,	,	PUNCT
fbem-8691	96	10	ut=[u1t	ut=[u1t	PROPN
fbem-8691	96	11	,	,	PUNCT
fbem-8691	96	12	u2t,	u2t,	NOUN
fbem-8691	96	13	…	…	SYM
fbem-8691	96	14	,u7	,u7	X
fbem-8691	96	15	t	t	X
fbem-8691	96	16	]	]	PUNCT
fbem-8691	96	17	,	,	PUNCT
fbem-8691	96	18	elements	element	NOUN
fbem-8691	96	19	in	in	ADP
fbem-8691	96	20	yt	yt	PROPN
fbem-8691	96	21	-	-	PUNCT
fbem-8691	96	22	ihave	ihave	NOUN
fbem-8691	96	23	been	be	AUX
fbem-8691	96	24	processed	process	VERB
fbem-8691	96	25	to	to	ADP
fbem-8691	96	26	the	the	DET
fbem-8691	96	27	point	point	NOUN
fbem-8691	96	28	where	where	SCONJ
fbem-8691	96	29	they	they	PRON
fbem-8691	96	30	can	can	AUX
fbem-8691	96	31	be	be	AUX
fbem-8691	96	32	used	use	VERB
fbem-8691	96	33	in	in	ADP
fbem-8691	96	34	the	the	DET
fbem-8691	96	35	model	model	NOUN
fbem-8691	96	36	,	,	PUNCT
fbem-8691	96	37	i=1,2,	i=1,2,	NOUN
fbem-8691	96	38	...	...	PUNCT
fbem-8691	96	39	,n	,n	NOUN
fbem-8691	96	40	,	,	PUNCT
fbem-8691	96	41	n	n	X
fbem-8691	96	42	is	be	AUX
fbem-8691	96	43	the	the	DET
fbem-8691	96	44	maximum	maximum	ADJ
fbem-8691	96	45	lag	lag	NOUN
fbem-8691	96	46	order	order	NOUN
fbem-8691	96	47	.	.	PUNCT
fbem-8691	97	1	3.1	3.1	NUM
fbem-8691	97	2	.	.	PUNCT
fbem-8691	97	3	data	datum	NOUN
fbem-8691	97	4	stationarity	stationarity	PROPN
fbem-8691	97	5	test	test	NOUN
fbem-8691	97	6	the	the	DET
fbem-8691	97	7	unit	unit	NOUN
fbem-8691	97	8	root	root	NOUN
fbem-8691	97	9	test	test	NOUN
fbem-8691	97	10	is	be	AUX
fbem-8691	97	11	often	often	ADV
fbem-8691	97	12	used	use	VERB
fbem-8691	97	13	to	to	PART
fbem-8691	97	14	conduct	conduct	VERB
fbem-8691	97	15	the	the	DET
fbem-8691	97	16	study	study	NOUN
fbem-8691	97	17	of	of	ADP
fbem-8691	97	18	the	the	DET
fbem-8691	97	19	stationarity	stationarity	NOUN
fbem-8691	97	20	of	of	ADP
fbem-8691	97	21	the	the	DET
fbem-8691	97	22	data	datum	NOUN
fbem-8691	97	23	.	.	PUNCT
fbem-8691	98	1	tables	table	NOUN
fbem-8691	98	2	1	1	NUM
fbem-8691	98	3	and	and	CCONJ
fbem-8691	98	4	2	2	NUM
fbem-8691	98	5	show	show	VERB
fbem-8691	98	6	that	that	SCONJ
fbem-8691	98	7	the	the	DET
fbem-8691	98	8	data	datum	NOUN
fbem-8691	98	9	for	for	ADP
fbem-8691	98	10	2016	2016	NUM
fbem-8691	98	11	to	to	ADP
fbem-8691	98	12	2020	2020	NUM
fbem-8691	98	13	and	and	CCONJ
fbem-8691	98	14	2021	2021	NUM
fbem-8691	98	15	to	to	ADP
fbem-8691	98	16	2022	2022	NUM
fbem-8691	98	17	,	,	PUNCT
fbem-8691	98	18	after	after	ADP
fbem-8691	98	19	the	the	DET
fbem-8691	98	20	test	test	NOUN
fbem-8691	98	21	,	,	PUNCT
fbem-8691	98	22	both	both	PRON
fbem-8691	98	23	have	have	VERB
fbem-8691	98	24	pvalues	pvalue	NOUN
fbem-8691	98	25	greater	great	ADJ
fbem-8691	98	26	than	than	ADP
fbem-8691	98	27	0.05	0.05	NUM
fbem-8691	98	28	and	and	CCONJ
fbem-8691	98	29	can	can	AUX
fbem-8691	98	30	not	not	PART
fbem-8691	98	31	reject	reject	VERB
fbem-8691	98	32	the	the	DET
fbem-8691	98	33	original	original	ADJ
fbem-8691	98	34	hypothesis	hypothesis	NOUN
fbem-8691	98	35	,	,	PUNCT
fbem-8691	98	36	thus	thus	ADV
fbem-8691	98	37	both	both	PRON
fbem-8691	98	38	are	be	AUX
fbem-8691	98	39	non	non	ADJ
fbem-8691	98	40	-	-	ADJ
fbem-8691	98	41	stationary	stationary	ADJ
fbem-8691	98	42	series	series	NOUN
fbem-8691	98	43	.	.	PUNCT
fbem-8691	99	1	after	after	ADP
fbem-8691	99	2	firstorder	firstorder	NOUN
fbem-8691	99	3	differencing	difference	VERB
fbem-8691	99	4	the	the	DET
fbem-8691	99	5	original	original	ADJ
fbem-8691	99	6	data	datum	NOUN
fbem-8691	99	7	,	,	PUNCT
fbem-8691	99	8	the	the	DET
fbem-8691	99	9	tests	test	NOUN
fbem-8691	99	10	show	show	VERB
fbem-8691	99	11	that	that	SCONJ
fbem-8691	99	12	the	the	DET
fbem-8691	99	13	pvalues	pvalue	NOUN
fbem-8691	99	14	are	be	AUX
fbem-8691	99	15	less	less	ADJ
fbem-8691	99	16	than	than	ADP
fbem-8691	99	17	the	the	DET
fbem-8691	99	18	significance	significance	NOUN
fbem-8691	99	19	level	level	NOUN
fbem-8691	99	20	,	,	PUNCT
fbem-8691	99	21	which	which	PRON
fbem-8691	99	22	means	mean	VERB
fbem-8691	99	23	that	that	SCONJ
fbem-8691	99	24	all	all	DET
fbem-8691	99	25	variables	variable	NOUN
fbem-8691	99	26	in	in	ADP
fbem-8691	99	27	both	both	DET
fbem-8691	99	28	sets	set	NOUN
fbem-8691	99	29	of	of	ADP
fbem-8691	99	30	tests	test	NOUN
fbem-8691	99	31	are	be	AUX
fbem-8691	99	32	consistent	consistent	ADJ
fbem-8691	99	33	with	with	ADP
fbem-8691	99	34	the	the	DET
fbem-8691	99	35	original	original	ADJ
fbem-8691	99	36	hypothesis	hypothesis	NOUN
fbem-8691	99	37	and	and	CCONJ
fbem-8691	99	38	the	the	DET
fbem-8691	99	39	data	datum	NOUN
fbem-8691	99	40	are	be	AUX
fbem-8691	99	41	stationary	stationary	ADJ
fbem-8691	99	42	and	and	CCONJ
fbem-8691	99	43	can	can	AUX
fbem-8691	99	44	be	be	AUX
fbem-8691	99	45	used	use	VERB
fbem-8691	99	46	in	in	ADP
fbem-8691	99	47	the	the	DET
fbem-8691	99	48	var	var	NOUN
fbem-8691	99	49	model	model	NOUN
fbem-8691	99	50	.	.	PUNCT
fbem-8691	100	1	the	the	DET
fbem-8691	100	2	differenced	differenced	ADJ
fbem-8691	100	3	variables	variable	NOUN
fbem-8691	100	4	are	be	AUX
fbem-8691	100	5	named	name	VERB
fbem-8691	100	6	as	as	ADP
fbem-8691	100	7	:	:	PUNCT
fbem-8691	100	8	dlncoal	dlncoal	NOUN
fbem-8691	100	9	,	,	PUNCT
fbem-8691	100	10	dlnnhcoal	dlnnhcoal	NOUN
fbem-8691	100	11	,	,	PUNCT
fbem-8691	100	12	dlnnhindustry	dlnnhindustry	NOUN
fbem-8691	100	13	,	,	PUNCT
fbem-8691	100	14	dlnnhall	dlnnhall	NOUN
fbem-8691	100	15	,	,	PUNCT
fbem-8691	100	16	dlncoalfu	dlncoalfu	ADJ
fbem-8691	100	17	,	,	PUNCT
fbem-8691	100	18	dlnexrate	dlnexrate	NOUN
fbem-8691	100	19	,	,	PUNCT
fbem-8691	100	20	dlndindex	dlndindex	NOUN
fbem-8691	100	21	.	.	PUNCT
fbem-8691	101	1	table	table	NOUN
fbem-8691	101	2	1	1	NUM
fbem-8691	101	3	.	.	PUNCT
fbem-8691	102	1	adf	adf	PROPN
fbem-8691	102	2	unit	unit	NOUN
fbem-8691	102	3	root	root	PROPN
fbem-8691	102	4	test	test	NOUN
fbem-8691	102	5	for	for	ADP
fbem-8691	102	6	data	datum	NOUN
fbem-8691	102	7	from	from	ADP
fbem-8691	102	8	2016	2016	NUM
fbem-8691	102	9	to	to	ADP
fbem-8691	102	10	2020	2020	NUM
fbem-8691	102	11	variable	variable	ADJ
fbem-8691	102	12	t	t	NOUN
fbem-8691	102	13	p	p	NOUN
fbem-8691	102	14	critical	critical	ADJ
fbem-8691	102	15	value	value	NOUN
fbem-8691	102	16	1	1	NUM
fbem-8691	102	17	%	%	NOUN
fbem-8691	102	18	5	5	NUM
fbem-8691	102	19	%	%	NOUN
fbem-8691	102	20	10	10	NUM
fbem-8691	102	21	%	%	NOUN
fbem-8691	102	22	lncoal	lncoal	NOUN
fbem-8691	102	23	-1.954	-1.954	NOUN
fbem-8691	102	24	0.307	0.307	NUM
fbem-8691	102	25	-3.437	-3.437	NUM
fbem-8691	102	26	-2.865	-2.865	NUM
fbem-8691	102	27	-2.568	-2.568	PROPN
fbem-8691	102	28	lnnhcoal	lnnhcoal	NOUN
fbem-8691	102	29	-1.134	-1.134	PUNCT
fbem-8691	102	30	0.701	0.701	NUM
fbem-8691	102	31	-3.437	-3.437	NUM
fbem-8691	102	32	-2.865	-2.865	PUNCT
fbem-8691	102	33	-2.568	-2.568	PROPN
fbem-8691	102	34	lnnhindustry	lnnhindustry	PROPN
fbem-8691	102	35	-2.32	-2.32	NOUN
fbem-8691	102	36	0.166	0.166	NUM
fbem-8691	102	37	-3.437	-3.437	NUM
fbem-8691	102	38	-2.865	-2.865	PUNCT
fbem-8691	102	39	-2.568	-2.568	PROPN
fbem-8691	102	40	lnnhall	lnnhall	PROPN
fbem-8691	102	41	-2.59	-2.59	NUM
fbem-8691	102	42	0.095	0.095	NUM
fbem-8691	102	43	-3.437	-3.437	NUM
fbem-8691	102	44	-2.865	-2.865	PUNCT
fbem-8691	102	45	-2.568	-2.568	PROPN
fbem-8691	102	46	lncoalfu	lncoalfu	PROPN
fbem-8691	102	47	-2.78	-2.78	NOUN
fbem-8691	102	48	0.061	0.061	NUM
fbem-8691	102	49	-3.437	-3.437	NUM
fbem-8691	102	50	-2.865	-2.865	PUNCT
fbem-8691	102	51	-2.568	-2.568	PROPN
fbem-8691	102	52	lnexrate	lnexrate	VERB
fbem-8691	102	53	-1.032	-1.032	ADP
fbem-8691	102	54	0.741	0.741	NUM
fbem-8691	102	55	-3.437	-3.437	NUM
fbem-8691	102	56	-2.865	-2.865	PUNCT
fbem-8691	102	57	-2.568	-2.568	PROPN
fbem-8691	102	58	lndindex	lndindex	NOUN
fbem-8691	102	59	-1.352	-1.352	PUNCT
fbem-8691	102	60	0.605	0.605	NUM
fbem-8691	102	61	-3.437	-3.437	NUM
fbem-8691	102	62	-2.865	-2.865	PUNCT
fbem-8691	102	63	-2.568	-2.568	PROPN
fbem-8691	102	64	table	table	NOUN
fbem-8691	102	65	2	2	NUM
fbem-8691	102	66	.	.	PUNCT
fbem-8691	103	1	adf	adf	PROPN
fbem-8691	103	2	unit	unit	NOUN
fbem-8691	103	3	root	root	PROPN
fbem-8691	103	4	test	test	NOUN
fbem-8691	103	5	for	for	ADP
fbem-8691	103	6	data	datum	NOUN
fbem-8691	103	7	from	from	ADP
fbem-8691	103	8	2021	2021	NUM
fbem-8691	103	9	to	to	ADP
fbem-8691	103	10	2022	2022	NUM
fbem-8691	103	11	variable	variable	NOUN
fbem-8691	103	12	t	t	NOUN
fbem-8691	103	13	p	p	NOUN
fbem-8691	103	14	critical	critical	ADJ
fbem-8691	103	15	value	value	NOUN
fbem-8691	103	16	1	1	NUM
fbem-8691	103	17	%	%	NOUN
fbem-8691	103	18	5	5	NUM
fbem-8691	103	19	%	%	NOUN
fbem-8691	103	20	10	10	NUM
fbem-8691	103	21	%	%	NOUN
fbem-8691	103	22	lncoal	lncoal	NOUN
fbem-8691	103	23	-2.023	-2.023	NUM
fbem-8691	103	24	0.276	0.276	NUM
fbem-8691	103	25	-3.455	-3.455	PUNCT
fbem-8691	103	26	-2.872	-2.872	NOUN
fbem-8691	103	27	-2.572	-2.572	X
fbem-8691	103	28	lnnhcoal	lnnhcoal	NOUN
fbem-8691	103	29	-1.283	-1.283	NUM
fbem-8691	103	30	0.637	0.637	NUM
fbem-8691	103	31	-3.455	-3.455	PUNCT
fbem-8691	103	32	-2.872	-2.872	NOUN
fbem-8691	103	33	-2.572	-2.572	X
fbem-8691	103	34	lnnhindustry	lnnhindustry	NOUN
fbem-8691	103	35	-1.481	-1.481	NOUN
fbem-8691	103	36	0.543	0.543	NUM
fbem-8691	103	37	-3.455	-3.455	PUNCT
fbem-8691	103	38	-2.872	-2.872	NOUN
fbem-8691	103	39	-2.572	-2.572	NOUN
fbem-8691	104	1	lnnhall	lnnhall	ADV
fbem-8691	104	2	-1.388	-1.388	NUM
fbem-8691	104	3	0.588	0.588	NUM
fbem-8691	104	4	-3.455	-3.455	PUNCT
fbem-8691	104	5	-2.872	-2.872	NOUN
fbem-8691	104	6	-2.572	-2.572	NOUN
fbem-8691	105	1	lncoalfu	lncoalfu	NOUN
fbem-8691	105	2	-1.913	-1.913	PROPN
fbem-8691	105	3	0.326	0.326	NUM
fbem-8691	105	4	-3.455	-3.455	PUNCT
fbem-8691	105	5	-2.872	-2.872	NOUN
fbem-8691	105	6	-2.572	-2.572	VERB
fbem-8691	105	7	lnexrate	lnexrate	ADJ
fbem-8691	105	8	-0.924	-0.924	NOUN
fbem-8691	105	9	0.780	0.780	NUM
fbem-8691	105	10	-3.455	-3.455	NUM
fbem-8691	105	11	-2.872	-2.872	NOUN
fbem-8691	105	12	-2.573	-2.573	PUNCT
fbem-8691	105	13	lndindex	lndindex	NOUN
fbem-8691	105	14	-0.194	-0.194	NOUN
fbem-8691	105	15	0.939	0.939	NUM
fbem-8691	105	16	-3.455	-3.455	PUNCT
fbem-8691	105	17	-2.872	-2.872	NOUN
fbem-8691	105	18	-2.572	-2.572	ADP
fbem-8691	105	19	3.2	3.2	NUM
fbem-8691	105	20	.	.	PUNCT
fbem-8691	106	1	cointegration	cointegration	NOUN
fbem-8691	106	2	test	test	NOUN
fbem-8691	106	3	a	a	DET
fbem-8691	106	4	cointegration	cointegration	NOUN
fbem-8691	106	5	relationship	relationship	NOUN
fbem-8691	106	6	describes	describe	VERB
fbem-8691	106	7	the	the	DET
fbem-8691	106	8	long	long	ADV
fbem-8691	106	9	-	-	PUNCT
fbem-8691	106	10	run	run	VERB
fbem-8691	106	11	equilibrium	equilibrium	NOUN
fbem-8691	106	12	relationship	relationship	NOUN
fbem-8691	106	13	that	that	PRON
fbem-8691	106	14	exists	exist	VERB
fbem-8691	106	15	between	between	ADP
fbem-8691	106	16	the	the	DET
fbem-8691	106	17	variables	variable	NOUN
fbem-8691	106	18	.	.	PUNCT
fbem-8691	107	1	given	give	VERB
fbem-8691	107	2	that	that	SCONJ
fbem-8691	107	3	all	all	PRON
fbem-8691	107	4	of	of	ADP
fbem-8691	107	5	the	the	DET
fbem-8691	107	6	above	above	ADJ
fbem-8691	107	7	variables	variable	NOUN
fbem-8691	107	8	satisfy	satisfy	VERB
fbem-8691	107	9	integration	integration	NOUN
fbem-8691	107	10	of	of	ADP
fbem-8691	107	11	order	order	NOUN
fbem-8691	107	12	one	one	NUM
fbem-8691	107	13	,	,	PUNCT
fbem-8691	107	14	it	it	PRON
fbem-8691	107	15	is	be	AUX
fbem-8691	107	16	conjectured	conjecture	VERB
fbem-8691	107	17	that	that	SCONJ
fbem-8691	107	18	there	there	PRON
fbem-8691	107	19	is	be	VERB
fbem-8691	107	20	a	a	DET
fbem-8691	107	21	cointegration	cointegration	NOUN
fbem-8691	107	22	relationship	relationship	NOUN
fbem-8691	107	23	between	between	ADP
fbem-8691	107	24	them	they	PRON
fbem-8691	107	25	.	.	PUNCT
fbem-8691	108	1	in	in	ADP
fbem-8691	108	2	this	this	DET
fbem-8691	108	3	paper	paper	NOUN
fbem-8691	108	4	,	,	PUNCT
fbem-8691	108	5	johansen	johansen	PROPN
fbem-8691	108	6	cointegration	cointegration	PROPN
fbem-8691	108	7	test	test	NOUN
fbem-8691	108	8	is	be	AUX
fbem-8691	108	9	used	use	VERB
fbem-8691	108	10	to	to	PART
fbem-8691	108	11	analyze	analyze	VERB
fbem-8691	108	12	the	the	DET
fbem-8691	108	13	two	two	NUM
fbem-8691	108	14	sets	set	NOUN
fbem-8691	108	15	of	of	ADP
fbem-8691	108	16	original	original	ADJ
fbem-8691	108	17	variables	variable	NOUN
fbem-8691	108	18	without	without	ADP
fbem-8691	108	19	differential	differential	ADJ
fbem-8691	108	20	treatment	treatment	NOUN
fbem-8691	108	21	.	.	PUNCT
fbem-8691	109	1	as	as	SCONJ
fbem-8691	109	2	shown	show	VERB
fbem-8691	109	3	in	in	ADP
fbem-8691	109	4	tables	table	NOUN
fbem-8691	109	5	3	3	NUM
fbem-8691	109	6	and	and	CCONJ
fbem-8691	109	7	4	4	NUM
fbem-8691	109	8	,	,	PUNCT
fbem-8691	109	9	according	accord	VERB
fbem-8691	109	10	to	to	ADP
fbem-8691	109	11	the	the	DET
fbem-8691	109	12	trace	trace	NOUN
fbem-8691	109	13	statistics	statistic	NOUN
fbem-8691	109	14	,	,	PUNCT
fbem-8691	109	15	a	a	DET
fbem-8691	109	16	cointegrating	cointegrate	VERB
fbem-8691	109	17	relationship	relationship	NOUN
fbem-8691	109	18	exists	exist	VERB
fbem-8691	109	19	between	between	ADP
fbem-8691	109	20	all	all	DET
fbem-8691	109	21	nine	nine	NUM
fbem-8691	109	22	variables	variable	NOUN
fbem-8691	109	23	for	for	ADP
fbem-8691	109	24	both	both	DET
fbem-8691	109	25	intervals	interval	NOUN
fbem-8691	109	26	,	,	PUNCT
fbem-8691	109	27	2016	2016	NUM
fbem-8691	109	28	to	to	ADP
fbem-8691	109	29	2020	2020	NUM
fbem-8691	109	30	and	and	CCONJ
fbem-8691	109	31	2021	2021	NUM
fbem-8691	109	32	to	to	ADP
fbem-8691	109	33	2022	2022	NUM
fbem-8691	109	34	.	.	PUNCT
fbem-8691	110	1	0	0	NUM
fbem-8691	111	1	500	500	NUM
fbem-8691	111	2	1000	1000	NUM
fbem-8691	111	3	1500	1500	NUM
fbem-8691	111	4	2000	2000	NUM
fbem-8691	111	5	2500	2500	NUM
fbem-8691	111	6	3000	3000	NUM
fbem-8691	111	7	coal	coal	NOUN
fbem-8691	111	8	261	261	NUM
fbem-8691	111	9	table	table	NOUN
fbem-8691	111	10	3	3	NUM
fbem-8691	111	11	.	.	PUNCT
fbem-8691	112	1	johansen	johansen	PROPN
fbem-8691	112	2	cointegration	cointegration	PROPN
fbem-8691	112	3	test	test	NOUN
fbem-8691	112	4	for	for	ADP
fbem-8691	112	5	data	datum	NOUN
fbem-8691	112	6	from	from	ADP
fbem-8691	112	7	2016	2016	NUM
fbem-8691	112	8	to	to	ADP
fbem-8691	112	9	2020	2020	NUM
fbem-8691	112	10	maximum	maximum	PROPN
fbem-8691	112	11	rank	rank	PROPN
fbem-8691	112	12	params	param	NOUN
fbem-8691	112	13	ll	ll	AUX
fbem-8691	112	14	eigen	eigen	X
fbem-8691	112	15	-	-	PUNCT
fbem-8691	112	16	value	value	NOUN
fbem-8691	112	17	trace	trace	NOUN
fbem-8691	112	18	statistic	statistic	NOUN
fbem-8691	112	19	critical	critical	ADJ
fbem-8691	112	20	value	value	NOUN
fbem-8691	112	21	5	5	NUM
fbem-8691	112	22	%	%	NOUN
fbem-8691	112	23	0	0	NUM
fbem-8691	112	24	56	56	NUM
fbem-8691	112	25	26282.971	26282.971	NUM
fbem-8691	112	26	.	.	PUNCT
fbem-8691	113	1	183.328	183.328	NUM
fbem-8691	113	2	124.24	124.24	NUM
fbem-8691	113	3	1	1	NUM
fbem-8691	113	4	69	69	NUM
fbem-8691	113	5	26328.854	26328.854	NUM
fbem-8691	113	6	0.09071	0.09071	PRON
fbem-8691	113	7	91.562	91.562	NUM
fbem-8691	113	8	*	*	SYM
fbem-8691	113	9	94.15	94.15	NUM
fbem-8691	113	10	2	2	NUM
fbem-8691	113	11	80	80	NUM
fbem-8691	113	12	26347.027	26347.027	NUM
fbem-8691	113	13	0.03696	0.03696	NUM
fbem-8691	113	14	55.2159	55.2159	NUM
fbem-8691	113	15	68.52	68.52	NUM
fbem-8691	113	16	3	3	NUM
fbem-8691	113	17	89	89	NUM
fbem-8691	113	18	26359.432	26359.432	NUM
fbem-8691	113	19	0.02538	0.02538	NUM
fbem-8691	113	20	30.4074	30.4074	NUM
fbem-8691	113	21	47.21	47.21	NUM
fbem-8691	113	22	4	4	NUM
fbem-8691	113	23	96	96	NUM
fbem-8691	113	24	26365.996	26365.996	NUM
fbem-8691	113	25	0.01351	0.01351	NOUN
fbem-8691	113	26	17.2779	17.2779	NUM
fbem-8691	113	27	29.68	29.68	NUM
fbem-8691	113	28	5	5	NUM
fbem-8691	113	29	101	101	NUM
fbem-8691	113	30	26371.905	26371.905	NUM
fbem-8691	113	31	0.01217	0.01217	NUM
fbem-8691	113	32	5.4603	5.4603	NUM
fbem-8691	113	33	15.41	15.41	NUM
fbem-8691	113	34	6	6	NUM
fbem-8691	113	35	104	104	NUM
fbem-8691	113	36	26374.622	26374.622	NUM
fbem-8691	113	37	0.00561	0.00561	NUM
fbem-8691	113	38	0.0274	0.0274	NUM
fbem-8691	113	39	3.76	3.76	NUM
fbem-8691	113	40	7	7	NUM
fbem-8691	113	41	105	105	NUM
fbem-8691	113	42	26374.635	26374.635	PROPN
fbem-8691	113	43	0.00003	0.00003	NUM
fbem-8691	113	44	table	table	NOUN
fbem-8691	113	45	4	4	NUM
fbem-8691	113	46	.	.	PUNCT
fbem-8691	113	47	johansen	johansen	PROPN
fbem-8691	113	48	cointegration	cointegration	PROPN
fbem-8691	113	49	test	test	NOUN
fbem-8691	113	50	for	for	ADP
fbem-8691	113	51	data	datum	NOUN
fbem-8691	113	52	from	from	ADP
fbem-8691	113	53	2021	2021	NUM
fbem-8691	113	54	to	to	ADP
fbem-8691	113	55	2022	2022	NUM
fbem-8691	113	56	maximum	maximum	PROPN
fbem-8691	113	57	rank	rank	PROPN
fbem-8691	113	58	params	param	NOUN
fbem-8691	113	59	ll	ll	AUX
fbem-8691	113	60	eigen	eigen	X
fbem-8691	113	61	-	-	PUNCT
fbem-8691	113	62	value	value	NOUN
fbem-8691	113	63	trace	trace	NOUN
fbem-8691	113	64	statistic	statistic	NOUN
fbem-8691	113	65	critical	critical	ADJ
fbem-8691	113	66	value	value	NOUN
fbem-8691	113	67	5	5	NUM
fbem-8691	113	68	%	%	NOUN
fbem-8691	113	69	0	0	NUM
fbem-8691	113	70	56	56	NUM
fbem-8691	113	71	6511.5091	6511.5091	NOUN
fbem-8691	113	72	.	.	PUNCT
fbem-8691	114	1	127.5411	127.5411	NUM
fbem-8691	114	2	124.24	124.24	NUM
fbem-8691	114	3	1	1	NUM
fbem-8691	114	4	69	69	NUM
fbem-8691	114	5	6532.2189	6532.2189	NUM
fbem-8691	114	6	0.14125	0.14125	NUM
fbem-8691	114	7	86.1215	86.1215	NUM
fbem-8691	114	8	*	*	SYM
fbem-8691	114	9	94.15	94.15	NUM
fbem-8691	114	10	2	2	NUM
fbem-8691	114	11	80	80	NUM
fbem-8691	114	12	6552.6251	6552.6251	NUM
fbem-8691	114	13	0.13933	0.13933	NUM
fbem-8691	114	14	45.3091	45.3091	NUM
fbem-8691	114	15	68.52	68.52	NUM
fbem-8691	114	16	3	3	NUM
fbem-8691	114	17	89	89	NUM
fbem-8691	114	18	6561.045	6561.045	NUM
fbem-8691	114	19	0.06003	0.06003	NUM
fbem-8691	114	20	28.4693	28.4693	NUM
fbem-8691	114	21	47.21	47.21	NUM
fbem-8691	114	22	4	4	NUM
fbem-8691	114	23	96	96	NUM
fbem-8691	114	24	6567.2602	6567.2602	NUM
fbem-8691	114	25	0.04467	0.04467	NUM
fbem-8691	114	26	16.0389	16.0389	NUM
fbem-8691	114	27	29.68	29.68	NUM
fbem-8691	114	28	5	5	NUM
fbem-8691	114	29	101	101	NUM
fbem-8691	114	30	6572.2656	6572.2656	NUM
fbem-8691	114	31	0.03614	0.03614	NUM
fbem-8691	114	32	6.0281	6.0281	NUM
fbem-8691	114	33	15.41	15.41	NUM
fbem-8691	114	34	6	6	NUM
fbem-8691	114	35	104	104	NUM
fbem-8691	114	36	6574.9495	6574.9495	NUM
fbem-8691	114	37	0.01954	0.01954	NUM
fbem-8691	114	38	0.6603	0.6603	NUM
fbem-8691	114	39	3.76	3.76	NUM
fbem-8691	114	40	7	7	NUM
fbem-8691	114	41	105	105	NUM
fbem-8691	114	42	6575.2796	6575.2796	NUM
fbem-8691	114	43	0.00242	0.00242	NUM
fbem-8691	114	44	3.3	3.3	NUM
fbem-8691	114	45	.	.	PUNCT
fbem-8691	115	1	model	model	NOUN
fbem-8691	115	2	lag	lag	NOUN
fbem-8691	115	3	order	order	NOUN
fbem-8691	115	4	selection	selection	NOUN
fbem-8691	115	5	in	in	ADP
fbem-8691	115	6	this	this	DET
fbem-8691	115	7	paper	paper	NOUN
fbem-8691	115	8	,	,	PUNCT
fbem-8691	115	9	based	base	VERB
fbem-8691	115	10	on	on	ADP
fbem-8691	115	11	the	the	DET
fbem-8691	115	12	hqic	hqic	ADJ
fbem-8691	115	13	criterion	criterion	NOUN
fbem-8691	115	14	,	,	PUNCT
fbem-8691	115	15	the	the	DET
fbem-8691	115	16	lag	lag	NOUN
fbem-8691	115	17	order	order	NOUN
fbem-8691	115	18	of	of	ADP
fbem-8691	115	19	both	both	DET
fbem-8691	115	20	models	model	NOUN
fbem-8691	115	21	is	be	AUX
fbem-8691	115	22	selected	select	VERB
fbem-8691	115	23	as	as	ADP
fbem-8691	115	24	1	1	NUM
fbem-8691	115	25	,	,	PUNCT
fbem-8691	115	26	and	and	CCONJ
fbem-8691	115	27	the	the	DET
fbem-8691	115	28	var	var	NOUN
fbem-8691	115	29	model	model	NOUN
fbem-8691	115	30	is	be	AUX
fbem-8691	115	31	built	build	VERB
fbem-8691	115	32	on	on	ADP
fbem-8691	115	33	this	this	DET
fbem-8691	115	34	basis	basis	NOUN
fbem-8691	115	35	.	.	PUNCT
fbem-8691	116	1	table	table	NOUN
fbem-8691	116	2	5	5	NUM
fbem-8691	116	3	.	.	PUNCT
fbem-8691	116	4	model	model	NOUN
fbem-8691	116	5	lag	lag	NOUN
fbem-8691	116	6	order	order	NOUN
fbem-8691	116	7	selection	selection	NOUN
fbem-8691	116	8	for	for	ADP
fbem-8691	116	9	2016	2016	NUM
fbem-8691	116	10	to	to	ADP
fbem-8691	116	11	2020	2020	NUM
fbem-8691	116	12	lr	lr	VERB
fbem-8691	116	13	df	df	PROPN
fbem-8691	116	14	p	p	PROPN
fbem-8691	116	15	fpe	fpe	PROPN
fbem-8691	116	16	aic	aic	PROPN
fbem-8691	116	17	hqic	hqic	PROPN
fbem-8691	116	18	sbic	sbic	ADJ
fbem-8691	116	19	0	0	NUM
fbem-8691	117	1	6.8e-33	6.8e-33	NUM
fbem-8691	117	2	-54.2003	-54.2003	NUM
fbem-8691	117	3	-54.1868	-54.1868	PUNCT
fbem-8691	117	4	-54.1649	-54.1649	NOUN
fbem-8691	117	5	*	*	NOUN
fbem-8691	117	6	1	1	NUM
fbem-8691	117	7	247.49	247.49	NUM
fbem-8691	117	8	49	49	NUM
fbem-8691	117	9	0	0	NUM
fbem-8691	117	10	5.7e-33	5.7e-33	NUM
fbem-8691	117	11	-54.3837	-54.3837	SYM
fbem-8691	117	12	-54.2758	-54.2758	SYM
fbem-8691	117	13	*	*	NOUN
fbem-8691	117	14	-54.1003	-54.1003	NUM
fbem-8691	117	15	2	2	NUM
fbem-8691	117	16	110.34	110.34	NUM
fbem-8691	117	17	49	49	NUM
fbem-8691	117	18	0	0	PUNCT
fbem-8691	118	1	5.6e-33	5.6e-33	NUM
fbem-8691	118	2	*	*	SYM
fbem-8691	118	3	-54.3966	-54.3966	NUM
fbem-8691	118	4	*	*	NOUN
fbem-8691	118	5	-54.1942	-54.1942	PUNCT
fbem-8691	118	6	-53.8651	-53.8651	NUM
fbem-8691	118	7	3	3	NUM
fbem-8691	118	8	88.302	88.302	NUM
fbem-8691	118	9	49	49	NUM
fbem-8691	118	10	0	0	NUM
fbem-8691	118	11	5.7e-33	5.7e-33	NUM
fbem-8691	118	12	-54.3865	-54.3865	SYM
fbem-8691	118	13	-54.0897	-54.0897	NUM
fbem-8691	118	14	-53.607	-53.607	NUM
fbem-8691	118	15	4	4	NUM
fbem-8691	118	16	96.559	96.559	NUM
fbem-8691	118	17	*	*	SYM
fbem-8691	118	18	49	49	NUM
fbem-8691	118	19	0	0	NUM
fbem-8691	119	1	5.7e-33	5.7e-33	NUM
fbem-8691	119	2	-54.385	-54.385	NUM
fbem-8691	119	3	-53.9938	-53.9938	PUNCT
fbem-8691	119	4	-53.3575	-53.3575	PUNCT
fbem-8691	119	5	table	table	NOUN
fbem-8691	119	6	6	6	NUM
fbem-8691	119	7	.	.	PUNCT
fbem-8691	119	8	model	model	NOUN
fbem-8691	119	9	lag	lag	NOUN
fbem-8691	119	10	order	order	NOUN
fbem-8691	119	11	selection	selection	NOUN
fbem-8691	119	12	for	for	ADP
fbem-8691	119	13	2021	2021	NUM
fbem-8691	119	14	to	to	ADP
fbem-8691	119	15	2022	2022	NUM
fbem-8691	119	16	lr	lr	INTJ
fbem-8691	119	17	df	df	PROPN
fbem-8691	119	18	p	p	PROPN
fbem-8691	119	19	fpe	fpe	PROPN
fbem-8691	119	20	aic	aic	PROPN
fbem-8691	119	21	hqic	hqic	PROPN
fbem-8691	119	22	sbic	sbic	NOUN
fbem-8691	119	23	0	0	NUM
fbem-8691	120	1	1.0e-29	1.0e-29	NUM
fbem-8691	120	2	-46.8804	-46.8804	PUNCT
fbem-8691	120	3	-46.8428	-46.8428	PUNCT
fbem-8691	120	4	-46.7869	-46.7869	SYM
fbem-8691	120	5	*	*	PROPN
fbem-8691	120	6	1	1	NUM
fbem-8691	120	7	241.51	241.51	NUM
fbem-8691	120	8	49	49	NUM
fbem-8691	120	9	0	0	NUM
fbem-8691	121	1	6.0e-30	6.0e-30	NUM
fbem-8691	121	2	*	*	X
fbem-8691	121	3	-47.4139	-47.4139	PUNCT
fbem-8691	121	4	*	*	PUNCT
fbem-8691	121	5	-47.1134	-47.1134	PROPN
fbem-8691	121	6	*	*	VERB
fbem-8691	121	7	-46.6656	-46.6656	PUNCT
fbem-8691	121	8	2	2	NUM
fbem-8691	121	9	85.294	85.294	NUM
fbem-8691	121	10	*	*	SYM
fbem-8691	121	11	49	49	NUM
fbem-8691	121	12	0.001	0.001	NUM
fbem-8691	121	13	6.3e-30	6.3e-30	NUM
fbem-8691	121	14	-47.3667	-47.3667	NOUN
fbem-8691	121	15	-46.8032	-46.8032	SYM
fbem-8691	121	16	-45.9635	-45.9635	SYM
fbem-8691	121	17	3	3	NUM
fbem-8691	121	18	56.787	56.787	NUM
fbem-8691	121	19	49	49	NUM
fbem-8691	121	20	0.208	0.208	NUM
fbem-8691	121	21	7.4e-30	7.4e-30	NUM
fbem-8691	121	22	-47.2135	-47.2135	PUNCT
fbem-8691	121	23	-46.387	-46.387	NOUN
fbem-8691	121	24	-45.1555	-45.1555	NUM
fbem-8691	121	25	4	4	NUM
fbem-8691	121	26	37.968	37.968	NUM
fbem-8691	121	27	49	49	NUM
fbem-8691	121	28	0.873	0.873	NUM
fbem-8691	121	29	9.3e-30	9.3e-30	NUM
fbem-8691	121	30	-46.9903	-46.9903	CCONJ
fbem-8691	121	31	-45.9009	-45.9009	NUM
fbem-8691	121	32	-44.2776	-44.2776	SYM
fbem-8691	121	33	3.4	3.4	NUM
fbem-8691	121	34	.	.	PUNCT
fbem-8691	121	35	var	var	PROPN
fbem-8691	121	36	model	model	PROPN
fbem-8691	121	37	stationary	stationary	ADJ
fbem-8691	121	38	test	test	NOUN
fbem-8691	121	39	after	after	ADP
fbem-8691	121	40	building	build	VERB
fbem-8691	121	41	the	the	DET
fbem-8691	121	42	model	model	NOUN
fbem-8691	121	43	,	,	PUNCT
fbem-8691	121	44	it	it	PRON
fbem-8691	121	45	is	be	AUX
fbem-8691	121	46	often	often	ADV
fbem-8691	121	47	necessary	necessary	ADJ
fbem-8691	121	48	to	to	PART
fbem-8691	121	49	use	use	VERB
fbem-8691	121	50	the	the	DET
fbem-8691	121	51	unit	unit	NOUN
fbem-8691	121	52	root	root	NOUN
fbem-8691	121	53	test	test	NOUN
fbem-8691	121	54	to	to	PART
fbem-8691	121	55	assess	assess	VERB
fbem-8691	121	56	the	the	DET
fbem-8691	121	57	stationarity	stationarity	NOUN
fbem-8691	121	58	of	of	ADP
fbem-8691	121	59	the	the	DET
fbem-8691	121	60	model	model	NOUN
fbem-8691	121	61	parameters	parameter	NOUN
fbem-8691	121	62	,	,	PUNCT
fbem-8691	121	63	i.e.	i.e.	X
fbem-8691	121	64	,	,	PUNCT
fbem-8691	121	65	to	to	PART
fbem-8691	121	66	show	show	VERB
fbem-8691	121	67	there	there	PRON
fbem-8691	121	68	does	do	AUX
fbem-8691	121	69	not	not	PART
fbem-8691	121	70	exist	exist	VERB
fbem-8691	121	71	unit	unit	NOUN
fbem-8691	121	72	roots	root	NOUN
fbem-8691	121	73	in	in	ADP
fbem-8691	121	74	order	order	NOUN
fbem-8691	121	75	to	to	PART
fbem-8691	121	76	avoid	avoid	VERB
fbem-8691	121	77	spurious	spurious	ADJ
fbem-8691	121	78	regression	regression	NOUN
fbem-8691	121	79	.	.	PUNCT
fbem-8691	122	1	figures	figure	NOUN
fbem-8691	122	2	3	3	NUM
fbem-8691	122	3	and	and	CCONJ
fbem-8691	122	4	4	4	NUM
fbem-8691	122	5	show	show	VERB
fbem-8691	122	6	that	that	SCONJ
fbem-8691	122	7	all	all	PRON
fbem-8691	122	8	eigenvalues	eigenvalue	VERB
fbem-8691	122	9	fall	fall	VERB
fbem-8691	122	10	within	within	ADP
fbem-8691	122	11	the	the	DET
fbem-8691	122	12	unit	unit	NOUN
fbem-8691	122	13	circle	circle	NOUN
fbem-8691	122	14	and	and	CCONJ
fbem-8691	122	15	the	the	DET
fbem-8691	122	16	model	model	NOUN
fbem-8691	122	17	meets	meet	VERB
fbem-8691	122	18	the	the	DET
fbem-8691	122	19	stationary	stationary	ADJ
fbem-8691	122	20	requirement	requirement	NOUN
fbem-8691	122	21	.	.	PUNCT
fbem-8691	123	1	figure	figure	NOUN
fbem-8691	123	2	3	3	NUM
fbem-8691	123	3	.	.	PUNCT
fbem-8691	123	4	unit	unit	NOUN
fbem-8691	123	5	root	root	PROPN
fbem-8691	123	6	test	test	NOUN
fbem-8691	123	7	of	of	ADP
fbem-8691	123	8	the	the	DET
fbem-8691	123	9	model	model	NOUN
fbem-8691	123	10	for	for	ADP
fbem-8691	123	11	2016	2016	NUM
fbem-8691	123	12	to	to	ADP
fbem-8691	123	13	2020	2020	NUM
fbem-8691	123	14	262	262	NUM
fbem-8691	123	15	figure	figure	NOUN
fbem-8691	123	16	4	4	NUM
fbem-8691	123	17	.	.	PUNCT
fbem-8691	123	18	unit	unit	NOUN
fbem-8691	123	19	root	root	PROPN
fbem-8691	123	20	test	test	NOUN
fbem-8691	123	21	of	of	ADP
fbem-8691	123	22	the	the	DET
fbem-8691	123	23	model	model	NOUN
fbem-8691	123	24	for	for	ADP
fbem-8691	123	25	2021	2021	NUM
fbem-8691	123	26	to	to	ADP
fbem-8691	123	27	2022	2022	NUM
fbem-8691	123	28	3.5	3.5	NUM
fbem-8691	123	29	.	.	PUNCT
fbem-8691	124	1	granger	granger	PROPN
fbem-8691	124	2	causality	causality	PROPN
fbem-8691	124	3	test	test	NOUN
fbem-8691	124	4	granger	granger	PROPN
fbem-8691	124	5	causality	causality	PROPN
fbem-8691	124	6	tests	test	NOUN
fbem-8691	124	7	are	be	AUX
fbem-8691	124	8	often	often	ADV
fbem-8691	124	9	used	use	VERB
fbem-8691	124	10	to	to	PART
fbem-8691	124	11	test	test	VERB
fbem-8691	124	12	whether	whether	SCONJ
fbem-8691	124	13	one	one	NUM
fbem-8691	124	14	variable	variable	NOUN
fbem-8691	124	15	is	be	AUX
fbem-8691	124	16	the	the	DET
fbem-8691	124	17	cause	cause	NOUN
fbem-8691	124	18	of	of	ADP
fbem-8691	124	19	a	a	DET
fbem-8691	124	20	change	change	NOUN
fbem-8691	124	21	in	in	ADP
fbem-8691	124	22	another	another	DET
fbem-8691	124	23	variable	variable	NOUN
fbem-8691	124	24	.	.	PUNCT
fbem-8691	125	1	it	it	PRON
fbem-8691	125	2	should	should	AUX
fbem-8691	125	3	be	be	AUX
fbem-8691	125	4	noted	note	VERB
fbem-8691	125	5	that	that	SCONJ
fbem-8691	125	6	the	the	DET
fbem-8691	125	7	"	"	PUNCT
fbem-8691	125	8	causality	causality	NOUN
fbem-8691	125	9	"	"	PUNCT
fbem-8691	125	10	referred	refer	VERB
fbem-8691	125	11	to	to	ADP
fbem-8691	125	12	in	in	ADP
fbem-8691	125	13	granger	granger	PROPN
fbem-8691	125	14	causality	causality	NOUN
fbem-8691	125	15	tests	test	NOUN
fbem-8691	125	16	only	only	ADV
fbem-8691	125	17	stays	stay	VERB
fbem-8691	125	18	in	in	ADP
fbem-8691	125	19	the	the	DET
fbem-8691	125	20	statistical	statistical	ADJ
fbem-8691	125	21	level	level	NOUN
fbem-8691	125	22	,	,	PUNCT
fbem-8691	125	23	not	not	PART
fbem-8691	125	24	necessarily	necessarily	ADV
fbem-8691	125	25	the	the	DET
fbem-8691	125	26	factual	factual	ADJ
fbem-8691	125	27	causality	causality	NOUN
fbem-8691	125	28	.	.	PUNCT
fbem-8691	126	1	moreover	moreover	ADV
fbem-8691	126	2	,	,	PUNCT
fbem-8691	126	3	the	the	DET
fbem-8691	126	4	test	test	NOUN
fbem-8691	126	5	’s	’s	PART
fbem-8691	126	6	result	result	NOUN
fbem-8691	126	7	is	be	AUX
fbem-8691	126	8	sensitive	sensitive	ADJ
fbem-8691	126	9	to	to	ADP
fbem-8691	126	10	the	the	DET
fbem-8691	126	11	lag	lag	NOUN
fbem-8691	126	12	order	order	NOUN
fbem-8691	126	13	and	and	CCONJ
fbem-8691	126	14	can	can	AUX
fbem-8691	126	15	not	not	PART
fbem-8691	126	16	be	be	AUX
fbem-8691	126	17	used	use	VERB
fbem-8691	126	18	as	as	ADP
fbem-8691	126	19	the	the	DET
fbem-8691	126	20	only	only	ADJ
fbem-8691	126	21	tool	tool	NOUN
fbem-8691	126	22	to	to	PART
fbem-8691	126	23	assess	assess	VERB
fbem-8691	126	24	the	the	DET
fbem-8691	126	25	interaction	interaction	NOUN
fbem-8691	126	26	between	between	ADP
fbem-8691	126	27	factors	factor	NOUN
fbem-8691	126	28	.	.	PUNCT
fbem-8691	127	1	tables	table	NOUN
fbem-8691	127	2	7	7	NUM
fbem-8691	127	3	and	and	CCONJ
fbem-8691	127	4	8	8	NUM
fbem-8691	127	5	show	show	VERB
fbem-8691	127	6	that	that	SCONJ
fbem-8691	127	7	most	most	ADJ
fbem-8691	127	8	of	of	ADP
fbem-8691	127	9	the	the	DET
fbem-8691	127	10	variables	variable	NOUN
fbem-8691	127	11	are	be	AUX
fbem-8691	127	12	not	not	PART
fbem-8691	127	13	the	the	DET
fbem-8691	127	14	granger	granger	PROPN
fbem-8691	127	15	causes	cause	NOUN
fbem-8691	127	16	of	of	ADP
fbem-8691	127	17	dlncoal	dlncoal	NOUN
fbem-8691	127	18	(	(	PUNCT
fbem-8691	127	19	coal	coal	NOUN
fbem-8691	127	20	price	price	NOUN
fbem-8691	127	21	change	change	NOUN
fbem-8691	127	22	)	)	PUNCT
fbem-8691	127	23	,	,	PUNCT
fbem-8691	127	24	but	but	CCONJ
fbem-8691	127	25	the	the	DET
fbem-8691	127	26	remaining	remain	VERB
fbem-8691	127	27	six	six	NUM
fbem-8691	127	28	variables	variable	NOUN
fbem-8691	127	29	as	as	ADP
fbem-8691	127	30	a	a	DET
fbem-8691	127	31	whole	whole	NOUN
fbem-8691	127	32	is	be	AUX
fbem-8691	127	33	a	a	DET
fbem-8691	127	34	one	one	NUM
fbem-8691	127	35	-	-	PUNCT
fbem-8691	127	36	way	way	NOUN
fbem-8691	127	37	granger	granger	NOUN
fbem-8691	127	38	causality	causality	PROPN
fbem-8691	127	39	for	for	ADP
fbem-8691	127	40	dlncoal	dlncoal	NOUN
fbem-8691	127	41	.	.	PUNCT
fbem-8691	128	1	in	in	ADP
fbem-8691	128	2	addition	addition	NOUN
fbem-8691	128	3	to	to	ADP
fbem-8691	128	4	this	this	PRON
fbem-8691	128	5	,	,	PUNCT
fbem-8691	128	6	for	for	ADP
fbem-8691	128	7	the	the	DET
fbem-8691	128	8	variables	variable	NOUN
fbem-8691	128	9	from	from	ADP
fbem-8691	128	10	2016	2016	NUM
fbem-8691	128	11	to	to	ADP
fbem-8691	128	12	2020	2020	NUM
fbem-8691	128	13	,	,	PUNCT
fbem-8691	128	14	dlnnhcoal	dlnnhcoal	NOUN
fbem-8691	128	15	(	(	PUNCT
fbem-8691	128	16	change	change	NOUN
fbem-8691	128	17	in	in	ADP
fbem-8691	128	18	nanhua	nanhua	PROPN
fbem-8691	128	19	steam	steam	NOUN
fbem-8691	128	20	coal	coal	NOUN
fbem-8691	128	21	index	index	NOUN
fbem-8691	128	22	)	)	PUNCT
fbem-8691	128	23	is	be	AUX
fbem-8691	128	24	the	the	DET
fbem-8691	128	25	granger	granger	PROPN
fbem-8691	128	26	cause	cause	PROPN
fbem-8691	128	27	of	of	ADP
fbem-8691	128	28	dlncoal	dlncoal	NOUN
fbem-8691	128	29	,	,	PUNCT
fbem-8691	128	30	while	while	SCONJ
fbem-8691	128	31	in	in	ADP
fbem-8691	128	32	2021	2021	NUM
fbem-8691	128	33	to	to	ADP
fbem-8691	128	34	2022	2022	NUM
fbem-8691	128	35	,	,	PUNCT
fbem-8691	128	36	this	this	DET
fbem-8691	128	37	relationship	relationship	NOUN
fbem-8691	128	38	does	do	AUX
fbem-8691	128	39	not	not	PART
fbem-8691	128	40	exist	exist	VERB
fbem-8691	128	41	.	.	PUNCT
fbem-8691	129	1	in	in	ADP
fbem-8691	129	2	general	general	ADJ
fbem-8691	129	3	,	,	PUNCT
fbem-8691	129	4	the	the	DET
fbem-8691	129	5	sum	sum	NOUN
fbem-8691	129	6	of	of	ADP
fbem-8691	129	7	all	all	DET
fbem-8691	129	8	variables	variable	NOUN
fbem-8691	129	9	is	be	AUX
fbem-8691	129	10	the	the	DET
fbem-8691	129	11	granger	granger	PROPN
fbem-8691	129	12	causality	causality	NOUN
fbem-8691	129	13	of	of	ADP
fbem-8691	129	14	dlncoal	dlncoal	NOUN
fbem-8691	129	15	,	,	PUNCT
fbem-8691	129	16	so	so	SCONJ
fbem-8691	129	17	this	this	DET
fbem-8691	129	18	paper	paper	NOUN
fbem-8691	129	19	will	will	AUX
fbem-8691	129	20	continue	continue	VERB
fbem-8691	129	21	to	to	PART
fbem-8691	129	22	explore	explore	VERB
fbem-8691	129	23	the	the	DET
fbem-8691	129	24	relationship	relationship	NOUN
fbem-8691	129	25	between	between	ADP
fbem-8691	129	26	each	each	DET
fbem-8691	129	27	variable	variable	NOUN
fbem-8691	129	28	and	and	CCONJ
fbem-8691	129	29	dlncoal	dlncoal	NOUN
fbem-8691	129	30	.	.	PUNCT
fbem-8691	130	1	table	table	PROPN
fbem-8691	130	2	7	7	NUM
fbem-8691	130	3	.	.	PUNCT
fbem-8691	131	1	granger	granger	PROPN
fbem-8691	131	2	causality	causality	PROPN
fbem-8691	131	3	test	test	NOUN
fbem-8691	131	4	results	result	NOUN
fbem-8691	131	5	for	for	ADP
fbem-8691	131	6	each	each	DET
fbem-8691	131	7	variable	variable	NOUN
fbem-8691	131	8	on	on	ADP
fbem-8691	131	9	dlncoal	dlncoal	NOUN
fbem-8691	131	10	from	from	ADP
fbem-8691	131	11	2016	2016	NUM
fbem-8691	131	12	to	to	ADP
fbem-8691	131	13	2020	2020	NUM
fbem-8691	131	14	equation	equation	NOUN
fbem-8691	131	15	excluded	exclude	VERB
fbem-8691	131	16	chi2	chi2	PROPN
fbem-8691	131	17	df	df	PROPN
fbem-8691	131	18	prob	prob	PROPN
fbem-8691	131	19	>	>	PROPN
fbem-8691	131	20	chi2	chi2	PROPN
fbem-8691	131	21	dlncoal	dlncoal	NOUN
fbem-8691	131	22	dlnnhcoal	dlnnhcoal	NOUN
fbem-8691	131	23	7.8076	7.8076	NUM
fbem-8691	131	24	1	1	NUM
fbem-8691	131	25	0.005	0.005	NUM
fbem-8691	131	26	dlncoal	dlncoal	NOUN
fbem-8691	131	27	dln	dln	NOUN
fbem-8691	131	28	-	-	PUNCT
fbem-8691	131	29	nhindustry	nhindustry	NOUN
fbem-8691	131	30	0.93965	0.93965	NUM
fbem-8691	131	31	1	1	NUM
fbem-8691	131	32	0.332	0.332	NUM
fbem-8691	131	33	dlncoal	dlncoal	NOUN
fbem-8691	131	34	dlnnhall	dlnnhall	PROPN
fbem-8691	131	35	1.5354	1.5354	NUM
fbem-8691	131	36	1	1	NUM
fbem-8691	131	37	0.215	0.215	NUM
fbem-8691	131	38	dlncoal	dlncoal	NOUN
fbem-8691	131	39	dlncoalfu	dlncoalfu	VERB
fbem-8691	131	40	1.6997	1.6997	NUM
fbem-8691	131	41	1	1	NUM
fbem-8691	131	42	0.192	0.192	NUM
fbem-8691	131	43	dlncoal	dlncoal	NOUN
fbem-8691	131	44	dlnexrate	dlnexrate	VERB
fbem-8691	131	45	0.68005	0.68005	NUM
fbem-8691	131	46	1	1	NUM
fbem-8691	131	47	0.41	0.41	NUM
fbem-8691	131	48	dlncoal	dlncoal	NOUN
fbem-8691	131	49	dlndindex	dlndindex	NOUN
fbem-8691	131	50	0.10894	0.10894	NUM
fbem-8691	131	51	1	1	NUM
fbem-8691	131	52	0.741	0.741	NUM
fbem-8691	131	53	dlncoal	dlncoal	NOUN
fbem-8691	131	54	all	all	PRON
fbem-8691	131	55	13.523	13.523	NUM
fbem-8691	131	56	6	6	NUM
fbem-8691	131	57	0.035	0.035	NUM
fbem-8691	131	58	table	table	NOUN
fbem-8691	131	59	8	8	NUM
fbem-8691	131	60	.	.	PUNCT
fbem-8691	132	1	granger	granger	PROPN
fbem-8691	132	2	causality	causality	PROPN
fbem-8691	132	3	test	test	NOUN
fbem-8691	132	4	results	result	NOUN
fbem-8691	132	5	for	for	ADP
fbem-8691	132	6	each	each	DET
fbem-8691	132	7	variable	variable	NOUN
fbem-8691	132	8	on	on	ADP
fbem-8691	132	9	dlncoal	dlncoal	NOUN
fbem-8691	132	10	from	from	ADP
fbem-8691	132	11	2021	2021	NUM
fbem-8691	132	12	to	to	ADP
fbem-8691	132	13	2022	2022	NUM
fbem-8691	132	14	equation	equation	NOUN
fbem-8691	132	15	excluded	exclude	VERB
fbem-8691	132	16	chi2	chi2	PROPN
fbem-8691	132	17	df	df	PROPN
fbem-8691	132	18	prob	prob	PROPN
fbem-8691	132	19	>	>	PROPN
fbem-8691	132	20	chi2	chi2	PROPN
fbem-8691	132	21	dlncoal	dlncoal	NOUN
fbem-8691	132	22	dlnnhcoal	dlnnhcoal	NOUN
fbem-8691	132	23	2.9962	2.9962	NUM
fbem-8691	132	24	1	1	NUM
fbem-8691	132	25	0.083	0.083	NUM
fbem-8691	132	26	dlncoal	dlncoal	PROPN
fbem-8691	132	27	dln	dln	PROPN
fbem-8691	132	28	-	-	PUNCT
fbem-8691	132	29	nhindustry	nhindustry	NOUN
fbem-8691	132	30	0.08082	0.08082	NUM
fbem-8691	132	31	1	1	NUM
fbem-8691	132	32	0.776	0.776	NUM
fbem-8691	132	33	dlncoal	dlncoal	NOUN
fbem-8691	132	34	dlnnhall	dlnnhall	PROPN
fbem-8691	132	35	0.62799	0.62799	NUM
fbem-8691	132	36	1	1	NUM
fbem-8691	132	37	0.428	0.428	NUM
fbem-8691	132	38	dlncoal	dlncoal	NOUN
fbem-8691	132	39	dlncoalfu	dlncoalfu	VERB
fbem-8691	132	40	0.35417	0.35417	NUM
fbem-8691	132	41	1	1	NUM
fbem-8691	132	42	0.552	0.552	NUM
fbem-8691	132	43	dlncoal	dlncoal	NOUN
fbem-8691	132	44	dlnexrate	dlnexrate	VERB
fbem-8691	132	45	0.31594	0.31594	NUM
fbem-8691	132	46	1	1	NUM
fbem-8691	132	47	0.574	0.574	NUM
fbem-8691	132	48	dlncoal	dlncoal	NOUN
fbem-8691	132	49	dlndindex	dlndindex	NOUN
fbem-8691	132	50	0.85095	0.85095	NUM
fbem-8691	132	51	1	1	NUM
fbem-8691	132	52	0.356	0.356	NUM
fbem-8691	132	53	dlncoal	dlncoal	NOUN
fbem-8691	132	54	all	all	PRON
fbem-8691	132	55	26.226	26.226	NUM
fbem-8691	132	56	6	6	NUM
fbem-8691	132	57	0	0	NUM
fbem-8691	132	58	3.6	3.6	NUM
fbem-8691	132	59	.	.	PUNCT
fbem-8691	133	1	mean	mean	VERB
fbem-8691	133	2	spillover	spillover	ADJ
fbem-8691	133	3	effect	effect	NOUN
fbem-8691	133	4	analysis	analysis	NOUN
fbem-8691	133	5	both	both	PRON
fbem-8691	133	6	mean	mean	VERB
fbem-8691	133	7	spillover	spillover	VERB
fbem-8691	133	8	and	and	CCONJ
fbem-8691	133	9	volatility	volatility	NOUN
fbem-8691	133	10	spillover	spillover	NOUN
fbem-8691	133	11	are	be	AUX
fbem-8691	133	12	part	part	NOUN
fbem-8691	133	13	of	of	ADP
fbem-8691	133	14	the	the	DET
fbem-8691	133	15	information	information	NOUN
fbem-8691	133	16	transmission	transmission	NOUN
fbem-8691	133	17	mechanism	mechanism	NOUN
fbem-8691	133	18	in	in	ADP
fbem-8691	133	19	financial	financial	ADJ
fbem-8691	133	20	markets	market	NOUN
fbem-8691	133	21	,	,	PUNCT
fbem-8691	133	22	with	with	ADP
fbem-8691	133	23	the	the	DET
fbem-8691	133	24	former	former	ADJ
fbem-8691	133	25	indicating	indicate	VERB
fbem-8691	133	26	the	the	DET
fbem-8691	133	27	impact	impact	NOUN
fbem-8691	133	28	of	of	ADP
fbem-8691	133	29	changes	change	NOUN
fbem-8691	133	30	in	in	ADP
fbem-8691	133	31	one	one	NUM
fbem-8691	133	32	factor	factor	NOUN
fbem-8691	133	33	on	on	ADP
fbem-8691	133	34	other	other	ADJ
fbem-8691	133	35	factors	factor	NOUN
fbem-8691	133	36	.	.	PUNCT
fbem-8691	134	1	this	this	DET
fbem-8691	134	2	section	section	NOUN
fbem-8691	134	3	will	will	AUX
fbem-8691	134	4	focus	focus	VERB
fbem-8691	134	5	on	on	ADP
fbem-8691	134	6	the	the	DET
fbem-8691	134	7	analysis	analysis	NOUN
fbem-8691	134	8	of	of	ADP
fbem-8691	134	9	the	the	DET
fbem-8691	134	10	mean	mean	ADJ
fbem-8691	134	11	spillover	spillover	NOUN
fbem-8691	134	12	of	of	ADP
fbem-8691	134	13	each	each	DET
fbem-8691	134	14	variable	variable	NOUN
fbem-8691	134	15	on	on	ADP
fbem-8691	134	16	dlncoal	dlncoal	NOUN
fbem-8691	134	17	.	.	PUNCT
fbem-8691	135	1	the	the	DET
fbem-8691	135	2	results	result	NOUN
fbem-8691	135	3	in	in	ADP
fbem-8691	135	4	table	table	NOUN
fbem-8691	135	5	9	9	NUM
fbem-8691	135	6	and	and	CCONJ
fbem-8691	135	7	table	table	NOUN
fbem-8691	135	8	10	10	NUM
fbem-8691	135	9	show	show	NOUN
fbem-8691	135	10	that	that	SCONJ
fbem-8691	135	11	dlncoal(-1	dlncoal(-1	VERB
fbem-8691	135	12	)	)	PUNCT
fbem-8691	135	13	(	(	PUNCT
fbem-8691	135	14	the	the	DET
fbem-8691	135	15	lag	lag	NOUN
fbem-8691	135	16	one	one	NUM
fbem-8691	135	17	coal	coal	NOUN
fbem-8691	135	18	price	price	NOUN
fbem-8691	135	19	change	change	NOUN
fbem-8691	135	20	)	)	PUNCT
fbem-8691	135	21	and	and	CCONJ
fbem-8691	135	22	dlnnhcoal(-1	dlnnhcoal(-1	VERB
fbem-8691	135	23	)	)	PUNCT
fbem-8691	135	24	(	(	PUNCT
fbem-8691	135	25	the	the	DET
fbem-8691	135	26	lag	lag	NOUN
fbem-8691	135	27	one	one	NUM
fbem-8691	135	28	nanhua	nanhua	NOUN
fbem-8691	135	29	steam	steam	NOUN
fbem-8691	135	30	coal	coal	NOUN
fbem-8691	135	31	index	index	NOUN
fbem-8691	135	32	change	change	NOUN
fbem-8691	135	33	)	)	PUNCT
fbem-8691	135	34	have	have	VERB
fbem-8691	135	35	one	one	NUM
fbem-8691	135	36	-	-	PUNCT
fbem-8691	135	37	way	way	NOUN
fbem-8691	135	38	mean	mean	NOUN
fbem-8691	135	39	spillover	spillover	VERB
fbem-8691	135	40	effects	effect	NOUN
fbem-8691	135	41	on	on	ADP
fbem-8691	135	42	dlncoal	dlncoal	NOUN
fbem-8691	135	43	in	in	ADP
fbem-8691	135	44	both	both	DET
fbem-8691	135	45	time	time	NOUN
fbem-8691	135	46	intervals	interval	NOUN
fbem-8691	135	47	from	from	ADP
fbem-8691	135	48	2016	2016	NUM
fbem-8691	135	49	to	to	ADP
fbem-8691	135	50	2020	2020	NUM
fbem-8691	135	51	and	and	CCONJ
fbem-8691	135	52	from	from	ADP
fbem-8691	135	53	2021	2021	NUM
fbem-8691	135	54	to	to	ADP
fbem-8691	135	55	2022	2022	NUM
fbem-8691	135	56	,	,	PUNCT
fbem-8691	135	57	which	which	PRON
fbem-8691	135	58	is	be	AUX
fbem-8691	135	59	consistent	consistent	ADJ
fbem-8691	135	60	with	with	ADP
fbem-8691	135	61	the	the	DET
fbem-8691	135	62	granger	granger	PROPN
fbem-8691	135	63	causality	causality	PROPN
fbem-8691	135	64	test	test	NOUN
fbem-8691	135	65	results	result	NOUN
fbem-8691	135	66	.	.	PUNCT
fbem-8691	136	1	in	in	ADP
fbem-8691	136	2	addition	addition	NOUN
fbem-8691	136	3	to	to	ADP
fbem-8691	136	4	this	this	PRON
fbem-8691	136	5	,	,	PUNCT
fbem-8691	136	6	the	the	DET
fbem-8691	136	7	study	study	NOUN
fbem-8691	136	8	by	by	ADP
fbem-8691	136	9	lin	lin	PROPN
fbem-8691	136	10	and	and	CCONJ
fbem-8691	136	11	wenjing	wenje	VERB
fbem-8691	136	12	[	[	PUNCT
fbem-8691	136	13	22	22	NUM
fbem-8691	136	14	]	]	PUNCT
fbem-8691	136	15	also	also	ADV
fbem-8691	136	16	shows	show	VERB
fbem-8691	136	17	that	that	SCONJ
fbem-8691	136	18	there	there	PRON
fbem-8691	136	19	is	be	VERB
fbem-8691	136	20	a	a	DET
fbem-8691	136	21	one	one	NUM
fbem-8691	136	22	-	-	PUNCT
fbem-8691	136	23	way	way	NOUN
fbem-8691	136	24	mean	mean	NOUN
fbem-8691	136	25	spillover	spillover	NOUN
fbem-8691	136	26	of	of	ADP
fbem-8691	136	27	steam	steam	NOUN
fbem-8691	136	28	coal	coal	NOUN
fbem-8691	136	29	futures	future	NOUN
fbem-8691	136	30	prices	price	NOUN
fbem-8691	136	31	to	to	ADP
fbem-8691	136	32	its	its	PRON
fbem-8691	136	33	spot	spot	NOUN
fbem-8691	136	34	prices	price	NOUN
fbem-8691	136	35	between	between	ADP
fbem-8691	136	36	2013	2013	NUM
fbem-8691	136	37	and	and	CCONJ
fbem-8691	136	38	2015	2015	NUM
fbem-8691	136	39	,	,	PUNCT
fbem-8691	136	40	i.e.	i.e.	X
fbem-8691	136	41	,	,	PUNCT
fbem-8691	136	42	the	the	DET
fbem-8691	136	43	futures	future	NOUN
fbem-8691	136	44	market	market	NOUN
fbem-8691	136	45	has	have	VERB
fbem-8691	136	46	a	a	DET
fbem-8691	136	47	certain	certain	ADJ
fbem-8691	136	48	price	price	NOUN
fbem-8691	136	49	discovery	discovery	NOUN
fbem-8691	136	50	function	function	NOUN
fbem-8691	136	51	.	.	PUNCT
fbem-8691	137	1	in	in	ADP
fbem-8691	137	2	general	general	ADJ
fbem-8691	137	3	,	,	PUNCT
fbem-8691	137	4	for	for	ADP
fbem-8691	137	5	coal	coal	NOUN
fbem-8691	137	6	price	price	NOUN
fbem-8691	137	7	changes	change	NOUN
fbem-8691	137	8	,	,	PUNCT
fbem-8691	137	9	there	there	PRON
fbem-8691	137	10	is	be	VERB
fbem-8691	137	11	a	a	DET
fbem-8691	137	12	mean	mean	ADJ
fbem-8691	137	13	spillover	spillover	NOUN
fbem-8691	137	14	effect	effect	NOUN
fbem-8691	137	15	on	on	ADP
fbem-8691	137	16	it	it	PRON
fbem-8691	137	17	from	from	ADP
fbem-8691	137	18	its	its	PRON
fbem-8691	137	19	lag	lag	NOUN
fbem-8691	137	20	one	one	NUM
fbem-8691	137	21	version	version	NOUN
fbem-8691	137	22	and	and	CCONJ
fbem-8691	137	23	lag	lag	VERB
fbem-8691	137	24	one	one	NUM
fbem-8691	137	25	nanhua	nanhua	NOUN
fbem-8691	137	26	steam	steam	NOUN
fbem-8691	137	27	coal	coal	NOUN
fbem-8691	137	28	index	index	NOUN
fbem-8691	137	29	in	in	ADP
fbem-8691	137	30	the	the	DET
fbem-8691	137	31	futures	future	NOUN
fbem-8691	137	32	market	market	NOUN
fbem-8691	137	33	,	,	PUNCT
fbem-8691	137	34	this	this	DET
fbem-8691	137	35	effect	effect	NOUN
fbem-8691	137	36	is	be	AUX
fbem-8691	137	37	relatively	relatively	ADV
fbem-8691	137	38	stable	stable	ADJ
fbem-8691	137	39	and	and	CCONJ
fbem-8691	137	40	does	do	AUX
fbem-8691	137	41	not	not	PART
fbem-8691	137	42	change	change	VERB
fbem-8691	137	43	due	due	ADP
fbem-8691	137	44	to	to	ADP
fbem-8691	137	45	the	the	DET
fbem-8691	137	46	factors	factor	NOUN
fbem-8691	137	47	that	that	PRON
fbem-8691	137	48	cause	cause	VERB
fbem-8691	137	49	large	large	ADJ
fbem-8691	137	50	fluctuations	fluctuation	NOUN
fbem-8691	137	51	in	in	ADP
fbem-8691	137	52	coal	coal	NOUN
fbem-8691	137	53	prices	price	NOUN
fbem-8691	137	54	in	in	ADP
fbem-8691	137	55	2021	2021	NUM
fbem-8691	137	56	.	.	PUNCT
fbem-8691	138	1	263	263	NUM
fbem-8691	138	2	table	table	NOUN
fbem-8691	138	3	9	9	NUM
fbem-8691	138	4	.	.	PUNCT
fbem-8691	139	1	mean	mean	ADJ
fbem-8691	139	2	equation	equation	NOUN
fbem-8691	139	3	of	of	ADP
fbem-8691	139	4	dlncoal	dlncoal	NOUN
fbem-8691	139	5	from	from	ADP
fbem-8691	139	6	2016	2016	NUM
fbem-8691	139	7	to	to	ADP
fbem-8691	139	8	2020	2020	NUM
fbem-8691	139	9	coefficient	coefficient	NOUN
fbem-8691	139	10	standard	standard	ADJ
fbem-8691	139	11	deviation	deviation	NOUN
fbem-8691	139	12	t	t	PROPN
fbem-8691	139	13	dlncoal(-1	dlncoal(-1	VERB
fbem-8691	139	14	)	)	PUNCT
fbem-8691	139	15	0.325	0.325	PROPN
fbem-8691	139	16	0.031	0.031	NUM
fbem-8691	139	17	10.619	10.619	NUM
fbem-8691	139	18	dlnnhcoal(-1	dlnnhcoal(-1	ADJ
fbem-8691	139	19	)	)	PUNCT
fbem-8691	139	20	0.065	0.065	NUM
fbem-8691	139	21	0.023	0.023	NUM
fbem-8691	139	22	2.783	2.783	NUM
fbem-8691	139	23	dlnnhindustry(-1	dlnnhindustry(-1	ADJ
fbem-8691	139	24	)	)	PUNCT
fbem-8691	139	25	0.075	0.075	NUM
fbem-8691	139	26	0.078	0.078	NUM
fbem-8691	139	27	0.965	0.965	NUM
fbem-8691	139	28	dlnnhall(-1	dlnnhall(-1	NOUN
fbem-8691	139	29	)	)	PUNCT
fbem-8691	139	30	-0.111	-0.111	PUNCT
fbem-8691	139	31	0.09	0.09	NUM
fbem-8691	139	32	-1.234	-1.234	ADJ
fbem-8691	139	33	dlncoalfu(-1	dlncoalfu(-1	ADJ
fbem-8691	139	34	)	)	PUNCT
fbem-8691	139	35	-0.025	-0.025	NOUN
fbem-8691	139	36	0.019	0.019	NUM
fbem-8691	139	37	-1.298	-1.298	PUNCT
fbem-8691	139	38	dlnexrate(-1	dlnexrate(-1	VERB
fbem-8691	139	39	)	)	PUNCT
fbem-8691	139	40	-0.05	-0.05	NUM
fbem-8691	139	41	0.06	0.06	NUM
fbem-8691	139	42	-0.821	-0.821	NUM
fbem-8691	139	43	lndindex(-1	lndindex(-1	ADJ
fbem-8691	139	44	)	)	PUNCT
fbem-8691	139	45	0.013	0.013	NUM
fbem-8691	139	46	0.041	0.041	NUM
fbem-8691	139	47	0.329	0.329	NUM
fbem-8691	139	48	constant	constant	ADJ
fbem-8691	139	49	0	0	NUM
fbem-8691	139	50	0	0	NUM
fbem-8691	139	51	0.946	0.946	NUM
fbem-8691	139	52	table	table	NOUN
fbem-8691	139	53	10	10	NUM
fbem-8691	139	54	.	.	PUNCT
fbem-8691	140	1	mean	mean	ADJ
fbem-8691	140	2	equation	equation	NOUN
fbem-8691	140	3	of	of	ADP
fbem-8691	140	4	dlncoal	dlncoal	NOUN
fbem-8691	140	5	from	from	ADP
fbem-8691	140	6	2021	2021	NUM
fbem-8691	140	7	to	to	ADP
fbem-8691	140	8	2022	2022	NUM
fbem-8691	140	9	coefficient	coefficient	NOUN
fbem-8691	140	10	standard	standard	ADJ
fbem-8691	140	11	deviation	deviation	NOUN
fbem-8691	140	12	t	t	PROPN
fbem-8691	140	13	dlncoal(-1	dlncoal(-1	VERB
fbem-8691	140	14	)	)	PUNCT
fbem-8691	140	15	0.608	0.608	NUM
fbem-8691	140	16	0.046	0.046	NUM
fbem-8691	140	17	13.185	13.185	NUM
fbem-8691	140	18	dlnnhcoal(-1	dlnnhcoal(-1	ADJ
fbem-8691	140	19	)	)	PUNCT
fbem-8691	140	20	0.145	0.145	NUM
fbem-8691	140	21	0.085	0.085	NUM
fbem-8691	140	22	1.705	1.705	NUM
fbem-8691	140	23	dlnnhindustry(-1	dlnnhindustry(-1	PROPN
fbem-8691	140	24	)	)	PUNCT
fbem-8691	140	25	0.074	0.074	NUM
fbem-8691	140	26	0.266	0.266	NUM
fbem-8691	140	27	0.28	0.28	NUM
fbem-8691	140	28	dlnnhall(-1	dlnnhall(-1	NOUN
fbem-8691	140	29	)	)	PUNCT
fbem-8691	141	1	-0.228	-0.228	NUM
fbem-8691	141	2	0.292	0.292	NUM
fbem-8691	141	3	-0.781	-0.781	VERB
fbem-8691	141	4	dlncoalfu(-1	dlncoalfu(-1	ADJ
fbem-8691	141	5	)	)	PUNCT
fbem-8691	141	6	0.043	0.043	NUM
fbem-8691	141	7	0.073	0.073	NUM
fbem-8691	141	8	0.586	0.586	NUM
fbem-8691	141	9	dlnexrate(-1	dlnexrate(-1	VERB
fbem-8691	141	10	)	)	PUNCT
fbem-8691	142	1	-0.384	-0.384	PUNCT
fbem-8691	142	2	0.693	0.693	NUM
fbem-8691	142	3	-0.554	-0.554	NOUN
fbem-8691	142	4	lndindex(-1	lndindex(-1	PROPN
fbem-8691	142	5	)	)	PUNCT
fbem-8691	142	6	-0.298	-0.298	PUNCT
fbem-8691	143	1	0.327	0.327	NUM
fbem-8691	143	2	-0.909	-0.909	NOUN
fbem-8691	143	3	constant	constant	ADJ
fbem-8691	143	4	0	0	NUM
fbem-8691	143	5	0.001	0.001	NUM
fbem-8691	143	6	0.029	0.029	NUM
fbem-8691	143	7	3.7	3.7	NUM
fbem-8691	143	8	.	.	PUNCT
fbem-8691	144	1	impulse	impulse	ADJ
fbem-8691	144	2	response	response	NOUN
fbem-8691	144	3	analysis	analysis	NOUN
fbem-8691	144	4	impulse	impulse	ADJ
fbem-8691	144	5	responses	response	NOUN
fbem-8691	144	6	are	be	AUX
fbem-8691	144	7	often	often	ADV
fbem-8691	144	8	used	use	VERB
fbem-8691	144	9	to	to	PART
fbem-8691	144	10	show	show	VERB
fbem-8691	144	11	the	the	DET
fbem-8691	144	12	response	response	NOUN
fbem-8691	144	13	of	of	ADP
fbem-8691	144	14	other	other	ADJ
fbem-8691	144	15	variables	variable	NOUN
fbem-8691	144	16	of	of	ADP
fbem-8691	144	17	the	the	DET
fbem-8691	144	18	model	model	NOUN
fbem-8691	144	19	in	in	ADP
fbem-8691	144	20	different	different	ADJ
fbem-8691	144	21	periods	period	NOUN
fbem-8691	144	22	when	when	SCONJ
fbem-8691	144	23	one	one	NUM
fbem-8691	144	24	variable	variable	NOUN
fbem-8691	144	25	is	be	AUX
fbem-8691	144	26	subjected	subject	VERB
fbem-8691	144	27	to	to	ADP
fbem-8691	144	28	a	a	DET
fbem-8691	144	29	shock	shock	NOUN
fbem-8691	144	30	.	.	PUNCT
fbem-8691	145	1	to	to	PART
fbem-8691	145	2	discuss	discuss	VERB
fbem-8691	145	3	the	the	DET
fbem-8691	145	4	long	long	ADV
fbem-8691	145	5	-	-	PUNCT
fbem-8691	145	6	run	run	VERB
fbem-8691	145	7	and	and	CCONJ
fbem-8691	145	8	short	short	ADJ
fbem-8691	145	9	-	-	PUNCT
fbem-8691	145	10	run	run	NOUN
fbem-8691	145	11	effects	effect	NOUN
fbem-8691	145	12	,	,	PUNCT
fbem-8691	145	13	the	the	DET
fbem-8691	145	14	horizontal	horizontal	ADJ
fbem-8691	145	15	axis	axis	NOUN
fbem-8691	145	16	range	range	NOUN
fbem-8691	145	17	is	be	AUX
fbem-8691	145	18	set	set	VERB
fbem-8691	145	19	from	from	ADP
fbem-8691	145	20	0	0	NUM
fbem-8691	145	21	to	to	PART
fbem-8691	145	22	8	8	NUM
fbem-8691	145	23	periods	period	NOUN
fbem-8691	145	24	;	;	PUNCT
fbem-8691	145	25	to	to	PART
fbem-8691	145	26	facilitate	facilitate	VERB
fbem-8691	145	27	the	the	DET
fbem-8691	145	28	comparison	comparison	NOUN
fbem-8691	145	29	of	of	ADP
fbem-8691	145	30	the	the	DET
fbem-8691	145	31	two	two	NUM
fbem-8691	145	32	data	datum	NOUN
fbem-8691	145	33	results	result	NOUN
fbem-8691	145	34	,	,	PUNCT
fbem-8691	145	35	the	the	DET
fbem-8691	145	36	vertical	vertical	ADJ
fbem-8691	145	37	axis	axis	NOUN
fbem-8691	145	38	scale	scale	NOUN
fbem-8691	145	39	range	range	NOUN
fbem-8691	145	40	is	be	AUX
fbem-8691	145	41	set	set	VERB
fbem-8691	145	42	uniformly	uniformly	ADV
fbem-8691	145	43	from	from	ADP
fbem-8691	145	44	-0.4	-0.4	NUM
fbem-8691	145	45	to	to	ADP
fbem-8691	145	46	0.2	0.2	NUM
fbem-8691	145	47	.	.	PUNCT
fbem-8691	146	1	in	in	ADP
fbem-8691	146	2	figures	figure	NOUN
fbem-8691	146	3	5	5	NUM
fbem-8691	146	4	and	and	CCONJ
fbem-8691	146	5	6	6	NUM
fbem-8691	146	6	,	,	PUNCT
fbem-8691	146	7	the	the	DET
fbem-8691	146	8	second	second	ADJ
fbem-8691	146	9	element	element	NOUN
fbem-8691	146	10	within	within	ADP
fbem-8691	146	11	the	the	DET
fbem-8691	146	12	title	title	NOUN
fbem-8691	146	13	of	of	ADP
fbem-8691	146	14	each	each	DET
fbem-8691	146	15	sub	sub	NOUN
fbem-8691	146	16	-	-	ADJ
fbem-8691	146	17	picture	picture	NOUN
fbem-8691	146	18	is	be	AUX
fbem-8691	146	19	the	the	DET
fbem-8691	146	20	shocked	shocked	ADJ
fbem-8691	146	21	variable	variable	NOUN
fbem-8691	146	22	and	and	CCONJ
fbem-8691	146	23	the	the	DET
fbem-8691	146	24	third	third	ADJ
fbem-8691	146	25	element	element	NOUN
fbem-8691	146	26	is	be	AUX
fbem-8691	146	27	the	the	DET
fbem-8691	146	28	affected	affected	ADJ
fbem-8691	146	29	variable	variable	NOUN
fbem-8691	146	30	.	.	PUNCT
fbem-8691	147	1	according	accord	VERB
fbem-8691	147	2	to	to	PART
fbem-8691	147	3	figure	figure	NOUN
fbem-8691	147	4	5	5	NUM
fbem-8691	147	5	,	,	PUNCT
fbem-8691	147	6	it	it	PRON
fbem-8691	147	7	can	can	AUX
fbem-8691	147	8	be	be	AUX
fbem-8691	147	9	seen	see	VERB
fbem-8691	147	10	that	that	SCONJ
fbem-8691	147	11	during	during	ADP
fbem-8691	147	12	the	the	DET
fbem-8691	147	13	time	time	NOUN
fbem-8691	147	14	period	period	NOUN
fbem-8691	147	15	from	from	ADP
fbem-8691	147	16	2016	2016	NUM
fbem-8691	147	17	to	to	ADP
fbem-8691	147	18	2020	2020	NUM
fbem-8691	147	19	,	,	PUNCT
fbem-8691	147	20	from	from	ADP
fbem-8691	147	21	the	the	DET
fbem-8691	147	22	futures	future	NOUN
fbem-8691	147	23	market	market	NOUN
fbem-8691	147	24	perspective	perspective	NOUN
fbem-8691	147	25	,	,	PUNCT
fbem-8691	147	26	the	the	DET
fbem-8691	147	27	change	change	NOUN
fbem-8691	147	28	in	in	ADP
fbem-8691	147	29	the	the	DET
fbem-8691	147	30	closing	closing	NOUN
fbem-8691	147	31	price	price	NOUN
fbem-8691	147	32	of	of	ADP
fbem-8691	147	33	steam	steam	NOUN
fbem-8691	147	34	coal	coal	NOUN
fbem-8691	147	35	futures	future	NOUN
fbem-8691	147	36	has	have	VERB
fbem-8691	147	37	a	a	DET
fbem-8691	147	38	weak	weak	ADJ
fbem-8691	147	39	short	short	ADJ
fbem-8691	147	40	-	-	PUNCT
fbem-8691	147	41	term	term	NOUN
fbem-8691	147	42	negative	negative	ADJ
fbem-8691	147	43	impact	impact	NOUN
fbem-8691	147	44	on	on	ADP
fbem-8691	147	45	the	the	DET
fbem-8691	147	46	change	change	NOUN
fbem-8691	147	47	in	in	ADP
fbem-8691	147	48	power	power	NOUN
fbem-8691	147	49	coal	coal	NOUN
fbem-8691	147	50	prices	price	NOUN
fbem-8691	147	51	after	after	ADP
fbem-8691	147	52	the	the	DET
fbem-8691	147	53	shock	shock	NOUN
fbem-8691	147	54	,	,	PUNCT
fbem-8691	147	55	which	which	PRON
fbem-8691	147	56	has	have	AUX
fbem-8691	147	57	reached	reach	VERB
fbem-8691	147	58	the	the	DET
fbem-8691	147	59	maximum	maximum	NOUN
fbem-8691	147	60	in	in	ADP
fbem-8691	147	61	the	the	DET
fbem-8691	147	62	first	first	ADJ
fbem-8691	147	63	period	period	NOUN
fbem-8691	147	64	and	and	CCONJ
fbem-8691	147	65	tends	tend	VERB
fbem-8691	147	66	to	to	ADP
fbem-8691	147	67	0	0	NUM
fbem-8691	147	68	since	since	SCONJ
fbem-8691	147	69	the	the	DET
fbem-8691	147	70	second	second	ADJ
fbem-8691	147	71	period	period	NOUN
fbem-8691	147	72	,	,	PUNCT
fbem-8691	147	73	the	the	DET
fbem-8691	147	74	change	change	NOUN
fbem-8691	147	75	in	in	ADP
fbem-8691	147	76	the	the	DET
fbem-8691	147	77	nanhua	nanhua	PROPN
fbem-8691	147	78	steam	steam	NOUN
fbem-8691	147	79	coal	coal	NOUN
fbem-8691	147	80	index	index	NOUN
fbem-8691	147	81	and	and	CCONJ
fbem-8691	147	82	the	the	DET
fbem-8691	147	83	change	change	NOUN
fbem-8691	147	84	in	in	ADP
fbem-8691	147	85	the	the	DET
fbem-8691	147	86	nanhua	nanhua	PROPN
fbem-8691	147	87	industrial	industrial	PROPN
fbem-8691	147	88	products	product	NOUN
fbem-8691	147	89	index	index	NOUN
fbem-8691	147	90	cause	cause	VERB
fbem-8691	147	91	a	a	DET
fbem-8691	147	92	similar	similar	ADJ
fbem-8691	147	93	impact	impact	NOUN
fbem-8691	147	94	trend	trend	NOUN
fbem-8691	147	95	,	,	PUNCT
fbem-8691	147	96	both	both	PRON
fbem-8691	147	97	having	have	VERB
fbem-8691	147	98	a	a	DET
fbem-8691	147	99	short	short	ADJ
fbem-8691	147	100	-	-	PUNCT
fbem-8691	147	101	term	term	NOUN
fbem-8691	147	102	positive	positive	ADJ
fbem-8691	147	103	impact	impact	NOUN
fbem-8691	147	104	.	.	PUNCT
fbem-8691	148	1	in	in	ADP
fbem-8691	148	2	contrast	contrast	NOUN
fbem-8691	148	3	,	,	PUNCT
fbem-8691	148	4	the	the	DET
fbem-8691	148	5	impact	impact	NOUN
fbem-8691	148	6	of	of	ADP
fbem-8691	148	7	the	the	DET
fbem-8691	148	8	change	change	NOUN
fbem-8691	148	9	in	in	ADP
fbem-8691	148	10	the	the	DET
fbem-8691	148	11	nanhua	nanhua	PROPN
fbem-8691	148	12	composite	composite	ADJ
fbem-8691	148	13	index	index	NOUN
fbem-8691	148	14	is	be	AUX
fbem-8691	148	15	the	the	DET
fbem-8691	148	16	largest	large	ADJ
fbem-8691	148	17	and	and	CCONJ
fbem-8691	148	18	has	have	VERB
fbem-8691	148	19	a	a	DET
fbem-8691	148	20	short	short	ADJ
fbem-8691	148	21	-	-	PUNCT
fbem-8691	148	22	term	term	NOUN
fbem-8691	148	23	negative	negative	ADJ
fbem-8691	148	24	impact	impact	NOUN
fbem-8691	148	25	.	.	PUNCT
fbem-8691	149	1	in	in	ADP
fbem-8691	149	2	terms	term	NOUN
fbem-8691	149	3	of	of	ADP
fbem-8691	149	4	the	the	DET
fbem-8691	149	5	economic	economic	ADJ
fbem-8691	149	6	environment	environment	NOUN
fbem-8691	149	7	,	,	PUNCT
fbem-8691	149	8	changes	change	NOUN
fbem-8691	149	9	in	in	ADP
fbem-8691	149	10	the	the	DET
fbem-8691	149	11	us	us	PROPN
fbem-8691	149	12	dollar	dollar	NOUN
fbem-8691	149	13	index	index	NOUN
fbem-8691	149	14	have	have	VERB
fbem-8691	149	15	a	a	DET
fbem-8691	149	16	weak	weak	ADJ
fbem-8691	149	17	,	,	PUNCT
fbem-8691	149	18	short	short	ADJ
fbem-8691	149	19	,	,	PUNCT
fbem-8691	149	20	and	and	CCONJ
fbem-8691	149	21	positive	positive	ADJ
fbem-8691	149	22	impact	impact	NOUN
fbem-8691	149	23	.	.	PUNCT
fbem-8691	150	1	in	in	ADP
fbem-8691	150	2	contrast	contrast	NOUN
fbem-8691	150	3	,	,	PUNCT
fbem-8691	150	4	changes	change	NOUN
fbem-8691	150	5	in	in	ADP
fbem-8691	150	6	the	the	DET
fbem-8691	150	7	exchange	exchange	NOUN
fbem-8691	150	8	rate	rate	NOUN
fbem-8691	150	9	have	have	VERB
fbem-8691	150	10	a	a	DET
fbem-8691	150	11	larger	large	ADJ
fbem-8691	150	12	negative	negative	ADJ
fbem-8691	150	13	impact	impact	NOUN
fbem-8691	150	14	,	,	PUNCT
fbem-8691	150	15	with	with	ADP
fbem-8691	150	16	a	a	DET
fbem-8691	150	17	slight	slight	ADJ
fbem-8691	150	18	increase	increase	NOUN
fbem-8691	150	19	in	in	ADP
fbem-8691	150	20	both	both	DET
fbem-8691	150	21	magnitude	magnitude	NOUN
fbem-8691	150	22	and	and	CCONJ
fbem-8691	150	23	duration	duration	NOUN
fbem-8691	150	24	,	,	PUNCT
fbem-8691	150	25	before	before	ADP
fbem-8691	150	26	leveling	level	VERB
fbem-8691	150	27	off	off	ADP
fbem-8691	150	28	after	after	ADP
fbem-8691	150	29	the	the	DET
fbem-8691	150	30	second	second	ADJ
fbem-8691	150	31	period	period	NOUN
fbem-8691	150	32	.	.	PUNCT
fbem-8691	151	1	briefly	briefly	ADV
fbem-8691	151	2	,	,	PUNCT
fbem-8691	151	3	during	during	ADP
fbem-8691	151	4	this	this	DET
fbem-8691	151	5	period	period	NOUN
fbem-8691	151	6	,	,	PUNCT
fbem-8691	151	7	the	the	DET
fbem-8691	151	8	impact	impact	NOUN
fbem-8691	151	9	of	of	ADP
fbem-8691	151	10	financial	financial	ADJ
fbem-8691	151	11	factor	factor	NOUN
fbem-8691	151	12	changes	change	NOUN
fbem-8691	151	13	on	on	ADP
fbem-8691	151	14	the	the	DET
fbem-8691	151	15	change	change	NOUN
fbem-8691	151	16	of	of	ADP
fbem-8691	151	17	steam	steam	NOUN
fbem-8691	151	18	coal	coal	NOUN
fbem-8691	151	19	price	price	NOUN
fbem-8691	151	20	is	be	AUX
fbem-8691	151	21	mostly	mostly	ADV
fbem-8691	151	22	short	short	ADJ
fbem-8691	151	23	-	-	PUNCT
fbem-8691	151	24	term	term	NOUN
fbem-8691	151	25	and	and	CCONJ
fbem-8691	151	26	shallow	shallow	ADJ
fbem-8691	151	27	.	.	PUNCT
fbem-8691	152	1	the	the	DET
fbem-8691	152	2	factors	factor	NOUN
fbem-8691	152	3	that	that	PRON
fbem-8691	152	4	cause	cause	VERB
fbem-8691	152	5	a	a	DET
fbem-8691	152	6	positive	positive	ADJ
fbem-8691	152	7	impact	impact	NOUN
fbem-8691	152	8	include	include	VERB
fbem-8691	152	9	:	:	PUNCT
fbem-8691	152	10	the	the	DET
fbem-8691	152	11	change	change	NOUN
fbem-8691	152	12	of	of	ADP
fbem-8691	152	13	us	us	PROPN
fbem-8691	152	14	dollar	dollar	NOUN
fbem-8691	152	15	index	index	NOUN
fbem-8691	152	16	,	,	PUNCT
fbem-8691	152	17	the	the	DET
fbem-8691	152	18	change	change	NOUN
fbem-8691	152	19	of	of	ADP
fbem-8691	152	20	nanhua	nanhua	PROPN
fbem-8691	152	21	steam	steam	PROPN
fbem-8691	152	22	coal	coal	NOUN
fbem-8691	152	23	index	index	NOUN
fbem-8691	152	24	,	,	PUNCT
fbem-8691	152	25	the	the	DET
fbem-8691	152	26	change	change	NOUN
fbem-8691	152	27	of	of	ADP
fbem-8691	152	28	nanhua	nanhua	PROPN
fbem-8691	152	29	industrial	industrial	PROPN
fbem-8691	152	30	products	product	NOUN
fbem-8691	152	31	index	index	NOUN
fbem-8691	152	32	.	.	PUNCT
fbem-8691	153	1	the	the	DET
fbem-8691	153	2	factors	factor	NOUN
fbem-8691	153	3	that	that	PRON
fbem-8691	153	4	cause	cause	VERB
fbem-8691	153	5	a	a	DET
fbem-8691	153	6	negative	negative	ADJ
fbem-8691	153	7	impact	impact	NOUN
fbem-8691	153	8	include	include	VERB
fbem-8691	153	9	:	:	PUNCT
fbem-8691	153	10	the	the	DET
fbem-8691	153	11	change	change	NOUN
fbem-8691	153	12	of	of	ADP
fbem-8691	153	13	steam	steam	NOUN
fbem-8691	153	14	coal	coal	NOUN
fbem-8691	153	15	futures	future	NOUN
fbem-8691	153	16	closing	closing	NOUN
fbem-8691	153	17	price	price	NOUN
fbem-8691	153	18	,	,	PUNCT
fbem-8691	153	19	the	the	DET
fbem-8691	153	20	change	change	NOUN
fbem-8691	153	21	of	of	ADP
fbem-8691	153	22	exchange	exchange	NOUN
fbem-8691	153	23	rate	rate	NOUN
fbem-8691	153	24	,	,	PUNCT
fbem-8691	153	25	the	the	DET
fbem-8691	153	26	change	change	NOUN
fbem-8691	153	27	of	of	ADP
fbem-8691	153	28	nanhua	nanhua	PROPN
fbem-8691	153	29	composite	composite	PROPN
fbem-8691	153	30	index	index	NOUN
fbem-8691	153	31	.	.	PUNCT
fbem-8691	154	1	figure	figure	NOUN
fbem-8691	154	2	5	5	NUM
fbem-8691	154	3	.	.	PUNCT
fbem-8691	155	1	impulse	impulse	ADJ
fbem-8691	155	2	response	response	NOUN
fbem-8691	155	3	plot	plot	NOUN
fbem-8691	155	4	of	of	ADP
fbem-8691	155	5	each	each	DET
fbem-8691	155	6	factor	factor	NOUN
fbem-8691	155	7	on	on	ADP
fbem-8691	155	8	dlncoal	dlncoal	NOUN
fbem-8691	155	9	from	from	ADP
fbem-8691	155	10	2016	2016	NUM
fbem-8691	155	11	to	to	ADP
fbem-8691	155	12	2020	2020	NUM
fbem-8691	155	13	264	264	NUM
fbem-8691	155	14	according	accord	VERB
fbem-8691	155	15	to	to	PART
fbem-8691	155	16	figure	figure	VERB
fbem-8691	155	17	6	6	NUM
fbem-8691	155	18	,	,	PUNCT
fbem-8691	155	19	it	it	PRON
fbem-8691	155	20	can	can	AUX
fbem-8691	155	21	be	be	AUX
fbem-8691	155	22	seen	see	VERB
fbem-8691	155	23	that	that	SCONJ
fbem-8691	155	24	in	in	ADP
fbem-8691	155	25	the	the	DET
fbem-8691	155	26	time	time	NOUN
fbem-8691	155	27	period	period	NOUN
fbem-8691	155	28	from	from	ADP
fbem-8691	155	29	2021	2021	NUM
fbem-8691	155	30	to	to	ADP
fbem-8691	155	31	2022	2022	NUM
fbem-8691	155	32	,	,	PUNCT
fbem-8691	155	33	from	from	ADP
fbem-8691	155	34	the	the	DET
fbem-8691	155	35	futures	future	NOUN
fbem-8691	155	36	market	market	NOUN
fbem-8691	155	37	perspective	perspective	NOUN
fbem-8691	155	38	,	,	PUNCT
fbem-8691	155	39	the	the	DET
fbem-8691	155	40	change	change	NOUN
fbem-8691	155	41	in	in	ADP
fbem-8691	155	42	the	the	DET
fbem-8691	155	43	closing	closing	NOUN
fbem-8691	155	44	price	price	NOUN
fbem-8691	155	45	of	of	ADP
fbem-8691	155	46	steam	steam	NOUN
fbem-8691	155	47	coal	coal	NOUN
fbem-8691	155	48	futures	future	NOUN
fbem-8691	155	49	has	have	VERB
fbem-8691	155	50	a	a	DET
fbem-8691	155	51	weak	weak	ADJ
fbem-8691	155	52	positive	positive	ADJ
fbem-8691	155	53	impact	impact	NOUN
fbem-8691	155	54	on	on	ADP
fbem-8691	155	55	the	the	DET
fbem-8691	155	56	change	change	NOUN
fbem-8691	155	57	in	in	ADP
fbem-8691	155	58	steam	steam	NOUN
fbem-8691	155	59	coal	coal	NOUN
fbem-8691	155	60	prices	price	NOUN
fbem-8691	155	61	,	,	PUNCT
fbem-8691	155	62	which	which	PRON
fbem-8691	155	63	fades	fade	VERB
fbem-8691	155	64	away	away	ADV
fbem-8691	155	65	after	after	ADP
fbem-8691	155	66	the	the	DET
fbem-8691	155	67	second	second	ADJ
fbem-8691	155	68	period	period	NOUN
fbem-8691	155	69	.	.	PUNCT
fbem-8691	156	1	the	the	DET
fbem-8691	156	2	change	change	NOUN
fbem-8691	156	3	in	in	ADP
fbem-8691	156	4	the	the	DET
fbem-8691	156	5	nanhua	nanhua	PROPN
fbem-8691	156	6	composite	composite	ADJ
fbem-8691	156	7	index	index	NOUN
fbem-8691	156	8	will	will	AUX
fbem-8691	156	9	have	have	VERB
fbem-8691	156	10	a	a	DET
fbem-8691	156	11	greater	great	ADJ
fbem-8691	156	12	impact	impact	NOUN
fbem-8691	156	13	,	,	PUNCT
fbem-8691	156	14	which	which	PRON
fbem-8691	156	15	is	be	AUX
fbem-8691	156	16	a	a	DET
fbem-8691	156	17	negative	negative	ADJ
fbem-8691	156	18	one	one	NOUN
fbem-8691	156	19	and	and	CCONJ
fbem-8691	156	20	it	it	PRON
fbem-8691	156	21	lasts	last	VERB
fbem-8691	156	22	longer	long	ADV
fbem-8691	156	23	and	and	CCONJ
fbem-8691	156	24	starts	start	VERB
fbem-8691	156	25	to	to	PART
fbem-8691	156	26	converge	converge	VERB
fbem-8691	156	27	to	to	ADP
fbem-8691	156	28	zero	zero	NUM
fbem-8691	156	29	after	after	ADP
fbem-8691	156	30	the	the	DET
fbem-8691	156	31	sixth	sixth	ADJ
fbem-8691	156	32	period	period	NOUN
fbem-8691	156	33	.	.	PUNCT
fbem-8691	157	1	both	both	DET
fbem-8691	157	2	change	change	NOUN
fbem-8691	157	3	of	of	ADP
fbem-8691	157	4	nanhua	nanhua	PROPN
fbem-8691	157	5	steam	steam	NOUN
fbem-8691	157	6	coal	coal	NOUN
fbem-8691	157	7	index	index	NOUN
fbem-8691	157	8	and	and	CCONJ
fbem-8691	157	9	nanhua	nanhua	PROPN
fbem-8691	157	10	industrial	industrial	PROPN
fbem-8691	157	11	products	product	NOUN
fbem-8691	157	12	index	index	NOUN
fbem-8691	157	13	have	have	VERB
fbem-8691	157	14	a	a	DET
fbem-8691	157	15	positive	positive	ADJ
fbem-8691	157	16	impact	impact	NOUN
fbem-8691	157	17	on	on	ADP
fbem-8691	157	18	the	the	DET
fbem-8691	157	19	change	change	NOUN
fbem-8691	157	20	of	of	ADP
fbem-8691	157	21	steam	steam	NOUN
fbem-8691	157	22	coal	coal	NOUN
fbem-8691	157	23	price	price	NOUN
fbem-8691	157	24	,	,	PUNCT
fbem-8691	157	25	the	the	DET
fbem-8691	157	26	difference	difference	NOUN
fbem-8691	157	27	is	be	AUX
fbem-8691	157	28	that	that	SCONJ
fbem-8691	157	29	the	the	DET
fbem-8691	157	30	former	former	ADJ
fbem-8691	157	31	reaches	reach	VERB
fbem-8691	157	32	its	its	PRON
fbem-8691	157	33	maximum	maximum	NOUN
fbem-8691	157	34	in	in	ADP
fbem-8691	157	35	the	the	DET
fbem-8691	157	36	first	first	ADJ
fbem-8691	157	37	period	period	NOUN
fbem-8691	157	38	and	and	CCONJ
fbem-8691	157	39	fades	fade	VERB
fbem-8691	157	40	away	away	ADV
fbem-8691	157	41	in	in	ADP
fbem-8691	157	42	the	the	DET
fbem-8691	157	43	third	third	ADJ
fbem-8691	157	44	period	period	NOUN
fbem-8691	157	45	,	,	PUNCT
fbem-8691	157	46	while	while	SCONJ
fbem-8691	157	47	the	the	DET
fbem-8691	157	48	latter	latter	NOUN
fbem-8691	157	49	reaches	reach	VERB
fbem-8691	157	50	its	its	PRON
fbem-8691	157	51	maximum	maximum	NOUN
fbem-8691	157	52	in	in	ADP
fbem-8691	157	53	the	the	DET
fbem-8691	157	54	second	second	ADJ
fbem-8691	157	55	period	period	NOUN
fbem-8691	157	56	and	and	CCONJ
fbem-8691	157	57	tends	tend	VERB
fbem-8691	157	58	to	to	ADP
fbem-8691	157	59	the	the	DET
fbem-8691	157	60	y=0	y=0	NOUN
fbem-8691	157	61	axis	axis	NOUN
fbem-8691	157	62	only	only	ADV
fbem-8691	157	63	after	after	ADP
fbem-8691	157	64	the	the	DET
fbem-8691	157	65	sixth	sixth	ADJ
fbem-8691	157	66	period	period	NOUN
fbem-8691	157	67	.	.	PUNCT
fbem-8691	158	1	in	in	ADP
fbem-8691	158	2	terms	term	NOUN
fbem-8691	158	3	of	of	ADP
fbem-8691	158	4	economic	economic	ADJ
fbem-8691	158	5	environment	environment	NOUN
fbem-8691	158	6	,	,	PUNCT
fbem-8691	158	7	the	the	DET
fbem-8691	158	8	negative	negative	ADJ
fbem-8691	158	9	impact	impact	NOUN
fbem-8691	158	10	of	of	ADP
fbem-8691	158	11	the	the	DET
fbem-8691	158	12	change	change	NOUN
fbem-8691	158	13	in	in	ADP
fbem-8691	158	14	the	the	DET
fbem-8691	158	15	us	us	PROPN
fbem-8691	158	16	dollar	dollar	NOUN
fbem-8691	158	17	index	index	NOUN
fbem-8691	158	18	on	on	ADP
fbem-8691	158	19	the	the	DET
fbem-8691	158	20	change	change	NOUN
fbem-8691	158	21	in	in	ADP
fbem-8691	158	22	the	the	DET
fbem-8691	158	23	price	price	NOUN
fbem-8691	158	24	of	of	ADP
fbem-8691	158	25	steam	steam	NOUN
fbem-8691	158	26	coal	coal	NOUN
fbem-8691	158	27	is	be	AUX
fbem-8691	158	28	great	great	ADJ
fbem-8691	158	29	,	,	PUNCT
fbem-8691	158	30	reaching	reach	VERB
fbem-8691	158	31	a	a	DET
fbem-8691	158	32	maximum	maximum	NOUN
fbem-8691	158	33	in	in	ADP
fbem-8691	158	34	the	the	DET
fbem-8691	158	35	first	first	ADJ
fbem-8691	158	36	period	period	NOUN
fbem-8691	158	37	and	and	CCONJ
fbem-8691	158	38	tending	tend	VERB
fbem-8691	158	39	to	to	ADP
fbem-8691	158	40	0	0	NUM
fbem-8691	158	41	after	after	ADP
fbem-8691	158	42	the	the	DET
fbem-8691	158	43	sixth	sixth	ADJ
fbem-8691	158	44	period	period	NOUN
fbem-8691	158	45	,	,	PUNCT
fbem-8691	158	46	the	the	DET
fbem-8691	158	47	change	change	NOUN
fbem-8691	158	48	in	in	ADP
fbem-8691	158	49	the	the	DET
fbem-8691	158	50	exchange	exchange	NOUN
fbem-8691	158	51	rate	rate	NOUN
fbem-8691	158	52	has	have	VERB
fbem-8691	158	53	the	the	DET
fbem-8691	158	54	greatest	great	ADJ
fbem-8691	158	55	impact	impact	NOUN
fbem-8691	158	56	on	on	ADP
fbem-8691	158	57	the	the	DET
fbem-8691	158	58	change	change	NOUN
fbem-8691	158	59	in	in	ADP
fbem-8691	158	60	the	the	DET
fbem-8691	158	61	price	price	NOUN
fbem-8691	158	62	of	of	ADP
fbem-8691	158	63	steam	steam	NOUN
fbem-8691	158	64	coal	coal	NOUN
fbem-8691	158	65	,	,	PUNCT
fbem-8691	158	66	with	with	ADP
fbem-8691	158	67	a	a	DET
fbem-8691	158	68	negative	negative	ADJ
fbem-8691	158	69	impact	impact	NOUN
fbem-8691	158	70	close	close	ADV
fbem-8691	158	71	to	to	ADP
fbem-8691	158	72	-0.4	-0.4	NUM
fbem-8691	158	73	in	in	ADP
fbem-8691	158	74	the	the	DET
fbem-8691	158	75	first	first	ADJ
fbem-8691	158	76	period	period	NOUN
fbem-8691	158	77	and	and	CCONJ
fbem-8691	158	78	reaching	reach	VERB
fbem-8691	158	79	a	a	DET
fbem-8691	158	80	peak	peak	NOUN
fbem-8691	158	81	in	in	ADP
fbem-8691	158	82	the	the	DET
fbem-8691	158	83	second	second	ADJ
fbem-8691	158	84	period	period	NOUN
fbem-8691	158	85	,	,	PUNCT
fbem-8691	158	86	after	after	ADP
fbem-8691	158	87	which	which	PRON
fbem-8691	158	88	the	the	DET
fbem-8691	158	89	impact	impact	NOUN
fbem-8691	158	90	gradually	gradually	ADV
fbem-8691	158	91	disappears	disappear	VERB
fbem-8691	158	92	as	as	ADP
fbem-8691	158	93	the	the	DET
fbem-8691	158	94	number	number	NOUN
fbem-8691	158	95	of	of	ADP
fbem-8691	158	96	periods	period	NOUN
fbem-8691	158	97	increases	increase	NOUN
fbem-8691	158	98	.	.	PUNCT
fbem-8691	159	1	briefly	briefly	ADV
fbem-8691	159	2	,	,	PUNCT
fbem-8691	159	3	during	during	ADP
fbem-8691	159	4	this	this	DET
fbem-8691	159	5	period	period	NOUN
fbem-8691	159	6	,	,	PUNCT
fbem-8691	159	7	the	the	DET
fbem-8691	159	8	impact	impact	NOUN
fbem-8691	159	9	situations	situation	NOUN
fbem-8691	159	10	of	of	ADP
fbem-8691	159	11	financial	financial	ADJ
fbem-8691	159	12	factor	factor	NOUN
fbem-8691	159	13	changes	change	NOUN
fbem-8691	159	14	after	after	SCONJ
fbem-8691	159	15	the	the	DET
fbem-8691	159	16	shock	shock	NOUN
fbem-8691	159	17	are	be	AUX
fbem-8691	159	18	mostly	mostly	ADV
fbem-8691	159	19	long	long	ADJ
fbem-8691	159	20	-	-	PUNCT
fbem-8691	159	21	term	term	NOUN
fbem-8691	159	22	impact	impact	NOUN
fbem-8691	159	23	and	and	CCONJ
fbem-8691	159	24	the	the	DET
fbem-8691	159	25	degree	degree	NOUN
fbem-8691	159	26	of	of	ADP
fbem-8691	159	27	impact	impact	NOUN
fbem-8691	159	28	is	be	AUX
fbem-8691	159	29	larger	large	ADJ
fbem-8691	159	30	.	.	PUNCT
fbem-8691	160	1	at	at	ADP
fbem-8691	160	2	this	this	DET
fbem-8691	160	3	time	time	NOUN
fbem-8691	160	4	,	,	PUNCT
fbem-8691	160	5	the	the	DET
fbem-8691	160	6	factors	factor	NOUN
fbem-8691	160	7	that	that	PRON
fbem-8691	160	8	cause	cause	VERB
fbem-8691	160	9	a	a	DET
fbem-8691	160	10	positive	positive	ADJ
fbem-8691	160	11	impact	impact	NOUN
fbem-8691	160	12	include	include	VERB
fbem-8691	160	13	:	:	PUNCT
fbem-8691	160	14	the	the	DET
fbem-8691	160	15	change	change	NOUN
fbem-8691	160	16	of	of	ADP
fbem-8691	160	17	steam	steam	NOUN
fbem-8691	160	18	coal	coal	NOUN
fbem-8691	160	19	futures	future	NOUN
fbem-8691	160	20	closing	closing	NOUN
fbem-8691	160	21	price	price	NOUN
fbem-8691	160	22	,	,	PUNCT
fbem-8691	160	23	the	the	DET
fbem-8691	160	24	change	change	NOUN
fbem-8691	160	25	of	of	ADP
fbem-8691	160	26	nanhua	nanhua	PROPN
fbem-8691	160	27	steam	steam	PROPN
fbem-8691	160	28	coal	coal	NOUN
fbem-8691	160	29	index	index	NOUN
fbem-8691	160	30	,	,	PUNCT
fbem-8691	160	31	the	the	DET
fbem-8691	160	32	change	change	NOUN
fbem-8691	160	33	of	of	ADP
fbem-8691	160	34	nanhua	nanhua	PROPN
fbem-8691	160	35	industrial	industrial	PROPN
fbem-8691	160	36	products	product	NOUN
fbem-8691	160	37	index	index	NOUN
fbem-8691	160	38	.	.	PUNCT
fbem-8691	161	1	the	the	DET
fbem-8691	161	2	factors	factor	NOUN
fbem-8691	161	3	that	that	PRON
fbem-8691	161	4	cause	cause	VERB
fbem-8691	161	5	a	a	DET
fbem-8691	161	6	negative	negative	ADJ
fbem-8691	161	7	impact	impact	NOUN
fbem-8691	161	8	include	include	VERB
fbem-8691	161	9	:	:	PUNCT
fbem-8691	161	10	the	the	DET
fbem-8691	161	11	change	change	NOUN
fbem-8691	161	12	of	of	ADP
fbem-8691	161	13	us	us	PROPN
fbem-8691	161	14	dollar	dollar	NOUN
fbem-8691	161	15	index	index	NOUN
fbem-8691	161	16	,	,	PUNCT
fbem-8691	161	17	the	the	DET
fbem-8691	161	18	change	change	NOUN
fbem-8691	161	19	of	of	ADP
fbem-8691	161	20	exchange	exchange	NOUN
fbem-8691	161	21	rate	rate	NOUN
fbem-8691	161	22	,	,	PUNCT
fbem-8691	161	23	the	the	DET
fbem-8691	161	24	change	change	NOUN
fbem-8691	161	25	of	of	ADP
fbem-8691	161	26	nanhua	nanhua	PROPN
fbem-8691	161	27	composite	composite	PROPN
fbem-8691	161	28	index	index	NOUN
fbem-8691	161	29	.	.	PUNCT
fbem-8691	162	1	figure	figure	VERB
fbem-8691	162	2	6	6	NUM
fbem-8691	162	3	.	.	PUNCT
fbem-8691	163	1	impulse	impulse	ADJ
fbem-8691	163	2	response	response	NOUN
fbem-8691	163	3	plot	plot	NOUN
fbem-8691	163	4	of	of	ADP
fbem-8691	163	5	each	each	DET
fbem-8691	163	6	factor	factor	NOUN
fbem-8691	163	7	on	on	ADP
fbem-8691	163	8	dlncoal	dlncoal	NOUN
fbem-8691	163	9	from	from	ADP
fbem-8691	163	10	2021	2021	NUM
fbem-8691	163	11	to	to	ADP
fbem-8691	163	12	2022	2022	NUM
fbem-8691	163	13	comparing	compare	VERB
fbem-8691	163	14	figure	figure	NOUN
fbem-8691	163	15	5	5	NUM
fbem-8691	163	16	and	and	CCONJ
fbem-8691	163	17	figure	figure	VERB
fbem-8691	163	18	6	6	NUM
fbem-8691	163	19	,	,	PUNCT
fbem-8691	163	20	it	it	PRON
fbem-8691	163	21	is	be	AUX
fbem-8691	163	22	easy	easy	ADJ
fbem-8691	163	23	to	to	PART
fbem-8691	163	24	find	find	VERB
fbem-8691	163	25	that	that	SCONJ
fbem-8691	163	26	from	from	ADP
fbem-8691	163	27	2021	2021	NUM
fbem-8691	163	28	onwards	onward	NOUN
fbem-8691	163	29	,	,	PUNCT
fbem-8691	163	30	the	the	DET
fbem-8691	163	31	impact	impact	NOUN
fbem-8691	163	32	of	of	ADP
fbem-8691	163	33	financial	financial	ADJ
fbem-8691	163	34	factor	factor	NOUN
fbem-8691	163	35	changes	change	NOUN
fbem-8691	163	36	caused	cause	VERB
fbem-8691	163	37	by	by	ADP
fbem-8691	163	38	external	external	ADJ
fbem-8691	163	39	macro	macro	ADJ
fbem-8691	163	40	environment	environment	NOUN
fbem-8691	163	41	shocks	shock	VERB
fbem-8691	163	42	on	on	ADP
fbem-8691	163	43	steam	steam	NOUN
fbem-8691	163	44	coal	coal	NOUN
fbem-8691	163	45	price	price	NOUN
fbem-8691	163	46	changes	change	NOUN
fbem-8691	163	47	has	have	AUX
fbem-8691	163	48	shifted	shift	VERB
fbem-8691	163	49	dramatically	dramatically	ADV
fbem-8691	163	50	.	.	PUNCT
fbem-8691	164	1	first	first	ADV
fbem-8691	164	2	,	,	PUNCT
fbem-8691	164	3	the	the	DET
fbem-8691	164	4	impact	impact	NOUN
fbem-8691	164	5	of	of	ADP
fbem-8691	164	6	the	the	DET
fbem-8691	164	7	shock	shock	NOUN
fbem-8691	164	8	lasts	last	VERB
fbem-8691	164	9	longer	long	ADV
fbem-8691	164	10	and	and	CCONJ
fbem-8691	164	11	becomes	become	VERB
fbem-8691	164	12	deeper	deep	ADJ
fbem-8691	164	13	,	,	PUNCT
fbem-8691	164	14	i.e.	i.e.	X
fbem-8691	164	15	,	,	PUNCT
fbem-8691	164	16	it	it	PRON
fbem-8691	164	17	changes	change	VERB
fbem-8691	164	18	from	from	ADP
fbem-8691	164	19	a	a	DET
fbem-8691	164	20	short	short	ADJ
fbem-8691	164	21	-	-	PUNCT
fbem-8691	164	22	term	term	NOUN
fbem-8691	164	23	impact	impact	NOUN
fbem-8691	164	24	to	to	ADP
fbem-8691	164	25	a	a	DET
fbem-8691	164	26	long	long	ADJ
fbem-8691	164	27	-	-	PUNCT
fbem-8691	164	28	term	term	NOUN
fbem-8691	164	29	impact	impact	NOUN
fbem-8691	164	30	.	.	PUNCT
fbem-8691	165	1	second	second	ADJ
fbem-8691	165	2	,	,	PUNCT
fbem-8691	165	3	the	the	DET
fbem-8691	165	4	impact	impact	NOUN
fbem-8691	165	5	caused	cause	VERB
fbem-8691	165	6	by	by	ADP
fbem-8691	165	7	the	the	DET
fbem-8691	165	8	change	change	NOUN
fbem-8691	165	9	of	of	ADP
fbem-8691	165	10	the	the	DET
fbem-8691	165	11	dollar	dollar	NOUN
fbem-8691	165	12	index	index	NOUN
fbem-8691	165	13	is	be	AUX
fbem-8691	165	14	positive	positive	ADJ
fbem-8691	165	15	from	from	ADP
fbem-8691	165	16	2016	2016	NUM
fbem-8691	165	17	to	to	ADP
fbem-8691	165	18	2020	2020	NUM
fbem-8691	165	19	and	and	CCONJ
fbem-8691	165	20	negative	negative	ADJ
fbem-8691	165	21	from	from	ADP
fbem-8691	165	22	2021	2021	NUM
fbem-8691	165	23	onwards	onward	NOUN
fbem-8691	165	24	,	,	PUNCT
fbem-8691	165	25	while	while	SCONJ
fbem-8691	165	26	the	the	DET
fbem-8691	165	27	impact	impact	NOUN
fbem-8691	165	28	caused	cause	VERB
fbem-8691	165	29	by	by	ADP
fbem-8691	165	30	the	the	DET
fbem-8691	165	31	steam	steam	NOUN
fbem-8691	165	32	coal	coal	NOUN
fbem-8691	165	33	futures	future	NOUN
fbem-8691	165	34	closing	closing	NOUN
fbem-8691	165	35	price	price	NOUN
fbem-8691	165	36	is	be	AUX
fbem-8691	165	37	negative	negative	ADJ
fbem-8691	165	38	from	from	ADP
fbem-8691	165	39	2016	2016	NUM
fbem-8691	165	40	to	to	ADP
fbem-8691	165	41	2020	2020	NUM
fbem-8691	165	42	and	and	CCONJ
fbem-8691	165	43	positive	positive	ADJ
fbem-8691	165	44	from	from	ADP
fbem-8691	165	45	2021	2021	NUM
fbem-8691	165	46	onwards	onward	NOUN
fbem-8691	165	47	.	.	PUNCT
fbem-8691	166	1	3.8	3.8	NUM
fbem-8691	166	2	.	.	PUNCT
fbem-8691	166	3	variance	variance	NOUN
fbem-8691	166	4	decomposition	decomposition	NOUN
fbem-8691	166	5	analysis	analysis	NOUN
fbem-8691	166	6	the	the	DET
fbem-8691	166	7	variance	variance	NOUN
fbem-8691	166	8	decomposition	decomposition	NOUN
fbem-8691	166	9	,	,	PUNCT
fbem-8691	166	10	which	which	PRON
fbem-8691	166	11	explains	explain	VERB
fbem-8691	166	12	the	the	DET
fbem-8691	166	13	importance	importance	NOUN
fbem-8691	166	14	of	of	ADP
fbem-8691	166	15	one	one	NUM
fbem-8691	166	16	variable	variable	NOUN
fbem-8691	166	17	over	over	ADP
fbem-8691	166	18	another	another	PRON
fbem-8691	166	19	,	,	PUNCT
fbem-8691	166	20	is	be	AUX
fbem-8691	166	21	often	often	ADV
fbem-8691	166	22	used	use	VERB
fbem-8691	166	23	when	when	SCONJ
fbem-8691	166	24	discussing	discuss	VERB
fbem-8691	166	25	what	what	PRON
fbem-8691	166	26	kinds	kind	NOUN
fbem-8691	166	27	of	of	ADP
fbem-8691	166	28	variables	variable	NOUN
fbem-8691	166	29	one	one	NUM
fbem-8691	166	30	variable	variable	NOUN
fbem-8691	166	31	is	be	AUX
fbem-8691	166	32	affected	affect	VERB
fbem-8691	166	33	by	by	ADP
fbem-8691	166	34	in	in	ADP
fbem-8691	166	35	addition	addition	NOUN
fbem-8691	166	36	to	to	ADP
fbem-8691	166	37	its	its	PRON
fbem-8691	166	38	own	own	ADJ
fbem-8691	166	39	variation	variation	NOUN
fbem-8691	166	40	over	over	ADP
fbem-8691	166	41	a	a	DET
fbem-8691	166	42	time	time	NOUN
fbem-8691	166	43	interval	interval	NOUN
fbem-8691	166	44	.	.	PUNCT
fbem-8691	167	1	this	this	DET
fbem-8691	167	2	section	section	NOUN
fbem-8691	167	3	continues	continue	VERB
fbem-8691	167	4	the	the	DET
fbem-8691	167	5	study	study	NOUN
fbem-8691	167	6	chosen	choose	VERB
fbem-8691	167	7	in	in	ADP
fbem-8691	167	8	the	the	DET
fbem-8691	167	9	previous	previous	ADJ
fbem-8691	167	10	section	section	NOUN
fbem-8691	167	11	and	and	CCONJ
fbem-8691	167	12	sets	set	VERB
fbem-8691	167	13	the	the	DET
fbem-8691	167	14	vertical	vertical	ADJ
fbem-8691	167	15	axis	axis	NOUN
fbem-8691	167	16	scale	scale	NOUN
fbem-8691	167	17	from	from	ADP
fbem-8691	167	18	0	0	NUM
fbem-8691	167	19	to	to	ADP
fbem-8691	167	20	0.015	0.015	NUM
fbem-8691	167	21	.	.	PUNCT
fbem-8691	168	1	according	accord	VERB
fbem-8691	168	2	to	to	ADP
fbem-8691	168	3	table	table	NOUN
fbem-8691	168	4	11	11	NUM
fbem-8691	168	5	,	,	PUNCT
fbem-8691	168	6	it	it	PRON
fbem-8691	168	7	can	can	AUX
fbem-8691	168	8	be	be	AUX
fbem-8691	168	9	seen	see	VERB
fbem-8691	168	10	that	that	SCONJ
fbem-8691	168	11	:	:	PUNCT
fbem-8691	168	12	in	in	ADP
fbem-8691	168	13	the	the	DET
fbem-8691	168	14	time	time	NOUN
fbem-8691	168	15	period	period	NOUN
fbem-8691	168	16	from	from	ADP
fbem-8691	168	17	2016	2016	NUM
fbem-8691	168	18	to	to	ADP
fbem-8691	168	19	2020	2020	NUM
fbem-8691	168	20	,	,	PUNCT
fbem-8691	168	21	from	from	ADP
fbem-8691	168	22	the	the	DET
fbem-8691	168	23	futures	future	NOUN
fbem-8691	168	24	market	market	NOUN
fbem-8691	168	25	perspective	perspective	NOUN
fbem-8691	168	26	,	,	PUNCT
fbem-8691	168	27	the	the	DET
fbem-8691	168	28	variance	variance	NOUN
fbem-8691	168	29	contribution	contribution	NOUN
fbem-8691	168	30	of	of	ADP
fbem-8691	168	31	the	the	DET
fbem-8691	168	32	changes	change	NOUN
fbem-8691	168	33	in	in	ADP
fbem-8691	168	34	the	the	DET
fbem-8691	168	35	nanhua	nanhua	PROPN
fbem-8691	168	36	indices	index	NOUN
fbem-8691	168	37	and	and	CCONJ
fbem-8691	168	38	the	the	DET
fbem-8691	168	39	changes	change	NOUN
fbem-8691	168	40	in	in	ADP
fbem-8691	168	41	the	the	DET
fbem-8691	168	42	closing	closing	NOUN
fbem-8691	168	43	price	price	NOUN
fbem-8691	168	44	of	of	ADP
fbem-8691	168	45	steam	steam	NOUN
fbem-8691	168	46	coal	coal	NOUN
fbem-8691	168	47	futures	future	NOUN
fbem-8691	168	48	to	to	ADP
fbem-8691	168	49	the	the	DET
fbem-8691	168	50	changes	change	NOUN
fbem-8691	168	51	in	in	ADP
fbem-8691	168	52	steam	steam	NOUN
fbem-8691	168	53	coal	coal	NOUN
fbem-8691	168	54	prices	price	NOUN
fbem-8691	168	55	is	be	AUX
fbem-8691	168	56	generally	generally	ADV
fbem-8691	168	57	less	less	ADJ
fbem-8691	168	58	than	than	ADP
fbem-8691	168	59	1	1	NUM
fbem-8691	168	60	%	%	NOUN
fbem-8691	168	61	and	and	CCONJ
fbem-8691	168	62	remains	remain	VERB
fbem-8691	168	63	stable	stable	ADJ
fbem-8691	168	64	with	with	ADP
fbem-8691	168	65	the	the	DET
fbem-8691	168	66	growth	growth	NOUN
fbem-8691	168	67	of	of	ADP
fbem-8691	168	68	the	the	DET
fbem-8691	168	69	number	number	NOUN
fbem-8691	168	70	of	of	ADP
fbem-8691	168	71	periods	period	NOUN
fbem-8691	168	72	,	,	PUNCT
fbem-8691	168	73	where	where	SCONJ
fbem-8691	168	74	the	the	DET
fbem-8691	168	75	highest	high	ADJ
fbem-8691	168	76	contribution	contribution	NOUN
fbem-8691	168	77	comes	come	VERB
fbem-8691	168	78	from	from	ADP
fbem-8691	168	79	the	the	DET
fbem-8691	168	80	changes	change	NOUN
fbem-8691	168	81	in	in	ADP
fbem-8691	168	82	the	the	DET
fbem-8691	168	83	closing	closing	NOUN
fbem-8691	168	84	price	price	NOUN
fbem-8691	168	85	of	of	ADP
fbem-8691	168	86	steam	steam	NOUN
fbem-8691	168	87	coal	coal	NOUN
fbem-8691	168	88	futures	future	NOUN
fbem-8691	168	89	,	,	PUNCT
fbem-8691	168	90	which	which	PRON
fbem-8691	168	91	is	be	AUX
fbem-8691	168	92	stable	stable	ADJ
fbem-8691	168	93	at	at	ADP
fbem-8691	168	94	around	around	ADV
fbem-8691	168	95	0.712	0.712	NUM
fbem-8691	168	96	%	%	NOUN
fbem-8691	168	97	in	in	ADP
fbem-8691	168	98	the	the	DET
fbem-8691	168	99	fifth	fifth	ADJ
fbem-8691	168	100	period	period	NOUN
fbem-8691	168	101	and	and	CCONJ
fbem-8691	168	102	beyond	beyond	ADP
fbem-8691	168	103	.	.	PUNCT
fbem-8691	169	1	the	the	DET
fbem-8691	169	2	lowest	low	ADJ
fbem-8691	169	3	comes	come	VERB
fbem-8691	169	4	from	from	ADP
fbem-8691	169	5	the	the	DET
fbem-8691	169	6	nanhua	nanhua	PROPN
fbem-8691	169	7	industrial	industrial	PROPN
fbem-8691	169	8	products	product	NOUN
fbem-8691	169	9	index	index	NOUN
fbem-8691	169	10	,	,	PUNCT
fbem-8691	169	11	which	which	PRON
fbem-8691	169	12	is	be	AUX
fbem-8691	169	13	stable	stable	ADJ
fbem-8691	169	14	at	at	ADP
fbem-8691	169	15	around	around	ADP
fbem-8691	169	16	0.111	0.111	NUM
fbem-8691	169	17	%	%	NOUN
fbem-8691	169	18	.	.	PUNCT
fbem-8691	170	1	from	from	ADP
fbem-8691	170	2	the	the	DET
fbem-8691	170	3	economic	economic	ADJ
fbem-8691	170	4	environment	environment	NOUN
fbem-8691	170	5	perspective	perspective	NOUN
fbem-8691	170	6	,	,	PUNCT
fbem-8691	170	7	the	the	DET
fbem-8691	170	8	contribution	contribution	NOUN
fbem-8691	170	9	of	of	ADP
fbem-8691	170	10	exchange	exchange	NOUN
fbem-8691	170	11	rate	rate	NOUN
fbem-8691	170	12	changes	change	NOUN
fbem-8691	170	13	and	and	CCONJ
fbem-8691	170	14	changes	change	NOUN
fbem-8691	170	15	in	in	ADP
fbem-8691	170	16	the	the	DET
fbem-8691	170	17	dollar	dollar	NOUN
fbem-8691	170	18	index	index	NOUN
fbem-8691	170	19	is	be	AUX
fbem-8691	170	20	even	even	ADV
fbem-8691	170	21	smaller	small	ADJ
fbem-8691	170	22	,	,	PUNCT
fbem-8691	170	23	with	with	ADP
fbem-8691	170	24	the	the	DET
fbem-8691	170	25	dollar	dollar	NOUN
fbem-8691	170	26	index	index	NOUN
fbem-8691	170	27	contributing	contribute	VERB
fbem-8691	170	28	only	only	ADV
fbem-8691	170	29	0.01	0.01	NUM
fbem-8691	170	30	%	%	NOUN
fbem-8691	170	31	.	.	PUNCT
fbem-8691	171	1	briefly	briefly	ADV
fbem-8691	171	2	,	,	PUNCT
fbem-8691	171	3	the	the	DET
fbem-8691	171	4	highest	high	ADJ
fbem-8691	171	5	explanatory	explanatory	ADJ
fbem-8691	171	6	power	power	NOUN
fbem-8691	171	7	of	of	ADP
fbem-8691	171	8	the	the	DET
fbem-8691	171	9	price	price	NOUN
fbem-8691	171	10	change	change	NOUN
fbem-8691	171	11	of	of	ADP
fbem-8691	171	12	steam	steam	NOUN
fbem-8691	171	13	coal	coal	NOUN
fbem-8691	171	14	during	during	ADP
fbem-8691	171	15	this	this	DET
fbem-8691	171	16	period	period	NOUN
fbem-8691	171	17	is	be	AUX
fbem-8691	171	18	still	still	ADV
fbem-8691	171	19	itself	itself	PRON
fbem-8691	171	20	,	,	PUNCT
fbem-8691	171	21	other	other	ADJ
fbem-8691	171	22	financial	financial	ADJ
fbem-8691	171	23	factors	factor	NOUN
fbem-8691	171	24	can	can	AUX
fbem-8691	171	25	cause	cause	VERB
fbem-8691	171	26	some	some	DET
fbem-8691	171	27	impact	impact	NOUN
fbem-8691	171	28	,	,	PUNCT
fbem-8691	171	29	but	but	CCONJ
fbem-8691	171	30	not	not	PART
fbem-8691	171	31	so	so	ADV
fbem-8691	171	32	obvious	obvious	ADJ
fbem-8691	171	33	comparatively	comparatively	ADV
fbem-8691	171	34	.	.	PUNCT
fbem-8691	172	1	265	265	NUM
fbem-8691	172	2	table	table	NOUN
fbem-8691	172	3	11	11	NUM
fbem-8691	172	4	.	.	PUNCT
fbem-8691	172	5	variance	variance	NOUN
fbem-8691	172	6	decomposition	decomposition	NOUN
fbem-8691	172	7	of	of	ADP
fbem-8691	172	8	each	each	DET
fbem-8691	172	9	factor	factor	NOUN
fbem-8691	172	10	on	on	ADP
fbem-8691	172	11	dlncoal	dlncoal	NOUN
fbem-8691	172	12	from	from	ADP
fbem-8691	172	13	2016	2016	NUM
fbem-8691	172	14	to	to	ADP
fbem-8691	172	15	2020	2020	NUM
fbem-8691	172	16	σ	σ	NOUN
fbem-8691	172	17	dlncoal%	dlncoal%	PROPN
fbem-8691	172	18	dlnnhcoal%	dlnnhcoal%	PUNCT
fbem-8691	172	19	dlnnh	dlnnh	VERB
fbem-8691	172	20	in	in	ADP
fbem-8691	172	21	-	-	PUNCT
fbem-8691	172	22	dus	dus	NOUN
fbem-8691	172	23	-	-	PUNCT
fbem-8691	172	24	try%	try%	PROPN
fbem-8691	172	25	dlnnhall%	dlnnhall%	NUM
fbem-8691	172	26	dln	dln	NOUN
fbem-8691	172	27	coal	coal	NOUN
fbem-8691	172	28	fu%	fu%	VERB
fbem-8691	172	29	dln	dln	NOUN
fbem-8691	172	30	ex	ex	X
fbem-8691	172	31	rate%	rate%	PUNCT
fbem-8691	172	32	dln	dln	ADJ
fbem-8691	172	33	dindex%	dindex%	NOUN
fbem-8691	172	34	1	1	NUM
fbem-8691	172	35	0.005	0.005	NUM
fbem-8691	172	36	100	100	NUM
fbem-8691	172	37	0	0	NUM
fbem-8691	172	38	0	0	NUM
fbem-8691	172	39	0	0	NUM
fbem-8691	172	40	0	0	NUM
fbem-8691	172	41	0	0	NUM
fbem-8691	172	42	0	0	NUM
fbem-8691	172	43	2	2	NUM
fbem-8691	172	44	0.005	0.005	NUM
fbem-8691	172	45	98.867	98.867	NUM
fbem-8691	172	46	0.685	0.685	NUM
fbem-8691	172	47	0.087	0.087	NUM
fbem-8691	172	48	0.148	0.148	NUM
fbem-8691	172	49	0.156	0.156	NUM
fbem-8691	172	50	0.049	0.049	NUM
fbem-8691	172	51	0.009	0.009	NUM
fbem-8691	172	52	3	3	NUM
fbem-8691	172	53	0.005	0.005	NUM
fbem-8691	172	54	98.759	98.759	NUM
fbem-8691	172	55	0.709	0.709	NUM
fbem-8691	172	56	0.109	0.109	NUM
fbem-8691	172	57	0.17	0.17	NUM
fbem-8691	172	58	0.187	0.187	NUM
fbem-8691	172	59	0.058	0.058	NUM
fbem-8691	172	60	0.01	0.01	NUM
fbem-8691	172	61	4	4	NUM
fbem-8691	172	62	0.005	0.005	NUM
fbem-8691	172	63	98.75	98.75	NUM
fbem-8691	172	64	0.711	0.711	NUM
fbem-8691	172	65	0.11	0.11	NUM
fbem-8691	172	66	0.171	0.171	NUM
fbem-8691	172	67	0.189	0.189	NUM
fbem-8691	172	68	0.059	0.059	NUM
fbem-8691	172	69	0.01	0.01	NUM
fbem-8691	172	70	5	5	NUM
fbem-8691	172	71	0.005	0.005	NUM
fbem-8691	172	72	98.748	98.748	NUM
fbem-8691	172	73	0.712	0.712	NUM
fbem-8691	172	74	0.111	0.111	NUM
fbem-8691	172	75	0.172	0.172	NUM
fbem-8691	172	76	0.189	0.189	NUM
fbem-8691	172	77	0.059	0.059	NUM
fbem-8691	172	78	0.01	0.01	NUM
fbem-8691	172	79	6	6	NUM
fbem-8691	172	80	0.005	0.005	NUM
fbem-8691	172	81	98.748	98.748	NUM
fbem-8691	172	82	0.712	0.712	NUM
fbem-8691	172	83	0.111	0.111	NUM
fbem-8691	172	84	0.172	0.172	NUM
fbem-8691	172	85	0.189	0.189	NUM
fbem-8691	172	86	0.059	0.059	NUM
fbem-8691	172	87	0.01	0.01	NUM
fbem-8691	172	88	7	7	NUM
fbem-8691	172	89	0.005	0.005	NUM
fbem-8691	172	90	98.748	98.748	NUM
fbem-8691	172	91	0.712	0.712	NUM
fbem-8691	172	92	0.111	0.111	NUM
fbem-8691	172	93	0.172	0.172	NUM
fbem-8691	172	94	0.189	0.189	NUM
fbem-8691	172	95	0.059	0.059	NUM
fbem-8691	172	96	0.01	0.01	NUM
fbem-8691	172	97	8	8	NUM
fbem-8691	172	98	0.005	0.005	NUM
fbem-8691	172	99	98.748	98.748	NUM
fbem-8691	172	100	0.712	0.712	NUM
fbem-8691	172	101	0.111	0.111	NUM
fbem-8691	172	102	0.172	0.172	NUM
fbem-8691	172	103	0.189	0.189	NUM
fbem-8691	172	104	0.059	0.059	NUM
fbem-8691	172	105	0.01	0.01	NUM
fbem-8691	172	106	according	accord	VERB
fbem-8691	172	107	to	to	ADP
fbem-8691	172	108	table	table	NOUN
fbem-8691	172	109	12	12	NUM
fbem-8691	172	110	,	,	PUNCT
fbem-8691	172	111	it	it	PRON
fbem-8691	172	112	can	can	AUX
fbem-8691	172	113	be	be	AUX
fbem-8691	172	114	seen	see	VERB
fbem-8691	172	115	that	that	SCONJ
fbem-8691	172	116	:	:	PUNCT
fbem-8691	172	117	in	in	ADP
fbem-8691	172	118	the	the	DET
fbem-8691	172	119	time	time	NOUN
fbem-8691	172	120	period	period	NOUN
fbem-8691	172	121	from	from	ADP
fbem-8691	172	122	2021	2021	NUM
fbem-8691	172	123	to	to	ADP
fbem-8691	172	124	2022	2022	NUM
fbem-8691	172	125	,	,	PUNCT
fbem-8691	172	126	from	from	ADP
fbem-8691	172	127	the	the	DET
fbem-8691	172	128	perspective	perspective	NOUN
fbem-8691	172	129	of	of	ADP
fbem-8691	172	130	futures	future	NOUN
fbem-8691	172	131	market	market	NOUN
fbem-8691	172	132	,	,	PUNCT
fbem-8691	172	133	the	the	DET
fbem-8691	172	134	greatest	great	ADJ
fbem-8691	172	135	explanatory	explanatory	ADJ
fbem-8691	172	136	factor	factor	NOUN
fbem-8691	172	137	for	for	ADP
fbem-8691	172	138	the	the	DET
fbem-8691	172	139	steam	steam	NOUN
fbem-8691	172	140	coal	coal	NOUN
fbem-8691	172	141	price	price	NOUN
fbem-8691	172	142	change	change	NOUN
fbem-8691	172	143	is	be	AUX
fbem-8691	172	144	the	the	DET
fbem-8691	172	145	change	change	NOUN
fbem-8691	172	146	in	in	ADP
fbem-8691	172	147	nanhua	nanhua	PROPN
fbem-8691	172	148	steam	steam	NOUN
fbem-8691	172	149	coal	coal	NOUN
fbem-8691	172	150	index	index	NOUN
fbem-8691	172	151	,	,	PUNCT
fbem-8691	172	152	which	which	PRON
fbem-8691	172	153	has	have	AUX
fbem-8691	172	154	stabilized	stabilize	VERB
fbem-8691	172	155	above	above	ADP
fbem-8691	172	156	7	7	NUM
fbem-8691	172	157	%	%	NOUN
fbem-8691	172	158	in	in	ADP
fbem-8691	172	159	the	the	DET
fbem-8691	172	160	fourth	fourth	ADJ
fbem-8691	172	161	period	period	NOUN
fbem-8691	172	162	and	and	CCONJ
fbem-8691	172	163	beyond	beyond	ADP
fbem-8691	172	164	.	.	PUNCT
fbem-8691	173	1	besides	besides	ADV
fbem-8691	173	2	,	,	PUNCT
fbem-8691	173	3	nanhua	nanhua	PROPN
fbem-8691	173	4	industrial	industrial	ADJ
fbem-8691	173	5	products	product	NOUN
fbem-8691	173	6	index	index	NOUN
fbem-8691	173	7	and	and	CCONJ
fbem-8691	173	8	nanhua	nanhua	PROPN
fbem-8691	173	9	composite	composite	ADJ
fbem-8691	173	10	index	index	NOUN
fbem-8691	173	11	can	can	AUX
fbem-8691	173	12	also	also	ADV
fbem-8691	173	13	explain	explain	VERB
fbem-8691	173	14	the	the	DET
fbem-8691	173	15	tested	test	VERB
fbem-8691	173	16	object	object	NOUN
fbem-8691	173	17	to	to	ADP
fbem-8691	173	18	some	some	DET
fbem-8691	173	19	extent	extent	NOUN
fbem-8691	173	20	.	.	PUNCT
fbem-8691	174	1	from	from	ADP
fbem-8691	174	2	the	the	DET
fbem-8691	174	3	perspective	perspective	NOUN
fbem-8691	174	4	of	of	ADP
fbem-8691	174	5	economic	economic	ADJ
fbem-8691	174	6	environment	environment	NOUN
fbem-8691	174	7	,	,	PUNCT
fbem-8691	174	8	the	the	DET
fbem-8691	174	9	explanatory	explanatory	ADJ
fbem-8691	174	10	power	power	NOUN
fbem-8691	174	11	of	of	ADP
fbem-8691	174	12	the	the	DET
fbem-8691	174	13	exchange	exchange	NOUN
fbem-8691	174	14	rate	rate	NOUN
fbem-8691	174	15	change	change	NOUN
fbem-8691	174	16	and	and	CCONJ
fbem-8691	174	17	the	the	DET
fbem-8691	174	18	change	change	NOUN
fbem-8691	174	19	of	of	ADP
fbem-8691	174	20	the	the	DET
fbem-8691	174	21	us	us	PROPN
fbem-8691	174	22	dollar	dollar	NOUN
fbem-8691	174	23	index	index	NOUN
fbem-8691	174	24	are	be	AUX
fbem-8691	174	25	similar	similar	ADJ
fbem-8691	174	26	,	,	PUNCT
fbem-8691	174	27	both	both	PRON
fbem-8691	174	28	maintaining	maintain	VERB
fbem-8691	174	29	above	above	ADP
fbem-8691	174	30	0.3	0.3	NUM
fbem-8691	174	31	%	%	NOUN
fbem-8691	174	32	at	at	ADP
fbem-8691	174	33	larger	large	ADJ
fbem-8691	174	34	periods	period	NOUN
fbem-8691	174	35	.	.	PUNCT
fbem-8691	175	1	briefly	briefly	ADV
fbem-8691	175	2	,	,	PUNCT
fbem-8691	175	3	during	during	ADP
fbem-8691	175	4	this	this	DET
fbem-8691	175	5	period	period	NOUN
fbem-8691	175	6	,	,	PUNCT
fbem-8691	175	7	the	the	DET
fbem-8691	175	8	higher	high	ADJ
fbem-8691	175	9	explanatory	explanatory	ADJ
fbem-8691	175	10	power	power	NOUN
fbem-8691	175	11	to	to	ADP
fbem-8691	175	12	coal	coal	NOUN
fbem-8691	175	13	price	price	NOUN
fbem-8691	175	14	volatility	volatility	NOUN
fbem-8691	175	15	is	be	AUX
fbem-8691	175	16	shown	show	VERB
fbem-8691	175	17	by	by	ADP
fbem-8691	175	18	itself	itself	PRON
fbem-8691	175	19	as	as	ADV
fbem-8691	175	20	well	well	ADV
fbem-8691	175	21	as	as	ADP
fbem-8691	175	22	the	the	DET
fbem-8691	175	23	nanhua	nanhua	PROPN
fbem-8691	175	24	steam	steam	PROPN
fbem-8691	175	25	coal	coal	NOUN
fbem-8691	175	26	index	index	NOUN
fbem-8691	175	27	,	,	PUNCT
fbem-8691	175	28	compared	compare	VERB
fbem-8691	175	29	with	with	ADP
fbem-8691	175	30	the	the	DET
fbem-8691	175	31	weaker	weak	ADJ
fbem-8691	175	32	influence	influence	NOUN
fbem-8691	175	33	caused	cause	VERB
fbem-8691	175	34	by	by	ADP
fbem-8691	175	35	other	other	ADJ
fbem-8691	175	36	financial	financial	ADJ
fbem-8691	175	37	factors	factor	NOUN
fbem-8691	175	38	.	.	PUNCT
fbem-8691	176	1	table	table	NOUN
fbem-8691	176	2	12	12	NUM
fbem-8691	176	3	.	.	PUNCT
fbem-8691	177	1	variance	variance	NOUN
fbem-8691	177	2	decomposition	decomposition	NOUN
fbem-8691	177	3	of	of	ADP
fbem-8691	177	4	each	each	DET
fbem-8691	177	5	factor	factor	NOUN
fbem-8691	177	6	on	on	ADP
fbem-8691	177	7	dlncoal	dlncoal	NOUN
fbem-8691	177	8	from	from	ADP
fbem-8691	177	9	2021	2021	NUM
fbem-8691	177	10	to	to	ADP
fbem-8691	177	11	2022	2022	NUM
fbem-8691	177	12	σ	σ	PROPN
fbem-8691	177	13	dlncoal%	dlncoal%	PROPN
fbem-8691	177	14	dlnnhcoal%	dlnnhcoal%	PUNCT
fbem-8691	177	15	dlnnh	dlnnh	NOUN
fbem-8691	177	16	in	in	ADP
fbem-8691	177	17	dus	dus	PROPN
fbem-8691	177	18	-	-	PUNCT
fbem-8691	177	19	try%	try%	PROPN
fbem-8691	177	20	dlnnhall%	dlnnhall%	NUM
fbem-8691	177	21	dln	dln	NOUN
fbem-8691	177	22	coal	coal	NOUN
fbem-8691	177	23	fu%	fu%	VERB
fbem-8691	177	24	dln	dln	NOUN
fbem-8691	177	25	ex	ex	X
fbem-8691	177	26	rate%	rate%	PUNCT
fbem-8691	177	27	dln	dln	ADJ
fbem-8691	177	28	dindex%	dindex%	PUNCT
fbem-8691	177	29	1	1	NUM
fbem-8691	177	30	0.018	0.018	NUM
fbem-8691	177	31	100	100	NUM
fbem-8691	177	32	0	0	NUM
fbem-8691	177	33	0	0	NUM
fbem-8691	177	34	0	0	NUM
fbem-8691	177	35	0	0	NUM
fbem-8691	177	36	0	0	NUM
fbem-8691	177	37	0	0	NUM
fbem-8691	177	38	2	2	NUM
fbem-8691	177	39	0.023	0.023	NUM
fbem-8691	177	40	93.59	93.59	NUM
fbem-8691	177	41	5.52	5.52	NUM
fbem-8691	177	42	0.332	0.332	NUM
fbem-8691	177	43	0.138	0.138	NUM
fbem-8691	177	44	0.08	0.08	NUM
fbem-8691	177	45	0.144	0.144	NUM
fbem-8691	177	46	0.196	0.196	NUM
fbem-8691	177	47	3	3	NUM
fbem-8691	177	48	0.024	0.024	NUM
fbem-8691	177	49	91.948	91.948	NUM
fbem-8691	177	50	6.859	6.859	NUM
fbem-8691	177	51	0.329	0.329	NUM
fbem-8691	177	52	0.19	0.19	NUM
fbem-8691	177	53	0.144	0.144	NUM
fbem-8691	177	54	0.257	0.257	NUM
fbem-8691	177	55	0.272	0.272	NUM
fbem-8691	177	56	4	4	NUM
fbem-8691	177	57	0.025	0.025	NUM
fbem-8691	177	58	91.345	91.345	NUM
fbem-8691	177	59	7.335	7.335	NUM
fbem-8691	177	60	0.33	0.33	NUM
fbem-8691	177	61	0.207	0.207	NUM
fbem-8691	177	62	0.162	0.162	NUM
fbem-8691	177	63	0.298	0.298	NUM
fbem-8691	177	64	0.323	0.323	NUM
fbem-8691	177	65	5	5	NUM
fbem-8691	177	66	0.025	0.025	NUM
fbem-8691	177	67	91.122	91.122	NUM
fbem-8691	177	68	7.512	7.512	NUM
fbem-8691	177	69	0.329	0.329	NUM
fbem-8691	177	70	0.214	0.214	NUM
fbem-8691	177	71	0.169	0.169	NUM
fbem-8691	177	72	0.312	0.312	NUM
fbem-8691	177	73	0.341	0.341	NUM
fbem-8691	177	74	6	6	NUM
fbem-8691	177	75	0.025	0.025	NUM
fbem-8691	177	76	91.028	91.028	NUM
fbem-8691	177	77	7.587	7.587	NUM
fbem-8691	177	78	0.329	0.329	NUM
fbem-8691	177	79	0.217	0.217	NUM
fbem-8691	177	80	0.172	0.172	NUM
fbem-8691	177	81	0.318	0.318	NUM
fbem-8691	177	82	0.349	0.349	NUM
fbem-8691	177	83	7	7	NUM
fbem-8691	177	84	0.025	0.025	NUM
fbem-8691	177	85	90.988	90.988	NUM
fbem-8691	177	86	7.619	7.619	NUM
fbem-8691	177	87	0.329	0.329	NUM
fbem-8691	177	88	0.218	0.218	NUM
fbem-8691	177	89	0.173	0.173	NUM
fbem-8691	177	90	0.321	0.321	NUM
fbem-8691	177	91	0.352	0.352	NUM
fbem-8691	177	92	8	8	NUM
fbem-8691	177	93	0.025	0.025	NUM
fbem-8691	177	94	90.971	90.971	NUM
fbem-8691	177	95	7.632	7.632	NUM
fbem-8691	177	96	0.329	0.329	NUM
fbem-8691	177	97	0.218	0.218	NUM
fbem-8691	177	98	0.174	0.174	NUM
fbem-8691	177	99	0.322	0.322	NUM
fbem-8691	177	100	0.353	0.353	NUM
fbem-8691	177	101	comparing	compare	VERB
fbem-8691	177	102	tables	table	NOUN
fbem-8691	177	103	11	11	NUM
fbem-8691	177	104	and	and	CCONJ
fbem-8691	177	105	12	12	NUM
fbem-8691	177	106	,	,	PUNCT
fbem-8691	177	107	it	it	PRON
fbem-8691	177	108	can	can	AUX
fbem-8691	177	109	be	be	AUX
fbem-8691	177	110	seen	see	VERB
fbem-8691	177	111	that	that	SCONJ
fbem-8691	177	112	there	there	PRON
fbem-8691	177	113	is	be	VERB
fbem-8691	177	114	a	a	DET
fbem-8691	177	115	significant	significant	ADJ
fbem-8691	177	116	change	change	NOUN
fbem-8691	177	117	in	in	ADP
fbem-8691	177	118	the	the	DET
fbem-8691	177	119	explanatory	explanatory	ADJ
fbem-8691	177	120	power	power	NOUN
fbem-8691	177	121	of	of	ADP
fbem-8691	177	122	financial	financial	ADJ
fbem-8691	177	123	factor	factor	NOUN
fbem-8691	177	124	changes	change	NOUN
fbem-8691	177	125	for	for	ADP
fbem-8691	177	126	steam	steam	NOUN
fbem-8691	177	127	coal	coal	NOUN
fbem-8691	177	128	price	price	NOUN
fbem-8691	177	129	changes	change	NOUN
fbem-8691	177	130	from	from	ADP
fbem-8691	177	131	2021	2021	NUM
fbem-8691	177	132	onwards	onward	NOUN
fbem-8691	177	133	.	.	PUNCT
fbem-8691	178	1	first	first	ADV
fbem-8691	178	2	,	,	PUNCT
fbem-8691	178	3	the	the	DET
fbem-8691	178	4	explanatory	explanatory	ADJ
fbem-8691	178	5	ability	ability	NOUN
fbem-8691	178	6	of	of	ADP
fbem-8691	178	7	the	the	DET
fbem-8691	178	8	change	change	NOUN
fbem-8691	178	9	of	of	ADP
fbem-8691	178	10	nanhua	nanhua	PROPN
fbem-8691	178	11	steam	steam	NOUN
fbem-8691	178	12	coal	coal	NOUN
fbem-8691	178	13	index	index	NOUN
fbem-8691	178	14	for	for	ADP
fbem-8691	178	15	the	the	DET
fbem-8691	178	16	change	change	NOUN
fbem-8691	178	17	of	of	ADP
fbem-8691	178	18	steam	steam	NOUN
fbem-8691	178	19	coal	coal	NOUN
fbem-8691	178	20	price	price	NOUN
fbem-8691	178	21	has	have	AUX
fbem-8691	178	22	increased	increase	VERB
fbem-8691	178	23	significantly	significantly	ADV
fbem-8691	178	24	,	,	PUNCT
fbem-8691	178	25	and	and	CCONJ
fbem-8691	178	26	it	it	PRON
fbem-8691	178	27	follows	follow	VERB
fbem-8691	178	28	by	by	ADP
fbem-8691	178	29	the	the	DET
fbem-8691	178	30	decrease	decrease	NOUN
fbem-8691	178	31	of	of	ADP
fbem-8691	178	32	the	the	DET
fbem-8691	178	33	explanatory	explanatory	ADJ
fbem-8691	178	34	ability	ability	NOUN
fbem-8691	178	35	from	from	ADP
fbem-8691	178	36	the	the	DET
fbem-8691	178	37	change	change	NOUN
fbem-8691	178	38	of	of	ADP
fbem-8691	178	39	steam	steam	NOUN
fbem-8691	178	40	coal	coal	NOUN
fbem-8691	178	41	price	price	NOUN
fbem-8691	178	42	itself	itself	PRON
fbem-8691	178	43	.	.	PUNCT
fbem-8691	179	1	secondly	secondly	ADV
fbem-8691	179	2	,	,	PUNCT
fbem-8691	179	3	regardless	regardless	ADV
fbem-8691	179	4	of	of	ADP
fbem-8691	179	5	the	the	DET
fbem-8691	179	6	futures	future	NOUN
fbem-8691	179	7	market	market	NOUN
fbem-8691	179	8	factors	factor	NOUN
fbem-8691	179	9	or	or	CCONJ
fbem-8691	179	10	economic	economic	ADJ
fbem-8691	179	11	environment	environment	NOUN
fbem-8691	179	12	factors	factor	NOUN
fbem-8691	179	13	,	,	PUNCT
fbem-8691	179	14	except	except	SCONJ
fbem-8691	179	15	for	for	ADP
fbem-8691	179	16	the	the	DET
fbem-8691	179	17	changes	change	NOUN
fbem-8691	179	18	in	in	ADP
fbem-8691	179	19	the	the	DET
fbem-8691	179	20	closing	closing	NOUN
fbem-8691	179	21	price	price	NOUN
fbem-8691	179	22	of	of	ADP
fbem-8691	179	23	steam	steam	NOUN
fbem-8691	179	24	coal	coal	NOUN
fbem-8691	179	25	futures	future	NOUN
fbem-8691	179	26	,	,	PUNCT
fbem-8691	179	27	their	their	PRON
fbem-8691	179	28	explanatory	explanatory	ADJ
fbem-8691	179	29	power	power	NOUN
fbem-8691	179	30	for	for	ADP
fbem-8691	179	31	the	the	DET
fbem-8691	179	32	changes	change	NOUN
fbem-8691	179	33	in	in	ADP
fbem-8691	179	34	steam	steam	NOUN
fbem-8691	179	35	coal	coal	NOUN
fbem-8691	179	36	prices	price	NOUN
fbem-8691	179	37	basically	basically	ADV
fbem-8691	179	38	increased	increase	VERB
fbem-8691	179	39	to	to	ADP
fbem-8691	179	40	varying	vary	VERB
fbem-8691	179	41	degrees	degree	NOUN
fbem-8691	179	42	.	.	PUNCT
fbem-8691	180	1	4	4	X
fbem-8691	180	2	.	.	X
fbem-8691	180	3	conclusion	conclusion	NOUN
fbem-8691	180	4	this	this	DET
fbem-8691	180	5	paper	paper	NOUN
fbem-8691	180	6	explores	explore	VERB
fbem-8691	180	7	the	the	DET
fbem-8691	180	8	impact	impact	NOUN
fbem-8691	180	9	of	of	ADP
fbem-8691	180	10	financial	financial	ADJ
fbem-8691	180	11	factors	factor	NOUN
fbem-8691	180	12	on	on	ADP
fbem-8691	180	13	steam	steam	NOUN
fbem-8691	180	14	coal	coal	NOUN
fbem-8691	180	15	prices	price	NOUN
fbem-8691	180	16	through	through	ADP
fbem-8691	180	17	var	var	NOUN
fbem-8691	180	18	models	model	NOUN
fbem-8691	180	19	and	and	CCONJ
fbem-8691	180	20	divides	divide	VERB
fbem-8691	180	21	the	the	DET
fbem-8691	180	22	time	time	NOUN
fbem-8691	180	23	interval	interval	NOUN
fbem-8691	180	24	into	into	ADP
fbem-8691	180	25	two	two	NUM
fbem-8691	180	26	categories	category	NOUN
fbem-8691	180	27	,	,	PUNCT
fbem-8691	180	28	which	which	PRON
fbem-8691	180	29	are	be	AUX
fbem-8691	180	30	from	from	ADP
fbem-8691	180	31	2016	2016	NUM
fbem-8691	180	32	to	to	ADP
fbem-8691	180	33	2020	2020	NUM
fbem-8691	180	34	and	and	CCONJ
fbem-8691	180	35	from	from	ADP
fbem-8691	180	36	2021	2021	NUM
fbem-8691	180	37	to	to	ADP
fbem-8691	180	38	2022	2022	NUM
fbem-8691	180	39	,	,	PUNCT
fbem-8691	180	40	based	base	VERB
fbem-8691	180	41	on	on	ADP
fbem-8691	180	42	the	the	DET
fbem-8691	180	43	abnormal	abnormal	ADJ
fbem-8691	180	44	changes	change	NOUN
fbem-8691	180	45	in	in	ADP
fbem-8691	180	46	coal	coal	NOUN
fbem-8691	180	47	prices	price	NOUN
fbem-8691	180	48	in	in	ADP
fbem-8691	180	49	2021	2021	NUM
fbem-8691	180	50	,	,	PUNCT
fbem-8691	180	51	discusses	discuss	VERB
fbem-8691	180	52	and	and	CCONJ
fbem-8691	180	53	compares	compare	VERB
fbem-8691	180	54	the	the	DET
fbem-8691	180	55	differences	difference	NOUN
fbem-8691	180	56	in	in	ADP
fbem-8691	180	57	the	the	DET
fbem-8691	180	58	impacts	impact	NOUN
fbem-8691	180	59	separately	separately	ADV
fbem-8691	180	60	.	.	PUNCT
fbem-8691	181	1	results	result	NOUN
fbem-8691	181	2	show	show	VERB
fbem-8691	181	3	:	:	PUNCT
fbem-8691	181	4	first	first	ADV
fbem-8691	181	5	,	,	PUNCT
fbem-8691	181	6	some	some	PRON
fbem-8691	181	7	of	of	ADP
fbem-8691	181	8	the	the	DET
fbem-8691	181	9	factors	factor	NOUN
fbem-8691	181	10	that	that	PRON
fbem-8691	181	11	may	may	AUX
fbem-8691	181	12	affect	affect	VERB
fbem-8691	181	13	commodity	commodity	NOUN
fbem-8691	181	14	markets	market	NOUN
fbem-8691	181	15	and	and	CCONJ
fbem-8691	181	16	major	major	ADJ
fbem-8691	181	17	commodity	commodity	NOUN
fbem-8691	181	18	markets	market	NOUN
fbem-8691	181	19	do	do	AUX
fbem-8691	181	20	not	not	PART
fbem-8691	181	21	have	have	VERB
fbem-8691	181	22	a	a	DET
fbem-8691	181	23	significant	significant	ADJ
fbem-8691	181	24	impact	impact	NOUN
fbem-8691	181	25	on	on	ADP
fbem-8691	181	26	coal	coal	NOUN
fbem-8691	181	27	prices	price	NOUN
fbem-8691	181	28	,	,	PUNCT
fbem-8691	181	29	i.e.	i.e.	X
fbem-8691	181	30	,	,	PUNCT
fbem-8691	181	31	factors	factor	NOUN
fbem-8691	181	32	that	that	PRON
fbem-8691	181	33	play	play	VERB
fbem-8691	181	34	an	an	DET
fbem-8691	181	35	important	important	ADJ
fbem-8691	181	36	role	role	NOUN
fbem-8691	181	37	in	in	ADP
fbem-8691	181	38	macro	macro	ADJ
fbem-8691	181	39	commodity	commodity	NOUN
fbem-8691	181	40	market	market	NOUN
fbem-8691	181	41	pricing	pricing	NOUN
fbem-8691	181	42	do	do	AUX
fbem-8691	181	43	not	not	PART
fbem-8691	181	44	necessarily	necessarily	ADV
fbem-8691	181	45	also	also	ADV
fbem-8691	181	46	have	have	VERB
fbem-8691	181	47	a	a	DET
fbem-8691	181	48	similar	similar	ADJ
fbem-8691	181	49	effect	effect	NOUN
fbem-8691	181	50	on	on	ADP
fbem-8691	181	51	coal	coal	NOUN
fbem-8691	181	52	prices	price	NOUN
fbem-8691	181	53	.	.	PUNCT
fbem-8691	182	1	coal	coal	NOUN
fbem-8691	182	2	market	market	NOUN
fbem-8691	182	3	participants	participant	NOUN
fbem-8691	182	4	should	should	AUX
fbem-8691	182	5	conduct	conduct	VERB
fbem-8691	182	6	an	an	DET
fbem-8691	182	7	in	in	ADP
fbem-8691	182	8	-	-	PUNCT
fbem-8691	182	9	depth	depth	NOUN
fbem-8691	182	10	analysis	analysis	NOUN
fbem-8691	182	11	of	of	ADP
fbem-8691	182	12	it	it	PRON
fbem-8691	182	13	and	and	CCONJ
fbem-8691	182	14	not	not	PART
fbem-8691	182	15	directly	directly	ADV
fbem-8691	182	16	apply	apply	VERB
fbem-8691	182	17	the	the	DET
fbem-8691	182	18	research	research	NOUN
fbem-8691	182	19	results	result	NOUN
fbem-8691	182	20	found	find	VERB
fbem-8691	182	21	in	in	ADP
fbem-8691	182	22	the	the	DET
fbem-8691	182	23	macro	macro	ADJ
fbem-8691	182	24	commodity	commodity	NOUN
fbem-8691	182	25	markets	market	NOUN
fbem-8691	182	26	to	to	ADP
fbem-8691	182	27	coal	coal	NOUN
fbem-8691	182	28	markets	market	NOUN
fbem-8691	182	29	.	.	PUNCT
fbem-8691	183	1	second	second	ADJ
fbem-8691	183	2	,	,	PUNCT
fbem-8691	183	3	for	for	ADP
fbem-8691	183	4	the	the	DET
fbem-8691	183	5	price	price	NOUN
fbem-8691	183	6	change	change	NOUN
fbem-8691	183	7	of	of	ADP
fbem-8691	183	8	steam	steam	NOUN
fbem-8691	183	9	coal	coal	NOUN
fbem-8691	183	10	market	market	NOUN
fbem-8691	183	11	,	,	PUNCT
fbem-8691	183	12	the	the	DET
fbem-8691	183	13	variable	variable	NOUN
fbem-8691	183	14	formed	form	VERB
fbem-8691	183	15	by	by	ADP
fbem-8691	183	16	its	its	PRON
fbem-8691	183	17	own	own	ADJ
fbem-8691	183	18	lag	lag	NOUN
fbem-8691	183	19	one	one	NUM
fbem-8691	183	20	version	version	NOUN
fbem-8691	183	21	and	and	CCONJ
fbem-8691	183	22	the	the	DET
fbem-8691	183	23	change	change	NOUN
fbem-8691	183	24	of	of	ADP
fbem-8691	183	25	nanhua	nanhua	PROPN
fbem-8691	183	26	steam	steam	NOUN
fbem-8691	183	27	coal	coal	NOUN
fbem-8691	183	28	index	index	NOUN
fbem-8691	183	29	have	have	VERB
fbem-8691	183	30	a	a	DET
fbem-8691	183	31	one	one	NUM
fbem-8691	183	32	-	-	PUNCT
fbem-8691	183	33	way	way	NOUN
fbem-8691	183	34	spillover	spillover	ADJ
fbem-8691	183	35	effect	effect	NOUN
fbem-8691	183	36	on	on	ADP
fbem-8691	183	37	it	it	PRON
fbem-8691	183	38	in	in	ADP
fbem-8691	183	39	two	two	NUM
fbem-8691	183	40	time	time	NOUN
fbem-8691	183	41	intervals	interval	NOUN
fbem-8691	183	42	,	,	PUNCT
fbem-8691	183	43	that	that	ADV
fbem-8691	183	44	is	is	ADV
fbem-8691	183	45	,	,	PUNCT
fbem-8691	183	46	the	the	DET
fbem-8691	183	47	change	change	NOUN
fbem-8691	183	48	of	of	ADP
fbem-8691	183	49	nanhua	nanhua	PROPN
fbem-8691	183	50	steam	steam	NOUN
fbem-8691	183	51	coal	coal	NOUN
fbem-8691	183	52	index	index	NOUN
fbem-8691	183	53	can	can	AUX
fbem-8691	183	54	drive	drive	VERB
fbem-8691	183	55	the	the	DET
fbem-8691	183	56	change	change	NOUN
fbem-8691	183	57	of	of	ADP
fbem-8691	183	58	steam	steam	NOUN
fbem-8691	183	59	coal	coal	NOUN
fbem-8691	183	60	market	market	NOUN
fbem-8691	183	61	price	price	NOUN
fbem-8691	183	62	,	,	PUNCT
fbem-8691	183	63	which	which	PRON
fbem-8691	183	64	is	be	AUX
fbem-8691	183	65	a	a	DET
fbem-8691	183	66	reflection	reflection	NOUN
fbem-8691	183	67	of	of	ADP
fbem-8691	183	68	the	the	DET
fbem-8691	183	69	linkage	linkage	NOUN
fbem-8691	183	70	between	between	ADP
fbem-8691	183	71	the	the	DET
fbem-8691	183	72	price	price	NOUN
fbem-8691	183	73	change	change	NOUN
fbem-8691	183	74	of	of	ADP
fbem-8691	183	75	steam	steam	NOUN
fbem-8691	183	76	coal	coal	NOUN
fbem-8691	183	77	market	market	NOUN
fbem-8691	183	78	and	and	CCONJ
fbem-8691	183	79	financial	financial	ADJ
fbem-8691	183	80	factors	factor	NOUN
fbem-8691	183	81	.	.	PUNCT
fbem-8691	184	1	thus	thus	ADV
fbem-8691	184	2	,	,	PUNCT
fbem-8691	184	3	coal	coal	NOUN
fbem-8691	184	4	market	market	NOUN
fbem-8691	184	5	participants	participant	NOUN
fbem-8691	184	6	need	need	VERB
fbem-8691	184	7	to	to	PART
fbem-8691	184	8	consider	consider	VERB
fbem-8691	184	9	the	the	DET
fbem-8691	184	10	role	role	NOUN
fbem-8691	184	11	of	of	ADP
fbem-8691	184	12	more	more	ADJ
fbem-8691	184	13	factors	factor	NOUN
fbem-8691	184	14	when	when	SCONJ
fbem-8691	184	15	making	make	VERB
fbem-8691	184	16	decisions	decision	NOUN
fbem-8691	184	17	,	,	PUNCT
fbem-8691	184	18	otherwise	otherwise	ADV
fbem-8691	184	19	the	the	DET
fbem-8691	184	20	forecasts	forecast	NOUN
fbem-8691	184	21	made	make	VERB
fbem-8691	184	22	can	can	AUX
fbem-8691	184	23	only	only	ADV
fbem-8691	184	24	be	be	AUX
fbem-8691	184	25	different	different	ADJ
fbem-8691	184	26	from	from	ADP
fbem-8691	184	27	the	the	DET
fbem-8691	184	28	realistic	realistic	ADJ
fbem-8691	184	29	results	result	NOUN
fbem-8691	184	30	.	.	PUNCT
fbem-8691	185	1	third	third	ADV
fbem-8691	185	2	,	,	PUNCT
fbem-8691	185	3	in	in	ADP
fbem-8691	185	4	general	general	ADJ
fbem-8691	185	5	,	,	PUNCT
fbem-8691	185	6	price	price	NOUN
fbem-8691	185	7	changes	change	NOUN
fbem-8691	185	8	in	in	ADP
fbem-8691	185	9	the	the	DET
fbem-8691	185	10	steam	steam	NOUN
fbem-8691	185	11	coal	coal	NOUN
fbem-8691	185	12	market	market	NOUN
fbem-8691	185	13	are	be	AUX
fbem-8691	185	14	not	not	PART
fbem-8691	185	15	significantly	significantly	ADV
fbem-8691	185	16	influenced	influence	VERB
fbem-8691	185	17	by	by	ADP
fbem-8691	185	18	financial	financial	ADJ
fbem-8691	185	19	factors	factor	NOUN
fbem-8691	185	20	,	,	PUNCT
fbem-8691	185	21	of	of	ADP
fbem-8691	185	22	which	which	PRON
fbem-8691	185	23	the	the	DET
fbem-8691	185	24	futures	future	NOUN
fbem-8691	185	25	market	market	NOUN
fbem-8691	185	26	has	have	VERB
fbem-8691	185	27	a	a	DET
fbem-8691	185	28	greater	great	ADJ
fbem-8691	185	29	impact	impact	NOUN
fbem-8691	185	30	in	in	ADP
fbem-8691	185	31	comparison	comparison	NOUN
fbem-8691	185	32	.	.	PUNCT
fbem-8691	186	1	this	this	PRON
fbem-8691	186	2	is	be	AUX
fbem-8691	186	3	due	due	ADJ
fbem-8691	186	4	to	to	ADP
fbem-8691	186	5	the	the	DET
fbem-8691	186	6	current	current	ADJ
fbem-8691	186	7	low	low	ADJ
fbem-8691	186	8	level	level	NOUN
fbem-8691	186	9	of	of	ADP
fbem-8691	186	10	financialization	financialization	NOUN
fbem-8691	186	11	in	in	ADP
fbem-8691	186	12	china	china	PROPN
fbem-8691	186	13	's	's	PART
fbem-8691	186	14	coal	coal	NOUN
fbem-8691	186	15	industry	industry	NOUN
fbem-8691	186	16	and	and	CCONJ
fbem-8691	186	17	the	the	DET
fbem-8691	186	18	fact	fact	NOUN
fbem-8691	186	19	that	that	SCONJ
fbem-8691	186	20	it	it	PRON
fbem-8691	186	21	is	be	AUX
fbem-8691	186	22	more	more	ADV
fbem-8691	186	23	influenced	influence	VERB
fbem-8691	186	24	by	by	ADP
fbem-8691	186	25	fundamental	fundamental	ADJ
fbem-8691	186	26	factors	factor	NOUN
fbem-8691	186	27	such	such	ADJ
fbem-8691	186	28	as	as	ADP
fbem-8691	186	29	supply	supply	NOUN
fbem-8691	186	30	,	,	PUNCT
fbem-8691	186	31	demand	demand	NOUN
fbem-8691	186	32	,	,	PUNCT
fbem-8691	186	33	and	and	CCONJ
fbem-8691	186	34	policy	policy	NOUN
fbem-8691	186	35	.	.	PUNCT
fbem-8691	187	1	in	in	ADP
fbem-8691	187	2	conjunction	conjunction	NOUN
fbem-8691	187	3	with	with	ADP
fbem-8691	187	4	the	the	DET
fbem-8691	187	5	previous	previous	ADJ
fbem-8691	187	6	finding	finding	NOUN
fbem-8691	187	7	,	,	PUNCT
fbem-8691	187	8	coal	coal	NOUN
fbem-8691	187	9	market	market	NOUN
fbem-8691	187	10	participants	participant	NOUN
fbem-8691	187	11	can	can	AUX
fbem-8691	187	12	,	,	PUNCT
fbem-8691	187	13	at	at	ADP
fbem-8691	187	14	least	least	ADJ
fbem-8691	187	15	for	for	ADP
fbem-8691	187	16	now	now	ADV
fbem-8691	187	17	,	,	PUNCT
fbem-8691	187	18	focus	focus	VERB
fbem-8691	187	19	on	on	ADP
fbem-8691	187	20	the	the	DET
fbem-8691	187	21	futures	future	NOUN
fbem-8691	187	22	market	market	NOUN
fbem-8691	187	23	first	first	ADV
fbem-8691	187	24	and	and	CCONJ
fbem-8691	187	25	the	the	DET
fbem-8691	187	26	economic	economic	ADJ
fbem-8691	187	27	environment	environment	NOUN
fbem-8691	187	28	second	second	ADV
fbem-8691	187	29	when	when	SCONJ
fbem-8691	187	30	roughly	roughly	ADV
fbem-8691	187	31	estimating	estimate	VERB
fbem-8691	187	32	coal	coal	NOUN
fbem-8691	187	33	prices	price	NOUN
fbem-8691	187	34	.	.	PUNCT
fbem-8691	188	1	overall	overall	ADV
fbem-8691	188	2	,	,	PUNCT
fbem-8691	188	3	this	this	DET
fbem-8691	188	4	paper	paper	NOUN
fbem-8691	188	5	suggests	suggest	VERB
fbem-8691	188	6	that	that	SCONJ
fbem-8691	188	7	participants	participant	NOUN
fbem-8691	188	8	should	should	AUX
fbem-8691	188	9	refer	refer	VERB
fbem-8691	188	10	to	to	ADP
fbem-8691	188	11	financial	financial	ADJ
fbem-8691	188	12	market	market	NOUN
fbem-8691	188	13	and	and	CCONJ
fbem-8691	188	14	environmental	environmental	ADJ
fbem-8691	188	15	disturbances	disturbance	NOUN
fbem-8691	188	16	when	when	SCONJ
fbem-8691	188	17	making	make	VERB
fbem-8691	188	18	decisions	decision	NOUN
fbem-8691	188	19	,	,	PUNCT
fbem-8691	188	20	but	but	CCONJ
fbem-8691	188	21	the	the	DET
fbem-8691	188	22	influence	influence	NOUN
fbem-8691	188	23	of	of	ADP
fbem-8691	188	24	fundamental	fundamental	ADJ
fbem-8691	188	25	factors	factor	NOUN
fbem-8691	188	26	(	(	PUNCT
fbem-8691	188	27	e.g.	e.g.	ADV
fbem-8691	188	28	,	,	PUNCT
fbem-8691	188	29	supply	supply	NOUN
fbem-8691	188	30	and	and	CCONJ
fbem-8691	188	31	demand	demand	NOUN
fbem-8691	188	32	)	)	PUNCT
fbem-8691	188	33	should	should	AUX
fbem-8691	188	34	always	always	ADV
fbem-8691	188	35	be	be	AUX
fbem-8691	188	36	used	use	VERB
fbem-8691	188	37	as	as	ADP
fbem-8691	188	38	the	the	DET
fbem-8691	188	39	primary	primary	ADJ
fbem-8691	188	40	basis	basis	NOUN
fbem-8691	188	41	for	for	ADP
fbem-8691	188	42	judgment	judgment	NOUN
fbem-8691	188	43	.	.	PUNCT
fbem-8691	189	1	fourth	fourth	ADJ
fbem-8691	189	2	,	,	PUNCT
fbem-8691	189	3	influenced	influence	VERB
fbem-8691	189	4	by	by	ADP
fbem-8691	189	5	the	the	DET
fbem-8691	189	6	interaction	interaction	NOUN
fbem-8691	189	7	of	of	ADP
fbem-8691	189	8	globalization	globalization	NOUN
fbem-8691	189	9	factors	factor	NOUN
fbem-8691	189	10	such	such	ADJ
fbem-8691	189	11	as	as	ADP
fbem-8691	189	12	the	the	DET
fbem-8691	189	13	covid-19	covid-19	PROPN
fbem-8691	189	14	epidemic	epidemic	NOUN
fbem-8691	189	15	in	in	ADP
fbem-8691	189	16	2021	2021	NUM
fbem-8691	189	17	,	,	PUNCT
fbem-8691	189	18	the	the	DET
fbem-8691	189	19	russianukrainian	russianukrainian	ADJ
fbem-8691	189	20	war	war	NOUN
fbem-8691	189	21	,	,	PUNCT
fbem-8691	189	22	and	and	CCONJ
fbem-8691	189	23	energy	energy	NOUN
fbem-8691	189	24	transition	transition	NOUN
fbem-8691	189	25	,	,	PUNCT
fbem-8691	189	26	as	as	ADV
fbem-8691	189	27	well	well	ADV
fbem-8691	189	28	as	as	ADP
fbem-8691	189	29	local	local	ADJ
fbem-8691	189	30	factors	factor	NOUN
fbem-8691	189	31	such	such	ADJ
fbem-8691	189	32	as	as	ADP
fbem-8691	189	33	power	power	NOUN
fbem-8691	189	34	outages	outage	NOUN
fbem-8691	189	35	and	and	CCONJ
fbem-8691	189	36	power	power	NOUN
fbem-8691	189	37	restriction	restriction	NOUN
fbem-8691	189	38	issues	issue	NOUN
fbem-8691	189	39	across	across	ADP
fbem-8691	189	40	china	china	PROPN
fbem-8691	189	41	,	,	PUNCT
fbem-8691	189	42	the	the	DET
fbem-8691	189	43	chinese	chinese	ADJ
fbem-8691	189	44	steam	steam	NOUN
fbem-8691	189	45	coal	coal	NOUN
fbem-8691	189	46	market	market	NOUN
fbem-8691	189	47	price	price	NOUN
fbem-8691	189	48	surged	surge	VERB
fbem-8691	189	49	beyond	beyond	ADP
fbem-8691	189	50	266	266	NUM
fbem-8691	189	51	expectations	expectation	NOUN
fbem-8691	189	52	,	,	PUNCT
fbem-8691	189	53	and	and	CCONJ
fbem-8691	189	54	since	since	SCONJ
fbem-8691	189	55	then	then	ADV
fbem-8691	189	56	,	,	PUNCT
fbem-8691	189	57	the	the	DET
fbem-8691	189	58	link	link	NOUN
fbem-8691	189	59	between	between	ADP
fbem-8691	189	60	steam	steam	NOUN
fbem-8691	189	61	coal	coal	NOUN
fbem-8691	189	62	prices	price	NOUN
fbem-8691	189	63	and	and	CCONJ
fbem-8691	189	64	financial	financial	ADJ
fbem-8691	189	65	factors	factor	NOUN
fbem-8691	189	66	has	have	AUX
fbem-8691	189	67	deepened	deepen	VERB
fbem-8691	189	68	,	,	PUNCT
fbem-8691	189	69	i.e.	i.e.	X
fbem-8691	189	70	,	,	PUNCT
fbem-8691	189	71	the	the	DET
fbem-8691	189	72	ability	ability	NOUN
fbem-8691	189	73	of	of	ADP
fbem-8691	189	74	financial	financial	ADJ
fbem-8691	189	75	factors	factor	NOUN
fbem-8691	189	76	to	to	PART
fbem-8691	189	77	influence	influence	VERB
fbem-8691	189	78	and	and	CCONJ
fbem-8691	189	79	explain	explain	VERB
fbem-8691	189	80	steam	steam	NOUN
fbem-8691	189	81	coal	coal	NOUN
fbem-8691	189	82	prices	price	NOUN
fbem-8691	189	83	has	have	AUX
fbem-8691	189	84	generally	generally	ADV
fbem-8691	189	85	increased	increase	VERB
fbem-8691	189	86	compared	compare	VERB
fbem-8691	189	87	to	to	ADP
fbem-8691	189	88	the	the	DET
fbem-8691	189	89	pre-2021	pre-2021	NOUN
fbem-8691	189	90	period	period	NOUN
fbem-8691	189	91	.	.	PUNCT
fbem-8691	190	1	based	base	VERB
fbem-8691	190	2	on	on	ADP
fbem-8691	190	3	this	this	DET
fbem-8691	190	4	finding	finding	NOUN
fbem-8691	190	5	,	,	PUNCT
fbem-8691	190	6	investors	investor	NOUN
fbem-8691	190	7	who	who	PRON
fbem-8691	190	8	want	want	VERB
fbem-8691	190	9	to	to	PART
fbem-8691	190	10	participate	participate	VERB
fbem-8691	190	11	in	in	ADP
fbem-8691	190	12	the	the	DET
fbem-8691	190	13	coal	coal	NOUN
fbem-8691	190	14	market	market	NOUN
fbem-8691	190	15	need	need	VERB
fbem-8691	190	16	to	to	PART
fbem-8691	190	17	be	be	AUX
fbem-8691	190	18	aware	aware	ADJ
fbem-8691	190	19	of	of	ADP
fbem-8691	190	20	the	the	DET
fbem-8691	190	21	increasingly	increasingly	ADV
fbem-8691	190	22	strong	strong	ADJ
fbem-8691	190	23	linkage	linkage	NOUN
fbem-8691	190	24	between	between	ADP
fbem-8691	190	25	this	this	DET
fbem-8691	190	26	market	market	NOUN
fbem-8691	190	27	and	and	CCONJ
fbem-8691	190	28	financial	financial	ADJ
fbem-8691	190	29	markets	market	NOUN
fbem-8691	190	30	through	through	ADP
fbem-8691	190	31	the	the	DET
fbem-8691	190	32	interaction	interaction	NOUN
fbem-8691	190	33	of	of	ADP
fbem-8691	190	34	various	various	ADJ
fbem-8691	190	35	macro	macro	ADJ
fbem-8691	190	36	factors	factor	NOUN
fbem-8691	190	37	,	,	PUNCT
fbem-8691	190	38	and	and	CCONJ
fbem-8691	190	39	seize	seize	VERB
fbem-8691	190	40	investment	investment	NOUN
fbem-8691	190	41	opportunities	opportunity	NOUN
fbem-8691	190	42	in	in	ADP
fbem-8691	190	43	similar	similar	ADJ
fbem-8691	190	44	global	global	ADJ
fbem-8691	190	45	events	event	NOUN
fbem-8691	190	46	in	in	ADP
fbem-8691	190	47	the	the	DET
fbem-8691	190	48	future	future	NOUN
fbem-8691	190	49	.	.	PUNCT
fbem-8691	191	1	fifth	fifth	ADJ
fbem-8691	191	2	,	,	PUNCT
fbem-8691	191	3	for	for	ADP
fbem-8691	191	4	the	the	DET
fbem-8691	191	5	steam	steam	NOUN
fbem-8691	191	6	coal	coal	NOUN
fbem-8691	191	7	futures	future	NOUN
fbem-8691	191	8	index	index	NOUN
fbem-8691	191	9	and	and	CCONJ
fbem-8691	191	10	the	the	DET
fbem-8691	191	11	u.s	u.s	PROPN
fbem-8691	191	12	.	.	PROPN
fbem-8691	191	13	dollar	dollar	PROPN
fbem-8691	191	14	index	index	NOUN
fbem-8691	191	15	,	,	PUNCT
fbem-8691	191	16	their	their	PRON
fbem-8691	191	17	influence	influence	NOUN
fbem-8691	191	18	on	on	ADP
fbem-8691	191	19	power	power	NOUN
fbem-8691	191	20	coal	coal	NOUN
fbem-8691	191	21	prices	price	NOUN
fbem-8691	191	22	shows	show	VERB
fbem-8691	191	23	the	the	DET
fbem-8691	191	24	opposite	opposite	ADJ
fbem-8691	191	25	direction	direction	NOUN
fbem-8691	191	26	in	in	ADP
fbem-8691	191	27	the	the	DET
fbem-8691	191	28	period	period	NOUN
fbem-8691	191	29	from	from	ADP
fbem-8691	191	30	2016	2016	NUM
fbem-8691	191	31	to	to	ADP
fbem-8691	191	32	2020	2020	NUM
fbem-8691	191	33	compared	compare	VERB
fbem-8691	191	34	to	to	ADP
fbem-8691	191	35	the	the	DET
fbem-8691	191	36	period	period	NOUN
fbem-8691	191	37	from	from	ADP
fbem-8691	191	38	2021	2021	NUM
fbem-8691	191	39	to	to	ADP
fbem-8691	191	40	2022	2022	NUM
fbem-8691	191	41	,	,	PUNCT
fbem-8691	191	42	which	which	PRON
fbem-8691	191	43	also	also	ADV
fbem-8691	191	44	reflects	reflect	VERB
fbem-8691	191	45	that	that	SCONJ
fbem-8691	191	46	the	the	DET
fbem-8691	191	47	influence	influence	NOUN
fbem-8691	191	48	of	of	ADP
fbem-8691	191	49	financial	financial	ADJ
fbem-8691	191	50	factors	factor	NOUN
fbem-8691	191	51	on	on	ADP
fbem-8691	191	52	steam	steam	NOUN
fbem-8691	191	53	coal	coal	NOUN
fbem-8691	191	54	prices	price	NOUN
fbem-8691	191	55	is	be	AUX
fbem-8691	191	56	not	not	PART
fbem-8691	191	57	relatively	relatively	ADV
fbem-8691	191	58	stable	stable	ADJ
fbem-8691	191	59	and	and	CCONJ
fbem-8691	191	60	easy	easy	ADJ
fbem-8691	191	61	to	to	PART
fbem-8691	191	62	catch	catch	VERB
fbem-8691	191	63	,	,	PUNCT
fbem-8691	191	64	but	but	CCONJ
fbem-8691	191	65	will	will	AUX
fbem-8691	191	66	change	change	VERB
fbem-8691	191	67	in	in	ADP
fbem-8691	191	68	nature	nature	NOUN
fbem-8691	191	69	with	with	ADP
fbem-8691	191	70	the	the	DET
fbem-8691	191	71	change	change	NOUN
fbem-8691	191	72	of	of	ADP
fbem-8691	191	73	the	the	DET
fbem-8691	191	74	general	general	ADJ
fbem-8691	191	75	environment	environment	NOUN
fbem-8691	191	76	.	.	PUNCT
fbem-8691	192	1	therefore	therefore	ADV
fbem-8691	192	2	,	,	PUNCT
fbem-8691	192	3	market	market	NOUN
fbem-8691	192	4	participants	participant	NOUN
fbem-8691	192	5	need	need	VERB
fbem-8691	192	6	to	to	PART
fbem-8691	192	7	consider	consider	VERB
fbem-8691	192	8	more	more	ADJ
fbem-8691	192	9	external	external	ADJ
fbem-8691	192	10	environmental	environmental	ADJ
fbem-8691	192	11	factors	factor	NOUN
fbem-8691	192	12	when	when	SCONJ
fbem-8691	192	13	investing	invest	VERB
fbem-8691	192	14	,	,	PUNCT
fbem-8691	192	15	paying	pay	VERB
fbem-8691	192	16	particular	particular	ADJ
fbem-8691	192	17	attention	attention	NOUN
fbem-8691	192	18	to	to	ADP
fbem-8691	192	19	abnormal	abnormal	ADJ
fbem-8691	192	20	fluctuations	fluctuation	NOUN
fbem-8691	192	21	in	in	ADP
fbem-8691	192	22	commodity	commodity	NOUN
fbem-8691	192	23	prices	price	NOUN
fbem-8691	192	24	,	,	PUNCT
fbem-8691	192	25	and	and	CCONJ
fbem-8691	192	26	adjust	adjust	VERB
fbem-8691	192	27	their	their	PRON
fbem-8691	192	28	investment	investment	NOUN
fbem-8691	192	29	strategies	strategy	NOUN
fbem-8691	192	30	in	in	ADP
fbem-8691	192	31	a	a	DET
fbem-8691	192	32	timely	timely	ADJ
fbem-8691	192	33	manner	manner	NOUN
fbem-8691	192	34	.	.	PUNCT
fbem-8691	193	1	acknowledgment	acknowledgment	NOUN
fbem-8691	193	2	i	i	PRON
fbem-8691	193	3	thank	thank	VERB
fbem-8691	193	4	southwestern	southwestern	ADJ
fbem-8691	193	5	university	university	PROPN
fbem-8691	193	6	of	of	ADP
fbem-8691	193	7	finance	finance	NOUN
fbem-8691	193	8	and	and	CCONJ
fbem-8691	193	9	economics	economic	NOUN
fbem-8691	193	10	.	.	PUNCT
fbem-8691	194	1	this	this	DET
fbem-8691	194	2	work	work	NOUN
fbem-8691	194	3	was	be	AUX
fbem-8691	194	4	supported	support	VERB
fbem-8691	194	5	in	in	ADP
fbem-8691	194	6	part	part	NOUN
fbem-8691	194	7	by	by	ADP
fbem-8691	194	8	the	the	DET
fbem-8691	194	9	research	research	NOUN
fbem-8691	194	10	conditions	condition	NOUN
fbem-8691	194	11	it	it	PRON
fbem-8691	194	12	provides	provide	VERB
fbem-8691	194	13	.	.	PUNCT
fbem-8691	195	1	references	reference	NOUN
fbem-8691	195	2	[	[	X
fbem-8691	195	3	1	1	NUM
fbem-8691	195	4	]	]	PUNCT
fbem-8691	195	5	c.	c.	PROPN
fbem-8691	195	6	zhang	zhang	PROPN
fbem-8691	195	7	,	,	PUNCT
fbem-8691	195	8	z.	z.	PROPN
fbem-8691	195	9	liu	liu	PROPN
fbem-8691	195	10	,	,	PUNCT
fbem-8691	195	11	and	and	CCONJ
fbem-8691	195	12	y.	y.	PROPN
fbem-8691	195	13	luo	luo	PROPN
fbem-8691	195	14	,	,	PUNCT
fbem-8691	195	15	“	"	PUNCT
fbem-8691	195	16	goods	good	NOUN
fbem-8691	195	17	financialization	financialization	NOUN
fbem-8691	195	18	and	and	CCONJ
fbem-8691	195	19	inflation	inflation	NOUN
fbem-8691	195	20	in	in	ADP
fbem-8691	195	21	china	china	PROPN
fbem-8691	195	22	,	,	PUNCT
fbem-8691	195	23	”	"	PUNCT
fbem-8691	195	24	economic	economic	ADJ
fbem-8691	195	25	research	research	NOUN
fbem-8691	195	26	journal	journal	NOUN
fbem-8691	195	27	49.01(2014):140	49.01(2014):140	NOUN
fbem-8691	195	28	-	-	PUNCT
fbem-8691	195	29	154	154	NUM
fbem-8691	195	30	.	.	PUNCT
fbem-8691	196	1	doi	doi	NOUN
fbem-8691	196	2	:	:	PUNCT
fbem-8691	196	3	cnki	cnki	ADJ
fbem-8691	196	4	:	:	PUNCT
fbem-8691	196	5	sun	sun	NOUN
fbem-8691	196	6	:	:	PUNCT
fbem-8691	196	7	jjyj.0.2014	jjyj.0.2014	VERB
fbem-8691	196	8	-	-	PUNCT
fbem-8691	196	9	01	01	NUM
fbem-8691	196	10	-	-	PUNCT
fbem-8691	196	11	021	021	NUM
fbem-8691	196	12	.	.	PUNCT
fbem-8691	197	1	[	[	X
fbem-8691	197	2	2	2	NUM
fbem-8691	197	3	]	]	X
fbem-8691	197	4	b.	b.	PROPN
fbem-8691	197	5	henderson	henderson	PROPN
fbem-8691	197	6	,	,	PUNCT
fbem-8691	197	7	n.	n.	PROPN
fbem-8691	197	8	pearson	pearson	PROPN
fbem-8691	197	9	,	,	PUNCT
fbem-8691	197	10	and	and	CCONJ
fbem-8691	197	11	l.	l.	PROPN
fbem-8691	197	12	wang	wang	PROPN
fbem-8691	197	13	,	,	PUNCT
fbem-8691	197	14	“	"	PUNCT
fbem-8691	197	15	new	new	ADJ
fbem-8691	197	16	evidence	evidence	NOUN
fbem-8691	197	17	on	on	ADP
fbem-8691	197	18	the	the	DET
fbem-8691	197	19	financialization	financialization	NOUN
fbem-8691	197	20	of	of	ADP
fbem-8691	197	21	commodity	commodity	NOUN
fbem-8691	197	22	markets	market	NOUN
fbem-8691	197	23	,	,	PUNCT
fbem-8691	197	24	”	"	PUNCT
fbem-8691	197	25	review	review	NOUN
fbem-8691	197	26	of	of	ADP
fbem-8691	197	27	financial	financial	ADJ
fbem-8691	197	28	studies	study	NOUN
fbem-8691	197	29	,	,	PUNCT
fbem-8691	197	30	vol	vol	NOUN
fbem-8691	197	31	.	.	PROPN
fbem-8691	197	32	28	28	NUM
fbem-8691	197	33	,	,	PUNCT
fbem-8691	197	34	no	no	INTJ
fbem-8691	197	35	.	.	NOUN
fbem-8691	197	36	5	5	NUM
fbem-8691	197	37	,	,	PUNCT
fbem-8691	197	38	may	may	PROPN
fbem-8691	197	39	2015	2015	NUM
fbem-8691	197	40	,	,	PUNCT
fbem-8691	197	41	pp	pp	ADV
fbem-8691	197	42	.	.	PUNCT
fbem-8691	197	43	1285	1285	NUM
fbem-8691	197	44	-	-	SYM
fbem-8691	197	45	1311	1311	NUM
fbem-8691	197	46	.	.	PUNCT
fbem-8691	198	1	[	[	X
fbem-8691	198	2	3	3	X
fbem-8691	198	3	]	]	X
fbem-8691	198	4	s.	s.	PROPN
fbem-8691	198	5	michael	michael	PROPN
fbem-8691	198	6	and	and	CCONJ
fbem-8691	198	7	w.	w.	PROPN
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fbem-8691	198	9	,	,	PUNCT
fbem-8691	198	10	“	"	PUNCT
fbem-8691	198	11	informational	informational	ADJ
fbem-8691	198	12	frictions	friction	NOUN
fbem-8691	198	13	and	and	CCONJ
fbem-8691	198	14	commodity	commodity	NOUN
fbem-8691	198	15	markets	market	NOUN
fbem-8691	198	16	,	,	PUNCT
fbem-8691	198	17	”	"	PUNCT
fbem-8691	198	18	the	the	DET
fbem-8691	198	19	journal	journal	NOUN
fbem-8691	198	20	of	of	ADP
fbem-8691	198	21	finance	finance	NOUN
fbem-8691	198	22	,	,	PUNCT
fbem-8691	198	23	vol	vol	NOUN
fbem-8691	198	24	.	.	PROPN
fbem-8691	198	25	70	70	NUM
fbem-8691	198	26	,	,	PUNCT
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fbem-8691	198	28	.	.	NOUN
fbem-8691	198	29	5	5	NUM
fbem-8691	198	30	,	,	PUNCT
fbem-8691	198	31	2015	2015	NUM
fbem-8691	198	32	,	,	PUNCT
fbem-8691	198	33	pp	pp	ADJ
fbem-8691	198	34	.	.	PUNCT
fbem-8691	199	1	2063	2063	NUM
fbem-8691	199	2	-	-	SYM
fbem-8691	199	3	2098	2098	NUM
fbem-8691	199	4	.	.	PUNCT
fbem-8691	200	1	doi:10.1111	doi:10.1111	PROPN
fbem-8691	200	2	/	/	SYM
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fbem-8691	200	4	.	.	PUNCT
fbem-8691	201	1	[	[	X
fbem-8691	201	2	4	4	X
fbem-8691	201	3	]	]	X
fbem-8691	201	4	c.	c.	PROPN
fbem-8691	201	5	hu	hu	PROPN
fbem-8691	201	6	,	,	PUNCT
fbem-8691	201	7	z.	z.	PROPN
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fbem-8691	201	9	,	,	PUNCT
fbem-8691	201	10	and	and	CCONJ
fbem-8691	201	11	x.	x.	NOUN
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fbem-8691	201	13	,	,	PUNCT
fbem-8691	201	14	“	"	PUNCT
fbem-8691	201	15	liquidity	liquidity	NOUN
fbem-8691	201	16	shocks	shock	NOUN
fbem-8691	201	17	,	,	PUNCT
fbem-8691	201	18	commodity	commodity	NOUN
fbem-8691	201	19	financialization	financialization	NOUN
fbem-8691	201	20	,	,	PUNCT
fbem-8691	201	21	and	and	CCONJ
fbem-8691	201	22	market	market	NOUN
fbem-8691	201	23	comovements	comovement	NOUN
fbem-8691	201	24	,	,	PUNCT
fbem-8691	201	25	”	"	PUNCT
fbem-8691	201	26	journal	journal	NOUN
fbem-8691	201	27	of	of	ADP
fbem-8691	201	28	futures	future	NOUN
fbem-8691	201	29	markets	market	NOUN
fbem-8691	201	30	,	,	PUNCT
fbem-8691	201	31	vol	vol	NOUN
fbem-8691	201	32	.	.	PROPN
fbem-8691	201	33	00	00	NUM
fbem-8691	201	34	,	,	PUNCT
fbem-8691	201	35	2020	2020	NUM
fbem-8691	201	36	,	,	PUNCT
fbem-8691	201	37	pp	pp	ADV
fbem-8691	201	38	.	.	PUNCT
fbem-8691	201	39	-	-	PUNCT
fbem-8691	201	40	.	.	PUNCT
fbem-8691	201	41	doi:10.1002	doi:10.1002	NOUN
fbem-8691	201	42	/	/	SYM
fbem-8691	201	43	fut.22127	fut.22127	NOUN
fbem-8691	201	44	.	.	PUNCT
fbem-8691	202	1	[	[	X
fbem-8691	202	2	5	5	NUM
fbem-8691	202	3	]	]	PUNCT
fbem-8691	202	4	z.	z.	PROPN
fbem-8691	202	5	zheng	zheng	PROPN
fbem-8691	202	6	,	,	PUNCT
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fbem-8691	202	9	,	,	PUNCT
fbem-8691	202	10	and	and	CCONJ
fbem-8691	202	11	f.	f.	PROPN
fbem-8691	202	12	zhu	zhu	PROPN
fbem-8691	202	13	,	,	PUNCT
fbem-8691	202	14	“	"	PUNCT
fbem-8691	202	15	commodity	commodity	NOUN
fbem-8691	202	16	futures	future	NOUN
fbem-8691	202	17	valuation	valuation	NOUN
fbem-8691	202	18	under	under	ADP
fbem-8691	202	19	financialization	financialization	NOUN
fbem-8691	202	20	of	of	ADP
fbem-8691	202	21	commodities	commodity	NOUN
fbem-8691	202	22	,	,	PUNCT
fbem-8691	202	23	”	"	PUNCT
fbem-8691	202	24	journal	journal	NOUN
fbem-8691	202	25	of	of	ADP
fbem-8691	202	26	systems	system	NOUN
fbem-8691	202	27	&	&	CCONJ
fbem-8691	202	28	management	management	NOUN
fbem-8691	202	29	,	,	PUNCT
fbem-8691	202	30	vol	vol	NOUN
fbem-8691	202	31	.	.	PROPN
fbem-8691	202	32	28	28	NUM
fbem-8691	202	33	,	,	PUNCT
fbem-8691	202	34	no	no	INTJ
fbem-8691	202	35	.	.	NOUN
fbem-8691	202	36	04	04	NUM
fbem-8691	202	37	,	,	PUNCT
fbem-8691	202	38	2019	2019	NUM
fbem-8691	202	39	,	,	PUNCT
fbem-8691	202	40	pp	pp	ADJ
fbem-8691	202	41	.	.	PUNCT
fbem-8691	202	42	625	625	NUM
fbem-8691	202	43	-	-	SYM
fbem-8691	202	44	634	634	NUM
fbem-8691	202	45	.	.	PUNCT
fbem-8691	203	1	[	[	X
fbem-8691	203	2	6	6	NUM
fbem-8691	203	3	]	]	PUNCT
fbem-8691	203	4	c.	c.	PROPN
fbem-8691	203	5	lu	lu	PROPN
fbem-8691	203	6	and	and	CCONJ
fbem-8691	203	7	b.	b.	PROPN
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fbem-8691	203	9	,	,	PUNCT
fbem-8691	203	10	“	"	PUNCT
fbem-8691	203	11	the	the	DET
fbem-8691	203	12	value	value	NOUN
fbem-8691	203	13	nature	nature	NOUN
fbem-8691	203	14	and	and	CCONJ
fbem-8691	203	15	price	price	NOUN
fbem-8691	203	16	characteristics	characteristic	NOUN
fbem-8691	203	17	of	of	ADP
fbem-8691	203	18	financialization	financialization	NOUN
fbem-8691	203	19	of	of	ADP
fbem-8691	203	20	commodities	commodity	NOUN
fbem-8691	203	21	-	-	PUNCT
fbem-8691	203	22	an	an	DET
fbem-8691	203	23	empirical	empirical	ADJ
fbem-8691	203	24	study	study	NOUN
fbem-8691	203	25	based	base	VERB
fbem-8691	203	26	on	on	ADP
fbem-8691	203	27	volatility	volatility	NOUN
fbem-8691	203	28	perspective	perspective	NOUN
fbem-8691	203	29	,	,	PUNCT
fbem-8691	203	30	”	"	PUNCT
fbem-8691	203	31	credit	credit	NOUN
fbem-8691	203	32	reference	reference	NOUN
fbem-8691	203	33	,	,	PUNCT
fbem-8691	203	34	vol	vol	NOUN
fbem-8691	203	35	.	.	PROPN
fbem-8691	204	1	38	38	NUM
fbem-8691	204	2	,	,	PUNCT
fbem-8691	204	3	no	no	INTJ
fbem-8691	204	4	.	.	NOUN
fbem-8691	204	5	09	09	NUM
fbem-8691	204	6	,	,	PUNCT
fbem-8691	204	7	2020	2020	NUM
fbem-8691	204	8	,	,	PUNCT
fbem-8691	204	9	pp	pp	ADV
fbem-8691	204	10	.	.	PUNCT
fbem-8691	205	1	71	71	NUM
fbem-8691	205	2	-	-	SYM
fbem-8691	205	3	79	79	NUM
fbem-8691	205	4	.	.	PUNCT
fbem-8691	206	1	[	[	X
fbem-8691	206	2	7	7	X
fbem-8691	206	3	]	]	X
fbem-8691	206	4	y.	y.	PROPN
fbem-8691	206	5	liu	liu	PROPN
fbem-8691	206	6	,	,	PUNCT
fbem-8691	206	7	z.	z.	PROPN
fbem-8691	206	8	ju	ju	PROPN
fbem-8691	206	9	,	,	PUNCT
fbem-8691	206	10	and	and	CCONJ
fbem-8691	206	11	y.	y.	PROPN
fbem-8691	206	12	liu	liu	PROPN
fbem-8691	206	13	,	,	PUNCT
fbem-8691	206	14	“	"	PUNCT
fbem-8691	206	15	a	a	DET
fbem-8691	206	16	study	study	NOUN
fbem-8691	206	17	on	on	ADP
fbem-8691	206	18	the	the	DET
fbem-8691	206	19	financialization	financialization	NOUN
fbem-8691	206	20	of	of	ADP
fbem-8691	206	21	commodity	commodity	NOUN
fbem-8691	206	22	markets	market	NOUN
fbem-8691	206	23	in	in	ADP
fbem-8691	206	24	china	china	PROPN
fbem-8691	206	25	based	base	VERB
fbem-8691	206	26	on	on	ADP
fbem-8691	206	27	dcc	dcc	PROPN
fbem-8691	206	28	-	-	PUNCT
fbem-8691	206	29	garch	garch	NOUN
fbem-8691	206	30	model	model	NOUN
fbem-8691	206	31	,	,	PUNCT
fbem-8691	206	32	”	"	PUNCT
fbem-8691	206	33	international	international	ADJ
fbem-8691	206	34	business	business	NOUN
fbem-8691	206	35	research	research	NOUN
fbem-8691	206	36	,	,	PUNCT
fbem-8691	206	37	vol	vol	NOUN
fbem-8691	206	38	.	.	PROPN
fbem-8691	207	1	38	38	NUM
fbem-8691	207	2	,	,	PUNCT
fbem-8691	207	3	no	no	INTJ
fbem-8691	207	4	.	.	NOUN
fbem-8691	207	5	05	05	NUM
fbem-8691	207	6	,	,	PUNCT
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fbem-8691	207	8	,	,	PUNCT
fbem-8691	207	9	pp	pp	ADJ
fbem-8691	207	10	.	.	PUNCT
fbem-8691	208	1	7583	7583	NUM
fbem-8691	208	2	.	.	PUNCT
fbem-8691	209	1	doi:10.13680	doi:10.13680	NOUN
fbem-8691	209	2	/	/	SYM
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fbem-8691	209	4	.	.	PUNCT
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fbem-8691	210	2	8	8	NUM
fbem-8691	210	3	]	]	PUNCT
fbem-8691	210	4	x.	x.	NOUN
fbem-8691	210	5	zhang	zhang	PROPN
fbem-8691	210	6	,	,	PUNCT
fbem-8691	210	7	l.	l.	PROPN
fbem-8691	210	8	liu	liu	PROPN
fbem-8691	210	9	,	,	PUNCT
fbem-8691	210	10	and	and	CCONJ
fbem-8691	210	11	l.	l.	PROPN
fbem-8691	210	12	li	li	PROPN
fbem-8691	210	13	,	,	PUNCT
fbem-8691	210	14	“	"	PUNCT
fbem-8691	210	15	the	the	DET
fbem-8691	210	16	financialization	financialization	NOUN
fbem-8691	210	17	of	of	ADP
fbem-8691	210	18	international	international	ADJ
fbem-8691	210	19	commodity	commodity	NOUN
fbem-8691	210	20	market	market	NOUN
fbem-8691	210	21	and	and	CCONJ
fbem-8691	210	22	chinese	chinese	ADJ
fbem-8691	210	23	macroeconomic	macroeconomic	ADJ
fbem-8691	210	24	fluctuations	fluctuation	NOUN
fbem-8691	210	25	,	,	PUNCT
fbem-8691	210	26	”	"	PUNCT
fbem-8691	210	27	journal	journal	NOUN
fbem-8691	210	28	of	of	ADP
fbem-8691	210	29	financial	financial	ADJ
fbem-8691	210	30	research	research	NOUN
fbem-8691	210	31	,	,	PUNCT
fbem-8691	210	32	vol	vol	NOUN
fbem-8691	210	33	.	.	PROPN
fbem-8691	210	34	00	00	NUM
fbem-8691	210	35	,	,	PUNCT
fbem-8691	210	36	no	no	INTJ
fbem-8691	210	37	.	.	NOUN
fbem-8691	210	38	01	01	NUM
fbem-8691	210	39	,	,	PUNCT
fbem-8691	210	40	2017	2017	NUM
fbem-8691	210	41	,	,	PUNCT
fbem-8691	210	42	pp	pp	ADJ
fbem-8691	210	43	.	.	PUNCT
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fbem-8691	210	45	-	-	SYM
fbem-8691	210	46	51	51	NUM
fbem-8691	211	1	.	.	PUNCT
fbem-8691	211	2	doi	doi	NOUN
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fbem-8691	211	4	cnki	cnki	ADJ
fbem-8691	211	5	:	:	PUNCT
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fbem-8691	211	7	:	:	PUNCT
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fbem-8691	211	9	-	-	PUNCT
fbem-8691	211	10	01	01	NUM
fbem-8691	211	11	-	-	PUNCT
fbem-8691	211	12	003	003	NUM
fbem-8691	211	13	.	.	PUNCT
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fbem-8691	212	2	9	9	NUM
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fbem-8691	212	4	y.	y.	PROPN
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fbem-8691	212	6	and	and	CCONJ
fbem-8691	212	7	t.	t.	PROPN
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fbem-8691	212	9	,	,	PUNCT
fbem-8691	212	10	“	"	PUNCT
fbem-8691	212	11	research	research	NOUN
fbem-8691	212	12	on	on	ADP
fbem-8691	212	13	the	the	DET
fbem-8691	212	14	relationship	relationship	NOUN
fbem-8691	212	15	of	of	ADP
fbem-8691	212	16	energy	energy	NOUN
fbem-8691	212	17	product	product	NOUN
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fbem-8691	212	19	in	in	ADP
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fbem-8691	212	21	's	's	PART
fbem-8691	212	22	commodity	commodity	NOUN
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fbem-8691	212	32	,	,	PUNCT
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fbem-8691	212	34	.	.	NOUN
fbem-8691	212	35	05	05	NUM
fbem-8691	212	36	,	,	PUNCT
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fbem-8691	212	38	,	,	PUNCT
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fbem-8691	213	2	-	-	SYM
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fbem-8691	213	8	.	.	PUNCT
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fbem-8691	214	7	x.	x.	PROPN
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fbem-8691	214	10	and	and	CCONJ
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fbem-8691	214	13	,	,	PUNCT
fbem-8691	214	14	“	"	PUNCT
fbem-8691	214	15	an	an	DET
fbem-8691	214	16	empirical	empirical	ADJ
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fbem-8691	214	23	,	,	PUNCT
fbem-8691	214	24	”	"	PUNCT
fbem-8691	214	25	coal	coal	NOUN
fbem-8691	214	26	economic	economic	ADJ
fbem-8691	214	27	research	research	NOUN
fbem-8691	214	28	,	,	PUNCT
fbem-8691	214	29	vol	vol	NOUN
fbem-8691	214	30	.	.	PROPN
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fbem-8691	214	32	,	,	PUNCT
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fbem-8691	214	34	.	.	NOUN
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fbem-8691	214	36	,	,	PUNCT
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fbem-8691	214	38	,	,	PUNCT
fbem-8691	214	39	pp	pp	ADV
fbem-8691	214	40	.	.	PUNCT
fbem-8691	215	1	12	12	NUM
fbem-8691	215	2	-	-	SYM
fbem-8691	215	3	18	18	NUM
fbem-8691	215	4	.	.	PUNCT
fbem-8691	216	1	doi:10.13202	doi:10.13202	NOUN
fbem-8691	216	2	/	/	SYM
fbem-8691	216	3	j.cnki.cer.2020.09.003	j.cnki.cer.2020.09.003	PROPN
fbem-8691	216	4	.	.	PUNCT
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fbem-8691	217	6	and	and	CCONJ
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fbem-8691	217	9	,	,	PUNCT
fbem-8691	217	10	“	"	PUNCT
fbem-8691	217	11	influencing	influence	VERB
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fbem-8691	217	17	in	in	ADP
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fbem-8691	217	22	svar	svar	PROPN
fbem-8691	217	23	model	model	PROPN
fbem-8691	217	24	,	,	PUNCT
fbem-8691	217	25	”	"	PUNCT
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fbem-8691	217	29	jiaotong	jiaotong	PROPN
fbem-8691	217	30	university(social	university(social	PROPN
fbem-8691	217	31	sciences	science	NOUN
fbem-8691	217	32	)	)	PUNCT
fbem-8691	217	33	,	,	PUNCT
fbem-8691	217	34	vol	vol	NOUN
fbem-8691	217	35	.	.	PROPN
fbem-8691	217	36	40	40	NUM
fbem-8691	217	37	,	,	PUNCT
fbem-8691	217	38	no	no	INTJ
fbem-8691	217	39	.	.	NOUN
fbem-8691	217	40	03	03	NUM
fbem-8691	217	41	,	,	PUNCT
fbem-8691	217	42	2020	2020	NUM
fbem-8691	217	43	,	,	PUNCT
fbem-8691	217	44	pp	pp	ADV
fbem-8691	217	45	.	.	PUNCT
fbem-8691	218	1	101	101	NUM
fbem-8691	218	2	-	-	SYM
fbem-8691	218	3	108	108	NUM
fbem-8691	218	4	+	+	NOUN
fbem-8691	218	5	140	140	NUM
fbem-8691	218	6	.	.	PUNCT
fbem-8691	218	7	doi:10.15896	doi:10.15896	PROPN
fbem-8691	218	8	/	/	SYM
fbem-8691	218	9	j.xjtuskxb.202003012	j.xjtuskxb.202003012	PROPN
fbem-8691	218	10	.	.	PUNCT
fbem-8691	219	1	[	[	X
fbem-8691	219	2	12	12	NUM
fbem-8691	219	3	]	]	PUNCT
fbem-8691	219	4	q.	q.	PROPN
fbem-8691	219	5	dai	dai	PROPN
fbem-8691	219	6	,	,	PUNCT
fbem-8691	219	7	y.	y.	PROPN
fbem-8691	219	8	fang	fang	PROPN
fbem-8691	219	9	,	,	PUNCT
fbem-8691	219	10	and	and	CCONJ
fbem-8691	219	11	j.	j.	PROPN
fbem-8691	219	12	yu	yu	PROPN
fbem-8691	219	13	,	,	PUNCT
fbem-8691	219	14	“	"	PUNCT
fbem-8691	219	15	research	research	NOUN
fbem-8691	219	16	on	on	ADP
fbem-8691	219	17	coal	coal	NOUN
fbem-8691	219	18	price	price	NOUN
fbem-8691	219	19	forecast	forecast	NOUN
fbem-8691	219	20	based	base	VERB
fbem-8691	219	21	on	on	ADP
fbem-8691	219	22	exponential	exponential	ADJ
fbem-8691	219	23	smoothing	smoothing	NOUN
fbem-8691	219	24	forecast	forecast	NOUN
fbem-8691	219	25	and	and	CCONJ
fbem-8691	219	26	multiple	multiple	ADJ
fbem-8691	219	27	linear	linear	ADJ
fbem-8691	219	28	regression	regression	NOUN
fbem-8691	219	29	,	,	PUNCT
fbem-8691	219	30	”	"	PUNCT
fbem-8691	219	31	financial	financial	ADJ
fbem-8691	219	32	engineering	engineering	NOUN
fbem-8691	219	33	and	and	CCONJ
fbem-8691	219	34	risk	risk	NOUN
fbem-8691	219	35	management	management	NOUN
fbem-8691	219	36	,	,	PUNCT
fbem-8691	219	37	vol	vol	NOUN
fbem-8691	219	38	.	.	PROPN
fbem-8691	219	39	4	4	NUM
fbem-8691	219	40	,	,	PUNCT
fbem-8691	219	41	2021	2021	NUM
fbem-8691	219	42	,	,	PUNCT
fbem-8691	219	43	pp	pp	ADJ
fbem-8691	219	44	.	.	PUNCT
fbem-8691	220	1	59	59	NUM
fbem-8691	220	2	-	-	SYM
fbem-8691	220	3	63	63	NUM
fbem-8691	220	4	.	.	PUNCT
fbem-8691	221	1	doi:10.23977	doi:10.23977	NOUN
fbem-8691	221	2	/	/	SYM
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fbem-8691	221	4	.	.	PUNCT
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fbem-8691	222	2	13	13	NUM
fbem-8691	222	3	]	]	X
fbem-8691	222	4	y.	y.	PROPN
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fbem-8691	222	6	,	,	PUNCT
fbem-8691	222	7	k.	k.	PROPN
fbem-8691	222	8	yuan	yuan	PROPN
fbem-8691	222	9	,	,	PUNCT
fbem-8691	222	10	and	and	CCONJ
fbem-8691	222	11	l.	l.	PROPN
fbem-8691	222	12	dai	dai	PROPN
fbem-8691	222	13	,	,	PUNCT
fbem-8691	222	14	“	"	PUNCT
fbem-8691	222	15	research	research	NOUN
fbem-8691	222	16	on	on	ADP
fbem-8691	222	17	coal	coal	NOUN
fbem-8691	222	18	price	price	NOUN
fbem-8691	222	19	forecast	forecast	NOUN
fbem-8691	222	20	based	base	VERB
fbem-8691	222	21	on	on	ADP
fbem-8691	222	22	arima	arima	PROPN
fbem-8691	222	23	and	and	CCONJ
fbem-8691	222	24	svm	svm	ADJ
fbem-8691	222	25	combination	combination	NOUN
fbem-8691	222	26	model	model	NOUN
fbem-8691	222	27	,	,	PUNCT
fbem-8691	222	28	”	"	PUNCT
fbem-8691	222	29	e3s	e3s	PROPN
fbem-8691	222	30	web	web	NOUN
fbem-8691	222	31	of	of	ADP
fbem-8691	222	32	conferences	conference	NOUN
fbem-8691	222	33	,	,	PUNCT
fbem-8691	222	34	257	257	NUM
fbem-8691	222	35	,	,	PUNCT
fbem-8691	222	36	02008	02008	NUM
fbem-8691	222	37	(	(	PUNCT
fbem-8691	222	38	2021	2021	NUM
fbem-8691	222	39	)	)	PUNCT
fbem-8691	222	40	.	.	PUNCT
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fbem-8691	223	2	/	/	SYM
fbem-8691	223	3	e3sconf/202125702008	e3sconf/202125702008	NOUN
fbem-8691	223	4	.	.	PUNCT
fbem-8691	224	1	[	[	X
fbem-8691	224	2	14	14	NUM
fbem-8691	224	3	]	]	PUNCT
fbem-8691	224	4	x.	x.	NOUN
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fbem-8691	224	6	,	,	PUNCT
fbem-8691	224	7	j.	j.	PROPN
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fbem-8691	224	9	,	,	PUNCT
fbem-8691	224	10	and	and	CCONJ
fbem-8691	224	11	d.	d.	PROPN
fbem-8691	224	12	ren	ren	PROPN
fbem-8691	224	13	,	,	PUNCT
fbem-8691	224	14	“	"	PUNCT
fbem-8691	224	15	coal	coal	NOUN
fbem-8691	224	16	price	price	NOUN
fbem-8691	224	17	forecasting	forecasting	NOUN
fbem-8691	224	18	and	and	CCONJ
fbem-8691	224	19	structural	structural	ADJ
fbem-8691	224	20	analysis	analysis	NOUN
fbem-8691	224	21	in	in	ADP
fbem-8691	224	22	china	china	PROPN
fbem-8691	224	23	,	,	PUNCT
fbem-8691	224	24	”	"	PUNCT
fbem-8691	224	25	discrete	discrete	ADJ
fbem-8691	224	26	dynamics	dynamic	NOUN
fbem-8691	224	27	in	in	ADP
fbem-8691	224	28	nature	nature	NOUN
fbem-8691	224	29	and	and	CCONJ
fbem-8691	224	30	society	society	NOUN
fbem-8691	224	31	,	,	PUNCT
fbem-8691	224	32	2016	2016	NUM
fbem-8691	224	33	,	,	PUNCT
fbem-8691	224	34	pp	pp	ADJ
fbem-8691	224	35	.	.	PUNCT
fbem-8691	225	1	1	1	NUM
fbem-8691	225	2	-	-	SYM
fbem-8691	225	3	7	7	NUM
fbem-8691	225	4	.	.	PUNCT
fbem-8691	225	5	doi:10.1155/2016/1256168	doi:10.1155/2016/1256168	NOUN
fbem-8691	225	6	.	.	PUNCT
fbem-8691	226	1	[	[	X
fbem-8691	226	2	15	15	NUM
fbem-8691	226	3	]	]	X
fbem-8691	226	4	q.	q.	PROPN
fbem-8691	226	5	yang	yang	PROPN
fbem-8691	226	6	and	and	CCONJ
fbem-8691	226	7	l.	l.	PROPN
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fbem-8691	226	9	,	,	PUNCT
fbem-8691	226	10	“	"	PUNCT
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fbem-8691	226	13	application	application	NOUN
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fbem-8691	226	15	china	china	PROPN
fbem-8691	226	16	's	's	PART
fbem-8691	226	17	coal	coal	NOUN
fbem-8691	226	18	price	price	NOUN
fbem-8691	226	19	elasticity	elasticity	NOUN
fbem-8691	226	20	of	of	ADP
fbem-8691	226	21	supply	supply	NOUN
fbem-8691	226	22	,	,	PUNCT
fbem-8691	226	23	”	"	PUNCT
fbem-8691	226	24	journal	journal	NOUN
fbem-8691	226	25	of	of	ADP
fbem-8691	226	26	china	china	PROPN
fbem-8691	226	27	university	university	PROPN
fbem-8691	226	28	of	of	ADP
fbem-8691	226	29	mining	mining	PROPN
fbem-8691	226	30	&	&	CCONJ
fbem-8691	226	31	technology(social	technology(social	PROPN
fbem-8691	226	32	sciences	science	NOUN
fbem-8691	226	33	)	)	PUNCT
fbem-8691	226	34	,	,	PUNCT
fbem-8691	226	35	vol	vol	NOUN
fbem-8691	226	36	.	.	PROPN
fbem-8691	226	37	21	21	NUM
fbem-8691	226	38	,	,	PUNCT
fbem-8691	226	39	no	no	INTJ
fbem-8691	226	40	.	.	NOUN
fbem-8691	226	41	02	02	NUM
fbem-8691	226	42	,	,	PUNCT
fbem-8691	226	43	2019	2019	NUM
fbem-8691	226	44	,	,	PUNCT
fbem-8691	226	45	pp	pp	ADJ
fbem-8691	226	46	.	.	PUNCT
fbem-8691	227	1	75	75	NUM
fbem-8691	227	2	-	-	SYM
fbem-8691	227	3	90	90	NUM
fbem-8691	227	4	.	.	PUNCT
fbem-8691	228	1	doi	doi	NOUN
fbem-8691	228	2	:	:	PUNCT
fbem-8691	228	3	cnki	cnki	ADJ
fbem-8691	228	4	:	:	PUNCT
fbem-8691	228	5	sun	sun	NOUN
fbem-8691	228	6	:	:	PUNCT
fbem-8691	228	7	kdsk.0.2019	kdsk.0.2019	X
fbem-8691	228	8	-	-	PUNCT
fbem-8691	228	9	02	02	NUM
fbem-8691	228	10	-	-	PUNCT
fbem-8691	228	11	008	008	NUM
fbem-8691	228	12	.	.	PUNCT
fbem-8691	229	1	[	[	X
fbem-8691	229	2	16	16	NUM
fbem-8691	229	3	]	]	X
fbem-8691	229	4	h.	h.	PROPN
fbem-8691	229	5	li	li	PROPN
fbem-8691	229	6	and	and	CCONJ
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fbem-8691	229	8	an	an	PRON
fbem-8691	229	9	,	,	PUNCT
fbem-8691	229	10	“	"	PUNCT
fbem-8691	229	11	how	how	SCONJ
fbem-8691	229	12	does	do	AUX
fbem-8691	229	13	the	the	DET
fbem-8691	229	14	coal	coal	NOUN
fbem-8691	229	15	stock	stock	NOUN
fbem-8691	229	16	market	market	NOUN
fbem-8691	229	17	,	,	PUNCT
fbem-8691	229	18	carbon	carbon	NOUN
fbem-8691	229	19	market	market	NOUN
fbem-8691	229	20	and	and	CCONJ
fbem-8691	229	21	coal	coal	NOUN
fbem-8691	229	22	price	price	NOUN
fbem-8691	229	23	co	co	NOUN
fbem-8691	229	24	-	-	NOUN
fbem-8691	229	25	movement	movement	NOUN
fbem-8691	229	26	with	with	ADP
fbem-8691	229	27	each	each	DET
fbem-8691	229	28	other	other	ADJ
fbem-8691	229	29	in	in	ADP
fbem-8691	229	30	china	china	PROPN
fbem-8691	229	31	:	:	PUNCT
fbem-8691	229	32	a	a	DET
fbem-8691	229	33	co	co	NOUN
fbem-8691	229	34	-	-	NOUN
fbem-8691	229	35	movement	movement	ADJ
fbem-8691	229	36	matrix	matrix	NOUN
fbem-8691	229	37	transmission	transmission	NOUN
fbem-8691	229	38	network	network	NOUN
fbem-8691	229	39	perspective	perspective	NOUN
fbem-8691	229	40	,	,	PUNCT
fbem-8691	229	41	”	"	PUNCT
fbem-8691	229	42	energy	energy	NOUN
fbem-8691	229	43	procedia	procedia	NOUN
fbem-8691	229	44	,	,	PUNCT
fbem-8691	229	45	vol	vol	NOUN
fbem-8691	229	46	.	.	PROPN
fbem-8691	229	47	105	105	NUM
fbem-8691	229	48	,	,	PUNCT
fbem-8691	229	49	2017	2017	NUM
fbem-8691	229	50	,	,	PUNCT
fbem-8691	229	51	pp	pp	ADJ
fbem-8691	229	52	.	.	PUNCT
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fbem-8691	229	54	-	-	SYM
fbem-8691	229	55	3484	3484	NUM
fbem-8691	229	56	.	.	PUNCT
fbem-8691	230	1	doi:10.1016	doi:10.1016	PROPN
fbem-8691	230	2	/	/	SYM
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fbem-8691	230	4	.	.	PUNCT
fbem-8691	231	1	[	[	X
fbem-8691	231	2	17	17	NUM
fbem-8691	231	3	]	]	PUNCT
fbem-8691	231	4	z.	z.	PROPN
fbem-8691	231	5	yan	yan	PROPN
fbem-8691	231	6	,	,	PUNCT
fbem-8691	231	7	z.	z.	PROPN
fbem-8691	231	8	yu	yu	PROPN
fbem-8691	231	9	,	,	PUNCT
fbem-8691	231	10	and	and	CCONJ
fbem-8691	231	11	x.	x.	NOUN
fbem-8691	231	12	gu	gu	PROPN
fbem-8691	231	13	,	,	PUNCT
fbem-8691	231	14	“	"	PUNCT
fbem-8691	231	15	research	research	NOUN
fbem-8691	231	16	on	on	ADP
fbem-8691	231	17	conduction	conduction	NOUN
fbem-8691	231	18	mechanism	mechanism	NOUN
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fbem-8691	231	20	carbon	carbon	NOUN
fbem-8691	231	21	price	price	NOUN
fbem-8691	231	22	and	and	CCONJ
fbem-8691	231	23	coal	coal	NOUN
fbem-8691	231	24	future	future	ADJ
fbem-8691	231	25	price	price	NOUN
fbem-8691	231	26	in	in	ADP
fbem-8691	231	27	china	china	PROPN
fbem-8691	231	28	,	,	PUNCT
fbem-8691	231	29	”	"	PUNCT
fbem-8691	231	30	on	on	ADP
fbem-8691	231	31	economic	economic	ADJ
fbem-8691	231	32	problems	problem	NOUN
fbem-8691	231	33	,	,	PUNCT
fbem-8691	231	34	vol	vol	NOUN
fbem-8691	231	35	.	.	PROPN
fbem-8691	231	36	00	00	NUM
fbem-8691	231	37	,	,	PUNCT
fbem-8691	231	38	no	no	INTJ
fbem-8691	231	39	.	.	NOUN
fbem-8691	231	40	06	06	NUM
fbem-8691	231	41	,	,	PUNCT
fbem-8691	231	42	2022	2022	NUM
fbem-8691	231	43	,	,	PUNCT
fbem-8691	231	44	pp	pp	ADJ
fbem-8691	231	45	.	.	PUNCT
fbem-8691	231	46	6774	6774	NUM
fbem-8691	231	47	.	.	PUNCT
fbem-8691	232	1	doi:10.16011	doi:10.16011	PROPN
fbem-8691	232	2	/	/	SYM
fbem-8691	232	3	j.cnki.jjwt.2022.06.008	j.cnki.jjwt.2022.06.008	PROPN
fbem-8691	232	4	.	.	PUNCT
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fbem-8691	233	2	18	18	NUM
fbem-8691	233	3	]	]	PUNCT
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fbem-8691	233	7	x.	x.	PROPN
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fbem-8691	233	9	,	,	PUNCT
fbem-8691	233	10	“	"	PUNCT
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fbem-8691	233	12	on	on	ADP
fbem-8691	233	13	the	the	DET
fbem-8691	233	14	influence	influence	NOUN
fbem-8691	233	15	of	of	ADP
fbem-8691	233	16	financialization	financialization	NOUN
fbem-8691	233	17	factors	factor	NOUN
fbem-8691	233	18	on	on	ADP
fbem-8691	233	19	the	the	DET
fbem-8691	233	20	commodity	commodity	NOUN
fbem-8691	233	21	price	price	NOUN
fbem-8691	233	22	fluctuation	fluctuation	NOUN
fbem-8691	233	23	in	in	ADP
fbem-8691	233	24	china	china	PROPN
fbem-8691	233	25	:	:	PUNCT
fbem-8691	233	26	an	an	DET
fbem-8691	233	27	analysis	analysis	NOUN
fbem-8691	233	28	based	base	VERB
fbem-8691	233	29	on	on	ADP
fbem-8691	233	30	svar	svar	PROPN
fbem-8691	233	31	model	model	PROPN
fbem-8691	233	32	,	,	PUNCT
fbem-8691	233	33	”	"	PUNCT
fbem-8691	233	34	journal	journal	NOUN
fbem-8691	233	35	of	of	ADP
fbem-8691	233	36	shanghai	shanghai	PROPN
fbem-8691	233	37	lixin	lixin	PROPN
fbem-8691	233	38	university	university	PROPN
fbem-8691	233	39	of	of	ADP
fbem-8691	233	40	accounting	accounting	NOUN
fbem-8691	233	41	and	and	CCONJ
fbem-8691	233	42	finance	finance	NOUN
fbem-8691	233	43	,	,	PUNCT
fbem-8691	233	44	vol	vol	NOUN
fbem-8691	233	45	.	.	PROPN
fbem-8691	233	46	32	32	NUM
fbem-8691	233	47	,	,	PUNCT
fbem-8691	233	48	no	no	INTJ
fbem-8691	233	49	.	.	NOUN
fbem-8691	233	50	03	03	NUM
fbem-8691	233	51	,	,	PUNCT
fbem-8691	233	52	2020	2020	NUM
fbem-8691	233	53	,	,	PUNCT
fbem-8691	233	54	pp	pp	ADV
fbem-8691	233	55	.	.	PUNCT
fbem-8691	234	1	3	3	NUM
fbem-8691	234	2	-	-	SYM
fbem-8691	234	3	15	15	NUM
fbem-8691	234	4	.	.	PUNCT
fbem-8691	235	1	doi:10.13230	doi:10.13230	PROPN
fbem-8691	235	2	/	/	SYM
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fbem-8691	235	4	.	.	PUNCT
fbem-8691	236	1	[	[	X
fbem-8691	236	2	19	19	NUM
fbem-8691	236	3	]	]	PUNCT
fbem-8691	236	4	x.	x.	PROPN
fbem-8691	236	5	yan	yan	PROPN
fbem-8691	236	6	,	,	PUNCT
fbem-8691	236	7	z.	z.	PROPN
fbem-8691	236	8	su	su	PROPN
fbem-8691	236	9	,	,	PUNCT
fbem-8691	236	10	and	and	CCONJ
fbem-8691	236	11	n.	n.	PROPN
fbem-8691	236	12	ding	ding	NOUN
fbem-8691	236	13	,	,	PUNCT
fbem-8691	236	14	“	"	PUNCT
fbem-8691	236	15	research	research	NOUN
fbem-8691	236	16	on	on	ADP
fbem-8691	236	17	the	the	DET
fbem-8691	236	18	fluctuation	fluctuation	NOUN
fbem-8691	236	19	patterns	pattern	NOUN
fbem-8691	236	20	of	of	ADP
fbem-8691	236	21	coal	coal	NOUN
fbem-8691	236	22	prices	price	NOUN
fbem-8691	236	23	in	in	ADP
fbem-8691	236	24	economic	economic	ADJ
fbem-8691	236	25	cycles	cycle	NOUN
fbem-8691	236	26	,	,	PUNCT
fbem-8691	236	27	”	"	PUNCT
fbem-8691	236	28	co	co	ADJ
fbem-8691	236	29	-	-	ADJ
fbem-8691	236	30	operative	operative	ADJ
fbem-8691	236	31	economy	economy	NOUN
fbem-8691	236	32	&	&	CCONJ
fbem-8691	236	33	science	science	NOUN
fbem-8691	236	34	,	,	PUNCT
fbem-8691	236	35	vol	vol	NOUN
fbem-8691	236	36	.	.	PROPN
fbem-8691	236	37	00	00	NUM
fbem-8691	236	38	,	,	PUNCT
fbem-8691	236	39	no	no	INTJ
fbem-8691	236	40	.	.	NOUN
fbem-8691	236	41	05	05	NUM
fbem-8691	236	42	,	,	PUNCT
fbem-8691	236	43	2023	2023	NUM
fbem-8691	236	44	,	,	PUNCT
fbem-8691	236	45	pp	pp	ADJ
fbem-8691	236	46	.	.	PUNCT
fbem-8691	237	1	28	28	NUM
fbem-8691	237	2	-	-	SYM
fbem-8691	237	3	30	30	NUM
fbem-8691	237	4	.	.	PUNCT
fbem-8691	238	1	doi:10.13665	doi:10.13665	ADJ
fbem-8691	238	2	/	/	SYM
fbem-8691	238	3	j.cnki.hzjjykj.2023.05.043	j.cnki.hzjjykj.2023.05.043	NOUN
fbem-8691	238	4	.	.	PUNCT
fbem-8691	239	1	[	[	X
fbem-8691	239	2	20	20	NUM
fbem-8691	239	3	]	]	PUNCT
fbem-8691	239	4	t.	t.	PROPN
fbem-8691	239	5	li	li	PROPN
fbem-8691	239	6	,	,	PUNCT
fbem-8691	239	7	“	"	PUNCT
fbem-8691	239	8	thrilling	thrill	VERB
fbem-8691	239	9	ups	up	NOUN
fbem-8691	239	10	and	and	CCONJ
fbem-8691	239	11	downs	down	NOUN
fbem-8691	239	12	:	:	PUNCT
fbem-8691	239	13	a	a	DET
fbem-8691	239	14	review	review	NOUN
fbem-8691	239	15	of	of	ADP
fbem-8691	239	16	the	the	DET
fbem-8691	239	17	coal	coal	NOUN
fbem-8691	239	18	market	market	NOUN
fbem-8691	239	19	in	in	ADP
fbem-8691	239	20	2021	2021	NUM
fbem-8691	239	21	,	,	PUNCT
fbem-8691	239	22	”	"	PUNCT
fbem-8691	239	23	china	china	PROPN
fbem-8691	239	24	petrochemical	petrochemical	PROPN
fbem-8691	239	25	industry	industry	PROPN
fbem-8691	239	26	observer	observer	PROPN
fbem-8691	239	27	,	,	PUNCT
fbem-8691	239	28	no	no	INTJ
fbem-8691	239	29	.	.	PUNCT
fbem-8691	240	1	z1	z1	NOUN
fbem-8691	240	2	,	,	PUNCT
fbem-8691	240	3	2022	2022	NUM
fbem-8691	240	4	,	,	PUNCT
fbem-8691	240	5	pp	pp	ADJ
fbem-8691	240	6	.	.	PUNCT
fbem-8691	241	1	74	74	NUM
fbem-8691	241	2	-	-	SYM
fbem-8691	241	3	76	76	NUM
fbem-8691	241	4	.	.	PUNCT
fbem-8691	242	1	doi	doi	NOUN
fbem-8691	242	2	:	:	PUNCT
fbem-8691	242	3	cnki	cnki	ADJ
fbem-8691	242	4	:	:	PUNCT
fbem-8691	242	5	sun	sun	NOUN
fbem-8691	242	6	:	:	PUNCT
fbem-8691	242	7	syfx.0.2022	syfx.0.2022	NOUN
fbem-8691	242	8	-	-	PUNCT
fbem-8691	242	9	z1	z1	VERB
fbem-8691	242	10	-	-	PUNCT
fbem-8691	242	11	019	019	NUM
fbem-8691	242	12	.	.	PUNCT
fbem-8691	243	1	[	[	X
fbem-8691	243	2	21	21	NUM
fbem-8691	243	3	]	]	PUNCT
fbem-8691	243	4	x.	x.	NOUN
fbem-8691	243	5	yuan	yuan	PROPN
fbem-8691	243	6	and	and	CCONJ
fbem-8691	243	7	w.	w.	PROPN
fbem-8691	243	8	li	li	PROPN
fbem-8691	243	9	,	,	PUNCT
fbem-8691	243	10	“	"	PUNCT
fbem-8691	243	11	analysis	analysis	NOUN
fbem-8691	243	12	of	of	ADP
fbem-8691	243	13	coal	coal	NOUN
fbem-8691	243	14	price	price	NOUN
fbem-8691	243	15	fluctuation	fluctuation	NOUN
fbem-8691	243	16	characteristics	characteristic	NOUN
fbem-8691	243	17	and	and	CCONJ
fbem-8691	243	18	influencing	influence	VERB
fbem-8691	243	19	factors	factor	NOUN
fbem-8691	243	20	in	in	ADP
fbem-8691	243	21	the	the	DET
fbem-8691	243	22	context	context	NOUN
fbem-8691	243	23	of	of	ADP
fbem-8691	243	24	environmental	environmental	ADJ
fbem-8691	243	25	uncertainty	uncertainty	NOUN
fbem-8691	243	26	,	,	PUNCT
fbem-8691	243	27	”	"	PUNCT
fbem-8691	243	28	coal	coal	NOUN
fbem-8691	243	29	economic	economic	ADJ
fbem-8691	243	30	research	research	NOUN
fbem-8691	243	31	,	,	PUNCT
fbem-8691	243	32	vol	vol	NOUN
fbem-8691	243	33	.	.	PROPN
fbem-8691	244	1	42	42	NUM
fbem-8691	244	2	,	,	PUNCT
fbem-8691	244	3	no	no	INTJ
fbem-8691	244	4	.	.	NOUN
fbem-8691	244	5	11	11	NUM
fbem-8691	244	6	,	,	PUNCT
fbem-8691	244	7	2022	2022	NUM
fbem-8691	244	8	,	,	PUNCT
fbem-8691	244	9	pp	pp	ADJ
fbem-8691	244	10	.	.	PUNCT
fbem-8691	245	1	4	4	NUM
fbem-8691	245	2	-	-	SYM
fbem-8691	245	3	10	10	NUM
fbem-8691	245	4	.	.	PUNCT
fbem-8691	246	1	doi:10.13202	doi:10.13202	NOUN
fbem-8691	246	2	/	/	SYM
fbem-8691	246	3	j.cnki.cer.2022.11.002	j.cnki.cer.2022.11.002	NOUN
fbem-8691	246	4	.	.	PUNCT
fbem-8691	246	5	.	.	PUNCT
fbem-8691	247	1	[	[	X
fbem-8691	247	2	22	22	NUM
fbem-8691	247	3	]	]	PUNCT
fbem-8691	247	4	l.	l.	PROPN
fbem-8691	247	5	liu	liu	PROPN
fbem-8691	247	6	and	and	CCONJ
fbem-8691	247	7	w.	w.	PROPN
fbem-8691	247	8	yang	yang	PROPN
fbem-8691	247	9	,	,	PUNCT
fbem-8691	247	10	“	"	PUNCT
fbem-8691	247	11	market	market	NOUN
fbem-8691	247	12	sentiment	sentiment	NOUN
fbem-8691	247	13	,	,	PUNCT
fbem-8691	247	14	futures	future	NOUN
fbem-8691	247	15	price	price	NOUN
fbem-8691	247	16	and	and	CCONJ
fbem-8691	247	17	spot	spot	NOUN
fbem-8691	247	18	price	price	NOUN
fbem-8691	247	19	of	of	ADP
fbem-8691	247	20	steam	steam	NOUN
fbem-8691	247	21	coal	coal	NOUN
fbem-8691	247	22	empirical	empirical	ADJ
fbem-8691	247	23	research	research	NOUN
fbem-8691	247	24	based	base	VERB
fbem-8691	247	25	on	on	ADP
fbem-8691	247	26	the	the	DET
fbem-8691	247	27	model	model	NOUN
fbem-8691	247	28	of	of	ADP
fbem-8691	247	29	msvar	msvar	NOUN
fbem-8691	247	30	-	-	PUNCT
fbem-8691	247	31	full	full	ADJ
fbem-8691	247	32	bekk	bekk	NOUN
fbem-8691	247	33	-	-	PUNCT
fbem-8691	247	34	garch	garch	NOUN
fbem-8691	247	35	,	,	PUNCT
fbem-8691	247	36	”	"	PUNCT
fbem-8691	247	37	price	price	NOUN
fbem-8691	247	38	:	:	PUNCT
fbem-8691	247	39	theory	theory	NOUN
fbem-8691	247	40	&	&	CCONJ
fbem-8691	247	41	practice	practice	NOUN
fbem-8691	247	42	,	,	PUNCT
fbem-8691	247	43	vol	vol	NOUN
fbem-8691	247	44	.	.	PROPN
fbem-8691	247	45	00	00	NUM
fbem-8691	247	46	,	,	PUNCT
fbem-8691	247	47	no	no	INTJ
fbem-8691	247	48	.	.	NOUN
fbem-8691	247	49	03	03	NUM
fbem-8691	247	50	,	,	PUNCT
fbem-8691	247	51	2016	2016	NUM
fbem-8691	247	52	,	,	PUNCT
fbem-8691	247	53	pp	pp	ADJ
fbem-8691	247	54	.	.	PUNCT
fbem-8691	248	1	109	109	NUM
fbem-8691	248	2	-	-	SYM
fbem-8691	248	3	112	112	NUM
fbem-8691	248	4	.	.	PUNCT
fbem-8691	248	5	doi:10.19851	doi:10.19851	PROPN
fbem-8691	248	6	/	/	SYM
fbem-8691	248	7	j.cnki.cn11	j.cnki.cn11	PROPN
fbem-8691	248	8	-	-	PUNCT
fbem-8691	248	9	1010	1010	NUM
fbem-8691	248	10	/	/	SYM
fbem-8691	248	11	f.2016.03.026	f.2016.03.026	PROPN
fbem-8691	248	12	.	.	PUNCT