id	sid	tid	token	lemma	pos
fbem-9143	1	1	frontiers	frontier	NOUN
fbem-9143	1	2	in	in	ADP
fbem-9143	1	3	business	business	NOUN
fbem-9143	1	4	,	,	PUNCT
fbem-9143	1	5	economics	economic	NOUN
fbem-9143	1	6	and	and	CCONJ
fbem-9143	1	7	management	management	NOUN
fbem-9143	1	8	issn	issn	PROPN
fbem-9143	1	9	:	:	PUNCT
fbem-9143	1	10	2766	2766	NUM
fbem-9143	1	11	-	-	PUNCT
fbem-9143	1	12	824x	824x	NUM
fbem-9143	1	13	|	|	ADJ
fbem-9143	1	14	vol	vol	NOUN
fbem-9143	1	15	.	.	PROPN
fbem-9143	2	1	9	9	NUM
fbem-9143	2	2	,	,	PUNCT
fbem-9143	2	3	no	no	INTJ
fbem-9143	2	4	.	.	NOUN
fbem-9143	2	5	2	2	NUM
fbem-9143	2	6	,	,	PUNCT
fbem-9143	2	7	2023	2023	NUM
fbem-9143	2	8	141	141	NUM
fbem-9143	2	9	digital	digital	ADJ
fbem-9143	2	10	finance	finance	NOUN
fbem-9143	2	11	and	and	CCONJ
fbem-9143	2	12	the	the	DET
fbem-9143	2	13	efficiency	efficiency	NOUN
fbem-9143	2	14	of	of	ADP
fbem-9143	2	15	financial	financial	ADJ
fbem-9143	2	16	support	support	NOUN
fbem-9143	2	17	for	for	ADP
fbem-9143	2	18	the	the	DET
fbem-9143	2	19	real	real	ADJ
fbem-9143	2	20	economy	economy	NOUN
fbem-9143	2	21	:	:	PUNCT
fbem-9143	2	22	empirical	empirical	ADJ
fbem-9143	2	23	evidence	evidence	NOUN
fbem-9143	2	24	from	from	ADP
fbem-9143	2	25	china	china	PROPN
fbem-9143	2	26	lin	lin	PROPN
fbem-9143	2	27	zhu	zhu	PROPN
fbem-9143	2	28	school	school	PROPN
fbem-9143	2	29	of	of	ADP
fbem-9143	2	30	finance	finance	NOUN
fbem-9143	2	31	,	,	PUNCT
fbem-9143	2	32	anhui	anhui	PROPN
fbem-9143	2	33	university	university	PROPN
fbem-9143	2	34	of	of	ADP
fbem-9143	2	35	finance	finance	NOUN
fbem-9143	2	36	and	and	CCONJ
fbem-9143	2	37	economics	economic	NOUN
fbem-9143	2	38	,	,	PUNCT
fbem-9143	2	39	bengbu	bengbu	NOUN
fbem-9143	2	40	,	,	PUNCT
fbem-9143	2	41	anhui	anhui	PROPN
fbem-9143	2	42	233000	233000	NUM
fbem-9143	2	43	,	,	PUNCT
fbem-9143	2	44	china	china	PROPN
fbem-9143	2	45	abstract	abstract	NOUN
fbem-9143	2	46	:	:	PUNCT
fbem-9143	2	47	based	base	VERB
fbem-9143	2	48	on	on	ADP
fbem-9143	2	49	the	the	DET
fbem-9143	2	50	provincial	provincial	ADJ
fbem-9143	2	51	panel	panel	NOUN
fbem-9143	2	52	data	datum	NOUN
fbem-9143	2	53	from	from	ADP
fbem-9143	2	54	2013	2013	NUM
fbem-9143	2	55	to	to	ADP
fbem-9143	2	56	2020	2020	NUM
fbem-9143	2	57	in	in	ADP
fbem-9143	2	58	china	china	PROPN
fbem-9143	2	59	,	,	PUNCT
fbem-9143	2	60	this	this	DET
fbem-9143	2	61	paper	paper	NOUN
fbem-9143	2	62	uses	use	VERB
fbem-9143	2	63	the	the	DET
fbem-9143	2	64	two	two	NUM
fbem-9143	2	65	-	-	PUNCT
fbem-9143	2	66	way	way	NOUN
fbem-9143	2	67	fixed	fix	VERB
fbem-9143	2	68	effect	effect	NOUN
fbem-9143	2	69	model	model	NOUN
fbem-9143	2	70	and	and	CCONJ
fbem-9143	2	71	the	the	DET
fbem-9143	2	72	dynamic	dynamic	ADJ
fbem-9143	2	73	system	system	NOUN
fbem-9143	2	74	gmm	gmm	PROPN
fbem-9143	2	75	model	model	NOUN
fbem-9143	2	76	to	to	PART
fbem-9143	2	77	study	study	VERB
fbem-9143	2	78	the	the	DET
fbem-9143	2	79	relationship	relationship	NOUN
fbem-9143	2	80	between	between	ADP
fbem-9143	2	81	the	the	DET
fbem-9143	2	82	development	development	NOUN
fbem-9143	2	83	of	of	ADP
fbem-9143	2	84	digital	digital	ADJ
fbem-9143	2	85	finance	finance	NOUN
fbem-9143	2	86	and	and	CCONJ
fbem-9143	2	87	the	the	DET
fbem-9143	2	88	improvement	improvement	NOUN
fbem-9143	2	89	of	of	ADP
fbem-9143	2	90	the	the	DET
fbem-9143	2	91	efficiency	efficiency	NOUN
fbem-9143	2	92	of	of	ADP
fbem-9143	2	93	financial	financial	ADJ
fbem-9143	2	94	support	support	NOUN
fbem-9143	2	95	for	for	ADP
fbem-9143	2	96	the	the	DET
fbem-9143	2	97	real	real	ADJ
fbem-9143	2	98	economy	economy	NOUN
fbem-9143	2	99	.	.	PUNCT
fbem-9143	3	1	the	the	DET
fbem-9143	3	2	results	result	NOUN
fbem-9143	3	3	show	show	VERB
fbem-9143	3	4	that	that	SCONJ
fbem-9143	3	5	:	:	PUNCT
fbem-9143	3	6	digital	digital	ADJ
fbem-9143	3	7	finance	finance	NOUN
fbem-9143	3	8	can	can	AUX
fbem-9143	3	9	significantly	significantly	ADV
fbem-9143	3	10	improve	improve	VERB
fbem-9143	3	11	the	the	DET
fbem-9143	3	12	efficiency	efficiency	NOUN
fbem-9143	3	13	of	of	ADP
fbem-9143	3	14	financial	financial	ADJ
fbem-9143	3	15	support	support	NOUN
fbem-9143	3	16	to	to	ADP
fbem-9143	3	17	the	the	DET
fbem-9143	3	18	real	real	ADJ
fbem-9143	3	19	economy	economy	NOUN
fbem-9143	3	20	in	in	ADP
fbem-9143	3	21	china	china	PROPN
fbem-9143	3	22	;	;	PUNCT
fbem-9143	3	23	structural	structural	ADJ
fbem-9143	3	24	heterogeneity	heterogeneity	NOUN
fbem-9143	3	25	shows	show	VERB
fbem-9143	3	26	that	that	SCONJ
fbem-9143	3	27	,	,	PUNCT
fbem-9143	3	28	compared	compare	VERB
fbem-9143	3	29	with	with	ADP
fbem-9143	3	30	the	the	DET
fbem-9143	3	31	degree	degree	NOUN
fbem-9143	3	32	of	of	ADP
fbem-9143	3	33	digitization	digitization	NOUN
fbem-9143	3	34	,	,	PUNCT
fbem-9143	3	35	the	the	DET
fbem-9143	3	36	effectiveness	effectiveness	NOUN
fbem-9143	3	37	of	of	ADP
fbem-9143	3	38	coverage	coverage	NOUN
fbem-9143	3	39	and	and	CCONJ
fbem-9143	3	40	depth	depth	NOUN
fbem-9143	3	41	indicators	indicator	NOUN
fbem-9143	3	42	to	to	PART
fbem-9143	3	43	improve	improve	VERB
fbem-9143	3	44	the	the	DET
fbem-9143	3	45	efficiency	efficiency	NOUN
fbem-9143	3	46	of	of	ADP
fbem-9143	3	47	financial	financial	ADJ
fbem-9143	3	48	support	support	NOUN
fbem-9143	3	49	for	for	ADP
fbem-9143	3	50	the	the	DET
fbem-9143	3	51	real	real	ADJ
fbem-9143	3	52	economy	economy	NOUN
fbem-9143	3	53	is	be	AUX
fbem-9143	3	54	stronger	strong	ADJ
fbem-9143	3	55	;	;	PUNCT
fbem-9143	3	56	regional	regional	ADJ
fbem-9143	3	57	heterogeneity	heterogeneity	NOUN
fbem-9143	3	58	shows	show	VERB
fbem-9143	3	59	that	that	SCONJ
fbem-9143	3	60	the	the	DET
fbem-9143	3	61	impact	impact	NOUN
fbem-9143	3	62	of	of	ADP
fbem-9143	3	63	digital	digital	ADJ
fbem-9143	3	64	finance	finance	NOUN
fbem-9143	3	65	on	on	ADP
fbem-9143	3	66	the	the	DET
fbem-9143	3	67	efficiency	efficiency	NOUN
fbem-9143	3	68	of	of	ADP
fbem-9143	3	69	financial	financial	ADJ
fbem-9143	3	70	support	support	NOUN
fbem-9143	3	71	to	to	ADP
fbem-9143	3	72	the	the	DET
fbem-9143	3	73	real	real	ADJ
fbem-9143	3	74	economy	economy	NOUN
fbem-9143	3	75	in	in	ADP
fbem-9143	3	76	the	the	DET
fbem-9143	3	77	central	central	ADJ
fbem-9143	3	78	and	and	CCONJ
fbem-9143	3	79	eastern	eastern	ADJ
fbem-9143	3	80	regions	region	NOUN
fbem-9143	3	81	is	be	AUX
fbem-9143	3	82	stronger	strong	ADJ
fbem-9143	3	83	than	than	ADP
fbem-9143	3	84	that	that	PRON
fbem-9143	3	85	in	in	ADP
fbem-9143	3	86	the	the	DET
fbem-9143	3	87	western	western	ADJ
fbem-9143	3	88	regions	region	NOUN
fbem-9143	3	89	.	.	PUNCT
fbem-9143	4	1	keywords	keyword	NOUN
fbem-9143	4	2	:	:	PUNCT
fbem-9143	4	3	digital	digital	ADJ
fbem-9143	4	4	finance	finance	NOUN
fbem-9143	4	5	,	,	PUNCT
fbem-9143	4	6	real	real	ADJ
fbem-9143	4	7	economy	economy	NOUN
fbem-9143	4	8	,	,	PUNCT
fbem-9143	4	9	efficiency	efficiency	NOUN
fbem-9143	4	10	.	.	PUNCT
fbem-9143	5	1	1	1	X
fbem-9143	5	2	.	.	X
fbem-9143	5	3	introduction	introduction	NOUN
fbem-9143	5	4	the	the	DET
fbem-9143	5	5	real	real	ADJ
fbem-9143	5	6	economy	economy	NOUN
fbem-9143	5	7	is	be	AUX
fbem-9143	5	8	the	the	DET
fbem-9143	5	9	cornerstone	cornerstone	NOUN
fbem-9143	5	10	of	of	ADP
fbem-9143	5	11	a	a	DET
fbem-9143	5	12	country	country	NOUN
fbem-9143	5	13	's	's	PART
fbem-9143	5	14	economic	economic	ADJ
fbem-9143	5	15	development	development	NOUN
fbem-9143	5	16	.	.	PUNCT
fbem-9143	6	1	china	china	PROPN
fbem-9143	6	2	's	's	PART
fbem-9143	6	3	emphasis	emphasis	NOUN
fbem-9143	6	4	on	on	ADP
fbem-9143	6	5	the	the	DET
fbem-9143	6	6	development	development	NOUN
fbem-9143	6	7	of	of	ADP
fbem-9143	6	8	the	the	DET
fbem-9143	6	9	real	real	ADJ
fbem-9143	6	10	economy	economy	NOUN
fbem-9143	6	11	is	be	AUX
fbem-9143	6	12	a	a	DET
fbem-9143	6	13	major	major	ADJ
fbem-9143	6	14	strategic	strategic	ADJ
fbem-9143	6	15	direction	direction	NOUN
fbem-9143	6	16	for	for	ADP
fbem-9143	6	17	the	the	DET
fbem-9143	6	18	current	current	ADJ
fbem-9143	6	19	economic	economic	ADJ
fbem-9143	6	20	development	development	NOUN
fbem-9143	6	21	,	,	PUNCT
fbem-9143	6	22	an	an	DET
fbem-9143	6	23	important	important	ADJ
fbem-9143	6	24	support	support	NOUN
fbem-9143	6	25	for	for	ADP
fbem-9143	6	26	the	the	DET
fbem-9143	6	27	strategic	strategic	ADJ
fbem-9143	6	28	advantages	advantage	NOUN
fbem-9143	6	29	of	of	ADP
fbem-9143	6	30	future	future	ADJ
fbem-9143	6	31	development	development	NOUN
fbem-9143	6	32	,	,	PUNCT
fbem-9143	6	33	and	and	CCONJ
fbem-9143	6	34	the	the	DET
fbem-9143	6	35	foundation	foundation	NOUN
fbem-9143	6	36	for	for	ADP
fbem-9143	6	37	winning	win	VERB
fbem-9143	6	38	the	the	DET
fbem-9143	6	39	initiative	initiative	NOUN
fbem-9143	6	40	in	in	ADP
fbem-9143	6	41	the	the	DET
fbem-9143	6	42	international	international	ADJ
fbem-9143	6	43	economic	economic	ADJ
fbem-9143	6	44	competition	competition	NOUN
fbem-9143	6	45	(	(	PUNCT
fbem-9143	6	46	huang	huang	PROPN
fbem-9143	6	47	,	,	PUNCT
fbem-9143	6	48	2018	2018	NUM
fbem-9143	6	49	)	)	PUNCT
fbem-9143	7	1	[	[	X
fbem-9143	7	2	1	1	NUM
fbem-9143	7	3	]	]	PUNCT
fbem-9143	7	4	.	.	PUNCT
fbem-9143	8	1	following	follow	VERB
fbem-9143	8	2	the	the	DET
fbem-9143	8	3	report	report	NOUN
fbem-9143	8	4	of	of	ADP
fbem-9143	8	5	the	the	DET
fbem-9143	8	6	19th	19th	ADJ
fbem-9143	8	7	national	national	ADJ
fbem-9143	8	8	congress	congress	PROPN
fbem-9143	8	9	of	of	ADP
fbem-9143	8	10	the	the	DET
fbem-9143	8	11	communist	communist	PROPN
fbem-9143	8	12	party	party	PROPN
fbem-9143	8	13	of	of	ADP
fbem-9143	8	14	china	china	PROPN
fbem-9143	8	15	,	,	PUNCT
fbem-9143	8	16	the	the	DET
fbem-9143	8	17	report	report	NOUN
fbem-9143	8	18	of	of	ADP
fbem-9143	8	19	the	the	DET
fbem-9143	8	20	20th	20th	ADJ
fbem-9143	8	21	national	national	ADJ
fbem-9143	8	22	congress	congress	PROPN
fbem-9143	8	23	of	of	ADP
fbem-9143	8	24	the	the	DET
fbem-9143	8	25	communist	communist	PROPN
fbem-9143	8	26	party	party	PROPN
fbem-9143	8	27	of	of	ADP
fbem-9143	8	28	china	china	PROPN
fbem-9143	8	29	once	once	ADV
fbem-9143	8	30	again	again	ADV
fbem-9143	8	31	stressed	stress	VERB
fbem-9143	8	32	that	that	SCONJ
fbem-9143	8	33	"	"	PUNCT
fbem-9143	8	34	the	the	DET
fbem-9143	8	35	focus	focus	NOUN
fbem-9143	8	36	of	of	ADP
fbem-9143	8	37	economic	economic	ADJ
fbem-9143	8	38	development	development	NOUN
fbem-9143	8	39	should	should	AUX
fbem-9143	8	40	be	be	AUX
fbem-9143	8	41	on	on	ADP
fbem-9143	8	42	the	the	DET
fbem-9143	8	43	real	real	ADJ
fbem-9143	8	44	economy	economy	NOUN
fbem-9143	8	45	"	"	PUNCT
fbem-9143	8	46	,	,	PUNCT
fbem-9143	8	47	which	which	PRON
fbem-9143	8	48	fully	fully	ADV
fbem-9143	8	49	reflected	reflect	VERB
fbem-9143	8	50	the	the	DET
fbem-9143	8	51	important	important	ADJ
fbem-9143	8	52	significance	significance	NOUN
fbem-9143	8	53	of	of	ADP
fbem-9143	8	54	developing	develop	VERB
fbem-9143	8	55	the	the	DET
fbem-9143	8	56	real	real	ADJ
fbem-9143	8	57	economy	economy	NOUN
fbem-9143	8	58	and	and	CCONJ
fbem-9143	8	59	pointed	point	VERB
fbem-9143	8	60	out	out	ADP
fbem-9143	8	61	the	the	DET
fbem-9143	8	62	direction	direction	NOUN
fbem-9143	8	63	for	for	ADP
fbem-9143	8	64	the	the	DET
fbem-9143	8	65	healthy	healthy	ADJ
fbem-9143	8	66	and	and	CCONJ
fbem-9143	8	67	high	high	ADJ
fbem-9143	8	68	-	-	PUNCT
fbem-9143	8	69	quality	quality	NOUN
fbem-9143	8	70	development	development	NOUN
fbem-9143	8	71	of	of	ADP
fbem-9143	8	72	china	china	PROPN
fbem-9143	8	73	's	's	PART
fbem-9143	8	74	economy	economy	NOUN
fbem-9143	8	75	in	in	ADP
fbem-9143	8	76	the	the	DET
fbem-9143	8	77	future	future	NOUN
fbem-9143	8	78	.	.	PUNCT
fbem-9143	9	1	nowadays	nowadays	ADV
fbem-9143	9	2	,	,	PUNCT
fbem-9143	9	3	china	china	PROPN
fbem-9143	9	4	's	's	PART
fbem-9143	9	5	economy	economy	NOUN
fbem-9143	9	6	is	be	AUX
fbem-9143	9	7	facing	face	VERB
fbem-9143	9	8	downward	downward	ADJ
fbem-9143	9	9	pressure	pressure	NOUN
fbem-9143	9	10	and	and	CCONJ
fbem-9143	9	11	the	the	DET
fbem-9143	9	12	world	world	NOUN
fbem-9143	9	13	economy	economy	NOUN
fbem-9143	9	14	is	be	AUX
fbem-9143	9	15	slowing	slow	VERB
fbem-9143	9	16	down	down	ADP
fbem-9143	9	17	.	.	PUNCT
fbem-9143	10	1	we	we	PRON
fbem-9143	10	2	should	should	AUX
fbem-9143	10	3	continue	continue	VERB
fbem-9143	10	4	to	to	PART
fbem-9143	10	5	promote	promote	VERB
fbem-9143	10	6	the	the	DET
fbem-9143	10	7	transformation	transformation	NOUN
fbem-9143	10	8	of	of	ADP
fbem-9143	10	9	growth	growth	NOUN
fbem-9143	10	10	momentum	momentum	NOUN
fbem-9143	10	11	,	,	PUNCT
fbem-9143	10	12	optimize	optimize	VERB
fbem-9143	10	13	the	the	DET
fbem-9143	10	14	allocation	allocation	NOUN
fbem-9143	10	15	of	of	ADP
fbem-9143	10	16	resources	resource	NOUN
fbem-9143	10	17	,	,	PUNCT
fbem-9143	10	18	expand	expand	VERB
fbem-9143	10	19	domestic	domestic	ADJ
fbem-9143	10	20	demand	demand	NOUN
fbem-9143	10	21	as	as	ADP
fbem-9143	10	22	a	a	DET
fbem-9143	10	23	whole	whole	NOUN
fbem-9143	10	24	,	,	PUNCT
fbem-9143	10	25	and	and	CCONJ
fbem-9143	10	26	encourage	encourage	VERB
fbem-9143	10	27	the	the	DET
fbem-9143	10	28	innovation	innovation	NOUN
fbem-9143	10	29	of	of	ADP
fbem-9143	10	30	digital	digital	ADJ
fbem-9143	10	31	technology	technology	NOUN
fbem-9143	10	32	and	and	CCONJ
fbem-9143	10	33	financial	financial	ADJ
fbem-9143	10	34	products	product	NOUN
fbem-9143	10	35	,	,	PUNCT
fbem-9143	10	36	so	so	SCONJ
fbem-9143	10	37	as	as	SCONJ
fbem-9143	10	38	to	to	PART
fbem-9143	10	39	promote	promote	VERB
fbem-9143	10	40	the	the	DET
fbem-9143	10	41	growth	growth	NOUN
fbem-9143	10	42	of	of	ADP
fbem-9143	10	43	the	the	DET
fbem-9143	10	44	real	real	ADJ
fbem-9143	10	45	economy	economy	NOUN
fbem-9143	10	46	,	,	PUNCT
fbem-9143	10	47	improve	improve	VERB
fbem-9143	10	48	the	the	DET
fbem-9143	10	49	efficiency	efficiency	NOUN
fbem-9143	10	50	of	of	ADP
fbem-9143	10	51	financial	financial	ADJ
fbem-9143	10	52	support	support	NOUN
fbem-9143	10	53	for	for	ADP
fbem-9143	10	54	the	the	DET
fbem-9143	10	55	real	real	ADJ
fbem-9143	10	56	economy	economy	NOUN
fbem-9143	10	57	,	,	PUNCT
fbem-9143	10	58	and	and	CCONJ
fbem-9143	10	59	better	well	ADV
fbem-9143	10	60	respond	respond	VERB
fbem-9143	10	61	to	to	ADP
fbem-9143	10	62	the	the	DET
fbem-9143	10	63	changing	change	VERB
fbem-9143	10	64	world	world	NOUN
fbem-9143	10	65	situation	situation	NOUN
fbem-9143	10	66	.	.	PUNCT
fbem-9143	11	1	the	the	DET
fbem-9143	11	2	emergence	emergence	NOUN
fbem-9143	11	3	of	of	ADP
fbem-9143	11	4	digital	digital	ADJ
fbem-9143	11	5	finance	finance	NOUN
fbem-9143	11	6	benefits	benefit	NOUN
fbem-9143	11	7	from	from	ADP
fbem-9143	11	8	the	the	DET
fbem-9143	11	9	combination	combination	NOUN
fbem-9143	11	10	of	of	ADP
fbem-9143	11	11	traditional	traditional	ADJ
fbem-9143	11	12	finance	finance	NOUN
fbem-9143	11	13	and	and	CCONJ
fbem-9143	11	14	digital	digital	ADJ
fbem-9143	11	15	technology	technology	NOUN
fbem-9143	11	16	(	(	PUNCT
fbem-9143	11	17	huang	huang	PROPN
fbem-9143	11	18	and	and	CCONJ
fbem-9143	11	19	huang	huang	PROPN
fbem-9143	11	20	,	,	PUNCT
fbem-9143	11	21	2018	2018	NUM
fbem-9143	11	22	)	)	PUNCT
fbem-9143	12	1	[	[	X
fbem-9143	12	2	2	2	NUM
fbem-9143	12	3	]	]	PUNCT
fbem-9143	12	4	.	.	PUNCT
fbem-9143	13	1	this	this	DET
fbem-9143	13	2	new	new	ADJ
fbem-9143	13	3	financial	financial	ADJ
fbem-9143	13	4	model	model	NOUN
fbem-9143	13	5	has	have	AUX
fbem-9143	13	6	gradually	gradually	ADV
fbem-9143	13	7	become	become	VERB
fbem-9143	13	8	a	a	DET
fbem-9143	13	9	banner	banner	NOUN
fbem-9143	13	10	leading	lead	VERB
fbem-9143	13	11	the	the	DET
fbem-9143	13	12	global	global	ADJ
fbem-9143	13	13	financial	financial	ADJ
fbem-9143	13	14	development	development	NOUN
fbem-9143	13	15	after	after	ADP
fbem-9143	13	16	a	a	DET
fbem-9143	13	17	short	short	ADJ
fbem-9143	13	18	period	period	NOUN
fbem-9143	13	19	of	of	ADP
fbem-9143	13	20	development	development	NOUN
fbem-9143	13	21	of	of	ADP
fbem-9143	13	22	more	more	ADJ
fbem-9143	13	23	than	than	ADP
fbem-9143	13	24	ten	ten	NUM
fbem-9143	13	25	years	year	NOUN
fbem-9143	13	26	.	.	PUNCT
fbem-9143	14	1	the	the	DET
fbem-9143	14	2	rise	rise	NOUN
fbem-9143	14	3	of	of	ADP
fbem-9143	14	4	digital	digital	ADJ
fbem-9143	14	5	finance	finance	NOUN
fbem-9143	14	6	is	be	AUX
fbem-9143	14	7	not	not	PART
fbem-9143	14	8	only	only	ADV
fbem-9143	14	9	an	an	DET
fbem-9143	14	10	objective	objective	ADJ
fbem-9143	14	11	requirement	requirement	NOUN
fbem-9143	14	12	to	to	PART
fbem-9143	14	13	adapt	adapt	VERB
fbem-9143	14	14	to	to	ADP
fbem-9143	14	15	the	the	DET
fbem-9143	14	16	rapid	rapid	ADJ
fbem-9143	14	17	development	development	NOUN
fbem-9143	14	18	of	of	ADP
fbem-9143	14	19	digital	digital	ADJ
fbem-9143	14	20	economy	economy	NOUN
fbem-9143	14	21	,	,	PUNCT
fbem-9143	14	22	but	but	CCONJ
fbem-9143	14	23	also	also	ADV
fbem-9143	14	24	an	an	DET
fbem-9143	14	25	inevitable	inevitable	ADJ
fbem-9143	14	26	trend	trend	NOUN
fbem-9143	14	27	to	to	PART
fbem-9143	14	28	guide	guide	VERB
fbem-9143	14	29	finance	finance	NOUN
fbem-9143	14	30	to	to	PART
fbem-9143	14	31	support	support	VERB
fbem-9143	14	32	the	the	DET
fbem-9143	14	33	growth	growth	NOUN
fbem-9143	14	34	of	of	ADP
fbem-9143	14	35	real	real	ADJ
fbem-9143	14	36	economy	economy	NOUN
fbem-9143	14	37	and	and	CCONJ
fbem-9143	14	38	meet	meet	VERB
fbem-9143	14	39	the	the	DET
fbem-9143	14	40	diversified	diversify	VERB
fbem-9143	14	41	needs	need	NOUN
fbem-9143	14	42	of	of	ADP
fbem-9143	14	43	the	the	DET
fbem-9143	14	44	public	public	NOUN
fbem-9143	14	45	.	.	PUNCT
fbem-9143	15	1	while	while	SCONJ
fbem-9143	15	2	its	its	PRON
fbem-9143	15	3	development	development	NOUN
fbem-9143	15	4	has	have	VERB
fbem-9143	15	5	an	an	DET
fbem-9143	15	6	impact	impact	NOUN
fbem-9143	15	7	on	on	ADP
fbem-9143	15	8	the	the	DET
fbem-9143	15	9	traditional	traditional	ADJ
fbem-9143	15	10	financial	financial	ADJ
fbem-9143	15	11	industry	industry	NOUN
fbem-9143	15	12	,	,	PUNCT
fbem-9143	15	13	it	it	PRON
fbem-9143	15	14	will	will	AUX
fbem-9143	15	15	also	also	ADV
fbem-9143	15	16	stimulate	stimulate	VERB
fbem-9143	15	17	the	the	DET
fbem-9143	15	18	digital	digital	ADJ
fbem-9143	15	19	transformation	transformation	NOUN
fbem-9143	15	20	of	of	ADP
fbem-9143	15	21	the	the	DET
fbem-9143	15	22	traditional	traditional	ADJ
fbem-9143	15	23	financial	financial	ADJ
fbem-9143	15	24	industry	industry	NOUN
fbem-9143	15	25	,	,	PUNCT
fbem-9143	15	26	form	form	VERB
fbem-9143	15	27	a	a	DET
fbem-9143	15	28	benign	benign	ADJ
fbem-9143	15	29	competitive	competitive	ADJ
fbem-9143	15	30	relationship	relationship	NOUN
fbem-9143	15	31	with	with	ADP
fbem-9143	15	32	it	it	PRON
fbem-9143	15	33	,	,	PUNCT
fbem-9143	15	34	and	and	CCONJ
fbem-9143	15	35	jointly	jointly	ADV
fbem-9143	15	36	promote	promote	VERB
fbem-9143	15	37	the	the	DET
fbem-9143	15	38	improvement	improvement	NOUN
fbem-9143	15	39	of	of	ADP
fbem-9143	15	40	financial	financial	ADJ
fbem-9143	15	41	efficiency	efficiency	NOUN
fbem-9143	15	42	.	.	PUNCT
fbem-9143	16	1	as	as	ADP
fbem-9143	16	2	an	an	DET
fbem-9143	16	3	emerging	emerge	VERB
fbem-9143	16	4	financial	financial	ADJ
fbem-9143	16	5	model	model	NOUN
fbem-9143	16	6	,	,	PUNCT
fbem-9143	16	7	digital	digital	ADJ
fbem-9143	16	8	finance	finance	NOUN
fbem-9143	16	9	has	have	VERB
fbem-9143	16	10	the	the	DET
fbem-9143	16	11	advantages	advantage	NOUN
fbem-9143	16	12	of	of	ADP
fbem-9143	16	13	improving	improve	VERB
fbem-9143	16	14	user	user	NOUN
fbem-9143	16	15	experience	experience	NOUN
fbem-9143	16	16	,	,	PUNCT
fbem-9143	16	17	reducing	reduce	VERB
fbem-9143	16	18	transaction	transaction	NOUN
fbem-9143	16	19	costs	cost	NOUN
fbem-9143	16	20	,	,	PUNCT
fbem-9143	16	21	reducing	reduce	VERB
fbem-9143	16	22	risks	risk	NOUN
fbem-9143	16	23	and	and	CCONJ
fbem-9143	16	24	so	so	ADV
fbem-9143	16	25	on	on	ADV
fbem-9143	16	26	.	.	PUNCT
fbem-9143	17	1	it	it	PRON
fbem-9143	17	2	can	can	AUX
fbem-9143	17	3	better	well	ADV
fbem-9143	17	4	make	make	VERB
fbem-9143	17	5	up	up	ADP
fbem-9143	17	6	for	for	ADP
fbem-9143	17	7	the	the	DET
fbem-9143	17	8	defects	defect	NOUN
fbem-9143	17	9	of	of	ADP
fbem-9143	17	10	traditional	traditional	ADJ
fbem-9143	17	11	finance	finance	NOUN
fbem-9143	17	12	and	and	CCONJ
fbem-9143	17	13	help	help	VERB
fbem-9143	17	14	finance	finance	NOUN
fbem-9143	17	15	to	to	PART
fbem-9143	17	16	support	support	VERB
fbem-9143	17	17	the	the	DET
fbem-9143	17	18	development	development	NOUN
fbem-9143	17	19	of	of	ADP
fbem-9143	17	20	the	the	DET
fbem-9143	17	21	real	real	ADJ
fbem-9143	17	22	economy	economy	NOUN
fbem-9143	17	23	more	more	ADV
fbem-9143	17	24	pertinently	pertinently	ADV
fbem-9143	17	25	.	.	PUNCT
fbem-9143	18	1	2	2	X
fbem-9143	18	2	.	.	X
fbem-9143	18	3	literature	literature	NOUN
fbem-9143	18	4	review	review	PROPN
fbem-9143	18	5	since	since	SCONJ
fbem-9143	18	6	the	the	DET
fbem-9143	18	7	report	report	NOUN
fbem-9143	18	8	of	of	ADP
fbem-9143	18	9	the	the	DET
fbem-9143	18	10	18th	18th	ADJ
fbem-9143	18	11	national	national	ADJ
fbem-9143	18	12	congress	congress	PROPN
fbem-9143	18	13	of	of	ADP
fbem-9143	18	14	the	the	DET
fbem-9143	18	15	communist	communist	PROPN
fbem-9143	18	16	party	party	PROPN
fbem-9143	18	17	of	of	ADP
fbem-9143	18	18	china	china	PROPN
fbem-9143	18	19	stressed	stress	VERB
fbem-9143	18	20	the	the	DET
fbem-9143	18	21	need	need	NOUN
fbem-9143	18	22	to	to	PART
fbem-9143	18	23	vigorously	vigorously	ADV
fbem-9143	18	24	develop	develop	VERB
fbem-9143	18	25	the	the	DET
fbem-9143	18	26	real	real	ADJ
fbem-9143	18	27	economy	economy	NOUN
fbem-9143	18	28	,	,	PUNCT
fbem-9143	18	29	how	how	SCONJ
fbem-9143	18	30	to	to	PART
fbem-9143	18	31	boost	boost	VERB
fbem-9143	18	32	the	the	DET
fbem-9143	18	33	real	real	ADJ
fbem-9143	18	34	economy	economy	NOUN
fbem-9143	18	35	and	and	CCONJ
fbem-9143	18	36	avoid	avoid	VERB
fbem-9143	18	37	enterprises	enterprise	NOUN
fbem-9143	18	38	from	from	ADP
fbem-9143	18	39	"	"	PUNCT
fbem-9143	18	40	disenchantment	disenchantment	NOUN
fbem-9143	18	41	"	"	PUNCT
fbem-9143	18	42	has	have	AUX
fbem-9143	18	43	become	become	VERB
fbem-9143	18	44	the	the	DET
fbem-9143	18	45	focus	focus	NOUN
fbem-9143	18	46	of	of	ADP
fbem-9143	18	47	scholars	scholar	NOUN
fbem-9143	18	48	'	'	PART
fbem-9143	18	49	attention	attention	NOUN
fbem-9143	18	50	,	,	PUNCT
fbem-9143	18	51	and	and	CCONJ
fbem-9143	18	52	few	few	ADJ
fbem-9143	18	53	literatures	literature	NOUN
fbem-9143	18	54	have	have	AUX
fbem-9143	18	55	directly	directly	ADV
fbem-9143	18	56	studied	study	VERB
fbem-9143	18	57	the	the	DET
fbem-9143	18	58	efficiency	efficiency	NOUN
fbem-9143	18	59	of	of	ADP
fbem-9143	18	60	financial	financial	ADJ
fbem-9143	18	61	support	support	NOUN
fbem-9143	18	62	for	for	ADP
fbem-9143	18	63	the	the	DET
fbem-9143	18	64	real	real	ADJ
fbem-9143	18	65	economy	economy	NOUN
fbem-9143	18	66	.	.	PUNCT
fbem-9143	19	1	hua	hua	PROPN
fbem-9143	19	2	and	and	CCONJ
fbem-9143	19	3	li	li	PROPN
fbem-9143	19	4	(	(	PUNCT
fbem-9143	19	5	2014	2014	NUM
fbem-9143	19	6	)	)	PUNCT
fbem-9143	20	1	[	[	X
fbem-9143	20	2	3	3	X
fbem-9143	20	3	]	]	PUNCT
fbem-9143	20	4	believed	believe	VERB
fbem-9143	20	5	that	that	SCONJ
fbem-9143	20	6	the	the	DET
fbem-9143	20	7	problems	problem	NOUN
fbem-9143	20	8	faced	face	VERB
fbem-9143	20	9	by	by	ADP
fbem-9143	20	10	china	china	PROPN
fbem-9143	20	11	's	's	PART
fbem-9143	20	12	real	real	ADJ
fbem-9143	20	13	economy	economy	NOUN
fbem-9143	20	14	,	,	PUNCT
fbem-9143	20	15	such	such	ADJ
fbem-9143	20	16	as	as	ADP
fbem-9143	20	17	rising	rise	VERB
fbem-9143	20	18	production	production	NOUN
fbem-9143	20	19	costs	cost	NOUN
fbem-9143	20	20	,	,	PUNCT
fbem-9143	20	21	reducing	reduce	VERB
fbem-9143	20	22	internal	internal	ADJ
fbem-9143	20	23	and	and	CCONJ
fbem-9143	20	24	external	external	ADJ
fbem-9143	20	25	demand	demand	NOUN
fbem-9143	20	26	,	,	PUNCT
fbem-9143	20	27	excessive	excessive	ADJ
fbem-9143	20	28	tax	tax	NOUN
fbem-9143	20	29	burden	burden	NOUN
fbem-9143	20	30	and	and	CCONJ
fbem-9143	20	31	declining	decline	VERB
fbem-9143	20	32	return	return	NOUN
fbem-9143	20	33	on	on	ADP
fbem-9143	20	34	investment	investment	NOUN
fbem-9143	20	35	,	,	PUNCT
fbem-9143	20	36	could	could	AUX
fbem-9143	20	37	be	be	AUX
fbem-9143	20	38	solved	solve	VERB
fbem-9143	20	39	by	by	ADP
fbem-9143	20	40	building	build	VERB
fbem-9143	20	41	an	an	DET
fbem-9143	20	42	open	open	ADJ
fbem-9143	20	43	economic	economic	ADJ
fbem-9143	20	44	system	system	NOUN
fbem-9143	20	45	,	,	PUNCT
fbem-9143	20	46	accelerating	accelerate	VERB
fbem-9143	20	47	tax	tax	NOUN
fbem-9143	20	48	reform	reform	NOUN
fbem-9143	20	49	,	,	PUNCT
fbem-9143	20	50	improving	improve	VERB
fbem-9143	20	51	the	the	DET
fbem-9143	20	52	financial	financial	ADJ
fbem-9143	20	53	service	service	NOUN
fbem-9143	20	54	system	system	NOUN
fbem-9143	20	55	,	,	PUNCT
fbem-9143	20	56	and	and	CCONJ
fbem-9143	20	57	improving	improve	VERB
fbem-9143	20	58	the	the	DET
fbem-9143	20	59	income	income	NOUN
fbem-9143	20	60	distribution	distribution	NOUN
fbem-9143	20	61	and	and	CCONJ
fbem-9143	20	62	social	social	ADJ
fbem-9143	20	63	security	security	NOUN
fbem-9143	20	64	system	system	NOUN
fbem-9143	20	65	,	,	PUNCT
fbem-9143	20	66	so	so	SCONJ
fbem-9143	20	67	as	as	SCONJ
fbem-9143	20	68	to	to	PART
fbem-9143	20	69	enhance	enhance	VERB
fbem-9143	20	70	the	the	DET
fbem-9143	20	71	sustainable	sustainable	ADJ
fbem-9143	20	72	development	development	NOUN
fbem-9143	20	73	capacity	capacity	NOUN
fbem-9143	20	74	of	of	ADP
fbem-9143	20	75	the	the	DET
fbem-9143	20	76	real	real	ADJ
fbem-9143	20	77	economy	economy	NOUN
fbem-9143	20	78	.	.	PUNCT
fbem-9143	21	1	wang	wang	PROPN
fbem-9143	21	2	(	(	PUNCT
fbem-9143	21	3	2020	2020	NUM
fbem-9143	21	4	)	)	PUNCT
fbem-9143	22	1	[	[	X
fbem-9143	22	2	4	4	X
fbem-9143	22	3	]	]	PUNCT
fbem-9143	22	4	found	find	VERB
fbem-9143	22	5	through	through	ADP
fbem-9143	22	6	empirical	empirical	ADJ
fbem-9143	22	7	analysis	analysis	NOUN
fbem-9143	22	8	that	that	SCONJ
fbem-9143	22	9	digital	digital	ADJ
fbem-9143	22	10	finance	finance	NOUN
fbem-9143	22	11	has	have	AUX
fbem-9143	22	12	a	a	DET
fbem-9143	22	13	significant	significant	ADJ
fbem-9143	22	14	role	role	NOUN
fbem-9143	22	15	in	in	ADP
fbem-9143	22	16	promoting	promote	VERB
fbem-9143	22	17	the	the	DET
fbem-9143	22	18	development	development	NOUN
fbem-9143	22	19	of	of	ADP
fbem-9143	22	20	china	china	PROPN
fbem-9143	22	21	's	's	PART
fbem-9143	22	22	real	real	ADJ
fbem-9143	22	23	economy	economy	NOUN
fbem-9143	22	24	.	.	PUNCT
fbem-9143	23	1	some	some	DET
fbem-9143	23	2	scholars	scholar	NOUN
fbem-9143	23	3	have	have	AUX
fbem-9143	23	4	found	find	VERB
fbem-9143	23	5	that	that	SCONJ
fbem-9143	23	6	by	by	ADP
fbem-9143	23	7	reducing	reduce	VERB
fbem-9143	23	8	the	the	DET
fbem-9143	23	9	tax	tax	NOUN
fbem-9143	23	10	burden	burden	NOUN
fbem-9143	23	11	of	of	ADP
fbem-9143	23	12	enterprises	enterprise	NOUN
fbem-9143	23	13	,	,	PUNCT
fbem-9143	23	14	increasing	increase	VERB
fbem-9143	23	15	employee	employee	NOUN
fbem-9143	23	16	stock	stock	NOUN
fbem-9143	23	17	ownership	ownership	NOUN
fbem-9143	23	18	,	,	PUNCT
fbem-9143	23	19	loosening	loosen	VERB
fbem-9143	23	20	interest	interest	NOUN
fbem-9143	23	21	rate	rate	NOUN
fbem-9143	23	22	control	control	NOUN
fbem-9143	23	23	and	and	CCONJ
fbem-9143	23	24	other	other	ADJ
fbem-9143	23	25	behaviors	behavior	NOUN
fbem-9143	23	26	,	,	PUNCT
fbem-9143	23	27	the	the	DET
fbem-9143	23	28	financialization	financialization	NOUN
fbem-9143	23	29	of	of	ADP
fbem-9143	23	30	enterprises	enterprise	NOUN
fbem-9143	23	31	can	can	AUX
fbem-9143	23	32	be	be	AUX
fbem-9143	23	33	inhibited	inhibit	VERB
fbem-9143	23	34	,	,	PUNCT
fbem-9143	23	35	and	and	CCONJ
fbem-9143	23	36	the	the	DET
fbem-9143	23	37	economic	economic	ADJ
fbem-9143	23	38	"	"	PUNCT
fbem-9143	23	39	disequilibrium	disequilibrium	NOUN
fbem-9143	23	40	"	"	PUNCT
fbem-9143	23	41	can	can	AUX
fbem-9143	23	42	be	be	AUX
fbem-9143	23	43	eased	ease	VERB
fbem-9143	23	44	,	,	PUNCT
fbem-9143	23	45	so	so	SCONJ
fbem-9143	23	46	as	as	SCONJ
fbem-9143	23	47	to	to	PART
fbem-9143	23	48	boost	boost	VERB
fbem-9143	23	49	the	the	DET
fbem-9143	23	50	healthy	healthy	ADJ
fbem-9143	23	51	development	development	NOUN
fbem-9143	23	52	of	of	ADP
fbem-9143	23	53	the	the	DET
fbem-9143	23	54	real	real	ADJ
fbem-9143	23	55	economy	economy	NOUN
fbem-9143	23	56	(	(	PUNCT
fbem-9143	23	57	peng	peng	PROPN
fbem-9143	23	58	et	et	PROPN
fbem-9143	23	59	al	al	PROPN
fbem-9143	23	60	.	.	PROPN
fbem-9143	23	61	,	,	PUNCT
fbem-9143	23	62	2017	2017	NUM
fbem-9143	23	63	;	;	PUNCT
fbem-9143	23	64	ren	ren	PROPN
fbem-9143	23	65	et	et	PROPN
fbem-9143	23	66	al	al	PROPN
fbem-9143	23	67	.	.	PROPN
fbem-9143	23	68	,	,	PUNCT
fbem-9143	23	69	2011	2011	NUM
fbem-9143	23	70	;	;	PUNCT
fbem-9143	23	71	yang	yang	PROPN
fbem-9143	23	72	et	et	PROPN
fbem-9143	23	73	al	al	PROPN
fbem-9143	23	74	.	.	PROPN
fbem-9143	23	75	,	,	PUNCT
fbem-9143	23	76	2019	2019	NUM
fbem-9143	23	77	)	)	PUNCT
fbem-9143	24	1	[	[	X
fbem-9143	24	2	5	5	NUM
fbem-9143	24	3	-	-	SYM
fbem-9143	24	4	7	7	NUM
fbem-9143	24	5	]	]	PUNCT
fbem-9143	24	6	.	.	PUNCT
fbem-9143	25	1	after	after	ADP
fbem-9143	25	2	introducing	introduce	VERB
fbem-9143	25	3	dea	dea	PROPN
fbem-9143	25	4	malmquist	malmquist	PROPN
fbem-9143	25	5	nonparametric	nonparametric	PROPN
fbem-9143	25	6	method	method	NOUN
fbem-9143	25	7	into	into	ADP
fbem-9143	25	8	efficiency	efficiency	NOUN
fbem-9143	25	9	research	research	NOUN
fbem-9143	25	10	[	[	X
fbem-9143	25	11	8	8	NUM
fbem-9143	25	12	,	,	PUNCT
fbem-9143	25	13	9	9	NUM
fbem-9143	25	14	]	]	PUNCT
fbem-9143	25	15	,	,	PUNCT
fbem-9143	25	16	it	it	PRON
fbem-9143	25	17	provides	provide	VERB
fbem-9143	25	18	ideas	idea	NOUN
fbem-9143	25	19	for	for	ADP
fbem-9143	25	20	measuring	measure	VERB
fbem-9143	25	21	the	the	DET
fbem-9143	25	22	efficiency	efficiency	NOUN
fbem-9143	25	23	of	of	ADP
fbem-9143	25	24	financial	financial	ADJ
fbem-9143	25	25	support	support	NOUN
fbem-9143	25	26	to	to	ADP
fbem-9143	25	27	the	the	DET
fbem-9143	25	28	real	real	ADJ
fbem-9143	25	29	economy	economy	NOUN
fbem-9143	25	30	[	[	X
fbem-9143	25	31	10	10	NUM
fbem-9143	25	32	,	,	PUNCT
fbem-9143	25	33	11	11	NUM
fbem-9143	25	34	]	]	PUNCT
fbem-9143	25	35	.	.	PUNCT
fbem-9143	26	1	xu	xu	PROPN
fbem-9143	26	2	et	et	PROPN
fbem-9143	27	1	al	al	PROPN
fbem-9143	27	2	.	.	PROPN
fbem-9143	28	1	(	(	PUNCT
fbem-9143	28	2	2017	2017	NUM
fbem-9143	28	3	)	)	PUNCT
fbem-9143	29	1	[	[	X
fbem-9143	29	2	12	12	NUM
fbem-9143	29	3	]	]	PUNCT
fbem-9143	29	4	used	use	VERB
fbem-9143	29	5	this	this	DET
fbem-9143	29	6	method	method	NOUN
fbem-9143	29	7	to	to	PART
fbem-9143	29	8	measure	measure	VERB
fbem-9143	29	9	the	the	DET
fbem-9143	29	10	efficiency	efficiency	NOUN
fbem-9143	29	11	of	of	ADP
fbem-9143	29	12	financial	financial	ADJ
fbem-9143	29	13	support	support	NOUN
fbem-9143	29	14	to	to	ADP
fbem-9143	29	15	the	the	DET
fbem-9143	29	16	real	real	ADJ
fbem-9143	29	17	economy	economy	NOUN
fbem-9143	29	18	of	of	ADP
fbem-9143	29	19	each	each	DET
fbem-9143	29	20	province	province	NOUN
fbem-9143	29	21	in	in	ADP
fbem-9143	29	22	each	each	DET
fbem-9143	29	23	year	year	NOUN
fbem-9143	29	24	,	,	PUNCT
fbem-9143	29	25	and	and	CCONJ
fbem-9143	29	26	made	make	VERB
fbem-9143	29	27	an	an	DET
fbem-9143	29	28	empirical	empirical	ADJ
fbem-9143	29	29	analysis	analysis	NOUN
fbem-9143	29	30	of	of	ADP
fbem-9143	29	31	the	the	DET
fbem-9143	29	32	impact	impact	NOUN
fbem-9143	29	33	relationship	relationship	NOUN
fbem-9143	29	34	between	between	ADP
fbem-9143	29	35	real	real	ADJ
fbem-9143	29	36	estate	estate	NOUN
fbem-9143	29	37	price	price	NOUN
fbem-9143	29	38	fluctuations	fluctuation	NOUN
fbem-9143	29	39	and	and	CCONJ
fbem-9143	29	40	the	the	DET
fbem-9143	29	41	efficiency	efficiency	NOUN
fbem-9143	29	42	of	of	ADP
fbem-9143	29	43	financial	financial	ADJ
fbem-9143	29	44	support	support	NOUN
fbem-9143	29	45	entities	entity	NOUN
fbem-9143	29	46	.	.	PUNCT
fbem-9143	30	1	the	the	DET
fbem-9143	30	2	study	study	NOUN
fbem-9143	30	3	concludes	conclude	VERB
fbem-9143	30	4	that	that	SCONJ
fbem-9143	30	5	rising	rise	VERB
fbem-9143	30	6	house	house	NOUN
fbem-9143	30	7	prices	price	NOUN
fbem-9143	30	8	have	have	VERB
fbem-9143	30	9	a	a	DET
fbem-9143	30	10	significant	significant	ADJ
fbem-9143	30	11	inhibitory	inhibitory	ADJ
fbem-9143	30	12	effect	effect	NOUN
fbem-9143	30	13	on	on	ADP
fbem-9143	30	14	the	the	DET
fbem-9143	30	15	efficiency	efficiency	NOUN
fbem-9143	30	16	of	of	ADP
fbem-9143	30	17	financial	financial	ADJ
fbem-9143	30	18	support	support	NOUN
fbem-9143	30	19	to	to	ADP
fbem-9143	30	20	the	the	DET
fbem-9143	30	21	real	real	ADJ
fbem-9143	30	22	economy	economy	NOUN
fbem-9143	30	23	,	,	PUNCT
fbem-9143	30	24	and	and	CCONJ
fbem-9143	30	25	this	this	DET
fbem-9143	30	26	impact	impact	NOUN
fbem-9143	30	27	relationship	relationship	NOUN
fbem-9143	30	28	is	be	AUX
fbem-9143	30	29	revealed	reveal	VERB
fbem-9143	30	30	through	through	ADP
fbem-9143	30	31	the	the	DET
fbem-9143	30	32	direct	direct	ADJ
fbem-9143	30	33	effect	effect	NOUN
fbem-9143	30	34	of	of	ADP
fbem-9143	30	35	space	space	NOUN
fbem-9143	30	36	.	.	PUNCT
fbem-9143	31	1	scholars	scholar	NOUN
fbem-9143	31	2	'	'	PART
fbem-9143	31	3	research	research	NOUN
fbem-9143	31	4	on	on	ADP
fbem-9143	31	5	digital	digital	ADJ
fbem-9143	31	6	finance	finance	NOUN
fbem-9143	31	7	focuses	focus	VERB
fbem-9143	31	8	on	on	ADP
fbem-9143	31	9	its	its	PRON
fbem-9143	31	10	role	role	NOUN
fbem-9143	31	11	in	in	ADP
fbem-9143	31	12	economic	economic	ADJ
fbem-9143	31	13	growth	growth	NOUN
fbem-9143	31	14	,	,	PUNCT
fbem-9143	31	15	household	household	NOUN
fbem-9143	31	16	income	income	NOUN
fbem-9143	31	17	and	and	CCONJ
fbem-9143	31	18	consumption	consumption	NOUN
fbem-9143	31	19	,	,	PUNCT
fbem-9143	31	20	and	and	CCONJ
fbem-9143	31	21	enterprise	enterprise	NOUN
fbem-9143	31	22	innovation	innovation	NOUN
fbem-9143	31	23	.	.	PUNCT
fbem-9143	32	1	in	in	ADP
fbem-9143	32	2	terms	term	NOUN
fbem-9143	32	3	of	of	ADP
fbem-9143	32	4	the	the	DET
fbem-9143	32	5	impact	impact	NOUN
fbem-9143	32	6	on	on	ADP
fbem-9143	32	7	economic	economic	ADJ
fbem-9143	32	8	142	142	NUM
fbem-9143	32	9	growth	growth	NOUN
fbem-9143	32	10	,	,	PUNCT
fbem-9143	32	11	some	some	DET
fbem-9143	32	12	scholars	scholar	NOUN
fbem-9143	32	13	believe	believe	VERB
fbem-9143	32	14	that	that	SCONJ
fbem-9143	32	15	the	the	DET
fbem-9143	32	16	development	development	NOUN
fbem-9143	32	17	of	of	ADP
fbem-9143	32	18	digital	digital	ADJ
fbem-9143	32	19	finance	finance	NOUN
fbem-9143	32	20	can	can	AUX
fbem-9143	32	21	promote	promote	VERB
fbem-9143	32	22	economic	economic	ADJ
fbem-9143	32	23	growth	growth	NOUN
fbem-9143	32	24	by	by	ADP
fbem-9143	32	25	improving	improve	VERB
fbem-9143	32	26	the	the	DET
fbem-9143	32	27	financing	financing	NOUN
fbem-9143	32	28	environment	environment	NOUN
fbem-9143	32	29	,	,	PUNCT
fbem-9143	32	30	promoting	promote	VERB
fbem-9143	32	31	and	and	CCONJ
fbem-9143	32	32	upgrading	upgrade	VERB
fbem-9143	32	33	the	the	DET
fbem-9143	32	34	industrial	industrial	ADJ
fbem-9143	32	35	structure	structure	NOUN
fbem-9143	32	36	,	,	PUNCT
fbem-9143	32	37	and	and	CCONJ
fbem-9143	32	38	improving	improve	VERB
fbem-9143	32	39	the	the	DET
fbem-9143	32	40	entrepreneurial	entrepreneurial	ADJ
fbem-9143	32	41	behavior	behavior	NOUN
fbem-9143	32	42	of	of	ADP
fbem-9143	32	43	residents	resident	NOUN
fbem-9143	32	44	(	(	PUNCT
fbem-9143	32	45	seifalah	seifalah	PROPN
fbem-9143	32	46	and	and	CCONJ
fbem-9143	32	47	mohamed	mohamed	PROPN
fbem-9143	32	48	,	,	PUNCT
fbem-9143	32	49	2013	2013	NUM
fbem-9143	32	50	;	;	PUNCT
fbem-9143	32	51	liu	liu	PROPN
fbem-9143	32	52	,	,	PUNCT
fbem-9143	32	53	2022	2022	NUM
fbem-9143	32	54	;	;	PUNCT
fbem-9143	33	1	zhang	zhang	PROPN
fbem-9143	33	2	et	et	PROPN
fbem-9143	33	3	al	al	PROPN
fbem-9143	33	4	.	.	PROPN
fbem-9143	33	5	,	,	PUNCT
fbem-9143	33	6	2018)[13	2018)[13	PROPN
fbem-9143	33	7	-	-	SYM
fbem-9143	33	8	15	15	NUM
fbem-9143	33	9	]	]	PUNCT
fbem-9143	33	10	.	.	PUNCT
fbem-9143	34	1	zhao	zhao	PROPN
fbem-9143	34	2	and	and	CCONJ
fbem-9143	34	3	wang	wang	PROPN
fbem-9143	34	4	(	(	PUNCT
fbem-9143	34	5	2022	2022	NUM
fbem-9143	34	6	)	)	PUNCT
fbem-9143	35	1	[	[	X
fbem-9143	35	2	16	16	NUM
fbem-9143	35	3	]	]	PUNCT
fbem-9143	35	4	investigated	investigate	VERB
fbem-9143	35	5	the	the	DET
fbem-9143	35	6	income	income	NOUN
fbem-9143	35	7	increasing	increase	VERB
fbem-9143	35	8	effect	effect	NOUN
fbem-9143	35	9	of	of	ADP
fbem-9143	35	10	digital	digital	ADJ
fbem-9143	35	11	finance	finance	NOUN
fbem-9143	35	12	from	from	ADP
fbem-9143	35	13	the	the	DET
fbem-9143	35	14	perspective	perspective	NOUN
fbem-9143	35	15	of	of	ADP
fbem-9143	35	16	relative	relative	ADJ
fbem-9143	35	17	income	income	NOUN
fbem-9143	35	18	and	and	CCONJ
fbem-9143	35	19	vulnerability	vulnerability	NOUN
fbem-9143	35	20	.	.	PUNCT
fbem-9143	36	1	the	the	DET
fbem-9143	36	2	analysis	analysis	NOUN
fbem-9143	36	3	showed	show	VERB
fbem-9143	36	4	that	that	SCONJ
fbem-9143	36	5	the	the	DET
fbem-9143	36	6	development	development	NOUN
fbem-9143	36	7	of	of	ADP
fbem-9143	36	8	digital	digital	ADJ
fbem-9143	36	9	finance	finance	NOUN
fbem-9143	36	10	could	could	AUX
fbem-9143	36	11	improve	improve	VERB
fbem-9143	36	12	the	the	DET
fbem-9143	36	13	availability	availability	NOUN
fbem-9143	36	14	and	and	CCONJ
fbem-9143	36	15	use	use	NOUN
fbem-9143	36	16	of	of	ADP
fbem-9143	36	17	household	household	NOUN
fbem-9143	36	18	finance	finance	NOUN
fbem-9143	36	19	,	,	PUNCT
fbem-9143	36	20	promote	promote	VERB
fbem-9143	36	21	potential	potential	ADJ
fbem-9143	36	22	investment	investment	NOUN
fbem-9143	36	23	and	and	CCONJ
fbem-9143	36	24	entrepreneurial	entrepreneurial	ADJ
fbem-9143	36	25	behavior	behavior	NOUN
fbem-9143	36	26	,	,	PUNCT
fbem-9143	36	27	and	and	CCONJ
fbem-9143	36	28	thus	thus	ADV
fbem-9143	36	29	increase	increase	VERB
fbem-9143	36	30	the	the	DET
fbem-9143	36	31	relative	relative	ADJ
fbem-9143	36	32	income	income	NOUN
fbem-9143	36	33	level	level	NOUN
fbem-9143	36	34	of	of	ADP
fbem-9143	36	35	households	household	NOUN
fbem-9143	36	36	.	.	PUNCT
fbem-9143	37	1	yi	yi	PROPN
fbem-9143	37	2	and	and	CCONJ
fbem-9143	37	3	zhou	zhou	PROPN
fbem-9143	37	4	(	(	PUNCT
fbem-9143	37	5	2018	2018	NUM
fbem-9143	37	6	)	)	PUNCT
fbem-9143	38	1	[	[	X
fbem-9143	38	2	17	17	NUM
fbem-9143	38	3	]	]	PUNCT
fbem-9143	38	4	pointed	point	VERB
fbem-9143	38	5	out	out	ADP
fbem-9143	38	6	that	that	SCONJ
fbem-9143	38	7	digital	digital	ADJ
fbem-9143	38	8	inclusive	inclusive	ADJ
fbem-9143	38	9	finance	finance	NOUN
fbem-9143	38	10	can	can	AUX
fbem-9143	38	11	significantly	significantly	ADV
fbem-9143	38	12	promote	promote	VERB
fbem-9143	38	13	the	the	DET
fbem-9143	38	14	enhancement	enhancement	NOUN
fbem-9143	38	15	of	of	ADP
fbem-9143	38	16	residents	resident	NOUN
fbem-9143	38	17	'	'	PART
fbem-9143	38	18	consumption	consumption	NOUN
fbem-9143	38	19	level	level	NOUN
fbem-9143	38	20	,	,	PUNCT
fbem-9143	38	21	and	and	CCONJ
fbem-9143	38	22	heterogeneity	heterogeneity	NOUN
fbem-9143	38	23	analysis	analysis	NOUN
fbem-9143	38	24	shows	show	VERB
fbem-9143	38	25	that	that	SCONJ
fbem-9143	38	26	the	the	DET
fbem-9143	38	27	promotion	promotion	NOUN
fbem-9143	38	28	effect	effect	NOUN
fbem-9143	38	29	of	of	ADP
fbem-9143	38	30	low	low	ADJ
fbem-9143	38	31	-	-	PUNCT
fbem-9143	38	32	income	income	NOUN
fbem-9143	38	33	class	class	NOUN
fbem-9143	38	34	,	,	PUNCT
fbem-9143	38	35	rural	rural	ADJ
fbem-9143	38	36	areas	area	NOUN
fbem-9143	38	37	and	and	CCONJ
fbem-9143	38	38	central	central	ADJ
fbem-9143	38	39	and	and	CCONJ
fbem-9143	38	40	western	western	ADJ
fbem-9143	38	41	regions	region	NOUN
fbem-9143	38	42	is	be	AUX
fbem-9143	38	43	more	more	ADV
fbem-9143	38	44	significant	significant	ADJ
fbem-9143	38	45	.	.	PUNCT
fbem-9143	39	1	scholars	scholar	NOUN
fbem-9143	39	2	'	'	PART
fbem-9143	39	3	research	research	NOUN
fbem-9143	39	4	on	on	ADP
fbem-9143	39	5	the	the	DET
fbem-9143	39	6	level	level	NOUN
fbem-9143	39	7	of	of	ADP
fbem-9143	39	8	enterprise	enterprise	NOUN
fbem-9143	39	9	innovation	innovation	NOUN
fbem-9143	39	10	,	,	PUNCT
fbem-9143	39	11	on	on	ADP
fbem-9143	39	12	the	the	DET
fbem-9143	39	13	one	one	NUM
fbem-9143	39	14	hand	hand	NOUN
fbem-9143	39	15	,	,	PUNCT
fbem-9143	39	16	digital	digital	ADJ
fbem-9143	39	17	finance	finance	NOUN
fbem-9143	39	18	can	can	AUX
fbem-9143	39	19	reduce	reduce	VERB
fbem-9143	39	20	the	the	DET
fbem-9143	39	21	leverage	leverage	NOUN
fbem-9143	39	22	level	level	NOUN
fbem-9143	39	23	of	of	ADP
fbem-9143	39	24	enterprises	enterprise	NOUN
fbem-9143	39	25	,	,	PUNCT
fbem-9143	39	26	alleviate	alleviate	VERB
fbem-9143	39	27	the	the	DET
fbem-9143	39	28	financing	financing	NOUN
fbem-9143	39	29	problems	problem	NOUN
fbem-9143	39	30	of	of	ADP
fbem-9143	39	31	enterprises	enterprise	NOUN
fbem-9143	39	32	,	,	PUNCT
fbem-9143	39	33	and	and	CCONJ
fbem-9143	39	34	then	then	ADV
fbem-9143	39	35	enhance	enhance	VERB
fbem-9143	39	36	the	the	DET
fbem-9143	39	37	green	green	ADJ
fbem-9143	39	38	innovation	innovation	NOUN
fbem-9143	39	39	of	of	ADP
fbem-9143	39	40	enterprises	enterprise	NOUN
fbem-9143	39	41	(	(	PUNCT
fbem-9143	39	42	qiao	qiao	PROPN
fbem-9143	39	43	et	et	PROPN
fbem-9143	39	44	al	al	PROPN
fbem-9143	39	45	.	.	PROPN
fbem-9143	39	46	,	,	PUNCT
fbem-9143	39	47	2022	2022	NUM
fbem-9143	39	48	;	;	PUNCT
fbem-9143	39	49	feng	feng	PROPN
fbem-9143	39	50	,	,	PUNCT
fbem-9143	39	51	2022	2022	NUM
fbem-9143	39	52	)	)	PUNCT
fbem-9143	40	1	[	[	X
fbem-9143	40	2	18	18	NUM
fbem-9143	40	3	,	,	PUNCT
fbem-9143	40	4	19	19	NUM
fbem-9143	40	5	]	]	PUNCT
fbem-9143	40	6	;	;	PUNCT
fbem-9143	40	7	on	on	ADP
fbem-9143	40	8	the	the	DET
fbem-9143	40	9	other	other	ADJ
fbem-9143	40	10	hand	hand	NOUN
fbem-9143	40	11	,	,	PUNCT
fbem-9143	40	12	digital	digital	ADJ
fbem-9143	40	13	finance	finance	NOUN
fbem-9143	40	14	can	can	AUX
fbem-9143	40	15	improve	improve	VERB
fbem-9143	40	16	the	the	DET
fbem-9143	40	17	technological	technological	ADJ
fbem-9143	40	18	innovation	innovation	NOUN
fbem-9143	40	19	of	of	ADP
fbem-9143	40	20	enterprises	enterprise	NOUN
fbem-9143	40	21	by	by	ADP
fbem-9143	40	22	improving	improve	VERB
fbem-9143	40	23	the	the	DET
fbem-9143	40	24	profitability	profitability	NOUN
fbem-9143	40	25	of	of	ADP
fbem-9143	40	26	enterprises	enterprise	NOUN
fbem-9143	40	27	and	and	CCONJ
fbem-9143	40	28	enhancing	enhance	VERB
fbem-9143	40	29	the	the	DET
fbem-9143	40	30	enthusiasm	enthusiasm	NOUN
fbem-9143	40	31	of	of	ADP
fbem-9143	40	32	non	non	NOUN
fbem-9143	40	33	controlling	control	VERB
fbem-9143	40	34	shareholders	shareholder	NOUN
fbem-9143	40	35	to	to	PART
fbem-9143	40	36	participate	participate	VERB
fbem-9143	40	37	in	in	ADP
fbem-9143	40	38	decision	decision	NOUN
fbem-9143	40	39	-	-	PUNCT
fbem-9143	40	40	making	making	NOUN
fbem-9143	40	41	(	(	PUNCT
fbem-9143	40	42	xie	xie	PROPN
fbem-9143	40	43	and	and	CCONJ
fbem-9143	40	44	zhu	zhu	PROPN
fbem-9143	40	45	,	,	PUNCT
fbem-9143	40	46	2021	2021	NUM
fbem-9143	40	47	)	)	PUNCT
fbem-9143	41	1	[	[	X
fbem-9143	41	2	20	20	NUM
fbem-9143	41	3	]	]	PUNCT
fbem-9143	41	4	.	.	PUNCT
fbem-9143	42	1	xu	xu	PROPN
fbem-9143	42	2	and	and	CCONJ
fbem-9143	42	3	fan	fan	PROPN
fbem-9143	42	4	(	(	PUNCT
fbem-9143	42	5	2022	2022	NUM
fbem-9143	42	6	)	)	PUNCT
fbem-9143	43	1	[	[	X
fbem-9143	43	2	21	21	NUM
fbem-9143	43	3	]	]	PUNCT
fbem-9143	43	4	discussed	discuss	VERB
fbem-9143	43	5	the	the	DET
fbem-9143	43	6	relationship	relationship	NOUN
fbem-9143	43	7	between	between	ADP
fbem-9143	43	8	digital	digital	ADJ
fbem-9143	43	9	finance	finance	NOUN
fbem-9143	43	10	and	and	CCONJ
fbem-9143	43	11	the	the	DET
fbem-9143	43	12	growth	growth	NOUN
fbem-9143	43	13	of	of	ADP
fbem-9143	43	14	real	real	ADJ
fbem-9143	43	15	enterprises	enterprise	NOUN
fbem-9143	43	16	and	and	CCONJ
fbem-9143	43	17	the	the	DET
fbem-9143	43	18	internal	internal	ADJ
fbem-9143	43	19	driving	driving	NOUN
fbem-9143	43	20	mechanism	mechanism	NOUN
fbem-9143	43	21	from	from	ADP
fbem-9143	43	22	the	the	DET
fbem-9143	43	23	perspective	perspective	NOUN
fbem-9143	43	24	of	of	ADP
fbem-9143	43	25	the	the	DET
fbem-9143	43	26	financialization	financialization	NOUN
fbem-9143	43	27	of	of	ADP
fbem-9143	43	28	real	real	ADJ
fbem-9143	43	29	enterprises	enterprise	NOUN
fbem-9143	43	30	.	.	PUNCT
fbem-9143	44	1	the	the	DET
fbem-9143	44	2	study	study	NOUN
fbem-9143	44	3	found	find	VERB
fbem-9143	44	4	that	that	SCONJ
fbem-9143	44	5	digital	digital	ADJ
fbem-9143	44	6	finance	finance	NOUN
fbem-9143	44	7	can	can	AUX
fbem-9143	44	8	drive	drive	VERB
fbem-9143	44	9	the	the	DET
fbem-9143	44	10	technological	technological	ADJ
fbem-9143	44	11	innovation	innovation	NOUN
fbem-9143	44	12	of	of	ADP
fbem-9143	44	13	real	real	ADJ
fbem-9143	44	14	enterprises	enterprise	NOUN
fbem-9143	44	15	by	by	ADP
fbem-9143	44	16	easing	ease	VERB
fbem-9143	44	17	the	the	DET
fbem-9143	44	18	financing	financing	NOUN
fbem-9143	44	19	constraints	constraint	NOUN
fbem-9143	44	20	of	of	ADP
fbem-9143	44	21	enterprises	enterprise	NOUN
fbem-9143	44	22	;	;	PUNCT
fbem-9143	44	23	promote	promote	VERB
fbem-9143	44	24	the	the	DET
fbem-9143	44	25	capital	capital	NOUN
fbem-9143	44	26	accumulation	accumulation	NOUN
fbem-9143	44	27	of	of	ADP
fbem-9143	44	28	entity	entity	NOUN
fbem-9143	44	29	enterprises	enterprise	NOUN
fbem-9143	44	30	by	by	ADP
fbem-9143	44	31	improving	improve	VERB
fbem-9143	44	32	the	the	DET
fbem-9143	44	33	efficiency	efficiency	NOUN
fbem-9143	44	34	of	of	ADP
fbem-9143	44	35	resource	resource	NOUN
fbem-9143	44	36	allocation	allocation	NOUN
fbem-9143	44	37	;	;	PUNCT
fbem-9143	44	38	by	by	ADP
fbem-9143	44	39	boosting	boost	VERB
fbem-9143	44	40	transaction	transaction	NOUN
fbem-9143	44	41	efficiency	efficiency	NOUN
fbem-9143	44	42	,	,	PUNCT
fbem-9143	44	43	it	it	PRON
fbem-9143	44	44	will	will	AUX
fbem-9143	44	45	drive	drive	VERB
fbem-9143	44	46	the	the	DET
fbem-9143	44	47	evolution	evolution	NOUN
fbem-9143	44	48	of	of	ADP
fbem-9143	44	49	labor	labor	NOUN
fbem-9143	44	50	division	division	NOUN
fbem-9143	44	51	in	in	ADP
fbem-9143	44	52	real	real	ADJ
fbem-9143	44	53	enterprises	enterprise	NOUN
fbem-9143	44	54	,	,	PUNCT
fbem-9143	44	55	thus	thus	ADV
fbem-9143	44	56	boosting	boost	VERB
fbem-9143	44	57	the	the	DET
fbem-9143	44	58	growth	growth	NOUN
fbem-9143	44	59	of	of	ADP
fbem-9143	44	60	real	real	ADJ
fbem-9143	44	61	economy	economy	NOUN
fbem-9143	44	62	.	.	PUNCT
fbem-9143	45	1	the	the	DET
fbem-9143	45	2	existing	exist	VERB
fbem-9143	45	3	literature	literature	NOUN
fbem-9143	45	4	provides	provide	VERB
fbem-9143	45	5	inspiration	inspiration	NOUN
fbem-9143	45	6	for	for	ADP
fbem-9143	45	7	this	this	DET
fbem-9143	45	8	study	study	NOUN
fbem-9143	45	9	.	.	PUNCT
fbem-9143	46	1	in	in	ADP
fbem-9143	46	2	the	the	DET
fbem-9143	46	3	current	current	ADJ
fbem-9143	46	4	era	era	NOUN
fbem-9143	46	5	of	of	ADP
fbem-9143	46	6	vigorous	vigorous	ADJ
fbem-9143	46	7	development	development	NOUN
fbem-9143	46	8	of	of	ADP
fbem-9143	46	9	digital	digital	ADJ
fbem-9143	46	10	finance	finance	NOUN
fbem-9143	46	11	,	,	PUNCT
fbem-9143	46	12	whether	whether	SCONJ
fbem-9143	46	13	it	it	PRON
fbem-9143	46	14	can	can	AUX
fbem-9143	46	15	help	help	VERB
fbem-9143	46	16	finance	finance	VERB
fbem-9143	46	17	to	to	PART
fbem-9143	46	18	more	more	ADV
fbem-9143	46	19	specifically	specifically	ADV
fbem-9143	46	20	support	support	VERB
fbem-9143	46	21	the	the	DET
fbem-9143	46	22	development	development	NOUN
fbem-9143	46	23	of	of	ADP
fbem-9143	46	24	the	the	DET
fbem-9143	46	25	real	real	ADJ
fbem-9143	46	26	economy	economy	NOUN
fbem-9143	46	27	.	.	PUNCT
fbem-9143	47	1	in	in	ADP
fbem-9143	47	2	view	view	NOUN
fbem-9143	47	3	of	of	ADP
fbem-9143	47	4	this	this	PRON
fbem-9143	47	5	,	,	PUNCT
fbem-9143	47	6	this	this	DET
fbem-9143	47	7	paper	paper	NOUN
fbem-9143	47	8	selects	select	VERB
fbem-9143	47	9	the	the	DET
fbem-9143	47	10	data	datum	NOUN
fbem-9143	47	11	of	of	ADP
fbem-9143	47	12	china	china	PROPN
fbem-9143	47	13	's	's	PART
fbem-9143	47	14	provinces	province	NOUN
fbem-9143	47	15	from	from	ADP
fbem-9143	47	16	2014	2014	NUM
fbem-9143	47	17	to	to	ADP
fbem-9143	47	18	2021	2021	NUM
fbem-9143	47	19	as	as	SCONJ
fbem-9143	47	20	the	the	DET
fbem-9143	47	21	sample	sample	NOUN
fbem-9143	47	22	to	to	PART
fbem-9143	47	23	explore	explore	VERB
fbem-9143	47	24	the	the	DET
fbem-9143	47	25	impact	impact	NOUN
fbem-9143	47	26	of	of	ADP
fbem-9143	47	27	digital	digital	ADJ
fbem-9143	47	28	finance	finance	NOUN
fbem-9143	47	29	development	development	NOUN
fbem-9143	47	30	on	on	ADP
fbem-9143	47	31	the	the	DET
fbem-9143	47	32	efficiency	efficiency	NOUN
fbem-9143	47	33	of	of	ADP
fbem-9143	47	34	financial	financial	ADJ
fbem-9143	47	35	support	support	NOUN
fbem-9143	47	36	to	to	ADP
fbem-9143	47	37	the	the	DET
fbem-9143	47	38	real	real	ADJ
fbem-9143	47	39	economy	economy	NOUN
fbem-9143	47	40	,	,	PUNCT
fbem-9143	47	41	and	and	CCONJ
fbem-9143	47	42	further	far	ADV
fbem-9143	47	43	analyzes	analyze	NOUN
fbem-9143	47	44	whether	whether	SCONJ
fbem-9143	47	45	this	this	DET
fbem-9143	47	46	impact	impact	NOUN
fbem-9143	47	47	will	will	AUX
fbem-9143	47	48	be	be	AUX
fbem-9143	47	49	different	different	ADJ
fbem-9143	47	50	due	due	ADJ
fbem-9143	47	51	to	to	ADP
fbem-9143	47	52	structural	structural	ADJ
fbem-9143	47	53	heterogeneity	heterogeneity	NOUN
fbem-9143	47	54	and	and	CCONJ
fbem-9143	47	55	regional	regional	ADJ
fbem-9143	47	56	heterogeneity	heterogeneity	NOUN
fbem-9143	47	57	.	.	PUNCT
fbem-9143	48	1	3	3	X
fbem-9143	48	2	.	.	X
fbem-9143	48	3	theoretical	theoretical	ADJ
fbem-9143	48	4	analysis	analysis	NOUN
fbem-9143	48	5	and	and	CCONJ
fbem-9143	48	6	hypothesis	hypothesis	NOUN
fbem-9143	48	7	presentation	presentation	NOUN
fbem-9143	48	8	account	account	VERB
fbem-9143	48	9	for	for	ADP
fbem-9143	48	10	nearly	nearly	ADV
fbem-9143	48	11	90	90	NUM
fbem-9143	48	12	%	%	NOUN
fbem-9143	48	13	of	of	ADP
fbem-9143	48	14	the	the	DET
fbem-9143	48	15	real	real	ADJ
fbem-9143	48	16	economy	economy	NOUN
fbem-9143	48	17	,	,	PUNCT
fbem-9143	48	18	and	and	CCONJ
fbem-9143	48	19	their	their	PRON
fbem-9143	48	20	importance	importance	NOUN
fbem-9143	48	21	is	be	AUX
fbem-9143	48	22	self	self	NOUN
fbem-9143	48	23	-	-	PUNCT
fbem-9143	48	24	evident	evident	ADJ
fbem-9143	48	25	.	.	PUNCT
fbem-9143	49	1	the	the	DET
fbem-9143	49	2	development	development	NOUN
fbem-9143	49	3	of	of	ADP
fbem-9143	49	4	digital	digital	ADJ
fbem-9143	49	5	finance	finance	NOUN
fbem-9143	49	6	provides	provide	VERB
fbem-9143	49	7	a	a	DET
fbem-9143	49	8	direction	direction	NOUN
fbem-9143	49	9	for	for	ADP
fbem-9143	49	10	alleviating	alleviate	VERB
fbem-9143	49	11	the	the	DET
fbem-9143	49	12	financing	financing	NOUN
fbem-9143	49	13	problems	problem	NOUN
fbem-9143	49	14	of	of	ADP
fbem-9143	49	15	small	small	ADJ
fbem-9143	49	16	and	and	CCONJ
fbem-9143	49	17	medium	medium	ADJ
fbem-9143	49	18	-	-	PUNCT
fbem-9143	49	19	sized	sized	ADJ
fbem-9143	49	20	enterprises	enterprise	NOUN
fbem-9143	49	21	.	.	PUNCT
fbem-9143	50	1	on	on	ADP
fbem-9143	50	2	the	the	DET
fbem-9143	50	3	one	one	NUM
fbem-9143	50	4	hand	hand	NOUN
fbem-9143	50	5	,	,	PUNCT
fbem-9143	50	6	the	the	DET
fbem-9143	50	7	development	development	NOUN
fbem-9143	50	8	of	of	ADP
fbem-9143	50	9	digital	digital	ADJ
fbem-9143	50	10	finance	finance	NOUN
fbem-9143	50	11	has	have	AUX
fbem-9143	50	12	broadened	broaden	VERB
fbem-9143	50	13	the	the	DET
fbem-9143	50	14	coverage	coverage	NOUN
fbem-9143	50	15	of	of	ADP
fbem-9143	50	16	financial	financial	ADJ
fbem-9143	50	17	services	service	NOUN
fbem-9143	50	18	,	,	PUNCT
fbem-9143	50	19	met	meet	VERB
fbem-9143	50	20	the	the	DET
fbem-9143	50	21	capital	capital	NOUN
fbem-9143	50	22	needs	need	NOUN
fbem-9143	50	23	of	of	ADP
fbem-9143	50	24	"	"	PUNCT
fbem-9143	50	25	long	long	ADJ
fbem-9143	50	26	tail	tail	NOUN
fbem-9143	50	27	users	user	NOUN
fbem-9143	50	28	"	"	PUNCT
fbem-9143	50	29	such	such	ADJ
fbem-9143	50	30	as	as	ADP
fbem-9143	50	31	small	small	ADJ
fbem-9143	50	32	and	and	CCONJ
fbem-9143	50	33	medium	medium	ADJ
fbem-9143	50	34	-	-	PUNCT
fbem-9143	50	35	sized	sized	ADJ
fbem-9143	50	36	enterprises	enterprise	NOUN
fbem-9143	50	37	and	and	CCONJ
fbem-9143	50	38	underdeveloped	underdeveloped	ADJ
fbem-9143	50	39	regions	region	NOUN
fbem-9143	50	40	,	,	PUNCT
fbem-9143	50	41	and	and	CCONJ
fbem-9143	50	42	solved	solve	VERB
fbem-9143	50	43	their	their	PRON
fbem-9143	50	44	financing	financing	NOUN
fbem-9143	50	45	difficulties	difficulty	NOUN
fbem-9143	50	46	;	;	PUNCT
fbem-9143	50	47	on	on	ADP
fbem-9143	50	48	the	the	DET
fbem-9143	50	49	other	other	ADJ
fbem-9143	50	50	hand	hand	NOUN
fbem-9143	50	51	,	,	PUNCT
fbem-9143	50	52	the	the	DET
fbem-9143	50	53	development	development	NOUN
fbem-9143	50	54	of	of	ADP
fbem-9143	50	55	digital	digital	ADJ
fbem-9143	50	56	finance	finance	NOUN
fbem-9143	50	57	can	can	AUX
fbem-9143	50	58	effectively	effectively	ADV
fbem-9143	50	59	restrain	restrain	VERB
fbem-9143	50	60	the	the	DET
fbem-9143	50	61	profit	profit	NOUN
fbem-9143	50	62	seeking	seek	VERB
fbem-9143	50	63	behavior	behavior	NOUN
fbem-9143	50	64	of	of	ADP
fbem-9143	50	65	financial	financial	ADJ
fbem-9143	50	66	institutions	institution	NOUN
fbem-9143	50	67	,	,	PUNCT
fbem-9143	50	68	so	so	SCONJ
fbem-9143	50	69	as	as	SCONJ
fbem-9143	50	70	to	to	PART
fbem-9143	50	71	make	make	VERB
fbem-9143	50	72	the	the	DET
fbem-9143	50	73	circulation	circulation	NOUN
fbem-9143	50	74	of	of	ADP
fbem-9143	50	75	financial	financial	ADJ
fbem-9143	50	76	resources	resource	NOUN
fbem-9143	50	77	such	such	ADJ
fbem-9143	50	78	as	as	ADP
fbem-9143	50	79	funds	fund	NOUN
fbem-9143	50	80	more	more	ADV
fbem-9143	50	81	efficient	efficient	ADJ
fbem-9143	50	82	,	,	PUNCT
fbem-9143	50	83	meet	meet	VERB
fbem-9143	50	84	the	the	DET
fbem-9143	50	85	capital	capital	NOUN
fbem-9143	50	86	needs	need	NOUN
fbem-9143	50	87	of	of	ADP
fbem-9143	50	88	small	small	ADJ
fbem-9143	50	89	and	and	CCONJ
fbem-9143	50	90	medium	medium	ADJ
fbem-9143	50	91	-	-	PUNCT
fbem-9143	50	92	sized	sized	ADJ
fbem-9143	50	93	enterprises	enterprise	NOUN
fbem-9143	50	94	,	,	PUNCT
fbem-9143	50	95	and	and	CCONJ
fbem-9143	50	96	promote	promote	VERB
fbem-9143	50	97	the	the	DET
fbem-9143	50	98	efficiency	efficiency	NOUN
fbem-9143	50	99	of	of	ADP
fbem-9143	50	100	financial	financial	ADJ
fbem-9143	50	101	support	support	NOUN
fbem-9143	50	102	to	to	ADP
fbem-9143	50	103	the	the	DET
fbem-9143	50	104	real	real	ADJ
fbem-9143	50	105	economy	economy	NOUN
fbem-9143	50	106	.	.	PUNCT
fbem-9143	51	1	in	in	ADP
fbem-9143	51	2	the	the	DET
fbem-9143	51	3	face	face	NOUN
fbem-9143	51	4	of	of	ADP
fbem-9143	51	5	such	such	ADJ
fbem-9143	51	6	customer	customer	NOUN
fbem-9143	51	7	groups	group	NOUN
fbem-9143	51	8	as	as	ADP
fbem-9143	51	9	low	low	ADJ
fbem-9143	51	10	-	-	PUNCT
fbem-9143	51	11	income	income	NOUN
fbem-9143	51	12	people	people	NOUN
fbem-9143	51	13	,	,	PUNCT
fbem-9143	51	14	small	small	ADJ
fbem-9143	51	15	and	and	CCONJ
fbem-9143	51	16	medium	medium	ADJ
fbem-9143	51	17	-	-	PUNCT
fbem-9143	51	18	sized	sized	ADJ
fbem-9143	51	19	enterprises	enterprise	NOUN
fbem-9143	51	20	,	,	PUNCT
fbem-9143	51	21	and	and	CCONJ
fbem-9143	51	22	backward	backward	ADJ
fbem-9143	51	23	regions	region	NOUN
fbem-9143	51	24	,	,	PUNCT
fbem-9143	51	25	due	due	ADP
fbem-9143	51	26	to	to	ADP
fbem-9143	51	27	their	their	PRON
fbem-9143	51	28	low	low	ADJ
fbem-9143	51	29	asset	asset	NOUN
fbem-9143	51	30	level	level	NOUN
fbem-9143	51	31	,	,	PUNCT
fbem-9143	51	32	relatively	relatively	ADV
fbem-9143	51	33	small	small	ADJ
fbem-9143	51	34	production	production	NOUN
fbem-9143	51	35	scale	scale	NOUN
fbem-9143	51	36	,	,	PUNCT
fbem-9143	51	37	and	and	CCONJ
fbem-9143	51	38	low	low	ADJ
fbem-9143	51	39	population	population	NOUN
fbem-9143	51	40	density	density	NOUN
fbem-9143	51	41	,	,	PUNCT
fbem-9143	51	42	the	the	DET
fbem-9143	51	43	service	service	NOUN
fbem-9143	51	44	cost	cost	NOUN
fbem-9143	51	45	and	and	CCONJ
fbem-9143	51	46	loan	loan	NOUN
fbem-9143	51	47	risk	risk	NOUN
fbem-9143	51	48	will	will	AUX
fbem-9143	51	49	be	be	AUX
fbem-9143	51	50	expanded	expand	VERB
fbem-9143	51	51	,	,	PUNCT
fbem-9143	51	52	and	and	CCONJ
fbem-9143	51	53	the	the	DET
fbem-9143	51	54	return	return	NOUN
fbem-9143	51	55	rate	rate	NOUN
fbem-9143	51	56	of	of	ADP
fbem-9143	51	57	financial	financial	ADJ
fbem-9143	51	58	institutions	institution	NOUN
fbem-9143	51	59	will	will	AUX
fbem-9143	51	60	be	be	AUX
fbem-9143	51	61	reduced	reduce	VERB
fbem-9143	51	62	.	.	PUNCT
fbem-9143	52	1	the	the	DET
fbem-9143	52	2	development	development	NOUN
fbem-9143	52	3	of	of	ADP
fbem-9143	52	4	digital	digital	ADJ
fbem-9143	52	5	finance	finance	NOUN
fbem-9143	52	6	can	can	AUX
fbem-9143	52	7	alleviate	alleviate	VERB
fbem-9143	52	8	these	these	DET
fbem-9143	52	9	problems	problem	NOUN
fbem-9143	52	10	.	.	PUNCT
fbem-9143	53	1	the	the	DET
fbem-9143	53	2	combination	combination	NOUN
fbem-9143	53	3	of	of	ADP
fbem-9143	53	4	digital	digital	ADJ
fbem-9143	53	5	finance	finance	NOUN
fbem-9143	53	6	and	and	CCONJ
fbem-9143	53	7	digital	digital	ADJ
fbem-9143	53	8	technology	technology	NOUN
fbem-9143	53	9	can	can	AUX
fbem-9143	53	10	effectively	effectively	ADV
fbem-9143	53	11	reduce	reduce	VERB
fbem-9143	53	12	transaction	transaction	NOUN
fbem-9143	53	13	costs	cost	NOUN
fbem-9143	53	14	,	,	PUNCT
fbem-9143	53	15	expand	expand	VERB
fbem-9143	53	16	production	production	NOUN
fbem-9143	53	17	scale	scale	NOUN
fbem-9143	53	18	,	,	PUNCT
fbem-9143	53	19	reduce	reduce	VERB
fbem-9143	53	20	financial	financial	ADJ
fbem-9143	53	21	risks	risk	NOUN
fbem-9143	53	22	,	,	PUNCT
fbem-9143	53	23	expand	expand	VERB
fbem-9143	53	24	the	the	DET
fbem-9143	53	25	scope	scope	NOUN
fbem-9143	53	26	of	of	ADP
fbem-9143	53	27	services	service	NOUN
fbem-9143	53	28	,	,	PUNCT
fbem-9143	53	29	and	and	CCONJ
fbem-9143	53	30	promote	promote	VERB
fbem-9143	53	31	more	more	ADV
fbem-9143	53	32	targeted	target	VERB
fbem-9143	53	33	financial	financial	ADJ
fbem-9143	53	34	support	support	NOUN
fbem-9143	53	35	for	for	ADP
fbem-9143	53	36	the	the	DET
fbem-9143	53	37	development	development	NOUN
fbem-9143	53	38	of	of	ADP
fbem-9143	53	39	the	the	DET
fbem-9143	53	40	real	real	ADJ
fbem-9143	53	41	economy	economy	NOUN
fbem-9143	53	42	.	.	PUNCT
fbem-9143	54	1	the	the	DET
fbem-9143	54	2	functions	function	NOUN
fbem-9143	54	3	of	of	ADP
fbem-9143	54	4	digital	digital	ADJ
fbem-9143	54	5	finance	finance	NOUN
fbem-9143	54	6	,	,	PUNCT
fbem-9143	54	7	such	such	ADJ
fbem-9143	54	8	as	as	ADP
fbem-9143	54	9	digital	digital	ADJ
fbem-9143	54	10	payment	payment	NOUN
fbem-9143	54	11	and	and	CCONJ
fbem-9143	54	12	digital	digital	ADJ
fbem-9143	54	13	credit	credit	NOUN
fbem-9143	54	14	,	,	PUNCT
fbem-9143	54	15	can	can	AUX
fbem-9143	54	16	significantly	significantly	ADV
fbem-9143	54	17	increase	increase	VERB
fbem-9143	54	18	the	the	DET
fbem-9143	54	19	consumption	consumption	NOUN
fbem-9143	54	20	level	level	NOUN
fbem-9143	54	21	of	of	ADP
fbem-9143	54	22	households	household	NOUN
fbem-9143	54	23	,	,	PUNCT
fbem-9143	54	24	increase	increase	VERB
fbem-9143	54	25	the	the	DET
fbem-9143	54	26	demand	demand	NOUN
fbem-9143	54	27	for	for	ADP
fbem-9143	54	28	products	product	NOUN
fbem-9143	54	29	,	,	PUNCT
fbem-9143	54	30	further	far	ADV
fbem-9143	54	31	promote	promote	VERB
fbem-9143	54	32	the	the	DET
fbem-9143	54	33	expansion	expansion	NOUN
fbem-9143	54	34	of	of	ADP
fbem-9143	54	35	enterprise	enterprise	NOUN
fbem-9143	54	36	industrial	industrial	ADJ
fbem-9143	54	37	scale	scale	NOUN
fbem-9143	54	38	,	,	PUNCT
fbem-9143	54	39	stimulate	stimulate	VERB
fbem-9143	54	40	market	market	NOUN
fbem-9143	54	41	activity	activity	NOUN
fbem-9143	54	42	,	,	PUNCT
fbem-9143	54	43	and	and	CCONJ
fbem-9143	54	44	promote	promote	VERB
fbem-9143	54	45	the	the	DET
fbem-9143	54	46	efficiency	efficiency	NOUN
fbem-9143	54	47	of	of	ADP
fbem-9143	54	48	financial	financial	ADJ
fbem-9143	54	49	support	support	NOUN
fbem-9143	54	50	for	for	ADP
fbem-9143	54	51	the	the	DET
fbem-9143	54	52	real	real	ADJ
fbem-9143	54	53	economy	economy	NOUN
fbem-9143	54	54	.	.	PUNCT
fbem-9143	55	1	the	the	DET
fbem-9143	55	2	development	development	NOUN
fbem-9143	55	3	of	of	ADP
fbem-9143	55	4	digital	digital	ADJ
fbem-9143	55	5	finance	finance	NOUN
fbem-9143	55	6	can	can	AUX
fbem-9143	55	7	also	also	ADV
fbem-9143	55	8	enable	enable	VERB
fbem-9143	55	9	the	the	DET
fbem-9143	55	10	government	government	NOUN
fbem-9143	55	11	to	to	PART
fbem-9143	55	12	obtain	obtain	VERB
fbem-9143	55	13	credit	credit	NOUN
fbem-9143	55	14	at	at	ADP
fbem-9143	55	15	a	a	DET
fbem-9143	55	16	low	low	ADJ
fbem-9143	55	17	interest	interest	NOUN
fbem-9143	55	18	rate	rate	NOUN
fbem-9143	55	19	,	,	PUNCT
fbem-9143	55	20	stimulate	stimulate	VERB
fbem-9143	55	21	its	its	PRON
fbem-9143	55	22	support	support	NOUN
fbem-9143	55	23	for	for	ADP
fbem-9143	55	24	infrastructure	infrastructure	NOUN
fbem-9143	55	25	,	,	PUNCT
fbem-9143	55	26	further	far	ADV
fbem-9143	55	27	extend	extend	VERB
fbem-9143	55	28	the	the	DET
fbem-9143	55	29	scope	scope	NOUN
fbem-9143	55	30	of	of	ADP
fbem-9143	55	31	services	service	NOUN
fbem-9143	55	32	,	,	PUNCT
fbem-9143	55	33	improve	improve	VERB
fbem-9143	55	34	the	the	DET
fbem-9143	55	35	depth	depth	NOUN
fbem-9143	55	36	of	of	ADP
fbem-9143	55	37	services	service	NOUN
fbem-9143	55	38	,	,	PUNCT
fbem-9143	55	39	and	and	CCONJ
fbem-9143	55	40	promote	promote	VERB
fbem-9143	55	41	the	the	DET
fbem-9143	55	42	development	development	NOUN
fbem-9143	55	43	of	of	ADP
fbem-9143	55	44	the	the	DET
fbem-9143	55	45	real	real	ADJ
fbem-9143	55	46	economy	economy	NOUN
fbem-9143	55	47	.	.	PUNCT
fbem-9143	56	1	the	the	DET
fbem-9143	56	2	digital	digital	ADJ
fbem-9143	56	3	insurance	insurance	NOUN
fbem-9143	56	4	function	function	NOUN
fbem-9143	56	5	of	of	ADP
fbem-9143	56	6	digital	digital	ADJ
fbem-9143	56	7	finance	finance	NOUN
fbem-9143	56	8	provides	provide	VERB
fbem-9143	56	9	convenience	convenience	NOUN
fbem-9143	56	10	for	for	ADP
fbem-9143	56	11	the	the	DET
fbem-9143	56	12	development	development	NOUN
fbem-9143	56	13	of	of	ADP
fbem-9143	56	14	the	the	DET
fbem-9143	56	15	real	real	ADJ
fbem-9143	56	16	economy	economy	NOUN
fbem-9143	56	17	,	,	PUNCT
fbem-9143	56	18	reduces	reduce	VERB
fbem-9143	56	19	the	the	DET
fbem-9143	56	20	business	business	NOUN
fbem-9143	56	21	risk	risk	NOUN
fbem-9143	56	22	and	and	CCONJ
fbem-9143	56	23	entrepreneurial	entrepreneurial	ADJ
fbem-9143	56	24	risk	risk	NOUN
fbem-9143	56	25	of	of	ADP
fbem-9143	56	26	enterprises	enterprise	NOUN
fbem-9143	56	27	,	,	PUNCT
fbem-9143	56	28	so	so	SCONJ
fbem-9143	56	29	as	as	SCONJ
fbem-9143	56	30	to	to	PART
fbem-9143	56	31	improve	improve	VERB
fbem-9143	56	32	the	the	DET
fbem-9143	56	33	motivation	motivation	NOUN
fbem-9143	56	34	of	of	ADP
fbem-9143	56	35	operators	operator	NOUN
fbem-9143	56	36	and	and	CCONJ
fbem-9143	56	37	entrepreneurs	entrepreneur	NOUN
fbem-9143	56	38	,	,	PUNCT
fbem-9143	56	39	improve	improve	VERB
fbem-9143	56	40	the	the	DET
fbem-9143	56	41	efficiency	efficiency	NOUN
fbem-9143	56	42	of	of	ADP
fbem-9143	56	43	financial	financial	ADJ
fbem-9143	56	44	support	support	NOUN
fbem-9143	56	45	for	for	ADP
fbem-9143	56	46	the	the	DET
fbem-9143	56	47	real	real	ADJ
fbem-9143	56	48	economy	economy	NOUN
fbem-9143	56	49	,	,	PUNCT
fbem-9143	56	50	and	and	CCONJ
fbem-9143	56	51	promote	promote	VERB
fbem-9143	56	52	the	the	DET
fbem-9143	56	53	high	high	ADJ
fbem-9143	56	54	-	-	PUNCT
fbem-9143	56	55	quality	quality	NOUN
fbem-9143	56	56	development	development	NOUN
fbem-9143	56	57	of	of	ADP
fbem-9143	56	58	the	the	DET
fbem-9143	56	59	real	real	ADJ
fbem-9143	56	60	economy	economy	NOUN
fbem-9143	56	61	.	.	PUNCT
fbem-9143	57	1	based	base	VERB
fbem-9143	57	2	on	on	ADP
fbem-9143	57	3	this	this	PRON
fbem-9143	57	4	,	,	PUNCT
fbem-9143	57	5	this	this	DET
fbem-9143	57	6	paper	paper	NOUN
fbem-9143	57	7	proposes	propose	VERB
fbem-9143	57	8	the	the	DET
fbem-9143	57	9	first	first	ADJ
fbem-9143	57	10	hypothesis	hypothesis	NOUN
fbem-9143	57	11	.	.	PUNCT
fbem-9143	58	1	hypothesis	hypothesis	NOUN
fbem-9143	58	2	1	1	NUM
fbem-9143	58	3	:	:	PUNCT
fbem-9143	58	4	the	the	DET
fbem-9143	58	5	development	development	NOUN
fbem-9143	58	6	of	of	ADP
fbem-9143	58	7	digital	digital	ADJ
fbem-9143	58	8	finance	finance	NOUN
fbem-9143	58	9	can	can	AUX
fbem-9143	58	10	significantly	significantly	ADV
fbem-9143	58	11	improve	improve	VERB
fbem-9143	58	12	the	the	DET
fbem-9143	58	13	efficiency	efficiency	NOUN
fbem-9143	58	14	of	of	ADP
fbem-9143	58	15	financial	financial	ADJ
fbem-9143	58	16	support	support	NOUN
fbem-9143	58	17	for	for	ADP
fbem-9143	58	18	the	the	DET
fbem-9143	58	19	real	real	ADJ
fbem-9143	58	20	economy	economy	NOUN
fbem-9143	58	21	.	.	PUNCT
fbem-9143	59	1	there	there	PRON
fbem-9143	59	2	may	may	AUX
fbem-9143	59	3	be	be	AUX
fbem-9143	59	4	structural	structural	ADJ
fbem-9143	59	5	differences	difference	NOUN
fbem-9143	59	6	in	in	ADP
fbem-9143	59	7	the	the	DET
fbem-9143	59	8	effects	effect	NOUN
fbem-9143	59	9	of	of	ADP
fbem-9143	59	10	the	the	DET
fbem-9143	59	11	three	three	NUM
fbem-9143	59	12	sub	sub	NOUN
fbem-9143	59	13	dimensional	dimensional	ADJ
fbem-9143	59	14	indicators	indicator	NOUN
fbem-9143	59	15	of	of	ADP
fbem-9143	59	16	explanatory	explanatory	ADJ
fbem-9143	59	17	variables	variable	NOUN
fbem-9143	59	18	on	on	ADP
fbem-9143	59	19	the	the	DET
fbem-9143	59	20	efficiency	efficiency	NOUN
fbem-9143	59	21	of	of	ADP
fbem-9143	59	22	financial	financial	ADJ
fbem-9143	59	23	support	support	NOUN
fbem-9143	59	24	for	for	ADP
fbem-9143	59	25	the	the	DET
fbem-9143	59	26	real	real	ADJ
fbem-9143	59	27	economy	economy	NOUN
fbem-9143	59	28	.	.	PUNCT
fbem-9143	60	1	on	on	ADP
fbem-9143	60	2	the	the	DET
fbem-9143	60	3	one	one	NUM
fbem-9143	60	4	hand	hand	NOUN
fbem-9143	60	5	,	,	PUNCT
fbem-9143	60	6	with	with	ADP
fbem-9143	60	7	the	the	DET
fbem-9143	60	8	development	development	NOUN
fbem-9143	60	9	of	of	ADP
fbem-9143	60	10	digital	digital	ADJ
fbem-9143	60	11	finance	finance	NOUN
fbem-9143	60	12	,	,	PUNCT
fbem-9143	60	13	the	the	DET
fbem-9143	60	14	scope	scope	NOUN
fbem-9143	60	15	of	of	ADP
fbem-9143	60	16	financial	financial	ADJ
fbem-9143	60	17	services	service	NOUN
fbem-9143	60	18	has	have	AUX
fbem-9143	60	19	been	be	AUX
fbem-9143	60	20	extended	extend	VERB
fbem-9143	60	21	horizontally	horizontally	ADV
fbem-9143	60	22	,	,	PUNCT
fbem-9143	60	23	the	the	DET
fbem-9143	60	24	depth	depth	NOUN
fbem-9143	60	25	of	of	ADP
fbem-9143	60	26	service	service	NOUN
fbem-9143	60	27	use	use	NOUN
fbem-9143	60	28	has	have	AUX
fbem-9143	60	29	been	be	AUX
fbem-9143	60	30	expanded	expand	VERB
fbem-9143	60	31	vertically	vertically	ADV
fbem-9143	60	32	,	,	PUNCT
fbem-9143	60	33	the	the	DET
fbem-9143	60	34	transaction	transaction	NOUN
fbem-9143	60	35	costs	cost	NOUN
fbem-9143	60	36	and	and	CCONJ
fbem-9143	60	37	liquidity	liquidity	NOUN
fbem-9143	60	38	constraints	constraint	NOUN
fbem-9143	60	39	of	of	ADP
fbem-9143	60	40	services	service	NOUN
fbem-9143	60	41	have	have	AUX
fbem-9143	60	42	been	be	AUX
fbem-9143	60	43	reduced	reduce	VERB
fbem-9143	60	44	,	,	PUNCT
fbem-9143	60	45	and	and	CCONJ
fbem-9143	60	46	financial	financial	ADJ
fbem-9143	60	47	resources	resource	NOUN
fbem-9143	60	48	have	have	AUX
fbem-9143	60	49	been	be	AUX
fbem-9143	60	50	flowing	flow	VERB
fbem-9143	60	51	into	into	ADP
fbem-9143	60	52	real	real	ADJ
fbem-9143	60	53	enterprises	enterprise	NOUN
fbem-9143	60	54	more	more	ADV
fbem-9143	60	55	timely	timely	ADV
fbem-9143	60	56	and	and	CCONJ
fbem-9143	60	57	efficiently	efficiently	ADV
fbem-9143	60	58	;	;	PUNCT
fbem-9143	60	59	on	on	ADP
fbem-9143	60	60	the	the	DET
fbem-9143	60	61	other	other	ADJ
fbem-9143	60	62	hand	hand	NOUN
fbem-9143	60	63	,	,	PUNCT
fbem-9143	60	64	the	the	DET
fbem-9143	60	65	current	current	ADJ
fbem-9143	60	66	digital	digital	ADJ
fbem-9143	60	67	development	development	NOUN
fbem-9143	60	68	is	be	AUX
fbem-9143	60	69	not	not	PART
fbem-9143	60	70	perfect	perfect	ADJ
fbem-9143	60	71	,	,	PUNCT
fbem-9143	60	72	the	the	DET
fbem-9143	60	73	ability	ability	NOUN
fbem-9143	60	74	to	to	PART
fbem-9143	60	75	identify	identify	VERB
fbem-9143	60	76	new	new	ADJ
fbem-9143	60	77	risks	risk	NOUN
fbem-9143	60	78	is	be	AUX
fbem-9143	60	79	weak	weak	ADJ
fbem-9143	60	80	,	,	PUNCT
fbem-9143	60	81	the	the	DET
fbem-9143	60	82	problem	problem	NOUN
fbem-9143	60	83	of	of	ADP
fbem-9143	60	84	information	information	NOUN
fbem-9143	60	85	asymmetry	asymmetry	NOUN
fbem-9143	60	86	still	still	ADV
fbem-9143	60	87	exists	exist	VERB
fbem-9143	60	88	,	,	PUNCT
fbem-9143	60	89	and	and	CCONJ
fbem-9143	60	90	the	the	DET
fbem-9143	60	91	impact	impact	NOUN
fbem-9143	60	92	of	of	ADP
fbem-9143	60	93	digital	digital	ADJ
fbem-9143	60	94	level	level	NOUN
fbem-9143	60	95	on	on	ADP
fbem-9143	60	96	the	the	DET
fbem-9143	60	97	efficiency	efficiency	NOUN
fbem-9143	60	98	of	of	ADP
fbem-9143	60	99	financial	financial	ADJ
fbem-9143	60	100	support	support	NOUN
fbem-9143	60	101	to	to	ADP
fbem-9143	60	102	the	the	DET
fbem-9143	60	103	real	real	ADJ
fbem-9143	60	104	economy	economy	NOUN
fbem-9143	60	105	needs	need	VERB
fbem-9143	60	106	to	to	PART
fbem-9143	60	107	be	be	AUX
fbem-9143	60	108	improved	improve	VERB
fbem-9143	60	109	;	;	PUNCT
fbem-9143	60	110	in	in	ADP
fbem-9143	60	111	addition	addition	NOUN
fbem-9143	60	112	,	,	PUNCT
fbem-9143	60	113	different	different	ADJ
fbem-9143	60	114	geographical	geographical	ADJ
fbem-9143	60	115	locations	location	NOUN
fbem-9143	60	116	lead	lead	VERB
fbem-9143	60	117	to	to	ADP
fbem-9143	60	118	different	different	ADJ
fbem-9143	60	119	economic	economic	ADJ
fbem-9143	60	120	development	development	NOUN
fbem-9143	60	121	conditions	condition	NOUN
fbem-9143	60	122	.	.	PUNCT
fbem-9143	61	1	due	due	ADP
fbem-9143	61	2	to	to	ADP
fbem-9143	61	3	better	well	ADJ
fbem-9143	61	4	geographical	geographical	ADJ
fbem-9143	61	5	location	location	NOUN
fbem-9143	61	6	and	and	CCONJ
fbem-9143	61	7	rich	rich	ADJ
fbem-9143	61	8	financial	financial	ADJ
fbem-9143	61	9	resources	resource	NOUN
fbem-9143	61	10	,	,	PUNCT
fbem-9143	61	11	the	the	DET
fbem-9143	61	12	development	development	NOUN
fbem-9143	61	13	level	level	NOUN
fbem-9143	61	14	of	of	ADP
fbem-9143	61	15	digital	digital	ADJ
fbem-9143	61	16	finance	finance	NOUN
fbem-9143	61	17	in	in	ADP
fbem-9143	61	18	the	the	DET
fbem-9143	61	19	central	central	ADJ
fbem-9143	61	20	and	and	CCONJ
fbem-9143	61	21	eastern	eastern	ADJ
fbem-9143	61	22	regions	region	NOUN
fbem-9143	61	23	is	be	AUX
fbem-9143	61	24	stronger	strong	ADJ
fbem-9143	61	25	than	than	ADP
fbem-9143	61	26	that	that	PRON
fbem-9143	61	27	in	in	ADP
fbem-9143	61	28	the	the	DET
fbem-9143	61	29	less	less	ADV
fbem-9143	61	30	developed	developed	ADJ
fbem-9143	61	31	western	western	ADJ
fbem-9143	61	32	regions	region	NOUN
fbem-9143	61	33	.	.	PUNCT
fbem-9143	62	1	the	the	DET
fbem-9143	62	2	development	development	NOUN
fbem-9143	62	3	of	of	ADP
fbem-9143	62	4	regional	regional	ADJ
fbem-9143	62	5	digital	digital	ADJ
fbem-9143	62	6	finance	finance	NOUN
fbem-9143	62	7	is	be	AUX
fbem-9143	62	8	closely	closely	ADV
fbem-9143	62	9	related	relate	VERB
fbem-9143	62	10	to	to	ADP
fbem-9143	62	11	the	the	DET
fbem-9143	62	12	financial	financial	ADJ
fbem-9143	62	13	and	and	CCONJ
fbem-9143	62	14	economic	economic	ADJ
fbem-9143	62	15	development	development	NOUN
fbem-9143	62	16	of	of	ADP
fbem-9143	62	17	the	the	DET
fbem-9143	62	18	region	region	NOUN
fbem-9143	62	19	.	.	PUNCT
fbem-9143	63	1	therefore	therefore	ADV
fbem-9143	63	2	,	,	PUNCT
fbem-9143	63	3	the	the	DET
fbem-9143	63	4	effect	effect	NOUN
fbem-9143	63	5	of	of	ADP
fbem-9143	63	6	digital	digital	ADJ
fbem-9143	63	7	finance	finance	NOUN
fbem-9143	63	8	on	on	ADP
fbem-9143	63	9	the	the	DET
fbem-9143	63	10	efficiency	efficiency	NOUN
fbem-9143	63	11	of	of	ADP
fbem-9143	63	12	financial	financial	ADJ
fbem-9143	63	13	support	support	NOUN
fbem-9143	63	14	for	for	ADP
fbem-9143	63	15	the	the	DET
fbem-9143	63	16	real	real	ADJ
fbem-9143	63	17	economy	economy	NOUN
fbem-9143	63	18	may	may	AUX
fbem-9143	63	19	also	also	ADV
fbem-9143	63	20	be	be	AUX
fbem-9143	63	21	different	different	ADJ
fbem-9143	63	22	due	due	ADJ
fbem-9143	63	23	to	to	ADP
fbem-9143	63	24	different	different	ADJ
fbem-9143	63	25	regional	regional	ADJ
fbem-9143	63	26	economic	economic	ADJ
fbem-9143	63	27	development	development	NOUN
fbem-9143	63	28	.	.	PUNCT
fbem-9143	64	1	based	base	VERB
fbem-9143	64	2	on	on	ADP
fbem-9143	64	3	this	this	PRON
fbem-9143	64	4	,	,	PUNCT
fbem-9143	64	5	the	the	DET
fbem-9143	64	6	second	second	ADJ
fbem-9143	64	7	hypothesis	hypothesis	NOUN
fbem-9143	64	8	is	be	AUX
fbem-9143	64	9	proposed	propose	VERB
fbem-9143	64	10	.	.	PUNCT
fbem-9143	65	1	hypothesis	hypothesis	NOUN
fbem-9143	65	2	2	2	NUM
fbem-9143	65	3	:	:	PUNCT
fbem-9143	65	4	there	there	PRON
fbem-9143	65	5	are	be	VERB
fbem-9143	65	6	regional	regional	ADJ
fbem-9143	65	7	and	and	CCONJ
fbem-9143	65	8	structural	structural	ADJ
fbem-9143	65	9	differences	difference	NOUN
fbem-9143	65	10	in	in	ADP
fbem-9143	65	11	the	the	DET
fbem-9143	65	12	role	role	NOUN
fbem-9143	65	13	of	of	ADP
fbem-9143	65	14	digital	digital	ADJ
fbem-9143	65	15	finance	finance	NOUN
fbem-9143	65	16	in	in	ADP
fbem-9143	65	17	promoting	promote	VERB
fbem-9143	65	18	the	the	DET
fbem-9143	65	19	efficiency	efficiency	NOUN
fbem-9143	65	20	of	of	ADP
fbem-9143	65	21	financial	financial	ADJ
fbem-9143	65	22	support	support	NOUN
fbem-9143	65	23	for	for	ADP
fbem-9143	65	24	the	the	DET
fbem-9143	65	25	real	real	ADJ
fbem-9143	65	26	economy	economy	NOUN
fbem-9143	65	27	.	.	PUNCT
fbem-9143	66	1	4	4	X
fbem-9143	66	2	.	.	X
fbem-9143	66	3	research	research	NOUN
fbem-9143	66	4	design	design	NOUN
fbem-9143	66	5	4.1	4.1	NUM
fbem-9143	66	6	.	.	PUNCT
fbem-9143	67	1	model	model	NOUN
fbem-9143	67	2	setting	setting	NOUN
fbem-9143	67	3	according	accord	VERB
fbem-9143	67	4	to	to	ADP
fbem-9143	67	5	the	the	DET
fbem-9143	67	6	above	above	ADJ
fbem-9143	67	7	theoretical	theoretical	ADJ
fbem-9143	67	8	research	research	NOUN
fbem-9143	67	9	,	,	PUNCT
fbem-9143	67	10	in	in	ADP
fbem-9143	67	11	order	order	NOUN
fbem-9143	67	12	to	to	PART
fbem-9143	67	13	further	far	ADV
fbem-9143	67	14	explore	explore	VERB
fbem-9143	67	15	the	the	DET
fbem-9143	67	16	effect	effect	NOUN
fbem-9143	67	17	of	of	ADP
fbem-9143	67	18	digital	digital	ADJ
fbem-9143	67	19	finance	finance	NOUN
fbem-9143	67	20	on	on	ADP
fbem-9143	67	21	improving	improve	VERB
fbem-9143	67	22	the	the	DET
fbem-9143	67	23	143	143	NUM
fbem-9143	67	24	efficiency	efficiency	NOUN
fbem-9143	67	25	of	of	ADP
fbem-9143	67	26	financial	financial	ADJ
fbem-9143	67	27	support	support	NOUN
fbem-9143	67	28	for	for	ADP
fbem-9143	67	29	the	the	DET
fbem-9143	67	30	real	real	ADJ
fbem-9143	67	31	economy	economy	NOUN
fbem-9143	67	32	,	,	PUNCT
fbem-9143	67	33	the	the	DET
fbem-9143	67	34	following	follow	VERB
fbem-9143	67	35	regression	regression	NOUN
fbem-9143	67	36	model	model	NOUN
fbem-9143	67	37	is	be	AUX
fbem-9143	67	38	constructed	construct	VERB
fbem-9143	67	39	:	:	PUNCT
fbem-9143	67	40	tfpch	tfpch	PROPN
fbem-9143	67	41	𝛼	𝛼	PART
fbem-9143	67	42	𝛼	𝛼	NOUN
fbem-9143	67	43	fi	fi	NOUN
fbem-9143	67	44	𝛾𝑋	𝛾𝑋	ADJ
fbem-9143	67	45	∑𝑦𝑒𝑎𝑟	∑𝑦𝑒𝑎𝑟	NOUN
fbem-9143	67	46	∑𝑖𝑑	∑𝑖𝑑	PUNCT
fbem-9143	68	1	𝜀	𝜀	X
fbem-9143	68	2	(	(	PUNCT
fbem-9143	68	3	1	1	X
fbem-9143	68	4	)	)	PUNCT
fbem-9143	68	5	explain	explain	VERB
fbem-9143	68	6	the	the	DET
fbem-9143	68	7	variables	variable	NOUN
fbem-9143	68	8	and	and	CCONJ
fbem-9143	68	9	symbols	symbol	NOUN
fbem-9143	68	10	in	in	ADP
fbem-9143	68	11	the	the	DET
fbem-9143	68	12	above	above	ADJ
fbem-9143	68	13	formula	formula	NOUN
fbem-9143	68	14	.	.	PUNCT
fbem-9143	69	1	𝑖	𝑖	X
fbem-9143	70	1	and	and	CCONJ
fbem-9143	70	2	𝑡	𝑡	PROPN
fbem-9143	70	3	are	be	AUX
fbem-9143	70	4	alternate	alternate	ADJ
fbem-9143	70	5	symbols	symbol	NOUN
fbem-9143	70	6	for	for	ADP
fbem-9143	70	7	provinces	province	NOUN
fbem-9143	70	8	and	and	CCONJ
fbem-9143	70	9	years	year	NOUN
fbem-9143	70	10	;	;	PUNCT
fbem-9143	70	11	tfpch	tfpch	X
fbem-9143	70	12	is	be	AUX
fbem-9143	70	13	the	the	DET
fbem-9143	70	14	efficiency	efficiency	NOUN
fbem-9143	70	15	variables	variable	NOUN
fbem-9143	70	16	of	of	ADP
fbem-9143	70	17	financial	financial	ADJ
fbem-9143	70	18	support	support	NOUN
fbem-9143	70	19	to	to	ADP
fbem-9143	70	20	real	real	ADJ
fbem-9143	70	21	economy	economy	NOUN
fbem-9143	70	22	;	;	PUNCT
fbem-9143	70	23	fi	fi	NOUN
fbem-9143	70	24	is	be	AUX
fbem-9143	70	25	the	the	DET
fbem-9143	70	26	variable	variable	NOUN
fbem-9143	70	27	of	of	ADP
fbem-9143	70	28	the	the	DET
fbem-9143	70	29	development	development	NOUN
fbem-9143	70	30	level	level	NOUN
fbem-9143	70	31	of	of	ADP
fbem-9143	70	32	digital	digital	ADJ
fbem-9143	70	33	finance;𝑋	finance;𝑋	NOUN
fbem-9143	70	34	is	be	AUX
fbem-9143	70	35	the	the	DET
fbem-9143	70	36	control	control	NOUN
fbem-9143	70	37	variable	variable	NOUN
fbem-9143	70	38	;	;	PUNCT
fbem-9143	70	39	∑𝑦𝑒𝑎𝑟	∑𝑦𝑒𝑎𝑟	NOUN
fbem-9143	70	40	and	and	CCONJ
fbem-9143	70	41	∑𝑖𝑑	∑𝑖𝑑	PUNCT
fbem-9143	70	42	denote	denote	VERB
fbem-9143	70	43	time	time	NOUN
fbem-9143	70	44	point	point	NOUN
fbem-9143	70	45	effect	effect	NOUN
fbem-9143	70	46	and	and	CCONJ
fbem-9143	70	47	individual	individual	ADJ
fbem-9143	70	48	effect	effect	NOUN
fbem-9143	70	49	respectively	respectively	ADV
fbem-9143	70	50	;	;	PUNCT
fbem-9143	70	51	𝜀	𝜀	PRON
fbem-9143	70	52	is	be	AUX
fbem-9143	70	53	the	the	DET
fbem-9143	70	54	error	error	NOUN
fbem-9143	70	55	term	term	NOUN
fbem-9143	70	56	.	.	PUNCT
fbem-9143	71	1	in	in	ADP
fbem-9143	71	2	order	order	NOUN
fbem-9143	71	3	to	to	PART
fbem-9143	71	4	solve	solve	VERB
fbem-9143	71	5	the	the	DET
fbem-9143	71	6	problem	problem	NOUN
fbem-9143	71	7	of	of	ADP
fbem-9143	71	8	model	model	NOUN
fbem-9143	71	9	estimation	estimation	NOUN
fbem-9143	71	10	bias	bias	NOUN
fbem-9143	71	11	caused	cause	VERB
fbem-9143	71	12	by	by	ADP
fbem-9143	71	13	endogeneity	endogeneity	NOUN
fbem-9143	71	14	and	and	CCONJ
fbem-9143	71	15	mutual	mutual	ADJ
fbem-9143	71	16	causality	causality	NOUN
fbem-9143	71	17	as	as	ADV
fbem-9143	71	18	much	much	ADV
fbem-9143	71	19	as	as	ADP
fbem-9143	71	20	possible	possible	ADJ
fbem-9143	71	21	and	and	CCONJ
fbem-9143	71	22	improve	improve	VERB
fbem-9143	71	23	the	the	DET
fbem-9143	71	24	robustness	robustness	NOUN
fbem-9143	71	25	of	of	ADP
fbem-9143	71	26	the	the	DET
fbem-9143	71	27	results	result	NOUN
fbem-9143	71	28	,	,	PUNCT
fbem-9143	71	29	the	the	DET
fbem-9143	71	30	following	follow	VERB
fbem-9143	71	31	dynamic	dynamic	ADJ
fbem-9143	71	32	panel	panel	NOUN
fbem-9143	71	33	model	model	NOUN
fbem-9143	71	34	is	be	AUX
fbem-9143	71	35	established	establish	VERB
fbem-9143	71	36	:	:	PUNCT
fbem-9143	71	37	tfpch	tfpch	PROPN
fbem-9143	71	38	𝛽	𝛽	PROPN
fbem-9143	71	39	𝛽	𝛽	PROPN
fbem-9143	71	40	tfpch	tfpch	X
fbem-9143	71	41	𝛽	𝛽	NOUN
fbem-9143	71	42	fi	fi	NOUN
fbem-9143	71	43	𝛾𝑋	𝛾𝑋	ADJ
fbem-9143	71	44	∑𝑦𝑒𝑎𝑟	∑𝑦𝑒𝑎𝑟	NOUN
fbem-9143	71	45	𝜀	𝜀	X
fbem-9143	71	46	(	(	PUNCT
fbem-9143	71	47	2	2	NUM
fbem-9143	71	48	)	)	PUNCT
fbem-9143	71	49	the	the	DET
fbem-9143	71	50	main	main	ADJ
fbem-9143	71	51	variables	variable	NOUN
fbem-9143	71	52	in	in	ADP
fbem-9143	71	53	the	the	DET
fbem-9143	71	54	model	model	NOUN
fbem-9143	71	55	will	will	AUX
fbem-9143	71	56	be	be	AUX
fbem-9143	71	57	described	describe	VERB
fbem-9143	71	58	in	in	ADP
fbem-9143	71	59	detail	detail	NOUN
fbem-9143	71	60	below	below	ADV
fbem-9143	71	61	.	.	PUNCT
fbem-9143	72	1	4.2	4.2	NUM
fbem-9143	72	2	.	.	PUNCT
fbem-9143	72	3	variable	variable	ADJ
fbem-9143	72	4	selection	selection	NOUN
fbem-9143	72	5	and	and	CCONJ
fbem-9143	72	6	data	datum	NOUN
fbem-9143	72	7	source	source	NOUN
fbem-9143	72	8	(	(	PUNCT
fbem-9143	72	9	1	1	NUM
fbem-9143	72	10	)	)	PUNCT
fbem-9143	72	11	explained	explain	VERB
fbem-9143	72	12	variable	variable	ADJ
fbem-9143	72	13	efficiency	efficiency	NOUN
fbem-9143	72	14	of	of	ADP
fbem-9143	72	15	financial	financial	ADJ
fbem-9143	72	16	support	support	NOUN
fbem-9143	72	17	to	to	ADP
fbem-9143	72	18	the	the	DET
fbem-9143	72	19	real	real	ADJ
fbem-9143	72	20	economy	economy	NOUN
fbem-9143	72	21	(	(	PUNCT
fbem-9143	72	22	tfpch	tfpch	NOUN
fbem-9143	72	23	)	)	PUNCT
fbem-9143	72	24	.	.	PUNCT
fbem-9143	73	1	this	this	DET
fbem-9143	73	2	variable	variable	NOUN
fbem-9143	73	3	is	be	AUX
fbem-9143	73	4	a	a	DET
fbem-9143	73	5	measure	measure	NOUN
fbem-9143	73	6	of	of	ADP
fbem-9143	73	7	the	the	DET
fbem-9143	73	8	real	real	ADJ
fbem-9143	73	9	economic	economic	ADJ
fbem-9143	73	10	output	output	NOUN
fbem-9143	73	11	generated	generate	VERB
fbem-9143	73	12	by	by	ADP
fbem-9143	73	13	the	the	DET
fbem-9143	73	14	input	input	NOUN
fbem-9143	73	15	of	of	ADP
fbem-9143	73	16	unit	unit	NOUN
fbem-9143	73	17	financial	financial	ADJ
fbem-9143	73	18	resources	resource	NOUN
fbem-9143	73	19	.	.	PUNCT
fbem-9143	74	1	because	because	SCONJ
fbem-9143	74	2	malmquist	malmquist	NOUN
fbem-9143	74	3	index	index	NOUN
fbem-9143	74	4	can	can	AUX
fbem-9143	74	5	better	well	ADV
fbem-9143	74	6	solve	solve	VERB
fbem-9143	74	7	the	the	DET
fbem-9143	74	8	problem	problem	NOUN
fbem-9143	74	9	that	that	PRON
fbem-9143	74	10	data	data	VERB
fbem-9143	74	11	envelopment	envelopment	ADJ
fbem-9143	74	12	analysis	analysis	NOUN
fbem-9143	74	13	model	model	NOUN
fbem-9143	74	14	can	can	AUX
fbem-9143	74	15	not	not	PART
fbem-9143	74	16	measure	measure	VERB
fbem-9143	74	17	the	the	DET
fbem-9143	74	18	dynamic	dynamic	ADJ
fbem-9143	74	19	change	change	NOUN
fbem-9143	74	20	of	of	ADP
fbem-9143	74	21	efficiency	efficiency	NOUN
fbem-9143	74	22	due	due	ADJ
fbem-9143	74	23	to	to	ADP
fbem-9143	74	24	ignoring	ignore	VERB
fbem-9143	74	25	the	the	DET
fbem-9143	74	26	time	time	NOUN
fbem-9143	74	27	factor	factor	NOUN
fbem-9143	74	28	.	.	PUNCT
fbem-9143	75	1	referring	refer	VERB
fbem-9143	75	2	to	to	ADP
fbem-9143	75	3	the	the	DET
fbem-9143	75	4	practices	practice	NOUN
fbem-9143	75	5	of	of	ADP
fbem-9143	75	6	sun	sun	PROPN
fbem-9143	75	7	et	et	PROPN
fbem-9143	75	8	al	al	PROPN
fbem-9143	75	9	.	.	PROPN
fbem-9143	76	1	(	(	PUNCT
fbem-9143	76	2	2011	2011	NUM
fbem-9143	76	3	)	)	PUNCT
fbem-9143	77	1	[	[	X
fbem-9143	77	2	10	10	NUM
fbem-9143	77	3	]	]	PUNCT
fbem-9143	77	4	and	and	CCONJ
fbem-9143	77	5	ma	ma	PROPN
fbem-9143	77	6	et	et	PROPN
fbem-9143	77	7	al	al	PROPN
fbem-9143	77	8	.	.	PROPN
fbem-9143	77	9	(	(	PUNCT
fbem-9143	77	10	2021	2021	NUM
fbem-9143	77	11	)	)	PUNCT
fbem-9143	78	1	[	[	X
fbem-9143	78	2	22	22	NUM
fbem-9143	78	3	]	]	PUNCT
fbem-9143	78	4	,	,	PUNCT
fbem-9143	78	5	this	this	DET
fbem-9143	78	6	paper	paper	NOUN
fbem-9143	78	7	uses	use	VERB
fbem-9143	78	8	the	the	DET
fbem-9143	78	9	upgraded	upgrade	VERB
fbem-9143	78	10	dea	dea	PROPN
fbem-9143	78	11	malmquist	malmquist	PROPN
fbem-9143	78	12	model	model	NOUN
fbem-9143	78	13	to	to	PART
fbem-9143	78	14	measure	measure	VERB
fbem-9143	78	15	the	the	DET
fbem-9143	78	16	explained	explain	VERB
fbem-9143	78	17	variable	variable	NOUN
fbem-9143	78	18	,	,	PUNCT
fbem-9143	78	19	and	and	CCONJ
fbem-9143	78	20	calculates	calculate	VERB
fbem-9143	78	21	the	the	DET
fbem-9143	78	22	efficiency	efficiency	NOUN
fbem-9143	78	23	of	of	ADP
fbem-9143	78	24	financial	financial	ADJ
fbem-9143	78	25	services	service	NOUN
fbem-9143	78	26	in	in	ADP
fbem-9143	78	27	the	the	DET
fbem-9143	78	28	real	real	ADJ
fbem-9143	78	29	economy	economy	NOUN
fbem-9143	78	30	of	of	ADP
fbem-9143	78	31	china	china	PROPN
fbem-9143	78	32	's	's	PART
fbem-9143	78	33	provinces	province	NOUN
fbem-9143	78	34	in	in	ADP
fbem-9143	78	35	the	the	DET
fbem-9143	78	36	past	past	ADJ
fbem-9143	78	37	eight	eight	NUM
fbem-9143	78	38	years	year	NOUN
fbem-9143	78	39	.	.	PUNCT
fbem-9143	79	1	according	accord	VERB
fbem-9143	79	2	to	to	ADP
fbem-9143	79	3	china	china	PROPN
fbem-9143	79	4	's	's	PART
fbem-9143	79	5	economic	economic	ADJ
fbem-9143	79	6	and	and	CCONJ
fbem-9143	79	7	financial	financial	ADJ
fbem-9143	79	8	development	development	NOUN
fbem-9143	79	9	structure	structure	NOUN
fbem-9143	79	10	,	,	PUNCT
fbem-9143	79	11	the	the	DET
fbem-9143	79	12	selected	select	VERB
fbem-9143	79	13	variables	variable	NOUN
fbem-9143	79	14	are	be	AUX
fbem-9143	79	15	as	as	SCONJ
fbem-9143	79	16	follows	follow	NOUN
fbem-9143	79	17	,	,	PUNCT
fbem-9143	79	18	including	include	VERB
fbem-9143	79	19	four	four	NUM
fbem-9143	79	20	input	input	NOUN
fbem-9143	79	21	variables	variable	NOUN
fbem-9143	79	22	,	,	PUNCT
fbem-9143	79	23	including	include	VERB
fbem-9143	79	24	three	three	NUM
fbem-9143	79	25	capital	capital	NOUN
fbem-9143	79	26	input	input	NOUN
fbem-9143	79	27	variables	variable	NOUN
fbem-9143	79	28	,	,	PUNCT
fbem-9143	79	29	namely	namely	ADV
fbem-9143	79	30	,	,	PUNCT
fbem-9143	79	31	the	the	DET
fbem-9143	79	32	scale	scale	NOUN
fbem-9143	79	33	of	of	ADP
fbem-9143	79	34	regional	regional	ADJ
fbem-9143	79	35	social	social	ADJ
fbem-9143	79	36	financing	financing	NOUN
fbem-9143	79	37	,	,	PUNCT
fbem-9143	79	38	the	the	DET
fbem-9143	79	39	amount	amount	NOUN
fbem-9143	79	40	of	of	ADP
fbem-9143	79	41	fixed	fix	VERB
fbem-9143	79	42	asset	asset	NOUN
fbem-9143	79	43	investment	investment	NOUN
fbem-9143	79	44	in	in	ADP
fbem-9143	79	45	the	the	DET
fbem-9143	79	46	financial	financial	ADJ
fbem-9143	79	47	industry	industry	NOUN
fbem-9143	79	48	and	and	CCONJ
fbem-9143	79	49	the	the	DET
fbem-9143	79	50	original	original	ADJ
fbem-9143	79	51	insurance	insurance	NOUN
fbem-9143	79	52	premium	premium	NOUN
fbem-9143	79	53	income	income	NOUN
fbem-9143	79	54	,	,	PUNCT
fbem-9143	79	55	and	and	CCONJ
fbem-9143	79	56	one	one	NUM
fbem-9143	79	57	labor	labor	NOUN
fbem-9143	79	58	input	input	NOUN
fbem-9143	79	59	variable	variable	NOUN
fbem-9143	79	60	,	,	PUNCT
fbem-9143	79	61	namely	namely	ADV
fbem-9143	79	62	,	,	PUNCT
fbem-9143	79	63	the	the	DET
fbem-9143	79	64	number	number	NOUN
fbem-9143	79	65	of	of	ADP
fbem-9143	79	66	employees	employee	NOUN
fbem-9143	79	67	in	in	ADP
fbem-9143	79	68	the	the	DET
fbem-9143	79	69	urban	urban	ADJ
fbem-9143	79	70	financial	financial	ADJ
fbem-9143	79	71	industry	industry	NOUN
fbem-9143	79	72	.	.	PUNCT
fbem-9143	80	1	the	the	DET
fbem-9143	80	2	single	single	ADJ
fbem-9143	80	3	output	output	NOUN
fbem-9143	80	4	variable	variable	NOUN
fbem-9143	80	5	is	be	AUX
fbem-9143	80	6	the	the	DET
fbem-9143	80	7	gross	gross	ADJ
fbem-9143	80	8	output	output	NOUN
fbem-9143	80	9	value	value	NOUN
fbem-9143	80	10	of	of	ADP
fbem-9143	80	11	the	the	DET
fbem-9143	80	12	real	real	ADJ
fbem-9143	80	13	economy	economy	NOUN
fbem-9143	80	14	.	.	PUNCT
fbem-9143	81	1	refer	refer	VERB
fbem-9143	81	2	to	to	ADP
fbem-9143	81	3	the	the	DET
fbem-9143	81	4	research	research	NOUN
fbem-9143	81	5	of	of	ADP
fbem-9143	81	6	zhang	zhang	PROPN
fbem-9143	81	7	and	and	CCONJ
fbem-9143	81	8	zhang	zhang	PROPN
fbem-9143	81	9	(	(	PUNCT
fbem-9143	81	10	2017	2017	NUM
fbem-9143	81	11	)	)	PUNCT
fbem-9143	82	1	[	[	X
fbem-9143	82	2	23	23	NUM
fbem-9143	82	3	]	]	PUNCT
fbem-9143	82	4	,	,	PUNCT
fbem-9143	82	5	the	the	DET
fbem-9143	82	6	surplus	surplus	ADJ
fbem-9143	82	7	output	output	NOUN
fbem-9143	82	8	value	value	NOUN
fbem-9143	82	9	is	be	AUX
fbem-9143	82	10	calculated	calculate	VERB
fbem-9143	82	11	by	by	ADP
fbem-9143	82	12	subtracting	subtract	VERB
fbem-9143	82	13	the	the	DET
fbem-9143	82	14	added	add	VERB
fbem-9143	82	15	value	value	NOUN
fbem-9143	82	16	of	of	ADP
fbem-9143	82	17	finance	finance	NOUN
fbem-9143	82	18	and	and	CCONJ
fbem-9143	82	19	real	real	ADJ
fbem-9143	82	20	estate	estate	NOUN
fbem-9143	82	21	industry	industry	NOUN
fbem-9143	82	22	from	from	ADP
fbem-9143	82	23	the	the	DET
fbem-9143	82	24	gdp	gdp	NOUN
fbem-9143	82	25	of	of	ADP
fbem-9143	82	26	each	each	DET
fbem-9143	82	27	province	province	NOUN
fbem-9143	82	28	.	.	PUNCT
fbem-9143	83	1	(	(	PUNCT
fbem-9143	83	2	2	2	X
fbem-9143	83	3	)	)	PUNCT
fbem-9143	83	4	explanatory	explanatory	ADJ
fbem-9143	83	5	variables	variable	NOUN
fbem-9143	83	6	.	.	PUNCT
fbem-9143	84	1	digital	digital	ADJ
fbem-9143	84	2	finance	finance	NOUN
fbem-9143	84	3	development	development	NOUN
fbem-9143	84	4	level	level	NOUN
fbem-9143	84	5	(	(	PUNCT
fbem-9143	84	6	fi	fi	NOUN
fbem-9143	84	7	)	)	PUNCT
fbem-9143	84	8	.	.	PUNCT
fbem-9143	85	1	the	the	DET
fbem-9143	85	2	combination	combination	NOUN
fbem-9143	85	3	of	of	ADP
fbem-9143	85	4	digital	digital	ADJ
fbem-9143	85	5	finance	finance	NOUN
fbem-9143	85	6	and	and	CCONJ
fbem-9143	85	7	digital	digital	ADJ
fbem-9143	85	8	technology	technology	NOUN
fbem-9143	85	9	continues	continue	VERB
fbem-9143	85	10	to	to	PART
fbem-9143	85	11	innovate	innovate	VERB
fbem-9143	85	12	new	new	ADJ
fbem-9143	85	13	models	model	NOUN
fbem-9143	85	14	,	,	PUNCT
fbem-9143	85	15	making	make	VERB
fbem-9143	85	16	financial	financial	ADJ
fbem-9143	85	17	services	service	NOUN
fbem-9143	85	18	more	more	ADJ
fbem-9143	85	19	and	and	CCONJ
fbem-9143	85	20	more	more	ADJ
fbem-9143	85	21	"	"	PUNCT
fbem-9143	85	22	inclusive	inclusive	ADJ
fbem-9143	85	23	"	"	PUNCT
fbem-9143	85	24	,	,	PUNCT
fbem-9143	85	25	thus	thus	ADV
fbem-9143	85	26	deriving	derive	VERB
fbem-9143	85	27	digital	digital	ADJ
fbem-9143	85	28	inclusive	inclusive	ADJ
fbem-9143	85	29	finance	finance	NOUN
fbem-9143	85	30	,	,	PUNCT
fbem-9143	85	31	but	but	CCONJ
fbem-9143	85	32	its	its	PRON
fbem-9143	85	33	essence	essence	NOUN
fbem-9143	85	34	still	still	ADV
fbem-9143	85	35	belongs	belong	VERB
fbem-9143	85	36	to	to	ADP
fbem-9143	85	37	digital	digital	ADJ
fbem-9143	85	38	finance	finance	NOUN
fbem-9143	85	39	(	(	PUNCT
fbem-9143	85	40	guo	guo	PROPN
fbem-9143	85	41	et	et	PROPN
fbem-9143	85	42	al	al	PROPN
fbem-9143	85	43	.	.	PROPN
fbem-9143	85	44	,	,	PUNCT
fbem-9143	85	45	2020	2020	NUM
fbem-9143	85	46	)	)	PUNCT
fbem-9143	86	1	[	[	X
fbem-9143	86	2	24	24	NUM
fbem-9143	86	3	]	]	PUNCT
fbem-9143	86	4	.	.	PUNCT
fbem-9143	87	1	therefore	therefore	ADV
fbem-9143	87	2	,	,	PUNCT
fbem-9143	87	3	this	this	DET
fbem-9143	87	4	paper	paper	NOUN
fbem-9143	87	5	uses	use	VERB
fbem-9143	87	6	the	the	DET
fbem-9143	87	7	"	"	PUNCT
fbem-9143	87	8	digital	digital	ADJ
fbem-9143	87	9	inclusive	inclusive	ADJ
fbem-9143	87	10	finance	finance	NOUN
fbem-9143	87	11	index	index	NOUN
fbem-9143	87	12	"	"	PUNCT
fbem-9143	87	13	,	,	PUNCT
fbem-9143	87	14	which	which	PRON
fbem-9143	87	15	is	be	AUX
fbem-9143	87	16	compiled	compile	VERB
fbem-9143	87	17	by	by	ADP
fbem-9143	87	18	the	the	DET
fbem-9143	87	19	financial	financial	ADJ
fbem-9143	87	20	research	research	NOUN
fbem-9143	87	21	center	center	NOUN
fbem-9143	87	22	of	of	ADP
fbem-9143	87	23	peking	peking	PROPN
fbem-9143	87	24	university	university	NOUN
fbem-9143	87	25	,	,	PUNCT
fbem-9143	87	26	to	to	PART
fbem-9143	87	27	measure	measure	VERB
fbem-9143	87	28	the	the	DET
fbem-9143	87	29	development	development	NOUN
fbem-9143	87	30	level	level	NOUN
fbem-9143	87	31	of	of	ADP
fbem-9143	87	32	digital	digital	ADJ
fbem-9143	87	33	finance	finance	NOUN
fbem-9143	87	34	.	.	PUNCT
fbem-9143	88	1	in	in	ADP
fbem-9143	88	2	addition	addition	NOUN
fbem-9143	88	3	,	,	PUNCT
fbem-9143	88	4	a	a	DET
fbem-9143	88	5	single	single	ADJ
fbem-9143	88	6	explanatory	explanatory	ADJ
fbem-9143	88	7	variable	variable	NOUN
fbem-9143	88	8	makes	make	VERB
fbem-9143	88	9	the	the	DET
fbem-9143	88	10	regression	regression	NOUN
fbem-9143	88	11	results	result	NOUN
fbem-9143	88	12	of	of	ADP
fbem-9143	88	13	the	the	DET
fbem-9143	88	14	model	model	NOUN
fbem-9143	88	15	not	not	PART
fbem-9143	88	16	convincing	convince	VERB
fbem-9143	88	17	enough	enough	ADV
fbem-9143	88	18	.	.	PUNCT
fbem-9143	89	1	this	this	DET
fbem-9143	89	2	paper	paper	NOUN
fbem-9143	89	3	continues	continue	VERB
fbem-9143	89	4	to	to	PART
fbem-9143	89	5	select	select	VERB
fbem-9143	89	6	the	the	DET
fbem-9143	89	7	three	three	NUM
fbem-9143	89	8	sub	sub	NOUN
fbem-9143	89	9	dimensions	dimension	NOUN
fbem-9143	89	10	of	of	ADP
fbem-9143	89	11	the	the	DET
fbem-9143	89	12	digital	digital	ADJ
fbem-9143	89	13	inclusive	inclusive	ADJ
fbem-9143	89	14	financial	financial	ADJ
fbem-9143	89	15	index	index	NOUN
fbem-9143	89	16	for	for	ADP
fbem-9143	89	17	empirical	empirical	ADJ
fbem-9143	89	18	analysis	analysis	NOUN
fbem-9143	89	19	,	,	PUNCT
fbem-9143	89	20	which	which	PRON
fbem-9143	89	21	has	have	VERB
fbem-9143	89	22	certain	certain	ADJ
fbem-9143	89	23	significance	significance	NOUN
fbem-9143	89	24	for	for	ADP
fbem-9143	89	25	the	the	DET
fbem-9143	89	26	research	research	NOUN
fbem-9143	89	27	.	.	PUNCT
fbem-9143	90	1	in	in	ADP
fbem-9143	90	2	addition	addition	NOUN
fbem-9143	90	3	,	,	PUNCT
fbem-9143	90	4	in	in	ADP
fbem-9143	90	5	order	order	NOUN
fbem-9143	90	6	to	to	PART
fbem-9143	90	7	ensure	ensure	VERB
fbem-9143	90	8	the	the	DET
fbem-9143	90	9	reliability	reliability	NOUN
fbem-9143	90	10	of	of	ADP
fbem-9143	90	11	the	the	DET
fbem-9143	90	12	empirical	empirical	ADJ
fbem-9143	90	13	results	result	NOUN
fbem-9143	90	14	,	,	PUNCT
fbem-9143	90	15	this	this	DET
fbem-9143	90	16	paper	paper	NOUN
fbem-9143	90	17	smoothes	smooth	VERB
fbem-9143	90	18	the	the	DET
fbem-9143	90	19	order	order	NOUN
fbem-9143	90	20	of	of	ADP
fbem-9143	90	21	magnitude	magnitude	NOUN
fbem-9143	90	22	by	by	ADP
fbem-9143	90	23	taking	take	VERB
fbem-9143	90	24	logarithms	logarithm	NOUN
fbem-9143	90	25	of	of	ADP
fbem-9143	90	26	the	the	DET
fbem-9143	90	27	digital	digital	ADJ
fbem-9143	90	28	inclusive	inclusive	ADJ
fbem-9143	90	29	financial	financial	ADJ
fbem-9143	90	30	index	index	NOUN
fbem-9143	90	31	and	and	CCONJ
fbem-9143	90	32	its	its	PRON
fbem-9143	90	33	three	three	NUM
fbem-9143	90	34	sub	sub	NOUN
fbem-9143	90	35	dimensions	dimension	NOUN
fbem-9143	90	36	.	.	PUNCT
fbem-9143	91	1	(	(	PUNCT
fbem-9143	91	2	3	3	X
fbem-9143	91	3	)	)	PUNCT
fbem-9143	91	4	control	control	NOUN
fbem-9143	91	5	variable	variable	NOUN
fbem-9143	91	6	in	in	ADP
fbem-9143	91	7	addition	addition	NOUN
fbem-9143	91	8	to	to	ADP
fbem-9143	91	9	the	the	DET
fbem-9143	91	10	development	development	NOUN
fbem-9143	91	11	level	level	NOUN
fbem-9143	91	12	of	of	ADP
fbem-9143	91	13	digital	digital	ADJ
fbem-9143	91	14	finance	finance	NOUN
fbem-9143	91	15	,	,	PUNCT
fbem-9143	91	16	some	some	DET
fbem-9143	91	17	other	other	ADJ
fbem-9143	91	18	economic	economic	ADJ
fbem-9143	91	19	characteristics	characteristic	NOUN
fbem-9143	91	20	may	may	AUX
fbem-9143	91	21	also	also	ADV
fbem-9143	91	22	affect	affect	VERB
fbem-9143	91	23	the	the	DET
fbem-9143	91	24	efficiency	efficiency	NOUN
fbem-9143	91	25	of	of	ADP
fbem-9143	91	26	financial	financial	ADJ
fbem-9143	91	27	support	support	NOUN
fbem-9143	91	28	to	to	ADP
fbem-9143	91	29	the	the	DET
fbem-9143	91	30	real	real	ADJ
fbem-9143	91	31	economy	economy	NOUN
fbem-9143	91	32	in	in	ADP
fbem-9143	91	33	the	the	DET
fbem-9143	91	34	region	region	NOUN
fbem-9143	91	35	.	.	PUNCT
fbem-9143	92	1	referring	refer	VERB
fbem-9143	92	2	to	to	ADP
fbem-9143	92	3	the	the	DET
fbem-9143	92	4	existing	exist	VERB
fbem-9143	92	5	literature	literature	NOUN
fbem-9143	92	6	and	and	CCONJ
fbem-9143	92	7	considering	consider	VERB
fbem-9143	92	8	the	the	DET
fbem-9143	92	9	availability	availability	NOUN
fbem-9143	92	10	and	and	CCONJ
fbem-9143	92	11	reliability	reliability	NOUN
fbem-9143	92	12	of	of	ADP
fbem-9143	92	13	samples	sample	NOUN
fbem-9143	92	14	,	,	PUNCT
fbem-9143	92	15	this	this	DET
fbem-9143	92	16	paper	paper	NOUN
fbem-9143	92	17	also	also	ADV
fbem-9143	92	18	selects	select	VERB
fbem-9143	92	19	the	the	DET
fbem-9143	92	20	level	level	NOUN
fbem-9143	92	21	of	of	ADP
fbem-9143	92	22	regional	regional	ADJ
fbem-9143	92	23	urbanization	urbanization	NOUN
fbem-9143	92	24	,	,	PUNCT
fbem-9143	92	25	government	government	NOUN
fbem-9143	92	26	intervention	intervention	NOUN
fbem-9143	92	27	,	,	PUNCT
fbem-9143	92	28	the	the	DET
fbem-9143	92	29	proportion	proportion	NOUN
fbem-9143	92	30	of	of	ADP
fbem-9143	92	31	state	state	NOUN
fbem-9143	92	32	-	-	PUNCT
fbem-9143	92	33	owned	own	VERB
fbem-9143	92	34	economy	economy	NOUN
fbem-9143	92	35	,	,	PUNCT
fbem-9143	92	36	industrial	industrial	ADJ
fbem-9143	92	37	structure	structure	NOUN
fbem-9143	92	38	,	,	PUNCT
fbem-9143	92	39	and	and	CCONJ
fbem-9143	92	40	the	the	DET
fbem-9143	92	41	amount	amount	NOUN
fbem-9143	92	42	of	of	ADP
fbem-9143	92	43	foreign	foreign	ADJ
fbem-9143	92	44	direct	direct	ADJ
fbem-9143	92	45	investment	investment	NOUN
fbem-9143	92	46	as	as	ADP
fbem-9143	92	47	the	the	DET
fbem-9143	92	48	control	control	NOUN
fbem-9143	92	49	variables	variable	VERB
fbem-9143	92	50	in	in	ADP
fbem-9143	92	51	the	the	DET
fbem-9143	92	52	model	model	NOUN
fbem-9143	92	53	analysis	analysis	NOUN
fbem-9143	92	54	.	.	PUNCT
fbem-9143	93	1	the	the	DET
fbem-9143	93	2	above	above	ADJ
fbem-9143	93	3	data	datum	NOUN
fbem-9143	93	4	are	be	AUX
fbem-9143	93	5	from	from	ADP
fbem-9143	93	6	the	the	DET
fbem-9143	93	7	china	china	PROPN
fbem-9143	93	8	statistical	statistical	ADJ
fbem-9143	93	9	yearbook	yearbook	NOUN
fbem-9143	93	10	,	,	PUNCT
fbem-9143	93	11	the	the	DET
fbem-9143	93	12	statistical	statistical	ADJ
fbem-9143	93	13	yearbooks	yearbook	NOUN
fbem-9143	93	14	of	of	ADP
fbem-9143	93	15	various	various	ADJ
fbem-9143	93	16	provinces	province	NOUN
fbem-9143	93	17	,	,	PUNCT
fbem-9143	93	18	the	the	DET
fbem-9143	93	19	digital	digital	ADJ
fbem-9143	93	20	finance	finance	NOUN
fbem-9143	93	21	research	research	NOUN
fbem-9143	93	22	center	center	NOUN
fbem-9143	93	23	of	of	ADP
fbem-9143	93	24	peking	peking	PROPN
fbem-9143	93	25	university	university	PROPN
fbem-9143	93	26	,	,	PUNCT
fbem-9143	93	27	china	china	PROPN
fbem-9143	93	28	economic	economic	ADJ
fbem-9143	93	29	network	network	NOUN
fbem-9143	93	30	and	and	CCONJ
fbem-9143	93	31	wande	wande	PROPN
fbem-9143	93	32	database	database	NOUN
fbem-9143	93	33	.	.	PUNCT
fbem-9143	94	1	the	the	DET
fbem-9143	94	2	descriptive	descriptive	ADJ
fbem-9143	94	3	statistics	statistic	NOUN
fbem-9143	94	4	of	of	ADP
fbem-9143	94	5	variables	variable	NOUN
fbem-9143	94	6	are	be	AUX
fbem-9143	94	7	shown	show	VERB
fbem-9143	94	8	in	in	ADP
fbem-9143	94	9	the	the	DET
fbem-9143	94	10	table	table	NOUN
fbem-9143	94	11	below	below	ADV
fbem-9143	94	12	.	.	PUNCT
fbem-9143	95	1	table	table	NOUN
fbem-9143	95	2	1	1	NUM
fbem-9143	95	3	.	.	PUNCT
fbem-9143	95	4	variable	variable	ADJ
fbem-9143	95	5	definition	definition	NOUN
fbem-9143	95	6	and	and	CCONJ
fbem-9143	95	7	descriptive	descriptive	ADJ
fbem-9143	95	8	statistics	statistic	NOUN
fbem-9143	95	9	vartype	vartype	VERB
fbem-9143	95	10	varname	varname	NOUN
fbem-9143	95	11	varsymbol	varsymbol	NOUN
fbem-9143	95	12	sd	sd	ADP
fbem-9143	95	13	mean	mean	PROPN
fbem-9143	95	14	max	max	PROPN
fbem-9143	95	15	min	min	PROPN
fbem-9143	95	16	explained	explain	VERB
fbem-9143	95	17	variable	variable	ADJ
fbem-9143	95	18	efficiency	efficiency	NOUN
fbem-9143	95	19	of	of	ADP
fbem-9143	95	20	financial	financial	ADJ
fbem-9143	95	21	support	support	NOUN
fbem-9143	95	22	to	to	ADP
fbem-9143	95	23	real	real	ADJ
fbem-9143	95	24	economy	economy	NOUN
fbem-9143	95	25	tfpch	tfpch	NOUN
fbem-9143	95	26	0.277	0.277	NUM
fbem-9143	95	27	1.022	1.022	NUM
fbem-9143	95	28	3.236	3.236	NUM
fbem-9143	95	29	0.574	0.574	NUM
fbem-9143	95	30	explanatory	explanatory	ADJ
fbem-9143	95	31	variable	variable	ADJ
fbem-9143	95	32	development	development	NOUN
fbem-9143	95	33	level	level	NOUN
fbem-9143	95	34	of	of	ADP
fbem-9143	95	35	digital	digital	ADJ
fbem-9143	95	36	finance	finance	NOUN
fbem-9143	95	37	fi	fi	NOUN
fbem-9143	95	38	0.288	0.288	NUM
fbem-9143	95	39	5.493	5.493	NUM
fbem-9143	95	40	6.068	6.068	NUM
fbem-9143	95	41	4.746	4.746	NUM
fbem-9143	95	42	coverage	coverage	NOUN
fbem-9143	95	43	breadth	breadth	NOUN
fbem-9143	95	44	f	f	NOUN
fbem-9143	95	45	-	-	PUNCT
fbem-9143	95	46	breadth	breadth	NOUN
fbem-9143	95	47	0.347	0.347	NUM
fbem-9143	95	48	5.389	5.389	NUM
fbem-9143	95	49	5.984	5.984	NUM
fbem-9143	95	50	4.305	4.305	NUM
fbem-9143	95	51	depth	depth	NOUN
fbem-9143	95	52	of	of	ADP
fbem-9143	95	53	use	use	NOUN
fbem-9143	95	54	f	f	NOUN
fbem-9143	95	55	-	-	PUNCT
fbem-9143	95	56	depth	depth	NOUN
fbem-9143	95	57	0.342	0.342	NUM
fbem-9143	95	58	5.439	5.439	NUM
fbem-9143	95	59	6.192	6.192	NUM
fbem-9143	95	60	4.676	4.676	NUM
fbem-9143	95	61	degree	degree	NOUN
fbem-9143	95	62	of	of	ADP
fbem-9143	95	63	digitalization	digitalization	NOUN
fbem-9143	95	64	f	f	NOUN
fbem-9143	95	65	-	-	PUNCT
fbem-9143	95	66	payment	payment	NOUN
fbem-9143	95	67	0.405	0.405	NUM
fbem-9143	95	68	5.307	5.307	NUM
fbem-9143	95	69	5.939	5.939	NUM
fbem-9143	95	70	3.795	3.795	NUM
fbem-9143	95	71	control	control	NOUN
fbem-9143	95	72	variable	variable	ADJ
fbem-9143	95	73	regional	regional	ADJ
fbem-9143	95	74	urbanization	urbanization	NOUN
fbem-9143	95	75	level	level	NOUN
fbem-9143	95	76	urban	urban	ADJ
fbem-9143	95	77	0.125	0.125	NUM
fbem-9143	95	78	0.594	0.594	NUM
fbem-9143	95	79	0.896	0.896	NUM
fbem-9143	95	80	0.239	0.239	NUM
fbem-9143	95	81	government	government	NOUN
fbem-9143	95	82	intervention	intervention	NOUN
fbem-9143	95	83	gov	gov	PROPN
fbem-9143	95	84	0.209	0.209	NUM
fbem-9143	95	85	0.299	0.299	NUM
fbem-9143	95	86	1.354	1.354	NUM
fbem-9143	95	87	0.120	0.120	NUM
fbem-9143	95	88	proportion	proportion	NOUN
fbem-9143	95	89	of	of	ADP
fbem-9143	95	90	state	state	NOUN
fbem-9143	95	91	owned	own	VERB
fbem-9143	95	92	economy	economy	NOUN
fbem-9143	95	93	soe	soe	PROPN
fbem-9143	95	94	0.167	0.167	NUM
fbem-9143	95	95	0.470	0.470	NUM
fbem-9143	95	96	0.758	0.758	NUM
fbem-9143	95	97	0.147	0.147	NUM
fbem-9143	95	98	industrial	industrial	ADJ
fbem-9143	95	99	structure	structure	NOUN
fbem-9143	95	100	is	be	AUX
fbem-9143	95	101	0.076	0.076	NUM
fbem-9143	95	102	0.396	0.396	NUM
fbem-9143	95	103	0.558	0.558	NUM
fbem-9143	95	104	0.160	0.160	NUM
fbem-9143	95	105	foreign	foreign	ADJ
fbem-9143	95	106	direct	direct	ADJ
fbem-9143	95	107	investment	investment	NOUN
fbem-9143	95	108	fid	fid	VERB
fbem-9143	95	109	2.087	2.087	NUM
fbem-9143	95	110	0.554	0.554	NUM
fbem-9143	95	111	32.696	32.696	NUM
fbem-9143	95	112	0.047	0.047	NUM
fbem-9143	95	113	5	5	NUM
fbem-9143	95	114	.	.	PUNCT
fbem-9143	96	1	empirical	empirical	ADJ
fbem-9143	96	2	analysis	analysis	NOUN
fbem-9143	96	3	and	and	CCONJ
fbem-9143	96	4	test	test	VERB
fbem-9143	96	5	5.1	5.1	NUM
fbem-9143	96	6	.	.	PUNCT
fbem-9143	97	1	benchmark	benchmark	NOUN
fbem-9143	97	2	estimation	estimation	NOUN
fbem-9143	97	3	results	result	VERB
fbem-9143	97	4	in	in	ADP
fbem-9143	97	5	order	order	NOUN
fbem-9143	97	6	to	to	PART
fbem-9143	97	7	verify	verify	VERB
fbem-9143	97	8	the	the	DET
fbem-9143	97	9	above	above	ADJ
fbem-9143	97	10	theoretical	theoretical	ADJ
fbem-9143	97	11	analysis	analysis	NOUN
fbem-9143	97	12	and	and	CCONJ
fbem-9143	97	13	hypothesis	hypothesis	NOUN
fbem-9143	97	14	,	,	PUNCT
fbem-9143	97	15	this	this	DET
fbem-9143	97	16	paper	paper	NOUN
fbem-9143	97	17	regresses	regress	VERB
fbem-9143	97	18	model	model	NOUN
fbem-9143	97	19	(	(	PUNCT
fbem-9143	97	20	1	1	NUM
fbem-9143	97	21	)	)	PUNCT
fbem-9143	97	22	and	and	CCONJ
fbem-9143	97	23	model	model	NOUN
fbem-9143	97	24	(	(	PUNCT
fbem-9143	97	25	2	2	NUM
fbem-9143	97	26	)	)	PUNCT
fbem-9143	97	27	,	,	PUNCT
fbem-9143	97	28	and	and	CCONJ
fbem-9143	97	29	the	the	DET
fbem-9143	97	30	specific	specific	ADJ
fbem-9143	97	31	results	result	NOUN
fbem-9143	97	32	are	be	AUX
fbem-9143	97	33	shown	show	VERB
fbem-9143	97	34	in	in	ADP
fbem-9143	97	35	table	table	NOUN
fbem-9143	97	36	2	2	NUM
fbem-9143	97	37	.	.	PUNCT
fbem-9143	98	1	among	among	ADP
fbem-9143	98	2	them	they	PRON
fbem-9143	98	3	,	,	PUNCT
fbem-9143	98	4	(	(	PUNCT
fbem-9143	98	5	1	1	X
fbem-9143	98	6	)	)	PUNCT
fbem-9143	98	7	is	be	AUX
fbem-9143	98	8	classified	classify	VERB
fbem-9143	98	9	as	as	ADP
fbem-9143	98	10	mixed	mixed	ADJ
fbem-9143	98	11	model	model	NOUN
fbem-9143	98	12	regression	regression	NOUN
fbem-9143	98	13	,	,	PUNCT
fbem-9143	98	14	and	and	CCONJ
fbem-9143	98	15	the	the	DET
fbem-9143	98	16	result	result	NOUN
fbem-9143	98	17	shows	show	VERB
fbem-9143	98	18	that	that	SCONJ
fbem-9143	98	19	the	the	DET
fbem-9143	98	20	index	index	NOUN
fbem-9143	98	21	coefficient	coefficient	NOUN
fbem-9143	98	22	of	of	ADP
fbem-9143	98	23	digital	digital	ADJ
fbem-9143	98	24	finance	finance	NOUN
fbem-9143	98	25	development	development	NOUN
fbem-9143	98	26	level	level	NOUN
fbem-9143	98	27	is	be	AUX
fbem-9143	98	28	0.235	0.235	NUM
fbem-9143	98	29	,	,	PUNCT
fbem-9143	98	30	which	which	PRON
fbem-9143	98	31	is	be	AUX
fbem-9143	98	32	significantly	significantly	ADV
fbem-9143	98	33	positive	positive	ADJ
fbem-9143	98	34	.	.	PUNCT
fbem-9143	99	1	it	it	PRON
fbem-9143	99	2	shows	show	VERB
fbem-9143	99	3	that	that	SCONJ
fbem-9143	99	4	the	the	DET
fbem-9143	99	5	development	development	NOUN
fbem-9143	99	6	of	of	ADP
fbem-9143	99	7	digital	digital	ADJ
fbem-9143	99	8	finance	finance	NOUN
fbem-9143	99	9	is	be	AUX
fbem-9143	99	10	conducive	conducive	ADJ
fbem-9143	99	11	to	to	ADP
fbem-9143	99	12	improving	improve	VERB
fbem-9143	99	13	the	the	DET
fbem-9143	99	14	efficiency	efficiency	NOUN
fbem-9143	99	15	of	of	ADP
fbem-9143	99	16	financial	financial	ADJ
fbem-9143	99	17	support	support	NOUN
fbem-9143	99	18	for	for	ADP
fbem-9143	99	19	the	the	DET
fbem-9143	99	20	real	real	ADJ
fbem-9143	99	21	economy	economy	NOUN
fbem-9143	99	22	;	;	PUNCT
fbem-9143	99	23	(	(	PUNCT
fbem-9143	99	24	2	2	X
fbem-9143	99	25	)	)	PUNCT
fbem-9143	99	26	the	the	DET
fbem-9143	99	27	regression	regression	NOUN
fbem-9143	99	28	results	result	NOUN
fbem-9143	99	29	of	of	ADP
fbem-9143	99	30	column	column	NOUN
fbem-9143	99	31	two	two	NUM
fbem-9143	99	32	-	-	PUNCT
fbem-9143	99	33	way	way	NOUN
fbem-9143	99	34	fixed	fix	VERB
fbem-9143	99	35	effect	effect	NOUN
fbem-9143	99	36	model	model	NOUN
fbem-9143	99	37	showed	show	VERB
fbem-9143	99	38	that	that	SCONJ
fbem-9143	99	39	the	the	DET
fbem-9143	99	40	coefficient	coefficient	NOUN
fbem-9143	99	41	of	of	ADP
fbem-9143	99	42	explanatory	explanatory	ADJ
fbem-9143	99	43	variable	variable	NOUN
fbem-9143	99	44	was	be	AUX
fbem-9143	99	45	also	also	ADV
fbem-9143	99	46	significant	significant	ADJ
fbem-9143	99	47	,	,	PUNCT
fbem-9143	99	48	and	and	CCONJ
fbem-9143	99	49	the	the	DET
fbem-9143	99	50	coefficient	coefficient	NOUN
fbem-9143	99	51	was	be	AUX
fbem-9143	99	52	0.357	0.357	NUM
fbem-9143	99	53	,	,	PUNCT
fbem-9143	99	54	which	which	PRON
fbem-9143	99	55	was	be	AUX
fbem-9143	99	56	consistent	consistent	ADJ
fbem-9143	99	57	with	with	ADP
fbem-9143	99	58	the	the	DET
fbem-9143	99	59	regression	regression	NOUN
fbem-9143	99	60	results	result	NOUN
fbem-9143	99	61	of	of	ADP
fbem-9143	99	62	mixed	mixed	ADJ
fbem-9143	99	63	model	model	NOUN
fbem-9143	99	64	.	.	PUNCT
fbem-9143	100	1	this	this	PRON
fbem-9143	100	2	shows	show	VERB
fbem-9143	100	3	that	that	SCONJ
fbem-9143	100	4	digital	digital	ADJ
fbem-9143	100	5	finance	finance	NOUN
fbem-9143	100	6	plays	play	VERB
fbem-9143	100	7	an	an	DET
fbem-9143	100	8	important	important	ADJ
fbem-9143	100	9	role	role	NOUN
fbem-9143	100	10	in	in	ADP
fbem-9143	100	11	improving	improve	VERB
fbem-9143	100	12	the	the	DET
fbem-9143	100	13	efficiency	efficiency	NOUN
fbem-9143	100	14	of	of	ADP
fbem-9143	100	15	financial	financial	ADJ
fbem-9143	100	16	support	support	NOUN
fbem-9143	100	17	for	for	ADP
fbem-9143	100	18	the	the	DET
fbem-9143	100	19	real	real	ADJ
fbem-9143	100	20	144	144	NUM
fbem-9143	100	21	economy	economy	NOUN
fbem-9143	100	22	.	.	PUNCT
fbem-9143	101	1	the	the	DET
fbem-9143	101	2	reason	reason	NOUN
fbem-9143	101	3	is	be	AUX
fbem-9143	101	4	that	that	SCONJ
fbem-9143	101	5	the	the	DET
fbem-9143	101	6	development	development	NOUN
fbem-9143	101	7	of	of	ADP
fbem-9143	101	8	digital	digital	ADJ
fbem-9143	101	9	finance	finance	NOUN
fbem-9143	101	10	can	can	AUX
fbem-9143	101	11	broaden	broaden	VERB
fbem-9143	101	12	the	the	DET
fbem-9143	101	13	scope	scope	NOUN
fbem-9143	101	14	of	of	ADP
fbem-9143	101	15	financial	financial	ADJ
fbem-9143	101	16	services	service	NOUN
fbem-9143	101	17	,	,	PUNCT
fbem-9143	101	18	accelerate	accelerate	VERB
fbem-9143	101	19	the	the	DET
fbem-9143	101	20	flow	flow	NOUN
fbem-9143	101	21	of	of	ADP
fbem-9143	101	22	funds	fund	NOUN
fbem-9143	101	23	,	,	PUNCT
fbem-9143	101	24	reduce	reduce	VERB
fbem-9143	101	25	transaction	transaction	NOUN
fbem-9143	101	26	costs	cost	NOUN
fbem-9143	101	27	,	,	PUNCT
fbem-9143	101	28	reduce	reduce	VERB
fbem-9143	101	29	financial	financial	ADJ
fbem-9143	101	30	risks	risk	NOUN
fbem-9143	101	31	,	,	PUNCT
fbem-9143	101	32	and	and	CCONJ
fbem-9143	101	33	then	then	ADV
fbem-9143	101	34	promote	promote	VERB
fbem-9143	101	35	finance	finance	NOUN
fbem-9143	101	36	to	to	PART
fbem-9143	101	37	promote	promote	VERB
fbem-9143	101	38	the	the	DET
fbem-9143	101	39	growth	growth	NOUN
fbem-9143	101	40	of	of	ADP
fbem-9143	101	41	the	the	DET
fbem-9143	101	42	real	real	ADJ
fbem-9143	101	43	economy	economy	NOUN
fbem-9143	101	44	more	more	ADV
fbem-9143	101	45	targeted	targeted	ADJ
fbem-9143	101	46	.	.	PUNCT
fbem-9143	102	1	although	although	SCONJ
fbem-9143	102	2	the	the	DET
fbem-9143	102	3	factors	factor	NOUN
fbem-9143	102	4	that	that	PRON
fbem-9143	102	5	may	may	AUX
fbem-9143	102	6	affect	affect	VERB
fbem-9143	102	7	both	both	DET
fbem-9143	102	8	digital	digital	ADJ
fbem-9143	102	9	finance	finance	NOUN
fbem-9143	102	10	and	and	CCONJ
fbem-9143	102	11	the	the	DET
fbem-9143	102	12	efficiency	efficiency	NOUN
fbem-9143	102	13	of	of	ADP
fbem-9143	102	14	financial	financial	ADJ
fbem-9143	102	15	support	support	NOUN
fbem-9143	102	16	for	for	ADP
fbem-9143	102	17	the	the	DET
fbem-9143	102	18	real	real	ADJ
fbem-9143	102	19	economy	economy	NOUN
fbem-9143	102	20	have	have	AUX
fbem-9143	102	21	been	be	AUX
fbem-9143	102	22	controlled	control	VERB
fbem-9143	102	23	as	as	ADV
fbem-9143	102	24	much	much	ADV
fbem-9143	102	25	as	as	ADP
fbem-9143	102	26	possible	possible	ADJ
fbem-9143	102	27	,	,	PUNCT
fbem-9143	102	28	there	there	PRON
fbem-9143	102	29	may	may	AUX
fbem-9143	102	30	still	still	ADV
fbem-9143	102	31	be	be	AUX
fbem-9143	102	32	some	some	DET
fbem-9143	102	33	factors	factor	NOUN
fbem-9143	102	34	that	that	PRON
fbem-9143	102	35	can	can	AUX
fbem-9143	102	36	not	not	PART
fbem-9143	102	37	be	be	AUX
fbem-9143	102	38	captured	capture	VERB
fbem-9143	102	39	that	that	PRON
fbem-9143	102	40	affect	affect	VERB
fbem-9143	102	41	the	the	DET
fbem-9143	102	42	model	model	NOUN
fbem-9143	102	43	estimation	estimation	NOUN
fbem-9143	102	44	.	.	PUNCT
fbem-9143	103	1	in	in	ADP
fbem-9143	103	2	addition	addition	NOUN
fbem-9143	103	3	,	,	PUNCT
fbem-9143	103	4	higher	high	ADJ
fbem-9143	103	5	efficiency	efficiency	NOUN
fbem-9143	103	6	of	of	ADP
fbem-9143	103	7	financial	financial	ADJ
fbem-9143	103	8	support	support	NOUN
fbem-9143	103	9	for	for	ADP
fbem-9143	103	10	the	the	DET
fbem-9143	103	11	real	real	ADJ
fbem-9143	103	12	economy	economy	NOUN
fbem-9143	103	13	may	may	AUX
fbem-9143	103	14	also	also	ADV
fbem-9143	103	15	react	react	VERB
fbem-9143	103	16	on	on	ADP
fbem-9143	103	17	digital	digital	ADJ
fbem-9143	103	18	finance	finance	NOUN
fbem-9143	103	19	,	,	PUNCT
fbem-9143	103	20	resulting	result	VERB
fbem-9143	103	21	in	in	ADP
fbem-9143	103	22	inaccurate	inaccurate	ADJ
fbem-9143	103	23	and	and	CCONJ
fbem-9143	103	24	rigorous	rigorous	ADJ
fbem-9143	103	25	regression	regression	NOUN
fbem-9143	103	26	results	result	NOUN
fbem-9143	103	27	.	.	PUNCT
fbem-9143	104	1	in	in	ADP
fbem-9143	104	2	order	order	NOUN
fbem-9143	104	3	to	to	PART
fbem-9143	104	4	avoid	avoid	VERB
fbem-9143	104	5	the	the	DET
fbem-9143	104	6	endogenous	endogenous	ADJ
fbem-9143	104	7	problems	problem	NOUN
fbem-9143	104	8	that	that	PRON
fbem-9143	104	9	may	may	AUX
fbem-9143	104	10	be	be	AUX
fbem-9143	104	11	caused	cause	VERB
fbem-9143	104	12	by	by	ADP
fbem-9143	104	13	the	the	DET
fbem-9143	104	14	above	above	ADJ
fbem-9143	104	15	factors	factor	NOUN
fbem-9143	104	16	,	,	PUNCT
fbem-9143	104	17	this	this	DET
fbem-9143	104	18	paper	paper	NOUN
fbem-9143	104	19	continues	continue	VERB
fbem-9143	104	20	to	to	PART
fbem-9143	104	21	build	build	VERB
fbem-9143	104	22	a	a	DET
fbem-9143	104	23	dynamic	dynamic	ADJ
fbem-9143	104	24	system	system	NOUN
fbem-9143	104	25	gmm	gmm	NOUN
fbem-9143	104	26	model	model	NOUN
fbem-9143	104	27	for	for	ADP
fbem-9143	104	28	regression	regression	NOUN
fbem-9143	104	29	,	,	PUNCT
fbem-9143	104	30	(	(	PUNCT
fbem-9143	104	31	3	3	X
fbem-9143	104	32	)	)	PUNCT
fbem-9143	104	33	column	column	NOUN
fbem-9143	104	34	shows	show	VERB
fbem-9143	104	35	that	that	SCONJ
fbem-9143	104	36	there	there	PRON
fbem-9143	104	37	is	be	VERB
fbem-9143	104	38	a	a	DET
fbem-9143	104	39	significant	significant	ADJ
fbem-9143	104	40	positive	positive	ADJ
fbem-9143	104	41	correlation	correlation	NOUN
fbem-9143	104	42	between	between	ADP
fbem-9143	104	43	digital	digital	ADJ
fbem-9143	104	44	finance	finance	NOUN
fbem-9143	104	45	and	and	CCONJ
fbem-9143	104	46	the	the	DET
fbem-9143	104	47	efficiency	efficiency	NOUN
fbem-9143	104	48	of	of	ADP
fbem-9143	104	49	financial	financial	ADJ
fbem-9143	104	50	support	support	NOUN
fbem-9143	104	51	to	to	ADP
fbem-9143	104	52	the	the	DET
fbem-9143	104	53	real	real	ADJ
fbem-9143	104	54	economy	economy	NOUN
fbem-9143	104	55	,	,	PUNCT
fbem-9143	104	56	with	with	ADP
fbem-9143	104	57	a	a	DET
fbem-9143	104	58	coefficient	coefficient	NOUN
fbem-9143	104	59	of	of	ADP
fbem-9143	104	60	0.63	0.63	NUM
fbem-9143	104	61	.	.	PUNCT
fbem-9143	105	1	the	the	DET
fbem-9143	105	2	ar	ar	PROPN
fbem-9143	105	3	(	(	PUNCT
fbem-9143	105	4	2	2	NUM
fbem-9143	105	5	)	)	PUNCT
fbem-9143	105	6	coefficient	coefficient	NOUN
fbem-9143	105	7	is	be	AUX
fbem-9143	105	8	greater	great	ADJ
fbem-9143	105	9	than	than	ADP
fbem-9143	105	10	0.1	0.1	NUM
fbem-9143	105	11	,	,	PUNCT
fbem-9143	105	12	which	which	PRON
fbem-9143	105	13	can	can	AUX
fbem-9143	105	14	not	not	PART
fbem-9143	105	15	reject	reject	VERB
fbem-9143	105	16	the	the	DET
fbem-9143	105	17	original	original	ADJ
fbem-9143	105	18	hypothesis	hypothesis	NOUN
fbem-9143	105	19	,	,	PUNCT
fbem-9143	105	20	indicating	indicate	VERB
fbem-9143	105	21	that	that	SCONJ
fbem-9143	105	22	𝜀	𝜀	PROPN
fbem-9143	105	23	is	be	AUX
fbem-9143	105	24	no	no	DET
fbem-9143	105	25	autocorrelation	autocorrelation	NOUN
fbem-9143	105	26	;	;	PUNCT
fbem-9143	105	27	sargan	sargan	VERB
fbem-9143	105	28	coefficient	coefficient	NOUN
fbem-9143	105	29	is	be	AUX
fbem-9143	105	30	greater	great	ADJ
fbem-9143	105	31	than	than	ADP
fbem-9143	105	32	0.1	0.1	NUM
fbem-9143	105	33	,	,	PUNCT
fbem-9143	105	34	indicating	indicate	VERB
fbem-9143	105	35	that	that	SCONJ
fbem-9143	105	36	all	all	DET
fbem-9143	105	37	instrumental	instrumental	ADJ
fbem-9143	105	38	variables	variable	NOUN
fbem-9143	105	39	are	be	AUX
fbem-9143	105	40	exogenous	exogenous	ADJ
fbem-9143	105	41	instrumental	instrumental	ADJ
fbem-9143	105	42	variables	variable	NOUN
fbem-9143	105	43	.	.	PUNCT
fbem-9143	106	1	it	it	PRON
fbem-9143	106	2	is	be	AUX
fbem-9143	106	3	proved	prove	VERB
fbem-9143	106	4	that	that	SCONJ
fbem-9143	106	5	the	the	DET
fbem-9143	106	6	gmm	gmm	PROPN
fbem-9143	106	7	regression	regression	VERB
fbem-9143	106	8	results	result	NOUN
fbem-9143	106	9	of	of	ADP
fbem-9143	106	10	the	the	DET
fbem-9143	106	11	system	system	NOUN
fbem-9143	106	12	are	be	AUX
fbem-9143	106	13	robust	robust	ADJ
fbem-9143	106	14	.	.	PUNCT
fbem-9143	107	1	to	to	PART
fbem-9143	107	2	sum	sum	VERB
fbem-9143	107	3	up	up	ADP
fbem-9143	107	4	,	,	PUNCT
fbem-9143	107	5	hypothesis	hypothesis	NOUN
fbem-9143	107	6	1	1	NUM
fbem-9143	107	7	is	be	AUX
fbem-9143	107	8	verified	verify	VERB
fbem-9143	107	9	.	.	PUNCT
fbem-9143	108	1	table	table	NOUN
fbem-9143	108	2	2	2	NUM
fbem-9143	108	3	.	.	PUNCT
fbem-9143	108	4	benchmark	benchmark	NOUN
fbem-9143	108	5	regression	regression	NOUN
fbem-9143	108	6	results	result	VERB
fbem-9143	108	7	variables	variable	VERB
fbem-9143	108	8	ols	ols	PROPN
fbem-9143	108	9	tfpch	tfpch	PROPN
fbem-9143	108	10	fe	fe	PROPN
fbem-9143	108	11	tfpch	tfpch	PROPN
fbem-9143	108	12	sys	sys	PROPN
fbem-9143	108	13	-	-	PUNCT
fbem-9143	108	14	gmm	gmm	PROPN
fbem-9143	108	15	tfpch	tfpch	ADJ
fbem-9143	108	16	l.tfpch	l.tfpch	ADJ
fbem-9143	108	17	-0.095	-0.095	NOUN
fbem-9143	108	18	*	*	PUNCT
fbem-9143	108	19	*	*	PUNCT
fbem-9143	108	20	*	*	PUNCT
fbem-9143	108	21	(	(	PUNCT
fbem-9143	108	22	-9.92	-9.92	ADJ
fbem-9143	108	23	)	)	PUNCT
fbem-9143	108	24	fi	fi	NOUN
fbem-9143	108	25	0.235	0.235	NUM
fbem-9143	108	26	*	*	PUNCT
fbem-9143	108	27	*	*	PUNCT
fbem-9143	108	28	*	*	PUNCT
fbem-9143	108	29	(	(	PUNCT
fbem-9143	108	30	4.41	4.41	NUM
fbem-9143	108	31	)	)	PUNCT
fbem-9143	108	32	0.357	0.357	NUM
fbem-9143	108	33	*	*	PUNCT
fbem-9143	108	34	*	*	PUNCT
fbem-9143	108	35	*	*	PUNCT
fbem-9143	108	36	(	(	PUNCT
fbem-9143	108	37	7.01	7.01	NUM
fbem-9143	108	38	)	)	PUNCT
fbem-9143	108	39	0.638	0.638	NUM
fbem-9143	108	40	*	*	PUNCT
fbem-9143	108	41	*	*	PUNCT
fbem-9143	108	42	*	*	PUNCT
fbem-9143	108	43	(	(	PUNCT
fbem-9143	108	44	11.44	11.44	NUM
fbem-9143	108	45	)	)	PUNCT
fbem-9143	108	46	soe	soe	PROPN
fbem-9143	108	47	0.199	0.199	NUM
fbem-9143	108	48	*	*	NOUN
fbem-9143	108	49	*	*	PUNCT
fbem-9143	108	50	(	(	PUNCT
fbem-9143	108	51	2.26	2.26	NUM
fbem-9143	108	52	)	)	PUNCT
fbem-9143	108	53	0.229	0.229	NUM
fbem-9143	108	54	(	(	PUNCT
fbem-9143	108	55	0.45	0.45	NUM
fbem-9143	108	56	)	)	PUNCT
fbem-9143	108	57	1.103	1.103	NUM
fbem-9143	108	58	*	*	PUNCT
fbem-9143	108	59	*	*	PUNCT
fbem-9143	108	60	*	*	PUNCT
fbem-9143	108	61	(	(	PUNCT
fbem-9143	108	62	11.02	11.02	NUM
fbem-9143	108	63	)	)	PUNCT
fbem-9143	108	64	is	be	AUX
fbem-9143	108	65	0.424	0.424	NUM
fbem-9143	108	66	*	*	PUNCT
fbem-9143	108	67	(	(	PUNCT
fbem-9143	108	68	2.19	2.19	NUM
fbem-9143	108	69	)	)	PUNCT
fbem-9143	108	70	1.589	1.589	NUM
fbem-9143	108	71	*	*	PUNCT
fbem-9143	108	72	*	*	PUNCT
fbem-9143	108	73	(	(	PUNCT
fbem-9143	108	74	2.43	2.43	NUM
fbem-9143	108	75	)	)	PUNCT
fbem-9143	108	76	5.591	5.591	NUM
fbem-9143	108	77	*	*	PUNCT
fbem-9143	108	78	*	*	PUNCT
fbem-9143	108	79	*	*	PUNCT
fbem-9143	108	80	(	(	PUNCT
fbem-9143	108	81	16.98	16.98	NUM
fbem-9143	108	82	)	)	PUNCT
fbem-9143	108	83	urban	urban	ADJ
fbem-9143	108	84	0.099	0.099	NUM
fbem-9143	108	85	(	(	PUNCT
fbem-9143	108	86	0.71	0.71	NUM
fbem-9143	108	87	)	)	PUNCT
fbem-9143	108	88	0.238	0.238	NUM
fbem-9143	108	89	(	(	PUNCT
fbem-9143	108	90	0.41	0.41	NUM
fbem-9143	108	91	)	)	PUNCT
fbem-9143	108	92	0.863	0.863	NUM
fbem-9143	108	93	*	*	PUNCT
fbem-9143	108	94	*	*	PUNCT
fbem-9143	108	95	(	(	PUNCT
fbem-9143	108	96	2.10	2.10	NUM
fbem-9143	108	97	)	)	PUNCT
fbem-9143	108	98	fdi	fdi	NOUN
fbem-9143	108	99	0.010	0.010	NUM
fbem-9143	108	100	*	*	PUNCT
fbem-9143	108	101	*	*	PUNCT
fbem-9143	108	102	*	*	PUNCT
fbem-9143	108	103	(	(	PUNCT
fbem-9143	108	104	7.67	7.67	NUM
fbem-9143	108	105	)	)	PUNCT
fbem-9143	108	106	0.007	0.007	NUM
fbem-9143	108	107	*	*	PUNCT
fbem-9143	108	108	*	*	PUNCT
fbem-9143	108	109	*	*	PUNCT
fbem-9143	108	110	(	(	PUNCT
fbem-9143	108	111	3.01	3.01	NUM
fbem-9143	108	112	)	)	PUNCT
fbem-9143	108	113	0.015	0.015	NUM
fbem-9143	108	114	*	*	PUNCT
fbem-9143	108	115	*	*	PUNCT
fbem-9143	108	116	*	*	PUNCT
fbem-9143	108	117	(	(	PUNCT
fbem-9143	108	118	44.33	44.33	NUM
fbem-9143	108	119	)	)	PUNCT
fbem-9143	108	120	gov	gov	NOUN
fbem-9143	108	121	0.154	0.154	NUM
fbem-9143	108	122	(	(	PUNCT
fbem-9143	108	123	1.23	1.23	NUM
fbem-9143	108	124	)	)	PUNCT
fbem-9143	108	125	-0.490	-0.490	PUNCT
fbem-9143	108	126	(	(	PUNCT
fbem-9143	108	127	-0.62	-0.62	NOUN
fbem-9143	108	128	)	)	PUNCT
fbem-9143	108	129	1.398	1.398	NUM
fbem-9143	108	130	*	*	PUNCT
fbem-9143	108	131	*	*	PUNCT
fbem-9143	108	132	*	*	PUNCT
fbem-9143	108	133	(	(	PUNCT
fbem-9143	108	134	8.38	8.38	NUM
fbem-9143	108	135	)	)	PUNCT
fbem-9143	108	136	constant	constant	ADJ
fbem-9143	108	137	-0.642	-0.642	NUM
fbem-9143	108	138	(	(	PUNCT
fbem-9143	108	139	-1.47	-1.47	NUM
fbem-9143	108	140	)	)	PUNCT
fbem-9143	108	141	-1.673	-1.673	PUNCT
fbem-9143	108	142	*	*	PUNCT
fbem-9143	108	143	*	*	PUNCT
fbem-9143	108	144	*	*	PUNCT
fbem-9143	108	145	(	(	PUNCT
fbem-9143	108	146	-7.32	-7.32	NUM
fbem-9143	108	147	)	)	PUNCT
fbem-9143	108	148	-6.044	-6.044	PUNCT
fbem-9143	109	1	*	*	PUNCT
fbem-9143	109	2	*	*	PUNCT
fbem-9143	109	3	*	*	PUNCT
fbem-9143	109	4	(	(	PUNCT
fbem-9143	109	5	-19.33	-19.33	ADJ
fbem-9143	109	6	)	)	PUNCT
fbem-9143	109	7	provincial	provincial	ADJ
fbem-9143	109	8	fixed	fix	VERB
fbem-9143	109	9	effect	effect	NOUN
fbem-9143	109	10	consider	consider	VERB
fbem-9143	109	11	fixed	fix	VERB
fbem-9143	109	12	year	year	NOUN
fbem-9143	109	13	effect	effect	NOUN
fbem-9143	109	14	consider	consider	VERB
fbem-9143	109	15	consider	consider	VERB
fbem-9143	109	16	ar	ar	NOUN
fbem-9143	109	17	(	(	PUNCT
fbem-9143	109	18	2	2	NUM
fbem-9143	109	19	)	)	PUNCT
fbem-9143	109	20	0.3686	0.3686	NUM
fbem-9143	109	21	sargan	sargan	VERB
fbem-9143	109	22	0.2496	0.2496	NUM
fbem-9143	109	23	observations	observation	NOUN
fbem-9143	109	24	248	248	NUM
fbem-9143	109	25	248	248	NUM
fbem-9143	109	26	217	217	NUM
fbem-9143	109	27	note	note	NOUN
fbem-9143	109	28	:	:	PUNCT
fbem-9143	109	29	*	*	PUNCT
fbem-9143	110	1	*	*	PUNCT
fbem-9143	110	2	*	*	PUNCT
fbem-9143	110	3	,	,	PUNCT
fbem-9143	110	4	*	*	PUNCT
fbem-9143	110	5	*	*	PUNCT
fbem-9143	110	6	,	,	PUNCT
fbem-9143	110	7	*	*	PUNCT
fbem-9143	110	8	are	be	AUX
fbem-9143	110	9	significant	significant	ADJ
fbem-9143	110	10	at	at	ADP
fbem-9143	110	11	the	the	DET
fbem-9143	110	12	level	level	NOUN
fbem-9143	110	13	of	of	ADP
fbem-9143	110	14	1	1	NUM
fbem-9143	110	15	%	%	NOUN
fbem-9143	110	16	,	,	PUNCT
fbem-9143	110	17	5	5	NUM
fbem-9143	110	18	%	%	NOUN
fbem-9143	110	19	and	and	CCONJ
fbem-9143	110	20	10	10	NUM
fbem-9143	110	21	%	%	NOUN
fbem-9143	110	22	,	,	PUNCT
fbem-9143	110	23	respectively	respectively	ADV
fbem-9143	110	24	.	.	PUNCT
fbem-9143	111	1	5.2	5.2	NUM
fbem-9143	111	2	.	.	PUNCT
fbem-9143	112	1	robustness	robustness	NOUN
fbem-9143	112	2	test	test	NOUN
fbem-9143	112	3	in	in	ADP
fbem-9143	112	4	this	this	DET
fbem-9143	112	5	paper	paper	NOUN
fbem-9143	112	6	,	,	PUNCT
fbem-9143	112	7	the	the	DET
fbem-9143	112	8	robustness	robustness	NOUN
fbem-9143	112	9	test	test	NOUN
fbem-9143	112	10	is	be	AUX
fbem-9143	112	11	further	far	ADV
fbem-9143	112	12	carried	carry	VERB
fbem-9143	112	13	out	out	ADP
fbem-9143	112	14	,	,	PUNCT
fbem-9143	112	15	and	and	CCONJ
fbem-9143	112	16	the	the	DET
fbem-9143	112	17	specific	specific	ADJ
fbem-9143	112	18	analysis	analysis	NOUN
fbem-9143	112	19	is	be	AUX
fbem-9143	112	20	as	as	SCONJ
fbem-9143	112	21	follows	follow	VERB
fbem-9143	112	22	.	.	PUNCT
fbem-9143	113	1	(	(	PUNCT
fbem-9143	113	2	1	1	X
fbem-9143	113	3	)	)	PUNCT
fbem-9143	113	4	replacement	replacement	NOUN
fbem-9143	113	5	differential	differential	PROPN
fbem-9143	113	6	gmm	gmm	PROPN
fbem-9143	113	7	model	model	NOUN
fbem-9143	113	8	verification	verification	NOUN
fbem-9143	113	9	replace	replace	NOUN
fbem-9143	113	10	in	in	ADP
fbem-9143	113	11	the	the	DET
fbem-9143	113	12	robustness	robustness	NOUN
fbem-9143	113	13	test	test	NOUN
fbem-9143	113	14	the	the	DET
fbem-9143	113	15	dynamic	dynamic	ADJ
fbem-9143	113	16	panel	panel	NOUN
fbem-9143	113	17	differential	differential	PROPN
fbem-9143	113	18	gmm	gmm	PROPN
fbem-9143	113	19	model	model	NOUN
fbem-9143	113	20	is	be	AUX
fbem-9143	113	21	used	use	VERB
fbem-9143	113	22	for	for	ADP
fbem-9143	113	23	empirical	empirical	ADJ
fbem-9143	113	24	regression	regression	NOUN
fbem-9143	113	25	to	to	PART
fbem-9143	113	26	further	far	ADV
fbem-9143	113	27	confirm	confirm	VERB
fbem-9143	113	28	the	the	DET
fbem-9143	113	29	impact	impact	NOUN
fbem-9143	113	30	relationship	relationship	NOUN
fbem-9143	113	31	between	between	ADP
fbem-9143	113	32	the	the	DET
fbem-9143	113	33	two	two	NUM
fbem-9143	113	34	.	.	PUNCT
fbem-9143	114	1	the	the	DET
fbem-9143	114	2	results	result	NOUN
fbem-9143	114	3	show	show	VERB
fbem-9143	114	4	that	that	SCONJ
fbem-9143	114	5	in	in	ADP
fbem-9143	114	6	table	table	NOUN
fbem-9143	114	7	3	3	NUM
fbem-9143	114	8	,	,	PUNCT
fbem-9143	114	9	the	the	DET
fbem-9143	114	10	development	development	NOUN
fbem-9143	114	11	level	level	NOUN
fbem-9143	114	12	of	of	ADP
fbem-9143	114	13	digital	digital	ADJ
fbem-9143	114	14	finance	finance	NOUN
fbem-9143	114	15	is	be	AUX
fbem-9143	114	16	significantly	significantly	ADV
fbem-9143	114	17	positively	positively	ADV
fbem-9143	114	18	correlated	correlate	VERB
fbem-9143	114	19	with	with	ADP
fbem-9143	114	20	the	the	DET
fbem-9143	114	21	efficiency	efficiency	NOUN
fbem-9143	114	22	of	of	ADP
fbem-9143	114	23	financial	financial	ADJ
fbem-9143	114	24	support	support	NOUN
fbem-9143	114	25	to	to	ADP
fbem-9143	114	26	the	the	DET
fbem-9143	114	27	real	real	ADJ
fbem-9143	114	28	economy	economy	NOUN
fbem-9143	114	29	,	,	PUNCT
fbem-9143	114	30	with	with	ADP
fbem-9143	114	31	a	a	DET
fbem-9143	114	32	coefficient	coefficient	NOUN
fbem-9143	114	33	of	of	ADP
fbem-9143	114	34	0.184	0.184	NUM
fbem-9143	114	35	.	.	PUNCT
fbem-9143	115	1	the	the	DET
fbem-9143	115	2	results	result	NOUN
fbem-9143	115	3	are	be	AUX
fbem-9143	115	4	also	also	ADV
fbem-9143	115	5	tested	test	VERB
fbem-9143	115	6	by	by	ADP
fbem-9143	115	7	autocorrelation	autocorrelation	NOUN
fbem-9143	115	8	and	and	CCONJ
fbem-9143	115	9	over	over	ADP
fbem-9143	115	10	identification	identification	NOUN
fbem-9143	115	11	,	,	PUNCT
fbem-9143	115	12	proving	prove	VERB
fbem-9143	115	13	the	the	DET
fbem-9143	115	14	reliability	reliability	NOUN
fbem-9143	115	15	of	of	ADP
fbem-9143	115	16	the	the	DET
fbem-9143	115	17	benchmark	benchmark	NOUN
fbem-9143	115	18	regression	regression	NOUN
fbem-9143	115	19	results	result	NOUN
fbem-9143	115	20	.	.	PUNCT
fbem-9143	116	1	(	(	PUNCT
fbem-9143	116	2	2	2	X
fbem-9143	116	3	)	)	PUNCT
fbem-9143	116	4	consider	consider	VERB
fbem-9143	116	5	the	the	DET
fbem-9143	116	6	time	time	NOUN
fbem-9143	116	7	delay	delay	NOUN
fbem-9143	116	8	of	of	ADP
fbem-9143	116	9	independent	independent	ADJ
fbem-9143	116	10	variables	variable	NOUN
fbem-9143	116	11	considering	consider	VERB
fbem-9143	116	12	that	that	SCONJ
fbem-9143	116	13	the	the	DET
fbem-9143	116	14	impact	impact	NOUN
fbem-9143	116	15	of	of	ADP
fbem-9143	116	16	the	the	DET
fbem-9143	116	17	development	development	NOUN
fbem-9143	116	18	of	of	ADP
fbem-9143	116	19	digital	digital	ADJ
fbem-9143	116	20	finance	finance	NOUN
fbem-9143	116	21	on	on	ADP
fbem-9143	116	22	the	the	DET
fbem-9143	116	23	efficiency	efficiency	NOUN
fbem-9143	116	24	of	of	ADP
fbem-9143	116	25	financial	financial	ADJ
fbem-9143	116	26	support	support	NOUN
fbem-9143	116	27	to	to	ADP
fbem-9143	116	28	the	the	DET
fbem-9143	116	29	real	real	ADJ
fbem-9143	116	30	economy	economy	NOUN
fbem-9143	116	31	may	may	AUX
fbem-9143	116	32	have	have	VERB
fbem-9143	116	33	time	time	NOUN
fbem-9143	116	34	lag	lag	NOUN
fbem-9143	116	35	,	,	PUNCT
fbem-9143	116	36	in	in	ADP
fbem-9143	116	37	order	order	NOUN
fbem-9143	116	38	to	to	PART
fbem-9143	116	39	avoid	avoid	VERB
fbem-9143	116	40	the	the	DET
fbem-9143	116	41	bias	bias	NOUN
fbem-9143	116	42	of	of	ADP
fbem-9143	116	43	the	the	DET
fbem-9143	116	44	empirical	empirical	ADJ
fbem-9143	116	45	results	result	NOUN
fbem-9143	116	46	caused	cause	VERB
fbem-9143	116	47	by	by	ADP
fbem-9143	116	48	this	this	DET
fbem-9143	116	49	problem	problem	NOUN
fbem-9143	116	50	,	,	PUNCT
fbem-9143	116	51	this	this	DET
fbem-9143	116	52	paper	paper	NOUN
fbem-9143	116	53	chooses	choose	VERB
fbem-9143	116	54	to	to	PART
fbem-9143	116	55	carry	carry	VERB
fbem-9143	116	56	out	out	ADP
fbem-9143	116	57	the	the	DET
fbem-9143	116	58	first	first	ADJ
fbem-9143	116	59	-	-	PUNCT
fbem-9143	116	60	order	order	NOUN
fbem-9143	116	61	lag	lag	NOUN
fbem-9143	116	62	processing	processing	NOUN
fbem-9143	116	63	on	on	ADP
fbem-9143	116	64	the	the	DET
fbem-9143	116	65	independent	independent	ADJ
fbem-9143	116	66	variable	variable	NOUN
fbem-9143	116	67	of	of	ADP
fbem-9143	116	68	the	the	DET
fbem-9143	116	69	development	development	NOUN
fbem-9143	116	70	level	level	NOUN
fbem-9143	116	71	of	of	ADP
fbem-9143	116	72	digital	digital	ADJ
fbem-9143	116	73	finance	finance	NOUN
fbem-9143	116	74	and	and	CCONJ
fbem-9143	116	75	then	then	ADV
fbem-9143	116	76	carry	carry	VERB
fbem-9143	116	77	out	out	ADP
fbem-9143	116	78	the	the	DET
fbem-9143	116	79	regression	regression	NOUN
fbem-9143	116	80	again	again	ADV
fbem-9143	116	81	.	.	PUNCT
fbem-9143	117	1	the	the	DET
fbem-9143	117	2	results	result	NOUN
fbem-9143	117	3	are	be	AUX
fbem-9143	117	4	shown	show	VERB
fbem-9143	117	5	in	in	ADP
fbem-9143	117	6	table	table	NOUN
fbem-9143	117	7	3	3	NUM
fbem-9143	117	8	.	.	PUNCT
fbem-9143	118	1	the	the	DET
fbem-9143	118	2	coefficient	coefficient	NOUN
fbem-9143	118	3	of	of	ADP
fbem-9143	118	4	the	the	DET
fbem-9143	118	5	development	development	NOUN
fbem-9143	118	6	level	level	NOUN
fbem-9143	118	7	of	of	ADP
fbem-9143	118	8	digital	digital	ADJ
fbem-9143	118	9	finance	finance	NOUN
fbem-9143	118	10	is	be	AUX
fbem-9143	118	11	still	still	ADV
fbem-9143	118	12	significant	significant	ADJ
fbem-9143	118	13	,	,	PUNCT
fbem-9143	118	14	indicating	indicate	VERB
fbem-9143	118	15	that	that	SCONJ
fbem-9143	118	16	the	the	DET
fbem-9143	118	17	model	model	NOUN
fbem-9143	118	18	estimation	estimation	NOUN
fbem-9143	118	19	results	result	NOUN
fbem-9143	118	20	are	be	AUX
fbem-9143	118	21	valid	valid	ADJ
fbem-9143	118	22	.	.	PUNCT
fbem-9143	119	1	(	(	PUNCT
fbem-9143	119	2	3	3	X
fbem-9143	119	3	)	)	PUNCT
fbem-9143	119	4	eliminate	eliminate	VERB
fbem-9143	119	5	special	special	ADJ
fbem-9143	119	6	samples	sample	NOUN
fbem-9143	119	7	considering	consider	VERB
fbem-9143	119	8	that	that	SCONJ
fbem-9143	119	9	the	the	DET
fbem-9143	119	10	sample	sample	NOUN
fbem-9143	119	11	time	time	NOUN
fbem-9143	119	12	interval	interval	NOUN
fbem-9143	119	13	selected	select	VERB
fbem-9143	119	14	in	in	ADP
fbem-9143	119	15	this	this	DET
fbem-9143	119	16	paper	paper	NOUN
fbem-9143	119	17	includes	include	VERB
fbem-9143	119	18	the	the	DET
fbem-9143	119	19	20202020	20202020	NUM
fbem-9143	119	20	outbreak	outbreak	NOUN
fbem-9143	119	21	of	of	ADP
fbem-9143	119	22	the	the	DET
fbem-9143	119	23	new	new	ADJ
fbem-9143	119	24	crown	crown	NOUN
fbem-9143	119	25	epidemic	epidemic	NOUN
fbem-9143	119	26	affecting	affect	VERB
fbem-9143	119	27	the	the	DET
fbem-9143	119	28	world	world	NOUN
fbem-9143	119	29	,	,	PUNCT
fbem-9143	119	30	this	this	DET
fbem-9143	119	31	public	public	ADJ
fbem-9143	119	32	health	health	NOUN
fbem-9143	119	33	emergency	emergency	NOUN
fbem-9143	119	34	is	be	AUX
fbem-9143	119	35	a	a	DET
fbem-9143	119	36	strictly	strictly	ADV
fbem-9143	119	37	exogenous	exogenous	ADJ
fbem-9143	119	38	external	external	ADJ
fbem-9143	119	39	impact	impact	NOUN
fbem-9143	119	40	on	on	ADP
fbem-9143	119	41	the	the	DET
fbem-9143	119	42	macro	macro	NOUN
fbem-9143	119	43	-	-	NOUN
fbem-9143	119	44	economy	economy	NOUN
fbem-9143	119	45	.	.	PUNCT
fbem-9143	120	1	if	if	SCONJ
fbem-9143	120	2	this	this	DET
fbem-9143	120	3	factor	factor	NOUN
fbem-9143	120	4	is	be	AUX
fbem-9143	120	5	not	not	PART
fbem-9143	120	6	considered	consider	VERB
fbem-9143	120	7	,	,	PUNCT
fbem-9143	120	8	it	it	PRON
fbem-9143	120	9	may	may	AUX
fbem-9143	120	10	lead	lead	VERB
fbem-9143	120	11	to	to	ADP
fbem-9143	120	12	endogenous	endogenous	ADJ
fbem-9143	120	13	problems	problem	NOUN
fbem-9143	120	14	.	.	PUNCT
fbem-9143	121	1	after	after	ADP
fbem-9143	121	2	excluding	exclude	VERB
fbem-9143	121	3	the	the	DET
fbem-9143	121	4	special	special	ADJ
fbem-9143	121	5	samples	sample	NOUN
fbem-9143	121	6	in	in	ADP
fbem-9143	121	7	2020	2020	NUM
fbem-9143	121	8	,	,	PUNCT
fbem-9143	121	9	this	this	DET
fbem-9143	121	10	paper	paper	NOUN
fbem-9143	121	11	carries	carry	VERB
fbem-9143	121	12	out	out	ADP
fbem-9143	121	13	regression	regression	NOUN
fbem-9143	121	14	again	again	ADV
fbem-9143	121	15	.	.	PUNCT
fbem-9143	122	1	the	the	DET
fbem-9143	122	2	results	result	NOUN
fbem-9143	122	3	are	be	AUX
fbem-9143	122	4	shown	show	VERB
fbem-9143	122	5	in	in	ADP
fbem-9143	122	6	table	table	NOUN
fbem-9143	122	7	3	3	NUM
fbem-9143	122	8	.	.	PUNCT
fbem-9143	123	1	the	the	DET
fbem-9143	123	2	explanatory	explanatory	ADJ
fbem-9143	123	3	variable	variable	ADJ
fbem-9143	123	4	coefficient	coefficient	NOUN
fbem-9143	123	5	is	be	AUX
fbem-9143	123	6	still	still	ADV
fbem-9143	123	7	significant	significant	ADJ
fbem-9143	123	8	,	,	PUNCT
fbem-9143	123	9	which	which	PRON
fbem-9143	123	10	again	again	ADV
fbem-9143	123	11	shows	show	VERB
fbem-9143	123	12	that	that	SCONJ
fbem-9143	123	13	the	the	DET
fbem-9143	123	14	model	model	NOUN
fbem-9143	123	15	estimation	estimation	NOUN
fbem-9143	123	16	results	result	NOUN
fbem-9143	123	17	are	be	AUX
fbem-9143	123	18	valid	valid	ADJ
fbem-9143	123	19	.	.	PUNCT
fbem-9143	124	1	5.3	5.3	NUM
fbem-9143	124	2	.	.	PUNCT
fbem-9143	125	1	heterogeneity	heterogeneity	NOUN
fbem-9143	125	2	analysis	analysis	NOUN
fbem-9143	125	3	(	(	PUNCT
fbem-9143	125	4	1	1	X
fbem-9143	125	5	)	)	PUNCT
fbem-9143	125	6	structural	structural	ADJ
fbem-9143	125	7	heterogeneity	heterogeneity	NOUN
fbem-9143	125	8	this	this	DET
fbem-9143	125	9	paper	paper	NOUN
fbem-9143	125	10	further	far	ADV
fbem-9143	125	11	selects	select	VERB
fbem-9143	125	12	the	the	DET
fbem-9143	125	13	sub	sub	NOUN
fbem-9143	125	14	dimension	dimension	NOUN
fbem-9143	125	15	index	index	NOUN
fbem-9143	125	16	of	of	ADP
fbem-9143	125	17	the	the	DET
fbem-9143	125	18	digital	digital	ADJ
fbem-9143	125	19	inclusive	inclusive	ADJ
fbem-9143	125	20	financial	financial	ADJ
fbem-9143	125	21	index	index	NOUN
fbem-9143	125	22	for	for	ADP
fbem-9143	125	23	empirical	empirical	ADJ
fbem-9143	125	24	analysis	analysis	NOUN
fbem-9143	125	25	to	to	PART
fbem-9143	125	26	explore	explore	VERB
fbem-9143	125	27	its	its	PRON
fbem-9143	125	28	impact	impact	NOUN
fbem-9143	125	29	on	on	ADP
fbem-9143	125	30	financial	financial	ADJ
fbem-9143	125	31	support	support	NOUN
fbem-9143	125	32	for	for	ADP
fbem-9143	125	33	the	the	DET
fbem-9143	125	34	real	real	ADJ
fbem-9143	125	35	economy	economy	NOUN
fbem-9143	125	36	.	.	PUNCT
fbem-9143	126	1	as	as	SCONJ
fbem-9143	126	2	shown	show	VERB
fbem-9143	126	3	in	in	ADP
fbem-9143	126	4	table	table	NOUN
fbem-9143	126	5	4	4	NUM
fbem-9143	126	6	,	,	PUNCT
fbem-9143	126	7	first	first	ADV
fbem-9143	126	8	of	of	ADP
fbem-9143	126	9	all	all	PRON
fbem-9143	126	10	,	,	PUNCT
fbem-9143	126	11	the	the	DET
fbem-9143	126	12	ar	ar	PROPN
fbem-9143	126	13	(	(	PUNCT
fbem-9143	126	14	2	2	NUM
fbem-9143	126	15	)	)	PUNCT
fbem-9143	126	16	and	and	CCONJ
fbem-9143	126	17	sargan	sargan	VERB
fbem-9143	126	18	test	test	NOUN
fbem-9143	126	19	coefficients	coefficient	NOUN
fbem-9143	126	20	are	be	AUX
fbem-9143	126	21	greater	great	ADJ
fbem-9143	126	22	than	than	ADP
fbem-9143	126	23	0.1	0.1	NUM
fbem-9143	126	24	,	,	PUNCT
fbem-9143	126	25	which	which	PRON
fbem-9143	126	26	passes	pass	VERB
fbem-9143	126	27	the	the	DET
fbem-9143	126	28	test	test	NOUN
fbem-9143	126	29	;	;	PUNCT
fbem-9143	126	30	secondly	secondly	ADV
fbem-9143	126	31	,	,	PUNCT
fbem-9143	126	32	from	from	ADP
fbem-9143	126	33	the	the	DET
fbem-9143	126	34	perspective	perspective	NOUN
fbem-9143	126	35	of	of	ADP
fbem-9143	126	36	significance	significance	NOUN
fbem-9143	126	37	,	,	PUNCT
fbem-9143	126	38	the	the	DET
fbem-9143	126	39	regression	regression	NOUN
fbem-9143	126	40	coefficients	coefficient	NOUN
fbem-9143	126	41	of	of	ADP
fbem-9143	126	42	the	the	DET
fbem-9143	126	43	three	three	NUM
fbem-9143	126	44	dimensions	dimension	NOUN
fbem-9143	126	45	are	be	AUX
fbem-9143	126	46	significant	significant	ADJ
fbem-9143	126	47	at	at	ADP
fbem-9143	126	48	the	the	DET
fbem-9143	126	49	level	level	NOUN
fbem-9143	126	50	of	of	ADP
fbem-9143	126	51	1	1	NUM
fbem-9143	126	52	%	%	NOUN
fbem-9143	126	53	,	,	PUNCT
fbem-9143	126	54	indicating	indicate	VERB
fbem-9143	126	55	that	that	SCONJ
fbem-9143	126	56	the	the	DET
fbem-9143	126	57	three	three	NUM
fbem-9143	126	58	dimensions	dimension	NOUN
fbem-9143	126	59	of	of	ADP
fbem-9143	126	60	the	the	DET
fbem-9143	126	61	digital	digital	ADJ
fbem-9143	126	62	inclusive	inclusive	ADJ
fbem-9143	126	63	financial	financial	ADJ
fbem-9143	126	64	index	index	NOUN
fbem-9143	126	65	can	can	AUX
fbem-9143	126	66	significantly	significantly	ADV
fbem-9143	126	67	improve	improve	VERB
fbem-9143	126	68	the	the	DET
fbem-9143	126	69	efficiency	efficiency	NOUN
fbem-9143	126	70	of	of	ADP
fbem-9143	126	71	financial	financial	ADJ
fbem-9143	126	72	support	support	NOUN
fbem-9143	126	73	for	for	ADP
fbem-9143	126	74	the	the	DET
fbem-9143	126	75	real	real	ADJ
fbem-9143	126	76	economy	economy	NOUN
fbem-9143	126	77	.	.	PUNCT
fbem-9143	127	1	finally	finally	ADV
fbem-9143	127	2	,	,	PUNCT
fbem-9143	127	3	from	from	ADP
fbem-9143	127	4	the	the	DET
fbem-9143	127	5	perspective	perspective	NOUN
fbem-9143	127	6	of	of	ADP
fbem-9143	127	7	regression	regression	NOUN
fbem-9143	127	8	coefficient	coefficient	NOUN
fbem-9143	127	9	,	,	PUNCT
fbem-9143	127	10	the	the	DET
fbem-9143	127	11	coefficients	coefficient	NOUN
fbem-9143	127	12	of	of	ADP
fbem-9143	127	13	the	the	DET
fbem-9143	127	14	three	three	NUM
fbem-9143	127	15	dimensions	dimension	NOUN
fbem-9143	127	16	are	be	AUX
fbem-9143	127	17	0.848	0.848	NUM
fbem-9143	127	18	,	,	PUNCT
fbem-9143	127	19	0.387	0.387	NUM
fbem-9143	127	20	and	and	CCONJ
fbem-9143	127	21	0.174	0.174	NUM
fbem-9143	127	22	respectively	respectively	ADV
fbem-9143	127	23	,	,	PUNCT
fbem-9143	127	24	indicating	indicate	VERB
fbem-9143	127	25	that	that	SCONJ
fbem-9143	127	26	the	the	DET
fbem-9143	127	27	promotion	promotion	NOUN
fbem-9143	127	28	effect	effect	NOUN
fbem-9143	127	29	of	of	ADP
fbem-9143	127	30	financial	financial	ADJ
fbem-9143	127	31	145	145	NUM
fbem-9143	127	32	support	support	NOUN
fbem-9143	127	33	for	for	ADP
fbem-9143	127	34	the	the	DET
fbem-9143	127	35	efficiency	efficiency	NOUN
fbem-9143	127	36	of	of	ADP
fbem-9143	127	37	the	the	DET
fbem-9143	127	38	real	real	ADJ
fbem-9143	127	39	economy	economy	NOUN
fbem-9143	127	40	will	will	AUX
fbem-9143	127	41	be	be	AUX
fbem-9143	127	42	different	different	ADJ
fbem-9143	127	43	due	due	ADP
fbem-9143	127	44	to	to	ADP
fbem-9143	127	45	the	the	DET
fbem-9143	127	46	three	three	NUM
fbem-9143	127	47	sub	sub	NOUN
fbem-9143	127	48	indicators	indicator	NOUN
fbem-9143	127	49	of	of	ADP
fbem-9143	127	50	explanatory	explanatory	ADJ
fbem-9143	127	51	variables	variable	NOUN
fbem-9143	127	52	.	.	PUNCT
fbem-9143	128	1	compared	compare	VERB
fbem-9143	128	2	with	with	ADP
fbem-9143	128	3	the	the	DET
fbem-9143	128	4	degree	degree	NOUN
fbem-9143	128	5	of	of	ADP
fbem-9143	128	6	digitization	digitization	NOUN
fbem-9143	128	7	,	,	PUNCT
fbem-9143	128	8	the	the	DET
fbem-9143	128	9	coverage	coverage	NOUN
fbem-9143	128	10	and	and	CCONJ
fbem-9143	128	11	depth	depth	NOUN
fbem-9143	128	12	of	of	ADP
fbem-9143	128	13	use	use	NOUN
fbem-9143	128	14	have	have	VERB
fbem-9143	128	15	a	a	DET
fbem-9143	128	16	stronger	strong	ADJ
fbem-9143	128	17	effect	effect	NOUN
fbem-9143	128	18	on	on	ADP
fbem-9143	128	19	the	the	DET
fbem-9143	128	20	promotion	promotion	NOUN
fbem-9143	128	21	of	of	ADP
fbem-9143	128	22	the	the	DET
fbem-9143	128	23	efficiency	efficiency	NOUN
fbem-9143	128	24	of	of	ADP
fbem-9143	128	25	financial	financial	ADJ
fbem-9143	128	26	support	support	NOUN
fbem-9143	128	27	for	for	ADP
fbem-9143	128	28	the	the	DET
fbem-9143	128	29	real	real	ADJ
fbem-9143	128	30	economy	economy	NOUN
fbem-9143	128	31	.	.	PUNCT
fbem-9143	129	1	table	table	NOUN
fbem-9143	129	2	3	3	NUM
fbem-9143	129	3	.	.	PUNCT
fbem-9143	129	4	robustness	robustness	NOUN
fbem-9143	129	5	test	test	NOUN
fbem-9143	129	6	variables	variable	NOUN
fbem-9143	129	7	differential	differential	PROPN
fbem-9143	129	8	gmm	gmm	PROPN
fbem-9143	129	9	tfpch	tfpch	PROPN
fbem-9143	129	10	consider	consider	VERB
fbem-9143	129	11	time	time	NOUN
fbem-9143	129	12	delay	delay	NOUN
fbem-9143	129	13	tfpch	tfpch	PROPN
fbem-9143	129	14	eliminate	eliminate	VERB
fbem-9143	129	15	special	special	ADJ
fbem-9143	129	16	samples	sample	NOUN
fbem-9143	129	17	tfpch	tfpch	ADJ
fbem-9143	129	18	l.tfpch	l.tfpch	ADJ
fbem-9143	129	19	-0.276	-0.276	NOUN
fbem-9143	129	20	*	*	PUNCT
fbem-9143	129	21	*	*	PUNCT
fbem-9143	129	22	*	*	PUNCT
fbem-9143	129	23	(	(	PUNCT
fbem-9143	129	24	-12.59	-12.59	PROPN
fbem-9143	129	25	)	)	PUNCT
fbem-9143	129	26	fi	fi	NOUN
fbem-9143	129	27	0.184	0.184	NUM
fbem-9143	129	28	*	*	PUNCT
fbem-9143	129	29	*	*	PUNCT
fbem-9143	129	30	*	*	PUNCT
fbem-9143	129	31	(	(	PUNCT
fbem-9143	129	32	3.64	3.64	NUM
fbem-9143	129	33	)	)	PUNCT
fbem-9143	129	34	0.423	0.423	NUM
fbem-9143	129	35	*	*	PUNCT
fbem-9143	129	36	*	*	PUNCT
fbem-9143	129	37	*	*	PUNCT
fbem-9143	129	38	(	(	PUNCT
fbem-9143	129	39	5.14	5.14	NUM
fbem-9143	129	40	)	)	PUNCT
fbem-9143	129	41	1	1	NUM
fbem-9143	129	42	_	_	NUM
fbem-9143	129	43	fi	fi	NOUN
fbem-9143	130	1	0.245	0.245	NUM
fbem-9143	130	2	*	*	PUNCT
fbem-9143	130	3	*	*	PUNCT
fbem-9143	130	4	*	*	PUNCT
fbem-9143	130	5	(	(	PUNCT
fbem-9143	130	6	4.69	4.69	NUM
fbem-9143	130	7	)	)	PUNCT
fbem-9143	130	8	constant	constant	ADJ
fbem-9143	130	9	-10.580	-10.580	PROPN
fbem-9143	130	10	*	*	PUNCT
fbem-9143	130	11	*	*	PUNCT
fbem-9143	130	12	*	*	PUNCT
fbem-9143	130	13	(	(	PUNCT
fbem-9143	130	14	-9.31	-9.31	X
fbem-9143	130	15	)	)	PUNCT
fbem-9143	130	16	-5.721	-5.721	NOUN
fbem-9143	130	17	*	*	PUNCT
fbem-9143	130	18	*	*	PUNCT
fbem-9143	130	19	(	(	PUNCT
fbem-9143	130	20	-2.38	-2.38	NOUN
fbem-9143	130	21	)	)	PUNCT
fbem-9143	130	22	-2.470	-2.470	NOUN
fbem-9143	130	23	*	*	PUNCT
fbem-9143	130	24	(	(	PUNCT
fbem-9143	130	25	-1.78	-1.78	NOUN
fbem-9143	130	26	)	)	PUNCT
fbem-9143	130	27	control	control	NOUN
fbem-9143	130	28	variable	variable	ADJ
fbem-9143	130	29	control	control	PROPN
fbem-9143	130	30	control	control	PROPN
fbem-9143	130	31	control	control	PROPN
fbem-9143	130	32	provincial	provincial	ADJ
fbem-9143	130	33	fixed	fix	VERB
fbem-9143	130	34	effect	effect	NOUN
fbem-9143	130	35	consider	consider	VERB
fbem-9143	130	36	consider	consider	VERB
fbem-9143	130	37	fixed	fix	VERB
fbem-9143	130	38	year	year	NOUN
fbem-9143	130	39	effect	effect	NOUN
fbem-9143	130	40	consider	consider	VERB
fbem-9143	130	41	consider	consider	VERB
fbem-9143	130	42	consider	consider	VERB
fbem-9143	130	43	ar	ar	NOUN
fbem-9143	130	44	(	(	PUNCT
fbem-9143	130	45	2	2	NUM
fbem-9143	130	46	)	)	PUNCT
fbem-9143	130	47	0.258	0.258	NUM
fbem-9143	130	48	sargan	sargan	VERB
fbem-9143	130	49	0.171	0.171	NUM
fbem-9143	130	50	observations	observation	NOUN
fbem-9143	130	51	186	186	NUM
fbem-9143	130	52	217	217	NUM
fbem-9143	130	53	217	217	NUM
fbem-9143	130	54	the	the	DET
fbem-9143	130	55	reasons	reason	NOUN
fbem-9143	130	56	are	be	AUX
fbem-9143	130	57	as	as	SCONJ
fbem-9143	130	58	follows	follow	VERB
fbem-9143	130	59	:	:	PUNCT
fbem-9143	130	60	firstly	firstly	ADV
fbem-9143	130	61	,	,	PUNCT
fbem-9143	130	62	the	the	DET
fbem-9143	130	63	breadth	breadth	NOUN
fbem-9143	130	64	of	of	ADP
fbem-9143	130	65	coverage	coverage	NOUN
fbem-9143	130	66	horizontally	horizontally	ADV
fbem-9143	130	67	depicts	depict	VERB
fbem-9143	130	68	the	the	DET
fbem-9143	130	69	development	development	NOUN
fbem-9143	130	70	environment	environment	NOUN
fbem-9143	130	71	of	of	ADP
fbem-9143	130	72	digital	digital	ADJ
fbem-9143	130	73	finance	finance	NOUN
fbem-9143	130	74	in	in	ADP
fbem-9143	130	75	the	the	DET
fbem-9143	130	76	region	region	NOUN
fbem-9143	130	77	.	.	PUNCT
fbem-9143	131	1	its	its	PRON
fbem-9143	131	2	development	development	NOUN
fbem-9143	131	3	breaks	break	VERB
fbem-9143	131	4	the	the	DET
fbem-9143	131	5	restrictions	restriction	NOUN
fbem-9143	131	6	of	of	ADP
fbem-9143	131	7	traditional	traditional	ADJ
fbem-9143	131	8	financial	financial	ADJ
fbem-9143	131	9	institutions	institution	NOUN
fbem-9143	131	10	,	,	PUNCT
fbem-9143	131	11	connects	connect	VERB
fbem-9143	131	12	remote	remote	ADJ
fbem-9143	131	13	areas	area	NOUN
fbem-9143	131	14	and	and	CCONJ
fbem-9143	131	15	small	small	ADJ
fbem-9143	131	16	and	and	CCONJ
fbem-9143	131	17	medium	medium	ADJ
fbem-9143	131	18	-	-	PUNCT
fbem-9143	131	19	sized	sized	ADJ
fbem-9143	131	20	enterprises	enterprise	NOUN
fbem-9143	131	21	,	,	PUNCT
fbem-9143	131	22	reduces	reduce	VERB
fbem-9143	131	23	the	the	DET
fbem-9143	131	24	threshold	threshold	NOUN
fbem-9143	131	25	of	of	ADP
fbem-9143	131	26	financial	financial	ADJ
fbem-9143	131	27	participation	participation	NOUN
fbem-9143	131	28	,	,	PUNCT
fbem-9143	131	29	and	and	CCONJ
fbem-9143	131	30	enables	enable	VERB
fbem-9143	131	31	financial	financial	ADJ
fbem-9143	131	32	resources	resource	NOUN
fbem-9143	131	33	to	to	PART
fbem-9143	131	34	flow	flow	VERB
fbem-9143	131	35	into	into	ADP
fbem-9143	131	36	real	real	ADJ
fbem-9143	131	37	enterprises	enterprise	NOUN
fbem-9143	131	38	more	more	ADV
fbem-9143	131	39	timely	timely	ADV
fbem-9143	131	40	and	and	CCONJ
fbem-9143	131	41	efficiently	efficiently	ADV
fbem-9143	131	42	.	.	PUNCT
fbem-9143	132	1	secondly	secondly	ADV
fbem-9143	132	2	,	,	PUNCT
fbem-9143	132	3	with	with	ADP
fbem-9143	132	4	the	the	DET
fbem-9143	132	5	deepening	deepening	NOUN
fbem-9143	132	6	of	of	ADP
fbem-9143	132	7	the	the	DET
fbem-9143	132	8	use	use	NOUN
fbem-9143	132	9	of	of	ADP
fbem-9143	132	10	financial	financial	ADJ
fbem-9143	132	11	services	service	NOUN
fbem-9143	132	12	such	such	ADJ
fbem-9143	132	13	as	as	ADP
fbem-9143	132	14	digital	digital	ADJ
fbem-9143	132	15	payment	payment	NOUN
fbem-9143	132	16	and	and	CCONJ
fbem-9143	132	17	digital	digital	ADJ
fbem-9143	132	18	credit	credit	NOUN
fbem-9143	132	19	,	,	PUNCT
fbem-9143	132	20	it	it	PRON
fbem-9143	132	21	can	can	AUX
fbem-9143	132	22	effectively	effectively	ADV
fbem-9143	132	23	reduce	reduce	VERB
fbem-9143	132	24	the	the	DET
fbem-9143	132	25	transaction	transaction	NOUN
fbem-9143	132	26	costs	cost	NOUN
fbem-9143	132	27	,	,	PUNCT
fbem-9143	132	28	liquidity	liquidity	NOUN
fbem-9143	132	29	constraints	constraint	NOUN
fbem-9143	132	30	and	and	CCONJ
fbem-9143	132	31	transaction	transaction	NOUN
fbem-9143	132	32	risks	risk	NOUN
fbem-9143	132	33	of	of	ADP
fbem-9143	132	34	entity	entity	NOUN
fbem-9143	132	35	business	business	NOUN
fbem-9143	132	36	entities	entity	NOUN
fbem-9143	132	37	,	,	PUNCT
fbem-9143	132	38	promote	promote	VERB
fbem-9143	132	39	the	the	DET
fbem-9143	132	40	efficient	efficient	ADJ
fbem-9143	132	41	allocation	allocation	NOUN
fbem-9143	132	42	of	of	ADP
fbem-9143	132	43	funds	fund	NOUN
fbem-9143	132	44	,	,	PUNCT
fbem-9143	132	45	and	and	CCONJ
fbem-9143	132	46	fundamentally	fundamentally	ADV
fbem-9143	132	47	improve	improve	VERB
fbem-9143	132	48	the	the	DET
fbem-9143	132	49	efficiency	efficiency	NOUN
fbem-9143	132	50	of	of	ADP
fbem-9143	132	51	financial	financial	ADJ
fbem-9143	132	52	services	service	NOUN
fbem-9143	132	53	to	to	ADP
fbem-9143	132	54	the	the	DET
fbem-9143	132	55	real	real	ADJ
fbem-9143	132	56	economy	economy	NOUN
fbem-9143	132	57	.	.	PUNCT
fbem-9143	133	1	finally	finally	ADV
fbem-9143	133	2	,	,	PUNCT
fbem-9143	133	3	although	although	SCONJ
fbem-9143	133	4	the	the	DET
fbem-9143	133	5	degree	degree	NOUN
fbem-9143	133	6	of	of	ADP
fbem-9143	133	7	digitalization	digitalization	NOUN
fbem-9143	133	8	has	have	AUX
fbem-9143	133	9	played	play	VERB
fbem-9143	133	10	an	an	DET
fbem-9143	133	11	important	important	ADJ
fbem-9143	133	12	role	role	NOUN
fbem-9143	133	13	in	in	ADP
fbem-9143	133	14	reducing	reduce	VERB
fbem-9143	133	15	the	the	DET
fbem-9143	133	16	transaction	transaction	NOUN
fbem-9143	133	17	costs	cost	NOUN
fbem-9143	133	18	between	between	ADP
fbem-9143	133	19	economic	economic	ADJ
fbem-9143	133	20	entities	entity	NOUN
fbem-9143	133	21	.	.	PUNCT
fbem-9143	134	1	however	however	ADV
fbem-9143	134	2	,	,	PUNCT
fbem-9143	134	3	the	the	DET
fbem-9143	134	4	current	current	ADJ
fbem-9143	134	5	development	development	NOUN
fbem-9143	134	6	of	of	ADP
fbem-9143	134	7	digitalization	digitalization	NOUN
fbem-9143	134	8	is	be	AUX
fbem-9143	134	9	still	still	ADV
fbem-9143	134	10	in	in	ADP
fbem-9143	134	11	an	an	DET
fbem-9143	134	12	imperfect	imperfect	ADJ
fbem-9143	134	13	period	period	NOUN
fbem-9143	134	14	.	.	PUNCT
fbem-9143	135	1	on	on	ADP
fbem-9143	135	2	the	the	DET
fbem-9143	135	3	one	one	NUM
fbem-9143	135	4	hand	hand	NOUN
fbem-9143	135	5	,	,	PUNCT
fbem-9143	135	6	with	with	ADP
fbem-9143	135	7	the	the	DET
fbem-9143	135	8	development	development	NOUN
fbem-9143	135	9	of	of	ADP
fbem-9143	135	10	digitalization	digitalization	NOUN
fbem-9143	135	11	,	,	PUNCT
fbem-9143	135	12	there	there	PRON
fbem-9143	135	13	will	will	AUX
fbem-9143	135	14	be	be	AUX
fbem-9143	135	15	some	some	DET
fbem-9143	135	16	new	new	ADJ
fbem-9143	135	17	risks	risk	NOUN
fbem-9143	135	18	,	,	PUNCT
fbem-9143	135	19	and	and	CCONJ
fbem-9143	135	20	enterprises	enterprise	NOUN
fbem-9143	135	21	still	still	ADV
fbem-9143	135	22	lack	lack	VERB
fbem-9143	135	23	the	the	DET
fbem-9143	135	24	ability	ability	NOUN
fbem-9143	135	25	to	to	PART
fbem-9143	135	26	evade	evade	VERB
fbem-9143	135	27	and	and	CCONJ
fbem-9143	135	28	supervise	supervise	VERB
fbem-9143	135	29	them	they	PRON
fbem-9143	135	30	,	,	PUNCT
fbem-9143	135	31	thus	thus	ADV
fbem-9143	135	32	facing	face	VERB
fbem-9143	135	33	the	the	DET
fbem-9143	135	34	possibility	possibility	NOUN
fbem-9143	135	35	of	of	ADP
fbem-9143	135	36	loss	loss	NOUN
fbem-9143	135	37	;	;	PUNCT
fbem-9143	135	38	on	on	ADP
fbem-9143	135	39	the	the	DET
fbem-9143	135	40	other	other	ADJ
fbem-9143	135	41	hand	hand	NOUN
fbem-9143	135	42	,	,	PUNCT
fbem-9143	135	43	information	information	NOUN
fbem-9143	135	44	asymmetry	asymmetry	NOUN
fbem-9143	135	45	makes	make	VERB
fbem-9143	135	46	it	it	PRON
fbem-9143	135	47	difficult	difficult	ADJ
fbem-9143	135	48	for	for	SCONJ
fbem-9143	135	49	financial	financial	ADJ
fbem-9143	135	50	institutions	institution	NOUN
fbem-9143	135	51	to	to	PART
fbem-9143	135	52	obtain	obtain	VERB
fbem-9143	135	53	all	all	DET
fbem-9143	135	54	the	the	DET
fbem-9143	135	55	credit	credit	NOUN
fbem-9143	135	56	information	information	NOUN
fbem-9143	135	57	of	of	ADP
fbem-9143	135	58	enterprises	enterprise	NOUN
fbem-9143	135	59	in	in	ADP
fbem-9143	135	60	underdeveloped	underdeveloped	ADJ
fbem-9143	135	61	regions	region	NOUN
fbem-9143	135	62	,	,	PUNCT
fbem-9143	135	63	so	so	SCONJ
fbem-9143	135	64	they	they	PRON
fbem-9143	135	65	can	can	AUX
fbem-9143	135	66	not	not	PART
fbem-9143	135	67	efficiently	efficiently	ADV
fbem-9143	135	68	provide	provide	VERB
fbem-9143	135	69	service	service	NOUN
fbem-9143	135	70	support	support	NOUN
fbem-9143	135	71	for	for	ADP
fbem-9143	135	72	the	the	DET
fbem-9143	135	73	real	real	ADJ
fbem-9143	135	74	economy	economy	NOUN
fbem-9143	135	75	.	.	PUNCT
fbem-9143	136	1	table	table	NOUN
fbem-9143	136	2	4	4	NUM
fbem-9143	136	3	.	.	PUNCT
fbem-9143	137	1	regression	regression	NOUN
fbem-9143	137	2	results	result	NOUN
fbem-9143	137	3	of	of	ADP
fbem-9143	137	4	structural	structural	ADJ
fbem-9143	137	5	heterogeneity	heterogeneity	NOUN
fbem-9143	137	6	variables	variable	VERB
fbem-9143	137	7	coverage	coverage	NOUN
fbem-9143	137	8	breadth	breadth	NOUN
fbem-9143	137	9	tfpch	tfpch	ADJ
fbem-9143	137	10	depth	depth	NOUN
fbem-9143	137	11	of	of	ADP
fbem-9143	137	12	use	use	NOUN
fbem-9143	137	13	tfpch	tfpch	ADJ
fbem-9143	137	14	degree	degree	NOUN
fbem-9143	137	15	of	of	ADP
fbem-9143	137	16	digitalization	digitalization	NOUN
fbem-9143	137	17	tfpch	tfpch	PROPN
fbem-9143	137	18	l.	l.	PROPN
fbem-9143	137	19	tfpch	tfpch	PROPN
fbem-9143	137	20	-0.106	-0.106	PROPN
fbem-9143	137	21	*	*	PUNCT
fbem-9143	137	22	*	*	PUNCT
fbem-9143	137	23	*	*	PUNCT
fbem-9143	137	24	(	(	PUNCT
fbem-9143	137	25	-9.77	-9.77	NUM
fbem-9143	137	26	)	)	PUNCT
fbem-9143	137	27	-0.034	-0.034	NOUN
fbem-9143	137	28	*	*	PUNCT
fbem-9143	137	29	*	*	PUNCT
fbem-9143	137	30	*	*	PUNCT
fbem-9143	137	31	(	(	PUNCT
fbem-9143	137	32	-3.78	-3.78	NOUN
fbem-9143	137	33	)	)	PUNCT
fbem-9143	137	34	-0.021	-0.021	NOUN
fbem-9143	138	1	*	*	PUNCT
fbem-9143	138	2	*	*	PUNCT
fbem-9143	138	3	*	*	PUNCT
fbem-9143	138	4	(	(	PUNCT
fbem-9143	138	5	-2.78	-2.78	NOUN
fbem-9143	138	6	)	)	PUNCT
fbem-9143	138	7	f	f	NOUN
fbem-9143	138	8	-	-	PUNCT
fbem-9143	138	9	breadth	breadth	NOUN
fbem-9143	138	10	0.848	0.848	NUM
fbem-9143	138	11	*	*	PUNCT
fbem-9143	138	12	*	*	PUNCT
fbem-9143	138	13	*	*	PUNCT
fbem-9143	138	14	(	(	PUNCT
fbem-9143	138	15	13.65	13.65	NUM
fbem-9143	138	16	)	)	PUNCT
fbem-9143	138	17	f	f	X
fbem-9143	138	18	-	-	PUNCT
fbem-9143	138	19	depth	depth	NOUN
fbem-9143	138	20	0.387	0.387	NOUN
fbem-9143	138	21	*	*	PUNCT
fbem-9143	138	22	*	*	PUNCT
fbem-9143	138	23	*	*	PUNCT
fbem-9143	138	24	(	(	PUNCT
fbem-9143	138	25	13.89	13.89	NUM
fbem-9143	138	26	)	)	PUNCT
fbem-9143	138	27	f	f	NOUN
fbem-9143	138	28	-	-	PUNCT
fbem-9143	138	29	payment	payment	NOUN
fbem-9143	138	30	0.174	0.174	NUM
fbem-9143	138	31	*	*	PUNCT
fbem-9143	138	32	*	*	PUNCT
fbem-9143	138	33	*	*	PUNCT
fbem-9143	138	34	(	(	PUNCT
fbem-9143	138	35	4.78	4.78	NUM
fbem-9143	138	36	)	)	PUNCT
fbem-9143	138	37	soe	soe	PROPN
fbem-9143	138	38	1.087	1.087	NUM
fbem-9143	138	39	*	*	NOUN
fbem-9143	138	40	*	*	PUNCT
fbem-9143	138	41	*	*	PUNCT
fbem-9143	138	42	(	(	PUNCT
fbem-9143	138	43	11.27	11.27	NUM
fbem-9143	138	44	)	)	PUNCT
fbem-9143	138	45	0.651	0.651	NUM
fbem-9143	138	46	*	*	PUNCT
fbem-9143	138	47	*	*	PUNCT
fbem-9143	138	48	*	*	PUNCT
fbem-9143	138	49	(	(	PUNCT
fbem-9143	138	50	7.08	7.08	NUM
fbem-9143	138	51	)	)	PUNCT
fbem-9143	138	52	0.676	0.676	NUM
fbem-9143	138	53	*	*	PUNCT
fbem-9143	138	54	*	*	PUNCT
fbem-9143	138	55	*	*	PUNCT
fbem-9143	138	56	(	(	PUNCT
fbem-9143	138	57	11.60	11.60	NUM
fbem-9143	138	58	)	)	PUNCT
fbem-9143	138	59	is	be	AUX
fbem-9143	138	60	5.629	5.629	NUM
fbem-9143	138	61	*	*	PUNCT
fbem-9143	138	62	*	*	PUNCT
fbem-9143	138	63	*	*	PUNCT
fbem-9143	138	64	(	(	PUNCT
fbem-9143	138	65	9.30	9.30	NUM
fbem-9143	138	66	)	)	PUNCT
fbem-9143	138	67	4.503	4.503	NUM
fbem-9143	138	68	*	*	PUNCT
fbem-9143	138	69	*	*	PUNCT
fbem-9143	138	70	*	*	PUNCT
fbem-9143	138	71	(	(	PUNCT
fbem-9143	138	72	13.06	13.06	NUM
fbem-9143	138	73	)	)	PUNCT
fbem-9143	138	74	4.058	4.058	NUM
fbem-9143	138	75	*	*	PUNCT
fbem-9143	138	76	*	*	PUNCT
fbem-9143	138	77	*	*	PUNCT
fbem-9143	138	78	(	(	PUNCT
fbem-9143	138	79	15.47	15.47	NUM
fbem-9143	138	80	)	)	PUNCT
fbem-9143	138	81	urban	urban	ADJ
fbem-9143	138	82	-1.213	-1.213	PUNCT
fbem-9143	138	83	*	*	PUNCT
fbem-9143	138	84	*	*	PUNCT
fbem-9143	138	85	(	(	PUNCT
fbem-9143	138	86	-2.04	-2.04	NUM
fbem-9143	138	87	)	)	PUNCT
fbem-9143	138	88	0.773	0.773	NUM
fbem-9143	139	1	*	*	PUNCT
fbem-9143	139	2	*	*	PUNCT
fbem-9143	139	3	(	(	PUNCT
fbem-9143	139	4	2.25	2.25	NUM
fbem-9143	139	5	)	)	PUNCT
fbem-9143	139	6	2.678	2.678	NUM
fbem-9143	139	7	*	*	PUNCT
fbem-9143	139	8	*	*	PUNCT
fbem-9143	139	9	*	*	PUNCT
fbem-9143	139	10	(	(	PUNCT
fbem-9143	139	11	9.29	9.29	NUM
fbem-9143	139	12	)	)	PUNCT
fbem-9143	139	13	fdi	fdi	NOUN
fbem-9143	139	14	0.015	0.015	NUM
fbem-9143	139	15	*	*	PUNCT
fbem-9143	139	16	*	*	PUNCT
fbem-9143	139	17	*	*	PUNCT
fbem-9143	139	18	(	(	PUNCT
fbem-9143	139	19	34.35	34.35	NUM
fbem-9143	139	20	)	)	PUNCT
fbem-9143	139	21	0.020	0.020	NUM
fbem-9143	139	22	*	*	PUNCT
fbem-9143	139	23	*	*	PUNCT
fbem-9143	139	24	*	*	PUNCT
fbem-9143	139	25	(	(	PUNCT
fbem-9143	139	26	66.68	66.68	NUM
fbem-9143	139	27	)	)	PUNCT
fbem-9143	139	28	0.018	0.018	NUM
fbem-9143	139	29	*	*	PUNCT
fbem-9143	139	30	*	*	PUNCT
fbem-9143	139	31	*	*	PUNCT
fbem-9143	139	32	(	(	PUNCT
fbem-9143	139	33	41.79	41.79	NUM
fbem-9143	139	34	)	)	PUNCT
fbem-9143	139	35	gov	gov	NOUN
fbem-9143	139	36	1.255	1.255	NUM
fbem-9143	139	37	*	*	PUNCT
fbem-9143	139	38	*	*	PUNCT
fbem-9143	139	39	*	*	PUNCT
fbem-9143	139	40	(	(	PUNCT
fbem-9143	139	41	7.33	7.33	NUM
fbem-9143	139	42	)	)	PUNCT
fbem-9143	139	43	1.327	1.327	NUM
fbem-9143	139	44	*	*	PUNCT
fbem-9143	139	45	*	*	PUNCT
fbem-9143	139	46	*	*	PUNCT
fbem-9143	139	47	(	(	PUNCT
fbem-9143	139	48	6.91	6.91	NUM
fbem-9143	139	49	)	)	PUNCT
fbem-9143	139	50	1.364	1.364	NUM
fbem-9143	139	51	*	*	PUNCT
fbem-9143	139	52	*	*	PUNCT
fbem-9143	139	53	*	*	PUNCT
fbem-9143	139	54	(	(	PUNCT
fbem-9143	139	55	12.17	12.17	NUM
fbem-9143	139	56	)	)	PUNCT
fbem-9143	139	57	constant	constant	ADJ
fbem-9143	139	58	-5.863	-5.863	NOUN
fbem-9143	139	59	*	*	PUNCT
fbem-9143	139	60	*	*	PUNCT
fbem-9143	139	61	*	*	PUNCT
fbem-9143	139	62	(	(	PUNCT
fbem-9143	139	63	-11.04	-11.04	NOUN
fbem-9143	139	64	)	)	PUNCT
fbem-9143	139	65	-3.986	-3.986	PUNCT
fbem-9143	139	66	*	*	PUNCT
fbem-9143	139	67	*	*	PUNCT
fbem-9143	139	68	*	*	PUNCT
fbem-9143	139	69	(	(	PUNCT
fbem-9143	139	70	-13.54	-13.54	PROPN
fbem-9143	139	71	)	)	PUNCT
fbem-9143	139	72	-3.801	-3.801	PUNCT
fbem-9143	139	73	*	*	PUNCT
fbem-9143	139	74	*	*	PUNCT
fbem-9143	139	75	*	*	PUNCT
fbem-9143	139	76	(	(	PUNCT
fbem-9143	139	77	-12.94	-12.94	NOUN
fbem-9143	139	78	)	)	PUNCT
fbem-9143	139	79	fixed	fix	VERB
fbem-9143	139	80	year	year	NOUN
fbem-9143	139	81	effect	effect	NOUN
fbem-9143	139	82	consider	consider	AUX
fbem-9143	139	83	consider	consider	VERB
fbem-9143	139	84	consider	consider	VERB
fbem-9143	139	85	ar	ar	NOUN
fbem-9143	139	86	(	(	PUNCT
fbem-9143	139	87	2	2	NUM
fbem-9143	139	88	)	)	PUNCT
fbem-9143	139	89	0.3692	0.3692	NUM
fbem-9143	139	90	0.3798	0.3798	NUM
fbem-9143	139	91	0.2847	0.2847	NUM
fbem-9143	139	92	sargan	sargan	VERB
fbem-9143	139	93	0.3548	0.3548	NUM
fbem-9143	139	94	0.2617	0.2617	NUM
fbem-9143	139	95	0.2816	0.2816	NUM
fbem-9143	139	96	observations	observation	NOUN
fbem-9143	139	97	217	217	NUM
fbem-9143	139	98	217	217	NUM
fbem-9143	139	99	217	217	NUM
fbem-9143	139	100	146	146	NUM
fbem-9143	139	101	(	(	PUNCT
fbem-9143	139	102	2	2	NUM
fbem-9143	139	103	)	)	PUNCT
fbem-9143	139	104	regional	regional	ADJ
fbem-9143	139	105	heterogeneity	heterogeneity	NOUN
fbem-9143	139	106	in	in	ADP
fbem-9143	139	107	order	order	NOUN
fbem-9143	139	108	to	to	PART
fbem-9143	139	109	explore	explore	VERB
fbem-9143	139	110	whether	whether	SCONJ
fbem-9143	139	111	the	the	DET
fbem-9143	139	112	promotion	promotion	NOUN
fbem-9143	139	113	effect	effect	NOUN
fbem-9143	139	114	of	of	ADP
fbem-9143	139	115	digital	digital	ADJ
fbem-9143	139	116	finance	finance	NOUN
fbem-9143	139	117	development	development	NOUN
fbem-9143	139	118	on	on	ADP
fbem-9143	139	119	the	the	DET
fbem-9143	139	120	efficiency	efficiency	NOUN
fbem-9143	139	121	of	of	ADP
fbem-9143	139	122	financial	financial	ADJ
fbem-9143	139	123	support	support	NOUN
fbem-9143	139	124	to	to	ADP
fbem-9143	139	125	the	the	DET
fbem-9143	139	126	real	real	ADJ
fbem-9143	139	127	economy	economy	NOUN
fbem-9143	139	128	will	will	AUX
fbem-9143	139	129	vary	vary	VERB
fbem-9143	139	130	with	with	ADP
fbem-9143	139	131	different	different	ADJ
fbem-9143	139	132	regions	region	NOUN
fbem-9143	139	133	,	,	PUNCT
fbem-9143	139	134	this	this	DET
fbem-9143	139	135	paper	paper	NOUN
fbem-9143	139	136	divides	divide	VERB
fbem-9143	139	137	the	the	DET
fbem-9143	139	138	panel	panel	NOUN
fbem-9143	139	139	data	datum	NOUN
fbem-9143	139	140	into	into	ADP
fbem-9143	139	141	three	three	NUM
fbem-9143	139	142	parts	part	NOUN
fbem-9143	139	143	:	:	PUNCT
fbem-9143	139	144	east	east	ADJ
fbem-9143	139	145	,	,	PUNCT
fbem-9143	139	146	middle	middle	NOUN
fbem-9143	139	147	and	and	CCONJ
fbem-9143	139	148	west	west	NOUN
fbem-9143	139	149	,	,	PUNCT
fbem-9143	139	150	and	and	CCONJ
fbem-9143	139	151	empirically	empirically	ADV
fbem-9143	139	152	analyzes	analyze	VERB
fbem-9143	139	153	whether	whether	SCONJ
fbem-9143	139	154	the	the	DET
fbem-9143	139	155	impact	impact	NOUN
fbem-9143	139	156	of	of	ADP
fbem-9143	139	157	digital	digital	ADJ
fbem-9143	139	158	finance	finance	NOUN
fbem-9143	139	159	on	on	ADP
fbem-9143	139	160	the	the	DET
fbem-9143	139	161	efficiency	efficiency	NOUN
fbem-9143	139	162	of	of	ADP
fbem-9143	139	163	financial	financial	ADJ
fbem-9143	139	164	support	support	NOUN
fbem-9143	139	165	to	to	ADP
fbem-9143	139	166	the	the	DET
fbem-9143	139	167	real	real	ADJ
fbem-9143	139	168	economy	economy	NOUN
fbem-9143	139	169	will	will	AUX
fbem-9143	139	170	differ	differ	VERB
fbem-9143	139	171	in	in	ADP
fbem-9143	139	172	these	these	DET
fbem-9143	139	173	three	three	NUM
fbem-9143	139	174	regions	region	NOUN
fbem-9143	139	175	.	.	PUNCT
fbem-9143	140	1	the	the	DET
fbem-9143	140	2	results	result	NOUN
fbem-9143	140	3	are	be	AUX
fbem-9143	140	4	shown	show	VERB
fbem-9143	140	5	in	in	ADP
fbem-9143	140	6	table	table	NOUN
fbem-9143	140	7	5	5	NUM
fbem-9143	140	8	.	.	PUNCT
fbem-9143	141	1	in	in	ADP
fbem-9143	141	2	terms	term	NOUN
fbem-9143	141	3	of	of	ADP
fbem-9143	141	4	significance	significance	NOUN
fbem-9143	141	5	,	,	PUNCT
fbem-9143	141	6	the	the	DET
fbem-9143	141	7	variables	variable	NOUN
fbem-9143	141	8	of	of	ADP
fbem-9143	141	9	the	the	DET
fbem-9143	141	10	development	development	NOUN
fbem-9143	141	11	level	level	NOUN
fbem-9143	141	12	of	of	ADP
fbem-9143	141	13	digital	digital	ADJ
fbem-9143	141	14	finance	finance	NOUN
fbem-9143	141	15	in	in	ADP
fbem-9143	141	16	the	the	DET
fbem-9143	141	17	eastern	eastern	ADJ
fbem-9143	141	18	region	region	NOUN
fbem-9143	141	19	are	be	AUX
fbem-9143	141	20	the	the	DET
fbem-9143	141	21	most	most	ADV
fbem-9143	141	22	significant	significant	ADJ
fbem-9143	141	23	,	,	PUNCT
fbem-9143	141	24	the	the	DET
fbem-9143	141	25	central	central	ADJ
fbem-9143	141	26	region	region	NOUN
fbem-9143	141	27	is	be	AUX
fbem-9143	141	28	stronger	strong	ADJ
fbem-9143	141	29	,	,	PUNCT
fbem-9143	141	30	and	and	CCONJ
fbem-9143	141	31	the	the	DET
fbem-9143	141	32	western	western	ADJ
fbem-9143	141	33	region	region	NOUN
fbem-9143	141	34	coefficient	coefficient	NOUN
fbem-9143	141	35	is	be	AUX
fbem-9143	141	36	not	not	PART
fbem-9143	141	37	significant	significant	ADJ
fbem-9143	141	38	;	;	PUNCT
fbem-9143	141	39	in	in	ADP
fbem-9143	141	40	terms	term	NOUN
fbem-9143	141	41	of	of	ADP
fbem-9143	141	42	coefficient	coefficient	NOUN
fbem-9143	141	43	,	,	PUNCT
fbem-9143	141	44	the	the	DET
fbem-9143	141	45	coefficient	coefficient	NOUN
fbem-9143	141	46	of	of	ADP
fbem-9143	141	47	the	the	DET
fbem-9143	141	48	development	development	NOUN
fbem-9143	141	49	level	level	NOUN
fbem-9143	141	50	of	of	ADP
fbem-9143	141	51	digital	digital	ADJ
fbem-9143	141	52	finance	finance	NOUN
fbem-9143	141	53	in	in	ADP
fbem-9143	141	54	the	the	DET
fbem-9143	141	55	eastern	eastern	ADJ
fbem-9143	141	56	and	and	CCONJ
fbem-9143	141	57	central	central	ADJ
fbem-9143	141	58	regions	region	NOUN
fbem-9143	141	59	is	be	AUX
fbem-9143	141	60	0.254	0.254	NUM
fbem-9143	141	61	and	and	CCONJ
fbem-9143	141	62	0.396	0.396	NUM
fbem-9143	141	63	respectively	respectively	ADV
fbem-9143	141	64	,	,	PUNCT
fbem-9143	141	65	which	which	PRON
fbem-9143	141	66	is	be	AUX
fbem-9143	141	67	larger	large	ADJ
fbem-9143	141	68	than	than	ADP
fbem-9143	141	69	the	the	DET
fbem-9143	141	70	regression	regression	NOUN
fbem-9143	141	71	coefficient	coefficient	NOUN
fbem-9143	141	72	in	in	ADP
fbem-9143	141	73	the	the	DET
fbem-9143	141	74	western	western	ADJ
fbem-9143	141	75	region	region	NOUN
fbem-9143	141	76	;	;	PUNCT
fbem-9143	141	77	to	to	PART
fbem-9143	141	78	sum	sum	VERB
fbem-9143	141	79	up	up	ADP
fbem-9143	141	80	,	,	PUNCT
fbem-9143	141	81	the	the	DET
fbem-9143	141	82	role	role	NOUN
fbem-9143	141	83	of	of	ADP
fbem-9143	141	84	digital	digital	ADJ
fbem-9143	141	85	finance	finance	NOUN
fbem-9143	141	86	in	in	ADP
fbem-9143	141	87	supporting	support	VERB
fbem-9143	141	88	the	the	DET
fbem-9143	141	89	real	real	ADJ
fbem-9143	141	90	economy	economy	NOUN
fbem-9143	141	91	in	in	ADP
fbem-9143	141	92	the	the	DET
fbem-9143	141	93	central	central	ADJ
fbem-9143	141	94	and	and	CCONJ
fbem-9143	141	95	eastern	eastern	ADJ
fbem-9143	141	96	regions	region	NOUN
fbem-9143	141	97	is	be	AUX
fbem-9143	141	98	stronger	strong	ADJ
fbem-9143	141	99	than	than	ADP
fbem-9143	141	100	that	that	PRON
fbem-9143	141	101	in	in	ADP
fbem-9143	141	102	the	the	DET
fbem-9143	141	103	western	western	ADJ
fbem-9143	141	104	regions	region	NOUN
fbem-9143	141	105	.	.	PUNCT
fbem-9143	142	1	so	so	ADV
fbem-9143	142	2	far	far	ADV
fbem-9143	142	3	,	,	PUNCT
fbem-9143	142	4	hypothesis	hypothesis	NOUN
fbem-9143	142	5	2	2	NUM
fbem-9143	142	6	has	have	AUX
fbem-9143	142	7	been	be	AUX
fbem-9143	142	8	verified	verify	VERB
fbem-9143	142	9	.	.	PUNCT
fbem-9143	143	1	the	the	DET
fbem-9143	143	2	reason	reason	NOUN
fbem-9143	143	3	is	be	AUX
fbem-9143	143	4	that	that	SCONJ
fbem-9143	143	5	the	the	DET
fbem-9143	143	6	development	development	NOUN
fbem-9143	143	7	degree	degree	NOUN
fbem-9143	143	8	of	of	ADP
fbem-9143	143	9	central	central	ADJ
fbem-9143	143	10	and	and	CCONJ
fbem-9143	143	11	eastern	eastern	ADJ
fbem-9143	143	12	regions	region	NOUN
fbem-9143	143	13	and	and	CCONJ
fbem-9143	143	14	western	western	ADJ
fbem-9143	143	15	regions	region	NOUN
fbem-9143	143	16	in	in	ADP
fbem-9143	143	17	china	china	PROPN
fbem-9143	143	18	is	be	AUX
fbem-9143	143	19	very	very	ADV
fbem-9143	143	20	different	different	ADJ
fbem-9143	143	21	.	.	PUNCT
fbem-9143	144	1	the	the	DET
fbem-9143	144	2	central	central	ADJ
fbem-9143	144	3	and	and	CCONJ
fbem-9143	144	4	eastern	eastern	ADJ
fbem-9143	144	5	regions	region	NOUN
fbem-9143	144	6	play	play	VERB
fbem-9143	144	7	a	a	DET
fbem-9143	144	8	more	more	ADV
fbem-9143	144	9	important	important	ADJ
fbem-9143	144	10	role	role	NOUN
fbem-9143	144	11	in	in	ADP
fbem-9143	144	12	promoting	promote	VERB
fbem-9143	144	13	financial	financial	ADJ
fbem-9143	144	14	support	support	NOUN
fbem-9143	144	15	for	for	ADP
fbem-9143	144	16	the	the	DET
fbem-9143	144	17	real	real	ADJ
fbem-9143	144	18	economy	economy	NOUN
fbem-9143	144	19	due	due	ADP
fbem-9143	144	20	to	to	ADP
fbem-9143	144	21	their	their	PRON
fbem-9143	144	22	better	well	ADJ
fbem-9143	144	23	geographical	geographical	ADJ
fbem-9143	144	24	location	location	NOUN
fbem-9143	144	25	,	,	PUNCT
fbem-9143	144	26	more	more	ADV
fbem-9143	144	27	developed	develop	VERB
fbem-9143	144	28	economy	economy	NOUN
fbem-9143	144	29	and	and	CCONJ
fbem-9143	144	30	strong	strong	ADJ
fbem-9143	144	31	development	development	NOUN
fbem-9143	144	32	level	level	NOUN
fbem-9143	144	33	of	of	ADP
fbem-9143	144	34	digital	digital	ADJ
fbem-9143	144	35	finance	finance	NOUN
fbem-9143	144	36	.	.	PUNCT
fbem-9143	145	1	although	although	SCONJ
fbem-9143	145	2	the	the	DET
fbem-9143	145	3	development	development	NOUN
fbem-9143	145	4	speed	speed	NOUN
fbem-9143	145	5	of	of	ADP
fbem-9143	145	6	the	the	DET
fbem-9143	145	7	western	western	ADJ
fbem-9143	145	8	region	region	NOUN
fbem-9143	145	9	has	have	AUX
fbem-9143	145	10	increased	increase	VERB
fbem-9143	145	11	in	in	ADP
fbem-9143	145	12	recent	recent	ADJ
fbem-9143	145	13	years	year	NOUN
fbem-9143	145	14	,	,	PUNCT
fbem-9143	145	15	it	it	PRON
fbem-9143	145	16	is	be	AUX
fbem-9143	145	17	due	due	ADJ
fbem-9143	145	18	to	to	ADP
fbem-9143	145	19	some	some	DET
fbem-9143	145	20	practical	practical	ADJ
fbem-9143	145	21	factors	factor	NOUN
fbem-9143	145	22	,	,	PUNCT
fbem-9143	145	23	such	such	ADJ
fbem-9143	145	24	as	as	ADP
fbem-9143	145	25	underdeveloped	underdeveloped	ADJ
fbem-9143	145	26	economy	economy	NOUN
fbem-9143	145	27	,	,	PUNCT
fbem-9143	145	28	geographical	geographical	ADJ
fbem-9143	145	29	disadvantage	disadvantage	NOUN
fbem-9143	145	30	,	,	PUNCT
fbem-9143	145	31	lack	lack	NOUN
fbem-9143	145	32	of	of	ADP
fbem-9143	145	33	financial	financial	ADJ
fbem-9143	145	34	resources	resource	NOUN
fbem-9143	145	35	,	,	PUNCT
fbem-9143	145	36	and	and	CCONJ
fbem-9143	145	37	inadequate	inadequate	ADJ
fbem-9143	145	38	infrastructure	infrastructure	NOUN
fbem-9143	145	39	.	.	PUNCT
fbem-9143	146	1	it	it	PRON
fbem-9143	146	2	is	be	AUX
fbem-9143	146	3	not	not	PART
fbem-9143	146	4	obvious	obvious	ADJ
fbem-9143	146	5	in	in	ADP
fbem-9143	146	6	improving	improve	VERB
fbem-9143	146	7	the	the	DET
fbem-9143	146	8	efficiency	efficiency	NOUN
fbem-9143	146	9	of	of	ADP
fbem-9143	146	10	financial	financial	ADJ
fbem-9143	146	11	support	support	NOUN
fbem-9143	146	12	for	for	ADP
fbem-9143	146	13	the	the	DET
fbem-9143	146	14	real	real	ADJ
fbem-9143	146	15	economy	economy	NOUN
fbem-9143	146	16	.	.	PUNCT
fbem-9143	147	1	table	table	NOUN
fbem-9143	147	2	5	5	NUM
fbem-9143	147	3	.	.	PUNCT
fbem-9143	148	1	regional	regional	ADJ
fbem-9143	148	2	heterogeneity	heterogeneity	NOUN
fbem-9143	148	3	effect	effect	NOUN
fbem-9143	148	4	variables	variable	VERB
fbem-9143	148	5	east	east	PROPN
fbem-9143	148	6	tfpch	tfpch	PROPN
fbem-9143	148	7	middle	middle	PROPN
fbem-9143	148	8	tfpch	tfpch	PROPN
fbem-9143	148	9	west	west	PROPN
fbem-9143	148	10	tfpch	tfpch	PROPN
fbem-9143	148	11	fi	fi	NOUN
fbem-9143	148	12	0.254	0.254	NUM
fbem-9143	148	13	*	*	PUNCT
fbem-9143	148	14	*	*	PUNCT
fbem-9143	148	15	*	*	PUNCT
fbem-9143	148	16	(	(	PUNCT
fbem-9143	148	17	3.67	3.67	NUM
fbem-9143	148	18	)	)	PUNCT
fbem-9143	148	19	0.396	0.396	NUM
fbem-9143	148	20	*	*	PUNCT
fbem-9143	149	1	*	*	PUNCT
fbem-9143	149	2	(	(	PUNCT
fbem-9143	149	3	2.80	2.80	NUM
fbem-9143	149	4	)	)	PUNCT
fbem-9143	149	5	0.201	0.201	NUM
fbem-9143	149	6	(	(	PUNCT
fbem-9143	149	7	1.79	1.79	NUM
fbem-9143	149	8	)	)	PUNCT
fbem-9143	149	9	soe	soe	PROPN
fbem-9143	149	10	0.421	0.421	NUM
fbem-9143	149	11	*	*	NOUN
fbem-9143	149	12	*	*	PUNCT
fbem-9143	149	13	*	*	PUNCT
fbem-9143	149	14	(	(	PUNCT
fbem-9143	149	15	4.23	4.23	NUM
fbem-9143	149	16	)	)	PUNCT
fbem-9143	149	17	0.311	0.311	NUM
fbem-9143	149	18	(	(	PUNCT
fbem-9143	149	19	1.62	1.62	NUM
fbem-9143	149	20	)	)	PUNCT
fbem-9143	149	21	0.649	0.649	NUM
fbem-9143	149	22	(	(	PUNCT
fbem-9143	149	23	1.48	1.48	NUM
fbem-9143	149	24	)	)	PUNCT
fbem-9143	149	25	is	be	AUX
fbem-9143	149	26	0.680	0.680	NUM
fbem-9143	149	27	*	*	PUNCT
fbem-9143	149	28	*	*	PUNCT
fbem-9143	149	29	*	*	PUNCT
fbem-9143	149	30	(	(	PUNCT
fbem-9143	149	31	3.20	3.20	NUM
fbem-9143	149	32	)	)	PUNCT
fbem-9143	149	33	1.418	1.418	NUM
fbem-9143	149	34	*	*	PUNCT
fbem-9143	149	35	*	*	PUNCT
fbem-9143	149	36	*	*	PUNCT
fbem-9143	149	37	(	(	PUNCT
fbem-9143	149	38	3.97	3.97	NUM
fbem-9143	149	39	)	)	PUNCT
fbem-9143	149	40	0.235	0.235	NUM
fbem-9143	149	41	*	*	PUNCT
fbem-9143	149	42	*	*	PUNCT
fbem-9143	149	43	(	(	PUNCT
fbem-9143	149	44	2.95	2.95	NUM
fbem-9143	149	45	)	)	PUNCT
fbem-9143	149	46	urban	urban	ADJ
fbem-9143	149	47	0.148	0.148	NUM
fbem-9143	149	48	*	*	PUNCT
fbem-9143	149	49	*	*	PUNCT
fbem-9143	149	50	(	(	PUNCT
fbem-9143	149	51	2.95	2.95	NUM
fbem-9143	149	52	)	)	PUNCT
fbem-9143	149	53	-1.121	-1.121	PROPN
fbem-9143	150	1	*	*	PUNCT
fbem-9143	150	2	*	*	PUNCT
fbem-9143	150	3	(	(	PUNCT
fbem-9143	150	4	-2.48	-2.48	NUM
fbem-9143	150	5	)	)	PUNCT
fbem-9143	150	6	-1.359	-1.359	PUNCT
fbem-9143	150	7	(	(	PUNCT
fbem-9143	150	8	-1.67	-1.67	INTJ
fbem-9143	150	9	)	)	PUNCT
fbem-9143	150	10	fdi	fdi	NOUN
fbem-9143	150	11	0.009	0.009	NUM
fbem-9143	150	12	*	*	PUNCT
fbem-9143	150	13	*	*	PUNCT
fbem-9143	150	14	*	*	PUNCT
fbem-9143	150	15	(	(	PUNCT
fbem-9143	150	16	5.21	5.21	NUM
fbem-9143	150	17	)	)	PUNCT
fbem-9143	150	18	0.068	0.068	NUM
fbem-9143	150	19	(	(	PUNCT
fbem-9143	150	20	0.41	0.41	NUM
fbem-9143	150	21	)	)	PUNCT
fbem-9143	150	22	0.105	0.105	NUM
fbem-9143	150	23	*	*	PUNCT
fbem-9143	150	24	(	(	PUNCT
fbem-9143	150	25	0.54	0.54	NUM
fbem-9143	150	26	)	)	PUNCT
fbem-9143	150	27	gov	gov	NOUN
fbem-9143	150	28	-0.118	-0.118	X
fbem-9143	150	29	(	(	PUNCT
fbem-9143	150	30	-0.42	-0.42	NUM
fbem-9143	150	31	)	)	PUNCT
fbem-9143	150	32	0.758	0.758	NUM
fbem-9143	150	33	*	*	NOUN
fbem-9143	150	34	*	*	PUNCT
fbem-9143	150	35	(	(	PUNCT
fbem-9143	150	36	3.29	3.29	NUM
fbem-9143	150	37	)	)	PUNCT
fbem-9143	150	38	0.002	0.002	NUM
fbem-9143	150	39	(	(	PUNCT
fbem-9143	150	40	0.02	0.02	NUM
fbem-9143	150	41	)	)	PUNCT
fbem-9143	150	42	constant	constant	ADJ
fbem-9143	150	43	0.457	0.457	NUM
fbem-9143	150	44	(	(	PUNCT
fbem-9143	150	45	1.45	1.45	NUM
fbem-9143	150	46	)	)	PUNCT
fbem-9143	150	47	-0.738	-0.738	NOUN
fbem-9143	150	48	(	(	PUNCT
fbem-9143	150	49	-0.69	-0.69	NOUN
fbem-9143	150	50	)	)	PUNCT
fbem-9143	150	51	-1.338	-1.338	NOUN
fbem-9143	150	52	*	*	PUNCT
fbem-9143	150	53	*	*	PUNCT
fbem-9143	150	54	(	(	PUNCT
fbem-9143	150	55	-2.41	-2.41	X
fbem-9143	150	56	)	)	PUNCT
fbem-9143	150	57	provincial	provincial	ADJ
fbem-9143	150	58	fixed	fix	VERB
fbem-9143	150	59	effect	effect	NOUN
fbem-9143	150	60	consider	consider	VERB
fbem-9143	150	61	consider	consider	VERB
fbem-9143	150	62	consider	consider	VERB
fbem-9143	150	63	fixed	fix	VERB
fbem-9143	150	64	year	year	NOUN
fbem-9143	150	65	effect	effect	NOUN
fbem-9143	150	66	consider	consider	VERB
fbem-9143	150	67	consider	consider	VERB
fbem-9143	150	68	consider	consider	VERB
fbem-9143	150	69	observations	observation	NOUN
fbem-9143	150	70	88	88	NUM
fbem-9143	150	71	64	64	NUM
fbem-9143	150	72	96	96	NUM
fbem-9143	150	73	6	6	NUM
fbem-9143	150	74	.	.	PUNCT
fbem-9143	151	1	conclusions	conclusion	NOUN
fbem-9143	151	2	and	and	CCONJ
fbem-9143	151	3	suggestions	suggestion	NOUN
fbem-9143	151	4	the	the	DET
fbem-9143	151	5	real	real	ADJ
fbem-9143	151	6	economy	economy	NOUN
fbem-9143	151	7	is	be	AUX
fbem-9143	151	8	the	the	DET
fbem-9143	151	9	cornerstone	cornerstone	NOUN
fbem-9143	151	10	of	of	ADP
fbem-9143	151	11	social	social	ADJ
fbem-9143	151	12	and	and	CCONJ
fbem-9143	151	13	economic	economic	ADJ
fbem-9143	151	14	development	development	NOUN
fbem-9143	151	15	.	.	PUNCT
fbem-9143	152	1	in	in	ADP
fbem-9143	152	2	recent	recent	ADJ
fbem-9143	152	3	years	year	NOUN
fbem-9143	152	4	,	,	PUNCT
fbem-9143	152	5	china	china	PROPN
fbem-9143	152	6	has	have	AUX
fbem-9143	152	7	always	always	ADV
fbem-9143	152	8	insisted	insist	VERB
fbem-9143	152	9	on	on	ADP
fbem-9143	152	10	leading	lead	VERB
fbem-9143	152	11	finance	finance	NOUN
fbem-9143	152	12	to	to	PART
fbem-9143	152	13	support	support	VERB
fbem-9143	152	14	the	the	DET
fbem-9143	152	15	real	real	ADJ
fbem-9143	152	16	economy	economy	NOUN
fbem-9143	152	17	to	to	PART
fbem-9143	152	18	achieve	achieve	VERB
fbem-9143	152	19	high	high	ADJ
fbem-9143	152	20	-	-	PUNCT
fbem-9143	152	21	quality	quality	NOUN
fbem-9143	152	22	development	development	NOUN
fbem-9143	152	23	and	and	CCONJ
fbem-9143	152	24	achieve	achieve	VERB
fbem-9143	152	25	a	a	DET
fbem-9143	152	26	virtuous	virtuous	ADJ
fbem-9143	152	27	cycle	cycle	NOUN
fbem-9143	152	28	between	between	ADP
fbem-9143	152	29	finance	finance	NOUN
fbem-9143	152	30	and	and	CCONJ
fbem-9143	152	31	the	the	DET
fbem-9143	152	32	real	real	ADJ
fbem-9143	152	33	economy	economy	NOUN
fbem-9143	152	34	.	.	PUNCT
fbem-9143	153	1	therefore	therefore	ADV
fbem-9143	153	2	,	,	PUNCT
fbem-9143	153	3	this	this	DET
fbem-9143	153	4	paper	paper	NOUN
fbem-9143	153	5	links	link	VERB
fbem-9143	153	6	the	the	DET
fbem-9143	153	7	development	development	NOUN
fbem-9143	153	8	of	of	ADP
fbem-9143	153	9	digital	digital	ADJ
fbem-9143	153	10	finance	finance	NOUN
fbem-9143	153	11	with	with	ADP
fbem-9143	153	12	the	the	DET
fbem-9143	153	13	efficiency	efficiency	NOUN
fbem-9143	153	14	of	of	ADP
fbem-9143	153	15	financial	financial	ADJ
fbem-9143	153	16	services	service	NOUN
fbem-9143	153	17	to	to	ADP
fbem-9143	153	18	the	the	DET
fbem-9143	153	19	real	real	ADJ
fbem-9143	153	20	economy	economy	NOUN
fbem-9143	153	21	,	,	PUNCT
fbem-9143	153	22	selects	select	VERB
fbem-9143	153	23	the	the	DET
fbem-9143	153	24	panel	panel	NOUN
fbem-9143	153	25	data	datum	NOUN
fbem-9143	153	26	of	of	ADP
fbem-9143	153	27	31	31	NUM
fbem-9143	153	28	provinces	province	NOUN
fbem-9143	153	29	from	from	ADP
fbem-9143	153	30	2014	2014	NUM
fbem-9143	153	31	to	to	ADP
fbem-9143	153	32	2021	2021	NUM
fbem-9143	153	33	,	,	PUNCT
fbem-9143	153	34	empirically	empirically	ADV
fbem-9143	153	35	tests	test	VERB
fbem-9143	153	36	the	the	DET
fbem-9143	153	37	impact	impact	NOUN
fbem-9143	153	38	of	of	ADP
fbem-9143	153	39	digital	digital	ADJ
fbem-9143	153	40	finance	finance	NOUN
fbem-9143	153	41	on	on	ADP
fbem-9143	153	42	the	the	DET
fbem-9143	153	43	efficiency	efficiency	NOUN
fbem-9143	153	44	of	of	ADP
fbem-9143	153	45	financial	financial	ADJ
fbem-9143	153	46	support	support	NOUN
fbem-9143	153	47	to	to	ADP
fbem-9143	153	48	the	the	DET
fbem-9143	153	49	real	real	ADJ
fbem-9143	153	50	economy	economy	NOUN
fbem-9143	153	51	,	,	PUNCT
fbem-9143	153	52	and	and	CCONJ
fbem-9143	153	53	then	then	ADV
fbem-9143	153	54	carries	carry	VERB
fbem-9143	153	55	out	out	ADP
fbem-9143	153	56	the	the	DET
fbem-9143	153	57	heterogeneity	heterogeneity	NOUN
fbem-9143	153	58	test	test	NOUN
fbem-9143	153	59	.	.	PUNCT
fbem-9143	154	1	the	the	DET
fbem-9143	154	2	main	main	ADJ
fbem-9143	154	3	conclusions	conclusion	NOUN
fbem-9143	154	4	are	be	AUX
fbem-9143	154	5	as	as	SCONJ
fbem-9143	154	6	follows	follow	VERB
fbem-9143	154	7	:	:	PUNCT
fbem-9143	154	8	(	(	PUNCT
fbem-9143	154	9	1	1	X
fbem-9143	154	10	)	)	PUNCT
fbem-9143	154	11	digital	digital	ADJ
fbem-9143	154	12	finance	finance	NOUN
fbem-9143	154	13	has	have	AUX
fbem-9143	154	14	played	play	VERB
fbem-9143	154	15	an	an	DET
fbem-9143	154	16	important	important	ADJ
fbem-9143	154	17	role	role	NOUN
fbem-9143	154	18	in	in	ADP
fbem-9143	154	19	improving	improve	VERB
fbem-9143	154	20	the	the	DET
fbem-9143	154	21	efficiency	efficiency	NOUN
fbem-9143	154	22	of	of	ADP
fbem-9143	154	23	financial	financial	ADJ
fbem-9143	154	24	support	support	NOUN
fbem-9143	154	25	to	to	ADP
fbem-9143	154	26	the	the	DET
fbem-9143	154	27	real	real	ADJ
fbem-9143	154	28	economy	economy	NOUN
fbem-9143	154	29	,	,	PUNCT
fbem-9143	154	30	and	and	CCONJ
fbem-9143	154	31	this	this	DET
fbem-9143	154	32	conclusion	conclusion	NOUN
fbem-9143	154	33	has	have	AUX
fbem-9143	154	34	been	be	AUX
fbem-9143	154	35	verified	verify	VERB
fbem-9143	154	36	by	by	ADP
fbem-9143	154	37	constructing	construct	VERB
fbem-9143	154	38	a	a	DET
fbem-9143	154	39	dynamic	dynamic	ADJ
fbem-9143	154	40	system	system	NOUN
fbem-9143	154	41	gmm	gmm	NOUN
fbem-9143	154	42	model	model	NOUN
fbem-9143	154	43	and	and	CCONJ
fbem-9143	154	44	multiple	multiple	ADJ
fbem-9143	154	45	robustness	robustness	NOUN
fbem-9143	154	46	tests	test	NOUN
fbem-9143	154	47	;	;	PUNCT
fbem-9143	154	48	(	(	PUNCT
fbem-9143	154	49	2	2	X
fbem-9143	154	50	)	)	PUNCT
fbem-9143	154	51	compared	compare	VERB
fbem-9143	154	52	with	with	ADP
fbem-9143	154	53	the	the	DET
fbem-9143	154	54	degree	degree	NOUN
fbem-9143	154	55	of	of	ADP
fbem-9143	154	56	digitalization	digitalization	NOUN
fbem-9143	154	57	,	,	PUNCT
fbem-9143	154	58	the	the	DET
fbem-9143	154	59	breadth	breadth	NOUN
fbem-9143	154	60	and	and	CCONJ
fbem-9143	154	61	depth	depth	NOUN
fbem-9143	154	62	of	of	ADP
fbem-9143	154	63	coverage	coverage	NOUN
fbem-9143	154	64	play	play	VERB
fbem-9143	154	65	a	a	DET
fbem-9143	154	66	stronger	strong	ADJ
fbem-9143	154	67	role	role	NOUN
fbem-9143	154	68	in	in	ADP
fbem-9143	154	69	promoting	promote	VERB
fbem-9143	154	70	the	the	DET
fbem-9143	154	71	efficiency	efficiency	NOUN
fbem-9143	154	72	of	of	ADP
fbem-9143	154	73	financial	financial	ADJ
fbem-9143	154	74	support	support	NOUN
fbem-9143	154	75	to	to	ADP
fbem-9143	154	76	the	the	DET
fbem-9143	154	77	real	real	ADJ
fbem-9143	154	78	economy	economy	NOUN
fbem-9143	154	79	than	than	ADP
fbem-9143	154	80	the	the	DET
fbem-9143	154	81	degree	degree	NOUN
fbem-9143	154	82	of	of	ADP
fbem-9143	154	83	digitalization	digitalization	NOUN
fbem-9143	154	84	;	;	PUNCT
fbem-9143	154	85	(	(	PUNCT
fbem-9143	154	86	3	3	X
fbem-9143	154	87	)	)	PUNCT
fbem-9143	154	88	the	the	DET
fbem-9143	154	89	role	role	NOUN
fbem-9143	154	90	of	of	ADP
fbem-9143	154	91	digital	digital	ADJ
fbem-9143	154	92	finance	finance	NOUN
fbem-9143	154	93	in	in	ADP
fbem-9143	154	94	improving	improve	VERB
fbem-9143	154	95	the	the	DET
fbem-9143	154	96	efficiency	efficiency	NOUN
fbem-9143	154	97	of	of	ADP
fbem-9143	154	98	financial	financial	ADJ
fbem-9143	154	99	support	support	NOUN
fbem-9143	154	100	to	to	ADP
fbem-9143	154	101	the	the	DET
fbem-9143	154	102	real	real	ADJ
fbem-9143	154	103	economy	economy	NOUN
fbem-9143	154	104	in	in	ADP
fbem-9143	154	105	the	the	DET
fbem-9143	154	106	central	central	ADJ
fbem-9143	154	107	and	and	CCONJ
fbem-9143	154	108	eastern	eastern	ADJ
fbem-9143	154	109	regions	region	NOUN
fbem-9143	154	110	is	be	AUX
fbem-9143	154	111	stronger	strong	ADJ
fbem-9143	154	112	than	than	ADP
fbem-9143	154	113	that	that	PRON
fbem-9143	154	114	in	in	ADP
fbem-9143	154	115	the	the	DET
fbem-9143	154	116	western	western	ADJ
fbem-9143	154	117	regions	region	NOUN
fbem-9143	154	118	.	.	PUNCT
fbem-9143	155	1	based	base	VERB
fbem-9143	155	2	on	on	ADP
fbem-9143	155	3	the	the	DET
fbem-9143	155	4	previous	previous	ADJ
fbem-9143	155	5	research	research	NOUN
fbem-9143	155	6	content	content	NOUN
fbem-9143	155	7	,	,	PUNCT
fbem-9143	155	8	the	the	DET
fbem-9143	155	9	corresponding	correspond	VERB
fbem-9143	155	10	countermeasures	countermeasure	NOUN
fbem-9143	155	11	and	and	CCONJ
fbem-9143	155	12	suggestions	suggestion	NOUN
fbem-9143	155	13	are	be	AUX
fbem-9143	155	14	put	put	VERB
fbem-9143	155	15	forward	forward	ADV
fbem-9143	155	16	.	.	PUNCT
fbem-9143	156	1	first	first	ADV
fbem-9143	156	2	,	,	PUNCT
fbem-9143	156	3	we	we	PRON
fbem-9143	156	4	should	should	AUX
fbem-9143	156	5	vigorously	vigorously	ADV
fbem-9143	156	6	promote	promote	VERB
fbem-9143	156	7	the	the	DET
fbem-9143	156	8	in	in	ADP
fbem-9143	156	9	-	-	PUNCT
fbem-9143	156	10	depth	depth	NOUN
fbem-9143	156	11	development	development	NOUN
fbem-9143	156	12	of	of	ADP
fbem-9143	156	13	digital	digital	ADJ
fbem-9143	156	14	finance	finance	NOUN
fbem-9143	156	15	and	and	CCONJ
fbem-9143	156	16	help	help	VERB
fbem-9143	156	17	finance	finance	NOUN
fbem-9143	156	18	to	to	PART
fbem-9143	156	19	more	more	ADV
fbem-9143	156	20	specifically	specifically	ADV
fbem-9143	156	21	support	support	VERB
fbem-9143	156	22	the	the	DET
fbem-9143	156	23	real	real	ADJ
fbem-9143	156	24	economy	economy	NOUN
fbem-9143	156	25	.	.	PUNCT
fbem-9143	157	1	focus	focus	VERB
fbem-9143	157	2	on	on	ADP
fbem-9143	157	3	the	the	DET
fbem-9143	157	4	construction	construction	NOUN
fbem-9143	157	5	of	of	ADP
fbem-9143	157	6	digital	digital	ADJ
fbem-9143	157	7	finance	finance	NOUN
fbem-9143	157	8	related	relate	VERB
fbem-9143	157	9	infrastructure	infrastructure	NOUN
fbem-9143	157	10	and	and	CCONJ
fbem-9143	157	11	the	the	DET
fbem-9143	157	12	optimization	optimization	NOUN
fbem-9143	157	13	of	of	ADP
fbem-9143	157	14	the	the	DET
fbem-9143	157	15	financial	financial	ADJ
fbem-9143	157	16	environment	environment	NOUN
fbem-9143	157	17	,	,	PUNCT
fbem-9143	157	18	and	and	CCONJ
fbem-9143	157	19	continuously	continuously	ADV
fbem-9143	157	20	improve	improve	VERB
fbem-9143	157	21	the	the	DET
fbem-9143	157	22	development	development	NOUN
fbem-9143	157	23	level	level	NOUN
fbem-9143	157	24	of	of	ADP
fbem-9143	157	25	digital	digital	ADJ
fbem-9143	157	26	finance	finance	NOUN
fbem-9143	157	27	.	.	PUNCT
fbem-9143	158	1	on	on	ADP
fbem-9143	158	2	the	the	DET
fbem-9143	158	3	one	one	NUM
fbem-9143	158	4	hand	hand	NOUN
fbem-9143	158	5	,	,	PUNCT
fbem-9143	158	6	it	it	PRON
fbem-9143	158	7	can	can	AUX
fbem-9143	158	8	supplement	supplement	VERB
fbem-9143	158	9	and	and	CCONJ
fbem-9143	158	10	improve	improve	VERB
fbem-9143	158	11	the	the	DET
fbem-9143	158	12	existing	exist	VERB
fbem-9143	158	13	credit	credit	NOUN
fbem-9143	158	14	reporting	reporting	NOUN
fbem-9143	158	15	system	system	NOUN
fbem-9143	158	16	,	,	PUNCT
fbem-9143	158	17	provide	provide	VERB
fbem-9143	158	18	complete	complete	ADJ
fbem-9143	158	19	and	and	CCONJ
fbem-9143	158	20	effective	effective	ADJ
fbem-9143	158	21	credit	credit	NOUN
fbem-9143	158	22	reporting	reporting	NOUN
fbem-9143	158	23	services	service	NOUN
fbem-9143	158	24	,	,	PUNCT
fbem-9143	158	25	and	and	CCONJ
fbem-9143	158	26	alleviate	alleviate	VERB
fbem-9143	158	27	a	a	DET
fbem-9143	158	28	series	series	NOUN
fbem-9143	158	29	of	of	ADP
fbem-9143	158	30	problems	problem	NOUN
fbem-9143	158	31	caused	cause	VERB
fbem-9143	158	32	by	by	ADP
fbem-9143	158	33	information	information	NOUN
fbem-9143	158	34	asymmetry	asymmetry	NOUN
fbem-9143	158	35	;	;	PUNCT
fbem-9143	158	36	on	on	ADP
fbem-9143	158	37	the	the	DET
fbem-9143	158	38	other	other	ADJ
fbem-9143	158	39	hand	hand	NOUN
fbem-9143	158	40	,	,	PUNCT
fbem-9143	158	41	it	it	PRON
fbem-9143	158	42	can	can	AUX
fbem-9143	158	43	reasonably	reasonably	ADV
fbem-9143	158	44	optimize	optimize	VERB
fbem-9143	158	45	the	the	DET
fbem-9143	158	46	construction	construction	NOUN
fbem-9143	158	47	of	of	ADP
fbem-9143	158	48	digital	digital	ADJ
fbem-9143	158	49	financial	financial	ADJ
fbem-9143	158	50	service	service	NOUN
fbem-9143	158	51	stations	station	NOUN
fbem-9143	158	52	,	,	PUNCT
fbem-9143	158	53	provide	provide	VERB
fbem-9143	158	54	targeted	target	VERB
fbem-9143	158	55	services	service	NOUN
fbem-9143	158	56	for	for	ADP
fbem-9143	158	57	enterprises	enterprise	NOUN
fbem-9143	158	58	,	,	PUNCT
fbem-9143	158	59	optimize	optimize	VERB
fbem-9143	158	60	the	the	DET
fbem-9143	158	61	supply	supply	NOUN
fbem-9143	158	62	of	of	ADP
fbem-9143	158	63	financial	financial	ADJ
fbem-9143	158	64	resources	resource	NOUN
fbem-9143	158	65	,	,	PUNCT
fbem-9143	158	66	and	and	CCONJ
fbem-9143	158	67	make	make	VERB
fbem-9143	158	68	it	it	PRON
fbem-9143	158	69	effectively	effectively	ADV
fbem-9143	158	70	match	match	VERB
fbem-9143	158	71	the	the	DET
fbem-9143	158	72	capital	capital	NOUN
fbem-9143	158	73	demand	demand	NOUN
fbem-9143	158	74	of	of	ADP
fbem-9143	158	75	enterprises	enterprise	NOUN
fbem-9143	158	76	,	,	PUNCT
fbem-9143	158	77	so	so	SCONJ
fbem-9143	158	78	as	as	SCONJ
fbem-9143	158	79	to	to	PART
fbem-9143	158	80	promote	promote	VERB
fbem-9143	158	81	the	the	DET
fbem-9143	158	82	sustainable	sustainable	ADJ
fbem-9143	158	83	development	development	NOUN
fbem-9143	158	84	of	of	ADP
fbem-9143	158	85	the	the	DET
fbem-9143	158	86	real	real	ADJ
fbem-9143	158	87	economy	economy	NOUN
fbem-9143	158	88	.	.	PUNCT
fbem-9143	159	1	second	second	ADV
fbem-9143	159	2	,	,	PUNCT
fbem-9143	159	3	promote	promote	VERB
fbem-9143	159	4	the	the	DET
fbem-9143	159	5	application	application	NOUN
fbem-9143	159	6	of	of	ADP
fbem-9143	159	7	digital	digital	ADJ
fbem-9143	159	8	technology	technology	NOUN
fbem-9143	159	9	and	and	CCONJ
fbem-9143	159	10	encourage	encourage	VERB
fbem-9143	159	11	the	the	DET
fbem-9143	159	12	innovation	innovation	NOUN
fbem-9143	159	13	of	of	ADP
fbem-9143	159	14	digital	digital	ADJ
fbem-9143	159	15	financial	financial	ADJ
fbem-9143	159	16	products	product	NOUN
fbem-9143	159	17	.	.	PUNCT
fbem-9143	160	1	we	we	PRON
fbem-9143	160	2	will	will	AUX
fbem-9143	160	3	increase	increase	VERB
fbem-9143	160	4	support	support	NOUN
fbem-9143	160	5	for	for	ADP
fbem-9143	160	6	the	the	DET
fbem-9143	160	7	development	development	NOUN
fbem-9143	160	8	of	of	ADP
fbem-9143	160	9	digital	digital	ADJ
fbem-9143	160	10	technology	technology	NOUN
fbem-9143	160	11	in	in	ADP
fbem-9143	160	12	core	core	NOUN
fbem-9143	160	13	areas	area	NOUN
fbem-9143	160	14	such	such	ADJ
fbem-9143	160	15	as	as	ADP
fbem-9143	160	16	big	big	ADJ
fbem-9143	160	17	data	datum	NOUN
fbem-9143	160	18	and	and	CCONJ
fbem-9143	160	19	cloud	cloud	NOUN
fbem-9143	160	20	computing	computing	NOUN
fbem-9143	160	21	,	,	PUNCT
fbem-9143	160	22	and	and	CCONJ
fbem-9143	160	23	continue	continue	VERB
fbem-9143	160	24	to	to	PART
fbem-9143	160	25	promote	promote	VERB
fbem-9143	160	26	financial	financial	ADJ
fbem-9143	160	27	digital	digital	ADJ
fbem-9143	160	28	transformation	transformation	NOUN
fbem-9143	160	29	.	.	PUNCT
fbem-9143	161	1	the	the	DET
fbem-9143	161	2	continuous	continuous	ADJ
fbem-9143	161	3	combined	combined	ADJ
fbem-9143	161	4	development	development	NOUN
fbem-9143	161	5	of	of	ADP
fbem-9143	161	6	finance	finance	NOUN
fbem-9143	161	7	and	and	CCONJ
fbem-9143	161	8	digital	digital	ADJ
fbem-9143	161	9	technology	technology	NOUN
fbem-9143	161	10	can	can	AUX
fbem-9143	161	11	realize	realize	VERB
fbem-9143	161	12	the	the	DET
fbem-9143	161	13	upgrading	upgrading	NOUN
fbem-9143	161	14	and	and	CCONJ
fbem-9143	161	15	innovation	innovation	NOUN
fbem-9143	161	16	of	of	ADP
fbem-9143	161	17	147	147	NUM
fbem-9143	161	18	products	product	NOUN
fbem-9143	161	19	and	and	CCONJ
fbem-9143	161	20	services	service	NOUN
fbem-9143	161	21	,	,	PUNCT
fbem-9143	161	22	so	so	SCONJ
fbem-9143	161	23	as	as	SCONJ
fbem-9143	161	24	to	to	PART
fbem-9143	161	25	give	give	VERB
fbem-9143	161	26	full	full	ADJ
fbem-9143	161	27	play	play	NOUN
fbem-9143	161	28	to	to	ADP
fbem-9143	161	29	the	the	DET
fbem-9143	161	30	"	"	PUNCT
fbem-9143	161	31	long	long	ADJ
fbem-9143	161	32	tail	tail	NOUN
fbem-9143	161	33	effect	effect	NOUN
fbem-9143	161	34	"	"	PUNCT
fbem-9143	161	35	,	,	PUNCT
fbem-9143	161	36	expand	expand	VERB
fbem-9143	161	37	the	the	DET
fbem-9143	161	38	scope	scope	NOUN
fbem-9143	161	39	of	of	ADP
fbem-9143	161	40	services	service	NOUN
fbem-9143	161	41	as	as	ADV
fbem-9143	161	42	much	much	ADV
fbem-9143	161	43	as	as	ADP
fbem-9143	161	44	possible	possible	ADJ
fbem-9143	161	45	,	,	PUNCT
fbem-9143	161	46	minimize	minimize	VERB
fbem-9143	161	47	the	the	DET
fbem-9143	161	48	problem	problem	NOUN
fbem-9143	161	49	of	of	ADP
fbem-9143	161	50	information	information	NOUN
fbem-9143	161	51	asymmetry	asymmetry	NOUN
fbem-9143	161	52	,	,	PUNCT
fbem-9143	161	53	reduce	reduce	VERB
fbem-9143	161	54	the	the	DET
fbem-9143	161	55	operation	operation	NOUN
fbem-9143	161	56	and	and	CCONJ
fbem-9143	161	57	payment	payment	NOUN
fbem-9143	161	58	and	and	CCONJ
fbem-9143	161	59	settlement	settlement	NOUN
fbem-9143	161	60	costs	cost	NOUN
fbem-9143	161	61	of	of	ADP
fbem-9143	161	62	market	market	NOUN
fbem-9143	161	63	players	player	NOUN
fbem-9143	161	64	,	,	PUNCT
fbem-9143	161	65	and	and	CCONJ
fbem-9143	161	66	improve	improve	VERB
fbem-9143	161	67	the	the	DET
fbem-9143	161	68	efficiency	efficiency	NOUN
fbem-9143	161	69	of	of	ADP
fbem-9143	161	70	financial	financial	ADJ
fbem-9143	161	71	support	support	NOUN
fbem-9143	161	72	for	for	ADP
fbem-9143	161	73	the	the	DET
fbem-9143	161	74	real	real	ADJ
fbem-9143	161	75	economy	economy	NOUN
fbem-9143	161	76	.	.	PUNCT
fbem-9143	162	1	third	third	ADV
fbem-9143	162	2	,	,	PUNCT
fbem-9143	162	3	strengthen	strengthen	VERB
fbem-9143	162	4	the	the	DET
fbem-9143	162	5	policy	policy	NOUN
fbem-9143	162	6	guidance	guidance	NOUN
fbem-9143	162	7	efficiency	efficiency	NOUN
fbem-9143	162	8	of	of	ADP
fbem-9143	162	9	government	government	NOUN
fbem-9143	162	10	departments	department	NOUN
fbem-9143	162	11	,	,	PUNCT
fbem-9143	162	12	and	and	CCONJ
fbem-9143	162	13	enhance	enhance	VERB
fbem-9143	162	14	the	the	DET
fbem-9143	162	15	matching	matching	NOUN
fbem-9143	162	16	degree	degree	NOUN
fbem-9143	162	17	and	and	CCONJ
fbem-9143	162	18	accuracy	accuracy	NOUN
fbem-9143	162	19	of	of	ADP
fbem-9143	162	20	policy	policy	NOUN
fbem-9143	162	21	support	support	NOUN
fbem-9143	162	22	.	.	PUNCT
fbem-9143	163	1	for	for	ADP
fbem-9143	163	2	example	example	NOUN
fbem-9143	163	3	,	,	PUNCT
fbem-9143	163	4	we	we	PRON
fbem-9143	163	5	can	can	AUX
fbem-9143	163	6	mobilize	mobilize	VERB
fbem-9143	163	7	the	the	DET
fbem-9143	163	8	enthusiasm	enthusiasm	NOUN
fbem-9143	163	9	of	of	ADP
fbem-9143	163	10	financial	financial	ADJ
fbem-9143	163	11	institutions	institution	NOUN
fbem-9143	163	12	to	to	PART
fbem-9143	163	13	participate	participate	VERB
fbem-9143	163	14	in	in	ADP
fbem-9143	163	15	the	the	DET
fbem-9143	163	16	construction	construction	NOUN
fbem-9143	163	17	of	of	ADP
fbem-9143	163	18	digital	digital	ADJ
fbem-9143	163	19	finance	finance	NOUN
fbem-9143	163	20	by	by	ADP
fbem-9143	163	21	building	build	VERB
fbem-9143	163	22	platforms	platform	NOUN
fbem-9143	163	23	and	and	CCONJ
fbem-9143	163	24	financial	financial	ADJ
fbem-9143	163	25	subsidies	subsidy	NOUN
fbem-9143	163	26	,	,	PUNCT
fbem-9143	163	27	guide	guide	VERB
fbem-9143	163	28	the	the	DET
fbem-9143	163	29	focus	focus	NOUN
fbem-9143	163	30	of	of	ADP
fbem-9143	163	31	their	their	PRON
fbem-9143	163	32	services	service	NOUN
fbem-9143	163	33	to	to	ADP
fbem-9143	163	34	more	more	ADJ
fbem-9143	163	35	real	real	ADJ
fbem-9143	163	36	economic	economic	ADJ
fbem-9143	163	37	sectors	sector	NOUN
fbem-9143	163	38	,	,	PUNCT
fbem-9143	163	39	promote	promote	VERB
fbem-9143	163	40	the	the	DET
fbem-9143	163	41	effective	effective	ADJ
fbem-9143	163	42	connection	connection	NOUN
fbem-9143	163	43	between	between	ADP
fbem-9143	163	44	the	the	DET
fbem-9143	163	45	supply	supply	NOUN
fbem-9143	163	46	and	and	CCONJ
fbem-9143	163	47	demand	demand	NOUN
fbem-9143	163	48	of	of	ADP
fbem-9143	163	49	financial	financial	ADJ
fbem-9143	163	50	services	service	NOUN
fbem-9143	163	51	,	,	PUNCT
fbem-9143	163	52	and	and	CCONJ
fbem-9143	163	53	meet	meet	VERB
fbem-9143	163	54	the	the	DET
fbem-9143	163	55	credit	credit	NOUN
fbem-9143	163	56	demand	demand	NOUN
fbem-9143	163	57	of	of	ADP
fbem-9143	163	58	real	real	ADJ
fbem-9143	163	59	enterprises	enterprise	NOUN
fbem-9143	163	60	.	.	PUNCT
fbem-9143	164	1	financial	financial	ADJ
fbem-9143	164	2	subsidies	subsidy	NOUN
fbem-9143	164	3	can	can	AUX
fbem-9143	164	4	also	also	ADV
fbem-9143	164	5	be	be	AUX
fbem-9143	164	6	invested	invest	VERB
fbem-9143	164	7	in	in	ADP
fbem-9143	164	8	financial	financial	ADJ
fbem-9143	164	9	technology	technology	NOUN
fbem-9143	164	10	r	r	NOUN
fbem-9143	164	11	&	&	CCONJ
fbem-9143	164	12	d	d	PROPN
fbem-9143	164	13	departments	department	NOUN
fbem-9143	164	14	and	and	CCONJ
fbem-9143	164	15	innovative	innovative	ADJ
fbem-9143	164	16	enterprises	enterprise	NOUN
fbem-9143	164	17	to	to	PART
fbem-9143	164	18	mobilize	mobilize	VERB
fbem-9143	164	19	the	the	DET
fbem-9143	164	20	enthusiasm	enthusiasm	NOUN
fbem-9143	164	21	of	of	ADP
fbem-9143	164	22	r	r	NOUN
fbem-9143	164	23	&	&	CCONJ
fbem-9143	164	24	d	d	NOUN
fbem-9143	164	25	personnel	personnel	NOUN
fbem-9143	164	26	and	and	CCONJ
fbem-9143	164	27	promote	promote	VERB
fbem-9143	164	28	financial	financial	ADJ
fbem-9143	164	29	technology	technology	NOUN
fbem-9143	164	30	innovation	innovation	NOUN
fbem-9143	164	31	,	,	PUNCT
fbem-9143	164	32	so	so	SCONJ
fbem-9143	164	33	as	as	SCONJ
fbem-9143	164	34	to	to	PART
fbem-9143	164	35	promote	promote	VERB
fbem-9143	164	36	more	more	ADV
fbem-9143	164	37	targeted	target	VERB
fbem-9143	164	38	financial	financial	ADJ
fbem-9143	164	39	support	support	NOUN
fbem-9143	164	40	for	for	ADP
fbem-9143	164	41	the	the	DET
fbem-9143	164	42	development	development	NOUN
fbem-9143	164	43	of	of	ADP
fbem-9143	164	44	the	the	DET
fbem-9143	164	45	real	real	ADJ
fbem-9143	164	46	economy	economy	NOUN
fbem-9143	164	47	.	.	PUNCT
fbem-9143	165	1	fourth	fourth	ADJ
fbem-9143	165	2	,	,	PUNCT
fbem-9143	165	3	we	we	PRON
fbem-9143	165	4	should	should	AUX
fbem-9143	165	5	continue	continue	VERB
fbem-9143	165	6	to	to	PART
fbem-9143	165	7	innovate	innovate	VERB
fbem-9143	165	8	and	and	CCONJ
fbem-9143	165	9	improve	improve	VERB
fbem-9143	165	10	the	the	DET
fbem-9143	165	11	regulatory	regulatory	ADJ
fbem-9143	165	12	system	system	NOUN
fbem-9143	165	13	of	of	ADP
fbem-9143	165	14	digital	digital	ADJ
fbem-9143	165	15	finance	finance	NOUN
fbem-9143	165	16	,	,	PUNCT
fbem-9143	165	17	improve	improve	VERB
fbem-9143	165	18	the	the	DET
fbem-9143	165	19	level	level	NOUN
fbem-9143	165	20	of	of	ADP
fbem-9143	165	21	regulation	regulation	NOUN
fbem-9143	165	22	,	,	PUNCT
fbem-9143	165	23	and	and	CCONJ
fbem-9143	165	24	lay	lie	VERB
fbem-9143	165	25	the	the	DET
fbem-9143	165	26	foundation	foundation	NOUN
fbem-9143	165	27	for	for	ADP
fbem-9143	165	28	promoting	promote	VERB
fbem-9143	165	29	financial	financial	ADJ
fbem-9143	165	30	support	support	NOUN
fbem-9143	165	31	for	for	ADP
fbem-9143	165	32	the	the	DET
fbem-9143	165	33	development	development	NOUN
fbem-9143	165	34	of	of	ADP
fbem-9143	165	35	the	the	DET
fbem-9143	165	36	real	real	ADJ
fbem-9143	165	37	economy	economy	NOUN
fbem-9143	165	38	.	.	PUNCT
fbem-9143	166	1	the	the	DET
fbem-9143	166	2	development	development	NOUN
fbem-9143	166	3	of	of	ADP
fbem-9143	166	4	digital	digital	ADJ
fbem-9143	166	5	finance	finance	NOUN
fbem-9143	166	6	will	will	AUX
fbem-9143	166	7	also	also	ADV
fbem-9143	166	8	lead	lead	VERB
fbem-9143	166	9	to	to	ADP
fbem-9143	166	10	a	a	DET
fbem-9143	166	11	series	series	NOUN
fbem-9143	166	12	of	of	ADP
fbem-9143	166	13	risks	risk	NOUN
fbem-9143	166	14	that	that	PRON
fbem-9143	166	15	are	be	AUX
fbem-9143	166	16	difficult	difficult	ADJ
fbem-9143	166	17	to	to	PART
fbem-9143	166	18	identify	identify	VERB
fbem-9143	166	19	,	,	PUNCT
fbem-9143	166	20	which	which	PRON
fbem-9143	166	21	may	may	AUX
fbem-9143	166	22	damage	damage	VERB
fbem-9143	166	23	the	the	DET
fbem-9143	166	24	rights	right	NOUN
fbem-9143	166	25	and	and	CCONJ
fbem-9143	166	26	interests	interest	NOUN
fbem-9143	166	27	of	of	ADP
fbem-9143	166	28	users	user	NOUN
fbem-9143	166	29	and	and	CCONJ
fbem-9143	166	30	disrupt	disrupt	VERB
fbem-9143	166	31	the	the	DET
fbem-9143	166	32	original	original	ADJ
fbem-9143	166	33	benign	benign	ADJ
fbem-9143	166	34	market	market	NOUN
fbem-9143	166	35	operation	operation	NOUN
fbem-9143	166	36	.	.	PUNCT
fbem-9143	167	1	therefore	therefore	ADV
fbem-9143	167	2	,	,	PUNCT
fbem-9143	167	3	it	it	PRON
fbem-9143	167	4	is	be	AUX
fbem-9143	167	5	very	very	ADV
fbem-9143	167	6	necessary	necessary	ADJ
fbem-9143	167	7	to	to	PART
fbem-9143	167	8	optimize	optimize	VERB
fbem-9143	167	9	the	the	DET
fbem-9143	167	10	regulatory	regulatory	ADJ
fbem-9143	167	11	system	system	NOUN
fbem-9143	167	12	in	in	ADP
fbem-9143	167	13	order	order	NOUN
fbem-9143	167	14	to	to	PART
fbem-9143	167	15	make	make	VERB
fbem-9143	167	16	digital	digital	ADJ
fbem-9143	167	17	finance	finance	NOUN
fbem-9143	167	18	develop	develop	VERB
fbem-9143	167	19	better	well	ADV
fbem-9143	167	20	and	and	CCONJ
fbem-9143	167	21	effectively	effectively	ADV
fbem-9143	167	22	avoid	avoid	VERB
fbem-9143	167	23	risks	risk	NOUN
fbem-9143	167	24	.	.	PUNCT
fbem-9143	168	1	the	the	DET
fbem-9143	168	2	regulatory	regulatory	ADJ
fbem-9143	168	3	authorities	authority	NOUN
fbem-9143	168	4	need	need	VERB
fbem-9143	168	5	to	to	PART
fbem-9143	168	6	take	take	VERB
fbem-9143	168	7	responsibility	responsibility	NOUN
fbem-9143	168	8	,	,	PUNCT
fbem-9143	168	9	actively	actively	ADV
fbem-9143	168	10	find	find	VERB
fbem-9143	168	11	and	and	CCONJ
fbem-9143	168	12	find	find	VERB
fbem-9143	168	13	problems	problem	NOUN
fbem-9143	168	14	in	in	ADP
fbem-9143	168	15	the	the	DET
fbem-9143	168	16	regulatory	regulatory	ADJ
fbem-9143	168	17	process	process	NOUN
fbem-9143	168	18	,	,	PUNCT
fbem-9143	168	19	especially	especially	ADV
fbem-9143	168	20	strengthen	strengthen	VERB
fbem-9143	168	21	the	the	DET
fbem-9143	168	22	supervision	supervision	NOUN
fbem-9143	168	23	of	of	ADP
fbem-9143	168	24	loan	loan	NOUN
fbem-9143	168	25	platforms	platform	NOUN
fbem-9143	168	26	developed	develop	VERB
fbem-9143	168	27	based	base	VERB
fbem-9143	168	28	on	on	ADP
fbem-9143	168	29	digital	digital	ADJ
fbem-9143	168	30	technology	technology	NOUN
fbem-9143	168	31	and	and	CCONJ
fbem-9143	168	32	the	the	DET
fbem-9143	168	33	internet	internet	NOUN
fbem-9143	168	34	,	,	PUNCT
fbem-9143	168	35	increase	increase	VERB
fbem-9143	168	36	entry	entry	NOUN
fbem-9143	168	37	restrictions	restriction	NOUN
fbem-9143	168	38	,	,	PUNCT
fbem-9143	168	39	optimize	optimize	VERB
fbem-9143	168	40	monitoring	monitoring	NOUN
fbem-9143	168	41	indicators	indicator	NOUN
fbem-9143	168	42	,	,	PUNCT
fbem-9143	168	43	optimize	optimize	VERB
fbem-9143	168	44	exit	exit	NOUN
fbem-9143	168	45	processes	process	NOUN
fbem-9143	168	46	,	,	PUNCT
fbem-9143	168	47	and	and	CCONJ
fbem-9143	168	48	avoid	avoid	VERB
fbem-9143	168	49	risks	risk	NOUN
fbem-9143	168	50	.	.	PUNCT
fbem-9143	169	1	references	reference	NOUN
fbem-9143	169	2	[	[	X
fbem-9143	169	3	1	1	X
fbem-9143	169	4	]	]	X
fbem-9143	169	5	huang	huang	PROPN
fbem-9143	169	6	h	h	PROPN
fbem-9143	169	7	q.	q.	PROPN
fbem-9143	169	8	on	on	ADP
fbem-9143	169	9	the	the	DET
fbem-9143	169	10	development	development	NOUN
fbem-9143	169	11	of	of	ADP
fbem-9143	169	12	china	china	PROPN
fbem-9143	169	13	's	's	PART
fbem-9143	169	14	real	real	ADJ
fbem-9143	169	15	economy	economy	NOUN
fbem-9143	169	16	in	in	ADP
fbem-9143	169	17	the	the	DET
fbem-9143	169	18	new	new	ADJ
fbem-9143	169	19	era	era	NOUN
fbem-9143	170	1	[	[	X
fbem-9143	170	2	j	j	X
fbem-9143	170	3	]	]	X
fbem-9143	170	4	.	.	PUNCT
fbem-9143	171	1	china	china	PROPN
fbem-9143	171	2	's	's	PART
fbem-9143	171	3	industrial	industrial	ADJ
fbem-9143	171	4	economy	economy	NOUN
fbem-9143	171	5	,	,	PUNCT
fbem-9143	171	6	2017	2017	NUM
fbem-9143	171	7	,	,	PUNCT
fbem-9143	171	8	(	(	PUNCT
fbem-9143	171	9	09	09	NUM
fbem-9143	171	10	):	):	PUNCT
fbem-9143	171	11	5	5	NUM
fbem-9143	171	12	-	-	SYM
fbem-9143	171	13	24	24	NUM
fbem-9143	171	14	.	.	PUNCT
fbem-9143	172	1	[	[	X
fbem-9143	172	2	2	2	X
fbem-9143	172	3	]	]	X
fbem-9143	172	4	huang	huang	PROPN
fbem-9143	172	5	y	y	PROPN
fbem-9143	172	6	p	p	PROPN
fbem-9143	172	7	,	,	PUNCT
fbem-9143	172	8	huang	huang	PROPN
fbem-9143	172	9	z.	z.	PROPN
fbem-9143	172	10	the	the	DET
fbem-9143	172	11	development	development	NOUN
fbem-9143	172	12	of	of	ADP
fbem-9143	172	13	digital	digital	ADJ
fbem-9143	172	14	finance	finance	NOUN
fbem-9143	172	15	in	in	ADP
fbem-9143	172	16	china	china	PROPN
fbem-9143	172	17	:	:	PUNCT
fbem-9143	172	18	present	present	ADJ
fbem-9143	172	19	and	and	CCONJ
fbem-9143	172	20	future	future	ADJ
fbem-9143	173	1	[	[	X
fbem-9143	173	2	j	j	X
fbem-9143	173	3	]	]	X
fbem-9143	173	4	.	.	PUNCT
fbem-9143	174	1	economics	economic	NOUN
fbem-9143	174	2	(	(	PUNCT
fbem-9143	174	3	quarterly	quarterly	ADJ
fbem-9143	174	4	)	)	PUNCT
fbem-9143	174	5	,	,	PUNCT
fbem-9143	174	6	2018,17	2018,17	NUM
fbem-9143	174	7	(	(	PUNCT
fbem-9143	174	8	04	04	NUM
fbem-9143	174	9	):	):	PUNCT
fbem-9143	174	10	1489	1489	NUM
fbem-9143	174	11	-	-	SYM
fbem-9143	174	12	502	502	NUM
fbem-9143	174	13	.	.	PUNCT
fbem-9143	175	1	[	[	X
fbem-9143	175	2	3	3	X
fbem-9143	175	3	]	]	X
fbem-9143	175	4	huai	huai	X
fbem-9143	175	5	r	r	PROPN
fbem-9143	175	6	,	,	PUNCT
fbem-9143	175	7	li	li	PROPN
fbem-9143	175	8	j	j	PROPN
fbem-9143	175	9	w.	w.	PROPN
fbem-9143	175	10	getting	getting	AUX
fbem-9143	175	11	rid	rid	VERB
fbem-9143	175	12	of	of	ADP
fbem-9143	175	13	the	the	DET
fbem-9143	175	14	plight	plight	NOUN
fbem-9143	175	15	of	of	ADP
fbem-9143	175	16	china	china	PROPN
fbem-9143	175	17	's	's	PART
fbem-9143	175	18	real	real	ADJ
fbem-9143	175	19	economy	economy	NOUN
fbem-9143	175	20	development	development	NOUN
fbem-9143	175	21	and	and	CCONJ
fbem-9143	175	22	its	its	PRON
fbem-9143	175	23	probable	probable	ADJ
fbem-9143	175	24	countermeasures	countermeasure	NOUN
fbem-9143	176	1	[	[	X
fbem-9143	176	2	j	j	X
fbem-9143	176	3	]	]	X
fbem-9143	176	4	.	.	PUNCT
fbem-9143	177	1	reform	reform	NOUN
fbem-9143	177	2	,	,	PUNCT
fbem-9143	177	3	2014	2014	NUM
fbem-9143	177	4	,	,	PUNCT
fbem-9143	177	5	no.240	no.240	PROPN
fbem-9143	177	6	(	(	PUNCT
fbem-9143	177	7	02	02	NUM
fbem-9143	177	8	):	):	PUNCT
fbem-9143	177	9	12	12	NUM
fbem-9143	177	10	-	-	SYM
fbem-9143	177	11	27	27	NUM
fbem-9143	177	12	.	.	PUNCT
fbem-9143	178	1	[	[	X
fbem-9143	178	2	4	4	X
fbem-9143	178	3	]	]	X
fbem-9143	178	4	wang	wang	PROPN
fbem-9143	178	5	y	y	PROPN
fbem-9143	178	6	n	n	PROPN
fbem-9143	178	7	,	,	PUNCT
fbem-9143	178	8	ye	ye	PRON
fbem-9143	178	9	x	x	NOUN
fbem-9143	178	10	,	,	PUNCT
fbem-9143	178	11	xu	xu	PROPN
fbem-9143	178	12	l.	l.	PROPN
fbem-9143	178	13	can	can	AUX
fbem-9143	178	14	digital	digital	PROPN
fbem-9143	178	15	finance	finance	NOUN
fbem-9143	178	16	boost	boost	VERB
fbem-9143	178	17	the	the	DET
fbem-9143	178	18	real	real	ADJ
fbem-9143	178	19	economy	economy	NOUN
fbem-9143	178	20	?	?	PUNCT
fbem-9143	179	1	[	[	X
fbem-9143	179	2	j	j	X
fbem-9143	179	3	]	]	X
fbem-9143	179	4	.	.	PUNCT
fbem-9143	180	1	financial	financial	ADJ
fbem-9143	180	2	science	science	NOUN
fbem-9143	180	3	,	,	PUNCT
fbem-9143	180	4	2020	2020	NUM
fbem-9143	180	5	,	,	PUNCT
fbem-9143	180	6	(	(	PUNCT
fbem-9143	180	7	03	03	NUM
fbem-9143	180	8	):	):	PUNCT
fbem-9143	180	9	1	1	NUM
fbem-9143	180	10	-	-	SYM
fbem-9143	180	11	13	13	NUM
fbem-9143	180	12	.	.	PUNCT
fbem-9143	181	1	[	[	X
fbem-9143	181	2	5	5	X
fbem-9143	181	3	]	]	X
fbem-9143	181	4	peng	peng	PROPN
fbem-9143	181	5	y	y	PROPN
fbem-9143	181	6	c	c	PROPN
fbem-9143	181	7	,	,	PUNCT
fbem-9143	181	8	liu	liu	PROPN
fbem-9143	181	9	d	d	PROPN
fbem-9143	181	10	m	m	PROPN
fbem-9143	181	11	,	,	PUNCT
fbem-9143	181	12	gu	gu	ADP
fbem-9143	181	13	l	l	PROPN
fbem-9143	181	14	l.	l.	PROPN
fbem-9143	181	15	can	can	AUX
fbem-9143	181	16	tax	tax	NOUN
fbem-9143	181	17	cuts	cut	NOUN
fbem-9143	181	18	ease	ease	VERB
fbem-9143	181	19	the	the	DET
fbem-9143	181	20	"	"	PUNCT
fbem-9143	181	21	disenchantment	disenchantment	NOUN
fbem-9143	181	22	"	"	PUNCT
fbem-9143	181	23	of	of	ADP
fbem-9143	181	24	the	the	DET
fbem-9143	181	25	economy	economy	NOUN
fbem-9143	181	26	—	—	PUNCT
fbem-9143	181	27	—	—	PUNCT
fbem-9143	181	28	evidence	evidence	NOUN
fbem-9143	181	29	from	from	ADP
fbem-9143	181	30	listed	list	VERB
fbem-9143	181	31	companies	company	NOUN
fbem-9143	181	32	[	[	X
fbem-9143	181	33	j	j	X
fbem-9143	181	34	]	]	X
fbem-9143	181	35	.	.	PUNCT
fbem-9143	182	1	tax	tax	NOUN
fbem-9143	182	2	research	research	NOUN
fbem-9143	182	3	,	,	PUNCT
fbem-9143	182	4	2017	2017	NUM
fbem-9143	182	5	,	,	PUNCT
fbem-9143	182	6	no.391	no.391	PROPN
fbem-9143	182	7	(	(	PUNCT
fbem-9143	182	8	08	08	NUM
fbem-9143	182	9	):	):	PUNCT
fbem-9143	182	10	93	93	NUM
fbem-9143	182	11	-	-	SYM
fbem-9143	182	12	7	7	NUM
fbem-9143	182	13	.	.	PUNCT
fbem-9143	183	1	[	[	X
fbem-9143	183	2	6	6	NUM
fbem-9143	183	3	]	]	PUNCT
fbem-9143	183	4	ren	ren	PROPN
fbem-9143	183	5	c	c	PROPN
fbem-9143	183	6	c	c	X
fbem-9143	183	7	,	,	PUNCT
fbem-9143	183	8	guo	guo	PROPN
fbem-9143	183	9	z	z	PROPN
fbem-9143	183	10	g	g	PROPN
fbem-9143	183	11	,	,	PUNCT
fbem-9143	183	12	tian	tian	PROPN
fbem-9143	183	13	z	z	PROPN
fbem-9143	183	14	w.	w.	PROPN
fbem-9143	183	15	can	can	AUX
fbem-9143	183	16	employee	employee	VERB
fbem-9143	183	17	stock	stock	NOUN
fbem-9143	183	18	ownership	ownership	NOUN
fbem-9143	183	19	plans	plan	NOUN
fbem-9143	183	20	restrain	restrain	VERB
fbem-9143	183	21	enterprises	enterprise	NOUN
fbem-9143	183	22	from	from	ADP
fbem-9143	183	23	becoming	become	VERB
fbem-9143	183	24	unrealistic	unrealistic	ADJ
fbem-9143	183	25	?	?	PUNCT
fbem-9143	184	1	[	[	X
fbem-9143	184	2	j	j	X
fbem-9143	184	3	]	]	X
fbem-9143	184	4	modern	modern	ADJ
fbem-9143	184	5	finance	finance	NOUN
fbem-9143	184	6	and	and	CCONJ
fbem-9143	184	7	economics	economic	NOUN
fbem-9143	184	8	(	(	PUNCT
fbem-9143	184	9	journal	journal	PROPN
fbem-9143	184	10	of	of	ADP
fbem-9143	184	11	tianjin	tianjin	PROPN
fbem-9143	184	12	university	university	PROPN
fbem-9143	184	13	of	of	ADP
fbem-9143	184	14	finance	finance	NOUN
fbem-9143	184	15	and	and	CCONJ
fbem-9143	184	16	economics	economic	NOUN
fbem-9143	184	17	)	)	PUNCT
fbem-9143	184	18	,	,	PUNCT
fbem-9143	184	19	2021	2021	NUM
fbem-9143	184	20	,	,	PUNCT
fbem-9143	184	21	41	41	NUM
fbem-9143	184	22	(	(	PUNCT
fbem-9143	184	23	05	05	NUM
fbem-9143	184	24	):	):	PUNCT
fbem-9143	184	25	47	47	NUM
fbem-9143	184	26	-	-	SYM
fbem-9143	184	27	67	67	NUM
fbem-9143	184	28	.	.	PUNCT
fbem-9143	185	1	[	[	X
fbem-9143	185	2	7	7	X
fbem-9143	185	3	]	]	X
fbem-9143	185	4	yang	yang	PROPN
fbem-9143	185	5	z	z	PROPN
fbem-9143	185	6	,	,	PUNCT
fbem-9143	185	7	wang	wang	PROPN
fbem-9143	185	8	h	h	PROPN
fbem-9143	185	9	j	j	PROPN
fbem-9143	185	10	,	,	PUNCT
fbem-9143	185	11	dai	dai	PROPN
fbem-9143	185	12	j	j	PROPN
fbem-9143	185	13	,	,	PUNCT
fbem-9143	185	14	et	et	PROPN
fbem-9143	185	15	al	al	PROPN
fbem-9143	185	16	.	.	PUNCT
fbem-9143	186	1	deregulation	deregulation	NOUN
fbem-9143	186	2	of	of	ADP
fbem-9143	186	3	interest	interest	NOUN
fbem-9143	186	4	rates	rate	NOUN
fbem-9143	186	5	,	,	PUNCT
fbem-9143	186	6	equalization	equalization	NOUN
fbem-9143	186	7	of	of	ADP
fbem-9143	186	8	profit	profit	NOUN
fbem-9143	186	9	margins	margin	NOUN
fbem-9143	186	10	and	and	CCONJ
fbem-9143	186	11	"	"	PUNCT
fbem-9143	186	12	disenchantment	disenchantment	NOUN
fbem-9143	186	13	from	from	ADP
fbem-9143	186	14	real	real	ADJ
fbem-9143	186	15	to	to	ADP
fbem-9143	186	16	virtual	virtual	ADJ
fbem-9143	186	17	"	"	PUNCT
fbem-9143	186	18	of	of	ADP
fbem-9143	186	19	real	real	ADJ
fbem-9143	186	20	enterprises	enterprise	NOUN
fbem-9143	186	21	[	[	X
fbem-9143	186	22	j	j	X
fbem-9143	186	23	]	]	X
fbem-9143	186	24	.	.	PUNCT
fbem-9143	187	1	financial	financial	ADJ
fbem-9143	187	2	research	research	NOUN
fbem-9143	187	3	,	,	PUNCT
fbem-9143	187	4	2019	2019	NUM
fbem-9143	187	5	,	,	PUNCT
fbem-9143	187	6	no.468	no.468	PROPN
fbem-9143	187	7	(	(	PUNCT
fbem-9143	187	8	06	06	NUM
fbem-9143	187	9	):	):	PUNCT
fbem-9143	187	10	20	20	NUM
fbem-9143	187	11	-	-	SYM
fbem-9143	187	12	38	38	NUM
fbem-9143	187	13	.	.	PUNCT
fbem-9143	188	1	[	[	X
fbem-9143	188	2	8	8	NUM
fbem-9143	188	3	]	]	X
fbem-9143	188	4	charles	charles	PROPN
fbem-9143	188	5	a	a	PRON
fbem-9143	188	6	,	,	PUNCT
fbem-9143	188	7	cooper	cooper	PROPN
fbem-9143	188	8	w	w	PROPN
fbem-9143	188	9	w	w	PROPN
fbem-9143	188	10	,	,	PUNCT
fbem-9143	188	11	lewin	lewin	PROPN
fbem-9143	188	12	a	a	PROPN
fbem-9143	188	13	y	y	PROPN
fbem-9143	188	14	,	,	PUNCT
fbem-9143	188	15	et	et	PROPN
fbem-9143	189	1	al	al	PROPN
fbem-9143	189	2	.	.	PROPN
fbem-9143	189	3	productivity	productivity	NOUN
fbem-9143	189	4	developments	development	NOUN
fbem-9143	189	5	in	in	ADP
fbem-9143	189	6	swedish	swedish	ADJ
fbem-9143	189	7	hospitals	hospital	NOUN
fbem-9143	189	8	:	:	PUNCT
fbem-9143	189	9	a	a	DET
fbem-9143	189	10	malmquist	malmquist	ADJ
fbem-9143	189	11	output	output	NOUN
fbem-9143	189	12	index	index	NOUN
fbem-9143	189	13	approach[j].data	approach[j].data	NOUN
fbem-9143	189	14	envelope	envelope	NOUN
fbem-9143	189	15	analysis	analysis	NOUN
fbem-9143	189	16	:	:	PUNCT
fbem-9143	189	17	theory	theory	NOUN
fbem-9143	189	18	,	,	PUNCT
fbem-9143	189	19	methodology	methodology	NOUN
fbem-9143	189	20	,	,	PUNCT
fbem-9143	189	21	and	and	CCONJ
fbem-9143	189	22	applications	application	NOUN
fbem-9143	189	23	,	,	PUNCT
fbem-9143	189	24	1994:253	1994:253	NUM
fbem-9143	189	25	-	-	SYM
fbem-9143	189	26	72	72	NUM
fbem-9143	189	27	.	.	PUNCT
fbem-9143	190	1	[	[	X
fbem-9143	190	2	9	9	NUM
fbem-9143	190	3	]	]	X
fbem-9143	190	4	estache	estache	NOUN
fbem-9143	190	5	a	a	X
fbem-9143	190	6	,	,	PUNCT
fbem-9143	190	7	de	de	X
fbem-9143	190	8	la	la	X
fbem-9143	190	9	fe	fe	PROPN
fbem-9143	190	10	b	b	PROPN
fbem-9143	190	11	t	t	PROPN
fbem-9143	190	12	,	,	PUNCT
fbem-9143	190	13	trujillo	trujillo	PROPN
fbem-9143	190	14	l.	l.	PROPN
fbem-9143	190	15	sources	source	NOUN
fbem-9143	190	16	of	of	ADP
fbem-9143	190	17	efficiency	efficiency	NOUN
fbem-9143	190	18	gains	gain	NOUN
fbem-9143	190	19	in	in	ADP
fbem-9143	190	20	port	port	NOUN
fbem-9143	190	21	reform	reform	NOUN
fbem-9143	190	22	:	:	PUNCT
fbem-9143	190	23	a	a	DET
fbem-9143	190	24	dea	dea	NOUN
fbem-9143	190	25	decomposition	decomposition	NOUN
fbem-9143	190	26	of	of	ADP
fbem-9143	190	27	a	a	DET
fbem-9143	190	28	malmquist	malmquist	NOUN
fbem-9143	190	29	tfp	tfp	PROPN
fbem-9143	190	30	index	index	NOUN
fbem-9143	190	31	for	for	ADP
fbem-9143	190	32	mexico[j].utilities	mexico[j].utilitie	NOUN
fbem-9143	190	33	policy	policy	NOUN
fbem-9143	190	34	,	,	PUNCT
fbem-9143	190	35	2004,12	2004,12	NUM
fbem-9143	190	36	(	(	PUNCT
fbem-9143	190	37	4	4	NUM
fbem-9143	190	38	):	):	PUNCT
fbem-9143	190	39	221	221	NUM
fbem-9143	190	40	-	-	SYM
fbem-9143	190	41	30	30	NUM
fbem-9143	190	42	.	.	PUNCT
fbem-9143	191	1	[	[	X
fbem-9143	191	2	10	10	NUM
fbem-9143	191	3	]	]	X
fbem-9143	191	4	sun	sun	NOUN
fbem-9143	191	5	a	a	DET
fbem-9143	191	6	j	j	PROPN
fbem-9143	191	7	,	,	PUNCT
fbem-9143	191	8	jiang	jiang	PROPN
fbem-9143	191	9	y	y	PROPN
fbem-9143	191	10	,	,	PUNCT
fbem-9143	191	11	fang	fang	X
fbem-9143	191	12	x	x	SYM
fbem-9143	191	13	m.	m.	NOUN
fbem-9143	191	14	comparison	comparison	NOUN
fbem-9143	191	15	of	of	ADP
fbem-9143	191	16	efficiency	efficiency	NOUN
fbem-9143	191	17	of	of	ADP
fbem-9143	191	18	financial	financial	ADJ
fbem-9143	191	19	support	support	NOUN
fbem-9143	191	20	for	for	ADP
fbem-9143	191	21	economic	economic	ADJ
fbem-9143	191	22	development	development	NOUN
fbem-9143	191	23	-analysis	-analysis	NOUN
fbem-9143	191	24	based	base	VERB
fbem-9143	191	25	on	on	ADP
fbem-9143	191	26	dea	dea	PROPN
fbem-9143	191	27	malmquist	malmquist	PROPN
fbem-9143	191	28	index	index	PROPN
fbem-9143	191	29	method	method	NOUN
fbem-9143	191	30	[	[	X
fbem-9143	191	31	j	j	X
fbem-9143	191	32	]	]	X
fbem-9143	191	33	.	.	PUNCT
fbem-9143	192	1	journal	journal	PROPN
fbem-9143	192	2	of	of	ADP
fbem-9143	192	3	central	central	PROPN
fbem-9143	192	4	university	university	PROPN
fbem-9143	192	5	of	of	ADP
fbem-9143	192	6	finance	finance	NOUN
fbem-9143	192	7	and	and	CCONJ
fbem-9143	192	8	economics	economic	NOUN
fbem-9143	192	9	,	,	PUNCT
fbem-9143	192	10	2011	2011	NUM
fbem-9143	192	11	,	,	PUNCT
fbem-9143	192	12	(	(	PUNCT
fbem-9143	192	13	11	11	NUM
fbem-9143	192	14	):	):	PUNCT
fbem-9143	192	15	34	34	NUM
fbem-9143	192	16	-	-	SYM
fbem-9143	192	17	9	9	NUM
fbem-9143	192	18	.	.	PUNCT
fbem-9143	193	1	[	[	X
fbem-9143	193	2	11	11	NUM
fbem-9143	193	3	]	]	PUNCT
fbem-9143	193	4	pan	pan	NOUN
fbem-9143	193	5	h	h	PROPN
fbem-9143	193	6	f	f	PROPN
fbem-9143	193	7	,	,	PUNCT
fbem-9143	193	8	cheng	cheng	PROPN
fbem-9143	193	9	w	w	PROPN
fbem-9143	193	10	,	,	PUNCT
fbem-9143	193	11	zhang	zhang	PROPN
fbem-9143	193	12	d	d	PROPN
fbem-9143	193	13	s.	s.	PROPN
fbem-9143	193	14	efficiency	efficiency	PROPN
fbem-9143	193	15	measurement	measurement	NOUN
fbem-9143	193	16	and	and	CCONJ
fbem-9143	193	17	spatial	spatial	ADJ
fbem-9143	193	18	effect	effect	NOUN
fbem-9143	193	19	analysis	analysis	NOUN
fbem-9143	193	20	of	of	ADP
fbem-9143	193	21	financial	financial	ADJ
fbem-9143	193	22	support	support	NOUN
fbem-9143	193	23	for	for	ADP
fbem-9143	193	24	real	real	ADJ
fbem-9143	193	25	economy	economy	NOUN
fbem-9143	193	26	development	development	NOUN
fbem-9143	194	1	[	[	X
fbem-9143	194	2	j	j	X
fbem-9143	194	3	]	]	X
fbem-9143	194	4	.	.	PUNCT
fbem-9143	195	1	statistics	statistic	NOUN
fbem-9143	195	2	and	and	CCONJ
fbem-9143	195	3	decision	decision	NOUN
fbem-9143	195	4	making	making	NOUN
fbem-9143	195	5	,	,	PUNCT
fbem-9143	195	6	2022,38	2022,38	NUM
fbem-9143	195	7	(	(	PUNCT
fbem-9143	195	8	08	08	NUM
fbem-9143	195	9	):	):	PUNCT
fbem-9143	195	10	139	139	NUM
fbem-9143	195	11	-	-	SYM
fbem-9143	195	12	43	43	NUM
fbem-9143	195	13	.	.	PUNCT
fbem-9143	196	1	[	[	X
fbem-9143	196	2	12	12	NUM
fbem-9143	196	3	]	]	PUNCT
fbem-9143	196	4	xu	xu	PROPN
fbem-9143	196	5	g	g	PROPN
fbem-9143	196	6	h	h	PROPN
fbem-9143	196	7	,	,	PUNCT
fbem-9143	196	8	peng	peng	PROPN
fbem-9143	196	9	j	j	PROPN
fbem-9143	196	10	h	h	PROPN
fbem-9143	196	11	,	,	PUNCT
fbem-9143	196	12	dai	dai	PROPN
fbem-9143	196	13	w.	w.	PROPN
fbem-9143	196	14	housing	housing	PROPN
fbem-9143	196	15	price	price	NOUN
fbem-9143	196	16	fluctuation	fluctuation	NOUN
fbem-9143	196	17	,	,	PUNCT
fbem-9143	196	18	crowding	crowd	VERB
fbem-9143	196	19	out	out	ADP
fbem-9143	196	20	effect	effect	NOUN
fbem-9143	196	21	and	and	CCONJ
fbem-9143	196	22	the	the	DET
fbem-9143	196	23	efficiency	efficiency	NOUN
fbem-9143	196	24	of	of	ADP
fbem-9143	196	25	financial	financial	ADJ
fbem-9143	196	26	support	support	NOUN
fbem-9143	196	27	for	for	ADP
fbem-9143	196	28	the	the	DET
fbem-9143	196	29	real	real	ADJ
fbem-9143	196	30	economy	economy	NOUN
fbem-9143	196	31	-an	-an	ADP
fbem-9143	196	32	analysis	analysis	NOUN
fbem-9143	196	33	based	base	VERB
fbem-9143	196	34	on	on	ADP
fbem-9143	196	35	the	the	DET
fbem-9143	196	36	provincial	provincial	ADJ
fbem-9143	196	37	spatial	spatial	ADJ
fbem-9143	196	38	panel	panel	NOUN
fbem-9143	196	39	[	[	X
fbem-9143	196	40	j	j	X
fbem-9143	196	41	]	]	X
fbem-9143	196	42	.	.	PUNCT
fbem-9143	197	1	financial	financial	ADJ
fbem-9143	197	2	science	science	NOUN
fbem-9143	197	3	,	,	PUNCT
fbem-9143	197	4	2017	2017	NUM
fbem-9143	197	5	,	,	PUNCT
fbem-9143	197	6	(	(	PUNCT
fbem-9143	197	7	08	08	NUM
fbem-9143	197	8	):	):	PUNCT
fbem-9143	197	9	23	23	NUM
fbem-9143	197	10	-	-	SYM
fbem-9143	197	11	37	37	NUM
fbem-9143	197	12	.	.	PUNCT
fbem-9143	198	1	[	[	X
fbem-9143	198	2	13	13	NUM
fbem-9143	198	3	]	]	SYM
fbem-9143	198	4	seifalah	seifalah	PROPN
fbem-9143	198	5	s	s	PROPN
fbem-9143	198	6	,	,	PUNCT
fbem-9143	198	7	mohammed	mohammed	PROPN
fbem-9143	198	8	g.	g.	PROPN
fbem-9143	198	9	financial	financial	PROPN
fbem-9143	198	10	development	development	PROPN
fbem-9143	198	11	,	,	PUNCT
fbem-9143	198	12	ict	ict	NOUN
fbem-9143	198	13	diffusion	diffusion	NOUN
fbem-9143	198	14	and	and	CCONJ
fbem-9143	198	15	economic	economic	ADJ
fbem-9143	198	16	growth	growth	NOUN
fbem-9143	198	17	:	:	PUNCT
fbem-9143	198	18	lessons	lesson	NOUN
fbem-9143	198	19	from	from	ADP
fbem-9143	198	20	mena	mena	PROPN
fbem-9143	198	21	region	region	PROPN
fbem-9143	198	22	financial	financial	PROPN
fbem-9143	198	23	development	development	PROPN
fbem-9143	198	24	,	,	PUNCT
fbem-9143	198	25	ict	ict	NOUN
fbem-9143	198	26	diffusion	diffusion	NOUN
fbem-9143	198	27	and	and	CCONJ
fbem-9143	198	28	economic	economic	ADJ
fbem-9143	198	29	growth[j	growth[j	PROPN
fbem-9143	198	30	]	]	PUNCT
fbem-9143	198	31	telecommunications	telecommunications	NOUN
fbem-9143	198	32	policy	policy	NOUN
fbem-9143	198	33	,	,	PUNCT
fbem-9143	198	34	2013,37	2013,37	NUM
fbem-9143	198	35	(	(	PUNCT
fbem-9143	198	36	2013	2013	NUM
fbem-9143	198	37	):	):	PUNCT
fbem-9143	198	38	252	252	NUM
fbem-9143	198	39	-	-	SYM
fbem-9143	198	40	61	61	NUM
fbem-9143	198	41	.	.	PUNCT
fbem-9143	199	1	[	[	X
fbem-9143	199	2	14	14	NUM
fbem-9143	199	3	]	]	X
fbem-9143	199	4	liu	liu	PROPN
fbem-9143	199	5	t	t	PROPN
fbem-9143	199	6	,	,	PUNCT
fbem-9143	199	7	hu	hu	PROPN
fbem-9143	199	8	m	m	PROPN
fbem-9143	199	9	,	,	PUNCT
fbem-9143	199	10	elahi	elahi	PROPN
fbem-9143	199	11	e	e	PROPN
fbem-9143	199	12	,	,	PUNCT
fbem-9143	199	13	et	et	PROPN
fbem-9143	199	14	al	al	PROPN
fbem-9143	199	15	.	.	PROPN
fbem-9143	199	16	does	do	AUX
fbem-9143	199	17	digital	digital	ADJ
fbem-9143	199	18	finance	finance	NOUN
fbem-9143	199	19	affect	affect	VERB
fbem-9143	199	20	the	the	DET
fbem-9143	199	21	quality	quality	NOUN
fbem-9143	199	22	of	of	ADP
fbem-9143	199	23	economic	economic	ADJ
fbem-9143	199	24	growth	growth	NOUN
fbem-9143	199	25	?	?	PUNCT
fbem-9143	200	1	analysis	analysis	NOUN
fbem-9143	200	2	based	base	VERB
fbem-9143	200	3	on	on	ADP
fbem-9143	200	4	chinese	chinese	ADJ
fbem-9143	200	5	city	city	NOUN
fbem-9143	200	6	data[j].frontiers	data[j].frontier	NOUN
fbem-9143	200	7	in	in	ADP
fbem-9143	200	8	environmental	environmental	ADJ
fbem-9143	200	9	science	science	NOUN
fbem-9143	200	10	,	,	PUNCT
fbem-9143	200	11	2022:1330	2022:1330	NUM
fbem-9143	200	12	.	.	PUNCT
fbem-9143	201	1	[	[	X
fbem-9143	201	2	15	15	NUM
fbem-9143	201	3	]	]	X
fbem-9143	201	4	zhang	zhang	PROPN
fbem-9143	201	5	x	x	PROPN
fbem-9143	201	6	,	,	PUNCT
fbem-9143	201	7	wan	wan	PROPN
fbem-9143	201	8	g	g	PROPN
fbem-9143	201	9	h	h	PROPN
fbem-9143	201	10	,	,	PUNCT
fbem-9143	201	11	zhang	zhang	PROPN
fbem-9143	201	12	j	j	PROPN
fbem-9143	201	13	j	j	PROPN
fbem-9143	201	14	,	,	PUNCT
fbem-9143	201	15	et	et	PROPN
fbem-9143	201	16	al	al	PROPN
fbem-9143	201	17	.	.	PUNCT
fbem-9143	202	1	digital	digital	ADJ
fbem-9143	202	2	economy	economy	NOUN
fbem-9143	202	3	,	,	PUNCT
fbem-9143	202	4	inclusive	inclusive	ADJ
fbem-9143	202	5	finance	finance	NOUN
fbem-9143	202	6	and	and	CCONJ
fbem-9143	202	7	inclusive	inclusive	ADJ
fbem-9143	202	8	growth	growth	NOUN
fbem-9143	203	1	[	[	X
fbem-9143	203	2	j	j	X
fbem-9143	203	3	]	]	X
fbem-9143	203	4	.	.	PUNCT
fbem-9143	204	1	economic	economic	ADJ
fbem-9143	204	2	research	research	NOUN
fbem-9143	204	3	,	,	PUNCT
fbem-9143	204	4	2019,54	2019,54	NUM
fbem-9143	204	5	(	(	PUNCT
fbem-9143	204	6	08	08	NUM
fbem-9143	204	7	):	):	PUNCT
fbem-9143	204	8	71	71	NUM
fbem-9143	204	9	-	-	SYM
fbem-9143	204	10	86	86	NUM
fbem-9143	204	11	.	.	PUNCT
fbem-9143	205	1	[	[	X
fbem-9143	205	2	16	16	X
fbem-9143	205	3	]	]	X
fbem-9143	205	4	zhao	zhao	PROPN
fbem-9143	205	5	y	y	PROPN
fbem-9143	205	6	x	x	PROPN
fbem-9143	205	7	,	,	PUNCT
fbem-9143	205	8	wang	wang	PROPN
fbem-9143	205	9	x	x	PROPN
fbem-9143	205	10	h.	h.	PROPN
fbem-9143	205	11	digital	digital	PROPN
fbem-9143	205	12	finance	finance	NOUN
fbem-9143	205	13	,	,	PUNCT
fbem-9143	205	14	household	household	NOUN
fbem-9143	205	15	relative	relative	ADJ
fbem-9143	205	16	income	income	NOUN
fbem-9143	205	17	and	and	CCONJ
fbem-9143	205	18	vulnerability	vulnerability	NOUN
fbem-9143	205	19	-also	-also	NOUN
fbem-9143	205	20	on	on	ADP
fbem-9143	205	21	the	the	DET
fbem-9143	205	22	impact	impact	NOUN
fbem-9143	205	23	of	of	ADP
fbem-9143	205	24	multidimensional	multidimensional	ADJ
fbem-9143	205	25	"	"	PUNCT
fbem-9143	205	26	gap	gap	NOUN
fbem-9143	205	27	"	"	PUNCT
fbem-9143	206	1	[	[	X
fbem-9143	206	2	j	j	X
fbem-9143	206	3	]	]	X
fbem-9143	206	4	.	.	PUNCT
fbem-9143	207	1	financial	financial	ADJ
fbem-9143	207	2	research	research	NOUN
fbem-9143	207	3	,	,	PUNCT
fbem-9143	207	4	2022	2022	NUM
fbem-9143	207	5	,	,	PUNCT
fbem-9143	207	6	(	(	PUNCT
fbem-9143	207	7	10	10	NUM
fbem-9143	207	8	):	):	PUNCT
fbem-9143	207	9	7797	7797	NUM
fbem-9143	207	10	.	.	PUNCT
fbem-9143	208	1	[	[	X
fbem-9143	208	2	17	17	NUM
fbem-9143	208	3	]	]	X
fbem-9143	208	4	yi	yi	PROPN
fbem-9143	208	5	j	j	PROPN
fbem-9143	208	6	,	,	PUNCT
fbem-9143	208	7	zhou	zhou	PROPN
fbem-9143	208	8	l.	l.	PROPN
fbem-9143	208	9	whether	whether	SCONJ
fbem-9143	208	10	the	the	DET
fbem-9143	208	11	development	development	NOUN
fbem-9143	208	12	of	of	ADP
fbem-9143	208	13	digital	digital	ADJ
fbem-9143	208	14	inclusive	inclusive	ADJ
fbem-9143	208	15	finance	finance	NOUN
fbem-9143	208	16	has	have	AUX
fbem-9143	208	17	significantly	significantly	ADV
fbem-9143	208	18	affected	affect	VERB
fbem-9143	208	19	household	household	NOUN
fbem-9143	208	20	consumption	consumption	NOUN
fbem-9143	208	21	-	-	PUNCT
fbem-9143	208	22	micro	micro	NOUN
fbem-9143	208	23	evidence	evidence	NOUN
fbem-9143	208	24	from	from	ADP
fbem-9143	208	25	chinese	chinese	ADJ
fbem-9143	208	26	households	household	NOUN
fbem-9143	209	1	[	[	X
fbem-9143	209	2	j	j	X
fbem-9143	209	3	]	]	X
fbem-9143	209	4	.	.	PUNCT
fbem-9143	210	1	financial	financial	ADJ
fbem-9143	210	2	research	research	NOUN
fbem-9143	210	3	,	,	PUNCT
fbem-9143	210	4	2018	2018	NUM
fbem-9143	210	5	,	,	PUNCT
fbem-9143	210	6	(	(	PUNCT
fbem-9143	210	7	11	11	NUM
fbem-9143	210	8	):	):	PUNCT
fbem-9143	210	9	47	47	NUM
fbem-9143	210	10	-	-	SYM
fbem-9143	210	11	67	67	NUM
fbem-9143	210	12	.	.	PUNCT
fbem-9143	211	1	[	[	X
fbem-9143	211	2	18	18	NUM
fbem-9143	211	3	]	]	X
fbem-9143	211	4	feng	feng	PROPN
fbem-9143	211	5	s	s	PROPN
fbem-9143	211	6	,	,	PUNCT
fbem-9143	211	7	zhang	zhang	PROPN
fbem-9143	211	8	r	r	PROPN
fbem-9143	211	9	,	,	PUNCT
fbem-9143	211	10	li	li	PROPN
fbem-9143	211	11	g.	g.	PROPN
fbem-9143	211	12	environmental	environmental	PROPN
fbem-9143	211	13	decentralization	decentralization	PROPN
fbem-9143	211	14	,	,	PUNCT
fbem-9143	211	15	digital	digital	ADJ
fbem-9143	211	16	finance	finance	NOUN
fbem-9143	211	17	and	and	CCONJ
fbem-9143	211	18	green	green	ADJ
fbem-9143	211	19	technology	technology	NOUN
fbem-9143	211	20	innovation[j].structural	innovation[j].structural	ADJ
fbem-9143	211	21	change	change	NOUN
fbem-9143	211	22	and	and	CCONJ
fbem-9143	211	23	economic	economic	ADJ
fbem-9143	211	24	dynamics	dynamic	NOUN
fbem-9143	211	25	,	,	PUNCT
fbem-9143	211	26	2022,61:70	2022,61:70	NUM
fbem-9143	211	27	-	-	SYM
fbem-9143	211	28	83	83	NUM
fbem-9143	211	29	.	.	PUNCT
fbem-9143	212	1	[	[	X
fbem-9143	212	2	19	19	NUM
fbem-9143	212	3	]	]	PUNCT
fbem-9143	212	4	qiao	qiao	PROPN
fbem-9143	212	5	b	b	PROPN
fbem-9143	212	6	,	,	PUNCT
fbem-9143	212	7	zhao	zhao	PROPN
fbem-9143	212	8	g	g	PROPN
fbem-9143	212	9	t	t	PROPN
fbem-9143	212	10	,	,	PUNCT
fbem-9143	212	11	shen	shen	PROPN
fbem-9143	212	12	s	s	PART
fbem-9143	212	13	h.	h.	PROPN
fbem-9143	212	14	can	can	AUX
fbem-9143	212	15	digital	digital	VERB
fbem-9143	212	16	inclusive	inclusive	ADJ
fbem-9143	212	17	finance	finance	NOUN
fbem-9143	212	18	promote	promote	VERB
fbem-9143	212	19	green	green	ADJ
fbem-9143	212	20	innovation	innovation	NOUN
fbem-9143	212	21	of	of	ADP
fbem-9143	212	22	enterprises	enterprise	NOUN
fbem-9143	212	23	?	?	PUNCT
fbem-9143	213	1	[	[	X
fbem-9143	213	2	j	j	X
fbem-9143	213	3	]	]	X
fbem-9143	213	4	southern	southern	ADJ
fbem-9143	213	5	finance	finance	NOUN
fbem-9143	213	6	,	,	PUNCT
fbem-9143	213	7	2022	2022	NUM
fbem-9143	213	8	,	,	PUNCT
fbem-9143	213	9	no.547	no.547	X
fbem-9143	213	10	(	(	PUNCT
fbem-9143	213	11	03	03	NUM
fbem-9143	213	12	):	):	PUNCT
fbem-9143	213	13	14	14	NUM
fbem-9143	213	14	-	-	SYM
fbem-9143	213	15	27	27	NUM
fbem-9143	213	16	.	.	PUNCT
fbem-9143	214	1	[	[	X
fbem-9143	214	2	20	20	NUM
fbem-9143	214	3	]	]	PUNCT
fbem-9143	214	4	xie	xie	PROPN
fbem-9143	214	5	x	x	SYM
fbem-9143	214	6	y	y	PROPN
fbem-9143	214	7	,	,	PUNCT
fbem-9143	214	8	zhu	zhu	PROPN
fbem-9143	214	9	x	x	PUNCT
fbem-9143	214	10	y.	y.	PROPN
fbem-9143	214	11	digital	digital	PROPN
fbem-9143	214	12	finance	finance	PROPN
fbem-9143	214	13	and	and	CCONJ
fbem-9143	214	14	technological	technological	ADJ
fbem-9143	214	15	innovation	innovation	NOUN
fbem-9143	214	16	of	of	ADP
fbem-9143	214	17	smes	sme	NOUN
fbem-9143	214	18	-evidence	-evidence	PROPN
fbem-9143	214	19	from	from	ADP
fbem-9143	214	20	new	new	ADJ
fbem-9143	214	21	third	third	ADJ
fbem-9143	214	22	board	board	NOUN
fbem-9143	214	23	enterprises	enterprise	NOUN
fbem-9143	214	24	[	[	X
fbem-9143	214	25	j	j	X
fbem-9143	214	26	]	]	X
fbem-9143	214	27	.	.	PUNCT
fbem-9143	215	1	international	international	ADJ
fbem-9143	215	2	finance	finance	NOUN
fbem-9143	215	3	research	research	NOUN
fbem-9143	215	4	,	,	PUNCT
fbem-9143	215	5	2021	2021	NUM
fbem-9143	215	6	,	,	PUNCT
fbem-9143	215	7	(	(	PUNCT
fbem-9143	215	8	01	01	NUM
fbem-9143	215	9	):	):	PUNCT
fbem-9143	215	10	87	87	NUM
fbem-9143	215	11	-	-	SYM
fbem-9143	215	12	96	96	NUM
fbem-9143	215	13	.	.	PUNCT
fbem-9143	216	1	[	[	X
fbem-9143	216	2	21	21	NUM
fbem-9143	216	3	]	]	X
fbem-9143	216	4	xu	xu	PROPN
fbem-9143	216	5	w	w	PROPN
fbem-9143	216	6	c	c	PROPN
fbem-9143	216	7	,	,	PUNCT
fbem-9143	216	8	fan	fan	PROPN
fbem-9143	216	9	a	a	DET
fbem-9143	216	10	j.	j.	PROPN
fbem-9143	216	11	digital	digital	PROPN
fbem-9143	216	12	finance	finance	PROPN
fbem-9143	216	13	,	,	PUNCT
fbem-9143	216	14	internal	internal	ADJ
fbem-9143	216	15	driving	driving	NOUN
fbem-9143	216	16	mechanism	mechanism	NOUN
fbem-9143	216	17	and	and	CCONJ
fbem-9143	216	18	real	real	ADJ
fbem-9143	216	19	economic	economic	ADJ
fbem-9143	216	20	growth	growth	NOUN
fbem-9143	216	21	-based	-base	VERB
fbem-9143	216	22	on	on	ADP
fbem-9143	216	23	the	the	DET
fbem-9143	216	24	research	research	NOUN
fbem-9143	216	25	perspective	perspective	NOUN
fbem-9143	216	26	of	of	ADP
fbem-9143	216	27	real	real	ADJ
fbem-9143	216	28	enterprise	enterprise	NOUN
fbem-9143	216	29	financialization	financialization	NOUN
fbem-9143	216	30	[	[	X
fbem-9143	216	31	j	j	X
fbem-9143	216	32	]	]	X
fbem-9143	216	33	.	.	PUNCT
fbem-9143	217	1	journal	journal	PROPN
fbem-9143	217	2	of	of	ADP
fbem-9143	217	3	shanxi	shanxi	PROPN
fbem-9143	217	4	university	university	PROPN
fbem-9143	217	5	of	of	ADP
fbem-9143	217	6	finance	finance	NOUN
fbem-9143	217	7	and	and	CCONJ
fbem-9143	217	8	economics	economic	NOUN
fbem-9143	217	9	,	,	PUNCT
fbem-9143	217	10	2022,44	2022,44	NUM
fbem-9143	217	11	(	(	PUNCT
fbem-9143	217	12	01	01	NUM
fbem-9143	217	13	):	):	PUNCT
fbem-9143	217	14	28	28	NUM
fbem-9143	217	15	-	-	SYM
fbem-9143	217	16	42	42	NUM
fbem-9143	217	17	.	.	PUNCT
fbem-9143	218	1	[	[	X
fbem-9143	218	2	22	22	NUM
fbem-9143	218	3	]	]	X
fbem-9143	218	4	ma	ma	PROPN
fbem-9143	218	5	y	y	PROPN
fbem-9143	218	6	,	,	PUNCT
fbem-9143	218	7	jiang	jiang	PROPN
fbem-9143	218	8	y	y	PROPN
fbem-9143	218	9	q	q	PROPN
fbem-9143	218	10	,	,	PUNCT
fbem-9143	218	11	fu	fu	PROPN
fbem-9143	218	12	l.	l.	PROPN
fbem-9143	218	13	economic	economic	ADJ
fbem-9143	218	14	openness	openness	NOUN
fbem-9143	218	15	,	,	PUNCT
fbem-9143	218	16	financial	financial	ADJ
fbem-9143	218	17	agglomeration	agglomeration	NOUN
fbem-9143	218	18	and	and	CCONJ
fbem-9143	218	19	the	the	DET
fbem-9143	218	20	efficiency	efficiency	NOUN
fbem-9143	218	21	of	of	ADP
fbem-9143	218	22	financial	financial	ADJ
fbem-9143	218	23	support	support	NOUN
fbem-9143	218	24	for	for	ADP
fbem-9143	218	25	the	the	DET
fbem-9143	218	26	real	real	ADJ
fbem-9143	218	27	economy	economy	NOUN
fbem-9143	219	1	[	[	X
fbem-9143	219	2	j	j	X
fbem-9143	219	3	]	]	X
fbem-9143	219	4	.	.	PUNCT
fbem-9143	220	1	international	international	ADJ
fbem-9143	220	2	financial	financial	ADJ
fbem-9143	220	3	research	research	NOUN
fbem-9143	220	4	,	,	PUNCT
fbem-9143	220	5	2021	2021	NUM
fbem-9143	220	6	,	,	PUNCT
fbem-9143	220	7	(	(	PUNCT
fbem-9143	220	8	02	02	NUM
fbem-9143	220	9	):	):	PUNCT
fbem-9143	220	10	3	3	NUM
fbem-9143	220	11	-	-	SYM
fbem-9143	220	12	11	11	NUM
fbem-9143	220	13	[	[	X
fbem-9143	220	14	23	23	NUM
fbem-9143	220	15	]	]	X
fbem-9143	220	16	zhang	zhang	PROPN
fbem-9143	220	17	l	l	PROPN
fbem-9143	220	18	,	,	PUNCT
fbem-9143	220	19	zhang	zhang	PROPN
fbem-9143	220	20	w	w	PROPN
fbem-9143	220	21	k.	k.	PROPN
fbem-9143	220	22	research	research	PROPN
fbem-9143	220	23	on	on	ADP
fbem-9143	220	24	the	the	DET
fbem-9143	220	25	efficiency	efficiency	NOUN
fbem-9143	220	26	and	and	CCONJ
fbem-9143	220	27	influencing	influence	VERB
fbem-9143	220	28	factors	factor	NOUN
fbem-9143	220	29	of	of	ADP
fbem-9143	220	30	real	real	ADJ
fbem-9143	220	31	economic	economic	ADJ
fbem-9143	220	32	growth	growth	NOUN
fbem-9143	220	33	in	in	ADP
fbem-9143	220	34	financial	financial	ADJ
fbem-9143	220	35	services	service	NOUN
fbem-9143	221	1	[	[	X
fbem-9143	221	2	j	j	X
fbem-9143	221	3	]	]	X
fbem-9143	221	4	.	.	PUNCT
fbem-9143	222	1	macro	macro	ADJ
fbem-9143	222	2	quality	quality	NOUN
fbem-9143	222	3	research	research	NOUN
fbem-9143	222	4	,	,	PUNCT
fbem-9143	222	5	2017,5	2017,5	NUM
fbem-9143	222	6	(	(	PUNCT
fbem-9143	222	7	01	01	NUM
fbem-9143	222	8	):	):	PUNCT
fbem-9143	222	9	47	47	NUM
fbem-9143	222	10	-	-	SYM
fbem-9143	222	11	60	60	NUM
fbem-9143	222	12	.	.	PUNCT
fbem-9143	223	1	[	[	X
fbem-9143	223	2	24	24	NUM
fbem-9143	223	3	]	]	X
fbem-9143	223	4	guo	guo	PROPN
fbem-9143	223	5	f	f	PROPN
fbem-9143	223	6	,	,	PUNCT
fbem-9143	223	7	wang	wang	PROPN
fbem-9143	223	8	j	j	PROPN
fbem-9143	223	9	y	y	PROPN
fbem-9143	223	10	,	,	PUNCT
fbem-9143	223	11	wang	wang	PROPN
fbem-9143	223	12	f	f	PROPN
fbem-9143	223	13	,	,	PUNCT
fbem-9143	223	14	et	et	PROPN
fbem-9143	223	15	al	al	PROPN
fbem-9143	223	16	.	.	PROPN
fbem-9143	223	17	measuring	measure	VERB
fbem-9143	223	18	the	the	DET
fbem-9143	223	19	development	development	NOUN
fbem-9143	223	20	of	of	ADP
fbem-9143	223	21	digital	digital	ADJ
fbem-9143	223	22	inclusive	inclusive	ADJ
fbem-9143	223	23	finance	finance	NOUN
fbem-9143	223	24	in	in	ADP
fbem-9143	223	25	china	china	PROPN
fbem-9143	223	26	:	:	PUNCT
fbem-9143	223	27	index	index	NOUN
fbem-9143	223	28	compilation	compilation	NOUN
fbem-9143	223	29	and	and	CCONJ
fbem-9143	223	30	spatial	spatial	ADJ
fbem-9143	223	31	characteristics	characteristic	NOUN
fbem-9143	224	1	[	[	X
fbem-9143	224	2	j	j	X
fbem-9143	224	3	]	]	X
fbem-9143	224	4	.	.	PUNCT
fbem-9143	225	1	economics	economic	NOUN
fbem-9143	225	2	(	(	PUNCT
fbem-9143	225	3	quarterly	quarterly	ADJ
fbem-9143	225	4	)	)	PUNCT
fbem-9143	225	5	,	,	PUNCT
fbem-9143	225	6	2020,19	2020,19	NUM
fbem-9143	225	7	(	(	PUNCT
fbem-9143	225	8	04	04	NUM
fbem-9143	225	9	):	):	PUNCT
fbem-9143	225	10	1401	1401	NUM
fbem-9143	225	11	-	-	SYM
fbem-9143	225	12	18	18	NUM
fbem-9143	225	13	.	.	PUNCT