id	sid	tid	token	lemma	pos
gujaf-425	1	1	microsoft	microsoft	PROPN
gujaf-425	1	2	word	word	NOUN
gujaf-425	1	3	upload	upload	VERB
gujaf-425	1	4	to	to	ADP
gujaf-425	1	5	me	i	PRON
gujaf-425	1	6	hassan	hassan	ADJ
gujaf-425	1	7	gujaf	gujaf	NOUN
gujaf-425	1	8	vol	vol	NOUN
gujaf-425	1	9	6	6	NUM
gujaf-425	1	10	issue	issue	NOUN
gujaf-425	1	11	2	2	NUM
gujaf-425	1	12	april	april	PROPN
gujaf-425	1	13	mr	mr	PROPN
gujaf-425	1	14	hassan	hassan	PROPN
gujaf-425	1	15	2222[1	2222[1	NUM
gujaf-425	1	16	]	]	X
gujaf-425	1	17	gusau	gusau	ADJ
gujaf-425	1	18	journal	journal	NOUN
gujaf-425	1	19	of	of	ADP
gujaf-425	1	20	accounting	accounting	NOUN
gujaf-425	1	21	and	and	CCONJ
gujaf-425	1	22	finance	finance	NOUN
gujaf-425	1	23	,	,	PUNCT
gujaf-425	1	24	vol.6	vol.6	PROPN
gujaf-425	1	25	,	,	PUNCT
gujaf-425	1	26	issue	issue	NOUN
gujaf-425	1	27	2	2	NUM
gujaf-425	1	28	,	,	PUNCT
gujaf-425	1	29	april	april	PROPN
gujaf-425	1	30	,	,	PUNCT
gujaf-425	1	31	2025	2025	NUM
gujaf-425	1	32	207	207	NUM
gujaf-425	1	33	microfinance	microfinance	NOUN
gujaf-425	1	34	activities	activity	NOUN
gujaf-425	1	35	and	and	CCONJ
gujaf-425	1	36	their	their	PRON
gujaf-425	1	37	long	long	ADJ
gujaf-425	1	38	-	-	PUNCT
gujaf-425	1	39	run	run	NOUN
gujaf-425	1	40	impact	impact	NOUN
gujaf-425	1	41	on	on	ADP
gujaf-425	1	42	economic	economic	ADJ
gujaf-425	1	43	growth	growth	NOUN
gujaf-425	1	44	in	in	ADP
gujaf-425	1	45	nigeria	nigeria	PROPN
gujaf-425	1	46	:	:	PUNCT
gujaf-425	1	47	evidence	evidence	NOUN
gujaf-425	1	48	from	from	ADP
gujaf-425	1	49	ardl	ardl	NOUN
gujaf-425	1	50	analysis	analysis	NOUN
gujaf-425	1	51	(	(	PUNCT
gujaf-425	1	52	1993	1993	NUM
gujaf-425	1	53	-	-	SYM
gujaf-425	1	54	2023	2023	NUM
gujaf-425	1	55	)	)	PUNCT
gujaf-425	1	56	biliqeesayoola	biliqeesayoola	PROPN
gujaf-425	1	57	abdulmumin	abdulmumin	PROPN
gujaf-425	1	58	,	,	PUNCT
gujaf-425	1	59	phd	phd	NOUN
gujaf-425	1	60	departmentoffinance	departmentoffinance	PROPN
gujaf-425	1	61	,	,	PUNCT
gujaf-425	1	62	universityofilorin	universityofilorin	NOUN
gujaf-425	1	63	,	,	PUNCT
gujaf-425	1	64	ilorin	ilorin	NOUN
gujaf-425	1	65	,	,	PUNCT
gujaf-425	1	66	nigeria	nigeria	PROPN
gujaf-425	1	67	abdulmumin.ba@unilorin.edu.ng	abdulmumin.ba@unilorin.edu.ng	ADV
gujaf-425	1	68	https://doi.org/10.57233/gujaf.v6i2.14	https://doi.org/10.57233/gujaf.v6i2.14	PROPN
gujaf-425	1	69	abstract	abstract	ADJ
gujaf-425	1	70	microfinance	microfinance	NOUN
gujaf-425	1	71	has	have	AUX
gujaf-425	1	72	been	be	AUX
gujaf-425	1	73	globally	globally	ADV
gujaf-425	1	74	recognized	recognize	VERB
gujaf-425	1	75	as	as	ADP
gujaf-425	1	76	a	a	DET
gujaf-425	1	77	catalyst	catalyst	NOUN
gujaf-425	1	78	for	for	ADP
gujaf-425	1	79	economic	economic	ADJ
gujaf-425	1	80	growth	growth	NOUN
gujaf-425	1	81	,	,	PUNCT
gujaf-425	1	82	especially	especially	ADV
gujaf-425	1	83	in	in	ADP
gujaf-425	1	84	developing	develop	VERB
gujaf-425	1	85	economies	economy	NOUN
gujaf-425	1	86	such	such	ADJ
gujaf-425	1	87	as	as	ADP
gujaf-425	1	88	nigeria	nigeria	PROPN
gujaf-425	1	89	.	.	PUNCT
gujaf-425	2	1	despite	despite	SCONJ
gujaf-425	2	2	various	various	ADJ
gujaf-425	2	3	efforts	effort	NOUN
gujaf-425	2	4	to	to	PART
gujaf-425	2	5	improve	improve	VERB
gujaf-425	2	6	access	access	NOUN
gujaf-425	2	7	to	to	ADP
gujaf-425	2	8	finance	finance	NOUN
gujaf-425	2	9	,	,	PUNCT
gujaf-425	2	10	many	many	ADJ
gujaf-425	2	11	low	low	ADJ
gujaf-425	2	12	-	-	PUNCT
gujaf-425	2	13	income	income	NOUN
gujaf-425	2	14	individuals	individual	NOUN
gujaf-425	2	15	and	and	CCONJ
gujaf-425	2	16	small	small	ADJ
gujaf-425	2	17	enterprises	enterprise	NOUN
gujaf-425	2	18	remain	remain	AUX
gujaf-425	2	19	excluded	exclude	VERB
gujaf-425	2	20	from	from	ADP
gujaf-425	2	21	the	the	DET
gujaf-425	2	22	formal	formal	ADJ
gujaf-425	2	23	financial	financial	ADJ
gujaf-425	2	24	system	system	NOUN
gujaf-425	2	25	.	.	PUNCT
gujaf-425	3	1	examines	examine	VERB
gujaf-425	3	2	the	the	DET
gujaf-425	3	3	effect	effect	NOUN
gujaf-425	3	4	of	of	ADP
gujaf-425	3	5	microfinance	microfinance	NOUN
gujaf-425	3	6	activities	activity	NOUN
gujaf-425	3	7	savings	saving	NOUN
gujaf-425	3	8	,	,	PUNCT
gujaf-425	3	9	lending	lending	NOUN
gujaf-425	3	10	,	,	PUNCT
gujaf-425	3	11	and	and	CCONJ
gujaf-425	3	12	investment	investment	NOUN
gujaf-425	3	13	on	on	ADP
gujaf-425	3	14	nigeria	nigeria	PROPN
gujaf-425	3	15	's	's	PART
gujaf-425	3	16	economic	economic	ADJ
gujaf-425	3	17	growth	growth	NOUN
gujaf-425	3	18	between	between	ADP
gujaf-425	3	19	1993	1993	NUM
gujaf-425	3	20	and	and	CCONJ
gujaf-425	3	21	2023	2023	NUM
gujaf-425	3	22	,	,	PUNCT
gujaf-425	3	23	using	use	VERB
gujaf-425	3	24	secondary	secondary	ADJ
gujaf-425	3	25	data	datum	NOUN
gujaf-425	3	26	from	from	ADP
gujaf-425	3	27	the	the	DET
gujaf-425	3	28	central	central	ADJ
gujaf-425	3	29	bank	bank	PROPN
gujaf-425	3	30	of	of	ADP
gujaf-425	3	31	nigeria	nigeria	PROPN
gujaf-425	3	32	.	.	PUNCT
gujaf-425	4	1	the	the	DET
gujaf-425	4	2	study	study	NOUN
gujaf-425	4	3	employed	employ	VERB
gujaf-425	4	4	the	the	DET
gujaf-425	4	5	autoregressive	autoregressive	ADJ
gujaf-425	4	6	distributed	distribute	VERB
gujaf-425	4	7	lag	lag	NOUN
gujaf-425	4	8	(	(	PUNCT
gujaf-425	4	9	ardl	ardl	NOUN
gujaf-425	4	10	)	)	PUNCT
gujaf-425	4	11	model	model	NOUN
gujaf-425	4	12	for	for	ADP
gujaf-425	4	13	the	the	DET
gujaf-425	4	14	data	datum	NOUN
gujaf-425	4	15	analysis	analysis	NOUN
gujaf-425	4	16	,	,	PUNCT
gujaf-425	4	17	the	the	DET
gujaf-425	4	18	findings	finding	NOUN
gujaf-425	4	19	show	show	VERB
gujaf-425	4	20	that	that	SCONJ
gujaf-425	4	21	microfinance	microfinance	NOUN
gujaf-425	4	22	savings	saving	NOUN
gujaf-425	4	23	significantly	significantly	ADV
gujaf-425	4	24	boost	boost	VERB
gujaf-425	4	25	gdp	gdp	NOUN
gujaf-425	4	26	in	in	ADP
gujaf-425	4	27	the	the	DET
gujaf-425	4	28	long	long	ADJ
gujaf-425	4	29	run	run	NOUN
gujaf-425	4	30	,	,	PUNCT
gujaf-425	4	31	while	while	SCONJ
gujaf-425	4	32	lending	lending	NOUN
gujaf-425	4	33	and	and	CCONJ
gujaf-425	4	34	investment	investment	NOUN
gujaf-425	4	35	exhibit	exhibit	VERB
gujaf-425	4	36	statistically	statistically	ADV
gujaf-425	4	37	insignificant	insignificant	ADJ
gujaf-425	4	38	effects	effect	NOUN
gujaf-425	4	39	.	.	PUNCT
gujaf-425	5	1	inflation	inflation	NOUN
gujaf-425	5	2	and	and	CCONJ
gujaf-425	5	3	exchange	exchange	NOUN
gujaf-425	5	4	rates	rate	NOUN
gujaf-425	5	5	negatively	negatively	ADV
gujaf-425	5	6	affect	affect	VERB
gujaf-425	5	7	growth	growth	NOUN
gujaf-425	5	8	,	,	PUNCT
gujaf-425	5	9	while	while	SCONJ
gujaf-425	5	10	government	government	NOUN
gujaf-425	5	11	expenditure	expenditure	NOUN
gujaf-425	5	12	has	have	VERB
gujaf-425	5	13	a	a	DET
gujaf-425	5	14	significant	significant	ADJ
gujaf-425	5	15	positive	positive	ADJ
gujaf-425	5	16	influence	influence	NOUN
gujaf-425	5	17	.	.	PUNCT
gujaf-425	6	1	the	the	DET
gujaf-425	6	2	study	study	NOUN
gujaf-425	6	3	recommends	recommend	VERB
gujaf-425	6	4	strengthening	strengthen	VERB
gujaf-425	6	5	savings	saving	NOUN
gujaf-425	6	6	mobilization	mobilization	NOUN
gujaf-425	6	7	,	,	PUNCT
gujaf-425	6	8	improving	improve	VERB
gujaf-425	6	9	credit	credit	NOUN
gujaf-425	6	10	mechanisms	mechanism	NOUN
gujaf-425	6	11	,	,	PUNCT
gujaf-425	6	12	and	and	CCONJ
gujaf-425	6	13	implementing	implement	VERB
gujaf-425	6	14	macroeconomic	macroeconomic	ADJ
gujaf-425	6	15	stabilization	stabilization	NOUN
gujaf-425	6	16	policies	policy	NOUN
gujaf-425	6	17	.	.	PUNCT
gujaf-425	7	1	keywords	keyword	NOUN
gujaf-425	7	2	:	:	PUNCT
gujaf-425	7	3	microfinance	microfinance	NOUN
gujaf-425	7	4	activities	activity	NOUN
gujaf-425	7	5	,	,	PUNCT
gujaf-425	7	6	economic	economic	ADJ
gujaf-425	7	7	growth	growth	NOUN
gujaf-425	7	8	evidence	evidence	NOUN
gujaf-425	7	9	ardl	ardl	NOUN
gujaf-425	7	10	analysis	analysis	NOUN
gujaf-425	7	11	1.0	1.0	NUM
gujaf-425	7	12	introduction	introduction	NOUN
gujaf-425	7	13	microfinance	microfinance	NOUN
gujaf-425	7	14	banking	banking	NOUN
gujaf-425	7	15	plays	play	VERB
gujaf-425	7	16	a	a	DET
gujaf-425	7	17	criticalcontributiontostimulatingeconomicgrowthbyimproving	criticalcontributiontostimulatingeconomicgrowthbyimprove	VERB
gujaf-425	7	18	the	the	DET
gujaf-425	7	19	socio	socio	NOUN
gujaf-425	7	20	-	-	PUNCT
gujaf-425	7	21	economic	economic	ADJ
gujaf-425	7	22	status	status	NOUN
gujaf-425	7	23	of	of	ADP
gujaf-425	7	24	low	low	ADJ
gujaf-425	7	25	-	-	PUNCT
gujaf-425	7	26	income	income	NOUN
gujaf-425	7	27	,	,	PUNCT
gujaf-425	7	28	self	self	NOUN
gujaf-425	7	29	-	-	PUNCT
gujaf-425	7	30	employed	employ	VERB
gujaf-425	7	31	individuals	individual	NOUN
gujaf-425	7	32	such	such	ADJ
gujaf-425	7	33	as	as	ADP
gujaf-425	7	34	traders	trader	NOUN
gujaf-425	7	35	,	,	PUNCT
gujaf-425	7	36	farmers	farmer	NOUN
gujaf-425	7	37	,	,	PUNCT
gujaf-425	7	38	hairdressers	hairdresser	NOUN
gujaf-425	7	39	,	,	PUNCT
gujaf-425	7	40	barbers	barber	NOUN
gujaf-425	7	41	,	,	PUNCT
gujaf-425	7	42	and	and	CCONJ
gujaf-425	7	43	artisans	artisan	NOUN
gujaf-425	7	44	in	in	ADP
gujaf-425	7	45	nigeria	nigeria	PROPN
gujaf-425	7	46	and	and	CCONJ
gujaf-425	7	47	globally	globally	ADV
gujaf-425	7	48	(	(	PUNCT
gujaf-425	7	49	arinzeh	arinzeh	NOUN
gujaf-425	7	50	,	,	PUNCT
gujaf-425	7	51	2022	2022	NUM
gujaf-425	7	52	)	)	PUNCT
gujaf-425	7	53	.	.	PUNCT
gujaf-425	8	1	by	by	ADP
gujaf-425	8	2	providing	provide	VERB
gujaf-425	8	3	access	access	NOUN
gujaf-425	8	4	to	to	ADP
gujaf-425	8	5	financial	financial	ADJ
gujaf-425	8	6	services	service	NOUN
gujaf-425	8	7	,	,	PUNCT
gujaf-425	8	8	microfinance	microfinance	NOUN
gujaf-425	8	9	creates	create	VERB
gujaf-425	8	10	a	a	DET
gujaf-425	8	11	robustfinancialsystemtailoredtomeettheneedsof	robustfinancialsystemtailoredtomeettheneedsof	NOUN
gujaf-425	8	12	the	the	DET
gujaf-425	8	13	impoverished	impoverished	ADJ
gujaf-425	8	14	in	in	ADP
gujaf-425	8	15	an	an	DET
gujaf-425	8	16	effective	effective	ADJ
gujaf-425	8	17	and	and	CCONJ
gujaf-425	8	18	efficient	efficient	ADJ
gujaf-425	8	19	manner	manner	NOUN
gujaf-425	8	20	(	(	PUNCT
gujaf-425	8	21	fowowe	fowowe	NOUN
gujaf-425	8	22	et	et	PROPN
gujaf-425	8	23	al	al	PROPN
gujaf-425	8	24	.	.	PROPN
gujaf-425	8	25	,	,	PUNCT
gujaf-425	8	26	2022	2022	NUM
gujaf-425	8	27	)	)	PUNCT
gujaf-425	8	28	.	.	PUNCT
gujaf-425	9	1	establishing	establish	VERB
gujaf-425	9	2	a	a	DET
gujaf-425	9	3	strong	strong	ADJ
gujaf-425	9	4	financial	financial	ADJ
gujaf-425	9	5	system	system	NOUN
gujaf-425	9	6	is	be	AUX
gujaf-425	9	7	crucial	crucial	ADJ
gujaf-425	9	8	for	for	ADP
gujaf-425	9	9	economic	economic	ADJ
gujaf-425	9	10	advancement	advancement	NOUN
gujaf-425	9	11	,	,	PUNCT
gujaf-425	9	12	particularly	particularly	ADV
gujaf-425	9	13	in	in	ADP
gujaf-425	9	14	developing	develop	VERB
gujaf-425	9	15	nations	nation	NOUN
gujaf-425	9	16	suchasnigeria(sun&chang,2020).evenwithworldwideinitiativesaimedatpromoting	suchasnigeria(sun&chang,2020).evenwithworldwideinitiativesaimedatpromote	VERB
gujaf-425	9	17	economic	economic	ADJ
gujaf-425	9	18	growth	growth	NOUN
gujaf-425	9	19	and	and	CCONJ
gujaf-425	9	20	decreasing	decrease	VERB
gujaf-425	9	21	poverty	poverty	NOUN
gujaf-425	9	22	,	,	PUNCT
gujaf-425	9	23	a	a	DET
gujaf-425	9	24	major	major	ADJ
gujaf-425	9	25	issue	issue	NOUN
gujaf-425	9	26	persists	persist	VERB
gujaf-425	9	27	:	:	PUNCT
gujaf-425	9	28	numerous	numerous	ADJ
gujaf-425	9	29	people	people	NOUN
gujaf-425	9	30	do	do	AUX
gujaf-425	9	31	not	not	PART
gujaf-425	9	32	have	have	VERB
gujaf-425	9	33	access	access	NOUN
gujaf-425	9	34	to	to	ADP
gujaf-425	9	35	formal	formal	ADJ
gujaf-425	9	36	financial	financial	ADJ
gujaf-425	9	37	services	service	NOUN
gujaf-425	9	38	for	for	ADP
gujaf-425	9	39	loans	loan	NOUN
gujaf-425	9	40	and	and	CCONJ
gujaf-425	9	41	savings	saving	NOUN
gujaf-425	9	42	,	,	PUNCT
gujaf-425	9	43	which	which	PRON
gujaf-425	9	44	hinders	hinder	VERB
gujaf-425	9	45	productivity	productivity	NOUN
gujaf-425	9	46	and	and	CCONJ
gujaf-425	9	47	economic	economic	ADJ
gujaf-425	9	48	progress	progress	NOUN
gujaf-425	9	49	(	(	PUNCT
gujaf-425	9	50	morduch	morduch	ADJ
gujaf-425	9	51	,	,	PUNCT
gujaf-425	9	52	2023	2023	NUM
gujaf-425	9	53	)	)	PUNCT
gujaf-425	9	54	.	.	PUNCT
gujaf-425	10	1	microfinance	microfinance	NOUN
gujaf-425	10	2	institutions(mfis)havebecomeanessential	institutions(mfis)havebecomeanessential	ADJ
gujaf-425	10	3	resource	resource	NOUN
gujaf-425	10	4	for	for	ADP
gujaf-425	10	5	bridging	bridge	VERB
gujaf-425	10	6	this	this	DET
gujaf-425	10	7	gap	gap	NOUN
gujaf-425	10	8	by	by	ADP
gujaf-425	10	9	offering	offer	VERB
gujaf-425	10	10	financial	financial	ADJ
gujaf-425	10	11	services	service	NOUN
gujaf-425	10	12	to	to	ADP
gujaf-425	10	13	neglected	neglect	VERB
gujaf-425	10	14	communities	community	NOUN
gujaf-425	10	15	(	(	PUNCT
gujaf-425	10	16	chukwujindum	chukwujindum	PROPN
gujaf-425	10	17	&	&	CCONJ
gujaf-425	10	18	kalu	kalu	PROPN
gujaf-425	10	19	,	,	PUNCT
gujaf-425	10	20	2023	2023	NUM
gujaf-425	10	21	)	)	PUNCT
gujaf-425	10	22	.	.	PUNCT
gujaf-425	11	1	gusau	gusau	PROPN
gujaf-425	11	2	journal	journal	PROPN
gujaf-425	11	3	of	of	ADP
gujaf-425	11	4	accounting	accounting	NOUN
gujaf-425	11	5	and	and	CCONJ
gujaf-425	11	6	finance	finance	NOUN
gujaf-425	11	7	,	,	PUNCT
gujaf-425	11	8	vol.6	vol.6	PROPN
gujaf-425	11	9	,	,	PUNCT
gujaf-425	11	10	issue	issue	NOUN
gujaf-425	11	11	2	2	NUM
gujaf-425	11	12	,	,	PUNCT
gujaf-425	11	13	april	april	PROPN
gujaf-425	11	14	,	,	PUNCT
gujaf-425	11	15	2025	2025	NUM
gujaf-425	11	16	208	208	NUM
gujaf-425	11	17	numerous	numerous	ADJ
gujaf-425	11	18	studies	study	NOUN
gujaf-425	11	19	have	have	AUX
gujaf-425	11	20	examined	examine	VERB
gujaf-425	11	21	how	how	SCONJ
gujaf-425	11	22	microfinance	microfinance	NOUN
gujaf-425	11	23	influences	influence	VERB
gujaf-425	11	24	economic	economic	ADJ
gujaf-425	11	25	growth	growth	NOUN
gujaf-425	11	26	in	in	ADP
gujaf-425	11	27	nigeria	nigeria	PROPN
gujaf-425	11	28	.	.	PUNCT
gujaf-425	12	1	ezeanyeji	ezeanyeji	PROPN
gujaf-425	12	2	et	et	PROPN
gujaf-425	12	3	al	al	PROPN
gujaf-425	12	4	.	.	PROPN
gujaf-425	12	5	(	(	PUNCT
gujaf-425	12	6	2020	2020	NUM
gujaf-425	12	7	)	)	PUNCT
gujaf-425	12	8	,	,	PUNCT
gujaf-425	12	9	for	for	ADP
gujaf-425	12	10	example	example	NOUN
gujaf-425	12	11	,	,	PUNCT
gujaf-425	12	12	assessed	assess	VERB
gujaf-425	12	13	the	the	DET
gujaf-425	12	14	effect	effect	NOUN
gujaf-425	12	15	of	of	ADP
gujaf-425	12	16	microfinance	microfinance	NOUN
gujaf-425	12	17	bank	bank	NOUN
gujaf-425	12	18	lending	lending	NOUN
gujaf-425	12	19	on	on	ADP
gujaf-425	12	20	economic	economic	ADJ
gujaf-425	12	21	growth	growth	NOUN
gujaf-425	12	22	using	use	VERB
gujaf-425	12	23	the	the	DET
gujaf-425	12	24	ardl	ardl	NOUN
gujaf-425	12	25	bounds	bound	NOUN
gujaf-425	12	26	test	test	VERB
gujaf-425	12	27	,	,	PUNCT
gujaf-425	12	28	and	and	CCONJ
gujaf-425	12	29	found	find	VERB
gujaf-425	12	30	that	that	SCONJ
gujaf-425	12	31	microfinance	microfinance	NOUN
gujaf-425	12	32	bank	bank	NOUN
gujaf-425	12	33	loans	loan	NOUN
gujaf-425	12	34	do	do	AUX
gujaf-425	12	35	not	not	PART
gujaf-425	12	36	significantly	significantly	ADV
gujaf-425	12	37	contribute	contribute	VERB
gujaf-425	12	38	to	to	ADP
gujaf-425	12	39	gdp	gdp	NOUN
gujaf-425	12	40	growth	growth	NOUN
gujaf-425	12	41	.	.	PUNCT
gujaf-425	13	1	ochonogor	ochonogor	PROPN
gujaf-425	13	2	(	(	PUNCT
gujaf-425	13	3	2020	2020	NUM
gujaf-425	13	4	)	)	PUNCT
gujaf-425	13	5	used	use	VERB
gujaf-425	13	6	error	error	NOUN
gujaf-425	13	7	correction	correction	NOUN
gujaf-425	13	8	model	model	NOUN
gujaf-425	13	9	and	and	CCONJ
gujaf-425	13	10	ols	ol	NOUN
gujaf-425	13	11	to	to	PART
gujaf-425	13	12	see	see	VERB
gujaf-425	13	13	how	how	SCONJ
gujaf-425	13	14	microfinance	microfinance	NOUN
gujaf-425	13	15	institutions	institution	NOUN
gujaf-425	13	16	affect	affect	VERB
gujaf-425	13	17	economic	economic	ADJ
gujaf-425	13	18	development	development	NOUN
gujaf-425	13	19	in	in	ADP
gujaf-425	13	20	nigeria	nigeria	PROPN
gujaf-425	13	21	.	.	PUNCT
gujaf-425	14	1	the	the	DET
gujaf-425	14	2	study	study	NOUN
gujaf-425	14	3	discovered	discover	VERB
gujaf-425	14	4	a	a	DET
gujaf-425	14	5	positive	positive	ADJ
gujaf-425	14	6	relationship	relationship	NOUN
gujaf-425	14	7	between	between	ADP
gujaf-425	14	8	microfinance	microfinance	NOUN
gujaf-425	14	9	loans	loan	NOUN
gujaf-425	14	10	and	and	CCONJ
gujaf-425	14	11	human	human	ADJ
gujaf-425	14	12	development	development	NOUN
gujaf-425	14	13	,	,	PUNCT
gujaf-425	14	14	suggestingthatmfispromote	suggestingthatmfispromote	VERB
gujaf-425	14	15	economic	economic	ADJ
gujaf-425	14	16	growth	growth	NOUN
gujaf-425	14	17	and	and	CCONJ
gujaf-425	14	18	social	social	ADJ
gujaf-425	14	19	capital	capital	NOUN
gujaf-425	14	20	formation	formation	NOUN
gujaf-425	14	21	.	.	PUNCT
gujaf-425	15	1	furthermore	furthermore	ADV
gujaf-425	15	2	,	,	PUNCT
gujaf-425	15	3	onyeiwuetal.(2020)investigatedhowfinancingforsmesimpactednigeria	onyeiwuetal.(2020)investigatedhowfinancingforsmesimpactednigeria	PROPN
gujaf-425	15	4	’s	’s	PART
gujaf-425	15	5	economic	economic	ADJ
gujaf-425	15	6	growth	growth	NOUN
gujaf-425	15	7	through	through	ADP
gujaf-425	15	8	an	an	DET
gujaf-425	15	9	analysis	analysis	NOUN
gujaf-425	15	10	of	of	ADP
gujaf-425	15	11	timeseries	timeserie	NOUN
gujaf-425	15	12	data	datum	NOUN
gujaf-425	15	13	from	from	ADP
gujaf-425	15	14	1999	1999	NUM
gujaf-425	15	15	to	to	ADP
gujaf-425	15	16	2018.theiranalysis	2018.theiranalysis	PRON
gujaf-425	15	17	,	,	PUNCT
gujaf-425	15	18	basedonordinaryleastsquaresestimation	basedonordinaryleastsquaresestimation	NOUN
gujaf-425	15	19	,	,	PUNCT
gujaf-425	15	20	revealedthatlendingratesand	revealedthatlendingratesand	NOUN
gujaf-425	15	21	gross	gross	ADJ
gujaf-425	15	22	capital	capital	NOUN
gujaf-425	15	23	formation	formation	NOUN
gujaf-425	15	24	reduce	reduce	VERB
gujaf-425	15	25	the	the	DET
gujaf-425	15	26	average	average	ADJ
gujaf-425	15	27	sme	sme	NOUN
gujaf-425	15	28	contribution	contribution	NOUN
gujaf-425	15	29	to	to	ADP
gujaf-425	15	30	gdp	gdp	NOUN
gujaf-425	15	31	(	(	PUNCT
gujaf-425	15	32	asgdp	asgdp	NOUN
gujaf-425	15	33	)	)	PUNCT
gujaf-425	15	34	by	by	ADP
gujaf-425	15	35	7%and5	7%and5	PROPN
gujaf-425	15	36	%	%	NOUN
gujaf-425	15	37	,	,	PUNCT
gujaf-425	15	38	respectively	respectively	ADV
gujaf-425	15	39	,	,	PUNCT
gujaf-425	15	40	while	while	SCONJ
gujaf-425	15	41	electricity	electricity	NOUN
gujaf-425	15	42	distribution	distribution	NOUN
gujaf-425	15	43	increases	increase	VERB
gujaf-425	15	44	asgdp	asgdp	NOUN
gujaf-425	15	45	by	by	ADP
gujaf-425	15	46	4.6	4.6	NUM
gujaf-425	15	47	%	%	NOUN
gujaf-425	15	48	.	.	PUNCT
gujaf-425	16	1	surprisingly	surprisingly	ADV
gujaf-425	16	2	,	,	PUNCT
gujaf-425	16	3	credit	credit	NOUN
gujaf-425	16	4	to	to	ADP
gujaf-425	16	5	smes	sme	NOUN
gujaf-425	16	6	did	do	AUX
gujaf-425	16	7	not	not	PART
gujaf-425	16	8	have	have	AUX
gujaf-425	16	9	expected	expect	VERB
gujaf-425	16	10	significant	significant	ADJ
gujaf-425	16	11	effect	effect	NOUN
gujaf-425	16	12	on	on	ADP
gujaf-425	16	13	growth	growth	NOUN
gujaf-425	16	14	.	.	PUNCT
gujaf-425	17	1	the	the	DET
gujaf-425	17	2	reviewed	review	VERB
gujaf-425	17	3	studies	study	NOUN
gujaf-425	17	4	emphasize	emphasize	VERB
gujaf-425	17	5	the	the	DET
gujaf-425	17	6	crucial	crucial	ADJ
gujaf-425	17	7	function	function	NOUN
gujaf-425	17	8	of	of	ADP
gujaf-425	17	9	microfinance	microfinance	NOUN
gujaf-425	17	10	in	in	ADP
gujaf-425	17	11	economic	economic	ADJ
gujaf-425	17	12	progress	progress	NOUN
gujaf-425	17	13	,	,	PUNCT
gujaf-425	17	14	concentrating	concentrate	VERB
gujaf-425	17	15	on	on	ADP
gujaf-425	17	16	poverty	poverty	NOUN
gujaf-425	17	17	reduction	reduction	NOUN
gujaf-425	17	18	,	,	PUNCT
gujaf-425	17	19	financial	financial	ADJ
gujaf-425	17	20	inclusion	inclusion	NOUN
gujaf-425	17	21	,	,	PUNCT
gujaf-425	17	22	and	and	CCONJ
gujaf-425	17	23	gdp	gdp	NOUN
gujaf-425	17	24	expansion	expansion	NOUN
gujaf-425	17	25	.	.	PUNCT
gujaf-425	18	1	as	as	ADP
gujaf-425	18	2	an	an	DET
gujaf-425	18	3	illustration	illustration	NOUN
gujaf-425	18	4	,	,	PUNCT
gujaf-425	18	5	odeyale	odeyale	NOUN
gujaf-425	18	6	and	and	CCONJ
gujaf-425	18	7	ibrahim	ibrahim	PROPN
gujaf-425	18	8	(	(	PUNCT
gujaf-425	18	9	2024	2024	NUM
gujaf-425	18	10	)	)	PUNCT
gujaf-425	18	11	discovered	discover	VERB
gujaf-425	18	12	favorable	favorable	ADJ
gujaf-425	18	13	connections	connection	NOUN
gujaf-425	18	14	between	between	ADP
gujaf-425	18	15	microfinance	microfinance	NOUN
gujaf-425	18	16	metrics	metric	NOUN
gujaf-425	18	17	,	,	PUNCT
gujaf-425	18	18	including	include	VERB
gujaf-425	18	19	loan	loan	NOUN
gujaf-425	18	20	distributions	distribution	NOUN
gujaf-425	18	21	and	and	CCONJ
gujaf-425	18	22	the	the	DET
gujaf-425	18	23	quantity	quantity	NOUN
gujaf-425	18	24	of	of	ADP
gujaf-425	18	25	microfinance	microfinance	NOUN
gujaf-425	18	26	organizations	organization	NOUN
gujaf-425	18	27	,	,	PUNCT
gujaf-425	18	28	and	and	CCONJ
gujaf-425	18	29	the	the	DET
gujaf-425	18	30	growth	growth	NOUN
gujaf-425	18	31	of	of	ADP
gujaf-425	18	32	nigeria	nigeria	PROPN
gujaf-425	18	33	's	's	PART
gujaf-425	18	34	gdp	gdp	NOUN
gujaf-425	18	35	.	.	PUNCT
gujaf-425	19	1	nevertheless	nevertheless	ADV
gujaf-425	19	2	,	,	PUNCT
gujaf-425	19	3	ananwude	ananwude	VERB
gujaf-425	19	4	&	&	CCONJ
gujaf-425	19	5	lateef	lateef	PROPN
gujaf-425	19	6	(	(	PUNCT
gujaf-425	19	7	2024	2024	NUM
gujaf-425	19	8	)	)	PUNCT
gujaf-425	19	9	uncovered	uncover	VERB
gujaf-425	19	10	no	no	DET
gujaf-425	19	11	notable	notable	ADJ
gujaf-425	19	12	impacts	impact	NOUN
gujaf-425	19	13	of	of	ADP
gujaf-425	19	14	microfinance	microfinance	NOUN
gujaf-425	19	15	bank	bank	NOUN
gujaf-425	19	16	operations	operation	NOUN
gujaf-425	19	17	on	on	ADP
gujaf-425	19	18	the	the	DET
gujaf-425	19	19	human	human	PROPN
gujaf-425	19	20	development	development	PROPN
gujaf-425	19	21	index	index	NOUN
gujaf-425	19	22	(	(	PUNCT
gujaf-425	19	23	hdi	hdi	PROPN
gujaf-425	19	24	)	)	PUNCT
gujaf-425	19	25	of	of	ADP
gujaf-425	19	26	nigeria	nigeria	PROPN
gujaf-425	19	27	.	.	PUNCT
gujaf-425	20	1	in	in	ADP
gujaf-425	20	2	the	the	DET
gujaf-425	20	3	same	same	ADJ
gujaf-425	20	4	vein	vein	NOUN
gujaf-425	20	5	,	,	PUNCT
gujaf-425	20	6	chukwujindum	chukwujindum	PROPN
gujaf-425	20	7	&	&	CCONJ
gujaf-425	20	8	kalu	kalu	PROPN
gujaf-425	20	9	(	(	PUNCT
gujaf-425	20	10	2023	2023	NUM
gujaf-425	20	11	)	)	PUNCT
gujaf-425	20	12	noted	note	VERB
gujaf-425	20	13	that	that	SCONJ
gujaf-425	20	14	although	although	SCONJ
gujaf-425	20	15	microfinance	microfinance	NOUN
gujaf-425	20	16	loans	loan	NOUN
gujaf-425	20	17	had	have	VERB
gujaf-425	20	18	a	a	DET
gujaf-425	20	19	beneficial	beneficial	ADJ
gujaf-425	20	20	effect	effect	NOUN
gujaf-425	20	21	on	on	ADP
gujaf-425	20	22	gdp	gdp	NOUN
gujaf-425	20	23	,	,	PUNCT
gujaf-425	20	24	microfinance	microfinance	NOUN
gujaf-425	20	25	savings	saving	NOUN
gujaf-425	20	26	exhibited	exhibit	VERB
gujaf-425	20	27	a	a	DET
gujaf-425	20	28	detrimental	detrimental	ADJ
gujaf-425	20	29	impact	impact	NOUN
gujaf-425	20	30	,	,	PUNCT
gujaf-425	20	31	suggesting	suggest	VERB
gujaf-425	20	32	diverse	diverse	ADJ
gujaf-425	20	33	results	result	NOUN
gujaf-425	20	34	from	from	ADP
gujaf-425	20	35	various	various	ADJ
gujaf-425	20	36	microfinance	microfinance	NOUN
gujaf-425	20	37	operations	operation	NOUN
gujaf-425	20	38	.	.	PUNCT
gujaf-425	21	1	ali	ali	PROPN
gujaf-425	21	2	(	(	PUNCT
gujaf-425	21	3	2023	2023	NUM
gujaf-425	21	4	)	)	PUNCT
gujaf-425	21	5	also	also	ADV
gujaf-425	21	6	observed	observe	VERB
gujaf-425	21	7	that	that	SCONJ
gujaf-425	21	8	microfinance	microfinance	NOUN
gujaf-425	21	9	significantly	significantly	ADV
gujaf-425	21	10	influenced	influence	VERB
gujaf-425	21	11	economic	economic	ADJ
gujaf-425	21	12	growth	growth	NOUN
gujaf-425	21	13	in	in	ADP
gujaf-425	21	14	rural	rural	ADJ
gujaf-425	21	15	yemen	yemen	PROPN
gujaf-425	21	16	,	,	PUNCT
gujaf-425	21	17	where	where	SCONJ
gujaf-425	21	18	there	there	PRON
gujaf-425	21	19	was	be	VERB
gujaf-425	21	20	a	a	DET
gujaf-425	21	21	lack	lack	NOUN
gujaf-425	21	22	of	of	ADP
gujaf-425	21	23	formal	formal	ADJ
gujaf-425	21	24	financial	financial	ADJ
gujaf-425	21	25	services	service	NOUN
gujaf-425	21	26	.	.	PUNCT
gujaf-425	22	1	however	however	ADV
gujaf-425	22	2	,	,	PUNCT
gujaf-425	22	3	other	other	ADJ
gujaf-425	22	4	studies	study	NOUN
gujaf-425	22	5	highlight	highlight	VERB
gujaf-425	22	6	difficultiesintheexecutionofmicrofinance.otekunrinetal.(2022	difficultiesintheexecutionofmicrofinance.otekunrinetal.(2022	PROPN
gujaf-425	22	7	)	)	PUNCT
gujaf-425	22	8	discovered	discover	VERB
gujaf-425	22	9	that	that	SCONJ
gujaf-425	22	10	microfinance	microfinance	NOUN
gujaf-425	22	11	banks	bank	NOUN
gujaf-425	22	12	had	have	VERB
gujaf-425	22	13	a	a	DET
gujaf-425	22	14	sustainable	sustainable	ADJ
gujaf-425	22	15	yet	yet	ADV
gujaf-425	22	16	restricted	restrict	VERB
gujaf-425	22	17	immediate	immediate	ADJ
gujaf-425	22	18	impact	impact	NOUN
gujaf-425	22	19	on	on	ADP
gujaf-425	22	20	nigeria	nigeria	PROPN
gujaf-425	22	21	's	's	PART
gujaf-425	22	22	economic	economic	ADJ
gujaf-425	22	23	growth	growth	NOUN
gujaf-425	22	24	,	,	PUNCT
gujaf-425	22	25	with	with	ADP
gujaf-425	22	26	microfinance	microfinance	NOUN
gujaf-425	22	27	inadequately	inadequately	ADV
gujaf-425	22	28	tackling	tackle	VERB
gujaf-425	22	29	poverty	poverty	NOUN
gujaf-425	22	30	alleviation	alleviation	NOUN
gujaf-425	22	31	or	or	CCONJ
gujaf-425	22	32	joblessness	joblessness	NOUN
gujaf-425	22	33	in	in	ADP
gujaf-425	22	34	the	the	DET
gujaf-425	22	35	short	short	ADJ
gujaf-425	22	36	term	term	NOUN
gujaf-425	22	37	.	.	PUNCT
gujaf-425	23	1	babalola	babalola	PROPN
gujaf-425	23	2	et	et	PROPN
gujaf-425	23	3	al	al	PROPN
gujaf-425	23	4	.	.	PROPN
gujaf-425	23	5	(	(	PUNCT
gujaf-425	23	6	2023	2023	NUM
gujaf-425	23	7	)	)	PUNCT
gujaf-425	23	8	highlighted	highlight	VERB
gujaf-425	23	9	operational	operational	ADJ
gujaf-425	23	10	inefficiencies	inefficiency	NOUN
gujaf-425	23	11	and	and	CCONJ
gujaf-425	23	12	elevated	elevated	ADJ
gujaf-425	23	13	loan	loan	NOUN
gujaf-425	23	14	defaults	default	NOUN
gujaf-425	23	15	as	as	ADP
gujaf-425	23	16	major	major	ADJ
gujaf-425	23	17	obstacles	obstacle	NOUN
gujaf-425	23	18	to	to	PART
gujaf-425	23	19	microfinance	microfinance	NOUN
gujaf-425	23	20	sustainability	sustainability	NOUN
gujaf-425	23	21	in	in	ADP
gujaf-425	23	22	nigeria	nigeria	PROPN
gujaf-425	23	23	,	,	PUNCT
gujaf-425	23	24	recommending	recommend	VERB
gujaf-425	23	25	capacity	capacity	NOUN
gujaf-425	23	26	-	-	PUNCT
gujaf-425	23	27	building	building	NOUN
gujaf-425	23	28	and	and	CCONJ
gujaf-425	23	29	regulatory	regulatory	ADJ
gujaf-425	23	30	changes	change	NOUN
gujaf-425	23	31	.	.	PUNCT
gujaf-425	24	1	furthermore	furthermore	ADV
gujaf-425	24	2	,	,	PUNCT
gujaf-425	24	3	oteng	oteng	NOUN
gujaf-425	24	4	-	-	PUNCT
gujaf-425	24	5	abayie	abayie	NOUN
gujaf-425	24	6	et	et	PROPN
gujaf-425	24	7	al	al	PROPN
gujaf-425	24	8	.	.	PROPN
gujaf-425	24	9	(	(	PUNCT
gujaf-425	24	10	2022	2022	NUM
gujaf-425	24	11	)	)	PUNCT
gujaf-425	24	12	noted	note	VERB
gujaf-425	24	13	that	that	SCONJ
gujaf-425	24	14	microfinance	microfinance	NOUN
gujaf-425	24	15	diminished	diminish	VERB
gujaf-425	24	16	spatial	spatial	ADJ
gujaf-425	24	17	inequality	inequality	NOUN
gujaf-425	24	18	in	in	ADP
gujaf-425	24	19	ghana	ghana	PROPN
gujaf-425	24	20	,	,	PUNCT
gujaf-425	24	21	although	although	SCONJ
gujaf-425	24	22	differences	difference	NOUN
gujaf-425	24	23	in	in	ADP
gujaf-425	24	24	access	access	NOUN
gujaf-425	24	25	to	to	ADP
gujaf-425	24	26	microfinance	microfinance	NOUN
gujaf-425	24	27	persisted	persist	VERB
gujaf-425	24	28	among	among	ADP
gujaf-425	24	29	districts	district	NOUN
gujaf-425	24	30	.	.	PUNCT
gujaf-425	25	1	despite	despite	SCONJ
gujaf-425	25	2	several	several	ADJ
gujaf-425	25	3	global	global	ADJ
gujaf-425	25	4	and	and	CCONJ
gujaf-425	25	5	national	national	ADJ
gujaf-425	25	6	efforts	effort	NOUN
gujaf-425	25	7	to	to	PART
gujaf-425	25	8	stimulate	stimulate	VERB
gujaf-425	25	9	economic	economic	ADJ
gujaf-425	25	10	growth	growth	NOUN
gujaf-425	25	11	and	and	CCONJ
gujaf-425	25	12	reduce	reduce	VERB
gujaf-425	25	13	poverty	poverty	NOUN
gujaf-425	25	14	,	,	PUNCT
gujaf-425	25	15	a	a	DET
gujaf-425	25	16	large	large	ADJ
gujaf-425	25	17	segment	segment	NOUN
gujaf-425	25	18	of	of	ADP
gujaf-425	25	19	the	the	DET
gujaf-425	25	20	population	population	NOUN
gujaf-425	25	21	in	in	ADP
gujaf-425	25	22	developing	develop	VERB
gujaf-425	25	23	countries	country	NOUN
gujaf-425	25	24	,	,	PUNCT
gujaf-425	25	25	including	include	VERB
gujaf-425	25	26	nigeria	nigeria	PROPN
gujaf-425	25	27	,	,	PUNCT
gujaf-425	25	28	continues	continue	VERB
gujaf-425	25	29	to	to	PART
gujaf-425	25	30	lack	lack	VERB
gujaf-425	25	31	access	access	NOUN
gujaf-425	25	32	to	to	ADP
gujaf-425	25	33	formal	formal	ADJ
gujaf-425	25	34	financial	financial	ADJ
gujaf-425	25	35	services	service	NOUN
gujaf-425	25	36	such	such	ADJ
gujaf-425	25	37	as	as	ADP
gujaf-425	25	38	credit	credit	NOUN
gujaf-425	25	39	,	,	PUNCT
gujaf-425	25	40	savings	saving	NOUN
gujaf-425	25	41	,	,	PUNCT
gujaf-425	25	42	and	and	CCONJ
gujaf-425	25	43	investment	investment	NOUN
gujaf-425	25	44	mechanisms	mechanism	NOUN
gujaf-425	25	45	.	.	PUNCT
gujaf-425	26	1	this	this	DET
gujaf-425	26	2	exclusion	exclusion	NOUN
gujaf-425	26	3	remains	remain	VERB
gujaf-425	26	4	a	a	DET
gujaf-425	26	5	significant	significant	ADJ
gujaf-425	26	6	barrier	barrier	NOUN
gujaf-425	26	7	to	to	ADP
gujaf-425	26	8	increased	increase	VERB
gujaf-425	26	9	productivity	productivity	NOUN
gujaf-425	26	10	,	,	PUNCT
gujaf-425	26	11	job	job	NOUN
gujaf-425	26	12	creation	creation	NOUN
gujaf-425	26	13	,	,	PUNCT
gujaf-425	26	14	and	and	CCONJ
gujaf-425	26	15	inclusive	inclusive	ADJ
gujaf-425	26	16	economic	economic	ADJ
gujaf-425	26	17	development	development	NOUN
gujaf-425	26	18	(	(	PUNCT
gujaf-425	26	19	morduch	morduch	ADJ
gujaf-425	26	20	,	,	PUNCT
gujaf-425	26	21	2023	2023	NUM
gujaf-425	26	22	;	;	PUNCT
gujaf-425	26	23	sun	sun	PROPN
gujaf-425	26	24	&	&	CCONJ
gujaf-425	26	25	chang	chang	PROPN
gujaf-425	26	26	,	,	PUNCT
gujaf-425	26	27	2020	2020	NUM
gujaf-425	26	28	)	)	PUNCT
gujaf-425	26	29	.	.	PUNCT
gujaf-425	27	1	microfinance	microfinance	NOUN
gujaf-425	27	2	institutions	institution	NOUN
gujaf-425	27	3	(	(	PUNCT
gujaf-425	27	4	mfis	mfis	PROPN
gujaf-425	27	5	)	)	PUNCT
gujaf-425	27	6	have	have	AUX
gujaf-425	27	7	emerged	emerge	VERB
gujaf-425	27	8	as	as	ADP
gujaf-425	27	9	key	key	ADJ
gujaf-425	27	10	instruments	instrument	NOUN
gujaf-425	27	11	for	for	ADP
gujaf-425	27	12	addressing	address	VERB
gujaf-425	27	13	this	this	DET
gujaf-425	27	14	challenge	challenge	NOUN
gujaf-425	27	15	by	by	ADP
gujaf-425	27	16	extending	extend	VERB
gujaf-425	27	17	financial	financial	ADJ
gujaf-425	27	18	services	service	NOUN
gujaf-425	27	19	to	to	PART
gujaf-425	27	20	underserved	underserved	ADJ
gujaf-425	27	21	and	and	CCONJ
gujaf-425	27	22	low	low	ADJ
gujaf-425	27	23	-	-	PUNCT
gujaf-425	27	24	income	income	NOUN
gujaf-425	27	25	populations	population	NOUN
gujaf-425	27	26	(	(	PUNCT
gujaf-425	27	27	chukwujindum	chukwujindum	PROPN
gujaf-425	27	28	&	&	CCONJ
gujaf-425	27	29	kalu	kalu	PROPN
gujaf-425	27	30	,	,	PUNCT
gujaf-425	27	31	2023	2023	NUM
gujaf-425	27	32	)	)	PUNCT
gujaf-425	27	33	.	.	PUNCT
gujaf-425	28	1	however	however	ADV
gujaf-425	28	2	,	,	PUNCT
gujaf-425	28	3	the	the	DET
gujaf-425	28	4	effectiveness	effectiveness	NOUN
gujaf-425	28	5	of	of	ADP
gujaf-425	28	6	microfinance	microfinance	NOUN
gujaf-425	28	7	in	in	ADP
gujaf-425	28	8	promoting	promote	VERB
gujaf-425	28	9	sustainable	sustainable	ADJ
gujaf-425	28	10	economic	economic	ADJ
gujaf-425	28	11	growth	growth	NOUN
gujaf-425	28	12	remains	remain	VERB
gujaf-425	28	13	contested	contest	VERB
gujaf-425	28	14	in	in	ADP
gujaf-425	28	15	the	the	DET
gujaf-425	28	16	literature	literature	NOUN
gujaf-425	28	17	.	.	PUNCT
gujaf-425	29	1	empirical	empirical	ADJ
gujaf-425	29	2	studies	study	NOUN
gujaf-425	29	3	reveal	reveal	VERB
gujaf-425	29	4	conflicting	conflicting	ADJ
gujaf-425	29	5	evidence	evidence	NOUN
gujaf-425	29	6	regarding	regard	VERB
gujaf-425	29	7	the	the	DET
gujaf-425	29	8	contribution	contribution	NOUN
gujaf-425	29	9	of	of	ADP
gujaf-425	29	10	microfinance	microfinance	NOUN
gujaf-425	29	11	to	to	ADP
gujaf-425	29	12	nigeria	nigeria	PROPN
gujaf-425	29	13	’s	’s	PART
gujaf-425	29	14	economic	economic	ADJ
gujaf-425	29	15	development	development	NOUN
gujaf-425	29	16	.	.	PUNCT
gujaf-425	30	1	for	for	ADP
gujaf-425	30	2	instance	instance	NOUN
gujaf-425	30	3	,	,	PUNCT
gujaf-425	30	4	while	while	SCONJ
gujaf-425	30	5	ali	ali	X
gujaf-425	30	6	(	(	PUNCT
gujaf-425	30	7	2023	2023	NUM
gujaf-425	30	8	)	)	PUNCT
gujaf-425	30	9	,	,	PUNCT
gujaf-425	30	10	ochonogor	ochonogor	PROPN
gujaf-425	30	11	(	(	PUNCT
gujaf-425	30	12	2020	2020	NUM
gujaf-425	30	13	)	)	PUNCT
gujaf-425	30	14	and	and	CCONJ
gujaf-425	30	15	gusau	gusau	ADJ
gujaf-425	30	16	journal	journal	NOUN
gujaf-425	30	17	of	of	ADP
gujaf-425	30	18	accounting	accounting	NOUN
gujaf-425	30	19	and	and	CCONJ
gujaf-425	30	20	finance	finance	NOUN
gujaf-425	30	21	,	,	PUNCT
gujaf-425	30	22	vol.6	vol.6	PROPN
gujaf-425	30	23	,	,	PUNCT
gujaf-425	30	24	issue	issue	NOUN
gujaf-425	30	25	2	2	NUM
gujaf-425	30	26	,	,	PUNCT
gujaf-425	30	27	april	april	PROPN
gujaf-425	30	28	,	,	PUNCT
gujaf-425	30	29	2025	2025	NUM
gujaf-425	30	30	209	209	NUM
gujaf-425	30	31	odeyale	odeyale	NOUN
gujaf-425	30	32	and	and	CCONJ
gujaf-425	30	33	ibrahim	ibrahim	PROPN
gujaf-425	30	34	(	(	PUNCT
gujaf-425	30	35	2024	2024	NUM
gujaf-425	30	36	)	)	PUNCT
gujaf-425	30	37	found	find	VERB
gujaf-425	30	38	positive	positive	ADJ
gujaf-425	30	39	impacts	impact	NOUN
gujaf-425	30	40	,	,	PUNCT
gujaf-425	30	41	ananwude	ananwude	VERB
gujaf-425	30	42	and	and	CCONJ
gujaf-425	30	43	lateef	lateef	PROPN
gujaf-425	30	44	(	(	PUNCT
gujaf-425	30	45	2024	2024	NUM
gujaf-425	30	46	)	)	PUNCT
gujaf-425	30	47	,	,	PUNCT
gujaf-425	30	48	ezeanyeji	ezeanyeji	PROPN
gujaf-425	30	49	et	et	PROPN
gujaf-425	30	50	al	al	PROPN
gujaf-425	30	51	.	.	PROPN
gujaf-425	31	1	(	(	PUNCT
gujaf-425	31	2	2020	2020	NUM
gujaf-425	31	3	)	)	PUNCT
gujaf-425	31	4	and	and	CCONJ
gujaf-425	31	5	onyeiwu	onyeiwu	ADV
gujaf-425	31	6	et	et	PROPN
gujaf-425	31	7	al	al	PROPN
gujaf-425	31	8	.	.	PROPN
gujaf-425	32	1	(	(	PUNCT
gujaf-425	32	2	2020	2020	NUM
gujaf-425	32	3	)	)	PUNCT
gujaf-425	32	4	reported	report	VERB
gujaf-425	32	5	no	no	DET
gujaf-425	32	6	impact	impact	NOUN
gujaf-425	32	7	.	.	PUNCT
gujaf-425	33	1	moreover	moreover	ADV
gujaf-425	33	2	,	,	PUNCT
gujaf-425	33	3	although	although	SCONJ
gujaf-425	33	4	chukwujindum	chukwujindum	PROPN
gujaf-425	33	5	and	and	CCONJ
gujaf-425	33	6	kalu	kalu	PROPN
gujaf-425	33	7	(	(	PUNCT
gujaf-425	33	8	2023	2023	NUM
gujaf-425	33	9	)	)	PUNCT
gujaf-425	33	10	found	find	VERB
gujaf-425	33	11	a	a	DET
gujaf-425	33	12	negative	negative	ADJ
gujaf-425	33	13	effect	effect	NOUN
gujaf-425	33	14	of	of	ADP
gujaf-425	33	15	micro	micro	NOUN
gujaf-425	33	16	-	-	NOUN
gujaf-425	33	17	savings	saving	NOUN
gujaf-425	33	18	on	on	ADP
gujaf-425	33	19	gdp	gdp	NOUN
gujaf-425	33	20	highlighting	highlight	VERB
gujaf-425	33	21	varied	varied	ADJ
gujaf-425	33	22	outcomes	outcome	NOUN
gujaf-425	33	23	across	across	ADP
gujaf-425	33	24	microfinance	microfinance	NOUN
gujaf-425	33	25	components	component	NOUN
gujaf-425	33	26	.	.	PUNCT
gujaf-425	34	1	in	in	ADP
gujaf-425	34	2	addition	addition	NOUN
gujaf-425	34	3	to	to	ADP
gujaf-425	34	4	mixed	mixed	ADJ
gujaf-425	34	5	empirical	empirical	ADJ
gujaf-425	34	6	findings	finding	NOUN
gujaf-425	34	7	,	,	PUNCT
gujaf-425	34	8	operational	operational	ADJ
gujaf-425	34	9	inefficiencies	inefficiency	NOUN
gujaf-425	34	10	,	,	PUNCT
gujaf-425	34	11	high	high	ADJ
gujaf-425	34	12	loan	loan	NOUN
gujaf-425	34	13	default	default	NOUN
gujaf-425	34	14	rates	rate	NOUN
gujaf-425	34	15	,	,	PUNCT
gujaf-425	34	16	and	and	CCONJ
gujaf-425	34	17	short	short	ADJ
gujaf-425	34	18	-	-	PUNCT
gujaf-425	34	19	term	term	NOUN
gujaf-425	34	20	limitations	limitation	NOUN
gujaf-425	34	21	in	in	ADP
gujaf-425	34	22	addressing	address	VERB
gujaf-425	34	23	poverty	poverty	NOUN
gujaf-425	34	24	and	and	CCONJ
gujaf-425	34	25	unemployment	unemployment	NOUN
gujaf-425	34	26	have	have	AUX
gujaf-425	34	27	also	also	ADV
gujaf-425	34	28	been	be	AUX
gujaf-425	34	29	identified	identify	VERB
gujaf-425	34	30	as	as	ADP
gujaf-425	34	31	major	major	ADJ
gujaf-425	34	32	challenges	challenge	NOUN
gujaf-425	34	33	facing	face	VERB
gujaf-425	34	34	the	the	DET
gujaf-425	34	35	microfinance	microfinance	NOUN
gujaf-425	34	36	sector	sector	NOUN
gujaf-425	34	37	in	in	ADP
gujaf-425	34	38	nigeria	nigeria	PROPN
gujaf-425	34	39	(	(	PUNCT
gujaf-425	34	40	babalola	babalola	PROPN
gujaf-425	34	41	et	et	PROPN
gujaf-425	34	42	al	al	PROPN
gujaf-425	34	43	.	.	PROPN
gujaf-425	34	44	,	,	PUNCT
gujaf-425	34	45	2023	2023	NUM
gujaf-425	34	46	;	;	PUNCT
gujaf-425	34	47	otekunrin	otekunrin	NOUN
gujaf-425	34	48	et	et	PROPN
gujaf-425	34	49	al	al	PROPN
gujaf-425	34	50	.	.	PROPN
gujaf-425	34	51	,	,	PUNCT
gujaf-425	34	52	2022	2022	NUM
gujaf-425	34	53	)	)	PUNCT
gujaf-425	34	54	.	.	PUNCT
gujaf-425	35	1	while	while	SCONJ
gujaf-425	35	2	microfinance	microfinance	NOUN
gujaf-425	35	3	has	have	AUX
gujaf-425	35	4	reduced	reduce	VERB
gujaf-425	35	5	spatial	spatial	ADJ
gujaf-425	35	6	inequality	inequality	NOUN
gujaf-425	35	7	in	in	ADP
gujaf-425	35	8	other	other	ADJ
gujaf-425	35	9	countries	country	NOUN
gujaf-425	35	10	such	such	ADJ
gujaf-425	35	11	as	as	ADP
gujaf-425	35	12	ghana	ghana	PROPN
gujaf-425	35	13	,	,	PUNCT
gujaf-425	35	14	access	access	NOUN
gujaf-425	35	15	disparities	disparity	NOUN
gujaf-425	35	16	still	still	ADV
gujaf-425	35	17	persist	persist	VERB
gujaf-425	35	18	in	in	ADP
gujaf-425	35	19	nigeria	nigeria	PROPN
gujaf-425	35	20	(	(	PUNCT
gujaf-425	35	21	otengabayie	otengabayie	ADV
gujaf-425	35	22	et	et	PROPN
gujaf-425	35	23	al	al	PROPN
gujaf-425	35	24	.	.	PROPN
gujaf-425	35	25	,	,	PUNCT
gujaf-425	35	26	2022	2022	NUM
gujaf-425	35	27	)	)	PUNCT
gujaf-425	35	28	.	.	PUNCT
gujaf-425	36	1	another	another	DET
gujaf-425	36	2	critical	critical	ADJ
gujaf-425	36	3	gap	gap	NOUN
gujaf-425	36	4	in	in	ADP
gujaf-425	36	5	the	the	DET
gujaf-425	36	6	literature	literature	NOUN
gujaf-425	36	7	is	be	AUX
gujaf-425	36	8	the	the	DET
gujaf-425	36	9	lack	lack	NOUN
gujaf-425	36	10	of	of	ADP
gujaf-425	36	11	disaggregated	disaggregate	VERB
gujaf-425	36	12	analysis	analysis	NOUN
gujaf-425	36	13	of	of	ADP
gujaf-425	36	14	microfinance	microfinance	NOUN
gujaf-425	36	15	components	component	NOUN
gujaf-425	36	16	.	.	PUNCT
gujaf-425	37	1	most	most	ADJ
gujaf-425	37	2	existing	exist	VERB
gujaf-425	37	3	studies	study	NOUN
gujaf-425	37	4	treat	treat	VERB
gujaf-425	37	5	microfinance	microfinance	NOUN
gujaf-425	37	6	as	as	ADP
gujaf-425	37	7	a	a	DET
gujaf-425	37	8	homogenous	homogenous	ADJ
gujaf-425	37	9	construct	construct	NOUN
gujaf-425	37	10	without	without	ADP
gujaf-425	37	11	distinguishing	distinguish	VERB
gujaf-425	37	12	the	the	DET
gujaf-425	37	13	specific	specific	ADJ
gujaf-425	37	14	contributions	contribution	NOUN
gujaf-425	37	15	of	of	ADP
gujaf-425	37	16	micro	micro	NOUN
gujaf-425	37	17	-	-	NOUN
gujaf-425	37	18	savings	saving	NOUN
gujaf-425	37	19	,	,	PUNCT
gujaf-425	37	20	micro	micro	NOUN
gujaf-425	37	21	-	-	NOUN
gujaf-425	37	22	lending	lending	ADJ
gujaf-425	37	23	,	,	PUNCT
gujaf-425	37	24	and	and	CCONJ
gujaf-425	37	25	microinvestments	microinvestment	NOUN
gujaf-425	37	26	to	to	ADP
gujaf-425	37	27	economic	economic	ADJ
gujaf-425	37	28	growth	growth	NOUN
gujaf-425	37	29	.	.	PUNCT
gujaf-425	38	1	these	these	PRON
gujaf-425	38	2	limits	limit	VERB
gujaf-425	38	3	understanding	understanding	NOUN
gujaf-425	38	4	of	of	ADP
gujaf-425	38	5	how	how	SCONJ
gujaf-425	38	6	different	different	ADJ
gujaf-425	38	7	microfinance	microfinance	NOUN
gujaf-425	38	8	services	service	NOUN
gujaf-425	38	9	individually	individually	ADV
gujaf-425	38	10	affect	affect	VERB
gujaf-425	38	11	macroeconomic	macroeconomic	ADJ
gujaf-425	38	12	indicators	indicator	NOUN
gujaf-425	38	13	such	such	ADJ
gujaf-425	38	14	as	as	ADP
gujaf-425	38	15	gdp	gdp	NOUN
gujaf-425	38	16	.	.	PUNCT
gujaf-425	39	1	furthermore	furthermore	ADV
gujaf-425	39	2	,	,	PUNCT
gujaf-425	39	3	limited	limited	ADJ
gujaf-425	39	4	attention	attention	NOUN
gujaf-425	39	5	has	have	AUX
gujaf-425	39	6	been	be	AUX
gujaf-425	39	7	given	give	VERB
gujaf-425	39	8	to	to	ADP
gujaf-425	39	9	examining	examine	VERB
gujaf-425	39	10	both	both	DET
gujaf-425	39	11	short	short	ADJ
gujaf-425	39	12	-	-	PUNCT
gujaf-425	39	13	term	term	NOUN
gujaf-425	39	14	and	and	CCONJ
gujaf-425	39	15	long	long	ADJ
gujaf-425	39	16	-	-	PUNCT
gujaf-425	39	17	term	term	NOUN
gujaf-425	39	18	effects	effect	NOUN
gujaf-425	39	19	of	of	ADP
gujaf-425	39	20	these	these	DET
gujaf-425	39	21	services	service	NOUN
gujaf-425	39	22	,	,	PUNCT
gujaf-425	39	23	especially	especially	ADV
gujaf-425	39	24	within	within	ADP
gujaf-425	39	25	the	the	DET
gujaf-425	39	26	nigerian	nigerian	ADJ
gujaf-425	39	27	context	context	NOUN
gujaf-425	39	28	(	(	PUNCT
gujaf-425	39	29	ali	ali	PROPN
gujaf-425	39	30	,	,	PUNCT
gujaf-425	39	31	2023	2023	NUM
gujaf-425	39	32	)	)	PUNCT
gujaf-425	39	33	.	.	PUNCT
gujaf-425	40	1	given	give	VERB
gujaf-425	40	2	these	these	DET
gujaf-425	40	3	issues	issue	NOUN
gujaf-425	40	4	,	,	PUNCT
gujaf-425	40	5	there	there	PRON
gujaf-425	40	6	is	be	VERB
gujaf-425	40	7	a	a	DET
gujaf-425	40	8	pressing	press	VERB
gujaf-425	40	9	need	need	NOUN
gujaf-425	40	10	for	for	ADP
gujaf-425	40	11	research	research	NOUN
gujaf-425	40	12	that	that	PRON
gujaf-425	40	13	investigates	investigate	VERB
gujaf-425	40	14	the	the	DET
gujaf-425	40	15	differentiated	differentiated	ADJ
gujaf-425	40	16	impacts	impact	NOUN
gujaf-425	40	17	of	of	ADP
gujaf-425	40	18	microfinance	microfinance	NOUN
gujaf-425	40	19	components	component	NOUN
gujaf-425	40	20	on	on	ADP
gujaf-425	40	21	economic	economic	ADJ
gujaf-425	40	22	development	development	NOUN
gujaf-425	40	23	in	in	ADP
gujaf-425	40	24	nigeria	nigeria	PROPN
gujaf-425	40	25	.	.	PUNCT
gujaf-425	41	1	by	by	ADP
gujaf-425	41	2	exploring	explore	VERB
gujaf-425	41	3	how	how	SCONJ
gujaf-425	41	4	micro	micro	ADJ
gujaf-425	41	5	-	-	NOUN
gujaf-425	41	6	savings	saving	NOUN
gujaf-425	41	7	,	,	PUNCT
gujaf-425	41	8	micro	micro	NOUN
gujaf-425	41	9	-	-	NOUN
gujaf-425	41	10	lending	lending	ADJ
gujaf-425	41	11	,	,	PUNCT
gujaf-425	41	12	and	and	CCONJ
gujaf-425	41	13	microinvestments	microinvestment	NOUN
gujaf-425	41	14	influence	influence	VERB
gujaf-425	41	15	economic	economic	ADJ
gujaf-425	41	16	growth	growth	NOUN
gujaf-425	41	17	,	,	PUNCT
gujaf-425	41	18	this	this	DET
gujaf-425	41	19	study	study	NOUN
gujaf-425	41	20	aims	aim	VERB
gujaf-425	41	21	to	to	PART
gujaf-425	41	22	fill	fill	VERB
gujaf-425	41	23	existing	exist	VERB
gujaf-425	41	24	knowledge	knowledge	NOUN
gujaf-425	41	25	gaps	gap	NOUN
gujaf-425	41	26	and	and	CCONJ
gujaf-425	41	27	provide	provide	VERB
gujaf-425	41	28	evidence	evidence	NOUN
gujaf-425	41	29	-	-	PUNCT
gujaf-425	41	30	based	base	VERB
gujaf-425	41	31	insights	insight	NOUN
gujaf-425	41	32	to	to	PART
gujaf-425	41	33	guide	guide	VERB
gujaf-425	41	34	policy	policy	NOUN
gujaf-425	41	35	formulation	formulation	NOUN
gujaf-425	41	36	and	and	CCONJ
gujaf-425	41	37	enhance	enhance	VERB
gujaf-425	41	38	the	the	DET
gujaf-425	41	39	effectiveness	effectiveness	NOUN
gujaf-425	41	40	of	of	ADP
gujaf-425	41	41	microfinance	microfinance	NOUN
gujaf-425	41	42	interventions	intervention	NOUN
gujaf-425	41	43	.	.	PUNCT
gujaf-425	42	1	research	research	NOUN
gujaf-425	42	2	hypotheses	hypothesis	NOUN
gujaf-425	42	3	h1	h1	ADJ
gujaf-425	42	4	:	:	PUNCT
gujaf-425	42	5	microfinance	microfinance	NOUN
gujaf-425	42	6	saving	saving	NOUN
gujaf-425	42	7	does	do	AUX
gujaf-425	42	8	not	not	PART
gujaf-425	42	9	significantly	significantly	ADV
gujaf-425	42	10	affect	affect	VERB
gujaf-425	42	11	economic	economic	ADJ
gujaf-425	42	12	growth	growth	NOUN
gujaf-425	42	13	in	in	ADP
gujaf-425	42	14	nigeria	nigeria	PROPN
gujaf-425	42	15	.	.	PUNCT
gujaf-425	43	1	h2	h2	PROPN
gujaf-425	43	2	:	:	PUNCT
gujaf-425	43	3	microfinance	microfinance	NOUN
gujaf-425	43	4	lending	lending	NOUN
gujaf-425	43	5	does	do	AUX
gujaf-425	43	6	not	not	PART
gujaf-425	43	7	significantly	significantly	ADV
gujaf-425	43	8	affect	affect	VERB
gujaf-425	43	9	economic	economic	ADJ
gujaf-425	43	10	growth	growth	NOUN
gujaf-425	43	11	in	in	ADP
gujaf-425	43	12	nigeria	nigeria	PROPN
gujaf-425	43	13	.	.	PUNCT
gujaf-425	44	1	h3	h3	NOUN
gujaf-425	44	2	:	:	PUNCT
gujaf-425	44	3	microfinance	microfinance	NOUN
gujaf-425	44	4	investment	investment	NOUN
gujaf-425	44	5	does	do	AUX
gujaf-425	44	6	not	not	PART
gujaf-425	44	7	significantly	significantly	ADV
gujaf-425	44	8	affect	affect	VERB
gujaf-425	44	9	economic	economic	ADJ
gujaf-425	44	10	growth	growth	NOUN
gujaf-425	44	11	in	in	ADP
gujaf-425	44	12	nigeria	nigeria	PROPN
gujaf-425	44	13	.	.	PUNCT
gujaf-425	45	1	h4	h4	PROPN
gujaf-425	45	2	:	:	PUNCT
gujaf-425	45	3	exchange	exchange	NOUN
gujaf-425	45	4	rate	rate	NOUN
gujaf-425	45	5	does	do	AUX
gujaf-425	45	6	not	not	PART
gujaf-425	45	7	significantly	significantly	ADV
gujaf-425	45	8	affect	affect	VERB
gujaf-425	45	9	economic	economic	ADJ
gujaf-425	45	10	growth	growth	NOUN
gujaf-425	45	11	in	in	ADP
gujaf-425	45	12	nigeria	nigeria	PROPN
gujaf-425	45	13	.	.	PUNCT
gujaf-425	46	1	h5	h5	PROPN
gujaf-425	46	2	:	:	PUNCT
gujaf-425	46	3	inflation	inflation	NOUN
gujaf-425	46	4	rate	rate	NOUN
gujaf-425	46	5	does	do	AUX
gujaf-425	46	6	not	not	PART
gujaf-425	46	7	significantly	significantly	ADV
gujaf-425	46	8	affect	affect	VERB
gujaf-425	46	9	economic	economic	ADJ
gujaf-425	46	10	growth	growth	NOUN
gujaf-425	46	11	in	in	ADP
gujaf-425	46	12	nigeria	nigeria	PROPN
gujaf-425	46	13	.	.	PUNCT
gujaf-425	47	1	h6	h6	PROPN
gujaf-425	47	2	:	:	PUNCT
gujaf-425	47	3	government	government	NOUN
gujaf-425	47	4	expenditure	expenditure	NOUN
gujaf-425	47	5	does	do	AUX
gujaf-425	47	6	not	not	PART
gujaf-425	47	7	significantly	significantly	ADV
gujaf-425	47	8	affect	affect	VERB
gujaf-425	47	9	economic	economic	ADJ
gujaf-425	47	10	growth	growth	NOUN
gujaf-425	47	11	in	in	ADP
gujaf-425	47	12	nigeria	nigeria	PROPN
gujaf-425	47	13	.	.	PUNCT
gujaf-425	48	1	2.0	2.0	NUM
gujaf-425	48	2	literaturereview	literaturereview	NOUN
gujaf-425	48	3	originally	originally	ADV
gujaf-425	48	4	formulated	formulate	VERB
gujaf-425	48	5	by	by	ADP
gujaf-425	48	6	gurley	gurley	PROPN
gujaf-425	48	7	and	and	CCONJ
gujaf-425	48	8	shaw	shaw	PROPN
gujaf-425	48	9	(	(	PUNCT
gujaf-425	48	10	1960	1960	NUM
gujaf-425	48	11	)	)	PUNCT
gujaf-425	48	12	,	,	PUNCT
gujaf-425	48	13	the	the	DET
gujaf-425	48	14	financial	financial	ADJ
gujaf-425	48	15	intermediation	intermediation	NOUN
gujaf-425	48	16	theory	theory	NOUN
gujaf-425	48	17	emphasizes	emphasize	VERB
gujaf-425	48	18	the	the	DET
gujaf-425	48	19	critical	critical	ADJ
gujaf-425	48	20	function	function	NOUN
gujaf-425	48	21	of	of	ADP
gujaf-425	48	22	financial	financial	ADJ
gujaf-425	48	23	intermediaries	intermediary	NOUN
gujaf-425	48	24	,	,	PUNCT
gujaf-425	48	25	such	such	ADJ
gujaf-425	48	26	as	as	ADP
gujaf-425	48	27	commercial	commercial	ADJ
gujaf-425	48	28	banks	bank	NOUN
gujaf-425	48	29	and	and	CCONJ
gujaf-425	48	30	microfinance	microfinance	NOUN
gujaf-425	48	31	institutions	institution	NOUN
gujaf-425	48	32	(	(	PUNCT
gujaf-425	48	33	mfis	mfis	PROPN
gujaf-425	48	34	)	)	PUNCT
gujaf-425	48	35	,	,	PUNCT
gujaf-425	48	36	in	in	ADP
gujaf-425	48	37	channeling	channel	VERB
gujaf-425	48	38	funds	fund	NOUN
gujaf-425	48	39	from	from	ADP
gujaf-425	48	40	savers	saver	NOUN
gujaf-425	48	41	to	to	ADP
gujaf-425	48	42	borrowers	borrower	NOUN
gujaf-425	48	43	,	,	PUNCT
gujaf-425	48	44	particularly	particularly	ADV
gujaf-425	48	45	in	in	ADP
gujaf-425	48	46	the	the	DET
gujaf-425	48	47	context	context	NOUN
gujaf-425	48	48	of	of	ADP
gujaf-425	48	49	market	market	NOUN
gujaf-425	48	50	imperfections	imperfection	NOUN
gujaf-425	48	51	(	(	PUNCT
gujaf-425	48	52	konstantakopoulou	konstantakopoulou	NOUN
gujaf-425	48	53	,	,	PUNCT
gujaf-425	48	54	2023	2023	NUM
gujaf-425	48	55	)	)	PUNCT
gujaf-425	48	56	.	.	PUNCT
gujaf-425	49	1	the	the	DET
gujaf-425	49	2	theory	theory	NOUN
gujaf-425	49	3	posits	posit	NOUN
gujaf-425	49	4	that	that	SCONJ
gujaf-425	49	5	intermediaries	intermediary	NOUN
gujaf-425	49	6	mitigate	mitigate	VERB
gujaf-425	49	7	key	key	ADJ
gujaf-425	49	8	financial	financial	ADJ
gujaf-425	49	9	transaction	transaction	NOUN
gujaf-425	49	10	frictions	friction	NOUN
gujaf-425	49	11	such	such	ADJ
gujaf-425	49	12	as	as	ADP
gujaf-425	49	13	information	information	NOUN
gujaf-425	49	14	asymmetry	asymmetry	NOUN
gujaf-425	49	15	,	,	PUNCT
gujaf-425	49	16	high	high	ADJ
gujaf-425	49	17	transaction	transaction	NOUN
gujaf-425	49	18	costs	cost	NOUN
gujaf-425	49	19	,	,	PUNCT
gujaf-425	49	20	and	and	CCONJ
gujaf-425	49	21	moral	moral	ADJ
gujaf-425	49	22	hazard	hazard	NOUN
gujaf-425	49	23	,	,	PUNCT
gujaf-425	49	24	thereby	thereby	ADV
gujaf-425	49	25	enabling	enable	VERB
gujaf-425	49	26	more	more	ADV
gujaf-425	49	27	efficient	efficient	ADJ
gujaf-425	49	28	and	and	CCONJ
gujaf-425	49	29	widespread	widespread	ADJ
gujaf-425	49	30	economic	economic	ADJ
gujaf-425	49	31	activity	activity	NOUN
gujaf-425	49	32	(	(	PUNCT
gujaf-425	49	33	mandy	mandy	NOUN
gujaf-425	49	34	,	,	PUNCT
gujaf-425	49	35	2023	2023	NUM
gujaf-425	49	36	;	;	PUNCT
gujaf-425	49	37	ketokivi	ketokivi	PROPN
gujaf-425	49	38	&	&	CCONJ
gujaf-425	49	39	mahoney	mahoney	PROPN
gujaf-425	49	40	,	,	PUNCT
gujaf-425	49	41	2020	2020	NUM
gujaf-425	49	42	)	)	PUNCT
gujaf-425	49	43	.	.	PUNCT
gujaf-425	50	1	within	within	ADP
gujaf-425	50	2	this	this	DET
gujaf-425	50	3	theoretical	theoretical	ADJ
gujaf-425	50	4	context	context	NOUN
gujaf-425	50	5	,	,	PUNCT
gujaf-425	50	6	microfinance	microfinance	NOUN
gujaf-425	50	7	savings	saving	NOUN
gujaf-425	50	8	,	,	PUNCT
gujaf-425	50	9	microfinance	microfinance	NOUN
gujaf-425	50	10	lending	lending	NOUN
gujaf-425	50	11	,	,	PUNCT
gujaf-425	50	12	and	and	CCONJ
gujaf-425	50	13	microfinance	microfinance	NOUN
gujaf-425	50	14	investments	investment	NOUN
gujaf-425	50	15	represent	represent	VERB
gujaf-425	50	16	core	core	ADJ
gujaf-425	50	17	financial	financial	ADJ
gujaf-425	50	18	intermediation	intermediation	NOUN
gujaf-425	50	19	activities	activity	NOUN
gujaf-425	50	20	.	.	PUNCT
gujaf-425	51	1	mfis	mfis	AUX
gujaf-425	51	2	mobilize	mobilize	VERB
gujaf-425	51	3	savings	saving	NOUN
gujaf-425	51	4	from	from	ADP
gujaf-425	51	5	economically	economically	ADV
gujaf-425	51	6	active	active	ADJ
gujaf-425	51	7	low	low	ADJ
gujaf-425	51	8	-	-	PUNCT
gujaf-425	51	9	income	income	NOUN
gujaf-425	51	10	individuals	individual	NOUN
gujaf-425	51	11	,	,	PUNCT
gujaf-425	51	12	often	often	ADV
gujaf-425	51	13	located	locate	VERB
gujaf-425	51	14	in	in	ADP
gujaf-425	51	15	rural	rural	ADJ
gujaf-425	51	16	or	or	CCONJ
gujaf-425	51	17	semi	semi	ADJ
gujaf-425	51	18	-	-	ADJ
gujaf-425	51	19	urban	urban	ADJ
gujaf-425	51	20	areas	area	NOUN
gujaf-425	51	21	,	,	PUNCT
gujaf-425	51	22	and	and	CCONJ
gujaf-425	51	23	reallocate	reallocate	VERB
gujaf-425	51	24	these	these	DET
gujaf-425	51	25	funds	fund	NOUN
gujaf-425	51	26	in	in	ADP
gujaf-425	51	27	the	the	DET
gujaf-425	51	28	form	form	NOUN
gujaf-425	51	29	of	of	ADP
gujaf-425	51	30	loans	loan	NOUN
gujaf-425	51	31	and	and	CCONJ
gujaf-425	51	32	productive	productive	ADJ
gujaf-425	51	33	investments	investment	NOUN
gujaf-425	51	34	to	to	PART
gujaf-425	51	35	micro	micro	VERB
gujaf-425	51	36	and	and	CCONJ
gujaf-425	51	37	small	small	ADJ
gujaf-425	51	38	enterprises	enterprise	NOUN
gujaf-425	51	39	excluded	exclude	VERB
gujaf-425	51	40	from	from	ADP
gujaf-425	51	41	traditional	traditional	ADJ
gujaf-425	51	42	financial	financial	ADJ
gujaf-425	51	43	systems	system	NOUN
gujaf-425	51	44	(	(	PUNCT
gujaf-425	51	45	ratnawati	ratnawati	PROPN
gujaf-425	51	46	,	,	PUNCT
gujaf-425	51	47	2020	2020	NUM
gujaf-425	51	48	;	;	PUNCT
gujaf-425	51	49	ochonogor	ochonogor	PROPN
gujaf-425	51	50	,	,	PUNCT
gujaf-425	51	51	2020	2020	NUM
gujaf-425	51	52	)	)	PUNCT
gujaf-425	51	53	.	.	PUNCT
gujaf-425	52	1	gusau	gusau	PROPN
gujaf-425	52	2	journal	journal	PROPN
gujaf-425	52	3	of	of	ADP
gujaf-425	52	4	accounting	accounting	NOUN
gujaf-425	52	5	and	and	CCONJ
gujaf-425	52	6	finance	finance	NOUN
gujaf-425	52	7	,	,	PUNCT
gujaf-425	52	8	vol.6	vol.6	PROPN
gujaf-425	52	9	,	,	PUNCT
gujaf-425	52	10	issue	issue	NOUN
gujaf-425	52	11	2	2	NUM
gujaf-425	52	12	,	,	PUNCT
gujaf-425	52	13	april	april	PROPN
gujaf-425	52	14	,	,	PUNCT
gujaf-425	52	15	2025	2025	NUM
gujaf-425	52	16	210	210	NUM
gujaf-425	52	17	this	this	DET
gujaf-425	52	18	efficient	efficient	ADJ
gujaf-425	52	19	allocation	allocation	NOUN
gujaf-425	52	20	of	of	ADP
gujaf-425	52	21	financial	financial	ADJ
gujaf-425	52	22	resources	resource	NOUN
gujaf-425	52	23	supports	support	VERB
gujaf-425	52	24	business	business	NOUN
gujaf-425	52	25	formation	formation	NOUN
gujaf-425	52	26	,	,	PUNCT
gujaf-425	52	27	expansion	expansion	NOUN
gujaf-425	52	28	,	,	PUNCT
gujaf-425	52	29	and	and	CCONJ
gujaf-425	52	30	income	income	NOUN
gujaf-425	52	31	generation	generation	NOUN
gujaf-425	52	32	,	,	PUNCT
gujaf-425	52	33	which	which	PRON
gujaf-425	52	34	in	in	ADP
gujaf-425	52	35	turn	turn	NOUN
gujaf-425	52	36	drive	drive	VERB
gujaf-425	52	37	macroeconomic	macroeconomic	ADJ
gujaf-425	52	38	outcomes	outcome	NOUN
gujaf-425	52	39	such	such	ADJ
gujaf-425	52	40	as	as	ADP
gujaf-425	52	41	employment	employment	NOUN
gujaf-425	52	42	,	,	PUNCT
gujaf-425	52	43	poverty	poverty	NOUN
gujaf-425	52	44	reduction	reduction	NOUN
gujaf-425	52	45	,	,	PUNCT
gujaf-425	52	46	and	and	CCONJ
gujaf-425	52	47	gdp	gdp	NOUN
gujaf-425	52	48	growth	growth	NOUN
gujaf-425	52	49	(	(	PUNCT
gujaf-425	52	50	bongomin	bongomin	NOUN
gujaf-425	52	51	et	et	PROPN
gujaf-425	52	52	al	al	PROPN
gujaf-425	52	53	.	.	PROPN
gujaf-425	52	54	,	,	PUNCT
gujaf-425	52	55	2021	2021	NUM
gujaf-425	52	56	)	)	PUNCT
gujaf-425	52	57	.	.	PUNCT
gujaf-425	53	1	thus	thus	ADV
gujaf-425	53	2	,	,	PUNCT
gujaf-425	53	3	this	this	DET
gujaf-425	53	4	theory	theory	NOUN
gujaf-425	53	5	provides	provide	VERB
gujaf-425	53	6	a	a	DET
gujaf-425	53	7	strong	strong	ADJ
gujaf-425	53	8	foundation	foundation	NOUN
gujaf-425	53	9	for	for	ADP
gujaf-425	53	10	analyzing	analyze	VERB
gujaf-425	53	11	how	how	SCONJ
gujaf-425	53	12	microfinance	microfinance	NOUN
gujaf-425	53	13	variables	variable	NOUN
gujaf-425	53	14	,	,	PUNCT
gujaf-425	53	15	savings	saving	NOUN
gujaf-425	53	16	,	,	PUNCT
gujaf-425	53	17	lending	lending	NOUN
gujaf-425	53	18	,	,	PUNCT
gujaf-425	53	19	and	and	CCONJ
gujaf-425	53	20	investments	investment	NOUN
gujaf-425	53	21	,	,	PUNCT
gujaf-425	53	22	affect	affect	VERB
gujaf-425	53	23	economic	economic	ADJ
gujaf-425	53	24	growth	growth	NOUN
gujaf-425	53	25	in	in	ADP
gujaf-425	53	26	nigeria	nigeria	PROPN
gujaf-425	53	27	.	.	PUNCT
gujaf-425	54	1	it	it	PRON
gujaf-425	54	2	also	also	ADV
gujaf-425	54	3	justifies	justify	VERB
gujaf-425	54	4	the	the	DET
gujaf-425	54	5	inclusion	inclusion	NOUN
gujaf-425	54	6	of	of	ADP
gujaf-425	54	7	government	government	NOUN
gujaf-425	54	8	expenditure	expenditure	NOUN
gujaf-425	54	9	in	in	ADP
gujaf-425	54	10	the	the	DET
gujaf-425	54	11	analysis	analysis	NOUN
gujaf-425	54	12	,	,	PUNCT
gujaf-425	54	13	as	as	SCONJ
gujaf-425	54	14	public	public	ADJ
gujaf-425	54	15	spending	spending	NOUN
gujaf-425	54	16	can	can	AUX
gujaf-425	54	17	either	either	CCONJ
gujaf-425	54	18	complement	complement	VERB
gujaf-425	54	19	or	or	CCONJ
gujaf-425	54	20	crowd	crowd	VERB
gujaf-425	54	21	out	out	ADP
gujaf-425	54	22	private	private	ADJ
gujaf-425	54	23	financial	financial	ADJ
gujaf-425	54	24	intermediation	intermediation	NOUN
gujaf-425	54	25	efforts	effort	NOUN
gujaf-425	54	26	by	by	ADP
gujaf-425	54	27	influencing	influence	VERB
gujaf-425	54	28	the	the	DET
gujaf-425	54	29	flow	flow	NOUN
gujaf-425	54	30	and	and	CCONJ
gujaf-425	54	31	availability	availability	NOUN
gujaf-425	54	32	of	of	ADP
gujaf-425	54	33	financial	financial	ADJ
gujaf-425	54	34	resources	resource	NOUN
gujaf-425	54	35	.	.	PUNCT
gujaf-425	55	1	endogenousgrowth	endogenousgrowth	NOUN
gujaf-425	55	2	theory	theory	NOUN
gujaf-425	55	3	the	the	DET
gujaf-425	55	4	endogenous	endogenous	ADJ
gujaf-425	55	5	growth	growth	NOUN
gujaf-425	55	6	theory	theory	NOUN
gujaf-425	55	7	,	,	PUNCT
gujaf-425	55	8	developed	develop	VERB
gujaf-425	55	9	by	by	ADP
gujaf-425	55	10	romer	romer	NOUN
gujaf-425	55	11	(	(	PUNCT
gujaf-425	55	12	1986	1986	NUM
gujaf-425	55	13	)	)	PUNCT
gujaf-425	55	14	and	and	CCONJ
gujaf-425	55	15	lucas	lucas	PROPN
gujaf-425	55	16	(	(	PUNCT
gujaf-425	55	17	1988	1988	NUM
gujaf-425	55	18	)	)	PUNCT
gujaf-425	55	19	,	,	PUNCT
gujaf-425	55	20	argues	argue	VERB
gujaf-425	55	21	that	that	SCONJ
gujaf-425	55	22	long	long	ADJ
gujaf-425	55	23	-	-	PUNCT
gujaf-425	55	24	term	term	NOUN
gujaf-425	55	25	economic	economic	ADJ
gujaf-425	55	26	growth	growth	NOUN
gujaf-425	55	27	is	be	AUX
gujaf-425	55	28	primarily	primarily	ADV
gujaf-425	55	29	influenced	influence	VERB
gujaf-425	55	30	by	by	ADP
gujaf-425	55	31	internal	internal	ADJ
gujaf-425	55	32	,	,	PUNCT
gujaf-425	55	33	rather	rather	ADV
gujaf-425	55	34	than	than	ADP
gujaf-425	55	35	external	external	ADJ
gujaf-425	55	36	,	,	PUNCT
gujaf-425	55	37	factors	factor	NOUN
gujaf-425	55	38	,	,	PUNCT
gujaf-425	55	39	such	such	ADJ
gujaf-425	55	40	as	as	ADP
gujaf-425	55	41	innovation	innovation	NOUN
gujaf-425	55	42	,	,	PUNCT
gujaf-425	55	43	human	human	ADJ
gujaf-425	55	44	capital	capital	NOUN
gujaf-425	55	45	accumulation	accumulation	NOUN
gujaf-425	55	46	,	,	PUNCT
gujaf-425	55	47	and	and	CCONJ
gujaf-425	55	48	institutional	institutional	ADJ
gujaf-425	55	49	quality	quality	NOUN
gujaf-425	55	50	(	(	PUNCT
gujaf-425	55	51	ehrlich	ehrlich	PROPN
gujaf-425	55	52	&	&	CCONJ
gujaf-425	55	53	pei	pei	PROPN
gujaf-425	55	54	,	,	PUNCT
gujaf-425	55	55	2020	2020	NUM
gujaf-425	55	56	)	)	PUNCT
gujaf-425	55	57	.	.	PUNCT
gujaf-425	56	1	the	the	DET
gujaf-425	56	2	theory	theory	NOUN
gujaf-425	56	3	highlights	highlight	NOUN
gujaf-425	56	4	that	that	PRON
gujaf-425	56	5	sustained	sustain	VERB
gujaf-425	56	6	growth	growth	NOUN
gujaf-425	56	7	results	result	NOUN
gujaf-425	56	8	from	from	ADP
gujaf-425	56	9	policies	policy	NOUN
gujaf-425	56	10	and	and	CCONJ
gujaf-425	56	11	activities	activity	NOUN
gujaf-425	56	12	that	that	PRON
gujaf-425	56	13	enhance	enhance	VERB
gujaf-425	56	14	knowledge	knowledge	NOUN
gujaf-425	56	15	diffusion	diffusion	NOUN
gujaf-425	56	16	,	,	PUNCT
gujaf-425	56	17	financial	financial	ADJ
gujaf-425	56	18	development	development	NOUN
gujaf-425	56	19	,	,	PUNCT
gujaf-425	56	20	and	and	CCONJ
gujaf-425	56	21	investment	investment	NOUN
gujaf-425	56	22	in	in	ADP
gujaf-425	56	23	productivity	productivity	NOUN
gujaf-425	56	24	-	-	PUNCT
gujaf-425	56	25	enhancing	enhance	VERB
gujaf-425	56	26	sectors	sector	NOUN
gujaf-425	56	27	(	(	PUNCT
gujaf-425	56	28	epicoco	epicoco	ADJ
gujaf-425	56	29	,	,	PUNCT
gujaf-425	56	30	2020	2020	NUM
gujaf-425	56	31	)	)	PUNCT
gujaf-425	56	32	.	.	PUNCT
gujaf-425	57	1	in	in	ADP
gujaf-425	57	2	alignment	alignment	NOUN
gujaf-425	57	3	with	with	ADP
gujaf-425	57	4	this	this	DET
gujaf-425	57	5	theory	theory	NOUN
gujaf-425	57	6	,	,	PUNCT
gujaf-425	57	7	microfinance	microfinance	NOUN
gujaf-425	57	8	institutions	institution	NOUN
gujaf-425	57	9	in	in	ADP
gujaf-425	57	10	nigeria	nigeria	PROPN
gujaf-425	57	11	contribute	contribute	VERB
gujaf-425	57	12	to	to	ADP
gujaf-425	57	13	endogenous	endogenous	ADJ
gujaf-425	57	14	growth	growth	NOUN
gujaf-425	57	15	by	by	ADP
gujaf-425	57	16	facilitating	facilitate	VERB
gujaf-425	57	17	micro	micro	NOUN
gujaf-425	57	18	-	-	NOUN
gujaf-425	57	19	lending	lending	ADJ
gujaf-425	57	20	,	,	PUNCT
gujaf-425	57	21	micro	micro	NOUN
gujaf-425	57	22	-	-	NOUN
gujaf-425	57	23	savings	saving	NOUN
gujaf-425	57	24	,	,	PUNCT
gujaf-425	57	25	and	and	CCONJ
gujaf-425	57	26	micro	micro	ADJ
gujaf-425	57	27	-	-	NOUN
gujaf-425	57	28	investment	investment	ADJ
gujaf-425	57	29	activities	activity	NOUN
gujaf-425	57	30	that	that	PRON
gujaf-425	57	31	empower	empower	VERB
gujaf-425	57	32	entrepreneurs	entrepreneur	NOUN
gujaf-425	57	33	and	and	CCONJ
gujaf-425	57	34	microenterprises	microenterprise	NOUN
gujaf-425	57	35	.	.	PUNCT
gujaf-425	58	1	these	these	DET
gujaf-425	58	2	financial	financial	ADJ
gujaf-425	58	3	services	service	NOUN
gujaf-425	58	4	enable	enable	VERB
gujaf-425	58	5	low	low	ADJ
gujaf-425	58	6	-	-	PUNCT
gujaf-425	58	7	income	income	NOUN
gujaf-425	58	8	individuals	individual	NOUN
gujaf-425	58	9	to	to	PART
gujaf-425	58	10	create	create	VERB
gujaf-425	58	11	and	and	CCONJ
gujaf-425	58	12	expand	expand	VERB
gujaf-425	58	13	income	income	NOUN
gujaf-425	58	14	-	-	PUNCT
gujaf-425	58	15	generating	generate	VERB
gujaf-425	58	16	ventures	venture	NOUN
gujaf-425	58	17	,	,	PUNCT
gujaf-425	58	18	thereby	thereby	ADV
gujaf-425	58	19	enhancing	enhance	VERB
gujaf-425	58	20	their	their	PRON
gujaf-425	58	21	productivity	productivity	NOUN
gujaf-425	58	22	and	and	CCONJ
gujaf-425	58	23	long	long	ADJ
gujaf-425	58	24	-	-	PUNCT
gujaf-425	58	25	term	term	NOUN
gujaf-425	58	26	economic	economic	ADJ
gujaf-425	58	27	contribution	contribution	NOUN
gujaf-425	58	28	(	(	PUNCT
gujaf-425	58	29	ananwude	ananwude	PROPN
gujaf-425	58	30	&	&	CCONJ
gujaf-425	58	31	lateef	lateef	PROPN
gujaf-425	58	32	,	,	PUNCT
gujaf-425	58	33	2024	2024	NUM
gujaf-425	58	34	;	;	PUNCT
gujaf-425	58	35	ezeanyeji	ezeanyeji	PROPN
gujaf-425	58	36	et	et	PROPN
gujaf-425	58	37	al	al	PROPN
gujaf-425	58	38	.	.	PROPN
gujaf-425	58	39	,	,	PUNCT
gujaf-425	58	40	2020	2020	NUM
gujaf-425	58	41	;	;	PUNCT
gujaf-425	58	42	john	john	PROPN
gujaf-425	58	43	&	&	CCONJ
gujaf-425	58	44	lawal	lawal	PROPN
gujaf-425	58	45	,	,	PUNCT
gujaf-425	58	46	2019	2019	NUM
gujaf-425	58	47	)	)	PUNCT
gujaf-425	58	48	.	.	PUNCT
gujaf-425	59	1	additionally	additionally	ADV
gujaf-425	59	2	,	,	PUNCT
gujaf-425	59	3	the	the	DET
gujaf-425	59	4	theory	theory	NOUN
gujaf-425	59	5	supports	support	VERB
gujaf-425	59	6	the	the	DET
gujaf-425	59	7	inclusion	inclusion	NOUN
gujaf-425	59	8	of	of	ADP
gujaf-425	59	9	inflation	inflation	NOUN
gujaf-425	59	10	rate	rate	NOUN
gujaf-425	59	11	and	and	CCONJ
gujaf-425	59	12	exchange	exchange	NOUN
gujaf-425	59	13	rate	rate	NOUN
gujaf-425	59	14	as	as	ADP
gujaf-425	59	15	key	key	ADJ
gujaf-425	59	16	macroeconomic	macroeconomic	ADJ
gujaf-425	59	17	variables	variable	NOUN
gujaf-425	59	18	.	.	PUNCT
gujaf-425	60	1	high	high	ADJ
gujaf-425	60	2	inflation	inflation	NOUN
gujaf-425	60	3	may	may	AUX
gujaf-425	60	4	erode	erode	VERB
gujaf-425	60	5	the	the	DET
gujaf-425	60	6	real	real	ADJ
gujaf-425	60	7	value	value	NOUN
gujaf-425	60	8	of	of	ADP
gujaf-425	60	9	savings	saving	NOUN
gujaf-425	60	10	and	and	CCONJ
gujaf-425	60	11	returns	return	NOUN
gujaf-425	60	12	on	on	ADP
gujaf-425	60	13	investment	investment	NOUN
gujaf-425	60	14	,	,	PUNCT
gujaf-425	60	15	thereby	thereby	ADV
gujaf-425	60	16	discouraging	discourage	VERB
gujaf-425	60	17	productive	productive	ADJ
gujaf-425	60	18	financial	financial	ADJ
gujaf-425	60	19	behavior	behavior	NOUN
gujaf-425	60	20	.	.	PUNCT
gujaf-425	61	1	similarly	similarly	ADV
gujaf-425	61	2	,	,	PUNCT
gujaf-425	61	3	exchange	exchange	NOUN
gujaf-425	61	4	rate	rate	NOUN
gujaf-425	61	5	volatility	volatility	NOUN
gujaf-425	61	6	can	can	AUX
gujaf-425	61	7	influence	influence	VERB
gujaf-425	61	8	import	import	NOUN
gujaf-425	61	9	costs	cost	NOUN
gujaf-425	61	10	,	,	PUNCT
gujaf-425	61	11	competitiveness	competitiveness	NOUN
gujaf-425	61	12	,	,	PUNCT
gujaf-425	61	13	and	and	CCONJ
gujaf-425	61	14	overall	overall	ADJ
gujaf-425	61	15	investment	investment	NOUN
gujaf-425	61	16	incentives	incentive	NOUN
gujaf-425	61	17	.	.	PUNCT
gujaf-425	62	1	these	these	DET
gujaf-425	62	2	external	external	ADJ
gujaf-425	62	3	shocks	shock	NOUN
gujaf-425	62	4	,	,	PUNCT
gujaf-425	62	5	although	although	SCONJ
gujaf-425	62	6	outside	outside	ADP
gujaf-425	62	7	the	the	DET
gujaf-425	62	8	direct	direct	ADJ
gujaf-425	62	9	domain	domain	NOUN
gujaf-425	62	10	of	of	ADP
gujaf-425	62	11	mfis	mfis	PROPN
gujaf-425	62	12	,	,	PUNCT
gujaf-425	62	13	can	can	AUX
gujaf-425	62	14	significantly	significantly	ADV
gujaf-425	62	15	modulate	modulate	VERB
gujaf-425	62	16	the	the	DET
gujaf-425	62	17	effectiveness	effectiveness	NOUN
gujaf-425	62	18	of	of	ADP
gujaf-425	62	19	internally	internally	ADV
gujaf-425	62	20	driven	drive	VERB
gujaf-425	62	21	growth	growth	NOUN
gujaf-425	62	22	mechanisms	mechanism	NOUN
gujaf-425	62	23	that	that	PRON
gujaf-425	62	24	the	the	DET
gujaf-425	62	25	theory	theory	NOUN
gujaf-425	62	26	emphasizes	emphasize	VERB
gujaf-425	62	27	.	.	PUNCT
gujaf-425	63	1	empirical	empirical	ADJ
gujaf-425	63	2	studies	study	NOUN
gujaf-425	63	3	reinforce	reinforce	VERB
gujaf-425	63	4	the	the	DET
gujaf-425	63	5	relevance	relevance	NOUN
gujaf-425	63	6	of	of	ADP
gujaf-425	63	7	this	this	DET
gujaf-425	63	8	theoretical	theoretical	ADJ
gujaf-425	63	9	framework	framework	NOUN
gujaf-425	63	10	.	.	PUNCT
gujaf-425	64	1	for	for	ADP
gujaf-425	64	2	instance	instance	NOUN
gujaf-425	64	3	,	,	PUNCT
gujaf-425	64	4	amaegberi	amaegberi	NOUN
gujaf-425	64	5	and	and	CCONJ
gujaf-425	64	6	krokeyi	krokeyi	NOUN
gujaf-425	64	7	(	(	PUNCT
gujaf-425	64	8	2023	2023	NUM
gujaf-425	64	9	)	)	PUNCT
gujaf-425	64	10	and	and	CCONJ
gujaf-425	64	11	godfrey	godfrey	PROPN
gujaf-425	64	12	(	(	PUNCT
gujaf-425	64	13	2022	2022	NUM
gujaf-425	64	14	)	)	PUNCT
gujaf-425	64	15	found	find	VERB
gujaf-425	64	16	that	that	SCONJ
gujaf-425	64	17	microfinance	microfinance	NOUN
gujaf-425	64	18	loans	loan	NOUN
gujaf-425	64	19	and	and	CCONJ
gujaf-425	64	20	deposits	deposit	NOUN
gujaf-425	64	21	have	have	VERB
gujaf-425	64	22	a	a	DET
gujaf-425	64	23	significant	significant	ADJ
gujaf-425	64	24	and	and	CCONJ
gujaf-425	64	25	positive	positive	ADJ
gujaf-425	64	26	effect	effect	NOUN
gujaf-425	64	27	on	on	ADP
gujaf-425	64	28	nigeria	nigeria	PROPN
gujaf-425	64	29	’s	’s	PART
gujaf-425	64	30	economic	economic	ADJ
gujaf-425	64	31	growth	growth	NOUN
gujaf-425	64	32	.	.	PUNCT
gujaf-425	65	1	ogiemudia	ogiemudia	PROPN
gujaf-425	65	2	et	et	PROPN
gujaf-425	65	3	al	al	PROPN
gujaf-425	65	4	.	.	PROPN
gujaf-425	66	1	(	(	PUNCT
gujaf-425	66	2	2022	2022	NUM
gujaf-425	66	3	)	)	PUNCT
gujaf-425	66	4	further	far	ADV
gujaf-425	66	5	demonstrated	demonstrate	VERB
gujaf-425	66	6	that	that	SCONJ
gujaf-425	66	7	mfis	mfis	NOUN
gujaf-425	66	8	play	play	VERB
gujaf-425	66	9	an	an	DET
gujaf-425	66	10	important	important	ADJ
gujaf-425	66	11	role	role	NOUN
gujaf-425	66	12	in	in	ADP
gujaf-425	66	13	increasing	increase	VERB
gujaf-425	66	14	productive	productive	ADJ
gujaf-425	66	15	investment	investment	NOUN
gujaf-425	66	16	,	,	PUNCT
gujaf-425	66	17	savings	saving	NOUN
gujaf-425	66	18	,	,	PUNCT
gujaf-425	66	19	and	and	CCONJ
gujaf-425	66	20	asset	asset	NOUN
gujaf-425	66	21	accumulation	accumulation	NOUN
gujaf-425	66	22	,	,	PUNCT
gujaf-425	66	23	internal	internal	ADJ
gujaf-425	66	24	levers	lever	NOUN
gujaf-425	66	25	consistent	consistent	ADJ
gujaf-425	66	26	with	with	ADP
gujaf-425	66	27	the	the	DET
gujaf-425	66	28	tenets	tenet	NOUN
gujaf-425	66	29	of	of	ADP
gujaf-425	66	30	endogenous	endogenous	ADJ
gujaf-425	66	31	growth	growth	NOUN
gujaf-425	66	32	theory	theory	NOUN
gujaf-425	66	33	.	.	PUNCT
gujaf-425	67	1	2.2	2.2	NUM
gujaf-425	67	2	conceptual	conceptual	ADJ
gujaf-425	67	3	framework	framework	NOUN
gujaf-425	67	4	gusau	gusau	PROPN
gujaf-425	67	5	journal	journal	NOUN
gujaf-425	67	6	of	of	ADP
gujaf-425	67	7	accounting	accounting	NOUN
gujaf-425	67	8	and	and	CCONJ
gujaf-425	67	9	finance	finance	NOUN
gujaf-425	67	10	,	,	PUNCT
gujaf-425	67	11	vol.6	vol.6	PROPN
gujaf-425	67	12	,	,	PUNCT
gujaf-425	67	13	issue	issue	NOUN
gujaf-425	67	14	2	2	NUM
gujaf-425	67	15	,	,	PUNCT
gujaf-425	67	16	april	april	PROPN
gujaf-425	67	17	,	,	PUNCT
gujaf-425	67	18	2025	2025	NUM
gujaf-425	67	19	211	211	NUM
gujaf-425	67	20	source	source	NOUN
gujaf-425	67	21	:	:	PUNCT
gujaf-425	67	22	author	author	NOUN
gujaf-425	67	23	empirical	empirical	PROPN
gujaf-425	67	24	review	review	PROPN
gujaf-425	67	25	ochonogor	ochonogor	PROPN
gujaf-425	67	26	(	(	PUNCT
gujaf-425	67	27	2020	2020	NUM
gujaf-425	67	28	)	)	PUNCT
gujaf-425	67	29	studied	study	VERB
gujaf-425	67	30	how	how	SCONJ
gujaf-425	67	31	microfinance	microfinance	NOUN
gujaf-425	67	32	institutions	institution	NOUN
gujaf-425	67	33	(	(	PUNCT
gujaf-425	67	34	mfis	mfis	PROPN
gujaf-425	67	35	)	)	PUNCT
gujaf-425	67	36	help	help	VERB
gujaf-425	67	37	improve	improve	VERB
gujaf-425	67	38	nigeria	nigeria	PROPN
gujaf-425	67	39	’s	’s	PART
gujaf-425	67	40	economic	economic	ADJ
gujaf-425	67	41	development	development	NOUN
gujaf-425	67	42	.	.	PUNCT
gujaf-425	68	1	using	use	VERB
gujaf-425	68	2	statistical	statistical	ADJ
gujaf-425	68	3	methods	method	NOUN
gujaf-425	68	4	,	,	PUNCT
gujaf-425	68	5	the	the	DET
gujaf-425	68	6	study	study	NOUN
gujaf-425	68	7	found	find	VERB
gujaf-425	68	8	a	a	DET
gujaf-425	68	9	long	long	ADJ
gujaf-425	68	10	-	-	PUNCT
gujaf-425	68	11	term	term	NOUN
gujaf-425	68	12	link	link	NOUN
gujaf-425	68	13	between	between	ADP
gujaf-425	68	14	microfinance	microfinance	NOUN
gujaf-425	68	15	lending	lending	NOUN
gujaf-425	68	16	and	and	CCONJ
gujaf-425	68	17	the	the	DET
gujaf-425	68	18	human	human	PROPN
gujaf-425	68	19	development	development	PROPN
gujaf-425	68	20	index	index	NOUN
gujaf-425	68	21	(	(	PUNCT
gujaf-425	68	22	hdi	hdi	PROPN
gujaf-425	68	23	)	)	PUNCT
gujaf-425	68	24	,	,	PUNCT
gujaf-425	68	25	showing	show	VERB
gujaf-425	68	26	that	that	DET
gujaf-425	68	27	mfis	mfis	NOUN
gujaf-425	68	28	have	have	VERB
gujaf-425	68	29	a	a	DET
gujaf-425	68	30	positive	positive	ADJ
gujaf-425	68	31	impact	impact	NOUN
gujaf-425	68	32	on	on	ADP
gujaf-425	68	33	people	people	NOUN
gujaf-425	68	34	’s	’s	PART
gujaf-425	68	35	well	well	ADV
gujaf-425	68	36	-	-	PUNCT
gujaf-425	68	37	being	being	NOUN
gujaf-425	68	38	and	and	CCONJ
gujaf-425	68	39	the	the	DET
gujaf-425	68	40	economy	economy	NOUN
gujaf-425	68	41	.	.	PUNCT
gujaf-425	69	1	the	the	DET
gujaf-425	69	2	study	study	NOUN
gujaf-425	69	3	suggested	suggest	VERB
gujaf-425	69	4	that	that	SCONJ
gujaf-425	69	5	more	more	ADJ
gujaf-425	69	6	effort	effort	NOUN
gujaf-425	69	7	should	should	AUX
gujaf-425	69	8	be	be	AUX
gujaf-425	69	9	made	make	VERB
gujaf-425	69	10	to	to	PART
gujaf-425	69	11	inform	inform	VERB
gujaf-425	69	12	the	the	DET
gujaf-425	69	13	public	public	NOUN
gujaf-425	69	14	about	about	ADP
gujaf-425	69	15	the	the	DET
gujaf-425	69	16	benefits	benefit	NOUN
gujaf-425	69	17	of	of	ADP
gujaf-425	69	18	microfinance	microfinance	NOUN
gujaf-425	69	19	loans	loan	NOUN
gujaf-425	69	20	.	.	PUNCT
gujaf-425	70	1	it	it	PRON
gujaf-425	70	2	also	also	ADV
gujaf-425	70	3	recommended	recommend	VERB
gujaf-425	70	4	that	that	SCONJ
gujaf-425	70	5	the	the	DET
gujaf-425	70	6	central	central	ADJ
gujaf-425	70	7	bank	bank	PROPN
gujaf-425	70	8	of	of	ADP
gujaf-425	70	9	nigeria	nigeria	PROPN
gujaf-425	70	10	(	(	PUNCT
gujaf-425	70	11	cbn	cbn	PROPN
gujaf-425	70	12	)	)	PUNCT
gujaf-425	70	13	should	should	AUX
gujaf-425	70	14	involve	involve	VERB
gujaf-425	70	15	mfis	mfi	VERB
gujaf-425	70	16	in	in	ADP
gujaf-425	70	17	managing	manage	VERB
gujaf-425	70	18	special	special	ADJ
gujaf-425	70	19	funds	fund	NOUN
gujaf-425	70	20	like	like	ADP
gujaf-425	70	21	the	the	DET
gujaf-425	70	22	sme	sme	PROPN
gujaf-425	70	23	credit	credit	NOUN
gujaf-425	70	24	guarantee	guarantee	NOUN
gujaf-425	70	25	schemes	scheme	NOUN
gujaf-425	70	26	,	,	PUNCT
gujaf-425	70	27	to	to	PART
gujaf-425	70	28	make	make	VERB
gujaf-425	70	29	it	it	PRON
gujaf-425	70	30	easier	easy	ADJ
gujaf-425	70	31	for	for	SCONJ
gujaf-425	70	32	people	people	NOUN
gujaf-425	70	33	to	to	PART
gujaf-425	70	34	access	access	VERB
gujaf-425	70	35	low	low	ADJ
gujaf-425	70	36	-	-	PUNCT
gujaf-425	70	37	interest	interest	NOUN
gujaf-425	70	38	loans	loan	NOUN
gujaf-425	70	39	and	and	CCONJ
gujaf-425	70	40	continue	continue	VERB
gujaf-425	70	41	improving	improve	VERB
gujaf-425	70	42	living	living	NOUN
gujaf-425	70	43	standards	standard	NOUN
gujaf-425	70	44	in	in	ADP
gujaf-425	70	45	the	the	DET
gujaf-425	70	46	country	country	NOUN
gujaf-425	70	47	.	.	PUNCT
gujaf-425	71	1	ezeanyeji	ezeanyeji	PROPN
gujaf-425	71	2	et	et	PROPN
gujaf-425	71	3	al	al	PROPN
gujaf-425	71	4	.	.	PROPN
gujaf-425	71	5	(	(	PUNCT
gujaf-425	71	6	2020	2020	NUM
gujaf-425	71	7	)	)	PUNCT
gujaf-425	71	8	studied	study	VERB
gujaf-425	71	9	how	how	SCONJ
gujaf-425	71	10	microfinance	microfinance	NOUN
gujaf-425	71	11	relates	relate	VERB
gujaf-425	71	12	to	to	ADP
gujaf-425	71	13	poverty	poverty	NOUN
gujaf-425	71	14	reduction	reduction	NOUN
gujaf-425	71	15	and	and	CCONJ
gujaf-425	71	16	economic	economic	ADJ
gujaf-425	71	17	growth	growth	NOUN
gujaf-425	71	18	in	in	ADP
gujaf-425	71	19	nigeria	nigeria	PRON
gujaf-425	71	20	between	between	ADP
gujaf-425	71	21	1992	1992	NUM
gujaf-425	71	22	and	and	CCONJ
gujaf-425	71	23	2018	2018	NUM
gujaf-425	71	24	.	.	PUNCT
gujaf-425	72	1	the	the	DET
gujaf-425	72	2	study	study	NOUN
gujaf-425	72	3	found	find	VERB
gujaf-425	72	4	that	that	SCONJ
gujaf-425	72	5	microfinance	microfinance	NOUN
gujaf-425	72	6	activities	activity	NOUN
gujaf-425	72	7	did	do	AUX
gujaf-425	72	8	not	not	PART
gujaf-425	72	9	make	make	VERB
gujaf-425	72	10	a	a	DET
gujaf-425	72	11	big	big	ADJ
gujaf-425	72	12	difference	difference	NOUN
gujaf-425	72	13	in	in	ADP
gujaf-425	72	14	reducing	reduce	VERB
gujaf-425	72	15	poverty	poverty	NOUN
gujaf-425	72	16	or	or	CCONJ
gujaf-425	72	17	improving	improve	VERB
gujaf-425	72	18	the	the	DET
gujaf-425	72	19	economy	economy	NOUN
gujaf-425	72	20	.	.	PUNCT
gujaf-425	73	1	in	in	ADP
gujaf-425	73	2	fact	fact	NOUN
gujaf-425	73	3	,	,	PUNCT
gujaf-425	73	4	microfinance	microfinance	NOUN
gujaf-425	73	5	loans	loan	NOUN
gujaf-425	73	6	had	have	VERB
gujaf-425	73	7	a	a	DET
gujaf-425	73	8	negative	negative	ADJ
gujaf-425	73	9	effect	effect	NOUN
gujaf-425	73	10	on	on	ADP
gujaf-425	73	11	job	job	NOUN
gujaf-425	73	12	creation	creation	NOUN
gujaf-425	73	13	because	because	SCONJ
gujaf-425	73	14	many	many	ADJ
gujaf-425	73	15	small	small	ADJ
gujaf-425	73	16	businesses	business	NOUN
gujaf-425	73	17	could	could	AUX
gujaf-425	73	18	not	not	PART
gujaf-425	73	19	earn	earn	VERB
gujaf-425	73	20	enough	enough	ADJ
gujaf-425	73	21	to	to	PART
gujaf-425	73	22	stay	stay	VERB
gujaf-425	73	23	afloat	afloat	ADV
gujaf-425	73	24	,	,	PUNCT
gujaf-425	73	25	causing	cause	VERB
gujaf-425	73	26	them	they	PRON
gujaf-425	73	27	to	to	PART
gujaf-425	73	28	keep	keep	VERB
gujaf-425	73	29	borrowing	borrow	VERB
gujaf-425	73	30	without	without	ADP
gujaf-425	73	31	real	real	ADJ
gujaf-425	73	32	progress	progress	NOUN
gujaf-425	73	33	.	.	PUNCT
gujaf-425	74	1	the	the	DET
gujaf-425	74	2	researchers	researcher	NOUN
gujaf-425	74	3	said	say	VERB
gujaf-425	74	4	this	this	PRON
gujaf-425	74	5	was	be	AUX
gujaf-425	74	6	mostly	mostly	ADV
gujaf-425	74	7	due	due	ADJ
gujaf-425	74	8	to	to	ADP
gujaf-425	74	9	nigeria	nigeria	PROPN
gujaf-425	74	10	’s	’s	PART
gujaf-425	74	11	tough	tough	ADJ
gujaf-425	74	12	business	business	NOUN
gujaf-425	74	13	environment	environment	NOUN
gujaf-425	74	14	.	.	PUNCT
gujaf-425	75	1	they	they	PRON
gujaf-425	75	2	suggested	suggest	VERB
gujaf-425	75	3	that	that	SCONJ
gujaf-425	75	4	microfinance	microfinance	NOUN
gujaf-425	75	5	institutions	institution	NOUN
gujaf-425	75	6	should	should	AUX
gujaf-425	75	7	focus	focus	VERB
gujaf-425	75	8	more	more	ADV
gujaf-425	75	9	on	on	ADP
gujaf-425	75	10	supporting	support	VERB
gujaf-425	75	11	productive	productive	ADJ
gujaf-425	75	12	businesses	business	NOUN
gujaf-425	75	13	,	,	PUNCT
gujaf-425	75	14	and	and	CCONJ
gujaf-425	75	15	that	that	SCONJ
gujaf-425	75	16	the	the	DET
gujaf-425	75	17	government	government	NOUN
gujaf-425	75	18	should	should	AUX
gujaf-425	75	19	help	help	VERB
gujaf-425	75	20	expand	expand	VERB
gujaf-425	75	21	microfinance	microfinance	NOUN
gujaf-425	75	22	services	service	NOUN
gujaf-425	75	23	in	in	ADP
gujaf-425	75	24	rural	rural	ADJ
gujaf-425	75	25	and	and	CCONJ
gujaf-425	75	26	semi	semi	ADJ
gujaf-425	75	27	-	-	ADJ
gujaf-425	75	28	urban	urban	ADJ
gujaf-425	75	29	areas	area	NOUN
gujaf-425	75	30	to	to	PART
gujaf-425	75	31	boost	boost	VERB
gujaf-425	75	32	savings	saving	NOUN
gujaf-425	75	33	and	and	CCONJ
gujaf-425	75	34	create	create	VERB
gujaf-425	75	35	more	more	ADJ
gujaf-425	75	36	jobs	job	NOUN
gujaf-425	75	37	.	.	PUNCT
gujaf-425	76	1	barguellil	barguellil	NOUN
gujaf-425	76	2	and	and	CCONJ
gujaf-425	76	3	bettayeb	bettayeb	NOUN
gujaf-425	76	4	(	(	PUNCT
gujaf-425	76	5	2020	2020	NUM
gujaf-425	76	6	)	)	PUNCT
gujaf-425	76	7	studied	study	VERB
gujaf-425	76	8	how	how	SCONJ
gujaf-425	76	9	microfinance	microfinance	NOUN
gujaf-425	76	10	affected	affect	VERB
gujaf-425	76	11	economic	economic	ADJ
gujaf-425	76	12	development	development	NOUN
gujaf-425	76	13	in	in	ADP
gujaf-425	76	14	tunisia	tunisia	NOUN
gujaf-425	76	15	using	use	VERB
gujaf-425	76	16	data	datum	NOUN
gujaf-425	76	17	from	from	ADP
gujaf-425	76	18	the	the	DET
gujaf-425	76	19	enda	enda	PROPN
gujaf-425	76	20	tamweel	tamweel	PROPN
gujaf-425	76	21	microfinance	microfinance	NOUN
gujaf-425	76	22	institution	institution	NOUN
gujaf-425	76	23	from	from	ADP
gujaf-425	76	24	1995	1995	NUM
gujaf-425	76	25	to	to	ADP
gujaf-425	76	26	2017	2017	NUM
gujaf-425	76	27	.	.	PUNCT
gujaf-425	77	1	they	they	PRON
gujaf-425	77	2	used	use	VERB
gujaf-425	77	3	a	a	DET
gujaf-425	77	4	statistical	statistical	ADJ
gujaf-425	77	5	method	method	NOUN
gujaf-425	77	6	called	call	VERB
gujaf-425	77	7	vector	vector	NOUN
gujaf-425	77	8	autoregressive	autoregressive	ADJ
gujaf-425	77	9	(	(	PUNCT
gujaf-425	77	10	var	var	NOUN
gujaf-425	77	11	)	)	PUNCT
gujaf-425	77	12	and	and	CCONJ
gujaf-425	77	13	found	find	VERB
gujaf-425	77	14	that	that	SCONJ
gujaf-425	77	15	microfinance	microfinance	NOUN
gujaf-425	77	16	helped	helped	AUX
gujaf-425	77	17	reduce	reduce	VERB
gujaf-425	77	18	both	both	DET
gujaf-425	77	19	poverty	poverty	NOUN
gujaf-425	77	20	and	and	CCONJ
gujaf-425	77	21	income	income	NOUN
gujaf-425	77	22	inequality	inequality	NOUN
gujaf-425	77	23	.	.	PUNCT
gujaf-425	78	1	the	the	DET
gujaf-425	78	2	study	study	NOUN
gujaf-425	78	3	also	also	ADV
gujaf-425	78	4	showed	show	VERB
gujaf-425	78	5	that	that	SCONJ
gujaf-425	78	6	microfinance	microfinance	NOUN
gujaf-425	78	7	supports	support	VERB
gujaf-425	78	8	economic	economic	ADJ
gujaf-425	78	9	development	development	NOUN
gujaf-425	78	10	more	more	ADV
gujaf-425	78	11	through	through	ADP
gujaf-425	78	12	its	its	PRON
gujaf-425	78	13	focus	focus	NOUN
gujaf-425	78	14	on	on	ADP
gujaf-425	78	15	helping	help	VERB
gujaf-425	78	16	people	people	NOUN
gujaf-425	78	17	socially	socially	ADV
gujaf-425	78	18	,	,	PUNCT
gujaf-425	78	19	while	while	SCONJ
gujaf-425	78	20	financial	financial	ADJ
gujaf-425	78	21	performance	performance	NOUN
gujaf-425	78	22	mainly	mainly	ADV
gujaf-425	78	23	helps	help	VERB
gujaf-425	78	24	the	the	DET
gujaf-425	78	25	microfinance	microfinance	NOUN
gujaf-425	78	26	institution	institution	NOUN
gujaf-425	78	27	stay	stay	VERB
gujaf-425	78	28	strong	strong	ADJ
gujaf-425	78	29	and	and	CCONJ
gujaf-425	78	30	stable	stable	ADJ
gujaf-425	78	31	over	over	ADP
gujaf-425	78	32	time	time	NOUN
gujaf-425	78	33	.	.	PUNCT
gujaf-425	79	1	zeb	zeb	NOUN
gujaf-425	79	2	et	et	NOUN
gujaf-425	79	3	al	al	PROPN
gujaf-425	79	4	.	.	PROPN
gujaf-425	79	5	(	(	PUNCT
gujaf-425	79	6	2021	2021	NUM
gujaf-425	79	7	)	)	PUNCT
gujaf-425	79	8	examined	examine	VERB
gujaf-425	79	9	the	the	DET
gujaf-425	79	10	role	role	NOUN
gujaf-425	79	11	of	of	ADP
gujaf-425	79	12	microfinance	microfinance	NOUN
gujaf-425	79	13	institutions	institution	NOUN
gujaf-425	79	14	(	(	PUNCT
gujaf-425	79	15	mfis	mfis	PROPN
gujaf-425	79	16	)	)	PUNCT
gujaf-425	79	17	in	in	ADP
gujaf-425	79	18	fostering	foster	VERB
gujaf-425	79	19	economic	economic	ADJ
gujaf-425	79	20	development	development	NOUN
gujaf-425	79	21	,	,	PUNCT
gujaf-425	79	22	with	with	ADP
gujaf-425	79	23	a	a	DET
gujaf-425	79	24	focus	focus	NOUN
gujaf-425	79	25	on	on	ADP
gujaf-425	79	26	outreach	outreach	NOUN
gujaf-425	79	27	,	,	PUNCT
gujaf-425	79	28	growth	growth	NOUN
gujaf-425	79	29	,	,	PUNCT
gujaf-425	79	30	and	and	CCONJ
gujaf-425	79	31	the	the	DET
gujaf-425	79	32	key	key	ADJ
gujaf-425	79	33	challenges	challenge	NOUN
gujaf-425	79	34	faced	face	VERB
gujaf-425	79	35	by	by	ADP
gujaf-425	79	36	microfinance	microfinance	NOUN
gujaf-425	79	37	banks	bank	NOUN
gujaf-425	79	38	(	(	PUNCT
gujaf-425	79	39	mfbs	mfbs	PROPN
gujaf-425	79	40	)	)	PUNCT
gujaf-425	79	41	and	and	CCONJ
gujaf-425	79	42	mfis	mfi	VERB
gujaf-425	79	43	in	in	ADP
gujaf-425	79	44	muzaffarabad	muzaffarabad	PROPN
gujaf-425	79	45	,	,	PUNCT
gujaf-425	79	46	pakistan	pakistan	PROPN
gujaf-425	79	47	.	.	PUNCT
gujaf-425	80	1	utilizing	utilize	VERB
gujaf-425	80	2	data	datum	NOUN
gujaf-425	80	3	from	from	ADP
gujaf-425	80	4	microfinance	microfinance	NOUN
gujaf-425	80	5	gusau	gusau	PROPN
gujaf-425	80	6	journal	journal	NOUN
gujaf-425	80	7	of	of	ADP
gujaf-425	80	8	accounting	accounting	NOUN
gujaf-425	80	9	and	and	CCONJ
gujaf-425	80	10	finance	finance	NOUN
gujaf-425	80	11	,	,	PUNCT
gujaf-425	80	12	vol.6	vol.6	PROPN
gujaf-425	80	13	,	,	PUNCT
gujaf-425	80	14	issue	issue	NOUN
gujaf-425	80	15	2	2	NUM
gujaf-425	80	16	,	,	PUNCT
gujaf-425	80	17	april	april	PROPN
gujaf-425	80	18	,	,	PUNCT
gujaf-425	80	19	2025	2025	NUM
gujaf-425	80	20	212	212	NUM
gujaf-425	80	21	institutions	institution	NOUN
gujaf-425	80	22	and	and	CCONJ
gujaf-425	80	23	banks	bank	NOUN
gujaf-425	80	24	,	,	PUNCT
gujaf-425	80	25	along	along	ADP
gujaf-425	80	26	with	with	ADP
gujaf-425	80	27	qualitative	qualitative	ADJ
gujaf-425	80	28	insights	insight	NOUN
gujaf-425	80	29	from	from	ADP
gujaf-425	80	30	interviews	interview	NOUN
gujaf-425	80	31	and	and	CCONJ
gujaf-425	80	32	focus	focus	VERB
gujaf-425	80	33	group	group	NOUN
gujaf-425	80	34	discussions	discussion	NOUN
gujaf-425	80	35	,	,	PUNCT
gujaf-425	80	36	the	the	DET
gujaf-425	80	37	study	study	NOUN
gujaf-425	80	38	evaluated	evaluate	VERB
gujaf-425	80	39	lending	lending	NOUN
gujaf-425	80	40	operations	operation	NOUN
gujaf-425	80	41	,	,	PUNCT
gujaf-425	80	42	poverty	poverty	NOUN
gujaf-425	80	43	headcount	headcount	NOUN
gujaf-425	80	44	figures	figure	NOUN
gujaf-425	80	45	,	,	PUNCT
gujaf-425	80	46	service	service	NOUN
gujaf-425	80	47	delivery	delivery	NOUN
gujaf-425	80	48	,	,	PUNCT
gujaf-425	80	49	and	and	CCONJ
gujaf-425	80	50	the	the	DET
gujaf-425	80	51	potential	potential	NOUN
gujaf-425	80	52	for	for	ADP
gujaf-425	80	53	expanding	expand	VERB
gujaf-425	80	54	microfinance	microfinance	NOUN
gujaf-425	80	55	in	in	ADP
gujaf-425	80	56	the	the	DET
gujaf-425	80	57	region	region	NOUN
gujaf-425	80	58	.	.	PUNCT
gujaf-425	81	1	the	the	DET
gujaf-425	81	2	findings	finding	NOUN
gujaf-425	81	3	revealed	reveal	VERB
gujaf-425	81	4	that	that	SCONJ
gujaf-425	81	5	the	the	DET
gujaf-425	81	6	sector	sector	NOUN
gujaf-425	81	7	experiences	experience	VERB
gujaf-425	81	8	financial	financial	ADJ
gujaf-425	81	9	instability	instability	NOUN
gujaf-425	81	10	,	,	PUNCT
gujaf-425	81	11	largely	largely	ADV
gujaf-425	81	12	due	due	ADJ
gujaf-425	81	13	to	to	ADP
gujaf-425	81	14	reliance	reliance	NOUN
gujaf-425	81	15	on	on	ADP
gujaf-425	81	16	conventional	conventional	ADJ
gujaf-425	81	17	funding	funding	NOUN
gujaf-425	81	18	sources	source	NOUN
gujaf-425	81	19	,	,	PUNCT
gujaf-425	81	20	and	and	CCONJ
gujaf-425	81	21	is	be	AUX
gujaf-425	81	22	constrained	constrain	VERB
gujaf-425	81	23	by	by	ADP
gujaf-425	81	24	various	various	ADJ
gujaf-425	81	25	internal	internal	ADJ
gujaf-425	81	26	and	and	CCONJ
gujaf-425	81	27	external	external	ADJ
gujaf-425	81	28	barriers	barrier	NOUN
gujaf-425	81	29	to	to	ADP
gujaf-425	81	30	growth	growth	NOUN
gujaf-425	81	31	.	.	PUNCT
gujaf-425	82	1	adnan	adnan	PROPN
gujaf-425	82	2	and	and	CCONJ
gujaf-425	82	3	kumar	kumar	PROPN
gujaf-425	82	4	(	(	PUNCT
gujaf-425	82	5	2021	2021	NUM
gujaf-425	82	6	)	)	PUNCT
gujaf-425	82	7	investigated	investigate	VERB
gujaf-425	82	8	the	the	DET
gujaf-425	82	9	contribution	contribution	NOUN
gujaf-425	82	10	of	of	ADP
gujaf-425	82	11	microfinance	microfinance	NOUN
gujaf-425	82	12	to	to	ADP
gujaf-425	82	13	economic	economic	ADJ
gujaf-425	82	14	development	development	NOUN
gujaf-425	82	15	,	,	PUNCT
gujaf-425	82	16	with	with	ADP
gujaf-425	82	17	a	a	DET
gujaf-425	82	18	particular	particular	ADJ
gujaf-425	82	19	focus	focus	NOUN
gujaf-425	82	20	on	on	ADP
gujaf-425	82	21	india	india	PROPN
gujaf-425	82	22	.	.	PUNCT
gujaf-425	83	1	they	they	PRON
gujaf-425	83	2	examined	examine	VERB
gujaf-425	83	3	how	how	SCONJ
gujaf-425	83	4	microfinance	microfinance	NOUN
gujaf-425	83	5	institutions	institution	NOUN
gujaf-425	83	6	(	(	PUNCT
gujaf-425	83	7	mfis	mfis	PROPN
gujaf-425	83	8	)	)	PUNCT
gujaf-425	83	9	deliver	deliver	VERB
gujaf-425	83	10	financial	financial	ADJ
gujaf-425	83	11	services	service	NOUN
gujaf-425	83	12	,	,	PUNCT
gujaf-425	83	13	including	include	VERB
gujaf-425	83	14	loans	loan	NOUN
gujaf-425	83	15	,	,	PUNCT
gujaf-425	83	16	savings	saving	NOUN
gujaf-425	83	17	,	,	PUNCT
gujaf-425	83	18	and	and	CCONJ
gujaf-425	83	19	insurance	insurance	NOUN
gujaf-425	83	20	,	,	PUNCT
gujaf-425	83	21	to	to	PART
gujaf-425	83	22	lowand	lowand	VERB
gujaf-425	83	23	moderate	moderate	ADJ
gujaf-425	83	24	-	-	PUNCT
gujaf-425	83	25	income	income	NOUN
gujaf-425	83	26	individuals	individual	NOUN
gujaf-425	83	27	and	and	CCONJ
gujaf-425	83	28	small	small	ADJ
gujaf-425	83	29	enterprises	enterprise	NOUN
gujaf-425	83	30	.	.	PUNCT
gujaf-425	84	1	these	these	DET
gujaf-425	84	2	services	service	NOUN
gujaf-425	84	3	,	,	PUNCT
gujaf-425	84	4	notably	notably	ADV
gujaf-425	84	5	low	low	ADJ
gujaf-425	84	6	-	-	PUNCT
gujaf-425	84	7	interest	interest	NOUN
gujaf-425	84	8	microloans	microloan	NOUN
gujaf-425	84	9	,	,	PUNCT
gujaf-425	84	10	are	be	AUX
gujaf-425	84	11	crucial	crucial	ADJ
gujaf-425	84	12	for	for	ADP
gujaf-425	84	13	enabling	enable	VERB
gujaf-425	84	14	small	small	ADJ
gujaf-425	84	15	business	business	NOUN
gujaf-425	84	16	owners	owner	NOUN
gujaf-425	84	17	to	to	PART
gujaf-425	84	18	escape	escape	VERB
gujaf-425	84	19	poverty	poverty	NOUN
gujaf-425	84	20	.	.	PUNCT
gujaf-425	85	1	mfis	mfis	PROPN
gujaf-425	85	2	support	support	VERB
gujaf-425	85	3	both	both	CCONJ
gujaf-425	85	4	economic	economic	ADJ
gujaf-425	85	5	and	and	CCONJ
gujaf-425	85	6	social	social	ADJ
gujaf-425	85	7	progress	progress	NOUN
gujaf-425	85	8	by	by	ADP
gujaf-425	85	9	enhancing	enhance	VERB
gujaf-425	85	10	the	the	DET
gujaf-425	85	11	financial	financial	ADJ
gujaf-425	85	12	stability	stability	NOUN
gujaf-425	85	13	,	,	PUNCT
gujaf-425	85	14	predictability	predictability	NOUN
gujaf-425	85	15	,	,	PUNCT
gujaf-425	85	16	and	and	CCONJ
gujaf-425	85	17	security	security	NOUN
gujaf-425	85	18	of	of	ADP
gujaf-425	85	19	disadvantaged	disadvantaged	ADJ
gujaf-425	85	20	populations	population	NOUN
gujaf-425	85	21	.	.	PUNCT
gujaf-425	86	1	such	such	ADJ
gujaf-425	86	2	access	access	NOUN
gujaf-425	86	3	allows	allow	VERB
gujaf-425	86	4	individuals	individual	NOUN
gujaf-425	86	5	to	to	PART
gujaf-425	86	6	better	well	ADJ
gujaf-425	86	7	plan	plan	VERB
gujaf-425	86	8	for	for	ADP
gujaf-425	86	9	their	their	PRON
gujaf-425	86	10	futures	future	NOUN
gujaf-425	86	11	,	,	PUNCT
gujaf-425	86	12	improving	improve	VERB
gujaf-425	86	13	their	their	PRON
gujaf-425	86	14	quality	quality	NOUN
gujaf-425	86	15	of	of	ADP
gujaf-425	86	16	life	life	NOUN
gujaf-425	86	17	through	through	ADP
gujaf-425	86	18	education	education	NOUN
gujaf-425	86	19	,	,	PUNCT
gujaf-425	86	20	healthcare	healthcare	PROPN
gujaf-425	86	21	,	,	PUNCT
gujaf-425	86	22	and	and	CCONJ
gujaf-425	86	23	increased	increase	VERB
gujaf-425	86	24	autonomy	autonomy	NOUN
gujaf-425	86	25	.	.	PUNCT
gujaf-425	87	1	the	the	DET
gujaf-425	87	2	study	study	NOUN
gujaf-425	87	3	also	also	ADV
gujaf-425	87	4	pointed	point	VERB
gujaf-425	87	5	out	out	ADP
gujaf-425	87	6	that	that	SCONJ
gujaf-425	87	7	the	the	DET
gujaf-425	87	8	high	high	ADJ
gujaf-425	87	9	capital	capital	NOUN
gujaf-425	87	10	costs	cost	NOUN
gujaf-425	87	11	associated	associate	VERB
gujaf-425	87	12	with	with	ADP
gujaf-425	87	13	microfinance	microfinance	NOUN
gujaf-425	87	14	contribute	contribute	VERB
gujaf-425	87	15	to	to	ADP
gujaf-425	87	16	elevated	elevated	ADJ
gujaf-425	87	17	interest	interest	NOUN
gujaf-425	87	18	rates	rate	NOUN
gujaf-425	87	19	.	.	PUNCT
gujaf-425	88	1	furthermore	furthermore	ADV
gujaf-425	88	2	,	,	PUNCT
gujaf-425	88	3	mfis	mfi	VERB
gujaf-425	88	4	often	often	ADV
gujaf-425	88	5	rely	rely	VERB
gujaf-425	88	6	on	on	ADP
gujaf-425	88	7	commercial	commercial	ADJ
gujaf-425	88	8	bank	bank	NOUN
gujaf-425	88	9	funding	funding	NOUN
gujaf-425	88	10	at	at	ADP
gujaf-425	88	11	prevailing	prevail	VERB
gujaf-425	88	12	market	market	NOUN
gujaf-425	88	13	rates	rate	NOUN
gujaf-425	88	14	,	,	PUNCT
gujaf-425	88	15	which	which	PRON
gujaf-425	88	16	can	can	AUX
gujaf-425	88	17	increase	increase	VERB
gujaf-425	88	18	lending	lending	NOUN
gujaf-425	88	19	costs	cost	NOUN
gujaf-425	88	20	.	.	PUNCT
gujaf-425	89	1	otekunrin	otekunrin	NOUN
gujaf-425	89	2	et	et	PROPN
gujaf-425	89	3	al	al	PROPN
gujaf-425	89	4	.	.	PROPN
gujaf-425	90	1	(	(	PUNCT
gujaf-425	90	2	2022	2022	NUM
gujaf-425	90	3	)	)	PUNCT
gujaf-425	90	4	examined	examine	VERB
gujaf-425	90	5	the	the	DET
gujaf-425	90	6	impact	impact	NOUN
gujaf-425	90	7	of	of	ADP
gujaf-425	90	8	microfinance	microfinance	NOUN
gujaf-425	90	9	banks	bank	NOUN
gujaf-425	90	10	on	on	ADP
gujaf-425	90	11	nigeria	nigeria	PROPN
gujaf-425	90	12	’s	’s	PART
gujaf-425	90	13	economic	economic	ADJ
gujaf-425	90	14	development	development	NOUN
gujaf-425	90	15	using	use	VERB
gujaf-425	90	16	data	datum	NOUN
gujaf-425	90	17	from	from	ADP
gujaf-425	90	18	1996	1996	NUM
gujaf-425	90	19	to	to	ADP
gujaf-425	90	20	2019	2019	NUM
gujaf-425	90	21	.	.	PUNCT
gujaf-425	91	1	the	the	DET
gujaf-425	91	2	study	study	NOUN
gujaf-425	91	3	employed	employ	VERB
gujaf-425	91	4	vector	vector	NOUN
gujaf-425	91	5	autoregressive	autoregressive	ADJ
gujaf-425	91	6	(	(	PUNCT
gujaf-425	91	7	var	var	NOUN
gujaf-425	91	8	)	)	PUNCT
gujaf-425	91	9	modeling	modeling	NOUN
gujaf-425	91	10	to	to	PART
gujaf-425	91	11	assess	assess	VERB
gujaf-425	91	12	how	how	SCONJ
gujaf-425	91	13	microfinance	microfinance	NOUN
gujaf-425	91	14	banks	bank	NOUN
gujaf-425	91	15	’	’	PART
gujaf-425	91	16	total	total	ADJ
gujaf-425	91	17	loans	loan	NOUN
gujaf-425	91	18	and	and	CCONJ
gujaf-425	91	19	advances	advance	NOUN
gujaf-425	91	20	,	,	PUNCT
gujaf-425	91	21	investments	investment	NOUN
gujaf-425	91	22	,	,	PUNCT
gujaf-425	91	23	and	and	CCONJ
gujaf-425	91	24	deposits	deposit	NOUN
gujaf-425	91	25	influenced	influence	VERB
gujaf-425	91	26	per	per	ADP
gujaf-425	91	27	capita	capita	NOUN
gujaf-425	91	28	income	income	NOUN
gujaf-425	91	29	.	.	PUNCT
gujaf-425	92	1	results	result	NOUN
gujaf-425	92	2	from	from	ADP
gujaf-425	92	3	the	the	DET
gujaf-425	92	4	johansen	johansen	PROPN
gujaf-425	92	5	cointegration	cointegration	PROPN
gujaf-425	92	6	test	test	NOUN
gujaf-425	92	7	confirmed	confirm	VERB
gujaf-425	92	8	a	a	DET
gujaf-425	92	9	long	long	ADJ
gujaf-425	92	10	-	-	PUNCT
gujaf-425	92	11	term	term	NOUN
gujaf-425	92	12	relationship	relationship	NOUN
gujaf-425	92	13	between	between	ADP
gujaf-425	92	14	microfinance	microfinance	NOUN
gujaf-425	92	15	banks	bank	NOUN
gujaf-425	92	16	and	and	CCONJ
gujaf-425	92	17	nigeria	nigeria	PROPN
gujaf-425	92	18	’s	’s	PART
gujaf-425	92	19	economic	economic	ADJ
gujaf-425	92	20	development	development	NOUN
gujaf-425	92	21	.	.	PUNCT
gujaf-425	93	1	however	however	ADV
gujaf-425	93	2	,	,	PUNCT
gujaf-425	93	3	the	the	DET
gujaf-425	93	4	var	var	NOUN
gujaf-425	93	5	analysis	analysis	NOUN
gujaf-425	93	6	indicated	indicate	VERB
gujaf-425	93	7	that	that	SCONJ
gujaf-425	93	8	,	,	PUNCT
gujaf-425	93	9	in	in	ADP
gujaf-425	93	10	the	the	DET
gujaf-425	93	11	short	short	ADJ
gujaf-425	93	12	term	term	NOUN
gujaf-425	93	13	,	,	PUNCT
gujaf-425	93	14	microfinance	microfinance	NOUN
gujaf-425	93	15	bank	bank	NOUN
gujaf-425	93	16	activities	activity	NOUN
gujaf-425	93	17	had	have	VERB
gujaf-425	93	18	a	a	DET
gujaf-425	93	19	positive	positive	ADJ
gujaf-425	93	20	but	but	CCONJ
gujaf-425	93	21	statistically	statistically	ADV
gujaf-425	93	22	insignificant	insignificant	ADJ
gujaf-425	93	23	effect	effect	NOUN
gujaf-425	93	24	.	.	PUNCT
gujaf-425	94	1	the	the	DET
gujaf-425	94	2	study	study	NOUN
gujaf-425	94	3	concluded	conclude	VERB
gujaf-425	94	4	that	that	SCONJ
gujaf-425	94	5	microfinance	microfinance	NOUN
gujaf-425	94	6	banks	bank	NOUN
gujaf-425	94	7	have	have	AUX
gujaf-425	94	8	not	not	PART
gujaf-425	94	9	yet	yet	ADV
gujaf-425	94	10	made	make	VERB
gujaf-425	94	11	a	a	DET
gujaf-425	94	12	significant	significant	ADJ
gujaf-425	94	13	short	short	ADJ
gujaf-425	94	14	-	-	PUNCT
gujaf-425	94	15	term	term	NOUN
gujaf-425	94	16	impact	impact	NOUN
gujaf-425	94	17	on	on	ADP
gujaf-425	94	18	poverty	poverty	NOUN
gujaf-425	94	19	alleviation	alleviation	NOUN
gujaf-425	94	20	,	,	PUNCT
gujaf-425	94	21	unemployment	unemployment	NOUN
gujaf-425	94	22	reduction	reduction	NOUN
gujaf-425	94	23	,	,	PUNCT
gujaf-425	94	24	or	or	CCONJ
gujaf-425	94	25	improvements	improvement	NOUN
gujaf-425	94	26	in	in	ADP
gujaf-425	94	27	living	living	NOUN
gujaf-425	94	28	standards	standard	NOUN
gujaf-425	94	29	.	.	PUNCT
gujaf-425	95	1	chukwujindum	chukwujindum	PROPN
gujaf-425	95	2	and	and	CCONJ
gujaf-425	95	3	kalu	kalu	PROPN
gujaf-425	95	4	(	(	PUNCT
gujaf-425	95	5	2023	2023	NUM
gujaf-425	95	6	)	)	PUNCT
gujaf-425	95	7	investigated	investigate	VERB
gujaf-425	95	8	the	the	DET
gujaf-425	95	9	impact	impact	NOUN
gujaf-425	95	10	of	of	ADP
gujaf-425	95	11	microfinance	microfinance	NOUN
gujaf-425	95	12	on	on	ADP
gujaf-425	95	13	nigeria	nigeria	PROPN
gujaf-425	95	14	’s	’s	PART
gujaf-425	95	15	economic	economic	ADJ
gujaf-425	95	16	development	development	NOUN
gujaf-425	95	17	using	use	VERB
gujaf-425	95	18	the	the	DET
gujaf-425	95	19	autoregressive	autoregressive	ADJ
gujaf-425	95	20	distributed	distribute	VERB
gujaf-425	95	21	lag	lag	NOUN
gujaf-425	95	22	(	(	PUNCT
gujaf-425	95	23	ardl	ardl	NOUN
gujaf-425	95	24	)	)	PUNCT
gujaf-425	95	25	model	model	NOUN
gujaf-425	95	26	.	.	PUNCT
gujaf-425	96	1	they	they	PRON
gujaf-425	96	2	analyzed	analyze	VERB
gujaf-425	96	3	secondary	secondary	ADJ
gujaf-425	96	4	data	datum	NOUN
gujaf-425	96	5	from	from	ADP
gujaf-425	96	6	2000	2000	NUM
gujaf-425	96	7	to	to	ADP
gujaf-425	96	8	2020	2020	NUM
gujaf-425	96	9	sourced	source	VERB
gujaf-425	96	10	from	from	ADP
gujaf-425	96	11	the	the	DET
gujaf-425	96	12	world	world	NOUN
gujaf-425	96	13	development	development	NOUN
gujaf-425	96	14	indicators	indicator	NOUN
gujaf-425	96	15	and	and	CCONJ
gujaf-425	96	16	the	the	DET
gujaf-425	96	17	central	central	ADJ
gujaf-425	96	18	bank	bank	PROPN
gujaf-425	96	19	of	of	ADP
gujaf-425	96	20	nigeria	nigeria	PROPN
gujaf-425	96	21	’s	’s	PART
gujaf-425	96	22	statistical	statistical	ADJ
gujaf-425	96	23	bulletin	bulletin	NOUN
gujaf-425	96	24	,	,	PUNCT
gujaf-425	96	25	employing	employ	VERB
gujaf-425	96	26	e	e	NOUN
gujaf-425	96	27	-	-	NOUN
gujaf-425	96	28	views	view	NOUN
gujaf-425	96	29	10	10	NUM
gujaf-425	96	30	for	for	ADP
gujaf-425	96	31	hypothesis	hypothesis	NOUN
gujaf-425	96	32	testing	testing	NOUN
gujaf-425	96	33	.	.	PUNCT
gujaf-425	97	1	their	their	PRON
gujaf-425	97	2	results	result	NOUN
gujaf-425	97	3	showed	show	VERB
gujaf-425	97	4	a	a	DET
gujaf-425	97	5	significant	significant	ADJ
gujaf-425	97	6	relationship	relationship	NOUN
gujaf-425	97	7	between	between	ADP
gujaf-425	97	8	microfinance	microfinance	NOUN
gujaf-425	97	9	savings	saving	NOUN
gujaf-425	97	10	(	(	PUNCT
gujaf-425	97	11	mfsavs	mfsavs	NOUN
gujaf-425	97	12	)	)	PUNCT
gujaf-425	97	13	and	and	CCONJ
gujaf-425	97	14	gdp	gdp	NOUN
gujaf-425	97	15	,	,	PUNCT
gujaf-425	97	16	with	with	ADP
gujaf-425	97	17	a	a	DET
gujaf-425	97	18	decrease	decrease	NOUN
gujaf-425	97	19	in	in	ADP
gujaf-425	97	20	microfinance	microfinance	NOUN
gujaf-425	97	21	savings	saving	NOUN
gujaf-425	97	22	negatively	negatively	ADV
gujaf-425	97	23	affecting	affect	VERB
gujaf-425	97	24	gdp	gdp	NOUN
gujaf-425	97	25	(	(	PUNCT
gujaf-425	97	26	coefficient	coefficient	NOUN
gujaf-425	97	27	=	=	X
gujaf-425	97	28	-0.0685	-0.0685	NOUN
gujaf-425	97	29	,	,	PUNCT
gujaf-425	97	30	p	p	X
gujaf-425	97	31	=	=	PROPN
gujaf-425	97	32	0.0447	0.0447	NUM
gujaf-425	97	33	)	)	PUNCT
gujaf-425	97	34	.	.	PUNCT
gujaf-425	98	1	in	in	ADP
gujaf-425	98	2	contrast	contrast	NOUN
gujaf-425	98	3	,	,	PUNCT
gujaf-425	98	4	an	an	DET
gujaf-425	98	5	increase	increase	NOUN
gujaf-425	98	6	in	in	ADP
gujaf-425	98	7	microfinance	microfinance	NOUN
gujaf-425	98	8	loans	loan	NOUN
gujaf-425	98	9	positively	positively	ADV
gujaf-425	98	10	influenced	influence	VERB
gujaf-425	98	11	gdp	gdp	NOUN
gujaf-425	98	12	(	(	PUNCT
gujaf-425	98	13	coefficient	coefficient	NOUN
gujaf-425	98	14	=	=	PUNCT
gujaf-425	98	15	0.0448	0.0448	NUM
gujaf-425	98	16	,	,	PUNCT
gujaf-425	98	17	p	p	NOUN
gujaf-425	98	18	=	=	NOUN
gujaf-425	98	19	0.0229	0.0229	NUM
gujaf-425	98	20	)	)	PUNCT
gujaf-425	98	21	.	.	PUNCT
gujaf-425	99	1	however	however	ADV
gujaf-425	99	2	,	,	PUNCT
gujaf-425	99	3	the	the	DET
gujaf-425	99	4	study	study	NOUN
gujaf-425	99	5	found	find	VERB
gujaf-425	99	6	no	no	DET
gujaf-425	99	7	significant	significant	ADJ
gujaf-425	99	8	effect	effect	NOUN
gujaf-425	99	9	of	of	ADP
gujaf-425	99	10	microfinance	microfinance	NOUN
gujaf-425	99	11	investments	investment	NOUN
gujaf-425	99	12	on	on	ADP
gujaf-425	99	13	gdp	gdp	NOUN
gujaf-425	99	14	(	(	PUNCT
gujaf-425	99	15	coefficient	coefficient	NOUN
gujaf-425	99	16	=	=	NOUN
gujaf-425	99	17	0.008	0.008	NUM
gujaf-425	99	18	,	,	PUNCT
gujaf-425	99	19	p	p	NOUN
gujaf-425	99	20	=	=	NOUN
gujaf-425	99	21	0.705	0.705	NUM
gujaf-425	99	22	)	)	PUNCT
gujaf-425	99	23	.	.	PUNCT
gujaf-425	100	1	babalola	babalola	PROPN
gujaf-425	100	2	et	et	PROPN
gujaf-425	100	3	al	al	PROPN
gujaf-425	100	4	.	.	PROPN
gujaf-425	100	5	(	(	PUNCT
gujaf-425	100	6	2023	2023	NUM
gujaf-425	100	7	)	)	PUNCT
gujaf-425	100	8	provide	provide	VERB
gujaf-425	100	9	a	a	DET
gujaf-425	100	10	comprehensive	comprehensive	ADJ
gujaf-425	100	11	review	review	NOUN
gujaf-425	100	12	of	of	ADP
gujaf-425	100	13	the	the	DET
gujaf-425	100	14	impact	impact	NOUN
gujaf-425	100	15	and	and	CCONJ
gujaf-425	100	16	sustainability	sustainability	NOUN
gujaf-425	100	17	of	of	ADP
gujaf-425	100	18	microfinance	microfinance	NOUN
gujaf-425	100	19	in	in	ADP
gujaf-425	100	20	nigeria	nigeria	PROPN
gujaf-425	100	21	,	,	PUNCT
gujaf-425	100	22	focusing	focus	VERB
gujaf-425	100	23	on	on	ADP
gujaf-425	100	24	its	its	PRON
gujaf-425	100	25	role	role	NOUN
gujaf-425	100	26	in	in	ADP
gujaf-425	100	27	promoting	promote	VERB
gujaf-425	100	28	economic	economic	ADJ
gujaf-425	100	29	empowerment	empowerment	NOUN
gujaf-425	100	30	.	.	PUNCT
gujaf-425	101	1	through	through	ADP
gujaf-425	101	2	a	a	DET
gujaf-425	101	3	detailed	detailed	ADJ
gujaf-425	101	4	analysis	analysis	NOUN
gujaf-425	101	5	of	of	ADP
gujaf-425	101	6	existing	exist	VERB
gujaf-425	101	7	literature	literature	NOUN
gujaf-425	101	8	,	,	PUNCT
gujaf-425	101	9	the	the	DET
gujaf-425	101	10	study	study	NOUN
gujaf-425	101	11	explores	explore	VERB
gujaf-425	101	12	the	the	DET
gujaf-425	101	13	historical	historical	ADJ
gujaf-425	101	14	development	development	NOUN
gujaf-425	101	15	,	,	PUNCT
gujaf-425	101	16	socioeconomic	socioeconomic	ADJ
gujaf-425	101	17	effects	effect	NOUN
gujaf-425	101	18	,	,	PUNCT
gujaf-425	101	19	and	and	CCONJ
gujaf-425	101	20	the	the	DET
gujaf-425	101	21	contribution	contribution	NOUN
gujaf-425	101	22	of	of	ADP
gujaf-425	101	23	microfinance	microfinance	NOUN
gujaf-425	101	24	institutions	institution	NOUN
gujaf-425	101	25	to	to	ADP
gujaf-425	101	26	poverty	poverty	NOUN
gujaf-425	101	27	reduction	reduction	NOUN
gujaf-425	101	28	and	and	CCONJ
gujaf-425	101	29	entrepreneurial	entrepreneurial	ADJ
gujaf-425	101	30	growth	growth	NOUN
gujaf-425	101	31	in	in	ADP
gujaf-425	101	32	nigeria	nigeria	PROPN
gujaf-425	101	33	.	.	PUNCT
gujaf-425	102	1	while	while	SCONJ
gujaf-425	102	2	microfinance	microfinance	NOUN
gujaf-425	102	3	has	have	AUX
gujaf-425	102	4	significantly	significantly	ADV
gujaf-425	102	5	improved	improve	VERB
gujaf-425	102	6	financial	financial	ADJ
gujaf-425	102	7	inclusion	inclusion	NOUN
gujaf-425	102	8	and	and	CCONJ
gujaf-425	102	9	supported	support	VERB
gujaf-425	102	10	entrepreneurship	entrepreneurship	NOUN
gujaf-425	102	11	,	,	PUNCT
gujaf-425	102	12	it	it	PRON
gujaf-425	102	13	continues	continue	VERB
gujaf-425	102	14	to	to	PART
gujaf-425	102	15	face	face	VERB
gujaf-425	102	16	challenges	challenge	NOUN
gujaf-425	102	17	such	such	ADJ
gujaf-425	102	18	as	as	ADP
gujaf-425	102	19	high	high	ADJ
gujaf-425	102	20	loan	loan	NOUN
gujaf-425	102	21	default	default	NOUN
gujaf-425	102	22	rates	rate	NOUN
gujaf-425	102	23	and	and	CCONJ
gujaf-425	102	24	operational	operational	ADJ
gujaf-425	102	25	inefficiencies	inefficiency	NOUN
gujaf-425	102	26	.	.	PUNCT
gujaf-425	103	1	ali	ali	PROPN
gujaf-425	103	2	(	(	PUNCT
gujaf-425	103	3	2023	2023	NUM
gujaf-425	103	4	)	)	PUNCT
gujaf-425	103	5	studied	study	VERB
gujaf-425	103	6	how	how	SCONJ
gujaf-425	103	7	microfinance	microfinance	NOUN
gujaf-425	103	8	affects	affect	VERB
gujaf-425	103	9	economic	economic	ADJ
gujaf-425	103	10	growth	growth	NOUN
gujaf-425	103	11	in	in	ADP
gujaf-425	103	12	yemen	yemen	PROPN
gujaf-425	103	13	from	from	ADP
gujaf-425	103	14	1990	1990	NUM
gujaf-425	103	15	to	to	ADP
gujaf-425	103	16	2022	2022	NUM
gujaf-425	103	17	.	.	PUNCT
gujaf-425	104	1	using	use	VERB
gujaf-425	104	2	data	datum	NOUN
gujaf-425	104	3	on	on	ADP
gujaf-425	104	4	microfinance	microfinance	NOUN
gujaf-425	104	5	loans	loan	NOUN
gujaf-425	104	6	and	and	CCONJ
gujaf-425	104	7	gdp	gdp	NOUN
gujaf-425	104	8	from	from	ADP
gujaf-425	104	9	the	the	DET
gujaf-425	104	10	world	world	PROPN
gujaf-425	104	11	bank	bank	PROPN
gujaf-425	104	12	,	,	PUNCT
gujaf-425	104	13	the	the	DET
gujaf-425	104	14	study	study	NOUN
gujaf-425	104	15	used	use	VERB
gujaf-425	104	16	spss	spss	PROPN
gujaf-425	104	17	to	to	PART
gujaf-425	104	18	check	check	VERB
gujaf-425	104	19	the	the	DET
gujaf-425	104	20	relationship	relationship	NOUN
gujaf-425	104	21	between	between	ADP
gujaf-425	104	22	microfinance	microfinance	NOUN
gujaf-425	104	23	and	and	CCONJ
gujaf-425	104	24	growth	growth	NOUN
gujaf-425	104	25	.	.	PUNCT
gujaf-425	105	1	the	the	DET
gujaf-425	105	2	results	result	NOUN
gujaf-425	105	3	showed	show	VERB
gujaf-425	105	4	a	a	DET
gujaf-425	105	5	positive	positive	ADJ
gujaf-425	105	6	and	and	CCONJ
gujaf-425	105	7	gusau	gusau	ADJ
gujaf-425	105	8	journal	journal	NOUN
gujaf-425	105	9	of	of	ADP
gujaf-425	105	10	accounting	accounting	NOUN
gujaf-425	105	11	and	and	CCONJ
gujaf-425	105	12	finance	finance	NOUN
gujaf-425	105	13	,	,	PUNCT
gujaf-425	105	14	vol.6	vol.6	PROPN
gujaf-425	105	15	,	,	PUNCT
gujaf-425	105	16	issue	issue	NOUN
gujaf-425	105	17	2	2	NUM
gujaf-425	105	18	,	,	PUNCT
gujaf-425	105	19	april	april	PROPN
gujaf-425	105	20	,	,	PUNCT
gujaf-425	105	21	2025	2025	NUM
gujaf-425	105	22	213	213	NUM
gujaf-425	105	23	important	important	ADJ
gujaf-425	105	24	link	link	NOUN
gujaf-425	105	25	,	,	PUNCT
gujaf-425	105	26	meaning	mean	VERB
gujaf-425	105	27	microfinance	microfinance	NOUN
gujaf-425	105	28	helps	helps	AUX
gujaf-425	105	29	boost	boost	VERB
gujaf-425	105	30	economic	economic	ADJ
gujaf-425	105	31	development	development	NOUN
gujaf-425	105	32	in	in	ADP
gujaf-425	105	33	yemen	yemen	PROPN
gujaf-425	105	34	.	.	PUNCT
gujaf-425	106	1	the	the	DET
gujaf-425	106	2	effect	effect	NOUN
gujaf-425	106	3	was	be	AUX
gujaf-425	106	4	stronger	strong	ADJ
gujaf-425	106	5	in	in	ADP
gujaf-425	106	6	rural	rural	ADJ
gujaf-425	106	7	areas	area	NOUN
gujaf-425	106	8	,	,	PUNCT
gujaf-425	106	9	where	where	SCONJ
gujaf-425	106	10	formal	formal	ADJ
gujaf-425	106	11	banks	bank	NOUN
gujaf-425	106	12	are	be	AUX
gujaf-425	106	13	less	less	ADV
gujaf-425	106	14	common	common	ADJ
gujaf-425	106	15	,	,	PUNCT
gujaf-425	106	16	making	make	VERB
gujaf-425	106	17	microfinance	microfinance	NOUN
gujaf-425	106	18	a	a	DET
gujaf-425	106	19	key	key	ADJ
gujaf-425	106	20	way	way	NOUN
gujaf-425	106	21	for	for	SCONJ
gujaf-425	106	22	small	small	ADJ
gujaf-425	106	23	businesses	business	NOUN
gujaf-425	106	24	and	and	CCONJ
gujaf-425	106	25	entrepreneurs	entrepreneur	NOUN
gujaf-425	106	26	to	to	PART
gujaf-425	106	27	get	get	VERB
gujaf-425	106	28	money	money	NOUN
gujaf-425	106	29	.	.	PUNCT
gujaf-425	107	1	odeyale	odeyale	NOUN
gujaf-425	107	2	and	and	CCONJ
gujaf-425	107	3	ibrahim	ibrahim	PROPN
gujaf-425	107	4	(	(	PUNCT
gujaf-425	107	5	2024	2024	NUM
gujaf-425	107	6	)	)	PUNCT
gujaf-425	107	7	examined	examine	VERB
gujaf-425	107	8	the	the	DET
gujaf-425	107	9	influence	influence	NOUN
gujaf-425	107	10	of	of	ADP
gujaf-425	107	11	microfinance	microfinance	NOUN
gujaf-425	107	12	interventions	intervention	NOUN
gujaf-425	107	13	on	on	ADP
gujaf-425	107	14	nigeria	nigeria	PROPN
gujaf-425	107	15	’s	’s	PART
gujaf-425	107	16	economic	economic	ADJ
gujaf-425	107	17	development	development	NOUN
gujaf-425	107	18	,	,	PUNCT
gujaf-425	107	19	with	with	ADP
gujaf-425	107	20	a	a	DET
gujaf-425	107	21	focus	focus	NOUN
gujaf-425	107	22	on	on	ADP
gujaf-425	107	23	overall	overall	ADJ
gujaf-425	107	24	economic	economic	ADJ
gujaf-425	107	25	growth	growth	NOUN
gujaf-425	107	26	.	.	PUNCT
gujaf-425	108	1	employing	employ	VERB
gujaf-425	108	2	quantitative	quantitative	ADJ
gujaf-425	108	3	analysis	analysis	NOUN
gujaf-425	108	4	and	and	CCONJ
gujaf-425	108	5	a	a	DET
gujaf-425	108	6	literature	literature	NOUN
gujaf-425	108	7	review	review	NOUN
gujaf-425	108	8	,	,	PUNCT
gujaf-425	108	9	the	the	DET
gujaf-425	108	10	study	study	NOUN
gujaf-425	108	11	assessed	assess	VERB
gujaf-425	108	12	microfinance	microfinance	NOUN
gujaf-425	108	13	indicatorssuchas	indicatorssucha	VERB
gujaf-425	108	14	loan	loan	NOUN
gujaf-425	108	15	disbursements	disbursement	NOUN
gujaf-425	108	16	and	and	CCONJ
gujaf-425	108	17	the	the	DET
gujaf-425	108	18	number	number	NOUN
gujaf-425	108	19	of	of	ADP
gujaf-425	108	20	microfinance	microfinance	NOUN
gujaf-425	108	21	institutions	institution	NOUN
gujaf-425	108	22	,	,	PUNCT
gujaf-425	108	23	and	and	CCONJ
gujaf-425	108	24	their	their	PRON
gujaf-425	108	25	relationship	relationship	NOUN
gujaf-425	108	26	with	with	ADP
gujaf-425	108	27	real	real	ADJ
gujaf-425	108	28	gdp	gdp	NOUN
gujaf-425	108	29	growth	growth	NOUN
gujaf-425	108	30	.	.	PUNCT
gujaf-425	109	1	using	use	VERB
gujaf-425	109	2	fully	fully	ADV
gujaf-425	109	3	modified	modify	VERB
gujaf-425	109	4	ordinary	ordinary	ADJ
gujaf-425	109	5	least	least	ADJ
gujaf-425	109	6	squares	square	NOUN
gujaf-425	109	7	(	(	PUNCT
gujaf-425	109	8	fmols	fmol	NOUN
gujaf-425	109	9	)	)	PUNCT
gujaf-425	109	10	estimation	estimation	NOUN
gujaf-425	109	11	covering	cover	VERB
gujaf-425	109	12	the	the	DET
gujaf-425	109	13	period	period	NOUN
gujaf-425	109	14	from	from	ADP
gujaf-425	109	15	2003	2003	NUM
gujaf-425	109	16	to	to	ADP
gujaf-425	109	17	2022	2022	NUM
gujaf-425	109	18	,	,	PUNCT
gujaf-425	109	19	the	the	DET
gujaf-425	109	20	findings	finding	NOUN
gujaf-425	109	21	revealed	reveal	VERB
gujaf-425	109	22	significant	significant	ADJ
gujaf-425	109	23	positive	positive	ADJ
gujaf-425	109	24	associations	association	NOUN
gujaf-425	109	25	between	between	ADP
gujaf-425	109	26	microfinance	microfinance	NOUN
gujaf-425	109	27	activity	activity	NOUN
gujaf-425	109	28	and	and	CCONJ
gujaf-425	109	29	gdp	gdp	NOUN
gujaf-425	109	30	growth	growth	NOUN
gujaf-425	109	31	.	.	PUNCT
gujaf-425	110	1	specifically	specifically	ADV
gujaf-425	110	2	,	,	PUNCT
gujaf-425	110	3	both	both	DET
gujaf-425	110	4	microfinance	microfinance	NOUN
gujaf-425	110	5	loan	loan	NOUN
gujaf-425	110	6	disbursements	disbursement	NOUN
gujaf-425	110	7	and	and	CCONJ
gujaf-425	110	8	the	the	DET
gujaf-425	110	9	per	per	ADP
gujaf-425	110	10	capita	capita	NOUN
gujaf-425	110	11	number	number	NOUN
gujaf-425	110	12	of	of	ADP
gujaf-425	110	13	microfinance	microfinance	NOUN
gujaf-425	110	14	institutions	institution	NOUN
gujaf-425	110	15	showed	show	VERB
gujaf-425	110	16	statistically	statistically	ADV
gujaf-425	110	17	significant	significant	ADJ
gujaf-425	110	18	and	and	CCONJ
gujaf-425	110	19	positive	positive	ADJ
gujaf-425	110	20	impacts	impact	NOUN
gujaf-425	110	21	on	on	ADP
gujaf-425	110	22	economic	economic	ADJ
gujaf-425	110	23	development	development	NOUN
gujaf-425	110	24	.	.	PUNCT
gujaf-425	111	1	ananwude	ananwude	PROPN
gujaf-425	111	2	and	and	CCONJ
gujaf-425	111	3	lateef	lateef	PROPN
gujaf-425	111	4	(	(	PUNCT
gujaf-425	111	5	2024	2024	NUM
gujaf-425	111	6	)	)	PUNCT
gujaf-425	111	7	examined	examine	VERB
gujaf-425	111	8	the	the	DET
gujaf-425	111	9	impact	impact	NOUN
gujaf-425	111	10	of	of	ADP
gujaf-425	111	11	microfinance	microfinance	NOUN
gujaf-425	111	12	bank	bank	NOUN
gujaf-425	111	13	operations	operation	NOUN
gujaf-425	111	14	on	on	ADP
gujaf-425	111	15	nigeria	nigeria	PROPN
gujaf-425	111	16	’s	’s	PART
gujaf-425	111	17	economic	economic	ADJ
gujaf-425	111	18	development	development	NOUN
gujaf-425	111	19	from	from	ADP
gujaf-425	111	20	1986	1986	NUM
gujaf-425	111	21	to	to	ADP
gujaf-425	111	22	2022	2022	NUM
gujaf-425	111	23	.	.	PUNCT
gujaf-425	112	1	using	use	VERB
gujaf-425	112	2	secondary	secondary	ADJ
gujaf-425	112	3	data	datum	NOUN
gujaf-425	112	4	from	from	ADP
gujaf-425	112	5	the	the	DET
gujaf-425	112	6	central	central	ADJ
gujaf-425	112	7	bank	bank	PROPN
gujaf-425	112	8	of	of	ADP
gujaf-425	112	9	nigeria	nigeria	PROPN
gujaf-425	112	10	and	and	CCONJ
gujaf-425	112	11	the	the	DET
gujaf-425	112	12	world	world	PROPN
gujaf-425	112	13	bank	bank	PROPN
gujaf-425	112	14	,	,	PUNCT
gujaf-425	112	15	the	the	DET
gujaf-425	112	16	study	study	NOUN
gujaf-425	112	17	analyzed	analyze	VERB
gujaf-425	112	18	how	how	SCONJ
gujaf-425	112	19	microfinance	microfinance	NOUN
gujaf-425	112	20	credit	credit	NOUN
gujaf-425	112	21	,	,	PUNCT
gujaf-425	112	22	deposits	deposit	NOUN
gujaf-425	112	23	,	,	PUNCT
gujaf-425	112	24	and	and	CCONJ
gujaf-425	112	25	investments	investment	NOUN
gujaf-425	112	26	influenced	influence	VERB
gujaf-425	112	27	the	the	DET
gujaf-425	112	28	human	human	PROPN
gujaf-425	112	29	development	development	PROPN
gujaf-425	112	30	index	index	NOUN
gujaf-425	112	31	(	(	PUNCT
gujaf-425	112	32	hdi	hdi	PROPN
gujaf-425	112	33	)	)	PUNCT
gujaf-425	112	34	.	.	PUNCT
gujaf-425	113	1	the	the	DET
gujaf-425	113	2	ordinary	ordinary	ADJ
gujaf-425	113	3	least	least	ADJ
gujaf-425	113	4	squares	square	NOUN
gujaf-425	113	5	(	(	PUNCT
gujaf-425	113	6	ols	ol	NOUN
gujaf-425	113	7	)	)	PUNCT
gujaf-425	113	8	technique	technique	NOUN
gujaf-425	113	9	was	be	AUX
gujaf-425	113	10	employed	employ	VERB
gujaf-425	113	11	for	for	ADP
gujaf-425	113	12	estimation	estimation	NOUN
gujaf-425	113	13	,	,	PUNCT
gujaf-425	113	14	and	and	CCONJ
gujaf-425	113	15	the	the	DET
gujaf-425	113	16	results	result	NOUN
gujaf-425	113	17	indicated	indicate	VERB
gujaf-425	113	18	that	that	SCONJ
gujaf-425	113	19	none	none	NOUN
gujaf-425	113	20	of	of	ADP
gujaf-425	113	21	the	the	DET
gujaf-425	113	22	microfinance	microfinance	NOUN
gujaf-425	113	23	activities	activity	NOUN
gujaf-425	113	24	had	have	VERB
gujaf-425	113	25	a	a	DET
gujaf-425	113	26	statistically	statistically	ADV
gujaf-425	113	27	significant	significant	ADJ
gujaf-425	113	28	effect	effect	NOUN
gujaf-425	113	29	on	on	ADP
gujaf-425	113	30	the	the	DET
gujaf-425	113	31	hdi	hdi	PROPN
gujaf-425	113	32	.	.	PUNCT
gujaf-425	113	33	table	table	NOUN
gujaf-425	114	1	1	1	NUM
gujaf-425	114	2	:	:	PUNCT
gujaf-425	114	3	summary	summary	NOUN
gujaf-425	114	4	table	table	NOUN
gujaf-425	114	5	of	of	ADP
gujaf-425	114	6	literature	literature	PROPN
gujaf-425	114	7	review	review	PROPN
gujaf-425	114	8	author(s	author(s	PROPN
gujaf-425	114	9	)	)	PUNCT
gujaf-425	114	10	&	&	CCONJ
gujaf-425	114	11	year	year	PROPN
gujaf-425	114	12	country	country	NOUN
gujaf-425	114	13	variables	variable	NOUN
gujaf-425	114	14	method	method	VERB
gujaf-425	114	15	key	key	ADJ
gujaf-425	114	16	findings	finding	NOUN
gujaf-425	114	17	ochonogor	ochonogor	PROPN
gujaf-425	114	18	(	(	PUNCT
gujaf-425	114	19	2020	2020	NUM
gujaf-425	114	20	)	)	PUNCT
gujaf-425	114	21	nigeria	nigeria	PROPN
gujaf-425	114	22	microfinance	microfinance	PROPN
gujaf-425	114	23	lending	lending	NOUN
gujaf-425	114	24	,	,	PUNCT
gujaf-425	114	25	human	human	ADJ
gujaf-425	114	26	development	development	NOUN
gujaf-425	114	27	index	index	NOUN
gujaf-425	114	28	(	(	PUNCT
gujaf-425	114	29	hdi	hdi	PROPN
gujaf-425	114	30	)	)	PUNCT
gujaf-425	114	31	statistical	statistical	ADJ
gujaf-425	114	32	analysis	analysis	NOUN
gujaf-425	114	33	long	long	ADJ
gujaf-425	114	34	-	-	PUNCT
gujaf-425	114	35	term	term	NOUN
gujaf-425	114	36	positive	positive	ADJ
gujaf-425	114	37	link	link	NOUN
gujaf-425	114	38	between	between	ADP
gujaf-425	114	39	microfinance	microfinance	NOUN
gujaf-425	114	40	lending	lending	NOUN
gujaf-425	114	41	and	and	CCONJ
gujaf-425	114	42	hdi	hdi	PROPN
gujaf-425	114	43	;	;	PUNCT
gujaf-425	114	44	mfis	mfis	VERB
gujaf-425	114	45	improve	improve	VERB
gujaf-425	114	46	well	well	ADV
gujaf-425	114	47	-	-	PUNCT
gujaf-425	114	48	being	being	NOUN
gujaf-425	114	49	and	and	CCONJ
gujaf-425	114	50	economy	economy	NOUN
gujaf-425	114	51	.	.	PUNCT
gujaf-425	115	1	recommended	recommend	VERB
gujaf-425	115	2	greater	great	ADJ
gujaf-425	115	3	public	public	ADJ
gujaf-425	115	4	awareness	awareness	NOUN
gujaf-425	115	5	and	and	CCONJ
gujaf-425	115	6	cbn	cbn	PROPN
gujaf-425	115	7	involvement	involvement	NOUN
gujaf-425	115	8	in	in	ADP
gujaf-425	115	9	sme	sme	PROPN
gujaf-425	115	10	credit	credit	NOUN
gujaf-425	115	11	guarantee	guarantee	NOUN
gujaf-425	115	12	schemes	scheme	NOUN
gujaf-425	115	13	.	.	PUNCT
gujaf-425	116	1	ezeanyeji	ezeanyeji	PROPN
gujaf-425	116	2	et	et	PROPN
gujaf-425	116	3	al	al	PROPN
gujaf-425	116	4	.	.	PROPN
gujaf-425	117	1	(	(	PUNCT
gujaf-425	117	2	2020	2020	NUM
gujaf-425	117	3	)	)	PUNCT
gujaf-425	117	4	nigeria	nigeria	PROPN
gujaf-425	117	5	microfinance	microfinance	NOUN
gujaf-425	117	6	activities	activity	NOUN
gujaf-425	117	7	,	,	PUNCT
gujaf-425	117	8	poverty	poverty	NOUN
gujaf-425	117	9	,	,	PUNCT
gujaf-425	117	10	economic	economic	ADJ
gujaf-425	117	11	growth	growth	NOUN
gujaf-425	117	12	,	,	PUNCT
gujaf-425	117	13	job	job	NOUN
gujaf-425	117	14	creation	creation	NOUN
gujaf-425	117	15	empirical	empirical	ADJ
gujaf-425	117	16	analysis	analysis	NOUN
gujaf-425	117	17	microfinance	microfinance	NOUN
gujaf-425	117	18	had	have	VERB
gujaf-425	117	19	little	little	ADJ
gujaf-425	117	20	impact	impact	NOUN
gujaf-425	117	21	on	on	ADP
gujaf-425	117	22	poverty	poverty	NOUN
gujaf-425	117	23	reduction	reduction	NOUN
gujaf-425	117	24	or	or	CCONJ
gujaf-425	117	25	economic	economic	ADJ
gujaf-425	117	26	growth	growth	NOUN
gujaf-425	117	27	;	;	PUNCT
gujaf-425	117	28	negative	negative	ADJ
gujaf-425	117	29	effect	effect	NOUN
gujaf-425	117	30	on	on	ADP
gujaf-425	117	31	job	job	NOUN
gujaf-425	117	32	creation	creation	NOUN
gujaf-425	117	33	due	due	ADP
gujaf-425	117	34	to	to	ADP
gujaf-425	117	35	tough	tough	ADJ
gujaf-425	117	36	business	business	NOUN
gujaf-425	117	37	environment	environment	NOUN
gujaf-425	117	38	.	.	PUNCT
gujaf-425	118	1	suggested	suggest	VERB
gujaf-425	118	2	focus	focus	NOUN
gujaf-425	118	3	on	on	ADP
gujaf-425	118	4	productive	productive	ADJ
gujaf-425	118	5	businesses	business	NOUN
gujaf-425	118	6	and	and	CCONJ
gujaf-425	118	7	rural	rural	ADJ
gujaf-425	118	8	expansion	expansion	NOUN
gujaf-425	118	9	.	.	PUNCT
gujaf-425	119	1	barguellil	barguellil	NOUN
gujaf-425	119	2	&	&	CCONJ
gujaf-425	119	3	bettayeb	bettayeb	PROPN
gujaf-425	119	4	(	(	PUNCT
gujaf-425	119	5	2020	2020	NUM
gujaf-425	119	6	)	)	PUNCT
gujaf-425	119	7	tunisia	tunisia	NOUN
gujaf-425	119	8	microfinance	microfinance	NOUN
gujaf-425	119	9	,	,	PUNCT
gujaf-425	119	10	poverty	poverty	NOUN
gujaf-425	119	11	,	,	PUNCT
gujaf-425	119	12	income	income	NOUN
gujaf-425	119	13	inequality	inequality	NOUN
gujaf-425	119	14	vector	vector	NOUN
gujaf-425	119	15	autoregressive	autoregressive	ADJ
gujaf-425	119	16	(	(	PUNCT
gujaf-425	119	17	var	var	NOUN
gujaf-425	119	18	)	)	PUNCT
gujaf-425	119	19	microfinance	microfinance	NOUN
gujaf-425	119	20	reduced	reduce	VERB
gujaf-425	119	21	poverty	poverty	NOUN
gujaf-425	119	22	and	and	CCONJ
gujaf-425	119	23	income	income	NOUN
gujaf-425	119	24	inequality	inequality	NOUN
gujaf-425	119	25	;	;	PUNCT
gujaf-425	119	26	promoted	promote	VERB
gujaf-425	119	27	economic	economic	ADJ
gujaf-425	119	28	development	development	NOUN
gujaf-425	119	29	mainly	mainly	ADV
gujaf-425	119	30	through	through	ADP
gujaf-425	119	31	social	social	ADJ
gujaf-425	119	32	impact	impact	NOUN
gujaf-425	119	33	,	,	PUNCT
gujaf-425	119	34	with	with	ADP
gujaf-425	119	35	financial	financial	ADJ
gujaf-425	119	36	performance	performance	NOUN
gujaf-425	119	37	supporting	support	VERB
gujaf-425	119	38	institutional	institutional	ADJ
gujaf-425	119	39	stability	stability	NOUN
gujaf-425	119	40	.	.	PUNCT
gujaf-425	120	1	zeb	zeb	NOUN
gujaf-425	120	2	et	et	NOUN
gujaf-425	120	3	al	al	PROPN
gujaf-425	120	4	.	.	PROPN
gujaf-425	120	5	(	(	PUNCT
gujaf-425	120	6	2021	2021	NUM
gujaf-425	120	7	)	)	PUNCT
gujaf-425	120	8	pakistan	pakistan	PROPN
gujaf-425	120	9	microfinance	microfinance	PROPN
gujaf-425	120	10	outreach	outreach	NOUN
gujaf-425	120	11	,	,	PUNCT
gujaf-425	120	12	growth	growth	NOUN
gujaf-425	120	13	,	,	PUNCT
gujaf-425	120	14	challenges	challenge	VERB
gujaf-425	120	15	mixed	mixed	ADJ
gujaf-425	120	16	methods	method	NOUN
gujaf-425	120	17	(	(	PUNCT
gujaf-425	120	18	quantitative	quantitative	ADJ
gujaf-425	120	19	&	&	CCONJ
gujaf-425	120	20	qualitative	qualitative	ADJ
gujaf-425	120	21	)	)	PUNCT
gujaf-425	120	22	sector	sector	NOUN
gujaf-425	120	23	suffers	suffer	VERB
gujaf-425	120	24	financial	financial	ADJ
gujaf-425	120	25	instability	instability	NOUN
gujaf-425	120	26	from	from	ADP
gujaf-425	120	27	conventional	conventional	ADJ
gujaf-425	120	28	funding	funding	NOUN
gujaf-425	120	29	dependence	dependence	NOUN
gujaf-425	120	30	;	;	PUNCT
gujaf-425	120	31	growth	growth	NOUN
gujaf-425	120	32	constrained	constrain	VERB
gujaf-425	120	33	by	by	ADP
gujaf-425	120	34	internal	internal	ADJ
gujaf-425	120	35	and	and	CCONJ
gujaf-425	120	36	external	external	ADJ
gujaf-425	120	37	barriers	barrier	NOUN
gujaf-425	120	38	.	.	PUNCT
gujaf-425	121	1	adnan	adnan	PROPN
gujaf-425	121	2	&	&	CCONJ
gujaf-425	121	3	kumar	kumar	PROPN
gujaf-425	121	4	(	(	PUNCT
gujaf-425	121	5	2021	2021	NUM
gujaf-425	121	6	)	)	PUNCT
gujaf-425	121	7	india	india	PROPN
gujaf-425	121	8	microfinance	microfinance	PROPN
gujaf-425	121	9	services	service	NOUN
gujaf-425	121	10	(	(	PUNCT
gujaf-425	121	11	loans	loan	NOUN
gujaf-425	121	12	,	,	PUNCT
gujaf-425	121	13	savings	saving	NOUN
gujaf-425	121	14	,	,	PUNCT
gujaf-425	121	15	descriptive	descriptive	ADJ
gujaf-425	121	16	analysis	analysis	NOUN
gujaf-425	121	17	mfis	mfi	VERB
gujaf-425	121	18	enable	enable	VERB
gujaf-425	121	19	poverty	poverty	NOUN
gujaf-425	121	20	escape	escape	NOUN
gujaf-425	121	21	via	via	ADP
gujaf-425	121	22	low	low	ADJ
gujaf-425	121	23	-	-	PUNCT
gujaf-425	121	24	interest	interest	NOUN
gujaf-425	121	25	loans	loan	NOUN
gujaf-425	121	26	;	;	PUNCT
gujaf-425	121	27	improve	improve	VERB
gujaf-425	121	28	social	social	ADJ
gujaf-425	121	29	and	and	CCONJ
gujaf-425	121	30	economic	economic	ADJ
gujaf-425	121	31	welfare	welfare	NOUN
gujaf-425	121	32	.	.	PUNCT
gujaf-425	122	1	high	high	ADJ
gujaf-425	122	2	gusau	gusau	ADJ
gujaf-425	122	3	journal	journal	NOUN
gujaf-425	122	4	of	of	ADP
gujaf-425	122	5	accounting	accounting	NOUN
gujaf-425	122	6	and	and	CCONJ
gujaf-425	122	7	finance	finance	NOUN
gujaf-425	122	8	,	,	PUNCT
gujaf-425	122	9	vol.6	vol.6	PROPN
gujaf-425	122	10	,	,	PUNCT
gujaf-425	122	11	issue	issue	NOUN
gujaf-425	122	12	2	2	NUM
gujaf-425	122	13	,	,	PUNCT
gujaf-425	122	14	april	april	PROPN
gujaf-425	122	15	,	,	PUNCT
gujaf-425	122	16	2025	2025	NUM
gujaf-425	122	17	214	214	NUM
gujaf-425	122	18	insurance	insurance	NOUN
gujaf-425	122	19	)	)	PUNCT
gujaf-425	122	20	,	,	PUNCT
gujaf-425	122	21	capital	capital	NOUN
gujaf-425	122	22	costs	cost	NOUN
gujaf-425	122	23	,	,	PUNCT
gujaf-425	122	24	interest	interest	NOUN
gujaf-425	122	25	rates	rate	NOUN
gujaf-425	122	26	capital	capital	NOUN
gujaf-425	122	27	costs	cost	NOUN
gujaf-425	122	28	increase	increase	VERB
gujaf-425	122	29	interest	interest	NOUN
gujaf-425	122	30	rates	rate	NOUN
gujaf-425	122	31	;	;	PUNCT
gujaf-425	122	32	reliance	reliance	NOUN
gujaf-425	122	33	on	on	ADP
gujaf-425	122	34	commercial	commercial	ADJ
gujaf-425	122	35	banks	bank	NOUN
gujaf-425	122	36	raises	raise	VERB
gujaf-425	122	37	lending	lending	NOUN
gujaf-425	122	38	costs	cost	NOUN
gujaf-425	122	39	.	.	PUNCT
gujaf-425	123	1	otekunrin	otekunrin	NOUN
gujaf-425	123	2	et	et	PROPN
gujaf-425	123	3	al	al	PROPN
gujaf-425	123	4	.	.	PROPN
gujaf-425	124	1	(	(	PUNCT
gujaf-425	124	2	2022	2022	NUM
gujaf-425	124	3	)	)	PUNCT
gujaf-425	124	4	nigeria	nigeria	PROPN
gujaf-425	124	5	microfinance	microfinance	NOUN
gujaf-425	124	6	banks	bank	NOUN
gujaf-425	124	7	’	’	PART
gujaf-425	124	8	loans	loan	NOUN
gujaf-425	124	9	,	,	PUNCT
gujaf-425	124	10	advances	advance	NOUN
gujaf-425	124	11	,	,	PUNCT
gujaf-425	124	12	investments	investment	NOUN
gujaf-425	124	13	,	,	PUNCT
gujaf-425	124	14	deposits	deposit	NOUN
gujaf-425	124	15	,	,	PUNCT
gujaf-425	124	16	per	per	ADP
gujaf-425	124	17	capita	capita	X
gujaf-425	124	18	income	income	NOUN
gujaf-425	124	19	vector	vector	NOUN
gujaf-425	124	20	autoregressive	autoregressive	ADJ
gujaf-425	124	21	(	(	PUNCT
gujaf-425	124	22	var	var	NOUN
gujaf-425	124	23	)	)	PUNCT
gujaf-425	124	24	,	,	PUNCT
gujaf-425	124	25	johansen	johansen	PROPN
gujaf-425	124	26	cointegration	cointegration	PROPN
gujaf-425	124	27	long	long	ADJ
gujaf-425	124	28	-	-	PUNCT
gujaf-425	124	29	term	term	NOUN
gujaf-425	124	30	relationship	relationship	NOUN
gujaf-425	124	31	confirmed	confirm	VERB
gujaf-425	124	32	between	between	ADP
gujaf-425	124	33	microfinance	microfinance	NOUN
gujaf-425	124	34	banks	bank	NOUN
gujaf-425	124	35	and	and	CCONJ
gujaf-425	124	36	economic	economic	ADJ
gujaf-425	124	37	development	development	NOUN
gujaf-425	124	38	;	;	PUNCT
gujaf-425	124	39	shortterm	shortterm	VERB
gujaf-425	124	40	positive	positive	ADJ
gujaf-425	124	41	but	but	CCONJ
gujaf-425	124	42	insignificant	insignificant	ADJ
gujaf-425	124	43	effects	effect	NOUN
gujaf-425	124	44	on	on	ADP
gujaf-425	124	45	poverty	poverty	NOUN
gujaf-425	124	46	alleviation	alleviation	NOUN
gujaf-425	124	47	and	and	CCONJ
gujaf-425	124	48	living	living	NOUN
gujaf-425	124	49	standards	standard	NOUN
gujaf-425	124	50	.	.	PUNCT
gujaf-425	125	1	chukwujind	chukwujind	NOUN
gujaf-425	125	2	um	um	INTJ
gujaf-425	125	3	&	&	CCONJ
gujaf-425	125	4	kalu	kalu	PROPN
gujaf-425	125	5	(	(	PUNCT
gujaf-425	125	6	2023	2023	NUM
gujaf-425	125	7	)	)	PUNCT
gujaf-425	125	8	nigeria	nigeria	PROPN
gujaf-425	125	9	microfinance	microfinance	NOUN
gujaf-425	125	10	savings	saving	NOUN
gujaf-425	125	11	,	,	PUNCT
gujaf-425	125	12	loans	loan	NOUN
gujaf-425	125	13	,	,	PUNCT
gujaf-425	125	14	investments	investment	NOUN
gujaf-425	125	15	,	,	PUNCT
gujaf-425	125	16	gdp	gdp	NOUN
gujaf-425	125	17	autoregressive	autoregressive	ADJ
gujaf-425	125	18	distributed	distribute	VERB
gujaf-425	125	19	lag	lag	NOUN
gujaf-425	125	20	(	(	PUNCT
gujaf-425	125	21	ardl	ardl	NOUN
gujaf-425	125	22	)	)	PUNCT
gujaf-425	125	23	significant	significant	ADJ
gujaf-425	125	24	positive	positive	ADJ
gujaf-425	125	25	effect	effect	NOUN
gujaf-425	125	26	of	of	ADP
gujaf-425	125	27	microfinance	microfinance	NOUN
gujaf-425	125	28	loans	loan	NOUN
gujaf-425	125	29	on	on	ADP
gujaf-425	125	30	gdp	gdp	NOUN
gujaf-425	125	31	;	;	PUNCT
gujaf-425	125	32	negative	negative	ADJ
gujaf-425	125	33	effect	effect	NOUN
gujaf-425	125	34	from	from	ADP
gujaf-425	125	35	declining	decline	VERB
gujaf-425	125	36	savings	saving	NOUN
gujaf-425	125	37	;	;	PUNCT
gujaf-425	125	38	investments	investment	NOUN
gujaf-425	125	39	had	have	VERB
gujaf-425	125	40	no	no	DET
gujaf-425	125	41	significant	significant	ADJ
gujaf-425	125	42	impact	impact	NOUN
gujaf-425	125	43	.	.	PUNCT
gujaf-425	126	1	babalola	babalola	PROPN
gujaf-425	126	2	et	et	PROPN
gujaf-425	126	3	al	al	PROPN
gujaf-425	126	4	.	.	PROPN
gujaf-425	127	1	(	(	PUNCT
gujaf-425	127	2	2023	2023	NUM
gujaf-425	127	3	)	)	PUNCT
gujaf-425	127	4	nigeria	nigeria	PROPN
gujaf-425	127	5	microfinance	microfinance	NOUN
gujaf-425	127	6	,	,	PUNCT
gujaf-425	127	7	economic	economic	ADJ
gujaf-425	127	8	empowerment	empowerment	NOUN
gujaf-425	127	9	,	,	PUNCT
gujaf-425	127	10	poverty	poverty	NOUN
gujaf-425	127	11	reduction	reduction	NOUN
gujaf-425	127	12	,	,	PUNCT
gujaf-425	127	13	entrepreneurship	entrepreneurship	NOUN
gujaf-425	127	14	literature	literature	NOUN
gujaf-425	127	15	review	review	NOUN
gujaf-425	127	16	microfinance	microfinance	NOUN
gujaf-425	127	17	enhanced	enhance	VERB
gujaf-425	127	18	financial	financial	ADJ
gujaf-425	127	19	inclusion	inclusion	NOUN
gujaf-425	127	20	and	and	CCONJ
gujaf-425	127	21	entrepreneurship	entrepreneurship	NOUN
gujaf-425	127	22	but	but	CCONJ
gujaf-425	127	23	faces	face	VERB
gujaf-425	127	24	challenges	challenge	NOUN
gujaf-425	127	25	like	like	ADP
gujaf-425	127	26	high	high	ADJ
gujaf-425	127	27	default	default	NOUN
gujaf-425	127	28	rates	rate	NOUN
gujaf-425	127	29	and	and	CCONJ
gujaf-425	127	30	operational	operational	ADJ
gujaf-425	127	31	inefficiencies	inefficiency	NOUN
gujaf-425	127	32	.	.	PUNCT
gujaf-425	128	1	ali	ali	PROPN
gujaf-425	128	2	(	(	PUNCT
gujaf-425	128	3	2023	2023	NUM
gujaf-425	128	4	)	)	PUNCT
gujaf-425	128	5	yemen	yemen	PROPN
gujaf-425	128	6	microfinance	microfinance	NOUN
gujaf-425	128	7	loans	loan	NOUN
gujaf-425	128	8	,	,	PUNCT
gujaf-425	128	9	gdp	gdp	NOUN
gujaf-425	128	10	correlation	correlation	NOUN
gujaf-425	128	11	analysis	analysis	NOUN
gujaf-425	128	12	using	use	VERB
gujaf-425	128	13	spss	spss	PROPN
gujaf-425	128	14	positive	positive	ADJ
gujaf-425	128	15	significant	significant	ADJ
gujaf-425	128	16	relationship	relationship	NOUN
gujaf-425	128	17	between	between	ADP
gujaf-425	128	18	microfinance	microfinance	NOUN
gujaf-425	128	19	and	and	CCONJ
gujaf-425	128	20	economic	economic	ADJ
gujaf-425	128	21	growth	growth	NOUN
gujaf-425	128	22	,	,	PUNCT
gujaf-425	128	23	especially	especially	ADV
gujaf-425	128	24	strong	strong	ADJ
gujaf-425	128	25	in	in	ADP
gujaf-425	128	26	rural	rural	ADJ
gujaf-425	128	27	areas	area	NOUN
gujaf-425	128	28	lacking	lack	VERB
gujaf-425	128	29	formal	formal	ADJ
gujaf-425	128	30	banking	banking	NOUN
gujaf-425	128	31	.	.	PUNCT
gujaf-425	129	1	odeyale	odeyale	PROPN
gujaf-425	129	2	&	&	CCONJ
gujaf-425	129	3	ibrahim	ibrahim	PROPN
gujaf-425	129	4	(	(	PUNCT
gujaf-425	129	5	2024	2024	NUM
gujaf-425	129	6	)	)	PUNCT
gujaf-425	129	7	nigeria	nigeria	PROPN
gujaf-425	129	8	microfinance	microfinance	PROPN
gujaf-425	129	9	loan	loan	NOUN
gujaf-425	129	10	disbursements	disbursement	NOUN
gujaf-425	129	11	,	,	PUNCT
gujaf-425	129	12	number	number	NOUN
gujaf-425	129	13	of	of	ADP
gujaf-425	129	14	mfis	mfis	NOUN
gujaf-425	129	15	,	,	PUNCT
gujaf-425	129	16	real	real	ADJ
gujaf-425	129	17	gdp	gdp	NOUN
gujaf-425	129	18	growth	growth	NOUN
gujaf-425	129	19	fully	fully	ADV
gujaf-425	129	20	modified	modify	VERB
gujaf-425	129	21	ols	ol	NOUN
gujaf-425	129	22	(	(	PUNCT
gujaf-425	129	23	fmols	fmol	NOUN
gujaf-425	129	24	)	)	PUNCT
gujaf-425	129	25	positive	positive	ADJ
gujaf-425	129	26	and	and	CCONJ
gujaf-425	129	27	significant	significant	ADJ
gujaf-425	129	28	effect	effect	NOUN
gujaf-425	129	29	of	of	ADP
gujaf-425	129	30	microfinance	microfinance	NOUN
gujaf-425	129	31	loan	loan	NOUN
gujaf-425	129	32	disbursements	disbursement	NOUN
gujaf-425	129	33	and	and	CCONJ
gujaf-425	129	34	number	number	NOUN
gujaf-425	129	35	of	of	ADP
gujaf-425	129	36	mfis	mfis	NOUN
gujaf-425	129	37	on	on	ADP
gujaf-425	129	38	gdp	gdp	NOUN
gujaf-425	129	39	growth	growth	NOUN
gujaf-425	129	40	.	.	PUNCT
gujaf-425	130	1	ananwude	ananwude	PROPN
gujaf-425	130	2	&	&	CCONJ
gujaf-425	130	3	lateef	lateef	PROPN
gujaf-425	130	4	(	(	PUNCT
gujaf-425	130	5	2024	2024	NUM
gujaf-425	130	6	)	)	PUNCT
gujaf-425	130	7	nigeria	nigeria	PROPN
gujaf-425	130	8	microfinance	microfinance	NOUN
gujaf-425	130	9	credit	credit	NOUN
gujaf-425	130	10	,	,	PUNCT
gujaf-425	130	11	deposits	deposit	NOUN
gujaf-425	130	12	,	,	PUNCT
gujaf-425	130	13	investments	investment	NOUN
gujaf-425	130	14	,	,	PUNCT
gujaf-425	130	15	human	human	ADJ
gujaf-425	130	16	development	development	NOUN
gujaf-425	130	17	index	index	NOUN
gujaf-425	130	18	(	(	PUNCT
gujaf-425	130	19	hdi	hdi	PROPN
gujaf-425	130	20	)	)	PUNCT
gujaf-425	130	21	ordinary	ordinary	ADJ
gujaf-425	130	22	least	least	ADJ
gujaf-425	130	23	squares	square	NOUN
gujaf-425	130	24	(	(	PUNCT
gujaf-425	130	25	ols	ol	NOUN
gujaf-425	130	26	)	)	PUNCT
gujaf-425	130	27	no	no	DET
gujaf-425	130	28	statistically	statistically	ADV
gujaf-425	130	29	significant	significant	ADJ
gujaf-425	130	30	effect	effect	NOUN
gujaf-425	130	31	of	of	ADP
gujaf-425	130	32	microfinance	microfinance	NOUN
gujaf-425	130	33	activities	activity	NOUN
gujaf-425	130	34	on	on	ADP
gujaf-425	130	35	hdi	hdi	PROPN
gujaf-425	130	36	.	.	PUNCT
gujaf-425	131	1	source	source	NOUN
gujaf-425	131	2	:	:	PUNCT
gujaf-425	131	3	authors	author	NOUN
gujaf-425	131	4	compilation	compilation	NOUN
gujaf-425	131	5	,	,	PUNCT
gujaf-425	131	6	2024	2024	NUM
gujaf-425	131	7	.	.	PUNCT
gujaf-425	132	1	3.0	3.0	NUM
gujaf-425	132	2	methodology	methodology	NOUN
gujaf-425	132	3	thisstudyadopted	thisstudyadopte	VERB
gujaf-425	132	4	ex	ex	ADJ
gujaf-425	132	5	-	-	ADJ
gujaf-425	132	6	post	post	ADJ
gujaf-425	132	7	facto	facto	X
gujaf-425	132	8	research	research	NOUN
gujaf-425	132	9	design	design	NOUN
gujaf-425	132	10	,	,	PUNCT
gujaf-425	132	11	which	which	PRON
gujaf-425	132	12	is	be	AUX
gujaf-425	132	13	appropriate	appropriate	ADJ
gujaf-425	132	14	for	for	ADP
gujaf-425	132	15	examining	examine	VERB
gujaf-425	132	16	events	event	NOUN
gujaf-425	132	17	or	or	CCONJ
gujaf-425	132	18	data	datum	NOUN
gujaf-425	132	19	that	that	PRON
gujaf-425	132	20	have	have	AUX
gujaf-425	132	21	already	already	ADV
gujaf-425	132	22	occurred	occur	VERB
gujaf-425	132	23	prior	prior	ADV
gujaf-425	132	24	to	to	ADP
gujaf-425	132	25	thestudy.assuch	thestudy.assuch	NUM
gujaf-425	132	26	,	,	PUNCT
gujaf-425	132	27	theresearcherhadnocontrolover	theresearcherhadnocontrolover	NOUN
gujaf-425	132	28	or	or	CCONJ
gujaf-425	132	29	influence	influence	NOUN
gujaf-425	132	30	on	on	ADP
gujaf-425	132	31	the	the	DET
gujaf-425	132	32	variables	variable	NOUN
gujaf-425	132	33	involved	involve	VERB
gujaf-425	132	34	.	.	PUNCT
gujaf-425	133	1	secondary	secondary	ADJ
gujaf-425	133	2	data	datum	NOUN
gujaf-425	133	3	were	be	AUX
gujaf-425	133	4	utilized	utilize	VERB
gujaf-425	133	5	,	,	PUNCT
gujaf-425	133	6	sourced	source	VERB
gujaf-425	133	7	from	from	ADP
gujaf-425	133	8	the	the	DET
gujaf-425	133	9	2024	2024	NUM
gujaf-425	133	10	cbn	cbn	PROPN
gujaf-425	133	11	statistical	statistical	ADJ
gujaf-425	133	12	bulletin	bulletin	NOUN
gujaf-425	133	13	,	,	PUNCT
gujaf-425	133	14	covering	cover	VERB
gujaf-425	133	15	the	the	DET
gujaf-425	133	16	period	period	NOUN
gujaf-425	133	17	from	from	ADP
gujaf-425	133	18	1993	1993	NUM
gujaf-425	133	19	to	to	ADP
gujaf-425	133	20	2023	2023	NUM
gujaf-425	133	21	.	.	PUNCT
gujaf-425	134	1	the	the	DET
gujaf-425	134	2	data	datum	NOUN
gujaf-425	134	3	were	be	AUX
gujaf-425	134	4	analyzed	analyze	VERB
gujaf-425	134	5	using	use	VERB
gujaf-425	134	6	the	the	DET
gujaf-425	134	7	autoregressive	autoregressive	ADJ
gujaf-425	134	8	distributed	distribute	VERB
gujaf-425	134	9	lag	lag	NOUN
gujaf-425	134	10	(	(	PUNCT
gujaf-425	134	11	ardl	ardl	NOUN
gujaf-425	134	12	)	)	PUNCT
gujaf-425	134	13	model	model	NOUN
gujaf-425	134	14	.	.	PUNCT
gujaf-425	135	1	ardl	ardl	NOUN
gujaf-425	135	2	model	model	NOUN
gujaf-425	135	3	is	be	AUX
gujaf-425	135	4	less	less	ADV
gujaf-425	135	5	sensitive	sensitive	ADJ
gujaf-425	135	6	to	to	ADP
gujaf-425	135	7	endogeneity	endogeneity	NOUN
gujaf-425	135	8	issues	issue	NOUN
gujaf-425	135	9	and	and	CCONJ
gujaf-425	135	10	capture	capture	VERB
gujaf-425	135	11	potential	potential	ADJ
gujaf-425	135	12	lagged	lag	VERB
gujaf-425	135	13	effects	effect	NOUN
gujaf-425	135	14	in	in	ADP
gujaf-425	135	15	the	the	DET
gujaf-425	135	16	data	datum	NOUN
gujaf-425	135	17	.	.	PUNCT
gujaf-425	136	1	the	the	DET
gujaf-425	136	2	ardl	ardl	NOUN
gujaf-425	136	3	model	model	NOUN
gujaf-425	136	4	is	be	AUX
gujaf-425	136	5	well	well	ADV
gujaf-425	136	6	-	-	PUNCT
gujaf-425	136	7	suited	suited	ADJ
gujaf-425	136	8	for	for	ADP
gujaf-425	136	9	this	this	DET
gujaf-425	136	10	study	study	NOUN
gujaf-425	136	11	as	as	SCONJ
gujaf-425	136	12	it	it	PRON
gujaf-425	136	13	accommodates	accommodate	VERB
gujaf-425	136	14	variables	variable	NOUN
gujaf-425	136	15	with	with	ADP
gujaf-425	136	16	different	different	ADJ
gujaf-425	136	17	orders	order	NOUN
gujaf-425	136	18	of	of	ADP
gujaf-425	136	19	integration	integration	NOUN
gujaf-425	136	20	(	(	PUNCT
gujaf-425	136	21	i(0	i(0	PROPN
gujaf-425	136	22	)	)	PUNCT
gujaf-425	136	23	and	and	CCONJ
gujaf-425	136	24	i(1	i(1	NOUN
gujaf-425	136	25	)	)	PUNCT
gujaf-425	136	26	)	)	PUNCT
gujaf-425	136	27	and	and	CCONJ
gujaf-425	136	28	provides	provide	VERB
gujaf-425	136	29	a	a	DET
gujaf-425	136	30	robust	robust	ADJ
gujaf-425	136	31	framework	framework	NOUN
gujaf-425	136	32	for	for	ADP
gujaf-425	136	33	exploring	explore	VERB
gujaf-425	136	34	both	both	CCONJ
gujaf-425	136	35	short	short	ADJ
gujaf-425	136	36	-	-	PUNCT
gujaf-425	136	37	run	run	NOUN
gujaf-425	136	38	adjustments	adjustment	NOUN
gujaf-425	136	39	and	and	CCONJ
gujaf-425	136	40	long	long	ADV
gujaf-425	136	41	-	-	PUNCT
gujaf-425	136	42	run	run	NOUN
gujaf-425	136	43	equilibria	equilibrium	NOUN
gujaf-425	136	44	.	.	PUNCT
gujaf-425	137	1	model	model	NOUN
gujaf-425	137	2	specification	specification	PROPN
gujaf-425	137	3	the	the	DET
gujaf-425	137	4	link	link	NOUN
gujaf-425	137	5	between	between	ADP
gujaf-425	137	6	the	the	DET
gujaf-425	137	7	variables	variable	NOUN
gujaf-425	137	8	is	be	AUX
gujaf-425	137	9	now	now	ADV
gujaf-425	137	10	postulated	postulate	VERB
gujaf-425	137	11	as	as	ADP
gujaf-425	137	12	:	:	PUNCT
gujaf-425	137	13	𝐺𝐷𝑃=β0	𝐺𝐷𝑃=β0	X
gujaf-425	137	14	+	+	NOUN
gujaf-425	137	15	β1𝑀𝐹𝑆𝐴𝑉+β2𝑀𝐹𝐿+β3𝑀𝐹𝐼𝑁𝑉+β4𝐸𝑋𝐶+β5	β1𝑀𝐹𝑆𝐴𝑉+β2𝑀𝐹𝐿+β3𝑀𝐹𝐼𝑁𝑉+β4𝐸𝑋𝐶+β5	ADV
gujaf-425	137	16	𝐼𝑁𝐹+β6	𝐼𝑁𝐹+β6	X
gujaf-425	137	17	𝐺𝐸𝑋+µ	𝐺𝐸𝑋+µ	NOUN
gujaf-425	137	18	(	(	PUNCT
gujaf-425	137	19	1	1	NUM
gujaf-425	137	20	)	)	PUNCT
gujaf-425	137	21	gusau	gusau	ADJ
gujaf-425	137	22	journal	journal	NOUN
gujaf-425	137	23	of	of	ADP
gujaf-425	137	24	accounting	accounting	NOUN
gujaf-425	137	25	and	and	CCONJ
gujaf-425	137	26	finance	finance	NOUN
gujaf-425	137	27	,	,	PUNCT
gujaf-425	137	28	vol.6	vol.6	PROPN
gujaf-425	137	29	,	,	PUNCT
gujaf-425	137	30	issue	issue	NOUN
gujaf-425	137	31	2	2	NUM
gujaf-425	137	32	,	,	PUNCT
gujaf-425	137	33	april	april	PROPN
gujaf-425	137	34	,	,	PUNCT
gujaf-425	137	35	2025	2025	NUM
gujaf-425	137	36	215	215	NUM
gujaf-425	137	37	where	where	SCONJ
gujaf-425	137	38	;	;	PUNCT
gujaf-425	137	39	δgdp	δgdp	NOUN
gujaf-425	137	40	=	=	SYM
gujaf-425	137	41	change	change	NOUN
gujaf-425	137	42	in	in	ADP
gujaf-425	137	43	gross	gross	ADJ
gujaf-425	137	44	domestic	domestic	ADJ
gujaf-425	137	45	product	product	NOUN
gujaf-425	137	46	,	,	PUNCT
gujaf-425	137	47	mfsav	mfsav	NOUN
gujaf-425	137	48	=	=	NOUN
gujaf-425	137	49	microfinance	microfinance	NOUN
gujaf-425	137	50	savings	saving	NOUN
gujaf-425	137	51	,	,	PUNCT
gujaf-425	137	52	mfl	mfl	NOUN
gujaf-425	137	53	=	=	SYM
gujaf-425	137	54	microfinance	microfinance	NOUN
gujaf-425	137	55	lending	lending	NOUN
gujaf-425	137	56	,	,	PUNCT
gujaf-425	137	57	mfinv	mfinv	ADJ
gujaf-425	137	58	=	=	SYM
gujaf-425	137	59	microfinance	microfinance	NOUN
gujaf-425	137	60	investment	investment	NOUN
gujaf-425	137	61	,	,	PUNCT
gujaf-425	137	62	exc	exc	NOUN
gujaf-425	137	63	=	=	SYM
gujaf-425	137	64	exchange	exchange	NOUN
gujaf-425	137	65	rate	rate	NOUN
gujaf-425	137	66	,	,	PUNCT
gujaf-425	137	67	inf	inf	NOUN
gujaf-425	137	68	=	=	NOUN
gujaf-425	137	69	inflation	inflation	NOUN
gujaf-425	137	70	rate	rate	NOUN
gujaf-425	137	71	,	,	PUNCT
gujaf-425	137	72	gex	gex	NOUN
gujaf-425	137	73	=	=	SYM
gujaf-425	137	74	government	government	NOUN
gujaf-425	137	75	expenditure	expenditure	NOUN
gujaf-425	137	76	,	,	PUNCT
gujaf-425	137	77	β0	β0	NOUN
gujaf-425	137	78	=	=	SYM
gujaf-425	137	79	constant	constant	ADJ
gujaf-425	137	80	,	,	PUNCT
gujaf-425	137	81	β1	β1	PROPN
gujaf-425	137	82	–	–	PUNCT
gujaf-425	137	83	β3	β3	VERB
gujaf-425	137	84	=	=	SYM
gujaf-425	137	85	estimation	estimation	NOUN
gujaf-425	137	86	parameters	parameter	NOUN
gujaf-425	137	87	,	,	PUNCT
gujaf-425	137	88	μ	μ	NOUN
gujaf-425	137	89	=	=	SYM
gujaf-425	137	90	stochastic	stochastic	ADJ
gujaf-425	137	91	error	error	NOUN
gujaf-425	137	92	term	term	NOUN
gujaf-425	137	93	.	.	PUNCT
gujaf-425	138	1	the	the	DET
gujaf-425	138	2	model	model	NOUN
gujaf-425	138	3	was	be	AUX
gujaf-425	138	4	adjusted	adjust	VERB
gujaf-425	138	5	so	so	SCONJ
gujaf-425	138	6	as	as	SCONJ
gujaf-425	138	7	to	to	PART
gujaf-425	138	8	correspond	correspond	VERB
gujaf-425	138	9	with	with	ADP
gujaf-425	138	10	the	the	DET
gujaf-425	138	11	study	study	NOUN
gujaf-425	138	12	's	's	PART
gujaf-425	138	13	objectives	objective	NOUN
gujaf-425	138	14	,	,	PUNCT
gujaf-425	138	15	concentrating	concentrate	VERB
gujaf-425	138	16	on	on	ADP
gujaf-425	138	17	the	the	DET
gujaf-425	138	18	direct	direct	ADJ
gujaf-425	138	19	effects	effect	NOUN
gujaf-425	138	20	of	of	ADP
gujaf-425	138	21	microfinance	microfinance	NOUN
gujaf-425	138	22	savings	saving	NOUN
gujaf-425	138	23	,	,	PUNCT
gujaf-425	138	24	loans	loan	NOUN
gujaf-425	138	25	,	,	PUNCT
gujaf-425	138	26	and	and	CCONJ
gujaf-425	138	27	investments	investment	NOUN
gujaf-425	138	28	on	on	ADP
gujaf-425	138	29	nigeria	nigeria	PROPN
gujaf-425	138	30	's	's	PART
gujaf-425	138	31	economic	economic	ADJ
gujaf-425	138	32	growth	growth	NOUN
gujaf-425	138	33	.	.	PUNCT
gujaf-425	139	1	incorporating	incorporate	VERB
gujaf-425	139	2	microfinance	microfinance	NOUN
gujaf-425	139	3	savings	saving	NOUN
gujaf-425	139	4	(	(	PUNCT
gujaf-425	139	5	mfsav	mfsav	NOUN
gujaf-425	139	6	)	)	PUNCT
gujaf-425	139	7	,	,	PUNCT
gujaf-425	139	8	the	the	DET
gujaf-425	139	9	model	model	NOUN
gujaf-425	139	10	considers	consider	VERB
gujaf-425	139	11	the	the	DET
gujaf-425	139	12	significance	significance	NOUN
gujaf-425	139	13	of	of	ADP
gujaf-425	139	14	savings	saving	NOUN
gujaf-425	139	15	generated	generate	VERB
gujaf-425	139	16	by	by	ADP
gujaf-425	139	17	microfinance	microfinance	NOUN
gujaf-425	139	18	institutions	institution	NOUN
gujaf-425	139	19	,	,	PUNCT
gujaf-425	139	20	essential	essential	ADJ
gujaf-425	139	21	for	for	ADP
gujaf-425	139	22	economic	economic	ADJ
gujaf-425	139	23	stability	stability	NOUN
gujaf-425	139	24	(	(	PUNCT
gujaf-425	139	25	musa	musa	PROPN
gujaf-425	139	26	et	et	PROPN
gujaf-425	139	27	al	al	PROPN
gujaf-425	139	28	.	.	PROPN
gujaf-425	139	29	,	,	PUNCT
gujaf-425	139	30	2023	2023	NUM
gujaf-425	139	31	)	)	PUNCT
gujaf-425	139	32	.	.	PUNCT
gujaf-425	140	1	the	the	DET
gujaf-425	140	2	integration	integration	NOUN
gujaf-425	140	3	of	of	ADP
gujaf-425	140	4	microfinance	microfinance	NOUN
gujaf-425	140	5	lending	lending	NOUN
gujaf-425	140	6	(	(	PUNCT
gujaf-425	140	7	mfl	mfl	PROPN
gujaf-425	140	8	)	)	PUNCT
gujaf-425	140	9	and	and	CCONJ
gujaf-425	140	10	microfinance	microfinance	NOUN
gujaf-425	140	11	investments	investment	NOUN
gujaf-425	140	12	(	(	PUNCT
gujaf-425	140	13	mfinv)represents	mfinv)represent	NOUN
gujaf-425	140	14	the	the	DET
gujaf-425	140	15	key	key	ADJ
gujaf-425	140	16	operations	operation	NOUN
gujaf-425	140	17	of	of	ADP
gujaf-425	140	18	these	these	DET
gujaf-425	140	19	entities	entity	NOUN
gujaf-425	140	20	that	that	PRON
gujaf-425	140	21	impact	impact	VERB
gujaf-425	140	22	expansion	expansion	NOUN
gujaf-425	140	23	(	(	PUNCT
gujaf-425	140	24	chukwujindum	chukwujindum	PROPN
gujaf-425	140	25	&	&	CCONJ
gujaf-425	140	26	kalu	kalu	PROPN
gujaf-425	140	27	,	,	PUNCT
gujaf-425	140	28	2023	2023	NUM
gujaf-425	140	29	)	)	PUNCT
gujaf-425	140	30	.	.	PUNCT
gujaf-425	141	1	inflation(inf),exchangerate(exr)andgovernmentexpenditure(gex)servesascontrol	inflation(inf),exchangerate(exr)andgovernmentexpenditure(gex)servesascontrol	PROPN
gujaf-425	141	2	variablesforthestudy.thisenhancedmodelprovidesamorefocusedexaminationof	variablesforthestudy.thisenhancedmodelprovidesamorefocusedexaminationof	PROPN
gujaf-425	141	3	microfinance	microfinance	NOUN
gujaf-425	141	4	's	's	PART
gujaf-425	141	5	contribution	contribution	NOUN
gujaf-425	141	6	to	to	ADP
gujaf-425	141	7	nigeria	nigeria	PROPN
gujaf-425	141	8	's	's	PART
gujaf-425	141	9	economic	economic	ADJ
gujaf-425	141	10	growth	growth	NOUN
gujaf-425	141	11	.	.	PUNCT
gujaf-425	142	1	gross	gross	ADJ
gujaf-425	142	2	domestic	domestic	ADJ
gujaf-425	142	3	product	product	NOUN
gujaf-425	142	4	(	(	PUNCT
gujaf-425	142	5	gdp	gdp	NOUN
gujaf-425	142	6	)	)	PUNCT
gujaf-425	142	7	is	be	AUX
gujaf-425	142	8	widely	widely	ADV
gujaf-425	142	9	recognized	recognize	VERB
gujaf-425	142	10	as	as	ADP
gujaf-425	142	11	a	a	DET
gujaf-425	142	12	comprehensive	comprehensive	ADJ
gujaf-425	142	13	indicator	indicator	NOUN
gujaf-425	142	14	of	of	ADP
gujaf-425	142	15	economic	economic	ADJ
gujaf-425	142	16	activity	activity	NOUN
gujaf-425	142	17	and	and	CCONJ
gujaf-425	142	18	is	be	AUX
gujaf-425	142	19	commonly	commonly	ADV
gujaf-425	142	20	used	use	VERB
gujaf-425	142	21	as	as	ADP
gujaf-425	142	22	a	a	DET
gujaf-425	142	23	proxy	proxy	NOUN
gujaf-425	142	24	for	for	ADP
gujaf-425	142	25	economic	economic	ADJ
gujaf-425	142	26	growth	growth	NOUN
gujaf-425	142	27	in	in	ADP
gujaf-425	142	28	empirical	empirical	ADJ
gujaf-425	142	29	research	research	NOUN
gujaf-425	142	30	.	.	PUNCT
gujaf-425	143	1	the	the	DET
gujaf-425	143	2	choice	choice	NOUN
gujaf-425	143	3	of	of	ADP
gujaf-425	143	4	gdp	gdp	NOUN
gujaf-425	143	5	is	be	AUX
gujaf-425	143	6	appropriate	appropriate	ADJ
gujaf-425	143	7	for	for	ADP
gujaf-425	143	8	this	this	DET
gujaf-425	143	9	study	study	NOUN
gujaf-425	143	10	because	because	SCONJ
gujaf-425	143	11	it	it	PRON
gujaf-425	143	12	provides	provide	VERB
gujaf-425	143	13	a	a	DET
gujaf-425	143	14	quantifiable	quantifiable	ADJ
gujaf-425	143	15	and	and	CCONJ
gujaf-425	143	16	standardized	standardized	ADJ
gujaf-425	143	17	benchmark	benchmark	NOUN
gujaf-425	143	18	for	for	ADP
gujaf-425	143	19	assessing	assess	VERB
gujaf-425	143	20	economic	economic	ADJ
gujaf-425	143	21	performance	performance	NOUN
gujaf-425	143	22	over	over	ADP
gujaf-425	143	23	time	time	NOUN
gujaf-425	143	24	.	.	PUNCT
gujaf-425	144	1	moreover	moreover	ADV
gujaf-425	144	2	,	,	PUNCT
gujaf-425	144	3	gdp	gdp	NOUN
gujaf-425	144	4	is	be	AUX
gujaf-425	144	5	frequently	frequently	ADV
gujaf-425	144	6	used	use	VERB
gujaf-425	144	7	in	in	ADP
gujaf-425	144	8	development	development	NOUN
gujaf-425	144	9	finance	finance	NOUN
gujaf-425	144	10	literature	literature	NOUN
gujaf-425	144	11	as	as	ADP
gujaf-425	144	12	a	a	DET
gujaf-425	144	13	dependent	dependent	ADJ
gujaf-425	144	14	variable	variable	NOUN
gujaf-425	144	15	when	when	SCONJ
gujaf-425	144	16	analyzing	analyze	VERB
gujaf-425	144	17	the	the	DET
gujaf-425	144	18	macroeconomic	macroeconomic	ADJ
gujaf-425	144	19	impacts	impact	NOUN
gujaf-425	144	20	of	of	ADP
gujaf-425	144	21	financial	financial	ADJ
gujaf-425	144	22	intermediation	intermediation	NOUN
gujaf-425	144	23	and	and	CCONJ
gujaf-425	144	24	policy	policy	NOUN
gujaf-425	144	25	interventions	intervention	NOUN
gujaf-425	144	26	(	(	PUNCT
gujaf-425	144	27	ezeanyeji	ezeanyeji	NOUN
gujaf-425	144	28	et	et	PROPN
gujaf-425	144	29	al	al	PROPN
gujaf-425	144	30	.	.	PROPN
gujaf-425	144	31	,	,	PUNCT
gujaf-425	144	32	2020	2020	NUM
gujaf-425	144	33	;	;	PUNCT
gujaf-425	144	34	godfrey	godfrey	NOUN
gujaf-425	144	35	,	,	PUNCT
gujaf-425	144	36	2022	2022	NUM
gujaf-425	144	37	)	)	PUNCT
gujaf-425	144	38	.	.	PUNCT
gujaf-425	145	1	microfinance	microfinance	NOUN
gujaf-425	145	2	savings	saving	NOUN
gujaf-425	145	3	(	(	PUNCT
gujaf-425	145	4	mfsav	mfsav	NOUN
gujaf-425	145	5	)	)	PUNCT
gujaf-425	145	6	captures	capture	VERB
gujaf-425	145	7	the	the	DET
gujaf-425	145	8	capacity	capacity	NOUN
gujaf-425	145	9	of	of	ADP
gujaf-425	145	10	mfis	mfis	NOUN
gujaf-425	145	11	to	to	PART
gujaf-425	145	12	mobilize	mobilize	VERB
gujaf-425	145	13	savings	saving	NOUN
gujaf-425	145	14	,	,	PUNCT
gujaf-425	145	15	which	which	PRON
gujaf-425	145	16	contributes	contribute	VERB
gujaf-425	145	17	to	to	ADP
gujaf-425	145	18	capital	capital	NOUN
gujaf-425	145	19	formation	formation	NOUN
gujaf-425	145	20	and	and	CCONJ
gujaf-425	145	21	macroeconomic	macroeconomic	ADJ
gujaf-425	145	22	stability	stability	NOUN
gujaf-425	145	23	(	(	PUNCT
gujaf-425	145	24	musa	musa	PROPN
gujaf-425	145	25	et	et	PROPN
gujaf-425	145	26	al	al	PROPN
gujaf-425	145	27	.	.	PROPN
gujaf-425	145	28	,	,	PUNCT
gujaf-425	145	29	2023	2023	NUM
gujaf-425	145	30	)	)	PUNCT
gujaf-425	145	31	.	.	PUNCT
gujaf-425	146	1	microfinance	microfinance	NOUN
gujaf-425	146	2	lending	lending	NOUN
gujaf-425	146	3	(	(	PUNCT
gujaf-425	146	4	mfl	mfl	PROPN
gujaf-425	146	5	)	)	PUNCT
gujaf-425	146	6	and	and	CCONJ
gujaf-425	146	7	microfinance	microfinance	NOUN
gujaf-425	146	8	investment	investment	NOUN
gujaf-425	146	9	(	(	PUNCT
gujaf-425	146	10	mfinv	mfinv	ADJ
gujaf-425	146	11	)	)	PUNCT
gujaf-425	146	12	represent	represent	VERB
gujaf-425	146	13	core	core	NOUN
gujaf-425	146	14	functions	function	NOUN
gujaf-425	146	15	of	of	ADP
gujaf-425	146	16	mfis	mfis	NOUN
gujaf-425	146	17	that	that	PRON
gujaf-425	146	18	influence	influence	NOUN
gujaf-425	146	19	enterprise	enterprise	NOUN
gujaf-425	146	20	development	development	NOUN
gujaf-425	146	21	and	and	CCONJ
gujaf-425	146	22	income	income	NOUN
gujaf-425	146	23	generation	generation	NOUN
gujaf-425	146	24	,	,	PUNCT
gujaf-425	146	25	which	which	PRON
gujaf-425	146	26	are	be	AUX
gujaf-425	146	27	crucial	crucial	ADJ
gujaf-425	146	28	for	for	ADP
gujaf-425	146	29	gdp	gdp	NOUN
gujaf-425	146	30	growth	growth	NOUN
gujaf-425	146	31	(	(	PUNCT
gujaf-425	146	32	chukwujindum	chukwujindum	PROPN
gujaf-425	146	33	&	&	CCONJ
gujaf-425	146	34	kalu	kalu	PROPN
gujaf-425	146	35	,	,	PUNCT
gujaf-425	146	36	2023	2023	NUM
gujaf-425	146	37	)	)	PUNCT
gujaf-425	146	38	.	.	PUNCT
gujaf-425	147	1	in	in	ADP
gujaf-425	147	2	addition	addition	NOUN
gujaf-425	147	3	,	,	PUNCT
gujaf-425	147	4	exchange	exchange	NOUN
gujaf-425	147	5	rate	rate	NOUN
gujaf-425	147	6	(	(	PUNCT
gujaf-425	147	7	exc	exc	NOUN
gujaf-425	147	8	)	)	PUNCT
gujaf-425	147	9	,	,	PUNCT
gujaf-425	147	10	inflation	inflation	NOUN
gujaf-425	147	11	rate	rate	NOUN
gujaf-425	147	12	(	(	PUNCT
gujaf-425	147	13	inf	inf	NOUN
gujaf-425	147	14	)	)	PUNCT
gujaf-425	147	15	,	,	PUNCT
gujaf-425	147	16	and	and	CCONJ
gujaf-425	147	17	government	government	NOUN
gujaf-425	147	18	expenditure	expenditure	NOUN
gujaf-425	147	19	(	(	PUNCT
gujaf-425	147	20	gex	gex	PROPN
gujaf-425	147	21	)	)	PUNCT
gujaf-425	147	22	are	be	AUX
gujaf-425	147	23	included	include	VERB
gujaf-425	147	24	as	as	ADP
gujaf-425	147	25	control	control	NOUN
gujaf-425	147	26	variables	variable	NOUN
gujaf-425	147	27	,	,	PUNCT
gujaf-425	147	28	given	give	VERB
gujaf-425	147	29	their	their	PRON
gujaf-425	147	30	significant	significant	ADJ
gujaf-425	147	31	macroeconomic	macroeconomic	ADJ
gujaf-425	147	32	influence	influence	NOUN
gujaf-425	147	33	on	on	ADP
gujaf-425	147	34	growth	growth	NOUN
gujaf-425	147	35	trajectories	trajectory	NOUN
gujaf-425	147	36	in	in	ADP
gujaf-425	147	37	developing	develop	VERB
gujaf-425	147	38	economies	economy	NOUN
gujaf-425	147	39	like	like	ADP
gujaf-425	147	40	nigeria	nigeria	PRON
gujaf-425	147	41	.	.	PUNCT
gujaf-425	148	1	together	together	ADV
gujaf-425	148	2	,	,	PUNCT
gujaf-425	148	3	mfsav	mfsav	PROPN
gujaf-425	148	4	,	,	PUNCT
gujaf-425	148	5	mfl	mfl	PROPN
gujaf-425	148	6	,	,	PUNCT
gujaf-425	148	7	and	and	CCONJ
gujaf-425	148	8	mfinv	mfinv	ADV
gujaf-425	148	9	provide	provide	VERB
gujaf-425	148	10	a	a	DET
gujaf-425	148	11	holistic	holistic	ADJ
gujaf-425	148	12	view	view	NOUN
gujaf-425	148	13	of	of	ADP
gujaf-425	148	14	microfinance	microfinance	NOUN
gujaf-425	148	15	operations	operation	NOUN
gujaf-425	148	16	,	,	PUNCT
gujaf-425	148	17	aligning	align	VERB
gujaf-425	148	18	with	with	ADP
gujaf-425	148	19	the	the	DET
gujaf-425	148	20	financial	financial	ADJ
gujaf-425	148	21	intermediation	intermediation	NOUN
gujaf-425	148	22	theory	theory	NOUN
gujaf-425	148	23	and	and	CCONJ
gujaf-425	148	24	endogenous	endogenous	ADJ
gujaf-425	148	25	growth	growth	NOUN
gujaf-425	148	26	theory	theory	NOUN
gujaf-425	148	27	which	which	PRON
gujaf-425	148	28	underpinned	underpin	VERB
gujaf-425	148	29	the	the	DET
gujaf-425	148	30	study	study	NOUN
gujaf-425	148	31	.	.	PUNCT
gujaf-425	149	1	4.0	4.0	NUM
gujaf-425	149	2	datapresentationandinterpretationof	datapresentationandinterpretationof	NOUN
gujaf-425	149	3	result	result	NOUN
gujaf-425	149	4	table2	table2	PROPN
gujaf-425	149	5	:	:	PUNCT
gujaf-425	149	6	resultofsummarystatistics	resultofsummarystatistic	NOUN
gujaf-425	149	7	gdp	gdp	PROPN
gujaf-425	149	8	mfsav	mfsav	PROPN
gujaf-425	149	9	mfl	mfl	PROPN
gujaf-425	149	10	mfinv	mfinv	PROPN
gujaf-425	149	11	exr	exr	PROPN
gujaf-425	149	12	inf	inf	PROPN
gujaf-425	149	13	gex	gex	PROPN
gujaf-425	149	14	mean	mean	VERB
gujaf-425	149	15	62813.18	62813.18	NUM
gujaf-425	149	16	8290.936	8290.936	NUM
gujaf-425	149	17	46.49968	46.49968	NUM
gujaf-425	149	18	11.63806	11.63806	NUM
gujaf-425	149	19	170.2283	170.2283	NUM
gujaf-425	149	20	17.95140	17.95140	NUM
gujaf-425	149	21	4407.640	4407.640	NUM
gujaf-425	149	22	max	max	NOUN
gujaf-425	149	23	.	.	PUNCT
gujaf-425	150	1	229912.9	229912.9	NUM
gujaf-425	150	2	47375.98	47375.98	NUM
gujaf-425	150	3	288.9400	288.9400	NUM
gujaf-425	150	4	34.44000	34.44000	NUM
gujaf-425	150	5	476.1334	476.1334	NUM
gujaf-425	150	6	72.83550	72.83550	NUM
gujaf-425	150	7	19808.44	19808.44	NUM
gujaf-425	150	8	min	min	NOUN
gujaf-425	150	9	.	.	PROPN
gujaf-425	150	10	1244.799	1244.799	NUM
gujaf-425	150	11	85.02790	85.02790	NUM
gujaf-425	150	12	2.450000	2.450000	NUM
gujaf-425	150	13	0.610000	0.610000	NUM
gujaf-425	150	14	21.88443	21.88443	NUM
gujaf-425	150	15	5.388008	5.388008	NUM
gujaf-425	150	16	160.8932	160.8932	NUM
gujaf-425	150	17	stddev	stddev	NOUN
gujaf-425	150	18	.	.	PUNCT
gujaf-425	151	1	64835.39	64835.39	NUM
gujaf-425	151	2	10938.23	10938.23	NUM
gujaf-425	151	3	65.08217	65.08217	NUM
gujaf-425	151	4	9.956988	9.956988	NUM
gujaf-425	151	5	125.4358	125.4358	NUM
gujaf-425	151	6	15.81391	15.81391	NUM
gujaf-425	151	7	4745.401	4745.401	NUM
gujaf-425	151	8	obs	obs	PROPN
gujaf-425	151	9	31	31	NUM
gujaf-425	151	10	31	31	NUM
gujaf-425	151	11	31	31	NUM
gujaf-425	151	12	31	31	NUM
gujaf-425	151	13	31	31	NUM
gujaf-425	151	14	31	31	NUM
gujaf-425	151	15	31	31	NUM
gujaf-425	151	16	gusau	gusau	ADJ
gujaf-425	151	17	journal	journal	NOUN
gujaf-425	151	18	of	of	ADP
gujaf-425	151	19	accounting	accounting	NOUN
gujaf-425	151	20	and	and	CCONJ
gujaf-425	151	21	finance	finance	NOUN
gujaf-425	151	22	,	,	PUNCT
gujaf-425	151	23	vol.6	vol.6	PROPN
gujaf-425	151	24	,	,	PUNCT
gujaf-425	151	25	issue	issue	NOUN
gujaf-425	151	26	2	2	NUM
gujaf-425	151	27	,	,	PUNCT
gujaf-425	151	28	april	april	PROPN
gujaf-425	151	29	,	,	PUNCT
gujaf-425	151	30	2025	2025	NUM
gujaf-425	151	31	216	216	NUM
gujaf-425	151	32	source	source	NOUN
gujaf-425	151	33	:	:	PUNCT
gujaf-425	151	34	authors	author	NOUN
gujaf-425	151	35	compilation	compilation	NOUN
gujaf-425	151	36	,	,	PUNCT
gujaf-425	151	37	2024	2024	NUM
gujaf-425	151	38	.	.	PUNCT
gujaf-425	151	39	table	table	NOUN
gujaf-425	151	40	2	2	NUM
gujaf-425	151	41	presents	present	VERB
gujaf-425	151	42	the	the	DET
gujaf-425	151	43	result	result	NOUN
gujaf-425	151	44	of	of	ADP
gujaf-425	151	45	summary	summary	NOUN
gujaf-425	151	46	statistics	statistic	NOUN
gujaf-425	151	47	for	for	ADP
gujaf-425	151	48	each	each	DET
gujaf-425	151	49	variable	variable	NOUN
gujaf-425	151	50	over	over	ADP
gujaf-425	151	51	the	the	DET
gujaf-425	151	52	selected	select	VERB
gujaf-425	151	53	time	time	NOUN
gujaf-425	151	54	period	period	NOUN
gujaf-425	151	55	.	.	PUNCT
gujaf-425	152	1	thesummarystatisticsprovideaninitialoverview	thesummarystatisticsprovideaninitialoverview	NOUN
gujaf-425	152	2	of	of	ADP
gujaf-425	152	3	the	the	DET
gujaf-425	152	4	central	central	ADJ
gujaf-425	152	5	tendencies	tendency	NOUN
gujaf-425	152	6	and	and	CCONJ
gujaf-425	152	7	dispersions	dispersion	NOUN
gujaf-425	152	8	of	of	ADP
gujaf-425	152	9	thevariablesusedinthestudy.the	thevariablesusedinthestudy.the	DET
gujaf-425	152	10	average	average	ADJ
gujaf-425	152	11	gross	gross	ADJ
gujaf-425	152	12	domestic	domestic	ADJ
gujaf-425	152	13	product	product	NOUN
gujaf-425	152	14	(	(	PUNCT
gujaf-425	152	15	gdp	gdp	NOUN
gujaf-425	152	16	)	)	PUNCT
gujaf-425	152	17	over	over	ADP
gujaf-425	152	18	the	the	DET
gujaf-425	152	19	observed	observed	ADJ
gujaf-425	152	20	periodis₦62,813.18million	periodis₦62,813.18million	NOUN
gujaf-425	152	21	,	,	PUNCT
gujaf-425	152	22	withastandarddeviationof₦64,835.39million.thislarge	withastandarddeviationof₦64,835.39million.thislarge	VERB
gujaf-425	152	23	dispersionsuggestssignificantvariabilityineconomicoutputacrosstheyears.theminimum	dispersionsuggestssignificantvariabilityineconomicoutputacrosstheyears.theminimum	NUM
gujaf-425	152	24	andmaximumgdpvalues,₦1,244.80millionand₦229,912.90millionrespectively	andmaximumgdpvalues,₦1,244.80millionand₦229,912.90millionrespectively	ADV
gujaf-425	152	25	,	,	PUNCT
gujaf-425	152	26	further	far	ADV
gujaf-425	152	27	reflectthiswiderange	reflectthiswiderange	NOUN
gujaf-425	152	28	,	,	PUNCT
gujaf-425	152	29	indicatingperiodsoflowandhigheconomicperformancewithinthe	indicatingperiodsoflowandhigheconomicperformancewithinthe	PRON
gujaf-425	152	30	sample	sample	NOUN
gujaf-425	152	31	period	period	NOUN
gujaf-425	152	32	.	.	PUNCT
gujaf-425	153	1	microfinance	microfinance	NOUN
gujaf-425	153	2	indicators	indicator	NOUN
gujaf-425	153	3	also	also	ADV
gujaf-425	153	4	show	show	VERB
gujaf-425	153	5	notable	notable	ADJ
gujaf-425	153	6	fluctuations	fluctuation	NOUN
gujaf-425	153	7	.	.	PUNCT
gujaf-425	154	1	microfinance	microfinance	NOUN
gujaf-425	154	2	savings	saving	NOUN
gujaf-425	154	3	(	(	PUNCT
gujaf-425	154	4	mfsav	mfsav	NOUN
gujaf-425	154	5	)	)	PUNCT
gujaf-425	154	6	has	have	VERB
gujaf-425	154	7	ameanof₦8,290.94millionandahighstandarddeviationof₦10,938.23million	ameanof₦8,290.94millionandahighstandarddeviationof₦10,938.23million	NOUN
gujaf-425	154	8	,	,	PUNCT
gujaf-425	154	9	rangingfrom	rangingfrom	ADJ
gujaf-425	154	10	₦	₦	PROPN
gujaf-425	154	11	85.03	85.03	NUM
gujaf-425	154	12	million	million	NUM
gujaf-425	154	13	to	to	ADP
gujaf-425	154	14	₦	₦	ADV
gujaf-425	154	15	47,375.98	47,375.98	NUM
gujaf-425	154	16	million	million	NUM
gujaf-425	154	17	.	.	PUNCT
gujaf-425	155	1	these	these	DET
gujaf-425	155	2	wide	wide	ADJ
gujaf-425	155	3	spread	spread	NOUN
gujaf-425	155	4	reveals	reveal	VERB
gujaf-425	155	5	considerable	considerable	ADJ
gujaf-425	155	6	growth	growth	NOUN
gujaf-425	155	7	and	and	CCONJ
gujaf-425	155	8	differences	difference	NOUN
gujaf-425	155	9	in	in	ADP
gujaf-425	155	10	savings	saving	NOUN
gujaf-425	155	11	mobilized	mobilize	VERB
gujaf-425	155	12	by	by	ADP
gujaf-425	155	13	microfinance	microfinance	NOUN
gujaf-425	155	14	institutions	institution	NOUN
gujaf-425	155	15	overtime.similarly	overtime.similarly	ADV
gujaf-425	155	16	,	,	PUNCT
gujaf-425	155	17	microfinance	microfinance	NOUN
gujaf-425	155	18	lending	lending	NOUN
gujaf-425	155	19	(	(	PUNCT
gujaf-425	155	20	mfl	mfl	PROPN
gujaf-425	155	21	)	)	PUNCT
gujaf-425	155	22	has	have	VERB
gujaf-425	155	23	an	an	DET
gujaf-425	155	24	average	average	NOUN
gujaf-425	155	25	of	of	ADP
gujaf-425	155	26	₦	₦	PROPN
gujaf-425	155	27	46.50	46.50	NUM
gujaf-425	155	28	billion	billion	NUM
gujaf-425	155	29	with	with	ADP
gujaf-425	155	30	a	a	DET
gujaf-425	155	31	standard	standard	ADJ
gujaf-425	155	32	deviation	deviation	NOUN
gujaf-425	155	33	of	of	ADP
gujaf-425	155	34	₦	₦	PROPN
gujaf-425	155	35	65.08	65.08	NUM
gujaf-425	155	36	billion	billion	NUM
gujaf-425	155	37	,	,	PUNCT
gujaf-425	155	38	spanning	span	VERB
gujaf-425	155	39	from	from	ADP
gujaf-425	155	40	a	a	DET
gujaf-425	155	41	minimum	minimum	NOUN
gujaf-425	155	42	of	of	ADP
gujaf-425	155	43	₦	₦	ADP
gujaf-425	155	44	2.45	2.45	NUM
gujaf-425	155	45	billion	billion	NUM
gujaf-425	155	46	to	to	ADP
gujaf-425	155	47	a	a	DET
gujaf-425	155	48	maximum	maximum	NOUN
gujaf-425	155	49	of	of	ADP
gujaf-425	155	50	₦	₦	PROPN
gujaf-425	155	51	288.94	288.94	NUM
gujaf-425	155	52	billion	billion	NUM
gujaf-425	155	53	.	.	PUNCT
gujaf-425	156	1	microfinance	microfinance	NOUN
gujaf-425	156	2	investment	investment	NOUN
gujaf-425	156	3	(	(	PUNCT
gujaf-425	156	4	mfinv	mfinv	ADJ
gujaf-425	156	5	)	)	PUNCT
gujaf-425	156	6	,	,	PUNCT
gujaf-425	156	7	though	though	SCONJ
gujaf-425	156	8	lower	low	ADJ
gujaf-425	156	9	in	in	ADP
gujaf-425	156	10	scale	scale	NOUN
gujaf-425	156	11	,	,	PUNCT
gujaf-425	156	12	also	also	ADV
gujaf-425	156	13	exhibits	exhibit	VERB
gujaf-425	156	14	variation	variation	NOUN
gujaf-425	156	15	with	with	ADP
gujaf-425	156	16	a	a	DET
gujaf-425	156	17	mean	mean	NOUN
gujaf-425	156	18	of	of	ADP
gujaf-425	156	19	₦	₦	PROPN
gujaf-425	156	20	11.64	11.64	NUM
gujaf-425	156	21	billion	billion	NUM
gujaf-425	156	22	and	and	CCONJ
gujaf-425	156	23	a	a	DET
gujaf-425	156	24	standard	standard	ADJ
gujaf-425	156	25	deviation	deviation	NOUN
gujaf-425	156	26	of	of	ADP
gujaf-425	156	27	₦	₦	PROPN
gujaf-425	156	28	9.96	9.96	NUM
gujaf-425	156	29	billion	billion	NUM
gujaf-425	156	30	.	.	PUNCT
gujaf-425	157	1	the	the	DET
gujaf-425	157	2	exchange	exchange	NOUN
gujaf-425	157	3	rate	rate	NOUN
gujaf-425	157	4	(	(	PUNCT
gujaf-425	157	5	exr	exr	PROPN
gujaf-425	157	6	)	)	PUNCT
gujaf-425	157	7	demonstrates	demonstrate	VERB
gujaf-425	157	8	high	high	ADJ
gujaf-425	157	9	volatility	volatility	NOUN
gujaf-425	157	10	,	,	PUNCT
gujaf-425	157	11	averaging₦170.23totheusdollar	averaging₦170.23totheusdollar	VERB
gujaf-425	157	12	,	,	PUNCT
gujaf-425	157	13	but	but	CCONJ
gujaf-425	157	14	with	with	ADP
gujaf-425	157	15	a	a	DET
gujaf-425	157	16	standard	standard	ADJ
gujaf-425	157	17	deviation	deviation	NOUN
gujaf-425	157	18	of	of	ADP
gujaf-425	157	19	₦	₦	X
gujaf-425	157	20	125.44	125.44	NUM
gujaf-425	157	21	.	.	PUNCT
gujaf-425	158	1	the	the	DET
gujaf-425	158	2	exchange	exchange	NOUN
gujaf-425	158	3	rate	rate	NOUN
gujaf-425	158	4	ranged	range	VERB
gujaf-425	158	5	from	from	ADP
gujaf-425	158	6	₦	₦	ADV
gujaf-425	158	7	21.88	21.88	NUM
gujaf-425	158	8	to	to	ADP
gujaf-425	158	9	₦	₦	SYM
gujaf-425	158	10	476.13	476.13	NUM
gujaf-425	158	11	,	,	PUNCT
gujaf-425	158	12	underscoring	underscore	VERB
gujaf-425	158	13	the	the	DET
gujaf-425	158	14	extent	extent	NOUN
gujaf-425	158	15	of	of	ADP
gujaf-425	158	16	naira	naira	ADJ
gujaf-425	158	17	depreciation	depreciation	NOUN
gujaf-425	158	18	over	over	ADP
gujaf-425	158	19	the	the	DET
gujaf-425	158	20	years	year	NOUN
gujaf-425	158	21	.	.	PUNCT
gujaf-425	159	1	inflation	inflation	NOUN
gujaf-425	159	2	rate	rate	NOUN
gujaf-425	159	3	(	(	PUNCT
gujaf-425	159	4	inf	inf	NOUN
gujaf-425	159	5	)	)	PUNCT
gujaf-425	159	6	also	also	ADV
gujaf-425	159	7	varied	varied	ADJ
gujaf-425	159	8	significantly	significantly	ADV
gujaf-425	159	9	,	,	PUNCT
gujaf-425	159	10	withanaverageof17.95%andamaximumof72.84%,reflectingepisodesof	withanaverageof17.95%andamaximumof72.84%,reflectingepisodesof	VERB
gujaf-425	159	11	macroeconomic	macroeconomic	ADJ
gujaf-425	159	12	instability	instability	NOUN
gujaf-425	159	13	.	.	PUNCT
gujaf-425	160	1	government	government	NOUN
gujaf-425	160	2	expenditure	expenditure	NOUN
gujaf-425	160	3	(	(	PUNCT
gujaf-425	160	4	gex	gex	PROPN
gujaf-425	160	5	)	)	PUNCT
gujaf-425	160	6	averages	average	NOUN
gujaf-425	160	7	₦	₦	PROPN
gujaf-425	160	8	4,407.64	4,407.64	NUM
gujaf-425	160	9	million	million	NUM
gujaf-425	160	10	,	,	PUNCT
gujaf-425	160	11	witha	witha	X
gujaf-425	160	12	minimum	minimum	NOUN
gujaf-425	160	13	of	of	ADP
gujaf-425	160	14	₦	₦	PROPN
gujaf-425	160	15	160.89millionandamaximumof₦19,808.44million	160.89millionandamaximumof₦19,808.44million	PROPN
gujaf-425	160	16	,	,	PUNCT
gujaf-425	160	17	suggestingchangingfiscal	suggestingchangingfiscal	ADJ
gujaf-425	160	18	priorities	priority	NOUN
gujaf-425	160	19	or	or	CCONJ
gujaf-425	160	20	expansions	expansion	NOUN
gujaf-425	160	21	over	over	ADP
gujaf-425	160	22	time	time	NOUN
gujaf-425	160	23	.	.	PUNCT
gujaf-425	161	1	pre	pre	VERB
gujaf-425	161	2	-	-	NOUN
gujaf-425	161	3	estimationtests	estimationtest	VERB
gujaf-425	161	4	the	the	DET
gujaf-425	161	5	unit	unit	NOUN
gujaf-425	161	6	root	root	PROPN
gujaf-425	161	7	test	test	NOUN
gujaf-425	161	8	,	,	PUNCT
gujaf-425	161	9	based	base	VERB
gujaf-425	161	10	on	on	ADP
gujaf-425	161	11	the	the	DET
gujaf-425	161	12	kwiatkowski	kwiatkowski	PROPN
gujaf-425	161	13	phillips	phillips	PROPN
gujaf-425	161	14	-	-	PUNCT
gujaf-425	161	15	schmidt	schmidt	ADJ
gujaf-425	161	16	-	-	PUNCT
gujaf-425	161	17	shin	shin	NOUN
gujaf-425	161	18	(	(	PUNCT
gujaf-425	161	19	kpss	kpss	NOUN
gujaf-425	161	20	)	)	PUNCT
gujaf-425	161	21	procedure	procedure	NOUN
gujaf-425	161	22	,	,	PUNCT
gujaf-425	161	23	was	be	AUX
gujaf-425	161	24	carried	carry	VERB
gujaf-425	161	25	out	out	ADP
gujaf-425	161	26	to	to	PART
gujaf-425	161	27	assess	assess	VERB
gujaf-425	161	28	the	the	DET
gujaf-425	161	29	stationarity	stationarity	NOUN
gujaf-425	161	30	of	of	ADP
gujaf-425	161	31	each	each	DET
gujaf-425	161	32	variable	variable	NOUN
gujaf-425	161	33	,	,	PUNCT
gujaf-425	161	34	thereby	thereby	ADV
gujaf-425	161	35	reducing	reduce	VERB
gujaf-425	161	36	the	the	DET
gujaf-425	161	37	risk	risk	NOUN
gujaf-425	161	38	of	of	ADP
gujaf-425	161	39	obtaining	obtain	VERB
gujaf-425	161	40	spurious	spurious	ADJ
gujaf-425	161	41	regression	regression	NOUN
gujaf-425	161	42	results	result	NOUN
gujaf-425	161	43	that	that	PRON
gujaf-425	161	44	can	can	AUX
gujaf-425	161	45	occur	occur	VERB
gujaf-425	161	46	when	when	SCONJ
gujaf-425	161	47	working	work	VERB
gujaf-425	161	48	with	with	ADP
gujaf-425	161	49	non	non	ADJ
gujaf-425	161	50	-	-	ADJ
gujaf-425	161	51	stationary	stationary	ADJ
gujaf-425	161	52	timeseriesdata.in	timeseriesdata.in	NUM
gujaf-425	161	53	addition	addition	NOUN
gujaf-425	161	54	,	,	PUNCT
gujaf-425	161	55	the	the	DET
gujaf-425	161	56	ardl	ardl	NOUN
gujaf-425	161	57	bounds	bound	VERB
gujaf-425	161	58	co	co	NOUN
gujaf-425	161	59	-	-	NOUN
gujaf-425	161	60	integration	integration	NOUN
gujaf-425	161	61	test	test	NOUN
gujaf-425	161	62	was	be	AUX
gujaf-425	161	63	employed	employ	VERB
gujaf-425	161	64	to	to	PART
gujaf-425	161	65	evaluate	evaluate	VERB
gujaf-425	161	66	the	the	DET
gujaf-425	161	67	presence	presence	NOUN
gujaf-425	161	68	of	of	ADP
gujaf-425	161	69	a	a	DET
gujaf-425	161	70	long	long	ADV
gujaf-425	161	71	-	-	PUNCT
gujaf-425	161	72	run	run	VERB
gujaf-425	161	73	equilibrium	equilibrium	NOUN
gujaf-425	161	74	relationship	relationship	NOUN
gujaf-425	161	75	among	among	ADP
gujaf-425	161	76	the	the	DET
gujaf-425	161	77	variables	variable	NOUN
gujaf-425	161	78	included	include	VERB
gujaf-425	161	79	in	in	ADP
gujaf-425	161	80	the	the	DET
gujaf-425	161	81	model	model	NOUN
gujaf-425	161	82	.	.	PUNCT
gujaf-425	162	1	table3	table3	PROPN
gujaf-425	162	2	:	:	PUNCT
gujaf-425	162	3	kwiatkowski	kwiatkowski	PROPN
gujaf-425	162	4	-	-	PUNCT
gujaf-425	162	5	phillips	phillip	NOUN
gujaf-425	162	6	-	-	PUNCT
gujaf-425	162	7	schmidt	schmidt	ADJ
gujaf-425	162	8	-	-	PUNCT
gujaf-425	162	9	shinunitroottestresult	shinunitroottestresult	NOUN
gujaf-425	162	10	variables	variable	NOUN
gujaf-425	162	11	t	t	PROPN
gujaf-425	162	12	-	-	PUNCT
gujaf-425	162	13	statistics	statistic	NOUN
gujaf-425	162	14	p	p	ADJ
gujaf-425	162	15	-	-	PUNCT
gujaf-425	162	16	value@5%significancelevel	value@5%significancelevel	NOUN
gujaf-425	162	17	orderofintegration	orderofintegration	NOUN
gujaf-425	162	18	gdp	gdp	NOUN
gujaf-425	162	19	0.143244	0.143244	NUM
gujaf-425	162	20	0.146000	0.146000	NUM
gujaf-425	162	21	i(1	i(1	NOUN
gujaf-425	162	22	)	)	PUNCT
gujaf-425	162	23	mfsav	mfsav	VERB
gujaf-425	162	24	0.144470	0.144470	NUM
gujaf-425	162	25	0.146000	0.146000	NUM
gujaf-425	162	26	i(1	i(1	NOUN
gujaf-425	162	27	)	)	PUNCT
gujaf-425	162	28	mfl	mfl	NOUN
gujaf-425	163	1	0.138413	0.138413	NUM
gujaf-425	163	2	0.146000	0.146000	NUM
gujaf-425	163	3	i(1	i(1	NOUN
gujaf-425	163	4	)	)	PUNCT
gujaf-425	163	5	gusau	gusau	ADJ
gujaf-425	163	6	journal	journal	NOUN
gujaf-425	163	7	of	of	ADP
gujaf-425	163	8	accounting	accounting	NOUN
gujaf-425	163	9	and	and	CCONJ
gujaf-425	163	10	finance	finance	NOUN
gujaf-425	163	11	,	,	PUNCT
gujaf-425	163	12	vol.6	vol.6	PROPN
gujaf-425	163	13	,	,	PUNCT
gujaf-425	163	14	issue	issue	NOUN
gujaf-425	163	15	2	2	NUM
gujaf-425	163	16	,	,	PUNCT
gujaf-425	163	17	april	april	PROPN
gujaf-425	163	18	,	,	PUNCT
gujaf-425	163	19	2025	2025	NUM
gujaf-425	163	20	217	217	NUM
gujaf-425	163	21	mfinv	mfinv	ADJ
gujaf-425	163	22	0.099119	0.099119	NUM
gujaf-425	163	23	0.146000	0.146000	NUM
gujaf-425	163	24	i(0	i(0	NOUN
gujaf-425	163	25	)	)	PUNCT
gujaf-425	163	26	exr	exr	PROPN
gujaf-425	163	27	0.128668	0.128668	NUM
gujaf-425	163	28	0.146000	0.146000	NUM
gujaf-425	163	29	i(0	i(0	PROPN
gujaf-425	163	30	)	)	PUNCT
gujaf-425	163	31	inf	inf	NOUN
gujaf-425	163	32	0.123337	0.123337	NUM
gujaf-425	163	33	0.146000	0.146000	NUM
gujaf-425	163	34	i(1	i(1	PROPN
gujaf-425	163	35	)	)	PUNCT
gujaf-425	163	36	gex	gex	NOUN
gujaf-425	163	37	0.139398	0.139398	NUM
gujaf-425	163	38	0.146000	0.146000	NUM
gujaf-425	163	39	i(1	i(1	PROPN
gujaf-425	163	40	)	)	PUNCT
gujaf-425	163	41	source	source	NOUN
gujaf-425	163	42	:	:	PUNCT
gujaf-425	163	43	authors	author	NOUN
gujaf-425	163	44	compilation	compilation	NOUN
gujaf-425	163	45	,	,	PUNCT
gujaf-425	163	46	2024	2024	NUM
gujaf-425	163	47	.	.	PUNCT
gujaf-425	163	48	table	table	NOUN
gujaf-425	163	49	3	3	NUM
gujaf-425	163	50	shows	show	VERB
gujaf-425	163	51	the	the	DET
gujaf-425	163	52	kwiatkowski	kwiatkowski	PROPN
gujaf-425	163	53	–	–	PUNCT
gujaf-425	163	54	phillips	phillips	NOUN
gujaf-425	163	55	-	-	PUNCT
gujaf-425	163	56	schmidt	schmidt	ADJ
gujaf-425	163	57	-	-	PUNCT
gujaf-425	163	58	shin	shin	NOUN
gujaf-425	163	59	unit	unit	NOUN
gujaf-425	163	60	root	root	PROPN
gujaf-425	163	61	test	test	NOUN
gujaf-425	163	62	result	result	NOUN
gujaf-425	163	63	.	.	PUNCT
gujaf-425	164	1	gdp	gdp	NOUN
gujaf-425	164	2	(	(	PUNCT
gujaf-425	164	3	gross	gross	ADJ
gujaf-425	164	4	domestic	domestic	ADJ
gujaf-425	164	5	product	product	NOUN
gujaf-425	164	6	)	)	PUNCT
gujaf-425	164	7	,	,	PUNCT
gujaf-425	164	8	mfsav	mfsav	NOUN
gujaf-425	164	9	(	(	PUNCT
gujaf-425	164	10	microfinance	microfinance	NOUN
gujaf-425	164	11	savings	saving	NOUN
gujaf-425	164	12	)	)	PUNCT
gujaf-425	164	13	,	,	PUNCT
gujaf-425	164	14	mfl	mfl	PROPN
gujaf-425	164	15	(	(	PUNCT
gujaf-425	164	16	microfinance	microfinance	NOUN
gujaf-425	164	17	lending	lending	NOUN
gujaf-425	164	18	)	)	PUNCT
gujaf-425	164	19	,	,	PUNCT
gujaf-425	164	20	inf	inf	PROPN
gujaf-425	164	21	(	(	PUNCT
gujaf-425	164	22	inflation	inflation	NOUN
gujaf-425	164	23	)	)	PUNCT
gujaf-425	164	24	,	,	PUNCT
gujaf-425	164	25	and	and	CCONJ
gujaf-425	164	26	gex	gex	PROPN
gujaf-425	164	27	(	(	PUNCT
gujaf-425	164	28	government	government	NOUN
gujaf-425	164	29	expenditure	expenditure	NOUN
gujaf-425	164	30	)	)	PUNCT
gujaf-425	164	31	are	be	AUX
gujaf-425	164	32	non	non	ADJ
gujaf-425	164	33	-	-	ADJ
gujaf-425	164	34	stationary	stationary	ADJ
gujaf-425	164	35	at	at	ADP
gujaf-425	164	36	level	level	NOUN
gujaf-425	164	37	but	but	CCONJ
gujaf-425	164	38	become	become	VERB
gujaf-425	164	39	stationary	stationary	ADJ
gujaf-425	164	40	after	after	ADP
gujaf-425	164	41	first	first	ADJ
gujaf-425	164	42	differencing	differencing	NOUN
gujaf-425	164	43	,	,	PUNCT
gujaf-425	164	44	hence	hence	ADV
gujaf-425	164	45	they	they	PRON
gujaf-425	164	46	are	be	AUX
gujaf-425	164	47	integrated	integrate	VERB
gujaf-425	164	48	of	of	ADP
gujaf-425	164	49	order	order	NOUN
gujaf-425	164	50	one	one	NUM
gujaf-425	164	51	,	,	PUNCT
gujaf-425	164	52	i(1	i(1	PROPN
gujaf-425	164	53	)	)	PUNCT
gujaf-425	164	54	.	.	PUNCT
gujaf-425	165	1	on	on	ADP
gujaf-425	165	2	the	the	DET
gujaf-425	165	3	other	other	ADJ
gujaf-425	165	4	hand	hand	NOUN
gujaf-425	165	5	,	,	PUNCT
gujaf-425	165	6	mfinv	mfinv	ADJ
gujaf-425	165	7	(	(	PUNCT
gujaf-425	165	8	microfinance	microfinance	NOUN
gujaf-425	165	9	investment	investment	NOUN
gujaf-425	165	10	)	)	PUNCT
gujaf-425	165	11	and	and	CCONJ
gujaf-425	165	12	exr	exr	PROPN
gujaf-425	165	13	(	(	PUNCT
gujaf-425	165	14	exchange	exchange	NOUN
gujaf-425	165	15	rate	rate	NOUN
gujaf-425	165	16	)	)	PUNCT
gujaf-425	165	17	have	have	AUX
gujaf-425	165	18	test	test	NOUN
gujaf-425	165	19	statistics	statistic	NOUN
gujaf-425	165	20	lower	low	ADJ
gujaf-425	165	21	thanthe5%criticalvalue	thanthe5%criticalvalue	PROPN
gujaf-425	165	22	,	,	PUNCT
gujaf-425	165	23	indicatingtheyarestationaryatleveli(0).sincethevariablesare	indicatingtheyarestationaryatleveli(0).sincethevariablesare	VERB
gujaf-425	165	24	a	a	DET
gujaf-425	165	25	mix	mix	NOUN
gujaf-425	165	26	of	of	ADP
gujaf-425	165	27	i(0	i(0	PROPN
gujaf-425	165	28	)	)	PUNCT
gujaf-425	165	29	and	and	CCONJ
gujaf-425	165	30	i(1	i(1	NOUN
gujaf-425	165	31	)	)	PUNCT
gujaf-425	166	1	but	but	CCONJ
gujaf-425	166	2	none	none	NOUN
gujaf-425	166	3	are	be	AUX
gujaf-425	166	4	i(2	i(2	PROPN
gujaf-425	166	5	)	)	PUNCT
gujaf-425	166	6	,	,	PUNCT
gujaf-425	166	7	it	it	PRON
gujaf-425	166	8	satisfies	satisfy	VERB
gujaf-425	166	9	the	the	DET
gujaf-425	166	10	condition	condition	NOUN
gujaf-425	166	11	for	for	ADP
gujaf-425	166	12	using	use	VERB
gujaf-425	166	13	the	the	DET
gujaf-425	166	14	autoregressive	autoregressive	ADJ
gujaf-425	166	15	distributed	distribute	VERB
gujaf-425	166	16	lag	lag	NOUN
gujaf-425	166	17	(	(	PUNCT
gujaf-425	166	18	ardl	ardl	NOUN
gujaf-425	166	19	)	)	PUNCT
gujaf-425	166	20	bounds	bound	VERB
gujaf-425	166	21	testing	test	VERB
gujaf-425	166	22	approach	approach	NOUN
gujaf-425	166	23	to	to	PART
gujaf-425	166	24	test	test	VERB
gujaf-425	166	25	for	for	ADP
gujaf-425	166	26	cointegration	cointegration	NOUN
gujaf-425	166	27	and	and	CCONJ
gujaf-425	166	28	estimate	estimate	VERB
gujaf-425	166	29	both	both	DET
gujaf-425	166	30	long	long	ADV
gujaf-425	166	31	-	-	PUNCT
gujaf-425	166	32	run	run	VERB
gujaf-425	166	33	and	and	CCONJ
gujaf-425	166	34	shortrun	shortrun	NOUN
gujaf-425	166	35	dynamics	dynamic	NOUN
gujaf-425	166	36	in	in	ADP
gujaf-425	166	37	the	the	DET
gujaf-425	166	38	model	model	NOUN
gujaf-425	166	39	.	.	PUNCT
gujaf-425	167	1	correlationanalysis	correlationanalysis	NOUN
gujaf-425	167	2	this	this	DET
gujaf-425	167	3	section	section	NOUN
gujaf-425	167	4	presents	present	VERB
gujaf-425	167	5	the	the	DET
gujaf-425	167	6	correlation	correlation	NOUN
gujaf-425	167	7	coefficients	coefficient	NOUN
gujaf-425	167	8	of	of	ADP
gujaf-425	167	9	the	the	DET
gujaf-425	167	10	relationship	relationship	NOUN
gujaf-425	167	11	between	between	ADP
gujaf-425	167	12	change	change	NOUN
gujaf-425	167	13	in	in	ADP
gujaf-425	167	14	gross	gross	ADJ
gujaf-425	167	15	domestic	domestic	ADJ
gujaf-425	167	16	product	product	NOUN
gujaf-425	167	17	(	(	PUNCT
gujaf-425	167	18	δgdp	δgdp	NOUN
gujaf-425	167	19	)	)	PUNCT
gujaf-425	167	20	and	and	CCONJ
gujaf-425	167	21	the	the	DET
gujaf-425	167	22	independent	independent	ADJ
gujaf-425	167	23	variables	variable	NOUN
gujaf-425	167	24	used	use	VERB
gujaf-425	167	25	in	in	ADP
gujaf-425	167	26	this	this	DET
gujaf-425	167	27	study	study	NOUN
gujaf-425	167	28	,	,	PUNCT
gujaf-425	167	29	including	include	VERB
gujaf-425	167	30	microfinance	microfinance	NOUN
gujaf-425	167	31	savings	saving	NOUN
gujaf-425	167	32	(	(	PUNCT
gujaf-425	167	33	mfsav	mfsav	NOUN
gujaf-425	167	34	)	)	PUNCT
gujaf-425	167	35	,	,	PUNCT
gujaf-425	167	36	microfinance	microfinance	NOUN
gujaf-425	167	37	lending	lending	NOUN
gujaf-425	167	38	(	(	PUNCT
gujaf-425	167	39	mfl	mfl	PROPN
gujaf-425	167	40	)	)	PUNCT
gujaf-425	167	41	,	,	PUNCT
gujaf-425	167	42	microfinance	microfinance	NOUN
gujaf-425	167	43	investment	investment	NOUN
gujaf-425	167	44	(	(	PUNCT
gujaf-425	167	45	mfinv	mfinv	ADJ
gujaf-425	167	46	)	)	PUNCT
gujaf-425	167	47	,	,	PUNCT
gujaf-425	167	48	exchange	exchange	NOUN
gujaf-425	167	49	rate	rate	NOUN
gujaf-425	167	50	(	(	PUNCT
gujaf-425	167	51	exc	exc	NOUN
gujaf-425	167	52	)	)	PUNCT
gujaf-425	167	53	,	,	PUNCT
gujaf-425	167	54	inflation	inflation	NOUN
gujaf-425	167	55	rate	rate	NOUN
gujaf-425	167	56	(	(	PUNCT
gujaf-425	167	57	inf	inf	NOUN
gujaf-425	167	58	)	)	PUNCT
gujaf-425	167	59	,	,	PUNCT
gujaf-425	167	60	and	and	CCONJ
gujaf-425	167	61	government	government	NOUN
gujaf-425	167	62	expenditure	expenditure	NOUN
gujaf-425	167	63	(	(	PUNCT
gujaf-425	167	64	gex	gex	PROPN
gujaf-425	167	65	)	)	PUNCT
gujaf-425	167	66	.	.	PUNCT
gujaf-425	168	1	it	it	PRON
gujaf-425	168	2	also	also	ADV
gujaf-425	168	3	examines	examine	VERB
gujaf-425	168	4	the	the	DET
gujaf-425	168	5	correlation	correlation	NOUN
gujaf-425	168	6	coefficients	coefficient	NOUN
gujaf-425	168	7	among	among	ADP
gujaf-425	168	8	the	the	DET
gujaf-425	168	9	independent	independent	ADJ
gujaf-425	168	10	variables	variable	NOUN
gujaf-425	168	11	to	to	PART
gujaf-425	168	12	understand	understand	VERB
gujaf-425	168	13	their	their	PRON
gujaf-425	168	14	interrelationships	interrelationship	NOUN
gujaf-425	168	15	.	.	PUNCT
gujaf-425	169	1	thecorrespondingp	thecorrespondingp	NOUN
gujaf-425	169	2	-	-	PUNCT
gujaf-425	169	3	valuesareprovidedalongsidethecorrelationcoefficients	valuesareprovidedalongsidethecorrelationcoefficient	NOUN
gujaf-425	169	4	(	(	PUNCT
gujaf-425	169	5	in	in	ADP
gujaf-425	169	6	bold	bold	ADJ
gujaf-425	169	7	)	)	PUNCT
gujaf-425	169	8	to	to	PART
gujaf-425	169	9	assess	assess	VERB
gujaf-425	169	10	the	the	DET
gujaf-425	169	11	significance	significance	NOUN
gujaf-425	169	12	of	of	ADP
gujaf-425	169	13	each	each	PRON
gujaf-425	169	14	of	of	ADP
gujaf-425	169	15	these	these	DET
gujaf-425	169	16	relationships	relationship	NOUN
gujaf-425	169	17	.	.	PUNCT
gujaf-425	170	1	table4	table4	NOUN
gujaf-425	170	2	:	:	PUNCT
gujaf-425	170	3	resultofcorrelationanalysis	resultofcorrelationanalysis	NOUN
gujaf-425	170	4	1	1	NUM
gujaf-425	170	5	2	2	NUM
gujaf-425	170	6	3	3	NUM
gujaf-425	170	7	4	4	NUM
gujaf-425	170	8	5	5	NUM
gujaf-425	170	9	6	6	NUM
gujaf-425	170	10	7	7	NUM
gujaf-425	170	11	gdp	gdp	NOUN
gujaf-425	170	12	p	p	NOUN
gujaf-425	170	13	-	-	PUNCT
gujaf-425	170	14	value	value	NOUN
gujaf-425	170	15	1.000000	1.000000	NUM
gujaf-425	170	16	----	----	PUNCT
gujaf-425	170	17	mfsav	mfsav	VERB
gujaf-425	170	18	0.967896	0.967896	PRON
gujaf-425	170	19	1.000000	1.000000	NUM
gujaf-425	170	20	p	p	ADJ
gujaf-425	170	21	-	-	PUNCT
gujaf-425	170	22	value	value	NOUN
gujaf-425	170	23	0.0000	0.0000	NUM
gujaf-425	170	24	----	----	PUNCT
gujaf-425	171	1	mfl	mfl	NOUN
gujaf-425	171	2	0.904124	0.904124	NUM
gujaf-425	171	3	0.965004	0.965004	NUM
gujaf-425	171	4	1.000000	1.000000	NUM
gujaf-425	171	5	p	p	NOUN
gujaf-425	171	6	-	-	PUNCT
gujaf-425	171	7	value	value	NOUN
gujaf-425	171	8	0.0000	0.0000	NUM
gujaf-425	171	9	0.0000	0.0000	NUM
gujaf-425	171	10	----	----	PUNCT
gujaf-425	171	11	mfinv	mfinv	VERB
gujaf-425	171	12	0.537845	0.537845	NUM
gujaf-425	171	13	0.508782	0.508782	NUM
gujaf-425	171	14	0.489106	0.489106	NUM
gujaf-425	171	15	1.000000	1.000000	NUM
gujaf-425	171	16	p	p	NOUN
gujaf-425	171	17	-	-	PUNCT
gujaf-425	171	18	value	value	NOUN
gujaf-425	171	19	0.0018	0.0018	NUM
gujaf-425	171	20	0.0035	0.0035	NUM
gujaf-425	171	21	0.0052	0.0052	NUM
gujaf-425	171	22	----	----	PUNCT
gujaf-425	171	23	exr	exr	PROPN
gujaf-425	171	24	0.964738	0.964738	NUM
gujaf-425	171	25	0.930254	0.930254	NUM
gujaf-425	171	26	0.876825	0.876825	NUM
gujaf-425	171	27	0.486235	0.486235	NUM
gujaf-425	171	28	1.000000	1.000000	NUM
gujaf-425	171	29	p	p	NOUN
gujaf-425	171	30	-	-	PUNCT
gujaf-425	171	31	value	value	NOUN
gujaf-425	171	32	0.0000	0.0000	NUM
gujaf-425	171	33	0.0000	0.0000	NUM
gujaf-425	171	34	0.0000	0.0000	NUM
gujaf-425	171	35	0.0055	0.0055	NUM
gujaf-425	171	36	----	----	PUNCT
gujaf-425	171	37	gusau	gusau	ADJ
gujaf-425	171	38	journal	journal	NOUN
gujaf-425	171	39	of	of	ADP
gujaf-425	171	40	accounting	accounting	NOUN
gujaf-425	171	41	and	and	CCONJ
gujaf-425	171	42	finance	finance	NOUN
gujaf-425	171	43	,	,	PUNCT
gujaf-425	171	44	vol.6	vol.6	PROPN
gujaf-425	171	45	,	,	PUNCT
gujaf-425	171	46	issue	issue	NOUN
gujaf-425	171	47	2	2	NUM
gujaf-425	171	48	,	,	PUNCT
gujaf-425	171	49	april	april	PROPN
gujaf-425	171	50	,	,	PUNCT
gujaf-425	171	51	2025	2025	NUM
gujaf-425	171	52	218	218	NUM
gujaf-425	171	53	inf	inf	NOUN
gujaf-425	171	54	-0.197629	-0.197629	X
gujaf-425	171	55	-0.109062	-0.109062	PROPN
gujaf-425	171	56	-0.072201	-0.072201	ADJ
gujaf-425	171	57	-0.315136	-0.315136	PUNCT
gujaf-425	171	58	-0.267663	-0.267663	X
gujaf-425	172	1	1.000000	1.000000	NUM
gujaf-425	172	2	p	p	NOUN
gujaf-425	172	3	-	-	PUNCT
gujaf-425	172	4	value	value	NOUN
gujaf-425	172	5	0.2866	0.2866	NUM
gujaf-425	172	6	0.5592	0.5592	NUM
gujaf-425	172	7	0.6995	0.6995	NUM
gujaf-425	172	8	0.0842	0.0842	NUM
gujaf-425	172	9	0.1455	0.1455	NUM
gujaf-425	172	10	----	----	PUNCT
gujaf-425	172	11	gex	gex	PROPN
gujaf-425	172	12	0.979799	0.979799	NUM
gujaf-425	173	1	0.988472	0.988472	NUM
gujaf-425	173	2	0.962108	0.962108	NUM
gujaf-425	173	3	0.541841	0.541841	NUM
gujaf-425	173	4	0.953139	0.953139	NUM
gujaf-425	173	5	-0.160538	-0.160538	NOUN
gujaf-425	174	1	1.000000	1.000000	NUM
gujaf-425	174	2	p	p	NOUN
gujaf-425	174	3	-	-	PUNCT
gujaf-425	174	4	value	value	NOUN
gujaf-425	174	5	0.0000	0.0000	NUM
gujaf-425	174	6	0.0000	0.0000	NUM
gujaf-425	174	7	0.0000	0.0000	NUM
gujaf-425	174	8	0.0016	0.0016	NUM
gujaf-425	174	9	0.0000	0.0000	NUM
gujaf-425	175	1	0.3883	0.3883	NUM
gujaf-425	175	2	----	----	PUNCT
gujaf-425	175	3	source	source	NOUN
gujaf-425	175	4	:	:	PUNCT
gujaf-425	175	5	authors	author	NOUN
gujaf-425	175	6	compilation	compilation	NOUN
gujaf-425	175	7	,	,	PUNCT
gujaf-425	175	8	2024	2024	NUM
gujaf-425	175	9	.	.	PUNCT
gujaf-425	176	1	table	table	NOUN
gujaf-425	176	2	4	4	NUM
gujaf-425	176	3	shows	show	VERB
gujaf-425	176	4	that	that	SCONJ
gujaf-425	176	5	gross	gross	ADJ
gujaf-425	176	6	domestic	domestic	ADJ
gujaf-425	176	7	product	product	NOUN
gujaf-425	176	8	(	(	PUNCT
gujaf-425	176	9	gdp	gdp	NOUN
gujaf-425	176	10	)	)	PUNCT
gujaf-425	176	11	has	have	VERB
gujaf-425	176	12	a	a	DET
gujaf-425	176	13	positive	positive	ADJ
gujaf-425	176	14	coefficient	coefficient	NOUN
gujaf-425	176	15	correlation	correlation	NOUN
gujaf-425	176	16	with	with	ADP
gujaf-425	176	17	microfinance	microfinance	NOUN
gujaf-425	176	18	savings	saving	NOUN
gujaf-425	176	19	(	(	PUNCT
gujaf-425	176	20	0.967896	0.967896	NUM
gujaf-425	176	21	)	)	PUNCT
gujaf-425	176	22	,	,	PUNCT
gujaf-425	176	23	microfinance	microfinance	NOUN
gujaf-425	176	24	lending	lending	NOUN
gujaf-425	176	25	(	(	PUNCT
gujaf-425	176	26	0.904124	0.904124	NUM
gujaf-425	176	27	)	)	PUNCT
gujaf-425	176	28	,	,	PUNCT
gujaf-425	176	29	microfinance	microfinance	NOUN
gujaf-425	176	30	investment	investment	NOUN
gujaf-425	176	31	(	(	PUNCT
gujaf-425	176	32	0.537845	0.537845	NUM
gujaf-425	176	33	)	)	PUNCT
gujaf-425	176	34	,	,	PUNCT
gujaf-425	176	35	exchange	exchange	NOUN
gujaf-425	176	36	rate	rate	NOUN
gujaf-425	176	37	(	(	PUNCT
gujaf-425	176	38	0.964738	0.964738	NUM
gujaf-425	176	39	)	)	PUNCT
gujaf-425	176	40	and	and	CCONJ
gujaf-425	176	41	government	government	NOUN
gujaf-425	176	42	expenditure	expenditure	NOUN
gujaf-425	176	43	(	(	PUNCT
gujaf-425	176	44	0.979799	0.979799	NUM
gujaf-425	176	45	)	)	PUNCT
gujaf-425	176	46	but	but	CCONJ
gujaf-425	176	47	has	have	VERB
gujaf-425	176	48	a	a	DET
gujaf-425	176	49	negative	negative	ADJ
gujaf-425	176	50	coefficient	coefficient	NOUN
gujaf-425	176	51	correlation	correlation	NOUN
gujaf-425	176	52	with	with	ADP
gujaf-425	176	53	inflation	inflation	NOUN
gujaf-425	176	54	rate	rate	NOUN
gujaf-425	176	55	(	(	PUNCT
gujaf-425	176	56	-0.197629	-0.197629	PROPN
gujaf-425	176	57	)	)	PUNCT
gujaf-425	176	58	.	.	PUNCT
gujaf-425	177	1	the	the	DET
gujaf-425	177	2	variables	variable	NOUN
gujaf-425	177	3	all	all	PRON
gujaf-425	177	4	have	have	VERB
gujaf-425	177	5	p	p	NOUN
gujaf-425	177	6	-	-	PUNCT
gujaf-425	177	7	values	value	NOUN
gujaf-425	177	8	lower	low	ADJ
gujaf-425	177	9	than	than	ADP
gujaf-425	177	10	the	the	DET
gujaf-425	177	11	conventional	conventional	ADJ
gujaf-425	177	12	5	5	NUM
gujaf-425	177	13	%	%	NOUN
gujaf-425	177	14	(	(	PUNCT
gujaf-425	177	15	0.05)significancelevelexceptinflationrate.thismeansthat	0.05)significancelevelexceptinflationrate.thismeansthat	PRON
gujaf-425	177	16	the	the	DET
gujaf-425	177	17	relationship	relationship	NOUN
gujaf-425	177	18	between	between	ADP
gujaf-425	177	19	gdp	gdp	NOUN
gujaf-425	177	20	and	and	CCONJ
gujaf-425	177	21	inflation	inflation	NOUN
gujaf-425	177	22	rate	rate	NOUN
gujaf-425	177	23	is	be	AUX
gujaf-425	177	24	not	not	PART
gujaf-425	177	25	statistically	statistically	ADV
gujaf-425	177	26	significant	significant	ADJ
gujaf-425	177	27	while	while	SCONJ
gujaf-425	177	28	the	the	DET
gujaf-425	177	29	relationship	relationship	NOUN
gujaf-425	177	30	between	between	ADP
gujaf-425	177	31	gdp	gdp	NOUN
gujaf-425	177	32	and	and	CCONJ
gujaf-425	177	33	all	all	DET
gujaf-425	177	34	other	other	ADJ
gujaf-425	177	35	independent	independent	ADJ
gujaf-425	177	36	variables	variable	NOUN
gujaf-425	177	37	is	be	AUX
gujaf-425	177	38	statistically	statistically	ADV
gujaf-425	177	39	significant	significant	ADJ
gujaf-425	177	40	.	.	PUNCT
gujaf-425	178	1	test	test	NOUN
gujaf-425	178	2	of	of	ADP
gujaf-425	178	3	hypotheses	hypothesis	NOUN
gujaf-425	178	4	ardlbounds	ardlbound	NOUN
gujaf-425	178	5	test	test	VERB
gujaf-425	178	6	the	the	DET
gujaf-425	178	7	null	null	ADJ
gujaf-425	178	8	hypothesisoftheardlboundco	hypothesisoftheardlboundco	ADJ
gujaf-425	178	9	-	-	PUNCT
gujaf-425	178	10	integrationteststatesthatnolong	integrationteststatesthatnolong	NOUN
gujaf-425	178	11	-	-	PUNCT
gujaf-425	178	12	runrelationship	runrelationship	NOUN
gujaf-425	178	13	existsamongthevariables.thisisevaluatedbycomparingthecomputedf	existsamongthevariables.thisisevaluatedbycomparingthecomputedf	PROPN
gujaf-425	178	14	-	-	NOUN
gujaf-425	178	15	statistictothe	statistictothe	NOUN
gujaf-425	178	16	critical	critical	ADJ
gujaf-425	178	17	valuebounds.ifthef	valuebounds.ifthef	PROPN
gujaf-425	178	18	-	-	PUNCT
gujaf-425	178	19	statisticisgreaterthantheupperboundi(1)ofthecriticalvalues	statisticisgreaterthantheupperboundi(1)ofthecriticalvalue	NOUN
gujaf-425	178	20	,	,	PUNCT
gujaf-425	178	21	thenullhypothesisisrejected	thenullhypothesisisrejecte	VERB
gujaf-425	178	22	,	,	PUNCT
gujaf-425	178	23	indicatingevidenceofalong	indicatingevidenceofalong	NOUN
gujaf-425	178	24	-	-	PUNCT
gujaf-425	178	25	runrelationship.however	runrelationship.however	NOUN
gujaf-425	178	26	,	,	PUNCT
gujaf-425	178	27	ifthe	ifthe	PROPN
gujaf-425	178	28	f	f	NOUN
gujaf-425	178	29	-	-	PUNCT
gujaf-425	178	30	statistic	statistic	NOUN
gujaf-425	178	31	is	be	AUX
gujaf-425	178	32	below	below	ADP
gujaf-425	178	33	the	the	DET
gujaf-425	178	34	lower	lower	ADV
gujaf-425	178	35	bound	bind	VERB
gujaf-425	178	36	i(0	i(0	PROPN
gujaf-425	178	37	)	)	PUNCT
gujaf-425	178	38	,	,	PUNCT
gujaf-425	178	39	the	the	DET
gujaf-425	178	40	null	null	ADJ
gujaf-425	178	41	hypothesis	hypothesis	NOUN
gujaf-425	178	42	can	can	AUX
gujaf-425	178	43	not	not	PART
gujaf-425	178	44	be	be	AUX
gujaf-425	178	45	rejected	reject	VERB
gujaf-425	178	46	,	,	PUNCT
gujaf-425	178	47	implying	imply	VERB
gujaf-425	178	48	the	the	DET
gujaf-425	178	49	absence	absence	NOUN
gujaf-425	178	50	of	of	ADP
gujaf-425	178	51	a	a	DET
gujaf-425	178	52	longrun	longrun	NOUN
gujaf-425	178	53	relationship	relationship	NOUN
gujaf-425	178	54	.	.	PUNCT
gujaf-425	179	1	testofhypotheses	testofhypothese	NOUN
gujaf-425	179	2	table5	table5	X
gujaf-425	179	3	:	:	PUNCT
gujaf-425	179	4	ardlboundstestresult	ardlboundstestresult	PROPN
gujaf-425	179	5	nullhypothesis	nullhypothesis	NOUN
gujaf-425	179	6	:	:	PUNCT
gujaf-425	179	7	nolong	nolong	ADJ
gujaf-425	179	8	-	-	PUNCT
gujaf-425	179	9	run	run	NOUN
gujaf-425	179	10	relationshipsexist	relationshipsexist	NOUN
gujaf-425	179	11	teststatistic	teststatistic	NOUN
gujaf-425	179	12	value	value	NOUN
gujaf-425	180	1	k	k	PROPN
gujaf-425	180	2	f	f	X
gujaf-425	180	3	-	-	PUNCT
gujaf-425	180	4	statistic	statistic	ADJ
gujaf-425	180	5	20.82227	20.82227	NUM
gujaf-425	180	6	6	6	NUM
gujaf-425	180	7	significance	significance	NOUN
gujaf-425	180	8	i(0)bound	i(0)bound	PROPN
gujaf-425	181	1	i(1)bound	i(1)bound	ADV
gujaf-425	181	2	5	5	NUM
gujaf-425	181	3	%	%	NOUN
gujaf-425	181	4	2.45	2.45	NUM
gujaf-425	181	5	3.61	3.61	NUM
gujaf-425	181	6	source	source	NOUN
gujaf-425	181	7	:	:	PUNCT
gujaf-425	181	8	authors	author	NOUN
gujaf-425	181	9	compilation	compilation	NOUN
gujaf-425	181	10	,	,	PUNCT
gujaf-425	181	11	2024	2024	NUM
gujaf-425	181	12	.	.	PUNCT
gujaf-425	182	1	in	in	ADP
gujaf-425	182	2	table	table	NOUN
gujaf-425	182	3	3	3	NUM
gujaf-425	182	4	,	,	PUNCT
gujaf-425	182	5	the	the	DET
gujaf-425	182	6	f	f	NOUN
gujaf-425	182	7	-	-	PUNCT
gujaf-425	182	8	statistic	statistic	ADJ
gujaf-425	182	9	value	value	NOUN
gujaf-425	182	10	of20.82227exceedsboththelowerboundi(0)valueof2.45and	of20.82227exceedsboththelowerboundi(0)valueof2.45and	CCONJ
gujaf-425	182	11	the	the	DET
gujaf-425	182	12	upper	upper	ADJ
gujaf-425	182	13	bound	bind	VERB
gujaf-425	182	14	i(1	i(1	PROPN
gujaf-425	182	15	)	)	PUNCT
gujaf-425	182	16	value	value	NOUN
gujaf-425	182	17	of	of	ADP
gujaf-425	182	18	3.61	3.61	NUM
gujaf-425	182	19	at	at	ADP
gujaf-425	182	20	the	the	DET
gujaf-425	182	21	5	5	NUM
gujaf-425	182	22	%	%	NOUN
gujaf-425	182	23	significance	significance	NOUN
gujaf-425	182	24	level	level	NOUN
gujaf-425	182	25	.	.	PUNCT
gujaf-425	183	1	consequently	consequently	ADV
gujaf-425	183	2	,	,	PUNCT
gujaf-425	183	3	the	the	DET
gujaf-425	183	4	nullhypothesis	nullhypothesis	NOUN
gujaf-425	183	5	is	be	AUX
gujaf-425	183	6	rejected	reject	VERB
gujaf-425	183	7	,	,	PUNCT
gujaf-425	183	8	gusau	gusau	ADJ
gujaf-425	183	9	journal	journal	NOUN
gujaf-425	183	10	of	of	ADP
gujaf-425	183	11	accounting	accounting	NOUN
gujaf-425	183	12	and	and	CCONJ
gujaf-425	183	13	finance	finance	NOUN
gujaf-425	183	14	,	,	PUNCT
gujaf-425	183	15	vol.6	vol.6	PROPN
gujaf-425	183	16	,	,	PUNCT
gujaf-425	183	17	issue	issue	NOUN
gujaf-425	183	18	2	2	NUM
gujaf-425	183	19	,	,	PUNCT
gujaf-425	183	20	april	april	PROPN
gujaf-425	183	21	,	,	PUNCT
gujaf-425	183	22	2025	2025	NUM
gujaf-425	183	23	219	219	NUM
gujaf-425	183	24	confirming	confirm	VERB
gujaf-425	183	25	the	the	DET
gujaf-425	183	26	presence	presence	NOUN
gujaf-425	183	27	of	of	ADP
gujaf-425	183	28	a	a	DET
gujaf-425	183	29	long	long	ADV
gujaf-425	183	30	-	-	PUNCT
gujaf-425	183	31	run	run	NOUN
gujaf-425	183	32	relationship	relationship	NOUN
gujaf-425	183	33	among	among	ADP
gujaf-425	183	34	the	the	DET
gujaf-425	183	35	variables	variable	NOUN
gujaf-425	183	36	,	,	PUNCT
gujaf-425	183	37	regardless	regardless	ADV
gujaf-425	183	38	of	of	ADP
gujaf-425	183	39	whether	whether	SCONJ
gujaf-425	183	40	they	they	PRON
gujaf-425	183	41	are	be	AUX
gujaf-425	183	42	stationary	stationary	ADJ
gujaf-425	183	43	at	at	ADP
gujaf-425	183	44	level	level	NOUN
gujaf-425	183	45	or	or	CCONJ
gujaf-425	183	46	at	at	ADP
gujaf-425	183	47	first	first	ADJ
gujaf-425	183	48	difference	difference	NOUN
gujaf-425	183	49	.	.	PUNCT
gujaf-425	184	1	given	give	VERB
gujaf-425	184	2	this	this	DET
gujaf-425	184	3	outcome	outcome	NOUN
gujaf-425	184	4	,	,	PUNCT
gujaf-425	184	5	the	the	DET
gujaf-425	184	6	next	next	ADJ
gujaf-425	184	7	step	step	NOUN
gujaf-425	184	8	involves	involve	VERB
gujaf-425	184	9	estimating	estimate	VERB
gujaf-425	184	10	the	the	DET
gujaf-425	184	11	ardl	ardl	NOUN
gujaf-425	184	12	cointegrating	cointegrate	VERB
gujaf-425	184	13	and	and	CCONJ
gujaf-425	184	14	long	long	ADV
gujaf-425	184	15	-	-	PUNCT
gujaf-425	184	16	run	run	NOUN
gujaf-425	184	17	form	form	NOUN
gujaf-425	184	18	,	,	PUNCT
gujaf-425	184	19	which	which	PRON
gujaf-425	184	20	includes	include	VERB
gujaf-425	184	21	the	the	DET
gujaf-425	184	22	error	error	NOUN
gujaf-425	184	23	correction	correction	NOUN
gujaf-425	184	24	model	model	NOUN
gujaf-425	184	25	(	(	PUNCT
gujaf-425	184	26	ecm	ecm	PROPN
gujaf-425	184	27	)	)	PUNCT
gujaf-425	184	28	.	.	PUNCT
gujaf-425	185	1	this	this	DET
gujaf-425	185	2	approach	approach	NOUN
gujaf-425	185	3	will	will	AUX
gujaf-425	185	4	help	help	VERB
gujaf-425	185	5	determine	determine	VERB
gujaf-425	185	6	both	both	CCONJ
gujaf-425	185	7	the	the	DET
gujaf-425	185	8	short	short	ADJ
gujaf-425	185	9	-	-	PUNCT
gujaf-425	185	10	run	run	NOUN
gujaf-425	185	11	dynamics	dynamic	NOUN
gujaf-425	185	12	and	and	CCONJ
gujaf-425	185	13	the	the	DET
gujaf-425	185	14	long	long	ADV
gujaf-425	185	15	-	-	PUNCT
gujaf-425	185	16	run	run	VERB
gujaf-425	185	17	equilibrium	equilibrium	NOUN
gujaf-425	185	18	relationships	relationship	NOUN
gujaf-425	185	19	within	within	ADP
gujaf-425	185	20	the	the	DET
gujaf-425	185	21	model	model	NOUN
gujaf-425	185	22	.	.	PUNCT
gujaf-425	186	1	regressionanalysis	regressionanalysis	VERB
gujaf-425	186	2	the	the	DET
gujaf-425	186	3	regression	regression	NOUN
gujaf-425	186	4	analysis	analysis	NOUN
gujaf-425	186	5	in	in	ADP
gujaf-425	186	6	this	this	DET
gujaf-425	186	7	study	study	NOUN
gujaf-425	186	8	employs	employ	VERB
gujaf-425	186	9	the	the	DET
gujaf-425	186	10	autoregressive	autoregressive	ADJ
gujaf-425	186	11	distributed	distribute	VERB
gujaf-425	186	12	lag	lag	NOUN
gujaf-425	186	13	(	(	PUNCT
gujaf-425	186	14	ardl	ardl	NOUN
gujaf-425	186	15	)	)	PUNCT
gujaf-425	186	16	method	method	NOUN
gujaf-425	186	17	to	to	PART
gujaf-425	186	18	assess	assess	VERB
gujaf-425	186	19	the	the	DET
gujaf-425	186	20	impact	impact	NOUN
gujaf-425	186	21	of	of	ADP
gujaf-425	186	22	the	the	DET
gujaf-425	186	23	independent	independent	ADJ
gujaf-425	186	24	variables	variable	NOUN
gujaf-425	186	25	(	(	PUNCT
gujaf-425	186	26	microfinance	microfinance	NOUN
gujaf-425	186	27	savings	saving	NOUN
gujaf-425	186	28	,	,	PUNCT
gujaf-425	186	29	microfinance	microfinance	NOUN
gujaf-425	186	30	lending	lending	NOUN
gujaf-425	186	31	,	,	PUNCT
gujaf-425	186	32	microfinance	microfinance	NOUN
gujaf-425	186	33	investment	investment	NOUN
gujaf-425	186	34	,	,	PUNCT
gujaf-425	186	35	exchange	exchange	NOUN
gujaf-425	186	36	rate	rate	NOUN
gujaf-425	186	37	,	,	PUNCT
gujaf-425	186	38	inflation	inflation	NOUN
gujaf-425	186	39	rate	rate	NOUN
gujaf-425	186	40	,	,	PUNCT
gujaf-425	186	41	and	and	CCONJ
gujaf-425	186	42	government	government	NOUN
gujaf-425	186	43	expenditure	expenditure	NOUN
gujaf-425	186	44	)	)	PUNCT
gujaf-425	186	45	on	on	ADP
gujaf-425	186	46	the	the	DET
gujaf-425	186	47	dependent	dependent	ADJ
gujaf-425	186	48	variable	variable	NOUN
gujaf-425	186	49	(	(	PUNCT
gujaf-425	186	50	gdp	gdp	NOUN
gujaf-425	186	51	)	)	PUNCT
gujaf-425	186	52	in	in	ADP
gujaf-425	186	53	both	both	CCONJ
gujaf-425	186	54	the	the	DET
gujaf-425	186	55	short	short	ADJ
gujaf-425	186	56	and	and	CCONJ
gujaf-425	186	57	long	long	ADJ
gujaf-425	186	58	run	run	NOUN
gujaf-425	186	59	.	.	PUNCT
gujaf-425	187	1	table6	table6	NOUN
gujaf-425	187	2	:	:	PUNCT
gujaf-425	187	3	ardlcointegratingand	ardlcointegratingand	PROPN
gujaf-425	187	4	longrunform	longrunform	VERB
gujaf-425	187	5	dependent	dependent	ADJ
gujaf-425	187	6	variable	variable	NOUN
gujaf-425	187	7	:	:	PUNCT
gujaf-425	187	8	gdp	gdp	NOUN
gujaf-425	187	9	variable	variable	ADJ
gujaf-425	187	10	coefficient	coefficient	NOUN
gujaf-425	187	11	std	std	PROPN
gujaf-425	187	12	.	.	NOUN
gujaf-425	187	13	error	error	NOUN
gujaf-425	187	14	t	t	NOUN
gujaf-425	187	15	-	-	PUNCT
gujaf-425	187	16	statistic	statistic	NOUN
gujaf-425	187	17	prob	prob	NOUN
gujaf-425	187	18	.	.	PUNCT
gujaf-425	187	19	d(mfsav	d(mfsav	PROPN
gujaf-425	187	20	)	)	PUNCT
gujaf-425	188	1	-0.236809	-0.236809	PROPN
gujaf-425	189	1	0.314005	0.314005	NUM
gujaf-425	189	2	-0.754157	-0.754157	NOUN
gujaf-425	189	3	0.4595	0.4595	NUM
gujaf-425	189	4	d(mfl	d(mfl	NOUN
gujaf-425	189	5	)	)	PUNCT
gujaf-425	189	6	-37.339598	-37.339598	PUNCT
gujaf-425	189	7	28.381629	28.381629	NUM
gujaf-425	189	8	-1.315626	-1.315626	NOUN
gujaf-425	189	9	0.2032	0.2032	NUM
gujaf-425	189	10	d(mfinv	d(mfinv	ADJ
gujaf-425	189	11	)	)	PUNCT
gujaf-425	189	12	57.158481	57.158481	NUM
gujaf-425	189	13	42.508035	42.508035	NUM
gujaf-425	189	14	1.344651	1.344651	NUM
gujaf-425	189	15	0.1938	0.1938	NUM
gujaf-425	189	16	d(exr	d(exr	PROPN
gujaf-425	189	17	)	)	PUNCT
gujaf-425	189	18	-51.807922	-51.807922	PUNCT
gujaf-425	189	19	18.874190	18.874190	NUM
gujaf-425	189	20	-2.744908	-2.744908	PROPN
gujaf-425	189	21	0.0125	0.0125	NUM
gujaf-425	189	22	d(inf	d(inf	PROPN
gujaf-425	189	23	)	)	PUNCT
gujaf-425	189	24	-7.142416	-7.142416	NOUN
gujaf-425	189	25	26.357314	26.357314	NUM
gujaf-425	189	26	-0.270984	-0.270984	NOUN
gujaf-425	189	27	0.7892	0.7892	NUM
gujaf-425	189	28	d(gex	d(gex	PROPN
gujaf-425	189	29	)	)	PUNCT
gujaf-425	189	30	2.216425	2.216425	NUM
gujaf-425	189	31	0.834527	0.834527	NUM
gujaf-425	189	32	2.655905	2.655905	NUM
gujaf-425	189	33	0.0152	0.0152	NUM
gujaf-425	189	34	cointeq(-1	cointeq(-1	NOUN
gujaf-425	189	35	)	)	PUNCT
gujaf-425	189	36	-0.229748	-0.229748	VERB
gujaf-425	189	37	0.056795	0.056795	NUM
gujaf-425	189	38	-4.045218	-4.045218	NOUN
gujaf-425	189	39	0.0006	0.0006	NUM
gujaf-425	189	40	cointeq	cointeq	NOUN
gujaf-425	189	41	=	=	SYM
gujaf-425	189	42	gdp	gdp	NOUN
gujaf-425	189	43	(	(	PUNCT
gujaf-425	189	44	5.5726*mfsav	5.5726*mfsav	NUM
gujaf-425	189	45	-162.5240*mfl	-162.5240*mfl	INTJ
gujaf-425	190	1	+	+	X
gujaf-425	190	2	248.7875*mfinv	248.7875*mfinv	ADJ
gujaf-425	191	1	+	+	PUNCT
gujaf-425	191	2	97.2722*exr	97.2722*exr	NUM
gujaf-425	191	3	-31.0880*inf	-31.0880*inf	NUM
gujaf-425	191	4	+	+	NUM
gujaf-425	191	5	9.6472*gex	9.6472*gex	NUM
gujaf-425	191	6	+	+	CCONJ
gujaf-425	191	7	2394.1890	2394.1890	X
gujaf-425	191	8	)	)	PUNCT
gujaf-425	191	9	long	long	ADJ
gujaf-425	191	10	run	run	NOUN
gujaf-425	191	11	coefficients	coefficient	NOUN
gujaf-425	191	12	mfsav	mfsav	VERB
gujaf-425	191	13	5.572567	5.572567	NUM
gujaf-425	191	14	1.200747	1.200747	NUM
gujaf-425	191	15	4.640918	4.640918	NUM
gujaf-425	191	16	0.0002	0.0002	NUM
gujaf-425	191	17	mfl	mfl	NOUN
gujaf-425	191	18	-162.524034	-162.524034	PROPN
gujaf-425	192	1	111.442796	111.442796	NUM
gujaf-425	192	2	-1.458363	-1.458363	NOUN
gujaf-425	192	3	0.1603	0.1603	NUM
gujaf-425	192	4	mfinv	mfinv	ADJ
gujaf-425	192	5	248.787547	248.787547	NUM
gujaf-425	192	6	184.965032	184.965032	NUM
gujaf-425	192	7	1.345052	1.345052	NUM
gujaf-425	192	8	0.1937	0.1937	NUM
gujaf-425	192	9	exr	exr	X
gujaf-425	192	10	97.272231	97.272231	NUM
gujaf-425	192	11	56.310342	56.310342	NUM
gujaf-425	192	12	1.727431	1.727431	NUM
gujaf-425	192	13	0.0995	0.0995	NUM
gujaf-425	192	14	inf	inf	PROPN
gujaf-425	192	15	-31.088024	-31.088024	NUM
gujaf-425	192	16	113.550475	113.550475	NUM
gujaf-425	192	17	-0.273782	-0.273782	X
gujaf-425	192	18	0.7871	0.7871	NUM
gujaf-425	192	19	gex	gex	NOUN
gujaf-425	192	20	9.647192	9.647192	NUM
gujaf-425	192	21	3.665606	3.665606	NUM
gujaf-425	192	22	2.631814	2.631814	NUM
gujaf-425	192	23	0.0160	0.0160	NUM
gujaf-425	192	24	gusau	gusau	ADJ
gujaf-425	192	25	journal	journal	NOUN
gujaf-425	192	26	of	of	ADP
gujaf-425	192	27	accounting	accounting	NOUN
gujaf-425	192	28	and	and	CCONJ
gujaf-425	192	29	finance	finance	NOUN
gujaf-425	192	30	,	,	PUNCT
gujaf-425	192	31	vol.6	vol.6	PROPN
gujaf-425	192	32	,	,	PUNCT
gujaf-425	192	33	issue	issue	NOUN
gujaf-425	192	34	2	2	NUM
gujaf-425	192	35	,	,	PUNCT
gujaf-425	192	36	april	april	PROPN
gujaf-425	192	37	,	,	PUNCT
gujaf-425	192	38	2025	2025	NUM
gujaf-425	192	39	220	220	NUM
gujaf-425	192	40	c	c	NOUN
gujaf-425	192	41	2394.189017	2394.189017	NUM
gujaf-425	193	1	5149.266713	5149.266713	NUM
gujaf-425	193	2	0.464957	0.464957	NUM
gujaf-425	193	3	0.6470	0.6470	NUM
gujaf-425	193	4	r	r	X
gujaf-425	193	5	-	-	PUNCT
gujaf-425	193	6	squared	square	VERB
gujaf-425	193	7	=	=	PUNCT
gujaf-425	193	8	0.999513	0.999513	NUM
gujaf-425	193	9	f	f	X
gujaf-425	193	10	-	-	PUNCT
gujaf-425	193	11	statistic	statistic	NOUN
gujaf-425	193	12	=	=	SYM
gujaf-425	193	13	4562.845	4562.845	NUM
gujaf-425	193	14	prob(f	prob(f	NOUN
gujaf-425	193	15	-	-	PUNCT
gujaf-425	193	16	statistic	statistic	NOUN
gujaf-425	193	17	)	)	PUNCT
gujaf-425	194	1	=	=	SYM
gujaf-425	194	2	0.000000	0.000000	NUM
gujaf-425	194	3	durbin	durbin	ADJ
gujaf-425	194	4	-	-	PUNCT
gujaf-425	194	5	watson	watson	NOUN
gujaf-425	194	6	stat	stat	NOUN
gujaf-425	194	7	=	=	SYM
gujaf-425	194	8	2.605173	2.605173	NUM
gujaf-425	194	9	source	source	NOUN
gujaf-425	194	10	:	:	PUNCT
gujaf-425	194	11	authors	author	NOUN
gujaf-425	194	12	compilation	compilation	NOUN
gujaf-425	194	13	,	,	PUNCT
gujaf-425	194	14	2024	2024	NUM
gujaf-425	194	15	.	.	PUNCT
gujaf-425	195	1	interpretation	interpretation	NOUN
gujaf-425	195	2	of	of	ADP
gujaf-425	195	3	results	result	NOUN
gujaf-425	195	4	and	and	CCONJ
gujaf-425	195	5	discussion	discussion	NOUN
gujaf-425	195	6	of	of	ADP
gujaf-425	195	7	findings	finding	NOUN
gujaf-425	195	8	short	short	ADJ
gujaf-425	195	9	-	-	PUNCT
gujaf-425	195	10	run	run	NOUN
gujaf-425	195	11	dynamics	dynamic	NOUN
gujaf-425	195	12	table	table	NOUN
gujaf-425	195	13	5	5	NUM
gujaf-425	195	14	presents	present	VERB
gujaf-425	195	15	the	the	DET
gujaf-425	195	16	short	short	ADJ
gujaf-425	195	17	-	-	PUNCT
gujaf-425	195	18	run	run	NOUN
gujaf-425	195	19	estimates	estimate	NOUN
gujaf-425	195	20	of	of	ADP
gujaf-425	195	21	the	the	DET
gujaf-425	195	22	ardl	ardl	NOUN
gujaf-425	195	23	model	model	NOUN
gujaf-425	195	24	.	.	PUNCT
gujaf-425	196	1	the	the	DET
gujaf-425	196	2	results	result	NOUN
gujaf-425	196	3	reveal	reveal	VERB
gujaf-425	196	4	that	that	SCONJ
gujaf-425	196	5	gross	gross	ADJ
gujaf-425	196	6	domestic	domestic	ADJ
gujaf-425	196	7	product	product	NOUN
gujaf-425	196	8	(	(	PUNCT
gujaf-425	196	9	gdp	gdp	NOUN
gujaf-425	196	10	)	)	PUNCT
gujaf-425	196	11	is	be	AUX
gujaf-425	196	12	positively	positively	ADV
gujaf-425	196	13	related	relate	VERB
gujaf-425	196	14	to	to	ADP
gujaf-425	196	15	microfinance	microfinance	NOUN
gujaf-425	196	16	investment	investment	NOUN
gujaf-425	196	17	(	(	PUNCT
gujaf-425	196	18	mfinv	mfinv	ADJ
gujaf-425	196	19	)	)	PUNCT
gujaf-425	196	20	and	and	CCONJ
gujaf-425	196	21	government	government	NOUN
gujaf-425	196	22	expenditure	expenditure	NOUN
gujaf-425	196	23	(	(	PUNCT
gujaf-425	196	24	gex	gex	PROPN
gujaf-425	196	25	)	)	PUNCT
gujaf-425	196	26	,	,	PUNCT
gujaf-425	196	27	with	with	ADP
gujaf-425	196	28	coefficients	coefficient	NOUN
gujaf-425	196	29	of	of	ADP
gujaf-425	196	30	57.158	57.158	NUM
gujaf-425	196	31	and	and	CCONJ
gujaf-425	196	32	2.216	2.216	NUM
gujaf-425	196	33	,	,	PUNCT
gujaf-425	196	34	respectively	respectively	ADV
gujaf-425	196	35	.	.	PUNCT
gujaf-425	197	1	this	this	PRON
gujaf-425	197	2	implies	imply	VERB
gujaf-425	197	3	that	that	SCONJ
gujaf-425	197	4	a	a	DET
gujaf-425	197	5	one	one	NUM
gujaf-425	197	6	-	-	PUNCT
gujaf-425	197	7	unit	unit	NOUN
gujaf-425	197	8	increase	increase	NOUN
gujaf-425	197	9	in	in	ADP
gujaf-425	197	10	mfinv	mfinv	NOUN
gujaf-425	197	11	and	and	CCONJ
gujaf-425	197	12	gex	gex	PROPN
gujaf-425	197	13	is	be	AUX
gujaf-425	197	14	associated	associate	VERB
gujaf-425	197	15	with	with	ADP
gujaf-425	197	16	a	a	DET
gujaf-425	197	17	57.16	57.16	NUM
gujaf-425	197	18	and	and	CCONJ
gujaf-425	197	19	2.22	2.22	NUM
gujaf-425	197	20	unit	unit	NOUN
gujaf-425	197	21	rise	rise	NOUN
gujaf-425	197	22	in	in	ADP
gujaf-425	197	23	gdp	gdp	NOUN
gujaf-425	197	24	.	.	PUNCT
gujaf-425	198	1	conversely	conversely	ADV
gujaf-425	198	2	,	,	PUNCT
gujaf-425	198	3	gdp	gdp	NOUN
gujaf-425	198	4	exhibits	exhibit	VERB
gujaf-425	198	5	a	a	DET
gujaf-425	198	6	negative	negative	ADJ
gujaf-425	198	7	relationship	relationship	NOUN
gujaf-425	198	8	with	with	ADP
gujaf-425	198	9	microfinance	microfinance	NOUN
gujaf-425	198	10	savings	saving	NOUN
gujaf-425	198	11	(	(	PUNCT
gujaf-425	198	12	mfsav	mfsav	NOUN
gujaf-425	198	13	)	)	PUNCT
gujaf-425	198	14	(	(	PUNCT
gujaf-425	198	15	-0.237	-0.237	PUNCT
gujaf-425	198	16	)	)	PUNCT
gujaf-425	198	17	,	,	PUNCT
gujaf-425	198	18	microfinance	microfinance	NOUN
gujaf-425	198	19	lending	lending	NOUN
gujaf-425	198	20	(	(	PUNCT
gujaf-425	198	21	mfl	mfl	PROPN
gujaf-425	198	22	)	)	PUNCT
gujaf-425	198	23	(	(	PUNCT
gujaf-425	198	24	-37.340	-37.340	NUM
gujaf-425	198	25	)	)	PUNCT
gujaf-425	198	26	,	,	PUNCT
gujaf-425	198	27	exchange	exchange	NOUN
gujaf-425	198	28	rate	rate	NOUN
gujaf-425	198	29	(	(	PUNCT
gujaf-425	198	30	exc	exc	NOUN
gujaf-425	198	31	)	)	PUNCT
gujaf-425	198	32	(	(	PUNCT
gujaf-425	198	33	-51.808	-51.808	PROPN
gujaf-425	198	34	)	)	PUNCT
gujaf-425	198	35	,	,	PUNCT
gujaf-425	198	36	and	and	CCONJ
gujaf-425	198	37	inflation	inflation	NOUN
gujaf-425	198	38	rate	rate	NOUN
gujaf-425	198	39	(	(	PUNCT
gujaf-425	198	40	inf	inf	NOUN
gujaf-425	198	41	)	)	PUNCT
gujaf-425	198	42	(	(	PUNCT
gujaf-425	198	43	-7.142	-7.142	NUM
gujaf-425	198	44	)	)	PUNCT
gujaf-425	198	45	.	.	PUNCT
gujaf-425	199	1	this	this	PRON
gujaf-425	199	2	suggests	suggest	VERB
gujaf-425	199	3	that	that	SCONJ
gujaf-425	199	4	a	a	DET
gujaf-425	199	5	one	one	NUM
gujaf-425	199	6	-	-	PUNCT
gujaf-425	199	7	unit	unit	NOUN
gujaf-425	199	8	increase	increase	NOUN
gujaf-425	199	9	in	in	ADP
gujaf-425	199	10	any	any	PRON
gujaf-425	199	11	of	of	ADP
gujaf-425	199	12	these	these	DET
gujaf-425	199	13	variables	variable	NOUN
gujaf-425	199	14	is	be	AUX
gujaf-425	199	15	expected	expect	VERB
gujaf-425	199	16	to	to	PART
gujaf-425	199	17	reduce	reduce	VERB
gujaf-425	199	18	gdp	gdp	NOUN
gujaf-425	199	19	by	by	ADP
gujaf-425	199	20	the	the	DET
gujaf-425	199	21	corresponding	corresponding	ADJ
gujaf-425	199	22	amount	amount	NOUN
gujaf-425	199	23	.	.	PUNCT
gujaf-425	200	1	however	however	ADV
gujaf-425	200	2	,	,	PUNCT
gujaf-425	200	3	statistical	statistical	ADJ
gujaf-425	200	4	significance	significance	NOUN
gujaf-425	200	5	is	be	AUX
gujaf-425	200	6	only	only	ADV
gujaf-425	200	7	observed	observe	VERB
gujaf-425	200	8	for	for	ADP
gujaf-425	200	9	exchange	exchange	NOUN
gujaf-425	200	10	rate	rate	NOUN
gujaf-425	200	11	and	and	CCONJ
gujaf-425	200	12	government	government	NOUN
gujaf-425	200	13	expenditure	expenditure	NOUN
gujaf-425	200	14	,	,	PUNCT
gujaf-425	200	15	both	both	CCONJ
gujaf-425	200	16	with	with	ADP
gujaf-425	200	17	p	p	NOUN
gujaf-425	200	18	-	-	PUNCT
gujaf-425	200	19	values	value	NOUN
gujaf-425	200	20	below	below	ADP
gujaf-425	200	21	the	the	DET
gujaf-425	200	22	5	5	NUM
gujaf-425	200	23	%	%	NOUN
gujaf-425	200	24	threshold	threshold	NOUN
gujaf-425	200	25	.	.	PUNCT
gujaf-425	201	1	all	all	DET
gujaf-425	201	2	other	other	ADJ
gujaf-425	201	3	variables	variable	NOUN
gujaf-425	201	4	,	,	PUNCT
gujaf-425	201	5	including	include	VERB
gujaf-425	201	6	mfsav	mfsav	NOUN
gujaf-425	201	7	,	,	PUNCT
gujaf-425	201	8	mfl	mfl	PROPN
gujaf-425	201	9	,	,	PUNCT
gujaf-425	201	10	and	and	CCONJ
gujaf-425	201	11	mfinv	mfinv	ADJ
gujaf-425	201	12	,	,	PUNCT
gujaf-425	201	13	are	be	AUX
gujaf-425	201	14	statistically	statistically	ADV
gujaf-425	201	15	insignificant	insignificant	ADJ
gujaf-425	201	16	in	in	ADP
gujaf-425	201	17	the	the	DET
gujaf-425	201	18	short	short	ADJ
gujaf-425	201	19	run	run	NOUN
gujaf-425	201	20	.	.	PUNCT
gujaf-425	202	1	accordingly	accordingly	ADV
gujaf-425	202	2	,	,	PUNCT
gujaf-425	202	3	the	the	DET
gujaf-425	202	4	study	study	NOUN
gujaf-425	202	5	fails	fail	VERB
gujaf-425	202	6	to	to	PART
gujaf-425	202	7	reject	reject	VERB
gujaf-425	202	8	the	the	DET
gujaf-425	202	9	null	null	ADJ
gujaf-425	202	10	hypotheses	hypothesis	NOUN
gujaf-425	202	11	h₀₁	h₀₁	ADJ
gujaf-425	202	12	,	,	PUNCT
gujaf-425	202	13	h₀₂	h₀₂	NOUN
gujaf-425	202	14	,	,	PUNCT
gujaf-425	202	15	and	and	CCONJ
gujaf-425	202	16	h₀₃	h₀₃	NOUN
gujaf-425	202	17	,	,	PUNCT
gujaf-425	202	18	which	which	PRON
gujaf-425	202	19	posit	posit	VERB
gujaf-425	202	20	that	that	SCONJ
gujaf-425	202	21	micro	micro	NOUN
gujaf-425	202	22	-	-	NOUN
gujaf-425	202	23	savings	saving	NOUN
gujaf-425	202	24	,	,	PUNCT
gujaf-425	202	25	micro	micro	NOUN
gujaf-425	202	26	-	-	NOUN
gujaf-425	202	27	lending	lending	ADJ
gujaf-425	202	28	,	,	PUNCT
gujaf-425	202	29	and	and	CCONJ
gujaf-425	202	30	micro	micro	NOUN
gujaf-425	202	31	-	-	NOUN
gujaf-425	202	32	investment	investment	NOUN
gujaf-425	202	33	have	have	VERB
gujaf-425	202	34	no	no	DET
gujaf-425	202	35	significant	significant	ADJ
gujaf-425	202	36	short	short	ADJ
gujaf-425	202	37	-	-	PUNCT
gujaf-425	202	38	term	term	NOUN
gujaf-425	202	39	effect	effect	NOUN
gujaf-425	202	40	on	on	ADP
gujaf-425	202	41	nigeria	nigeria	PROPN
gujaf-425	202	42	’s	’s	PART
gujaf-425	202	43	economic	economic	ADJ
gujaf-425	202	44	growth	growth	NOUN
gujaf-425	202	45	.	.	PUNCT
gujaf-425	203	1	long	long	ADV
gujaf-425	203	2	-	-	PUNCT
gujaf-425	203	3	run	run	VERB
gujaf-425	203	4	estimates	estimate	NOUN
gujaf-425	203	5	in	in	ADP
gujaf-425	203	6	the	the	DET
gujaf-425	203	7	long	long	ADJ
gujaf-425	203	8	-	-	PUNCT
gujaf-425	203	9	run	run	NOUN
gujaf-425	203	10	estimates	estimate	NOUN
gujaf-425	204	1	,	,	PUNCT
gujaf-425	204	2	gdp	gdp	NOUN
gujaf-425	204	3	demonstrates	demonstrate	VERB
gujaf-425	204	4	positive	positive	ADJ
gujaf-425	204	5	relationships	relationship	NOUN
gujaf-425	204	6	with	with	ADP
gujaf-425	204	7	mfsav	mfsav	NOUN
gujaf-425	204	8	(	(	PUNCT
gujaf-425	204	9	5.573	5.573	NUM
gujaf-425	204	10	)	)	PUNCT
gujaf-425	204	11	,	,	PUNCT
gujaf-425	204	12	mfinv	mfinv	INTJ
gujaf-425	204	13	(	(	PUNCT
gujaf-425	204	14	248.788	248.788	NUM
gujaf-425	204	15	)	)	PUNCT
gujaf-425	204	16	,	,	PUNCT
gujaf-425	204	17	exc	exc	NOUN
gujaf-425	204	18	(	(	PUNCT
gujaf-425	204	19	97.272	97.272	NUM
gujaf-425	204	20	)	)	PUNCT
gujaf-425	204	21	,	,	PUNCT
gujaf-425	204	22	and	and	CCONJ
gujaf-425	204	23	gex	gex	PROPN
gujaf-425	204	24	(	(	PUNCT
gujaf-425	204	25	9.647	9.647	NUM
gujaf-425	204	26	)	)	PUNCT
gujaf-425	204	27	,	,	PUNCT
gujaf-425	204	28	suggesting	suggest	VERB
gujaf-425	204	29	substantial	substantial	ADJ
gujaf-425	204	30	long	long	ADJ
gujaf-425	204	31	-	-	PUNCT
gujaf-425	204	32	term	term	NOUN
gujaf-425	204	33	gains	gain	NOUN
gujaf-425	204	34	from	from	ADP
gujaf-425	204	35	increased	increase	VERB
gujaf-425	204	36	microfinance	microfinance	NOUN
gujaf-425	204	37	savings	saving	NOUN
gujaf-425	204	38	,	,	PUNCT
gujaf-425	204	39	investment	investment	NOUN
gujaf-425	204	40	,	,	PUNCT
gujaf-425	204	41	and	and	CCONJ
gujaf-425	204	42	government	government	NOUN
gujaf-425	204	43	expenditure	expenditure	NOUN
gujaf-425	204	44	.	.	PUNCT
gujaf-425	205	1	however	however	ADV
gujaf-425	205	2	,	,	PUNCT
gujaf-425	205	3	mfl	mfl	PROPN
gujaf-425	205	4	and	and	CCONJ
gujaf-425	205	5	inf	inf	PROPN
gujaf-425	205	6	continue	continue	VERB
gujaf-425	205	7	to	to	PART
gujaf-425	205	8	exert	exert	VERB
gujaf-425	205	9	negative	negative	ADJ
gujaf-425	205	10	effects	effect	NOUN
gujaf-425	205	11	on	on	ADP
gujaf-425	205	12	gdp	gdp	NOUN
gujaf-425	205	13	,	,	PUNCT
gujaf-425	205	14	with	with	ADP
gujaf-425	205	15	coefficients	coefficient	NOUN
gujaf-425	205	16	of	of	ADP
gujaf-425	205	17	-162.524	-162.524	NOUN
gujaf-425	205	18	and	and	CCONJ
gujaf-425	205	19	-31.088	-31.088	PROPN
gujaf-425	205	20	,	,	PUNCT
gujaf-425	205	21	respectively	respectively	ADV
gujaf-425	205	22	.	.	PUNCT
gujaf-425	206	1	of	of	ADP
gujaf-425	206	2	all	all	DET
gujaf-425	206	3	the	the	DET
gujaf-425	206	4	variables	variable	NOUN
gujaf-425	206	5	,	,	PUNCT
gujaf-425	206	6	only	only	ADV
gujaf-425	206	7	microfinance	microfinance	NOUN
gujaf-425	206	8	savings	saving	NOUN
gujaf-425	206	9	and	and	CCONJ
gujaf-425	206	10	government	government	NOUN
gujaf-425	206	11	expenditure	expenditure	NOUN
gujaf-425	206	12	are	be	AUX
gujaf-425	206	13	statistically	statistically	ADV
gujaf-425	206	14	significant	significant	ADJ
gujaf-425	206	15	in	in	ADP
gujaf-425	206	16	the	the	DET
gujaf-425	206	17	long	long	ADJ
gujaf-425	206	18	run	run	NOUN
gujaf-425	206	19	,	,	PUNCT
gujaf-425	206	20	with	with	ADP
gujaf-425	206	21	p	p	NOUN
gujaf-425	206	22	-	-	PUNCT
gujaf-425	206	23	values	value	NOUN
gujaf-425	206	24	below	below	ADP
gujaf-425	206	25	0.05	0.05	NUM
gujaf-425	206	26	.	.	PUNCT
gujaf-425	207	1	thus	thus	ADV
gujaf-425	207	2	,	,	PUNCT
gujaf-425	207	3	the	the	DET
gujaf-425	207	4	study	study	NOUN
gujaf-425	207	5	rejects	reject	VERB
gujaf-425	207	6	h₀₁	h₀₁	PROPN
gujaf-425	207	7	,	,	PUNCT
gujaf-425	207	8	confirming	confirm	VERB
gujaf-425	207	9	that	that	SCONJ
gujaf-425	207	10	micro	micro	NOUN
gujaf-425	207	11	-	-	NOUN
gujaf-425	207	12	savings	saving	NOUN
gujaf-425	207	13	significantly	significantly	ADV
gujaf-425	207	14	affect	affect	VERB
gujaf-425	207	15	long	long	ADV
gujaf-425	207	16	-	-	PUNCT
gujaf-425	207	17	run	run	VERB
gujaf-425	207	18	economic	economic	ADJ
gujaf-425	207	19	growth	growth	NOUN
gujaf-425	207	20	.	.	PUNCT
gujaf-425	208	1	meanwhile	meanwhile	ADV
gujaf-425	208	2	,	,	PUNCT
gujaf-425	208	3	h₀₂	h₀₂	NOUN
gujaf-425	208	4	and	and	CCONJ
gujaf-425	208	5	h₀₃	h₀₃	NOUN
gujaf-425	208	6	are	be	AUX
gujaf-425	208	7	not	not	PART
gujaf-425	208	8	rejected	reject	VERB
gujaf-425	208	9	,	,	PUNCT
gujaf-425	208	10	indicating	indicate	VERB
gujaf-425	208	11	that	that	SCONJ
gujaf-425	208	12	micro	micro	NOUN
gujaf-425	208	13	-	-	NOUN
gujaf-425	208	14	lending	lending	ADJ
gujaf-425	208	15	and	and	CCONJ
gujaf-425	208	16	micro	micro	NOUN
gujaf-425	208	17	-	-	NOUN
gujaf-425	208	18	investment	investment	NOUN
gujaf-425	208	19	do	do	AUX
gujaf-425	208	20	not	not	PART
gujaf-425	208	21	exert	exert	VERB
gujaf-425	208	22	a	a	DET
gujaf-425	208	23	statistically	statistically	ADV
gujaf-425	208	24	significant	significant	ADJ
gujaf-425	208	25	long	long	ADJ
gujaf-425	208	26	-	-	PUNCT
gujaf-425	208	27	term	term	NOUN
gujaf-425	208	28	influence	influence	NOUN
gujaf-425	208	29	on	on	ADP
gujaf-425	208	30	nigeria	nigeria	PROPN
gujaf-425	208	31	's	's	PART
gujaf-425	208	32	gdp	gdp	PROPN
gujaf-425	208	33	.	.	PROPN
gujaf-425	209	1	microfinance	microfinance	NOUN
gujaf-425	209	2	savings	saving	NOUN
gujaf-425	209	3	(	(	PUNCT
gujaf-425	209	4	mfsav	mfsav	NOUN
gujaf-425	209	5	)	)	PUNCT
gujaf-425	209	6	in	in	ADP
gujaf-425	209	7	the	the	DET
gujaf-425	209	8	short	short	ADJ
gujaf-425	209	9	run	run	NOUN
gujaf-425	209	10	,	,	PUNCT
gujaf-425	209	11	micro	micro	NOUN
gujaf-425	209	12	-	-	NOUN
gujaf-425	209	13	savings	saving	NOUN
gujaf-425	209	14	exert	exert	VERB
gujaf-425	209	15	a	a	DET
gujaf-425	209	16	negative	negative	ADJ
gujaf-425	209	17	and	and	CCONJ
gujaf-425	209	18	statistically	statistically	ADV
gujaf-425	209	19	insignificant	insignificant	ADJ
gujaf-425	209	20	influence	influence	NOUN
gujaf-425	209	21	on	on	ADP
gujaf-425	209	22	gdp	gdp	NOUN
gujaf-425	209	23	,	,	PUNCT
gujaf-425	209	24	possibly	possibly	ADV
gujaf-425	209	25	due	due	ADP
gujaf-425	209	26	to	to	ADP
gujaf-425	209	27	inefficiencies	inefficiency	NOUN
gujaf-425	209	28	in	in	ADP
gujaf-425	209	29	mobilizing	mobilize	VERB
gujaf-425	209	30	small	small	ADJ
gujaf-425	209	31	-	-	PUNCT
gujaf-425	209	32	scale	scale	NOUN
gujaf-425	209	33	savings	saving	NOUN
gujaf-425	209	34	for	for	ADP
gujaf-425	209	35	productive	productive	ADJ
gujaf-425	209	36	use	use	NOUN
gujaf-425	209	37	.	.	PUNCT
gujaf-425	210	1	however	however	ADV
gujaf-425	210	2	,	,	PUNCT
gujaf-425	210	3	the	the	DET
gujaf-425	210	4	long	long	ADV
gujaf-425	210	5	-	-	PUNCT
gujaf-425	210	6	run	run	NOUN
gujaf-425	210	7	impact	impact	NOUN
gujaf-425	210	8	is	be	AUX
gujaf-425	210	9	positive	positive	ADJ
gujaf-425	210	10	and	and	CCONJ
gujaf-425	210	11	significant	significant	ADJ
gujaf-425	210	12	,	,	PUNCT
gujaf-425	210	13	supporting	support	VERB
gujaf-425	210	14	findings	finding	NOUN
gujaf-425	210	15	by	by	ADP
gujaf-425	210	16	odeyale	odeyale	NOUN
gujaf-425	210	17	&	&	CCONJ
gujaf-425	210	18	ibrahim	ibrahim	PROPN
gujaf-425	210	19	(	(	PUNCT
gujaf-425	210	20	2024	2024	NUM
gujaf-425	210	21	)	)	PUNCT
gujaf-425	210	22	,	,	PUNCT
gujaf-425	210	23	who	who	PRON
gujaf-425	210	24	noted	note	VERB
gujaf-425	210	25	that	that	SCONJ
gujaf-425	210	26	microfinance	microfinance	NOUN
gujaf-425	210	27	indicators	indicator	NOUN
gujaf-425	210	28	are	be	AUX
gujaf-425	210	29	positively	positively	ADV
gujaf-425	210	30	associated	associate	VERB
gujaf-425	210	31	with	with	ADP
gujaf-425	210	32	gdp	gdp	PROPN
gujaf-425	210	33	.	.	PUNCT
gujaf-425	211	1	this	this	PRON
gujaf-425	211	2	contrasts	contrast	VERB
gujaf-425	211	3	with	with	ADP
gujaf-425	211	4	chukwujindum	chukwujindum	PROPN
gujaf-425	211	5	&	&	CCONJ
gujaf-425	211	6	kalu	kalu	PROPN
gujaf-425	211	7	(	(	PUNCT
gujaf-425	211	8	2023	2023	NUM
gujaf-425	211	9	)	)	PUNCT
gujaf-425	211	10	,	,	PUNCT
gujaf-425	211	11	who	who	PRON
gujaf-425	211	12	found	find	VERB
gujaf-425	211	13	a	a	DET
gujaf-425	211	14	significant	significant	ADJ
gujaf-425	211	15	short	short	ADJ
gujaf-425	211	16	-	-	PUNCT
gujaf-425	211	17	term	term	NOUN
gujaf-425	211	18	negative	negative	ADJ
gujaf-425	211	19	effect	effect	NOUN
gujaf-425	211	20	,	,	PUNCT
gujaf-425	211	21	suggesting	suggest	VERB
gujaf-425	211	22	structural	structural	ADJ
gujaf-425	211	23	issues	issue	NOUN
gujaf-425	211	24	in	in	ADP
gujaf-425	211	25	the	the	DET
gujaf-425	211	26	effective	effective	ADJ
gujaf-425	211	27	deployment	deployment	NOUN
gujaf-425	211	28	of	of	ADP
gujaf-425	211	29	mobilized	mobilize	VERB
gujaf-425	211	30	savings	saving	NOUN
gujaf-425	211	31	.	.	PUNCT
gujaf-425	212	1	the	the	DET
gujaf-425	212	2	positive	positive	ADJ
gujaf-425	212	3	and	and	CCONJ
gujaf-425	212	4	statistically	statistically	ADV
gujaf-425	212	5	significant	significant	ADJ
gujaf-425	212	6	long	long	ADJ
gujaf-425	212	7	-	-	PUNCT
gujaf-425	212	8	run	run	VERB
gujaf-425	212	9	effect	effect	NOUN
gujaf-425	212	10	of	of	ADP
gujaf-425	212	11	microfinance	microfinance	NOUN
gujaf-425	212	12	savings	saving	NOUN
gujaf-425	212	13	on	on	ADP
gujaf-425	212	14	gdp	gdp	NOUN
gujaf-425	212	15	aligns	align	VERB
gujaf-425	212	16	gusau	gusau	ADJ
gujaf-425	212	17	journal	journal	NOUN
gujaf-425	212	18	of	of	ADP
gujaf-425	212	19	accounting	accounting	NOUN
gujaf-425	212	20	and	and	CCONJ
gujaf-425	212	21	finance	finance	NOUN
gujaf-425	212	22	,	,	PUNCT
gujaf-425	212	23	vol.6	vol.6	PROPN
gujaf-425	212	24	,	,	PUNCT
gujaf-425	212	25	issue	issue	NOUN
gujaf-425	212	26	2	2	NUM
gujaf-425	212	27	,	,	PUNCT
gujaf-425	212	28	april	april	PROPN
gujaf-425	212	29	,	,	PUNCT
gujaf-425	212	30	2025	2025	NUM
gujaf-425	212	31	221	221	NUM
gujaf-425	212	32	strongly	strongly	ADV
gujaf-425	212	33	with	with	SCONJ
gujaf-425	212	34	the	the	DET
gujaf-425	212	35	financial	financial	ADJ
gujaf-425	212	36	intermediation	intermediation	NOUN
gujaf-425	212	37	theory	theory	NOUN
gujaf-425	212	38	’s	’s	PART
gujaf-425	212	39	assertion	assertion	NOUN
gujaf-425	212	40	that	that	SCONJ
gujaf-425	212	41	mobilized	mobilize	VERB
gujaf-425	212	42	savings	saving	NOUN
gujaf-425	212	43	can	can	AUX
gujaf-425	212	44	be	be	AUX
gujaf-425	212	45	efficiently	efficiently	ADV
gujaf-425	212	46	intermediated	intermediate	VERB
gujaf-425	212	47	into	into	ADP
gujaf-425	212	48	productive	productive	ADJ
gujaf-425	212	49	uses	use	NOUN
gujaf-425	212	50	.	.	PUNCT
gujaf-425	213	1	this	this	PRON
gujaf-425	213	2	supports	support	VERB
gujaf-425	213	3	the	the	DET
gujaf-425	213	4	notion	notion	NOUN
gujaf-425	213	5	that	that	SCONJ
gujaf-425	213	6	when	when	SCONJ
gujaf-425	213	7	mfis	mfi	VERB
gujaf-425	213	8	collect	collect	VERB
gujaf-425	213	9	savings	saving	NOUN
gujaf-425	213	10	from	from	ADP
gujaf-425	213	11	low	low	ADJ
gujaf-425	213	12	-	-	PUNCT
gujaf-425	213	13	income	income	NOUN
gujaf-425	213	14	earners	earner	NOUN
gujaf-425	213	15	,	,	PUNCT
gujaf-425	213	16	these	these	DET
gujaf-425	213	17	funds	fund	NOUN
gujaf-425	213	18	serve	serve	VERB
gujaf-425	213	19	as	as	ADP
gujaf-425	213	20	a	a	DET
gujaf-425	213	21	pool	pool	NOUN
gujaf-425	213	22	of	of	ADP
gujaf-425	213	23	capital	capital	NOUN
gujaf-425	213	24	that	that	PRON
gujaf-425	213	25	can	can	AUX
gujaf-425	213	26	be	be	AUX
gujaf-425	213	27	reinvested	reinveste	VERB
gujaf-425	213	28	in	in	ADP
gujaf-425	213	29	microenterprises	microenterprise	NOUN
gujaf-425	213	30	and	and	CCONJ
gujaf-425	213	31	other	other	ADJ
gujaf-425	213	32	productive	productive	ADJ
gujaf-425	213	33	sectors	sector	NOUN
gujaf-425	213	34	,	,	PUNCT
gujaf-425	213	35	fostering	foster	VERB
gujaf-425	213	36	macroeconomic	macroeconomic	ADJ
gujaf-425	213	37	growth	growth	NOUN
gujaf-425	213	38	(	(	PUNCT
gujaf-425	213	39	bongomin	bongomin	NOUN
gujaf-425	213	40	et	et	PROPN
gujaf-425	213	41	al	al	PROPN
gujaf-425	213	42	.	.	PROPN
gujaf-425	213	43	,	,	PUNCT
gujaf-425	213	44	2021	2021	NUM
gujaf-425	213	45	)	)	PUNCT
gujaf-425	213	46	.	.	PUNCT
gujaf-425	214	1	microfinance	microfinance	NOUN
gujaf-425	214	2	lending	lending	NOUN
gujaf-425	214	3	(	(	PUNCT
gujaf-425	214	4	mfl	mfl	PROPN
gujaf-425	214	5	)	)	PUNCT
gujaf-425	214	6	mfl	mfl	PROPN
gujaf-425	214	7	exhibits	exhibit	VERB
gujaf-425	214	8	a	a	DET
gujaf-425	214	9	consistently	consistently	ADV
gujaf-425	214	10	negative	negative	ADJ
gujaf-425	214	11	and	and	CCONJ
gujaf-425	214	12	insignificant	insignificant	ADJ
gujaf-425	214	13	relationship	relationship	NOUN
gujaf-425	214	14	with	with	ADP
gujaf-425	214	15	gdp	gdp	NOUN
gujaf-425	214	16	across	across	ADP
gujaf-425	214	17	both	both	DET
gujaf-425	214	18	time	time	NOUN
gujaf-425	214	19	horizons	horizon	NOUN
gujaf-425	214	20	.	.	PUNCT
gujaf-425	215	1	this	this	PRON
gujaf-425	215	2	aligns	align	VERB
gujaf-425	215	3	with	with	ADP
gujaf-425	215	4	ananwude	ananwude	NOUN
gujaf-425	215	5	&	&	CCONJ
gujaf-425	215	6	lateef	lateef	PROPN
gujaf-425	215	7	(	(	PUNCT
gujaf-425	215	8	2024	2024	NUM
gujaf-425	215	9	)	)	PUNCT
gujaf-425	215	10	,	,	PUNCT
gujaf-425	215	11	who	who	PRON
gujaf-425	215	12	reported	report	VERB
gujaf-425	215	13	that	that	SCONJ
gujaf-425	215	14	microfinance	microfinance	NOUN
gujaf-425	215	15	credit	credit	NOUN
gujaf-425	215	16	had	have	VERB
gujaf-425	215	17	no	no	DET
gujaf-425	215	18	significant	significant	ADJ
gujaf-425	215	19	impact	impact	NOUN
gujaf-425	215	20	on	on	ADP
gujaf-425	215	21	the	the	DET
gujaf-425	215	22	human	human	PROPN
gujaf-425	215	23	development	development	PROPN
gujaf-425	215	24	index	index	NOUN
gujaf-425	215	25	(	(	PUNCT
gujaf-425	215	26	hdi	hdi	PROPN
gujaf-425	215	27	)	)	PUNCT
gujaf-425	215	28	.	.	PUNCT
gujaf-425	216	1	the	the	DET
gujaf-425	216	2	finding	finding	NOUN
gujaf-425	216	3	may	may	AUX
gujaf-425	216	4	reflect	reflect	VERB
gujaf-425	216	5	issues	issue	NOUN
gujaf-425	216	6	such	such	ADJ
gujaf-425	216	7	as	as	ADP
gujaf-425	216	8	poor	poor	ADJ
gujaf-425	216	9	loan	loan	NOUN
gujaf-425	216	10	targeting	targeting	NOUN
gujaf-425	216	11	,	,	PUNCT
gujaf-425	216	12	misuse	misuse	NOUN
gujaf-425	216	13	of	of	ADP
gujaf-425	216	14	credit	credit	NOUN
gujaf-425	216	15	,	,	PUNCT
gujaf-425	216	16	and	and	CCONJ
gujaf-425	216	17	high	high	ADJ
gujaf-425	216	18	default	default	NOUN
gujaf-425	216	19	rates	rate	NOUN
gujaf-425	216	20	,	,	PUNCT
gujaf-425	216	21	which	which	PRON
gujaf-425	216	22	dilute	dilute	VERB
gujaf-425	216	23	the	the	DET
gujaf-425	216	24	developmental	developmental	ADJ
gujaf-425	216	25	impact	impact	NOUN
gujaf-425	216	26	of	of	ADP
gujaf-425	216	27	micro	micro	NOUN
gujaf-425	216	28	-	-	NOUN
gujaf-425	216	29	lending	lending	NOUN
gujaf-425	216	30	.	.	PUNCT
gujaf-425	217	1	this	this	DET
gujaf-425	217	2	outcome	outcome	NOUN
gujaf-425	217	3	contradicts	contradict	VERB
gujaf-425	217	4	chukwujindum	chukwujindum	PROPN
gujaf-425	217	5	&	&	CCONJ
gujaf-425	217	6	kalu	kalu	PROPN
gujaf-425	217	7	(	(	PUNCT
gujaf-425	217	8	2023	2023	NUM
gujaf-425	217	9	)	)	PUNCT
gujaf-425	217	10	,	,	PUNCT
gujaf-425	217	11	who	who	PRON
gujaf-425	217	12	found	find	VERB
gujaf-425	217	13	a	a	DET
gujaf-425	217	14	positive	positive	ADJ
gujaf-425	217	15	link	link	NOUN
gujaf-425	217	16	between	between	ADP
gujaf-425	217	17	micro	micro	NOUN
gujaf-425	217	18	-	-	NOUN
gujaf-425	217	19	lending	lending	NOUN
gujaf-425	217	20	and	and	CCONJ
gujaf-425	217	21	gdp	gdp	NOUN
gujaf-425	217	22	.	.	PUNCT
gujaf-425	218	1	however	however	ADV
gujaf-425	218	2	,	,	PUNCT
gujaf-425	218	3	this	this	DET
gujaf-425	218	4	finding	finding	NOUN
gujaf-425	218	5	deviates	deviate	VERB
gujaf-425	218	6	from	from	ADP
gujaf-425	218	7	the	the	DET
gujaf-425	218	8	theoretical	theoretical	ADJ
gujaf-425	218	9	expectation	expectation	NOUN
gujaf-425	218	10	of	of	ADP
gujaf-425	218	11	intermediation	intermediation	NOUN
gujaf-425	218	12	theory	theory	NOUN
gujaf-425	218	13	that	that	SCONJ
gujaf-425	218	14	credit	credit	NOUN
gujaf-425	218	15	allocation	allocation	NOUN
gujaf-425	218	16	to	to	ADP
gujaf-425	218	17	underserved	underserved	ADJ
gujaf-425	218	18	borrowers	borrower	NOUN
gujaf-425	218	19	enhances	enhance	VERB
gujaf-425	218	20	economic	economic	ADJ
gujaf-425	218	21	growth	growth	NOUN
gujaf-425	218	22	.	.	PUNCT
gujaf-425	219	1	this	this	PRON
gujaf-425	219	2	may	may	AUX
gujaf-425	219	3	reflect	reflect	VERB
gujaf-425	219	4	inefficiencies	inefficiency	NOUN
gujaf-425	219	5	such	such	ADJ
gujaf-425	219	6	as	as	ADP
gujaf-425	219	7	poor	poor	ADJ
gujaf-425	219	8	loan	loan	NOUN
gujaf-425	219	9	targeting	targeting	NOUN
gujaf-425	219	10	,	,	PUNCT
gujaf-425	219	11	high	high	ADJ
gujaf-425	219	12	default	default	NOUN
gujaf-425	219	13	rates	rate	NOUN
gujaf-425	219	14	,	,	PUNCT
gujaf-425	219	15	or	or	CCONJ
gujaf-425	219	16	credit	credit	NOUN
gujaf-425	219	17	misapplication	misapplication	NOUN
gujaf-425	219	18	,	,	PUNCT
gujaf-425	219	19	issues	issue	NOUN
gujaf-425	219	20	that	that	PRON
gujaf-425	219	21	reduce	reduce	VERB
gujaf-425	219	22	the	the	DET
gujaf-425	219	23	effectiveness	effectiveness	NOUN
gujaf-425	219	24	of	of	ADP
gujaf-425	219	25	financial	financial	ADJ
gujaf-425	219	26	intermediation	intermediation	NOUN
gujaf-425	219	27	(	(	PUNCT
gujaf-425	219	28	ochonogor	ochonogor	ADJ
gujaf-425	219	29	,	,	PUNCT
gujaf-425	219	30	2020	2020	NUM
gujaf-425	219	31	)	)	PUNCT
gujaf-425	219	32	.	.	PUNCT
gujaf-425	220	1	thus	thus	ADV
gujaf-425	220	2	,	,	PUNCT
gujaf-425	220	3	while	while	SCONJ
gujaf-425	220	4	mfis	mfis	NOUN
gujaf-425	220	5	are	be	AUX
gujaf-425	220	6	structurally	structurally	ADV
gujaf-425	220	7	positioned	position	VERB
gujaf-425	220	8	to	to	PART
gujaf-425	220	9	bridge	bridge	VERB
gujaf-425	220	10	financial	financial	ADJ
gujaf-425	220	11	gaps	gap	NOUN
gujaf-425	220	12	,	,	PUNCT
gujaf-425	220	13	operational	operational	ADJ
gujaf-425	220	14	weaknesses	weakness	NOUN
gujaf-425	220	15	can	can	AUX
gujaf-425	220	16	undermine	undermine	VERB
gujaf-425	220	17	their	their	PRON
gujaf-425	220	18	theoretical	theoretical	ADJ
gujaf-425	220	19	potential	potential	NOUN
gujaf-425	220	20	.	.	PUNCT
gujaf-425	221	1	microfinance	microfinance	NOUN
gujaf-425	221	2	investment	investment	NOUN
gujaf-425	221	3	(	(	PUNCT
gujaf-425	221	4	mfinv	mfinv	ADJ
gujaf-425	221	5	)	)	PUNCT
gujaf-425	221	6	mfinv	mfinv	PROPN
gujaf-425	221	7	shows	show	VERB
gujaf-425	221	8	a	a	DET
gujaf-425	221	9	positive	positive	ADJ
gujaf-425	221	10	but	but	CCONJ
gujaf-425	221	11	statistically	statistically	ADV
gujaf-425	221	12	insignificant	insignificant	ADJ
gujaf-425	221	13	effect	effect	NOUN
gujaf-425	221	14	on	on	ADP
gujaf-425	221	15	gdp	gdp	NOUN
gujaf-425	221	16	in	in	ADP
gujaf-425	221	17	both	both	CCONJ
gujaf-425	221	18	the	the	DET
gujaf-425	221	19	short	short	ADJ
gujaf-425	221	20	and	and	CCONJ
gujaf-425	221	21	long	long	ADJ
gujaf-425	221	22	run	run	NOUN
gujaf-425	221	23	.	.	PUNCT
gujaf-425	222	1	this	this	PRON
gujaf-425	222	2	is	be	AUX
gujaf-425	222	3	consistent	consistent	ADJ
gujaf-425	222	4	with	with	ADP
gujaf-425	222	5	the	the	DET
gujaf-425	222	6	findings	finding	NOUN
gujaf-425	222	7	of	of	ADP
gujaf-425	222	8	ananwude	ananwude	PROPN
gujaf-425	222	9	&	&	CCONJ
gujaf-425	222	10	lateef	lateef	PROPN
gujaf-425	222	11	(	(	PUNCT
gujaf-425	222	12	2024	2024	NUM
gujaf-425	222	13	)	)	PUNCT
gujaf-425	222	14	and	and	CCONJ
gujaf-425	222	15	chukwujindum	chukwujindum	PROPN
gujaf-425	222	16	&	&	CCONJ
gujaf-425	222	17	kalu	kalu	PROPN
gujaf-425	222	18	(	(	PUNCT
gujaf-425	222	19	2023	2023	NUM
gujaf-425	222	20	)	)	PUNCT
gujaf-425	222	21	,	,	PUNCT
gujaf-425	222	22	who	who	PRON
gujaf-425	222	23	reported	report	VERB
gujaf-425	222	24	similarly	similarly	ADV
gujaf-425	222	25	weak	weak	ADJ
gujaf-425	222	26	macroeconomic	macroeconomic	ADJ
gujaf-425	222	27	outcomes	outcome	NOUN
gujaf-425	222	28	for	for	ADP
gujaf-425	222	29	microfinance	microfinance	NOUN
gujaf-425	222	30	investments	investment	NOUN
gujaf-425	222	31	.	.	PUNCT
gujaf-425	223	1	the	the	DET
gujaf-425	223	2	limited	limited	ADJ
gujaf-425	223	3	impact	impact	NOUN
gujaf-425	223	4	could	could	AUX
gujaf-425	223	5	be	be	AUX
gujaf-425	223	6	attributed	attribute	VERB
gujaf-425	223	7	to	to	ADP
gujaf-425	223	8	the	the	DET
gujaf-425	223	9	small	small	ADJ
gujaf-425	223	10	scale	scale	NOUN
gujaf-425	223	11	of	of	ADP
gujaf-425	223	12	such	such	ADJ
gujaf-425	223	13	investments	investment	NOUN
gujaf-425	223	14	or	or	CCONJ
gujaf-425	223	15	their	their	PRON
gujaf-425	223	16	concentration	concentration	NOUN
gujaf-425	223	17	in	in	ADP
gujaf-425	223	18	low	low	ADJ
gujaf-425	223	19	-	-	PUNCT
gujaf-425	223	20	growth	growth	NOUN
gujaf-425	223	21	sectors	sector	NOUN
gujaf-425	223	22	with	with	ADP
gujaf-425	223	23	limited	limited	ADJ
gujaf-425	223	24	multiplier	multipli	ADJ
gujaf-425	223	25	effects	effect	NOUN
gujaf-425	223	26	.	.	PUNCT
gujaf-425	224	1	however	however	ADV
gujaf-425	224	2	,	,	PUNCT
gujaf-425	224	3	despite	despite	SCONJ
gujaf-425	224	4	the	the	DET
gujaf-425	224	5	positive	positive	ADJ
gujaf-425	224	6	effect	effect	NOUN
gujaf-425	224	7	,	,	PUNCT
gujaf-425	224	8	this	this	DET
gujaf-425	224	9	finding	finding	NOUN
gujaf-425	224	10	negates	negate	VERB
gujaf-425	224	11	the	the	DET
gujaf-425	224	12	intermediation	intermediation	NOUN
gujaf-425	224	13	theory	theory	NOUN
gujaf-425	224	14	and	and	CCONJ
gujaf-425	224	15	suggests	suggest	VERB
gujaf-425	224	16	that	that	SCONJ
gujaf-425	224	17	investments	investment	NOUN
gujaf-425	224	18	facilitated	facilitate	VERB
gujaf-425	224	19	by	by	ADP
gujaf-425	224	20	mfis	mfis	NOUN
gujaf-425	224	21	may	may	AUX
gujaf-425	224	22	be	be	AUX
gujaf-425	224	23	too	too	ADV
gujaf-425	224	24	small	small	ADJ
gujaf-425	224	25	in	in	ADP
gujaf-425	224	26	scale	scale	NOUN
gujaf-425	224	27	or	or	CCONJ
gujaf-425	224	28	concentrated	concentrate	VERB
gujaf-425	224	29	in	in	ADP
gujaf-425	224	30	low	low	ADJ
gujaf-425	224	31	-	-	PUNCT
gujaf-425	224	32	growth	growth	NOUN
gujaf-425	224	33	sectors	sector	NOUN
gujaf-425	224	34	to	to	PART
gujaf-425	224	35	generate	generate	VERB
gujaf-425	224	36	macroeconomic	macroeconomic	ADJ
gujaf-425	224	37	traction	traction	NOUN
gujaf-425	224	38	.	.	PUNCT
gujaf-425	225	1	this	this	PRON
gujaf-425	225	2	again	again	ADV
gujaf-425	225	3	emphasizes	emphasize	VERB
gujaf-425	225	4	the	the	DET
gujaf-425	225	5	importance	importance	NOUN
gujaf-425	225	6	of	of	ADP
gujaf-425	225	7	not	not	PART
gujaf-425	225	8	only	only	ADV
gujaf-425	225	9	the	the	DET
gujaf-425	225	10	existence	existence	NOUN
gujaf-425	225	11	of	of	ADP
gujaf-425	225	12	intermediation	intermediation	NOUN
gujaf-425	225	13	mechanisms	mechanism	NOUN
gujaf-425	225	14	but	but	CCONJ
gujaf-425	225	15	also	also	ADV
gujaf-425	225	16	their	their	PRON
gujaf-425	225	17	efficiency	efficiency	NOUN
gujaf-425	225	18	and	and	CCONJ
gujaf-425	225	19	direction	direction	NOUN
gujaf-425	225	20	.	.	PUNCT
gujaf-425	226	1	as	as	ADP
gujaf-425	226	2	for	for	ADP
gujaf-425	226	3	the	the	DET
gujaf-425	226	4	finding	finding	NOUN
gujaf-425	226	5	that	that	SCONJ
gujaf-425	226	6	micro	micro	NOUN
gujaf-425	226	7	-	-	NOUN
gujaf-425	226	8	savings	saving	NOUN
gujaf-425	226	9	have	have	AUX
gujaf-425	226	10	a	a	DET
gujaf-425	226	11	significant	significant	ADJ
gujaf-425	226	12	impact	impact	NOUN
gujaf-425	226	13	on	on	ADP
gujaf-425	226	14	economic	economic	ADJ
gujaf-425	226	15	growth	growth	NOUN
gujaf-425	226	16	while	while	SCONJ
gujaf-425	226	17	micro	micro	NOUN
gujaf-425	226	18	-	-	NOUN
gujaf-425	226	19	lending	lending	NOUN
gujaf-425	226	20	does	do	VERB
gujaf-425	226	21	not	not	PART
gujaf-425	226	22	.	.	PUNCT
gujaf-425	227	1	this	this	DET
gujaf-425	227	2	asymmetry	asymmetry	NOUN
gujaf-425	227	3	between	between	ADP
gujaf-425	227	4	savings	saving	NOUN
gujaf-425	227	5	and	and	CCONJ
gujaf-425	227	6	lending	lending	NOUN
gujaf-425	227	7	impacts	impact	NOUN
gujaf-425	227	8	signals	signal	NOUN
gujaf-425	227	9	that	that	SCONJ
gujaf-425	227	10	microfinance	microfinance	NOUN
gujaf-425	227	11	institutions	institution	NOUN
gujaf-425	227	12	(	(	PUNCT
gujaf-425	227	13	mfis	mfis	PROPN
gujaf-425	227	14	)	)	PUNCT
gujaf-425	227	15	are	be	AUX
gujaf-425	227	16	stronger	strong	ADJ
gujaf-425	227	17	as	as	ADP
gujaf-425	227	18	deposit	deposit	NOUN
gujaf-425	227	19	mobilizers	mobilizer	NOUN
gujaf-425	227	20	than	than	ADP
gujaf-425	227	21	as	as	ADP
gujaf-425	227	22	credit	credit	NOUN
gujaf-425	227	23	intermediaries	intermediary	NOUN
gujaf-425	227	24	.	.	PUNCT
gujaf-425	228	1	while	while	SCONJ
gujaf-425	228	2	they	they	PRON
gujaf-425	228	3	succeed	succeed	VERB
gujaf-425	228	4	in	in	ADP
gujaf-425	228	5	attracting	attract	VERB
gujaf-425	228	6	savings	saving	NOUN
gujaf-425	228	7	,	,	PUNCT
gujaf-425	228	8	they	they	PRON
gujaf-425	228	9	may	may	AUX
gujaf-425	228	10	lack	lack	VERB
gujaf-425	228	11	the	the	DET
gujaf-425	228	12	institutional	institutional	ADJ
gujaf-425	228	13	capacity	capacity	NOUN
gujaf-425	228	14	,	,	PUNCT
gujaf-425	228	15	frameworks	framework	NOUN
gujaf-425	228	16	,	,	PUNCT
gujaf-425	228	17	or	or	CCONJ
gujaf-425	228	18	regulatory	regulatory	ADJ
gujaf-425	228	19	support	support	NOUN
gujaf-425	228	20	to	to	PART
gujaf-425	228	21	ensure	ensure	VERB
gujaf-425	228	22	loans	loan	NOUN
gujaf-425	228	23	are	be	AUX
gujaf-425	228	24	channeled	channel	VERB
gujaf-425	228	25	into	into	ADP
gujaf-425	228	26	productive	productive	ADJ
gujaf-425	228	27	investments	investment	NOUN
gujaf-425	228	28	that	that	PRON
gujaf-425	228	29	contribute	contribute	VERB
gujaf-425	228	30	to	to	ADP
gujaf-425	228	31	economic	economic	ADJ
gujaf-425	228	32	growth	growth	NOUN
gujaf-425	228	33	.	.	PUNCT
gujaf-425	229	1	this	this	PRON
gujaf-425	229	2	challenges	challenge	VERB
gujaf-425	229	3	the	the	DET
gujaf-425	229	4	traditional	traditional	ADJ
gujaf-425	229	5	model	model	NOUN
gujaf-425	229	6	of	of	ADP
gujaf-425	229	7	intermediation	intermediation	NOUN
gujaf-425	229	8	,	,	PUNCT
gujaf-425	229	9	where	where	SCONJ
gujaf-425	229	10	savings	saving	NOUN
gujaf-425	229	11	should	should	AUX
gujaf-425	229	12	naturally	naturally	ADV
gujaf-425	229	13	flow	flow	VERB
gujaf-425	229	14	into	into	ADP
gujaf-425	229	15	lending	lending	NOUN
gujaf-425	229	16	and	and	CCONJ
gujaf-425	229	17	investment	investment	NOUN
gujaf-425	229	18	.	.	PUNCT
gujaf-425	230	1	thus	thus	ADV
gujaf-425	230	2	,	,	PUNCT
gujaf-425	230	3	the	the	DET
gujaf-425	230	4	financial	financial	ADJ
gujaf-425	230	5	intermediation	intermediation	NOUN
gujaf-425	230	6	process	process	NOUN
gujaf-425	230	7	in	in	ADP
gujaf-425	230	8	the	the	DET
gujaf-425	230	9	microfinance	microfinance	NOUN
gujaf-425	230	10	space	space	NOUN
gujaf-425	230	11	may	may	AUX
gujaf-425	230	12	be	be	AUX
gujaf-425	230	13	partial	partial	ADJ
gujaf-425	230	14	,	,	PUNCT
gujaf-425	230	15	incomplete	incomplete	ADJ
gujaf-425	230	16	,	,	PUNCT
gujaf-425	230	17	or	or	CCONJ
gujaf-425	230	18	distorted	distort	VERB
gujaf-425	230	19	,	,	PUNCT
gujaf-425	230	20	thus	thus	ADV
gujaf-425	230	21	limiting	limit	VERB
gujaf-425	230	22	its	its	PRON
gujaf-425	230	23	full	full	ADJ
gujaf-425	230	24	developmental	developmental	ADJ
gujaf-425	230	25	potential	potential	NOUN
gujaf-425	230	26	.	.	PUNCT
gujaf-425	231	1	for	for	SCONJ
gujaf-425	231	2	financial	financial	ADJ
gujaf-425	231	3	intermediation	intermediation	NOUN
gujaf-425	231	4	to	to	PART
gujaf-425	231	5	function	function	VERB
gujaf-425	231	6	effectively	effectively	ADV
gujaf-425	231	7	,	,	PUNCT
gujaf-425	231	8	both	both	PRON
gujaf-425	231	9	arms	arm	NOUN
gujaf-425	231	10	,	,	PUNCT
gujaf-425	231	11	resource	resource	NOUN
gujaf-425	231	12	mobilization	mobilization	NOUN
gujaf-425	231	13	and	and	CCONJ
gujaf-425	231	14	efficient	efficient	ADJ
gujaf-425	231	15	allocation	allocation	NOUN
gujaf-425	231	16	,	,	PUNCT
gujaf-425	231	17	must	must	AUX
gujaf-425	231	18	work	work	VERB
gujaf-425	231	19	in	in	ADP
gujaf-425	231	20	tandem	tandem	PROPN
gujaf-425	231	21	.	.	PUNCT
gujaf-425	232	1	the	the	DET
gujaf-425	232	2	findings	finding	NOUN
gujaf-425	232	3	imply	imply	VERB
gujaf-425	232	4	that	that	SCONJ
gujaf-425	232	5	while	while	SCONJ
gujaf-425	232	6	mfis	mfi	VERB
gujaf-425	232	7	in	in	ADP
gujaf-425	232	8	nigeria	nigeria	PROPN
gujaf-425	232	9	have	have	AUX
gujaf-425	232	10	made	make	VERB
gujaf-425	232	11	strides	stride	NOUN
gujaf-425	232	12	in	in	ADP
gujaf-425	232	13	savings	saving	NOUN
gujaf-425	232	14	mobilization	mobilization	NOUN
gujaf-425	232	15	,	,	PUNCT
gujaf-425	232	16	there	there	PRON
gujaf-425	232	17	is	be	VERB
gujaf-425	232	18	a	a	DET
gujaf-425	232	19	critical	critical	ADJ
gujaf-425	232	20	need	need	NOUN
gujaf-425	232	21	to	to	PART
gujaf-425	232	22	improve	improve	VERB
gujaf-425	232	23	the	the	DET
gujaf-425	232	24	quality	quality	NOUN
gujaf-425	232	25	,	,	PUNCT
gujaf-425	232	26	targeting	targeting	NOUN
gujaf-425	232	27	,	,	PUNCT
gujaf-425	232	28	and	and	CCONJ
gujaf-425	232	29	oversight	oversight	NOUN
gujaf-425	232	30	of	of	ADP
gujaf-425	232	31	micro	micro	ADJ
gujaf-425	232	32	-	-	ADJ
gujaf-425	232	33	lending	lending	ADJ
gujaf-425	232	34	practices	practice	NOUN
gujaf-425	232	35	to	to	PART
gujaf-425	232	36	realize	realize	VERB
gujaf-425	232	37	the	the	DET
gujaf-425	232	38	full	full	ADJ
gujaf-425	232	39	potential	potential	NOUN
gujaf-425	232	40	of	of	ADP
gujaf-425	232	41	financial	financial	ADJ
gujaf-425	232	42	intermediation	intermediation	NOUN
gujaf-425	232	43	.	.	PUNCT
gujaf-425	233	1	gusau	gusau	PROPN
gujaf-425	233	2	journal	journal	PROPN
gujaf-425	233	3	of	of	ADP
gujaf-425	233	4	accounting	accounting	NOUN
gujaf-425	233	5	and	and	CCONJ
gujaf-425	233	6	finance	finance	NOUN
gujaf-425	233	7	,	,	PUNCT
gujaf-425	233	8	vol.6	vol.6	PROPN
gujaf-425	233	9	,	,	PUNCT
gujaf-425	233	10	issue	issue	NOUN
gujaf-425	233	11	2	2	NUM
gujaf-425	233	12	,	,	PUNCT
gujaf-425	233	13	april	april	PROPN
gujaf-425	233	14	,	,	PUNCT
gujaf-425	233	15	2025	2025	NUM
gujaf-425	233	16	222	222	NUM
gujaf-425	233	17	post	post	ADJ
gujaf-425	233	18	-	-	ADJ
gujaf-425	233	19	estimation	estimation	ADJ
gujaf-425	233	20	tests	test	NOUN
gujaf-425	233	21	post	post	VERB
gujaf-425	233	22	estimation	estimation	NOUN
gujaf-425	233	23	tests	test	NOUN
gujaf-425	233	24	help	help	VERB
gujaf-425	233	25	to	to	PART
gujaf-425	233	26	verify	verify	VERB
gujaf-425	233	27	if	if	SCONJ
gujaf-425	233	28	the	the	DET
gujaf-425	233	29	regression	regression	NOUN
gujaf-425	233	30	result	result	NOUN
gujaf-425	233	31	of	of	ADP
gujaf-425	233	32	this	this	DET
gujaf-425	233	33	study	study	NOUN
gujaf-425	233	34	does	do	AUX
gujaf-425	233	35	not	not	PART
gujaf-425	233	36	violate	violate	VERB
gujaf-425	233	37	some	some	DET
gujaf-425	233	38	classical	classical	ADJ
gujaf-425	233	39	linear	linear	ADJ
gujaf-425	233	40	regression	regression	NOUN
gujaf-425	233	41	model	model	NOUN
gujaf-425	233	42	assumptions	assumption	NOUN
gujaf-425	233	43	and	and	CCONJ
gujaf-425	233	44	is	be	AUX
gujaf-425	233	45	thus	thus	ADV
gujaf-425	233	46	valid	valid	ADJ
gujaf-425	233	47	to	to	PART
gujaf-425	233	48	make	make	VERB
gujaf-425	233	49	relevant	relevant	ADJ
gujaf-425	233	50	conclusions	conclusion	NOUN
gujaf-425	233	51	.	.	PUNCT
gujaf-425	234	1	these	these	DET
gujaf-425	234	2	tests	test	NOUN
gujaf-425	234	3	include	include	VERB
gujaf-425	234	4	the	the	DET
gujaf-425	234	5	heteroskedasticity	heteroskedasticity	NOUN
gujaf-425	234	6	test	test	NOUN
gujaf-425	234	7	(	(	PUNCT
gujaf-425	234	8	through	through	ADP
gujaf-425	234	9	the	the	DET
gujaf-425	234	10	breusch	breusch	ADV
gujaf-425	234	11	-	-	PUNCT
gujaf-425	234	12	pagan	pagan	ADJ
gujaf-425	234	13	-	-	PUNCT
gujaf-425	234	14	godfrey	godfrey	NOUN
gujaf-425	234	15	)	)	PUNCT
gujaf-425	234	16	,	,	PUNCT
gujaf-425	234	17	the	the	DET
gujaf-425	234	18	autocorrelation	autocorrelation	NOUN
gujaf-425	234	19	test	test	NOUN
gujaf-425	234	20	(	(	PUNCT
gujaf-425	234	21	through	through	ADP
gujaf-425	234	22	the	the	DET
gujaf-425	234	23	breusch	breusch	NOUN
gujaf-425	234	24	-	-	PUNCT
gujaf-425	234	25	godfrey	godfrey	NOUN
gujaf-425	234	26	lm	lm	PROPN
gujaf-425	234	27	test	test	NOUN
gujaf-425	234	28	)	)	PUNCT
gujaf-425	234	29	and	and	CCONJ
gujaf-425	234	30	normality	normality	NOUN
gujaf-425	234	31	of	of	ADP
gujaf-425	234	32	residual	residual	ADJ
gujaf-425	234	33	tests	test	NOUN
gujaf-425	234	34	(	(	PUNCT
gujaf-425	234	35	through	through	ADP
gujaf-425	234	36	the	the	DET
gujaf-425	234	37	jarque	jarque	NOUN
gujaf-425	234	38	-	-	PUNCT
gujaf-425	234	39	bera	bera	NOUN
gujaf-425	234	40	normality	normality	NOUN
gujaf-425	234	41	test	test	NOUN
gujaf-425	234	42	)	)	PUNCT
gujaf-425	234	43	.	.	PUNCT
gujaf-425	235	1	table7	table7	PROPN
gujaf-425	235	2	:	:	PUNCT
gujaf-425	235	3	breuschpagan	breuschpagan	NOUN
gujaf-425	235	4	-	-	PUNCT
gujaf-425	235	5	godfreyheteroskedasticitytest	godfreyheteroskedasticityt	ADJ
gujaf-425	235	6	f	f	NOUN
gujaf-425	235	7	-	-	PUNCT
gujaf-425	235	8	statistic	statistic	ADJ
gujaf-425	235	9	1.547318	1.547318	NUM
gujaf-425	235	10	prob.f(9,20	prob.f(9,20	NOUN
gujaf-425	235	11	)	)	PUNCT
gujaf-425	235	12	0.1988	0.1988	NUM
gujaf-425	235	13	obs*r	obs*r	PROPN
gujaf-425	235	14	-	-	PUNCT
gujaf-425	235	15	squared	square	VERB
gujaf-425	235	16	12.31438	12.31438	NUM
gujaf-425	235	17	prob.chi	prob.chi	NOUN
gujaf-425	235	18	-	-	PUNCT
gujaf-425	235	19	square(9	square(9	NOUN
gujaf-425	235	20	)	)	PUNCT
gujaf-425	235	21	0.1962	0.1962	NUM
gujaf-425	235	22	scaledexplainedss	scaledexplainedss	VERB
gujaf-425	235	23	5.081704	5.081704	NUM
gujaf-425	235	24	prob.chi	prob.chi	NOUN
gujaf-425	235	25	-	-	PUNCT
gujaf-425	235	26	square(9	square(9	NOUN
gujaf-425	235	27	)	)	PUNCT
gujaf-425	235	28	0.8271	0.8271	NUM
gujaf-425	235	29	source	source	NOUN
gujaf-425	235	30	:	:	PUNCT
gujaf-425	235	31	authors	author	NOUN
gujaf-425	235	32	compilation	compilation	NOUN
gujaf-425	235	33	,	,	PUNCT
gujaf-425	235	34	2024	2024	NUM
gujaf-425	235	35	.	.	PUNCT
gujaf-425	236	1	the	the	DET
gujaf-425	236	2	results	result	NOUN
gujaf-425	236	3	presentedintable4.5.1displaytheoutcomeoftheheteroskedasticitytest	presentedintable4.5.1displaytheoutcomeoftheheteroskedasticitytest	PROPN
gujaf-425	236	4	,	,	PUNCT
gujaf-425	236	5	performed	perform	VERB
gujaf-425	236	6	using	use	VERB
gujaf-425	236	7	the	the	DET
gujaf-425	236	8	breusch	breusch	ADJ
gujaf-425	236	9	-	-	PUNCT
gujaf-425	236	10	godfrey	godfrey	NOUN
gujaf-425	236	11	test	test	NOUN
gujaf-425	236	12	procedure	procedure	NOUN
gujaf-425	236	13	.	.	PUNCT
gujaf-425	237	1	given	give	VERB
gujaf-425	237	2	that	that	SCONJ
gujaf-425	237	3	all	all	DET
gujaf-425	237	4	p	p	NOUN
gujaf-425	237	5	-	-	PUNCT
gujaf-425	237	6	values	value	NOUN
gujaf-425	237	7	exceed	exceed	VERB
gujaf-425	237	8	the	the	DET
gujaf-425	237	9	0.05significance	0.05significance	NOUN
gujaf-425	237	10	level	level	NOUN
gujaf-425	237	11	,	,	PUNCT
gujaf-425	237	12	the	the	DET
gujaf-425	237	13	test	test	NOUN
gujaf-425	237	14	statistics	statistic	NOUN
gujaf-425	237	15	are	be	AUX
gujaf-425	237	16	not	not	PART
gujaf-425	237	17	statistically	statistically	ADV
gujaf-425	237	18	significant	significant	ADJ
gujaf-425	237	19	.	.	PUNCT
gujaf-425	238	1	therefore	therefore	ADV
gujaf-425	238	2	,	,	PUNCT
gujaf-425	238	3	the	the	DET
gujaf-425	238	4	null	null	ADJ
gujaf-425	238	5	hypothesis	hypothesis	NOUN
gujaf-425	238	6	,	,	PUNCT
gujaf-425	238	7	which	which	PRON
gujaf-425	238	8	posits	posit	VERB
gujaf-425	238	9	the	the	DET
gujaf-425	238	10	presence	presence	NOUN
gujaf-425	238	11	of	of	ADP
gujaf-425	238	12	constant	constant	ADJ
gujaf-425	238	13	variance	variance	NOUN
gujaf-425	238	14	(	(	PUNCT
gujaf-425	238	15	i.e.	i.e.	X
gujaf-425	238	16	,	,	PUNCT
gujaf-425	238	17	no	no	DET
gujaf-425	238	18	heteroskedasticity	heteroskedasticity	NOUN
gujaf-425	238	19	)	)	PUNCT
gujaf-425	238	20	,	,	PUNCT
gujaf-425	238	21	is	be	AUX
gujaf-425	238	22	not	not	PART
gujaf-425	238	23	rejected	reject	VERB
gujaf-425	238	24	at	at	ADP
gujaf-425	238	25	the	the	DET
gujaf-425	238	26	5	5	NUM
gujaf-425	238	27	%	%	NOUN
gujaf-425	238	28	significance	significance	NOUN
gujaf-425	238	29	level	level	NOUN
gujaf-425	238	30	.	.	PUNCT
gujaf-425	239	1	this	this	PRON
gujaf-425	239	2	suggests	suggest	VERB
gujaf-425	239	3	that	that	SCONJ
gujaf-425	239	4	the	the	DET
gujaf-425	239	5	regression	regression	NOUN
gujaf-425	239	6	models	model	NOUN
gujaf-425	239	7	are	be	AUX
gujaf-425	239	8	free	free	ADJ
gujaf-425	239	9	from	from	ADP
gujaf-425	239	10	heteroskedasticity	heteroskedasticity	NOUN
gujaf-425	239	11	,	,	PUNCT
gujaf-425	239	12	indicating	indicate	VERB
gujaf-425	239	13	that	that	SCONJ
gujaf-425	239	14	the	the	DET
gujaf-425	239	15	variance	variance	NOUN
gujaf-425	239	16	of	of	ADP
gujaf-425	239	17	the	the	DET
gujaf-425	239	18	error	error	NOUN
gujaf-425	239	19	termsisstableacrossobservationsinallthreeregression	termsisstableacrossobservationsinallthreeregression	NOUN
gujaf-425	239	20	models	model	NOUN
gujaf-425	239	21	.	.	PUNCT
gujaf-425	240	1	table8	table8	NOUN
gujaf-425	240	2	:	:	PUNCT
gujaf-425	240	3	breusch	breusch	PROPN
gujaf-425	240	4	-	-	PUNCT
gujaf-425	240	5	godfreyserialcorrelationlmtest	godfreyserialcorrelationlmt	ADJ
gujaf-425	240	6	f	f	X
gujaf-425	240	7	-	-	PUNCT
gujaf-425	240	8	statistic	statistic	ADJ
gujaf-425	240	9	2.354933	2.354933	NUM
gujaf-425	240	10	prob	prob	NOUN
gujaf-425	240	11	.	.	PUNCT
gujaf-425	241	1	f(1,19	f(1,19	NOUN
gujaf-425	241	2	)	)	PUNCT
gujaf-425	241	3	0.1414	0.1414	NUM
gujaf-425	241	4	obs*r	obs*r	NOUN
gujaf-425	241	5	-	-	PUNCT
gujaf-425	241	6	squared	square	VERB
gujaf-425	241	7	3.308275	3.308275	NUM
gujaf-425	241	8	prob	prob	NOUN
gujaf-425	241	9	.	.	PUNCT
gujaf-425	242	1	chi	chi	PROPN
gujaf-425	242	2	-	-	PUNCT
gujaf-425	242	3	square(1	square(1	PROPN
gujaf-425	242	4	)	)	PUNCT
gujaf-425	242	5	0.0689	0.0689	NUM
gujaf-425	242	6	source	source	NOUN
gujaf-425	242	7	:	:	PUNCT
gujaf-425	242	8	authors	author	NOUN
gujaf-425	242	9	'	'	PART
gujaf-425	242	10	compilation	compilation	NOUN
gujaf-425	242	11	,	,	PUNCT
gujaf-425	242	12	2024	2024	NUM
gujaf-425	242	13	.	.	PUNCT
gujaf-425	243	1	the	the	DET
gujaf-425	243	2	results	result	NOUN
gujaf-425	243	3	presented	present	VERB
gujaf-425	243	4	in	in	ADP
gujaf-425	243	5	table	table	NOUN
gujaf-425	243	6	4.7	4.7	NUM
gujaf-425	243	7	pertain	pertain	NOUN
gujaf-425	243	8	to	to	ADP
gujaf-425	243	9	the	the	DET
gujaf-425	243	10	autocorrelation	autocorrelation	NOUN
gujaf-425	243	11	test	test	NOUN
gujaf-425	243	12	,	,	PUNCT
gujaf-425	243	13	carried	carry	VERB
gujaf-425	243	14	out	out	ADP
gujaf-425	243	15	using	use	VERB
gujaf-425	243	16	the	the	DET
gujaf-425	243	17	breusch	breusch	ADJ
gujaf-425	243	18	-	-	PUNCT
gujaf-425	243	19	godfrey	godfrey	NOUN
gujaf-425	243	20	lagrange	lagrange	PROPN
gujaf-425	243	21	multiplier	multiplier	ADV
gujaf-425	243	22	(	(	PUNCT
gujaf-425	243	23	lm	lm	ADJ
gujaf-425	243	24	)	)	PUNCT
gujaf-425	243	25	test	test	NOUN
gujaf-425	243	26	procedure	procedure	NOUN
gujaf-425	243	27	.	.	PUNCT
gujaf-425	244	1	since	since	SCONJ
gujaf-425	244	2	the	the	DET
gujaf-425	244	3	p	p	NOUN
gujaf-425	244	4	-	-	PUNCT
gujaf-425	244	5	values	value	NOUN
gujaf-425	244	6	for	for	ADP
gujaf-425	244	7	all	all	DET
gujaf-425	244	8	models	model	NOUN
gujaf-425	244	9	exceed	exceed	VERB
gujaf-425	244	10	the	the	DET
gujaf-425	244	11	0.05	0.05	NUM
gujaf-425	244	12	significance	significance	NOUN
gujaf-425	244	13	level	level	NOUN
gujaf-425	244	14	,	,	PUNCT
gujaf-425	244	15	the	the	DET
gujaf-425	244	16	test	test	NOUN
gujaf-425	244	17	statistics	statistic	NOUN
gujaf-425	244	18	are	be	AUX
gujaf-425	244	19	not	not	PART
gujaf-425	244	20	statistically	statistically	ADV
gujaf-425	244	21	significant.consequently	significant.consequently	ADV
gujaf-425	244	22	,	,	PUNCT
gujaf-425	244	23	thenullhypothesis	thenullhypothesis	NOUN
gujaf-425	244	24	,	,	PUNCT
gujaf-425	244	25	whichassertstheabsence	whichassertstheabsence	NOUN
gujaf-425	244	26	gusau	gusau	PROPN
gujaf-425	244	27	journal	journal	PROPN
gujaf-425	244	28	of	of	ADP
gujaf-425	244	29	account	account	NOUN
gujaf-425	244	30	ofserialcorrelation	ofserialcorrelation	NOUN
gujaf-425	244	31	,	,	PUNCT
gujaf-425	244	32	isnotrejected	isnotrejecte	VERB
gujaf-425	244	33	from	from	ADP
gujaf-425	244	34	serial	serial	ADJ
gujaf-425	244	35	or	or	CCONJ
gujaf-425	244	36	autocorrelation	autocorrelation	NOUN
gujaf-425	244	37	issues	issue	NOUN
gujaf-425	244	38	,	,	PUNCT
gujaf-425	244	39	confirming	confirm	VERB
gujaf-425	244	40	the	the	DET
gujaf-425	244	41	reliability	reliability	NOUN
gujaf-425	244	42	of	of	ADP
gujaf-425	244	43	the	the	DET
gujaf-425	244	44	model	model	NOUN
gujaf-425	244	45	's	's	PART
gujaf-425	244	46	residuals	residual	NOUN
gujaf-425	244	47	over	over	ADP
gujaf-425	244	48	time	time	NOUN
gujaf-425	244	49	.	.	PUNCT
gujaf-425	245	1	table9	table9	NOUN
gujaf-425	245	2	:	:	PUNCT
gujaf-425	245	3	jacque	jacque	ADJ
gujaf-425	245	4	-	-	PUNCT
gujaf-425	245	5	beranormality	beranormality	NOUN
gujaf-425	245	6	thejarque	thejarque	NOUN
gujaf-425	245	7	-	-	PUNCT
gujaf-425	245	8	beratestresultsforallmodelsshowp	beratestresultsforallmodelsshowp	NOUN
gujaf-425	245	9	indicating	indicate	VERB
gujaf-425	245	10	that	that	SCONJ
gujaf-425	245	11	the	the	DET
gujaf-425	245	12	test	test	NOUN
gujaf-425	245	13	statistics	statistic	NOUN
gujaf-425	245	14	are	be	AUX
gujaf-425	245	15	not	not	PART
gujaf-425	245	16	significant	significant	ADJ
gujaf-425	245	17	.	.	PUNCT
gujaf-425	246	1	consequently	consequently	ADV
gujaf-425	246	2	,	,	PUNCT
gujaf-425	246	3	the	the	DET
gujaf-425	246	4	null	null	ADJ
gujaf-425	246	5	hypothesis	hypothesis	NOUN
gujaf-425	246	6	asserting	assert	VERB
gujaf-425	246	7	that	that	SCONJ
gujaf-425	246	8	the	the	DET
gujaf-425	246	9	residuals	residual	NOUN
gujaf-425	246	10	are	be	AUX
gujaf-425	246	11	normally	normally	ADV
gujaf-425	246	12	distributed	distribute	VERB
gujaf-425	246	13	can	can	AUX
gujaf-425	246	14	not	not	PART
gujaf-425	246	15	be	be	AUX
gujaf-425	246	16	rejected	reject	VERB
gujaf-425	246	17	.	.	PUNCT
gujaf-425	247	1	this	this	PRON
gujaf-425	247	2	confirms	confirm	VERB
gujaf-425	247	3	that	that	SCONJ
gujaf-425	247	4	the	the	DET
gujaf-425	247	5	res	re	NOUN
gujaf-425	247	6	exhibit	exhibit	VERB
gujaf-425	247	7	normal	normal	ADJ
gujaf-425	247	8	distribution	distribution	NOUN
gujaf-425	247	9	,	,	PUNCT
gujaf-425	247	10	thereby	thereby	ADV
gujaf-425	247	11	upholding	uphold	VERB
gujaf-425	247	12	the	the	DET
gujaf-425	247	13	normality	normality	NOUN
gujaf-425	247	14	assumption	assumption	NOUN
gujaf-425	247	15	required	require	VERB
gujaf-425	247	16	in	in	ADP
gujaf-425	247	17	classical	classical	ADJ
gujaf-425	247	18	linear	linear	NOUN
gujaf-425	247	19	regression	regression	NOUN
gujaf-425	247	20	analysis	analysis	NOUN
gujaf-425	247	21	.	.	PUNCT
gujaf-425	248	1	5.0	5.0	NUM
gujaf-425	248	2	conclusion	conclusion	NOUN
gujaf-425	248	3	and	and	CCONJ
gujaf-425	248	4	recommendations	recommendation	NOUN
gujaf-425	248	5	this	this	DET
gujaf-425	248	6	study	study	NOUN
gujaf-425	248	7	confirms	confirm	VERB
gujaf-425	248	8	that	that	SCONJ
gujaf-425	248	9	microfinance	microfinance	NOUN
gujaf-425	248	10	savings	saving	NOUN
gujaf-425	248	11	play	play	VERB
gujaf-425	248	12	a	a	DET
gujaf-425	248	13	vital	vital	ADJ
gujaf-425	248	14	role	role	NOUN
gujaf-425	248	15	in	in	ADP
gujaf-425	248	16	driving	drive	VERB
gujaf-425	248	17	long	long	ADJ
gujaf-425	248	18	growth	growth	NOUN
gujaf-425	248	19	in	in	ADP
gujaf-425	248	20	nigeria	nigeria	PROPN
gujaf-425	248	21	,	,	PUNCT
gujaf-425	248	22	while	while	SCONJ
gujaf-425	248	23	micro	micro	PROPN
gujaf-425	248	24	findings	finding	NOUN
gujaf-425	248	25	suggest	suggest	VERB
gujaf-425	248	26	that	that	SCONJ
gujaf-425	248	27	while	while	SCONJ
gujaf-425	248	28	microfinance	microfinance	NOUN
gujaf-425	248	29	institutions	institution	NOUN
gujaf-425	248	30	are	be	AUX
gujaf-425	248	31	effective	effective	ADJ
gujaf-425	248	32	at	at	ADP
gujaf-425	248	33	mobilizing	mobilize	VERB
gujaf-425	248	34	savings	saving	NOUN
gujaf-425	248	35	,	,	PUNCT
gujaf-425	248	36	the	the	DET
gujaf-425	248	37	credit	credit	NOUN
gujaf-425	248	38	delivery	delivery	NOUN
gujaf-425	248	39	system	system	NOUN
gujaf-425	248	40	may	may	AUX
gujaf-425	248	41	be	be	AUX
gujaf-425	248	42	ineffective	ineffective	ADJ
gujaf-425	248	43	.	.	PUNCT
gujaf-425	249	1	this	this	DET
gujaf-425	249	2	partial	partial	ADJ
gujaf-425	249	3	success	success	NOUN
gujaf-425	249	4	undermines	undermine	VERB
gujaf-425	249	5	the	the	DET
gujaf-425	249	6	broader	broad	ADJ
gujaf-425	249	7	developmental	developmental	ADJ
gujaf-425	249	8	role	role	NOUN
gujaf-425	249	9	expected	expect	VERB
gujaf-425	249	10	of	of	ADP
gujaf-425	249	11	microfinance	microfinance	NOUN
gujaf-425	249	12	.	.	PUNCT
gujaf-425	250	1	thus	thus	ADV
gujaf-425	250	2	,	,	PUNCT
gujaf-425	250	3	policy	policy	NOUN
gujaf-425	250	4	emphasis	emphasis	NOUN
gujaf-425	250	5	should	should	AUX
gujaf-425	250	6	shift	shift	VERB
gujaf-425	250	7	toward	toward	ADP
gujaf-425	250	8	improving	improve	VERB
gujaf-425	250	9	loan	loan	NOUN
gujaf-425	250	10	targeting	targeting	NOUN
gujaf-425	250	11	,	,	PUNCT
gujaf-425	250	12	monitoring	monitoring	NOUN
gujaf-425	250	13	,	,	PUNCT
gujaf-425	250	14	and	and	CCONJ
gujaf-425	250	15	borrower	borrower	NOUN
gujaf-425	250	16	education	education	NOUN
gujaf-425	250	17	to	to	PART
gujaf-425	250	18	ensure	ensure	VERB
gujaf-425	250	19	that	that	SCONJ
gujaf-425	250	20	loans	loan	NOUN
gujaf-425	250	21	are	be	AUX
gujaf-425	250	22	used	use	VERB
gujaf-425	250	23	for	for	ADP
gujaf-425	250	24	productive	productive	ADJ
gujaf-425	250	25	economic	economic	ADJ
gujaf-425	250	26	act	act	NOUN
gujaf-425	250	27	(	(	PUNCT
gujaf-425	250	28	cbn	cbn	PROPN
gujaf-425	250	29	)	)	PUNCT
gujaf-425	250	30	and	and	CCONJ
gujaf-425	250	31	related	related	ADJ
gujaf-425	250	32	agencies	agency	NOUN
gujaf-425	250	33	should	should	AUX
gujaf-425	250	34	involve	involve	VERB
gujaf-425	250	35	mfis	mfi	VERB
gujaf-425	250	36	in	in	ADP
gujaf-425	250	37	administering	administer	VERB
gujaf-425	250	38	targeted	target	VERB
gujaf-425	250	39	credit	credit	NOUN
gujaf-425	250	40	schemes	scheme	NOUN
gujaf-425	250	41	(	(	PUNCT
gujaf-425	250	42	e.g.	e.g.	ADV
gujaf-425	250	43	,	,	PUNCT
gujaf-425	250	44	sme	sme	ADJ
gujaf-425	250	45	credit	credit	NOUN
gujaf-425	250	46	guarantee	guarantee	NOUN
gujaf-425	250	47	schemes	scheme	NOUN
gujaf-425	250	48	)	)	PUNCT
gujaf-425	250	49	,	,	PUNCT
gujaf-425	250	50	ensuring	ensure	VERB
gujaf-425	250	51	funds	fund	NOUN
gujaf-425	250	52	reach	reach	VERB
gujaf-425	250	53	grassroots	grassroots	ADJ
gujaf-425	250	54	entrepreneurs	entrepreneur	NOUN
gujaf-425	250	55	.	.	PUNCT
gujaf-425	251	1	academic	academic	ADJ
gujaf-425	251	2	contributions	contribution	NOUN
gujaf-425	251	3	this	this	DET
gujaf-425	251	4	study	study	NOUN
gujaf-425	251	5	contributes	contribute	VERB
gujaf-425	251	6	to	to	ADP
gujaf-425	251	7	the	the	DET
gujaf-425	251	8	literature	literature	NOUN
gujaf-425	251	9	by	by	ADP
gujaf-425	251	10	disaggregating	disaggregate	VERB
gujaf-425	251	11	microfinance	microfinance	NOUN
gujaf-425	251	12	activities	activity	NOUN
gujaf-425	251	13	(	(	PUNCT
gujaf-425	251	14	savings	saving	NOUN
gujaf-425	251	15	,	,	PUNCT
gujaf-425	251	16	lending	lending	NOUN
gujaf-425	251	17	,	,	PUNCT
gujaf-425	251	18	investment	investment	NOUN
gujaf-425	251	19	)	)	PUNCT
gujaf-425	251	20	and	and	CCONJ
gujaf-425	251	21	examining	examine	VERB
gujaf-425	251	22	their	their	PRON
gujaf-425	251	23	individual	individual	ADJ
gujaf-425	251	24	effects	effect	NOUN
gujaf-425	251	25	on	on	ADP
gujaf-425	251	26	economic	economic	ADJ
gujaf-425	251	27	growth	growth	NOUN
gujaf-425	251	28	over	over	ADP
gujaf-425	251	29	three	three	NUM
gujaf-425	251	30	decades	decade	NOUN
gujaf-425	251	31	.	.	PUNCT
gujaf-425	252	1	in	in	ADP
gujaf-425	252	2	addition	addition	NOUN
gujaf-425	252	3	,	,	PUNCT
gujaf-425	252	4	it	it	PRON
gujaf-425	252	5	provides	provide	VERB
gujaf-425	252	6	empirical	empirical	ADJ
gujaf-425	252	7	evidence	evidence	NOUN
gujaf-425	252	8	that	that	PRON
gujaf-425	252	9	challenges	challenge	VERB
gujaf-425	252	10	the	the	DET
gujaf-425	252	11	widely	widely	ADV
gujaf-425	252	12	he	he	PRON
gujaf-425	252	13	that	that	SCONJ
gujaf-425	252	14	micro	micro	NOUN
gujaf-425	252	15	-	-	NOUN
gujaf-425	252	16	lending	lending	NOUN
gujaf-425	252	17	is	be	AUX
gujaf-425	252	18	the	the	DET
gujaf-425	252	19	most	most	ADV
gujaf-425	252	20	direct	direct	ADJ
gujaf-425	252	21	channel	channel	NOUN
gujaf-425	252	22	through	through	ADP
gujaf-425	252	23	which	which	PRON
gujaf-425	252	24	microfinance	microfinance	NOUN
gujaf-425	252	25	institutions	institution	NOUN
gujaf-425	252	26	influence	influence	VERB
gujaf-425	252	27	economic	economic	ADJ
gujaf-425	252	28	growth	growth	NOUN
gujaf-425	252	29	.	.	PUNCT
gujaf-425	253	1	references	reference	NOUN
gujaf-425	253	2	adnan	adnan	PROPN
gujaf-425	253	3	,	,	PUNCT
gujaf-425	253	4	s.	s.	PROPN
gujaf-425	253	5	a.	a.	PROPN
gujaf-425	253	6	,	,	PUNCT
gujaf-425	253	7	&	&	CCONJ
gujaf-425	253	8	kumar	kumar	PROPN
gujaf-425	253	9	,	,	PUNCT
gujaf-425	253	10	p.	p.	NOUN
gujaf-425	253	11	(	(	PUNCT
gujaf-425	253	12	2021	2021	NUM
gujaf-425	253	13	)	)	PUNCT
gujaf-425	253	14	.	.	PUNCT
gujaf-425	254	1	role	role	NOUN
gujaf-425	254	2	of	of	ADP
gujaf-425	254	3	microfinance	microfinance	NOUN
gujaf-425	254	4	in	in	ADP
gujaf-425	254	5	economic	economic	ADJ
gujaf-425	254	6	development	development	NOUN
gujaf-425	254	7	.	.	PUNCT
gujaf-425	255	1	a	a	DET
gujaf-425	255	2	journal	journal	NOUN
gujaf-425	255	3	of	of	ADP
gujaf-425	255	4	management	management	NOUN
gujaf-425	255	5	sci	sci	PROPN
gujaf-425	255	6	30	30	NUM
gujaf-425	255	7	.	.	PUNCT
gujaf-425	256	1	https://doi.org/10.21567/adhyayan.v11i2.4	https://doi.org/10.21567/adhyayan.v11i2.4	NOUN
gujaf-425	256	2	gusau	gusau	ADJ
gujaf-425	256	3	journal	journal	NOUN
gujaf-425	256	4	of	of	ADP
gujaf-425	256	5	accounting	accounting	NOUN
gujaf-425	256	6	and	and	CCONJ
gujaf-425	256	7	finance	finance	NOUN
gujaf-425	256	8	,	,	PUNCT
gujaf-425	256	9	vol.6	vol.6	PROPN
gujaf-425	256	10	,	,	PUNCT
gujaf-425	256	11	issue	issue	NOUN
gujaf-425	256	12	2	2	NUM
gujaf-425	256	13	,	,	PUNCT
gujaf-425	256	14	april	april	PROPN
gujaf-425	256	15	,	,	PUNCT
gujaf-425	256	16	2025	2025	NUM
gujaf-425	256	17	223	223	NUM
gujaf-425	256	18	rejected	reject	VERB
gujaf-425	256	19	atthe5%level.this	atthe5%level.this	PRON
gujaf-425	256	20	indicates	indicate	VERB
gujaf-425	256	21	that	that	SCONJ
gujaf-425	256	22	the	the	DET
gujaf-425	256	23	regression	regression	NOUN
gujaf-425	256	24	results	result	NOUN
gujaf-425	256	25	are	be	AUX
gujaf-425	256	26	free	free	ADJ
gujaf-425	256	27	from	from	ADP
gujaf-425	256	28	serial	serial	ADJ
gujaf-425	256	29	or	or	CCONJ
gujaf-425	256	30	autocorrelation	autocorrelation	NOUN
gujaf-425	256	31	issues	issue	NOUN
gujaf-425	256	32	,	,	PUNCT
gujaf-425	256	33	confirming	confirm	VERB
gujaf-425	256	34	the	the	DET
gujaf-425	256	35	reliability	reliability	NOUN
gujaf-425	256	36	of	of	ADP
gujaf-425	256	37	the	the	DET
gujaf-425	256	38	model	model	NOUN
gujaf-425	256	39	's	's	PART
gujaf-425	256	40	residuals	residual	NOUN
gujaf-425	256	41	over	over	ADP
gujaf-425	256	42	beranormalitytest	beranormalitytest	ADJ
gujaf-425	256	43	esultsforallmodelsshowp	esultsforallmodelsshowp	NOUN
gujaf-425	256	44	-	-	PUNCT
gujaf-425	256	45	valuesexceedingthe0.05significancelevel	valuesexceedingthe0.05significancelevel	NOUN
gujaf-425	256	46	,	,	PUNCT
gujaf-425	256	47	indicating	indicate	VERB
gujaf-425	256	48	that	that	SCONJ
gujaf-425	256	49	the	the	DET
gujaf-425	256	50	test	test	NOUN
gujaf-425	256	51	statistics	statistic	NOUN
gujaf-425	256	52	are	be	AUX
gujaf-425	256	53	not	not	PART
gujaf-425	256	54	significant	significant	ADJ
gujaf-425	256	55	.	.	PUNCT
gujaf-425	257	1	consequently	consequently	ADV
gujaf-425	257	2	,	,	PUNCT
gujaf-425	257	3	the	the	DET
gujaf-425	257	4	null	null	ADJ
gujaf-425	257	5	hypothesis	hypothesis	NOUN
gujaf-425	257	6	asserting	assert	VERB
gujaf-425	257	7	that	that	SCONJ
gujaf-425	257	8	the	the	DET
gujaf-425	257	9	residuals	residual	NOUN
gujaf-425	257	10	are	be	AUX
gujaf-425	257	11	normally	normally	ADV
gujaf-425	257	12	distributed	distribute	VERB
gujaf-425	257	13	can	can	AUX
gujaf-425	257	14	not	not	PART
gujaf-425	257	15	be	be	AUX
gujaf-425	257	16	rejected	reject	VERB
gujaf-425	257	17	.	.	PUNCT
gujaf-425	258	1	this	this	PRON
gujaf-425	258	2	confirms	confirm	VERB
gujaf-425	258	3	that	that	SCONJ
gujaf-425	258	4	the	the	DET
gujaf-425	258	5	res	re	NOUN
gujaf-425	258	6	exhibit	exhibit	VERB
gujaf-425	258	7	normal	normal	ADJ
gujaf-425	258	8	distribution	distribution	NOUN
gujaf-425	258	9	,	,	PUNCT
gujaf-425	258	10	thereby	thereby	ADV
gujaf-425	258	11	upholding	uphold	VERB
gujaf-425	258	12	the	the	DET
gujaf-425	258	13	normality	normality	NOUN
gujaf-425	258	14	assumption	assumption	NOUN
gujaf-425	258	15	required	require	VERB
gujaf-425	258	16	in	in	ADP
gujaf-425	258	17	classical	classical	ADJ
gujaf-425	258	18	recommendations	recommendation	NOUN
gujaf-425	258	19	this	this	DET
gujaf-425	258	20	study	study	NOUN
gujaf-425	258	21	confirms	confirm	VERB
gujaf-425	258	22	that	that	SCONJ
gujaf-425	258	23	microfinance	microfinance	NOUN
gujaf-425	258	24	savings	saving	NOUN
gujaf-425	258	25	play	play	VERB
gujaf-425	258	26	a	a	DET
gujaf-425	258	27	vital	vital	ADJ
gujaf-425	258	28	role	role	NOUN
gujaf-425	258	29	in	in	ADP
gujaf-425	258	30	driving	drive	VERB
gujaf-425	258	31	longgrowth	longgrowth	NOUN
gujaf-425	258	32	in	in	ADP
gujaf-425	258	33	nigeria	nigeria	PROPN
gujaf-425	258	34	,	,	PUNCT
gujaf-425	258	35	while	while	SCONJ
gujaf-425	258	36	micro	micro	NOUN
gujaf-425	258	37	-	-	NOUN
gujaf-425	258	38	lending	lending	NOUN
gujaf-425	258	39	and	and	CCONJ
gujaf-425	258	40	investment	investment	NOUN
gujaf-425	258	41	are	be	AUX
gujaf-425	258	42	not	not	PART
gujaf-425	258	43	statistically	statistically	ADV
gujaf-425	258	44	significant	significant	ADJ
gujaf-425	258	45	.	.	PUNCT
gujaf-425	259	1	these	these	DET
gujaf-425	259	2	findings	finding	NOUN
gujaf-425	259	3	suggest	suggest	VERB
gujaf-425	259	4	that	that	SCONJ
gujaf-425	259	5	while	while	SCONJ
gujaf-425	259	6	microfinance	microfinance	NOUN
gujaf-425	259	7	institutions	institution	NOUN
gujaf-425	259	8	are	be	AUX
gujaf-425	259	9	effective	effective	ADJ
gujaf-425	259	10	at	at	ADP
gujaf-425	259	11	mobilizing	mobilize	VERB
gujaf-425	259	12	savings	saving	NOUN
gujaf-425	259	13	,	,	PUNCT
gujaf-425	259	14	the	the	DET
gujaf-425	259	15	credit	credit	NOUN
gujaf-425	259	16	delivery	delivery	NOUN
gujaf-425	259	17	system	system	NOUN
gujaf-425	259	18	may	may	AUX
gujaf-425	259	19	be	be	AUX
gujaf-425	259	20	ineffective	ineffective	ADJ
gujaf-425	259	21	.	.	PUNCT
gujaf-425	260	1	this	this	DET
gujaf-425	260	2	partial	partial	ADJ
gujaf-425	260	3	success	success	NOUN
gujaf-425	260	4	in	in	ADP
gujaf-425	260	5	financial	financial	ADJ
gujaf-425	260	6	intermediation	intermediation	NOUN
gujaf-425	260	7	undermines	undermine	VERB
gujaf-425	260	8	the	the	DET
gujaf-425	260	9	broader	broad	ADJ
gujaf-425	260	10	developmental	developmental	ADJ
gujaf-425	260	11	role	role	NOUN
gujaf-425	260	12	expected	expect	VERB
gujaf-425	260	13	of	of	ADP
gujaf-425	260	14	microfinance	microfinance	NOUN
gujaf-425	260	15	.	.	PUNCT
gujaf-425	261	1	thus	thus	ADV
gujaf-425	261	2	,	,	PUNCT
gujaf-425	261	3	policy	policy	NOUN
gujaf-425	261	4	emphasis	emphasis	NOUN
gujaf-425	261	5	should	should	AUX
gujaf-425	261	6	shift	shift	VERB
gujaf-425	261	7	toward	toward	ADP
gujaf-425	261	8	improving	improve	VERB
gujaf-425	261	9	loan	loan	NOUN
gujaf-425	261	10	targeting	targeting	NOUN
gujaf-425	261	11	,	,	PUNCT
gujaf-425	261	12	monitoring	monitoring	NOUN
gujaf-425	261	13	,	,	PUNCT
gujaf-425	261	14	and	and	CCONJ
gujaf-425	261	15	borrower	borrower	NOUN
gujaf-425	261	16	education	education	NOUN
gujaf-425	261	17	to	to	PART
gujaf-425	261	18	ensure	ensure	VERB
gujaf-425	261	19	that	that	SCONJ
gujaf-425	261	20	loans	loan	NOUN
gujaf-425	261	21	are	be	AUX
gujaf-425	261	22	used	use	VERB
gujaf-425	261	23	for	for	ADP
gujaf-425	261	24	productive	productive	ADJ
gujaf-425	261	25	economic	economic	ADJ
gujaf-425	261	26	activities	activity	NOUN
gujaf-425	261	27	.	.	PUNCT
gujaf-425	262	1	in	in	ADP
gujaf-425	262	2	addition	addition	NOUN
gujaf-425	262	3	,	,	PUNCT
gujaf-425	262	4	the	the	DET
gujaf-425	262	5	central	central	ADJ
gujaf-425	262	6	bank	bank	PROPN
gujaf-425	262	7	of	of	ADP
gujaf-425	262	8	nigeria	nigeria	PROPN
gujaf-425	262	9	(	(	PUNCT
gujaf-425	262	10	cbn	cbn	PROPN
gujaf-425	262	11	)	)	PUNCT
gujaf-425	262	12	and	and	CCONJ
gujaf-425	262	13	related	related	ADJ
gujaf-425	262	14	agencies	agency	NOUN
gujaf-425	262	15	should	should	AUX
gujaf-425	262	16	involve	involve	VERB
gujaf-425	262	17	mfis	mfi	VERB
gujaf-425	262	18	in	in	ADP
gujaf-425	262	19	administering	administer	VERB
gujaf-425	262	20	targeted	target	VERB
gujaf-425	262	21	credit	credit	NOUN
gujaf-425	262	22	schemes	scheme	NOUN
gujaf-425	262	23	(	(	PUNCT
gujaf-425	262	24	e.g.	e.g.	ADV
gujaf-425	262	25	,	,	PUNCT
gujaf-425	262	26	sme	sme	ADJ
gujaf-425	262	27	credit	credit	NOUN
gujaf-425	262	28	guarantee	guarantee	NOUN
gujaf-425	262	29	schemes	scheme	NOUN
gujaf-425	262	30	)	)	PUNCT
gujaf-425	262	31	,	,	PUNCT
gujaf-425	262	32	ensuring	ensure	VERB
gujaf-425	262	33	funds	fund	NOUN
gujaf-425	262	34	reach	reach	VERB
gujaf-425	262	35	grassroots	grassroots	ADJ
gujaf-425	262	36	entrepreneurs	entrepreneur	NOUN
gujaf-425	262	37	.	.	PUNCT
gujaf-425	263	1	y	y	PROPN
gujaf-425	263	2	contributes	contribute	VERB
gujaf-425	263	3	to	to	ADP
gujaf-425	263	4	the	the	DET
gujaf-425	263	5	literature	literature	NOUN
gujaf-425	263	6	by	by	ADP
gujaf-425	263	7	disaggregating	disaggregate	VERB
gujaf-425	263	8	microfinance	microfinance	NOUN
gujaf-425	263	9	activities	activity	NOUN
gujaf-425	263	10	(	(	PUNCT
gujaf-425	263	11	savings	saving	NOUN
gujaf-425	263	12	,	,	PUNCT
gujaf-425	263	13	lending	lending	NOUN
gujaf-425	263	14	,	,	PUNCT
gujaf-425	263	15	investment	investment	NOUN
gujaf-425	263	16	)	)	PUNCT
gujaf-425	263	17	and	and	CCONJ
gujaf-425	263	18	examining	examine	VERB
gujaf-425	263	19	their	their	PRON
gujaf-425	263	20	individual	individual	ADJ
gujaf-425	263	21	effects	effect	NOUN
gujaf-425	263	22	on	on	ADP
gujaf-425	263	23	economic	economic	ADJ
gujaf-425	263	24	growth	growth	NOUN
gujaf-425	263	25	over	over	ADP
gujaf-425	263	26	three	three	NUM
gujaf-425	263	27	decades	decade	NOUN
gujaf-425	263	28	.	.	PUNCT
gujaf-425	264	1	in	in	ADP
gujaf-425	264	2	addition	addition	NOUN
gujaf-425	264	3	,	,	PUNCT
gujaf-425	264	4	it	it	PRON
gujaf-425	264	5	provides	provide	VERB
gujaf-425	264	6	empirical	empirical	ADJ
gujaf-425	264	7	evidence	evidence	NOUN
gujaf-425	264	8	that	that	PRON
gujaf-425	264	9	challenges	challenge	VERB
gujaf-425	264	10	the	the	DET
gujaf-425	264	11	widely	widely	ADV
gujaf-425	264	12	he	he	PRON
gujaf-425	264	13	lending	lending	NOUN
gujaf-425	264	14	is	be	AUX
gujaf-425	264	15	the	the	DET
gujaf-425	264	16	most	most	ADV
gujaf-425	264	17	direct	direct	ADJ
gujaf-425	264	18	channel	channel	NOUN
gujaf-425	264	19	through	through	ADP
gujaf-425	264	20	which	which	PRON
gujaf-425	264	21	microfinance	microfinance	NOUN
gujaf-425	264	22	institutions	institution	NOUN
gujaf-425	264	23	influence	influence	PROPN
gujaf-425	264	24	adnan	adnan	PROPN
gujaf-425	264	25	,	,	PUNCT
gujaf-425	264	26	s.	s.	PROPN
gujaf-425	264	27	a.	a.	PROPN
gujaf-425	264	28	,	,	PUNCT
gujaf-425	264	29	&	&	CCONJ
gujaf-425	264	30	kumar	kumar	PROPN
gujaf-425	264	31	,	,	PUNCT
gujaf-425	264	32	p.	p.	NOUN
gujaf-425	264	33	(	(	PUNCT
gujaf-425	264	34	2021	2021	NUM
gujaf-425	264	35	)	)	PUNCT
gujaf-425	264	36	.	.	PUNCT
gujaf-425	265	1	role	role	NOUN
gujaf-425	265	2	of	of	ADP
gujaf-425	265	3	microfinance	microfinance	NOUN
gujaf-425	265	4	in	in	ADP
gujaf-425	265	5	economic	economic	ADJ
gujaf-425	265	6	development	development	NOUN
gujaf-425	265	7	.	.	PUNCT
gujaf-425	266	1	a	a	DET
gujaf-425	266	2	journal	journal	NOUN
gujaf-425	266	3	of	of	ADP
gujaf-425	266	4	management	management	NOUN
gujaf-425	266	5	sciences	science	NOUN
gujaf-425	266	6	,	,	PUNCT
gujaf-425	266	7	11	11	NUM
gujaf-425	266	8	https://doi.org/10.21567/adhyayan.v11i2.4	https://doi.org/10.21567/adhyayan.v11i2.4	NOUN
gujaf-425	266	9	atthe5%level.this	atthe5%level.this	PRON
gujaf-425	266	10	indicates	indicate	VERB
gujaf-425	266	11	that	that	SCONJ
gujaf-425	266	12	the	the	DET
gujaf-425	266	13	regression	regression	NOUN
gujaf-425	266	14	results	result	NOUN
gujaf-425	266	15	are	be	AUX
gujaf-425	266	16	free	free	ADJ
gujaf-425	266	17	from	from	ADP
gujaf-425	266	18	serial	serial	ADJ
gujaf-425	266	19	or	or	CCONJ
gujaf-425	266	20	autocorrelation	autocorrelation	NOUN
gujaf-425	266	21	issues	issue	NOUN
gujaf-425	266	22	,	,	PUNCT
gujaf-425	266	23	confirming	confirm	VERB
gujaf-425	266	24	the	the	DET
gujaf-425	266	25	reliability	reliability	NOUN
gujaf-425	266	26	of	of	ADP
gujaf-425	266	27	the	the	DET
gujaf-425	266	28	model	model	NOUN
gujaf-425	266	29	's	's	PART
gujaf-425	266	30	residuals	residual	NOUN
gujaf-425	266	31	over	over	ADP
gujaf-425	266	32	valuesexceedingthe0.05significancelevel	valuesexceedingthe0.05significancelevel	NUM
gujaf-425	266	33	,	,	PUNCT
gujaf-425	266	34	indicating	indicate	VERB
gujaf-425	266	35	that	that	SCONJ
gujaf-425	266	36	the	the	DET
gujaf-425	266	37	test	test	NOUN
gujaf-425	266	38	statistics	statistic	NOUN
gujaf-425	266	39	are	be	AUX
gujaf-425	266	40	not	not	PART
gujaf-425	266	41	significant	significant	ADJ
gujaf-425	266	42	.	.	PUNCT
gujaf-425	267	1	consequently	consequently	ADV
gujaf-425	267	2	,	,	PUNCT
gujaf-425	267	3	the	the	DET
gujaf-425	267	4	null	null	ADJ
gujaf-425	267	5	hypothesis	hypothesis	NOUN
gujaf-425	267	6	asserting	assert	VERB
gujaf-425	267	7	that	that	SCONJ
gujaf-425	267	8	the	the	DET
gujaf-425	267	9	residuals	residual	NOUN
gujaf-425	267	10	are	be	AUX
gujaf-425	267	11	normally	normally	ADV
gujaf-425	267	12	distributed	distribute	VERB
gujaf-425	267	13	can	can	AUX
gujaf-425	267	14	not	not	PART
gujaf-425	267	15	be	be	AUX
gujaf-425	267	16	rejected	reject	VERB
gujaf-425	267	17	.	.	PUNCT
gujaf-425	268	1	this	this	PRON
gujaf-425	268	2	confirms	confirm	VERB
gujaf-425	268	3	that	that	SCONJ
gujaf-425	268	4	the	the	DET
gujaf-425	268	5	residuals	residual	NOUN
gujaf-425	268	6	exhibit	exhibit	VERB
gujaf-425	268	7	normal	normal	ADJ
gujaf-425	268	8	distribution	distribution	NOUN
gujaf-425	268	9	,	,	PUNCT
gujaf-425	268	10	thereby	thereby	ADV
gujaf-425	268	11	upholding	uphold	VERB
gujaf-425	268	12	the	the	DET
gujaf-425	268	13	normality	normality	NOUN
gujaf-425	268	14	assumption	assumption	NOUN
gujaf-425	268	15	required	require	VERB
gujaf-425	268	16	in	in	ADP
gujaf-425	268	17	classical	classical	ADJ
gujaf-425	268	18	-term	-term	NOUN
gujaf-425	268	19	economic	economic	ADJ
gujaf-425	268	20	lending	lending	NOUN
gujaf-425	268	21	and	and	CCONJ
gujaf-425	268	22	investment	investment	NOUN
gujaf-425	268	23	are	be	AUX
gujaf-425	268	24	not	not	PART
gujaf-425	268	25	statistically	statistically	ADV
gujaf-425	268	26	significant	significant	ADJ
gujaf-425	268	27	.	.	PUNCT
gujaf-425	269	1	these	these	DET
gujaf-425	269	2	findings	finding	NOUN
gujaf-425	269	3	suggest	suggest	VERB
gujaf-425	269	4	that	that	SCONJ
gujaf-425	269	5	while	while	SCONJ
gujaf-425	269	6	microfinance	microfinance	NOUN
gujaf-425	269	7	institutions	institution	NOUN
gujaf-425	269	8	are	be	AUX
gujaf-425	269	9	effective	effective	ADJ
gujaf-425	269	10	at	at	ADP
gujaf-425	269	11	mobilizing	mobilize	VERB
gujaf-425	269	12	savings	saving	NOUN
gujaf-425	269	13	,	,	PUNCT
gujaf-425	269	14	the	the	DET
gujaf-425	269	15	in	in	ADP
gujaf-425	269	16	financial	financial	ADJ
gujaf-425	269	17	intermediation	intermediation	NOUN
gujaf-425	269	18	undermines	undermine	VERB
gujaf-425	269	19	the	the	DET
gujaf-425	269	20	broader	broad	ADJ
gujaf-425	269	21	developmental	developmental	ADJ
gujaf-425	269	22	role	role	NOUN
gujaf-425	269	23	expected	expect	VERB
gujaf-425	269	24	of	of	ADP
gujaf-425	269	25	microfinance	microfinance	NOUN
gujaf-425	269	26	.	.	PUNCT
gujaf-425	270	1	thus	thus	ADV
gujaf-425	270	2	,	,	PUNCT
gujaf-425	270	3	policy	policy	NOUN
gujaf-425	270	4	emphasis	emphasis	NOUN
gujaf-425	270	5	should	should	AUX
gujaf-425	270	6	shift	shift	VERB
gujaf-425	270	7	toward	toward	ADP
gujaf-425	270	8	improving	improve	VERB
gujaf-425	270	9	loan	loan	NOUN
gujaf-425	270	10	targeting	targeting	NOUN
gujaf-425	270	11	,	,	PUNCT
gujaf-425	270	12	monitoring	monitoring	NOUN
gujaf-425	270	13	,	,	PUNCT
gujaf-425	270	14	and	and	CCONJ
gujaf-425	270	15	borrower	borrower	NOUN
gujaf-425	270	16	education	education	NOUN
gujaf-425	270	17	to	to	PART
gujaf-425	270	18	ensure	ensure	VERB
gujaf-425	270	19	ivities	ivitie	NOUN
gujaf-425	270	20	.	.	PUNCT
gujaf-425	271	1	in	in	ADP
gujaf-425	271	2	addition	addition	NOUN
gujaf-425	271	3	,	,	PUNCT
gujaf-425	271	4	the	the	DET
gujaf-425	271	5	central	central	ADJ
gujaf-425	271	6	bank	bank	PROPN
gujaf-425	271	7	of	of	ADP
gujaf-425	271	8	nigeria	nigeria	PROPN
gujaf-425	271	9	(	(	PUNCT
gujaf-425	271	10	cbn	cbn	PROPN
gujaf-425	271	11	)	)	PUNCT
gujaf-425	271	12	and	and	CCONJ
gujaf-425	271	13	related	related	ADJ
gujaf-425	271	14	agencies	agency	NOUN
gujaf-425	271	15	should	should	AUX
gujaf-425	271	16	involve	involve	VERB
gujaf-425	271	17	mfis	mfi	VERB
gujaf-425	271	18	in	in	ADP
gujaf-425	271	19	administering	administer	VERB
gujaf-425	271	20	targeted	target	VERB
gujaf-425	271	21	credit	credit	NOUN
gujaf-425	271	22	schemes	scheme	NOUN
gujaf-425	271	23	(	(	PUNCT
gujaf-425	271	24	e.g.	e.g.	ADV
gujaf-425	271	25	,	,	PUNCT
gujaf-425	271	26	sme	sme	ADJ
gujaf-425	271	27	credit	credit	NOUN
gujaf-425	271	28	guarantee	guarantee	NOUN
gujaf-425	271	29	schemes	scheme	NOUN
gujaf-425	271	30	)	)	PUNCT
gujaf-425	271	31	,	,	PUNCT
gujaf-425	271	32	ensuring	ensure	VERB
gujaf-425	271	33	funds	fund	NOUN
gujaf-425	271	34	reach	reach	VERB
gujaf-425	271	35	grassroots	grassroots	ADJ
gujaf-425	271	36	entrepreneurs	entrepreneur	NOUN
gujaf-425	271	37	.	.	PUNCT
gujaf-425	272	1	y	y	PROPN
gujaf-425	272	2	contributes	contribute	VERB
gujaf-425	272	3	to	to	ADP
gujaf-425	272	4	the	the	DET
gujaf-425	272	5	literature	literature	NOUN
gujaf-425	272	6	by	by	ADP
gujaf-425	272	7	disaggregating	disaggregate	VERB
gujaf-425	272	8	microfinance	microfinance	NOUN
gujaf-425	272	9	activities	activity	NOUN
gujaf-425	272	10	(	(	PUNCT
gujaf-425	272	11	savings	saving	NOUN
gujaf-425	272	12	,	,	PUNCT
gujaf-425	272	13	lending	lending	NOUN
gujaf-425	272	14	,	,	PUNCT
gujaf-425	272	15	investment	investment	NOUN
gujaf-425	272	16	)	)	PUNCT
gujaf-425	272	17	and	and	CCONJ
gujaf-425	272	18	examining	examine	VERB
gujaf-425	272	19	their	their	PRON
gujaf-425	272	20	individual	individual	ADJ
gujaf-425	272	21	effects	effect	NOUN
gujaf-425	272	22	on	on	ADP
gujaf-425	272	23	economic	economic	ADJ
gujaf-425	272	24	growth	growth	NOUN
gujaf-425	272	25	over	over	ADP
gujaf-425	272	26	three	three	NUM
gujaf-425	272	27	decades	decade	NOUN
gujaf-425	272	28	.	.	PUNCT
gujaf-425	273	1	in	in	ADP
gujaf-425	273	2	addition	addition	NOUN
gujaf-425	273	3	,	,	PUNCT
gujaf-425	273	4	it	it	PRON
gujaf-425	273	5	provides	provide	VERB
gujaf-425	273	6	empirical	empirical	ADJ
gujaf-425	273	7	evidence	evidence	NOUN
gujaf-425	273	8	that	that	PRON
gujaf-425	273	9	challenges	challenge	VERB
gujaf-425	273	10	the	the	DET
gujaf-425	273	11	widely	widely	ADV
gujaf-425	273	12	held	hold	VERB
gujaf-425	273	13	assumption	assumption	NOUN
gujaf-425	273	14	lending	lending	NOUN
gujaf-425	273	15	is	be	AUX
gujaf-425	273	16	the	the	DET
gujaf-425	273	17	most	most	ADV
gujaf-425	273	18	direct	direct	ADJ
gujaf-425	273	19	channel	channel	NOUN
gujaf-425	273	20	through	through	ADP
gujaf-425	273	21	which	which	PRON
gujaf-425	273	22	microfinance	microfinance	NOUN
gujaf-425	273	23	institutions	institution	NOUN
gujaf-425	273	24	influence	influence	PROPN
gujaf-425	273	25	adnan	adnan	PROPN
gujaf-425	273	26	,	,	PUNCT
gujaf-425	273	27	s.	s.	PROPN
gujaf-425	273	28	a.	a.	PROPN
gujaf-425	273	29	,	,	PUNCT
gujaf-425	273	30	&	&	CCONJ
gujaf-425	273	31	kumar	kumar	PROPN
gujaf-425	273	32	,	,	PUNCT
gujaf-425	273	33	p.	p.	NOUN
gujaf-425	273	34	(	(	PUNCT
gujaf-425	273	35	2021	2021	NUM
gujaf-425	273	36	)	)	PUNCT
gujaf-425	273	37	.	.	PUNCT
gujaf-425	274	1	role	role	NOUN
gujaf-425	274	2	of	of	ADP
gujaf-425	274	3	microfinance	microfinance	NOUN
gujaf-425	274	4	in	in	ADP
gujaf-425	274	5	economic	economic	ADJ
gujaf-425	274	6	development	development	NOUN
gujaf-425	274	7	.	.	PUNCT
gujaf-425	275	1	adhyayan	adhyayan	PROPN
gujaf-425	275	2	:	:	PUNCT
gujaf-425	275	3	ences	ence	NOUN
gujaf-425	275	4	,	,	PUNCT
gujaf-425	275	5	11(2	11(2	NUM
gujaf-425	275	6	)	)	PUNCT
gujaf-425	275	7	,	,	PUNCT
gujaf-425	275	8	22	22	NUM
gujaf-425	275	9	–	–	PUNCT
gujaf-425	275	10	gusau	gusau	ADJ
gujaf-425	275	11	journal	journal	NOUN
gujaf-425	275	12	of	of	ADP
gujaf-425	275	13	accounting	accounting	NOUN
gujaf-425	275	14	and	and	CCONJ
gujaf-425	275	15	finance	finance	NOUN
gujaf-425	275	16	,	,	PUNCT
gujaf-425	275	17	vol.6	vol.6	PROPN
gujaf-425	275	18	,	,	PUNCT
gujaf-425	275	19	issue	issue	NOUN
gujaf-425	275	20	2	2	NUM
gujaf-425	275	21	,	,	PUNCT
gujaf-425	275	22	april	april	PROPN
gujaf-425	275	23	,	,	PUNCT
gujaf-425	275	24	2025	2025	NUM
gujaf-425	275	25	224	224	NUM
gujaf-425	275	26	ali	ali	PROPN
gujaf-425	275	27	,	,	PUNCT
gujaf-425	275	28	f.	f.	PROPN
gujaf-425	275	29	h.	h.	PROPN
gujaf-425	275	30	a.	a.	PROPN
gujaf-425	275	31	(	(	PUNCT
gujaf-425	275	32	2023	2023	NUM
gujaf-425	275	33	)	)	PUNCT
gujaf-425	275	34	.	.	PUNCT
gujaf-425	276	1	the	the	DET
gujaf-425	276	2	impact	impact	NOUN
gujaf-425	276	3	of	of	ADP
gujaf-425	276	4	microfinance	microfinance	NOUN
gujaf-425	276	5	on	on	ADP
gujaf-425	276	6	economic	economic	ADJ
gujaf-425	276	7	growth	growth	NOUN
gujaf-425	276	8	in	in	ADP
gujaf-425	276	9	yemen	yemen	PROPN
gujaf-425	276	10	.	.	PUNCT
gujaf-425	277	1	cognizance	cognizance	NOUN
gujaf-425	277	2	journal	journal	PROPN
gujaf-425	277	3	of	of	ADP
gujaf-425	277	4	multidisciplinary	multidisciplinary	ADJ
gujaf-425	277	5	studies	study	NOUN
gujaf-425	277	6	,	,	PUNCT
gujaf-425	277	7	3(6	3(6	NUM
gujaf-425	277	8	)	)	PUNCT
gujaf-425	277	9	,	,	PUNCT
gujaf-425	277	10	31	31	NUM
gujaf-425	277	11	–	–	SYM
gujaf-425	277	12	45	45	NUM
gujaf-425	277	13	.	.	PUNCT
gujaf-425	277	14	https://www.academia.edu/download/103949199/v3i631.pdf	https://www.academia.edu/download/103949199/v3i631.pdf	PROPN
gujaf-425	277	15	amaegberi	amaegberi	NOUN
gujaf-425	277	16	,	,	PUNCT
gujaf-425	277	17	m.	m.	NOUN
gujaf-425	277	18	,	,	PUNCT
gujaf-425	277	19	&	&	CCONJ
gujaf-425	277	20	krokeyi	krokeyi	PROPN
gujaf-425	277	21	,	,	PUNCT
gujaf-425	277	22	w.	w.	PROPN
gujaf-425	277	23	s.	s.	PROPN
gujaf-425	277	24	(	(	PUNCT
gujaf-425	277	25	2023	2023	NUM
gujaf-425	277	26	)	)	PUNCT
gujaf-425	277	27	.	.	PUNCT
gujaf-425	278	1	microfinance	microfinance	NOUN
gujaf-425	278	2	banks	bank	NOUN
gujaf-425	278	3	and	and	CCONJ
gujaf-425	278	4	economic	economic	ADJ
gujaf-425	278	5	growth	growth	NOUN
gujaf-425	278	6	in	in	ADP
gujaf-425	278	7	nigeria	nigeria	PROPN
gujaf-425	278	8	.	.	PUNCT
gujaf-425	279	1	international	international	ADJ
gujaf-425	279	2	journal	journal	PROPN
gujaf-425	279	3	of	of	ADP
gujaf-425	279	4	development	development	NOUN
gujaf-425	279	5	strategies	strategy	NOUN
gujaf-425	279	6	in	in	ADP
gujaf-425	279	7	humanities	humanity	NOUN
gujaf-425	279	8	,	,	PUNCT
gujaf-425	279	9	management	management	NOUN
gujaf-425	279	10	and	and	CCONJ
gujaf-425	279	11	social	social	ADJ
gujaf-425	279	12	sciences	science	NOUN
gujaf-425	279	13	,	,	PUNCT
gujaf-425	279	14	3(1	3(1	NUM
gujaf-425	279	15	)	)	PUNCT
gujaf-425	279	16	,	,	PUNCT
gujaf-425	279	17	45–60	45–60	PROPN
gujaf-425	279	18	.	.	PUNCT
gujaf-425	280	1	https://doi.org/10.48028/iiprds	https://doi.org/10.48028/iiprd	NOUN
gujaf-425	280	2	ananwude	ananwude	VERB
gujaf-425	280	3	,	,	PUNCT
gujaf-425	280	4	a.	a.	PROPN
gujaf-425	280	5	c.	c.	PROPN
gujaf-425	280	6	,	,	PUNCT
gujaf-425	280	7	&	&	CCONJ
gujaf-425	280	8	lateef	lateef	PROPN
gujaf-425	280	9	,	,	PUNCT
gujaf-425	281	1	o.	o.	PROPN
gujaf-425	281	2	(	(	PUNCT
gujaf-425	281	3	2024	2024	NUM
gujaf-425	281	4	)	)	PUNCT
gujaf-425	281	5	.	.	PUNCT
gujaf-425	282	1	effect	effect	NOUN
gujaf-425	282	2	of	of	ADP
gujaf-425	282	3	microfinance	microfinance	NOUN
gujaf-425	282	4	bank	bank	NOUN
gujaf-425	282	5	activities	activity	NOUN
gujaf-425	282	6	on	on	ADP
gujaf-425	282	7	economic	economic	ADJ
gujaf-425	282	8	development	development	NOUN
gujaf-425	282	9	in	in	ADP
gujaf-425	282	10	nigeria	nigeria	PROPN
gujaf-425	282	11	(	(	PUNCT
gujaf-425	282	12	1986–2022	1986–2022	NUM
gujaf-425	282	13	)	)	PUNCT
gujaf-425	282	14	.	.	PUNCT
gujaf-425	283	1	african	african	ADJ
gujaf-425	283	2	banking	banking	NOUN
gujaf-425	283	3	and	and	CCONJ
gujaf-425	283	4	finance	finance	NOUN
gujaf-425	283	5	review	review	NOUN
gujaf-425	283	6	journal	journal	NOUN
gujaf-425	283	7	,	,	PUNCT
gujaf-425	283	8	15(15	15(15	NUM
gujaf-425	283	9	)	)	PUNCT
gujaf-425	283	10	,	,	PUNCT
gujaf-425	283	11	173–187	173–187	NUM
gujaf-425	283	12	.	.	PUNCT
gujaf-425	284	1	http://www.abfrjournal.com/index.php/abfr/article/view/238	http://www.abfrjournal.com/index.php/abfr/article/view/238	PROPN
gujaf-425	284	2	arinzeh	arinzeh	PROPN
gujaf-425	284	3	,	,	PUNCT
gujaf-425	284	4	i.	i.	PROPN
gujaf-425	284	5	f.	f.	PROPN
gujaf-425	284	6	(	(	PUNCT
gujaf-425	284	7	2022	2022	NUM
gujaf-425	284	8	)	)	PUNCT
gujaf-425	284	9	.	.	PUNCT
gujaf-425	285	1	microcredit	microcredit	NOUN
gujaf-425	285	2	loan	loan	NOUN
gujaf-425	285	3	accessibility	accessibility	NOUN
gujaf-425	285	4	and	and	CCONJ
gujaf-425	285	5	its	its	PRON
gujaf-425	285	6	effect	effect	NOUN
gujaf-425	285	7	on	on	ADP
gujaf-425	285	8	the	the	DET
gujaf-425	285	9	performance	performance	NOUN
gujaf-425	285	10	of	of	ADP
gujaf-425	285	11	small	small	ADJ
gujaf-425	285	12	and	and	CCONJ
gujaf-425	285	13	medium	medium	ADJ
gujaf-425	285	14	-	-	PUNCT
gujaf-425	285	15	sized	sized	ADJ
gujaf-425	285	16	enterprises	enterprise	NOUN
gujaf-425	285	17	(	(	PUNCT
gujaf-425	285	18	smes	sme	NOUN
gujaf-425	285	19	)	)	PUNCT
gujaf-425	285	20	in	in	ADP
gujaf-425	285	21	the	the	DET
gujaf-425	285	22	niger	niger	PROPN
gujaf-425	285	23	delta	delta	PROPN
gujaf-425	285	24	region	region	NOUN
gujaf-425	285	25	of	of	ADP
gujaf-425	285	26	nigeria	nigeria	PROPN
gujaf-425	285	27	.	.	PUNCT
gujaf-425	286	1	researchgate	researchgate	NOUN
gujaf-425	286	2	.	.	PUNCT
gujaf-425	287	1	https://www.researchgate.net/publication/366411776	https://www.researchgate.net/publication/366411776	PROPN
gujaf-425	287	2	babalola	babalola	PROPN
gujaf-425	287	3	,	,	PUNCT
gujaf-425	287	4	f.	f.	PROPN
gujaf-425	287	5	i.	i.	PROPN
gujaf-425	287	6	,	,	PUNCT
gujaf-425	287	7	mhlongo	mhlongo	PROPN
gujaf-425	287	8	,	,	PUNCT
gujaf-425	287	9	n.	n.	PROPN
gujaf-425	287	10	z.	z.	PROPN
gujaf-425	287	11	,	,	PUNCT
gujaf-425	287	12	obinyeluaku	obinyeluaku	PROPN
gujaf-425	287	13	,	,	PUNCT
gujaf-425	287	14	m.	m.	NOUN
gujaf-425	287	15	i.	i.	PROPN
gujaf-425	287	16	,	,	PUNCT
gujaf-425	287	17	oladayo	oladayo	PROPN
gujaf-425	287	18	,	,	PUNCT
gujaf-425	287	19	g.	g.	PROPN
gujaf-425	287	20	o.	o.	PROPN
gujaf-425	287	21	,	,	PUNCT
gujaf-425	287	22	&	&	CCONJ
gujaf-425	287	23	daraojimba	daraojimba	PROPN
gujaf-425	287	24	,	,	PUNCT
gujaf-425	287	25	c.	c.	PROPN
gujaf-425	287	26	(	(	PUNCT
gujaf-425	287	27	2023	2023	NUM
gujaf-425	287	28	)	)	PUNCT
gujaf-425	287	29	.	.	PUNCT
gujaf-425	288	1	microfinance	microfinance	NOUN
gujaf-425	288	2	and	and	CCONJ
gujaf-425	288	3	economic	economic	ADJ
gujaf-425	288	4	empowerment	empowerment	NOUN
gujaf-425	288	5	in	in	ADP
gujaf-425	288	6	nigeria	nigeria	PROPN
gujaf-425	288	7	:	:	PUNCT
gujaf-425	288	8	a	a	DET
gujaf-425	288	9	critical	critical	ADJ
gujaf-425	288	10	review	review	NOUN
gujaf-425	288	11	of	of	ADP
gujaf-425	288	12	impact	impact	NOUN
gujaf-425	288	13	and	and	CCONJ
gujaf-425	288	14	sustainability	sustainability	NOUN
gujaf-425	288	15	.	.	PUNCT
gujaf-425	289	1	finance	finance	NOUN
gujaf-425	289	2	&	&	CCONJ
gujaf-425	289	3	accounting	accounting	PROPN
gujaf-425	289	4	research	research	PROPN
gujaf-425	289	5	journal	journal	NOUN
gujaf-425	289	6	,	,	PUNCT
gujaf-425	289	7	5(12	5(12	NUM
gujaf-425	289	8	)	)	PUNCT
gujaf-425	289	9	,	,	PUNCT
gujaf-425	289	10	381	381	NUM
gujaf-425	289	11	–	–	PUNCT
gujaf-425	289	12	404	404	NUM
gujaf-425	289	13	.	.	PUNCT
gujaf-425	290	1	https://www.fepbl.com/index.php/farj/article/view/640	https://www.fepbl.com/index.php/farj/article/view/640	ADJ
gujaf-425	290	2	barguellil	barguellil	NOUN
gujaf-425	290	3	,	,	PUNCT
gujaf-425	290	4	a.	a.	PROPN
gujaf-425	290	5	,	,	PUNCT
gujaf-425	290	6	&	&	CCONJ
gujaf-425	290	7	bettayeb	bettayeb	PROPN
gujaf-425	290	8	,	,	PUNCT
gujaf-425	290	9	l.	l.	PROPN
gujaf-425	290	10	(	(	PUNCT
gujaf-425	290	11	2020	2020	NUM
gujaf-425	290	12	)	)	PUNCT
gujaf-425	290	13	.	.	PUNCT
gujaf-425	291	1	the	the	DET
gujaf-425	291	2	impact	impact	NOUN
gujaf-425	291	3	of	of	ADP
gujaf-425	291	4	microfinance	microfinance	NOUN
gujaf-425	291	5	on	on	ADP
gujaf-425	291	6	economic	economic	ADJ
gujaf-425	291	7	development	development	NOUN
gujaf-425	291	8	:	:	PUNCT
gujaf-425	291	9	the	the	DET
gujaf-425	291	10	case	case	NOUN
gujaf-425	291	11	of	of	ADP
gujaf-425	291	12	tunisia	tunisia	PROPN
gujaf-425	291	13	.	.	PUNCT
gujaf-425	292	1	international	international	ADJ
gujaf-425	292	2	journal	journal	PROPN
gujaf-425	292	3	of	of	ADP
gujaf-425	292	4	economics	economic	NOUN
gujaf-425	292	5	and	and	CCONJ
gujaf-425	292	6	finance	finance	NOUN
gujaf-425	292	7	,	,	PUNCT
gujaf-425	292	8	12(4	12(4	NUM
gujaf-425	292	9	)	)	PUNCT
gujaf-425	292	10	,	,	PUNCT
gujaf-425	292	11	1	1	NUM
gujaf-425	292	12	–	–	SYM
gujaf-425	292	13	43	43	NUM
gujaf-425	292	14	.	.	PUNCT
gujaf-425	293	1	https://pdfs.semanticscholar.org/57bc/0e4e2237184576280ce7f07119dac014a1b2.p	https://pdfs.semanticscholar.org/57bc/0e4e2237184576280ce7f07119dac014a1b2.p	PROPN
gujaf-425	293	2	df	df	PROPN
gujaf-425	293	3	bongomin	bongomin	PROPN
gujaf-425	293	4	,	,	PUNCT
gujaf-425	293	5	g.	g.	PROPN
gujaf-425	293	6	o.	o.	PROPN
gujaf-425	293	7	c.	c.	PROPN
gujaf-425	293	8	,	,	PUNCT
gujaf-425	293	9	yosa	yosa	PROPN
gujaf-425	293	10	,	,	PUNCT
gujaf-425	293	11	f.	f.	PROPN
gujaf-425	293	12	,	,	PUNCT
gujaf-425	293	13	lubega	lubega	PROPN
gujaf-425	293	14	,	,	PUNCT
gujaf-425	293	15	j.	j.	PROPN
gujaf-425	293	16	b.	b.	PROPN
gujaf-425	293	17	y.	y.	PROPN
gujaf-425	293	18	,	,	PUNCT
gujaf-425	293	19	yourougou	yourougou	PROPN
gujaf-425	293	20	,	,	PUNCT
gujaf-425	293	21	p.	p.	NOUN
gujaf-425	293	22	,	,	PUNCT
gujaf-425	293	23	&	&	CCONJ
gujaf-425	293	24	amani	amani	PROPN
gujaf-425	293	25	,	,	PUNCT
gujaf-425	293	26	a.	a.	NOUN
gujaf-425	293	27	m.	m.	NOUN
gujaf-425	293	28	(	(	PUNCT
gujaf-425	293	29	2021	2021	NUM
gujaf-425	293	30	)	)	PUNCT
gujaf-425	293	31	.	.	PUNCT
gujaf-425	294	1	financial	financial	ADJ
gujaf-425	294	2	intermediation	intermediation	NOUN
gujaf-425	294	3	by	by	ADP
gujaf-425	294	4	microfinance	microfinance	NOUN
gujaf-425	294	5	banks	bank	NOUN
gujaf-425	294	6	in	in	ADP
gujaf-425	294	7	rural	rural	ADJ
gujaf-425	294	8	sub	sub	ADJ
gujaf-425	294	9	-	-	ADJ
gujaf-425	294	10	saharan	saharan	ADJ
gujaf-425	294	11	africa	africa	PROPN
gujaf-425	294	12	:	:	PUNCT
gujaf-425	294	13	a	a	DET
gujaf-425	294	14	financial	financial	ADJ
gujaf-425	294	15	intermediation	intermediation	NOUN
gujaf-425	294	16	theoretical	theoretical	ADJ
gujaf-425	294	17	approach	approach	NOUN
gujaf-425	294	18	.	.	PUNCT
gujaf-425	295	1	journal	journal	NOUN
gujaf-425	295	2	of	of	ADP
gujaf-425	295	3	comparative	comparative	ADJ
gujaf-425	295	4	international	international	ADJ
gujaf-425	295	5	management	management	NOUN
gujaf-425	295	6	,	,	PUNCT
gujaf-425	295	7	24(2	24(2	NUM
gujaf-425	295	8	)	)	PUNCT
gujaf-425	295	9	,	,	PUNCT
gujaf-425	295	10	1–27	1–27	PROPN
gujaf-425	295	11	.	.	PUNCT
gujaf-425	295	12	https://www.erudit.org/en/journals/jcim/2021-v24-n2jcim06708/1085565ar/	https://www.erudit.org/en/journals/jcim/2021-v24-n2jcim06708/1085565ar/	PROPN
gujaf-425	295	13	chukwujindum	chukwujindum	PROPN
gujaf-425	295	14	,	,	PUNCT
gujaf-425	295	15	p.	p.	PROPN
gujaf-425	295	16	g.	g.	PROPN
gujaf-425	295	17	,	,	PUNCT
gujaf-425	295	18	&	&	CCONJ
gujaf-425	295	19	kalu	kalu	PROPN
gujaf-425	295	20	,	,	PUNCT
gujaf-425	295	21	e.	e.	PROPN
gujaf-425	295	22	(	(	PUNCT
gujaf-425	295	23	2023	2023	NUM
gujaf-425	295	24	)	)	PUNCT
gujaf-425	295	25	.	.	PUNCT
gujaf-425	296	1	impact	impact	NOUN
gujaf-425	296	2	of	of	ADP
gujaf-425	296	3	microfinance	microfinance	NOUN
gujaf-425	296	4	on	on	ADP
gujaf-425	296	5	the	the	DET
gujaf-425	296	6	growth	growth	NOUN
gujaf-425	296	7	of	of	ADP
gujaf-425	296	8	the	the	DET
gujaf-425	296	9	nigerian	nigerian	ADJ
gujaf-425	296	10	economy	economy	NOUN
gujaf-425	296	11	(	(	PUNCT
gujaf-425	296	12	2000	2000	NUM
gujaf-425	296	13	–	–	PUNCT
gujaf-425	296	14	2020	2020	NUM
gujaf-425	296	15	)	)	PUNCT
gujaf-425	296	16	.	.	PUNCT
gujaf-425	297	1	researchgate	researchgate	NOUN
gujaf-425	297	2	.	.	PUNCT
gujaf-425	298	1	https://www.researchgate.net/publication/374337724	https://www.researchgate.net/publication/374337724	PROPN
gujaf-425	298	2	ehrlich	ehrlich	PROPN
gujaf-425	298	3	,	,	PUNCT
gujaf-425	298	4	i.	i.	PROPN
gujaf-425	298	5	,	,	PUNCT
gujaf-425	298	6	&	&	CCONJ
gujaf-425	298	7	pei	pei	PROPN
gujaf-425	298	8	,	,	PUNCT
gujaf-425	298	9	y.	y.	PROPN
gujaf-425	298	10	(	(	PUNCT
gujaf-425	298	11	2020	2020	NUM
gujaf-425	298	12	)	)	PUNCT
gujaf-425	298	13	.	.	PUNCT
gujaf-425	299	1	human	human	ADJ
gujaf-425	299	2	capital	capital	NOUN
gujaf-425	299	3	as	as	ADP
gujaf-425	299	4	engine	engine	NOUN
gujaf-425	299	5	of	of	ADP
gujaf-425	299	6	growth	growth	NOUN
gujaf-425	299	7	:	:	PUNCT
gujaf-425	299	8	the	the	DET
gujaf-425	299	9	role	role	NOUN
gujaf-425	299	10	of	of	ADP
gujaf-425	299	11	knowledge	knowledge	NOUN
gujaf-425	299	12	transfers	transfer	NOUN
gujaf-425	299	13	in	in	ADP
gujaf-425	299	14	promoting	promote	VERB
gujaf-425	299	15	balanced	balanced	ADJ
gujaf-425	299	16	growth	growth	NOUN
gujaf-425	299	17	within	within	ADP
gujaf-425	299	18	and	and	CCONJ
gujaf-425	299	19	across	across	ADP
gujaf-425	299	20	countries	country	NOUN
gujaf-425	299	21	.	.	PUNCT
gujaf-425	300	1	asian	asian	PROPN
gujaf-425	300	2	development	development	PROPN
gujaf-425	300	3	review	review	PROPN
gujaf-425	300	4	,	,	PUNCT
gujaf-425	300	5	37(2	37(2	PRON
gujaf-425	300	6	)	)	PUNCT
gujaf-425	300	7	,	,	PUNCT
gujaf-425	300	8	225–263	225–263	NUM
gujaf-425	300	9	.	.	PUNCT
gujaf-425	301	1	https://doi.org/10.1162/adev_a_00152	https://doi.org/10.1162/adev_a_00152	ADJ
gujaf-425	301	2	epicoco	epicoco	ADJ
gujaf-425	301	3	,	,	PUNCT
gujaf-425	301	4	m.	m.	NOUN
gujaf-425	301	5	(	(	PUNCT
gujaf-425	301	6	2020	2020	NUM
gujaf-425	301	7	)	)	PUNCT
gujaf-425	301	8	.	.	PUNCT
gujaf-425	302	1	technological	technological	ADJ
gujaf-425	302	2	revolutions	revolution	NOUN
gujaf-425	302	3	and	and	CCONJ
gujaf-425	302	4	economic	economic	ADJ
gujaf-425	302	5	development	development	NOUN
gujaf-425	302	6	:	:	PUNCT
gujaf-425	302	7	endogenous	endogenous	ADJ
gujaf-425	302	8	and	and	CCONJ
gujaf-425	302	9	exogenous	exogenous	ADJ
gujaf-425	302	10	fluctuations	fluctuation	NOUN
gujaf-425	302	11	.	.	PUNCT
gujaf-425	303	1	journal	journal	NOUN
gujaf-425	303	2	of	of	ADP
gujaf-425	303	3	the	the	DET
gujaf-425	303	4	knowledge	knowledge	NOUN
gujaf-425	303	5	economy	economy	NOUN
gujaf-425	303	6	,	,	PUNCT
gujaf-425	303	7	12(3	12(3	NUM
gujaf-425	303	8	)	)	PUNCT
gujaf-425	303	9	,	,	PUNCT
gujaf-425	303	10	1437	1437	NUM
gujaf-425	303	11	–	–	PUNCT
gujaf-425	303	12	1461	1461	NUM
gujaf-425	303	13	.	.	PUNCT
gujaf-425	304	1	https://doi.org/10.1007/s13132-020-00671-z	https://doi.org/10.1007/s13132-020-00671-z	PROPN
gujaf-425	304	2	ezeanyeji	ezeanyeji	NOUN
gujaf-425	304	3	,	,	PUNCT
gujaf-425	304	4	c.	c.	PROPN
gujaf-425	304	5	i.	i.	PROPN
gujaf-425	304	6	,	,	PUNCT
gujaf-425	304	7	usifoh	usifoh	NOUN
gujaf-425	304	8	,	,	PUNCT
gujaf-425	304	9	k.	k.	PROPN
gujaf-425	304	10	s.	s.	PROPN
gujaf-425	304	11	,	,	PUNCT
gujaf-425	304	12	obi	obi	PROPN
gujaf-425	304	13	,	,	PUNCT
gujaf-425	304	14	c.	c.	PROPN
gujaf-425	304	15	o.	o.	PROPN
gujaf-425	304	16	,	,	PUNCT
gujaf-425	304	17	&	&	CCONJ
gujaf-425	304	18	ejefobihi	ejefobihi	PROPN
gujaf-425	304	19	,	,	PUNCT
gujaf-425	304	20	u.	u.	PROPN
gujaf-425	304	21	f.	f.	PROPN
gujaf-425	304	22	(	(	PUNCT
gujaf-425	304	23	2020	2020	NUM
gujaf-425	304	24	)	)	PUNCT
gujaf-425	304	25	.	.	PUNCT
gujaf-425	305	1	microfinancing	microfinancing	NOUN
gujaf-425	305	2	,	,	PUNCT
gujaf-425	305	3	poverty	poverty	NOUN
gujaf-425	305	4	alleviation	alleviation	NOUN
gujaf-425	305	5	and	and	CCONJ
gujaf-425	305	6	nigeria	nigeria	PROPN
gujaf-425	305	7	’s	’s	PART
gujaf-425	305	8	economic	economic	ADJ
gujaf-425	305	9	growth	growth	NOUN
gujaf-425	305	10	:	:	PUNCT
gujaf-425	305	11	the	the	DET
gujaf-425	305	12	nexus	nexus	NOUN
gujaf-425	305	13	.	.	PUNCT
gujaf-425	306	1	european	european	PROPN
gujaf-425	306	2	journal	journal	PROPN
gujaf-425	306	3	of	of	ADP
gujaf-425	306	4	economic	economic	ADJ
gujaf-425	306	5	and	and	CCONJ
gujaf-425	306	6	financial	financial	ADJ
gujaf-425	306	7	research	research	NOUN
gujaf-425	306	8	,	,	PUNCT
gujaf-425	306	9	4(3	4(3	NUM
gujaf-425	306	10	)	)	PUNCT
gujaf-425	306	11	,	,	PUNCT
gujaf-425	306	12	1–15	1–15	NUM
gujaf-425	306	13	.	.	PUNCT
gujaf-425	307	1	https://doi.org/10.5281/zenodo.3947025	https://doi.org/10.5281/zenodo.3947025	NOUN
gujaf-425	307	2	fowowe	fowowe	NOUN
gujaf-425	307	3	,	,	PUNCT
gujaf-425	307	4	a.	a.	PROPN
gujaf-425	307	5	s.	s.	PROPN
gujaf-425	307	6	,	,	PUNCT
gujaf-425	307	7	anifowose	anifowose	PROPN
gujaf-425	307	8	,	,	PUNCT
gujaf-425	307	9	o.	o.	PROPN
gujaf-425	307	10	l.	l.	PROPN
gujaf-425	307	11	,	,	PUNCT
gujaf-425	307	12	akindare	akindare	PROPN
gujaf-425	307	13	,	,	PUNCT
gujaf-425	307	14	s.	s.	PROPN
gujaf-425	307	15	,	,	PUNCT
gujaf-425	307	16	&	&	CCONJ
gujaf-425	307	17	adedeji	adedeji	NOUN
gujaf-425	307	18	,	,	PUNCT
gujaf-425	307	19	o.	o.	NOUN
gujaf-425	307	20	a.	a.	NOUN
gujaf-425	307	21	(	(	PUNCT
gujaf-425	307	22	2022	2022	NUM
gujaf-425	307	23	)	)	PUNCT
gujaf-425	307	24	.	.	PUNCT
gujaf-425	308	1	impact	impact	NOUN
gujaf-425	308	2	of	of	ADP
gujaf-425	308	3	microfinance	microfinance	NOUN
gujaf-425	308	4	banks	bank	NOUN
gujaf-425	308	5	on	on	ADP
gujaf-425	308	6	business	business	NOUN
gujaf-425	308	7	expansion	expansion	NOUN
gujaf-425	308	8	capacity	capacity	NOUN
gujaf-425	308	9	and	and	CCONJ
gujaf-425	308	10	performance	performance	NOUN
gujaf-425	308	11	of	of	ADP
gujaf-425	308	12	women	woman	NOUN
gujaf-425	308	13	food	food	NOUN
gujaf-425	308	14	vendors	vendor	NOUN
gujaf-425	308	15	in	in	ADP
gujaf-425	308	16	futa	futa	PROPN
gujaf-425	308	17	environment	environment	PROPN
gujaf-425	308	18	.	.	PUNCT
gujaf-425	309	1	kiu	kiu	PROPN
gujaf-425	309	2	interdisciplinary	interdisciplinary	ADJ
gujaf-425	309	3	journal	journal	NOUN
gujaf-425	309	4	of	of	ADP
gujaf-425	309	5	humanities	humanity	NOUN
gujaf-425	309	6	and	and	CCONJ
gujaf-425	309	7	social	social	ADJ
gujaf-425	309	8	sciences	science	NOUN
gujaf-425	309	9	,	,	PUNCT
gujaf-425	309	10	3(1	3(1	NUM
gujaf-425	309	11	)	)	PUNCT
gujaf-425	309	12	,	,	PUNCT
gujaf-425	309	13	303–324	303–324	NUM
gujaf-425	309	14	.	.	PUNCT
gujaf-425	310	1	https://www.researchgate.net/publication/361204047	https://www.researchgate.net/publication/361204047	PROPN
gujaf-425	310	2	gusau	gusau	PROPN
gujaf-425	310	3	journal	journal	PROPN
gujaf-425	310	4	of	of	ADP
gujaf-425	310	5	accounting	accounting	NOUN
gujaf-425	310	6	and	and	CCONJ
gujaf-425	310	7	finance	finance	NOUN
gujaf-425	310	8	,	,	PUNCT
gujaf-425	310	9	vol.6	vol.6	PROPN
gujaf-425	310	10	,	,	PUNCT
gujaf-425	310	11	issue	issue	NOUN
gujaf-425	310	12	2	2	NUM
gujaf-425	310	13	,	,	PUNCT
gujaf-425	310	14	april	april	PROPN
gujaf-425	310	15	,	,	PUNCT
gujaf-425	310	16	2025	2025	NUM
gujaf-425	310	17	225	225	NUM
gujaf-425	310	18	godfrey	godfrey	NOUN
gujaf-425	310	19	,	,	PUNCT
gujaf-425	310	20	o.	o.	PROPN
gujaf-425	310	21	u.	u.	PROPN
gujaf-425	310	22	(	(	PUNCT
gujaf-425	310	23	2022	2022	NUM
gujaf-425	310	24	)	)	PUNCT
gujaf-425	310	25	.	.	PUNCT
gujaf-425	311	1	impact	impact	NOUN
gujaf-425	311	2	of	of	ADP
gujaf-425	311	3	microfinance	microfinance	NOUN
gujaf-425	311	4	banks	bank	NOUN
gujaf-425	311	5	on	on	ADP
gujaf-425	311	6	developing	develop	VERB
gujaf-425	311	7	economies	economy	NOUN
gujaf-425	311	8	:	:	PUNCT
gujaf-425	311	9	evidence	evidence	NOUN
gujaf-425	311	10	from	from	ADP
gujaf-425	311	11	nigeria	nigeria	PROPN
gujaf-425	311	12	.	.	PUNCT
gujaf-425	312	1	researchgate	researchgate	NOUN
gujaf-425	312	2	.	.	PUNCT
gujaf-425	313	1	https://www.researchgate.net/publication/360207324	https://www.researchgate.net/publication/360207324	PROPN
gujaf-425	313	2	john	john	PROPN
gujaf-425	313	3	,	,	PUNCT
gujaf-425	313	4	s.	s.	PROPN
gujaf-425	313	5	a.	a.	PROPN
gujaf-425	313	6	,	,	PUNCT
gujaf-425	313	7	&	&	CCONJ
gujaf-425	313	8	lawal	lawal	PROPN
gujaf-425	313	9	,	,	PUNCT
gujaf-425	313	10	r.	r.	PROPN
gujaf-425	313	11	y.	y.	PROPN
gujaf-425	313	12	(	(	PUNCT
gujaf-425	313	13	2019	2019	NUM
gujaf-425	313	14	)	)	PUNCT
gujaf-425	313	15	.	.	PUNCT
gujaf-425	314	1	impact	impact	NOUN
gujaf-425	314	2	of	of	ADP
gujaf-425	314	3	sectoral	sectoral	ADJ
gujaf-425	314	4	allocation	allocation	NOUN
gujaf-425	314	5	of	of	ADP
gujaf-425	314	6	banks	bank	NOUN
gujaf-425	314	7	’	'	PUNCT
gujaf-425	314	8	credit	credit	NOUN
gujaf-425	314	9	on	on	ADP
gujaf-425	314	10	economic	economic	ADJ
gujaf-425	314	11	growth	growth	NOUN
gujaf-425	314	12	in	in	ADP
gujaf-425	314	13	nigeria	nigeria	PROPN
gujaf-425	314	14	.	.	PUNCT
gujaf-425	315	1	international	international	ADJ
gujaf-425	315	2	journal	journal	PROPN
gujaf-425	315	3	of	of	ADP
gujaf-425	315	4	accounting	accounting	PROPN
gujaf-425	315	5	&	&	CCONJ
gujaf-425	315	6	finance	finance	PROPN
gujaf-425	315	7	,	,	PUNCT
gujaf-425	315	8	8(2	8(2	NUM
gujaf-425	315	9	)	)	PUNCT
gujaf-425	315	10	,	,	PUNCT
gujaf-425	315	11	96	96	NUM
gujaf-425	315	12	–	–	SYM
gujaf-425	315	13	113	113	NUM
gujaf-425	315	14	.	.	PUNCT
gujaf-425	316	1	https://ideas.repec.org/a/ris/ijafic/0026.html	https://ideas.repec.org/a/ris/ijafic/0026.html	VERB
gujaf-425	316	2	ketokivi	ketokivi	NOUN
gujaf-425	316	3	,	,	PUNCT
gujaf-425	316	4	m.	m.	NOUN
gujaf-425	316	5	,	,	PUNCT
gujaf-425	316	6	&	&	CCONJ
gujaf-425	316	7	mahoney	mahoney	PROPN
gujaf-425	316	8	,	,	PUNCT
gujaf-425	316	9	j.	j.	PROPN
gujaf-425	316	10	t.	t.	PROPN
gujaf-425	316	11	(	(	PUNCT
gujaf-425	316	12	2020	2020	NUM
gujaf-425	316	13	)	)	PUNCT
gujaf-425	316	14	.	.	PUNCT
gujaf-425	317	1	transaction	transaction	NOUN
gujaf-425	317	2	cost	cost	VERB
gujaf-425	317	3	economics	economic	NOUN
gujaf-425	317	4	as	as	ADP
gujaf-425	317	5	a	a	DET
gujaf-425	317	6	theory	theory	NOUN
gujaf-425	317	7	of	of	ADP
gujaf-425	317	8	supply	supply	NOUN
gujaf-425	317	9	chain	chain	NOUN
gujaf-425	317	10	efficiency	efficiency	NOUN
gujaf-425	317	11	.	.	PUNCT
gujaf-425	318	1	production	production	NOUN
gujaf-425	318	2	and	and	CCONJ
gujaf-425	318	3	operations	operation	NOUN
gujaf-425	318	4	management	management	NOUN
gujaf-425	318	5	,	,	PUNCT
gujaf-425	318	6	29(4	29(4	NOUN
gujaf-425	318	7	)	)	PUNCT
gujaf-425	318	8	,	,	PUNCT
gujaf-425	318	9	1011	1011	NUM
gujaf-425	318	10	–	–	PUNCT
gujaf-425	318	11	1031	1031	NUM
gujaf-425	318	12	.	.	PUNCT
gujaf-425	319	1	https://doi.org/10.1111/poms.13148	https://doi.org/10.1111/poms.13148	PROPN
gujaf-425	319	2	konstantakopoulou	konstantakopoulou	PROPN
gujaf-425	319	3	,	,	PUNCT
gujaf-425	319	4	i.	i.	PROPN
gujaf-425	319	5	(	(	PUNCT
gujaf-425	319	6	2023	2023	NUM
gujaf-425	319	7	)	)	PUNCT
gujaf-425	319	8	.	.	PUNCT
gujaf-425	320	1	financial	financial	ADJ
gujaf-425	320	2	intermediation	intermediation	NOUN
gujaf-425	320	3	,	,	PUNCT
gujaf-425	320	4	economic	economic	ADJ
gujaf-425	320	5	growth	growth	NOUN
gujaf-425	320	6	,	,	PUNCT
gujaf-425	320	7	and	and	CCONJ
gujaf-425	320	8	business	business	NOUN
gujaf-425	320	9	cycles	cycle	NOUN
gujaf-425	320	10	.	.	PUNCT
gujaf-425	321	1	journal	journal	NOUN
gujaf-425	321	2	of	of	ADP
gujaf-425	321	3	risk	risk	NOUN
gujaf-425	321	4	and	and	CCONJ
gujaf-425	321	5	financial	financial	ADJ
gujaf-425	321	6	management	management	NOUN
gujaf-425	321	7	,	,	PUNCT
gujaf-425	321	8	16(12	16(12	NUM
gujaf-425	321	9	)	)	PUNCT
gujaf-425	321	10	,	,	PUNCT
gujaf-425	321	11	514	514	NUM
gujaf-425	321	12	.	.	PUNCT
gujaf-425	322	1	https://doi.org/10.3390/jrfm16120514	https://doi.org/10.3390/jrfm16120514	PROPN
gujaf-425	322	2	mandy	mandy	PROPN
gujaf-425	322	3	,	,	PUNCT
gujaf-425	322	4	b.	b.	PROPN
gujaf-425	322	5	(	(	PUNCT
gujaf-425	322	6	2023	2023	NUM
gujaf-425	322	7	)	)	PUNCT
gujaf-425	322	8	.	.	PUNCT
gujaf-425	323	1	microfinance	microfinance	NOUN
gujaf-425	323	2	impact	impact	NOUN
gujaf-425	323	3	on	on	ADP
gujaf-425	323	4	household	household	NOUN
gujaf-425	323	5	poverty	poverty	NOUN
gujaf-425	323	6	levels	level	NOUN
gujaf-425	323	7	.	.	PUNCT
gujaf-425	324	1	journal	journal	NOUN
gujaf-425	324	2	of	of	ADP
gujaf-425	324	3	poverty	poverty	NOUN
gujaf-425	324	4	,	,	PUNCT
gujaf-425	324	5	investment	investment	NOUN
gujaf-425	324	6	and	and	CCONJ
gujaf-425	324	7	development	development	NOUN
gujaf-425	324	8	,	,	PUNCT
gujaf-425	324	9	8(3	8(3	NUM
gujaf-425	324	10	)	)	PUNCT
gujaf-425	324	11	,	,	PUNCT
gujaf-425	324	12	1–12	1–12	PROPN
gujaf-425	324	13	.	.	PUNCT
gujaf-425	325	1	https://doi.org/10.47604/jpid.2079	https://doi.org/10.47604/jpid.2079	PROPN
gujaf-425	325	2	morduch	morduch	PROPN
gujaf-425	325	3	,	,	PUNCT
gujaf-425	325	4	j.	j.	PROPN
gujaf-425	325	5	(	(	PUNCT
gujaf-425	325	6	2023	2023	NUM
gujaf-425	325	7	)	)	PUNCT
gujaf-425	325	8	.	.	PUNCT
gujaf-425	326	1	rethinking	rethink	VERB
gujaf-425	326	2	poverty	poverty	NOUN
gujaf-425	326	3	,	,	PUNCT
gujaf-425	326	4	household	household	NOUN
gujaf-425	326	5	finance	finance	NOUN
gujaf-425	326	6	,	,	PUNCT
gujaf-425	326	7	and	and	CCONJ
gujaf-425	326	8	microfinance	microfinance	NOUN
gujaf-425	326	9	.	.	PUNCT
gujaf-425	327	1	in	in	ADP
gujaf-425	327	2	handbook	handbook	NOUN
gujaf-425	327	3	of	of	ADP
gujaf-425	327	4	microfinance	microfinance	NOUN
gujaf-425	327	5	(	(	PUNCT
gujaf-425	327	6	pp	pp	ADJ
gujaf-425	327	7	.	.	PUNCT
gujaf-425	327	8	21–40	21–40	NUM
gujaf-425	327	9	)	)	PUNCT
gujaf-425	327	10	.	.	PUNCT
gujaf-425	328	1	edward	edward	PROPN
gujaf-425	328	2	elgar	elgar	PROPN
gujaf-425	328	3	publishing	publishing	PROPN
gujaf-425	328	4	.	.	PUNCT
gujaf-425	329	1	https://doi.org/10.4337/9781789903874.00008	https://doi.org/10.4337/9781789903874.00008	PROPN
gujaf-425	329	2	musa	musa	PROPN
gujaf-425	329	3	,	,	PUNCT
gujaf-425	329	4	a.	a.	NOUN
gujaf-425	329	5	y.	y.	PROPN
gujaf-425	329	6	,	,	PUNCT
gujaf-425	329	7	abdu	abdu	PROPN
gujaf-425	329	8	,	,	PUNCT
gujaf-425	329	9	m.	m.	NOUN
gujaf-425	329	10	,	,	PUNCT
gujaf-425	329	11	&	&	CCONJ
gujaf-425	329	12	jimoh	jimoh	PROPN
gujaf-425	329	13	,	,	PUNCT
gujaf-425	329	14	n.	n.	NOUN
gujaf-425	329	15	(	(	PUNCT
gujaf-425	329	16	2023	2023	NUM
gujaf-425	329	17	)	)	PUNCT
gujaf-425	329	18	.	.	PUNCT
gujaf-425	330	1	micro	micro	NOUN
gujaf-425	330	2	-	-	NOUN
gujaf-425	330	3	savings	saving	NOUN
gujaf-425	330	4	and	and	CCONJ
gujaf-425	330	5	financial	financial	ADJ
gujaf-425	330	6	performance	performance	NOUN
gujaf-425	330	7	of	of	ADP
gujaf-425	330	8	microenterprises	microenterprise	NOUN
gujaf-425	330	9	in	in	ADP
gujaf-425	330	10	kaduna	kaduna	PROPN
gujaf-425	330	11	state	state	PROPN
gujaf-425	330	12	:	:	PUNCT
gujaf-425	330	13	the	the	DET
gujaf-425	330	14	moderating	moderate	VERB
gujaf-425	330	15	effects	effect	NOUN
gujaf-425	330	16	of	of	ADP
gujaf-425	330	17	innovation	innovation	NOUN
gujaf-425	330	18	.	.	PUNCT
gujaf-425	331	1	lapai	lapai	NOUN
gujaf-425	331	2	journal	journal	PROPN
gujaf-425	331	3	of	of	ADP
gujaf-425	331	4	management	management	NOUN
gujaf-425	331	5	science	science	NOUN
gujaf-425	331	6	,	,	PUNCT
gujaf-425	331	7	12(1–2	12(1–2	PROPN
gujaf-425	331	8	)	)	PUNCT
gujaf-425	331	9	,	,	PUNCT
gujaf-425	331	10	14	14	NUM
gujaf-425	331	11	–	–	SYM
gujaf-425	331	12	28	28	NUM
gujaf-425	331	13	.	.	PUNCT
gujaf-425	332	1	https://ojs.ibbujournals.com.ng/index.php/lajomas/article/view/1189	https://ojs.ibbujournals.com.ng/index.php/lajomas/article/view/1189	PROPN
gujaf-425	332	2	ochonogor	ochonogor	PROPN
gujaf-425	332	3	,	,	PUNCT
gujaf-425	332	4	h.	h.	PROPN
gujaf-425	332	5	m.	m.	NOUN
gujaf-425	332	6	(	(	PUNCT
gujaf-425	332	7	2020	2020	NUM
gujaf-425	332	8	)	)	PUNCT
gujaf-425	332	9	.	.	PUNCT
gujaf-425	333	1	microfinance	microfinance	NOUN
gujaf-425	333	2	institutions	institution	NOUN
gujaf-425	333	3	and	and	CCONJ
gujaf-425	333	4	economic	economic	ADJ
gujaf-425	333	5	development	development	NOUN
gujaf-425	333	6	in	in	ADP
gujaf-425	333	7	nigeria	nigeria	PROPN
gujaf-425	333	8	.	.	PUNCT
gujaf-425	334	1	ndic	ndic	ADJ
gujaf-425	334	2	quarterly	quarterly	ADJ
gujaf-425	334	3	,	,	PUNCT
gujaf-425	334	4	35(1	35(1	NUM
gujaf-425	334	5	)	)	PUNCT
gujaf-425	334	6	,	,	PUNCT
gujaf-425	334	7	1–15	1–15	PROPN
gujaf-425	334	8	.	.	PUNCT
gujaf-425	335	1	https://ndic.gov.ng/wpcontent/uploads/2021/01/microfinance-institutions-and-economic-development-innigeria.pdf	https://ndic.gov.ng/wpcontent/uploads/2021/01/microfinance-institutions-and-economic-development-innigeria.pdf	PROPN
gujaf-425	335	2	odeyale	odeyale	PROPN
gujaf-425	335	3	,	,	PUNCT
gujaf-425	335	4	a.	a.	PROPN
gujaf-425	335	5	j.	j.	PROPN
gujaf-425	335	6	,	,	PUNCT
gujaf-425	335	7	&	&	CCONJ
gujaf-425	335	8	ibrahim	ibrahim	PROPN
gujaf-425	335	9	,	,	PUNCT
gujaf-425	335	10	o.	o.	PROPN
gujaf-425	335	11	(	(	PUNCT
gujaf-425	335	12	2024	2024	NUM
gujaf-425	335	13	)	)	PUNCT
gujaf-425	335	14	.	.	PUNCT
gujaf-425	336	1	microfinancing	microfinance	VERB
gujaf-425	336	2	and	and	CCONJ
gujaf-425	336	3	nigerian	nigerian	ADJ
gujaf-425	336	4	economic	economic	ADJ
gujaf-425	336	5	growth	growth	NOUN
gujaf-425	336	6	:	:	PUNCT
gujaf-425	336	7	the	the	DET
gujaf-425	336	8	fully	fully	ADV
gujaf-425	336	9	modified	modified	ADJ
gujaf-425	336	10	least	least	ADJ
gujaf-425	336	11	squares	square	NOUN
gujaf-425	336	12	(	(	PUNCT
gujaf-425	336	13	fmols	fmol	NOUN
gujaf-425	336	14	)	)	PUNCT
gujaf-425	336	15	approach	approach	NOUN
gujaf-425	336	16	.	.	PUNCT
gujaf-425	337	1	akwapoly	akwapoly	PROPN
gujaf-425	337	2	journal	journal	PROPN
gujaf-425	337	3	of	of	ADP
gujaf-425	337	4	communication	communication	NOUN
gujaf-425	337	5	&	&	CCONJ
gujaf-425	337	6	scientific	scientific	ADJ
gujaf-425	337	7	research	research	NOUN
gujaf-425	337	8	,	,	PUNCT
gujaf-425	337	9	8(2	8(2	NUM
gujaf-425	337	10	)	)	PUNCT
gujaf-425	337	11	,	,	PUNCT
gujaf-425	337	12	55	55	NUM
gujaf-425	337	13	–	–	SYM
gujaf-425	337	14	71	71	NUM
gujaf-425	337	15	.	.	PUNCT
gujaf-425	338	1	https://akwapolyjournal.org/index.php/apjocasr/article/view/38	https://akwapolyjournal.org/index.php/apjocasr/article/view/38	PROPN
gujaf-425	338	2	ogiemudia	ogiemudia	VERB
gujaf-425	338	3	,	,	PUNCT
gujaf-425	338	4	o.	o.	PROPN
gujaf-425	338	5	a.	a.	PROPN
gujaf-425	338	6	,	,	PUNCT
gujaf-425	338	7	eghosa	eghosa	PROPN
gujaf-425	338	8	,	,	PUNCT
gujaf-425	338	9	i.	i.	PROPN
gujaf-425	338	10	l.	l.	PROPN
gujaf-425	338	11	,	,	PUNCT
gujaf-425	338	12	&	&	CCONJ
gujaf-425	338	13	airhiavbere	airhiavbere	ADV
gujaf-425	338	14	,	,	PUNCT
gujaf-425	338	15	a.	a.	PROPN
gujaf-425	338	16	s.	s.	PROPN
gujaf-425	338	17	(	(	PUNCT
gujaf-425	338	18	2022	2022	NUM
gujaf-425	338	19	)	)	PUNCT
gujaf-425	338	20	.	.	PUNCT
gujaf-425	339	1	microfinance	microfinance	NOUN
gujaf-425	339	2	banks	bank	NOUN
gujaf-425	339	3	operations	operation	NOUN
gujaf-425	339	4	and	and	CCONJ
gujaf-425	339	5	economic	economic	ADJ
gujaf-425	339	6	development	development	NOUN
gujaf-425	339	7	in	in	ADP
gujaf-425	339	8	nigeria	nigeria	PROPN
gujaf-425	339	9	.	.	PUNCT
gujaf-425	340	1	oradea	oradea	PROPN
gujaf-425	340	2	journal	journal	PROPN
gujaf-425	340	3	of	of	ADP
gujaf-425	340	4	business	business	NOUN
gujaf-425	340	5	and	and	CCONJ
gujaf-425	340	6	economics	economic	NOUN
gujaf-425	340	7	,	,	PUNCT
gujaf-425	340	8	7(2	7(2	NUM
gujaf-425	340	9	)	)	PUNCT
gujaf-425	340	10	,	,	PUNCT
gujaf-425	341	1	75–86	75–86	NUM
gujaf-425	341	2	.	.	PUNCT
gujaf-425	342	1	http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2022/10/ojbe-7275-86.pdf	http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2022/10/ojbe-7275-86.pdf	PROPN
gujaf-425	342	2	onyeiwu	onyeiwu	PROPN
gujaf-425	342	3	,	,	PUNCT
gujaf-425	342	4	c.	c.	NOUN
gujaf-425	342	5	,	,	PUNCT
gujaf-425	342	6	muoneke	muoneke	NOUN
gujaf-425	342	7	,	,	PUNCT
gujaf-425	342	8	o.	o.	PROPN
gujaf-425	342	9	b.	b.	PROPN
gujaf-425	342	10	,	,	PUNCT
gujaf-425	342	11	&	&	CCONJ
gujaf-425	342	12	nkoyo	nkoyo	PROPN
gujaf-425	342	13	,	,	PUNCT
gujaf-425	342	14	u.	u.	PROPN
gujaf-425	342	15	(	(	PUNCT
gujaf-425	342	16	2020	2020	NUM
gujaf-425	342	17	)	)	PUNCT
gujaf-425	342	18	.	.	PUNCT
gujaf-425	343	1	financing	financing	NOUN
gujaf-425	343	2	of	of	ADP
gujaf-425	343	3	small	small	ADJ
gujaf-425	343	4	and	and	CCONJ
gujaf-425	343	5	medium	medium	ADJ
gujaf-425	343	6	scale	scale	NOUN
gujaf-425	343	7	enterprises	enterprise	NOUN
gujaf-425	343	8	and	and	CCONJ
gujaf-425	343	9	its	its	PRON
gujaf-425	343	10	growth	growth	NOUN
gujaf-425	343	11	impact	impact	NOUN
gujaf-425	343	12	in	in	ADP
gujaf-425	343	13	nigeria	nigeria	PROPN
gujaf-425	343	14	.	.	PUNCT
gujaf-425	344	1	the	the	DET
gujaf-425	344	2	journal	journal	NOUN
gujaf-425	344	3	of	of	ADP
gujaf-425	344	4	entrepreneurial	entrepreneurial	ADJ
gujaf-425	344	5	finance	finance	NOUN
gujaf-425	344	6	,	,	PUNCT
gujaf-425	344	7	22(2	22(2	NUM
gujaf-425	344	8	)	)	PUNCT
gujaf-425	344	9	,	,	PUNCT
gujaf-425	344	10	1–19	1–19	NOUN
gujaf-425	344	11	.	.	PUNCT
gujaf-425	345	1	https://doi.org/10.57229/2373-1761.1311	https://doi.org/10.57229/2373-1761.1311	PROPN
gujaf-425	345	2	onyele	onyele	PROPN
gujaf-425	345	3	,	,	PUNCT
gujaf-425	345	4	k.	k.	PROPN
gujaf-425	345	5	o.	o.	PROPN
gujaf-425	345	6	,	,	PUNCT
gujaf-425	345	7	&	&	CCONJ
gujaf-425	345	8	onyekachi	onyekachi	PROPN
gujaf-425	345	9	-	-	PUNCT
gujaf-425	345	10	onyele	onyele	PROPN
gujaf-425	345	11	,	,	PUNCT
gujaf-425	345	12	c.	c.	PROPN
gujaf-425	345	13	(	(	PUNCT
gujaf-425	345	14	2020	2020	NUM
gujaf-425	345	15	)	)	PUNCT
gujaf-425	345	16	.	.	PUNCT
gujaf-425	346	1	the	the	DET
gujaf-425	346	2	effect	effect	NOUN
gujaf-425	346	3	of	of	ADP
gujaf-425	346	4	microfinance	microfinance	NOUN
gujaf-425	346	5	banks	bank	NOUN
gujaf-425	346	6	on	on	ADP
gujaf-425	346	7	poverty	poverty	NOUN
gujaf-425	346	8	reduction	reduction	NOUN
gujaf-425	346	9	in	in	ADP
gujaf-425	346	10	nigeria	nigeria	PROPN
gujaf-425	346	11	.	.	PUNCT
gujaf-425	347	1	management	management	NOUN
gujaf-425	347	2	dynamics	dynamic	NOUN
gujaf-425	347	3	in	in	ADP
gujaf-425	347	4	the	the	DET
gujaf-425	347	5	knowledge	knowledge	NOUN
gujaf-425	347	6	economy	economy	NOUN
gujaf-425	347	7	,	,	PUNCT
gujaf-425	347	8	8(3	8(3	NUM
gujaf-425	347	9	)	)	PUNCT
gujaf-425	347	10	,	,	PUNCT
gujaf-425	347	11	257	257	NUM
gujaf-425	347	12	–	–	PUNCT
gujaf-425	347	13	275	275	NUM
gujaf-425	347	14	.	.	PUNCT
gujaf-425	348	1	https://doi.org/10.2478/mdke-2020-0017	https://doi.org/10.2478/mdke-2020-0017	X
gujaf-425	348	2	otekunrin	otekunrin	PROPN
gujaf-425	348	3	,	,	PUNCT
gujaf-425	348	4	a.	a.	NOUN
gujaf-425	348	5	o.	o.	PROPN
gujaf-425	348	6	,	,	PUNCT
gujaf-425	348	7	kenechukwu	kenechukwu	NOUN
gujaf-425	348	8	,	,	PUNCT
gujaf-425	348	9	o.	o.	PROPN
gujaf-425	348	10	p.	p.	PROPN
gujaf-425	348	11	,	,	PUNCT
gujaf-425	348	12	eluyela	eluyela	PROPN
gujaf-425	348	13	,	,	PUNCT
gujaf-425	348	14	d.	d.	PROPN
gujaf-425	348	15	f.	f.	PROPN
gujaf-425	348	16	,	,	PUNCT
gujaf-425	348	17	john	john	PROPN
gujaf-425	348	18	,	,	PUNCT
gujaf-425	348	19	o.	o.	PROPN
gujaf-425	348	20	n.	n.	PROPN
gujaf-425	348	21	,	,	PUNCT
gujaf-425	348	22	&	&	CCONJ
gujaf-425	348	23	ibrahim	ibrahim	PROPN
gujaf-425	348	24	,	,	PUNCT
gujaf-425	348	25	a.	a.	NOUN
gujaf-425	348	26	(	(	PUNCT
gujaf-425	348	27	2022	2022	NUM
gujaf-425	348	28	)	)	PUNCT
gujaf-425	348	29	.	.	PUNCT
gujaf-425	349	1	do	do	AUX
gujaf-425	349	2	microfinance	microfinance	NOUN
gujaf-425	349	3	banks	bank	NOUN
gujaf-425	349	4	’	'	PUNCT
gujaf-425	349	5	activities	activity	NOUN
gujaf-425	349	6	affect	affect	VERB
gujaf-425	349	7	nigeria	nigeria	PROPN
gujaf-425	349	8	’s	’s	PART
gujaf-425	349	9	economic	economic	ADJ
gujaf-425	349	10	development	development	NOUN
gujaf-425	349	11	?	?	PUNCT
gujaf-425	350	1	banks	bank	NOUN
gujaf-425	350	2	and	and	CCONJ
gujaf-425	350	3	bank	bank	NOUN
gujaf-425	350	4	systems	system	NOUN
gujaf-425	350	5	,	,	PUNCT
gujaf-425	350	6	17(2	17(2	NUM
gujaf-425	350	7	)	)	PUNCT
gujaf-425	350	8	,	,	PUNCT
gujaf-425	350	9	1–12	1–12	PROPN
gujaf-425	350	10	.	.	PUNCT
gujaf-425	350	11	https://doi.org/10.21511/bbs.17(2).2022.01	https://doi.org/10.21511/bbs.17(2).2022.01	PUNCT
gujaf-425	351	1	gusau	gusau	PROPN
gujaf-425	351	2	journal	journal	PROPN
gujaf-425	351	3	of	of	ADP
gujaf-425	351	4	accounting	accounting	NOUN
gujaf-425	351	5	and	and	CCONJ
gujaf-425	351	6	finance	finance	NOUN
gujaf-425	351	7	,	,	PUNCT
gujaf-425	351	8	vol.6	vol.6	PROPN
gujaf-425	351	9	,	,	PUNCT
gujaf-425	351	10	issue	issue	NOUN
gujaf-425	351	11	2	2	NUM
gujaf-425	351	12	,	,	PUNCT
gujaf-425	351	13	april	april	PROPN
gujaf-425	351	14	,	,	PUNCT
gujaf-425	351	15	2025	2025	NUM
gujaf-425	351	16	226	226	NUM
gujaf-425	351	17	oteng	oteng	NOUN
gujaf-425	351	18	-	-	PUNCT
gujaf-425	351	19	abayie	abayie	PROPN
gujaf-425	351	20	,	,	PUNCT
gujaf-425	351	21	e.	e.	PROPN
gujaf-425	351	22	f.	f.	PROPN
gujaf-425	351	23	,	,	PUNCT
gujaf-425	351	24	amanor	amanor	PROPN
gujaf-425	351	25	,	,	PUNCT
gujaf-425	351	26	k.	k.	PROPN
gujaf-425	351	27	,	,	PUNCT
gujaf-425	351	28	&	&	CCONJ
gujaf-425	351	29	osei	osei	PROPN
gujaf-425	351	30	-	-	PUNCT
gujaf-425	351	31	fosu	fosu	PROPN
gujaf-425	351	32	,	,	PUNCT
gujaf-425	351	33	a.	a.	PROPN
gujaf-425	351	34	k.	k.	PROPN
gujaf-425	351	35	(	(	PUNCT
gujaf-425	351	36	2022	2022	NUM
gujaf-425	351	37	)	)	PUNCT
gujaf-425	351	38	.	.	PUNCT
gujaf-425	352	1	spatial	spatial	ADJ
gujaf-425	352	2	analysis	analysis	NOUN
gujaf-425	352	3	of	of	ADP
gujaf-425	352	4	the	the	DET
gujaf-425	352	5	effect	effect	NOUN
gujaf-425	352	6	of	of	ADP
gujaf-425	352	7	microfinance	microfinance	NOUN
gujaf-425	352	8	on	on	ADP
gujaf-425	352	9	poverty	poverty	NOUN
gujaf-425	352	10	and	and	CCONJ
gujaf-425	352	11	inequality	inequality	NOUN
gujaf-425	352	12	in	in	ADP
gujaf-425	352	13	ghana	ghana	PROPN
gujaf-425	352	14	.	.	PUNCT
gujaf-425	353	1	journal	journal	PROPN
gujaf-425	353	2	of	of	ADP
gujaf-425	353	3	social	social	ADJ
gujaf-425	353	4	and	and	CCONJ
gujaf-425	353	5	economic	economic	ADJ
gujaf-425	353	6	development	development	NOUN
gujaf-425	353	7	,	,	PUNCT
gujaf-425	353	8	25(1	25(1	NUM
gujaf-425	353	9	)	)	PUNCT
gujaf-425	353	10	,	,	PUNCT
gujaf-425	353	11	196–231	196–231	NUM
gujaf-425	353	12	.	.	PUNCT
gujaf-425	354	1	https://doi.org/10.1007/s40847-022-00210-3	https://doi.org/10.1007/s40847-022-00210-3	NUM
gujaf-425	354	2	ratnawati	ratnawati	PROPN
gujaf-425	354	3	,	,	PUNCT
gujaf-425	354	4	k.	k.	PROPN
gujaf-425	354	5	(	(	PUNCT
gujaf-425	354	6	2020	2020	NUM
gujaf-425	354	7	)	)	PUNCT
gujaf-425	354	8	.	.	PUNCT
gujaf-425	355	1	the	the	DET
gujaf-425	355	2	influence	influence	NOUN
gujaf-425	355	3	of	of	ADP
gujaf-425	355	4	financial	financial	ADJ
gujaf-425	355	5	inclusion	inclusion	NOUN
gujaf-425	355	6	on	on	ADP
gujaf-425	355	7	msmes	msme	NOUN
gujaf-425	355	8	’	’	PART
gujaf-425	355	9	performance	performance	NOUN
gujaf-425	355	10	through	through	ADP
gujaf-425	355	11	financial	financial	ADJ
gujaf-425	355	12	intermediation	intermediation	NOUN
gujaf-425	355	13	and	and	CCONJ
gujaf-425	355	14	access	access	NOUN
gujaf-425	355	15	to	to	ADP
gujaf-425	355	16	capital	capital	NOUN
gujaf-425	355	17	.	.	PUNCT
gujaf-425	356	1	journal	journal	PROPN
gujaf-425	356	2	of	of	ADP
gujaf-425	356	3	asian	asian	ADJ
gujaf-425	356	4	finance	finance	NOUN
gujaf-425	356	5	,	,	PUNCT
gujaf-425	356	6	economics	economic	NOUN
gujaf-425	356	7	and	and	CCONJ
gujaf-425	356	8	business	business	NOUN
gujaf-425	356	9	,	,	PUNCT
gujaf-425	356	10	7(11	7(11	NUM
gujaf-425	356	11	)	)	PUNCT
gujaf-425	356	12	,	,	PUNCT
gujaf-425	356	13	205–218	205–218	NUM
gujaf-425	356	14	.	.	PUNCT
gujaf-425	356	15	https://doi.org/10.13106/jafeb.2020.vol7.no11.205	https://doi.org/10.13106/jafeb.2020.vol7.no11.205	PROPN
gujaf-425	356	16	sun	sun	PROPN
gujaf-425	356	17	,	,	PUNCT
gujaf-425	356	18	y.	y.	PROPN
gujaf-425	356	19	,	,	PUNCT
gujaf-425	356	20	&	&	CCONJ
gujaf-425	356	21	chang	chang	PROPN
gujaf-425	356	22	,	,	PUNCT
gujaf-425	356	23	y.	y.	PROPN
gujaf-425	356	24	(	(	PUNCT
gujaf-425	356	25	2020	2020	NUM
gujaf-425	356	26	)	)	PUNCT
gujaf-425	356	27	.	.	PUNCT
gujaf-425	357	1	trade	trade	NOUN
gujaf-425	357	2	and	and	CCONJ
gujaf-425	357	3	poverty	poverty	NOUN
gujaf-425	357	4	in	in	ADP
gujaf-425	357	5	developing	develop	VERB
gujaf-425	357	6	countries	country	NOUN
gujaf-425	357	7	:	:	PUNCT
gujaf-425	357	8	beyond	beyond	ADP
gujaf-425	357	9	assumptions	assumption	NOUN
gujaf-425	357	10	to	to	ADP
gujaf-425	357	11	nuanced	nuanced	ADJ
gujaf-425	357	12	understanding	understanding	NOUN
gujaf-425	357	13	.	.	PUNCT
gujaf-425	358	1	journal	journal	NOUN
gujaf-425	358	2	of	of	ADP
gujaf-425	358	3	business	business	NOUN
gujaf-425	358	4	and	and	CCONJ
gujaf-425	358	5	economic	economic	ADJ
gujaf-425	358	6	options	option	NOUN
gujaf-425	358	7	,	,	PUNCT
gujaf-425	358	8	3(4	3(4	NUM
gujaf-425	358	9	)	)	PUNCT
gujaf-425	358	10	,	,	PUNCT
gujaf-425	358	11	167–175	167–175	NUM
gujaf-425	358	12	.	.	PUNCT
gujaf-425	359	1	zeb	zeb	PROPN
gujaf-425	359	2	,	,	PUNCT
gujaf-425	359	3	n.	n.	PROPN
gujaf-425	359	4	,	,	PUNCT
gujaf-425	359	5	jalal	jalal	PROPN
gujaf-425	359	6	,	,	PUNCT
gujaf-425	359	7	r.	r.	PROPN
gujaf-425	359	8	n.	n.	PROPN
gujaf-425	359	9	,	,	PUNCT
gujaf-425	359	10	fayyaz	fayyaz	NOUN
gujaf-425	359	11	,	,	PUNCT
gujaf-425	359	12	u.	u.	PROPN
gujaf-425	359	13	,	,	PUNCT
gujaf-425	359	14	&	&	CCONJ
gujaf-425	359	15	zaheer	zaheer	PROPN
gujaf-425	359	16	,	,	PUNCT
gujaf-425	359	17	m.	m.	NOUN
gujaf-425	359	18	a.	a.	NOUN
gujaf-425	359	19	(	(	PUNCT
gujaf-425	359	20	2021	2021	NUM
gujaf-425	359	21	)	)	PUNCT
gujaf-425	359	22	.	.	PUNCT
gujaf-425	360	1	microfinance	microfinance	NOUN
gujaf-425	360	2	and	and	CCONJ
gujaf-425	360	3	economic	economic	ADJ
gujaf-425	360	4	development	development	NOUN
gujaf-425	360	5	:	:	PUNCT
gujaf-425	360	6	the	the	DET
gujaf-425	360	7	role	role	NOUN
gujaf-425	360	8	of	of	ADP
gujaf-425	360	9	microfinance	microfinance	NOUN
gujaf-425	360	10	institutions	institution	NOUN
gujaf-425	360	11	’	'	PUNCT
gujaf-425	360	12	outreach	outreach	NOUN
gujaf-425	360	13	in	in	ADP
gujaf-425	360	14	pakistan	pakistan	PROPN
gujaf-425	360	15	.	.	PUNCT
gujaf-425	361	1	journal	journal	PROPN
gujaf-425	361	2	of	of	ADP
gujaf-425	361	3	asian	asian	ADJ
gujaf-425	361	4	finance	finance	NOUN
gujaf-425	361	5	,	,	PUNCT
gujaf-425	361	6	economics	economic	NOUN
gujaf-425	361	7	and	and	CCONJ
gujaf-425	361	8	business	business	NOUN
gujaf-425	361	9	,	,	PUNCT
gujaf-425	361	10	8(5	8(5	NUM
gujaf-425	361	11	)	)	PUNCT
gujaf-425	361	12	,	,	PUNCT
gujaf-425	361	13	117	117	NUM
gujaf-425	361	14	–	–	SYM
gujaf-425	361	15	126	126	NUM
gujaf-425	361	16	.	.	PUNCT
gujaf-425	362	1	https://doi.org/10.13106/jafeb.2021.vol8.no5.0117	https://doi.org/10.13106/jafeb.2021.vol8.no5.0117	X