id	sid	tid	token	lemma	pos
gujaf-82	1	1	gusau	gusau	PROPN
gujaf-82	1	2	journal	journal	NOUN
gujaf-82	1	3	of	of	ADP
gujaf-82	1	4	accounting	accounting	NOUN
gujaf-82	1	5	and	and	CCONJ
gujaf-82	1	6	finance	finance	NOUN
gujaf-82	1	7	,	,	PUNCT
gujaf-82	1	8	vol	vol	NOUN
gujaf-82	1	9	.	.	PROPN
gujaf-82	1	10	2	2	NUM
gujaf-82	1	11	,	,	PUNCT
gujaf-82	1	12	issue	issue	NOUN
gujaf-82	1	13	2	2	NUM
gujaf-82	1	14	,	,	PUNCT
gujaf-82	1	15	april	april	PROPN
gujaf-82	1	16	,	,	PUNCT
gujaf-82	1	17	2021	2021	NUM
gujaf-82	1	18	1	1	NUM
gujaf-82	1	19	gusau	gusau	ADJ
gujaf-82	1	20	journal	journal	NOUN
gujaf-82	1	21	of	of	ADP
gujaf-82	1	22	accounting	accounting	NOUN
gujaf-82	1	23	and	and	CCONJ
gujaf-82	1	24	finance	finance	NOUN
gujaf-82	1	25	(	(	PUNCT
gujaf-82	1	26	gujaf	gujaf	NOUN
gujaf-82	1	27	)	)	PUNCT
gujaf-82	1	28	vol	vol	NOUN
gujaf-82	1	29	.	.	NOUN
gujaf-82	1	30	2	2	NUM
gujaf-82	1	31	issue	issue	NOUN
gujaf-82	1	32	2	2	NUM
gujaf-82	1	33	april	april	PROPN
gujaf-82	1	34	,	,	PUNCT
gujaf-82	1	35	2021	2021	NUM
gujaf-82	1	36	issn	issn	X
gujaf-82	1	37	:	:	PUNCT
gujaf-82	1	38	2756	2756	NUM
gujaf-82	1	39	-	-	PUNCT
gujaf-82	1	40	665x	665x	NOUN
gujaf-82	1	41	a	a	DET
gujaf-82	1	42	publication	publication	NOUN
gujaf-82	1	43	of	of	ADP
gujaf-82	1	44	department	department	NOUN
gujaf-82	1	45	of	of	ADP
gujaf-82	1	46	accounting	accounting	NOUN
gujaf-82	1	47	and	and	CCONJ
gujaf-82	1	48	finance	finance	NOUN
gujaf-82	1	49	,	,	PUNCT
gujaf-82	1	50	faculty	faculty	NOUN
gujaf-82	1	51	of	of	ADP
gujaf-82	1	52	management	management	NOUN
gujaf-82	1	53	and	and	CCONJ
gujaf-82	1	54	social	social	ADJ
gujaf-82	1	55	sciences	science	NOUN
gujaf-82	1	56	,	,	PUNCT
gujaf-82	1	57	federal	federal	ADJ
gujaf-82	1	58	university	university	NOUN
gujaf-82	1	59	gusau	gusau	NOUN
gujaf-82	1	60	,	,	PUNCT
gujaf-82	1	61	zamfara	zamfara	PROPN
gujaf-82	1	62	state	state	PROPN
gujaf-82	1	63	–	–	PUNCT
gujaf-82	1	64	nigeria	nigeria	PROPN
gujaf-82	1	65	gusau	gusau	PROPN
gujaf-82	1	66	journal	journal	PROPN
gujaf-82	1	67	of	of	ADP
gujaf-82	1	68	accounting	accounting	NOUN
gujaf-82	1	69	and	and	CCONJ
gujaf-82	1	70	finance	finance	NOUN
gujaf-82	1	71	,	,	PUNCT
gujaf-82	1	72	vol	vol	NOUN
gujaf-82	1	73	.	.	PROPN
gujaf-82	1	74	2	2	NUM
gujaf-82	1	75	,	,	PUNCT
gujaf-82	1	76	issue	issue	NOUN
gujaf-82	1	77	2	2	NUM
gujaf-82	1	78	,	,	PUNCT
gujaf-82	1	79	april	april	PROPN
gujaf-82	1	80	,	,	PUNCT
gujaf-82	1	81	2021	2021	NUM
gujaf-82	1	82	2	2	NUM
gujaf-82	1	83	financial	financial	ADJ
gujaf-82	1	84	deepening	deepening	NOUN
gujaf-82	1	85	,	,	PUNCT
gujaf-82	1	86	stock	stock	NOUN
gujaf-82	1	87	market	market	NOUN
gujaf-82	1	88	returns	return	NOUN
gujaf-82	1	89	and	and	CCONJ
gujaf-82	1	90	liquidity	liquidity	NOUN
gujaf-82	1	91	management	management	NOUN
gujaf-82	1	92	in	in	ADP
gujaf-82	1	93	nigeria	nigeria	PROPN
gujaf-82	1	94	gbenga	gbenga	PROPN
gujaf-82	1	95	festus	festus	PROPN
gujaf-82	1	96	babarinde	babarinde	PROPN
gujaf-82	1	97	department	department	PROPN
gujaf-82	1	98	of	of	ADP
gujaf-82	1	99	banking	banking	NOUN
gujaf-82	1	100	and	and	CCONJ
gujaf-82	1	101	finance	finance	PROPN
gujaf-82	1	102	modibbo	modibbo	PROPN
gujaf-82	1	103	adama	adama	PROPN
gujaf-82	1	104	university	university	PROPN
gujaf-82	1	105	,	,	PUNCT
gujaf-82	1	106	yola	yola	PROPN
gujaf-82	1	107	,	,	PUNCT
gujaf-82	1	108	nigeria	nigeria	PROPN
gujaf-82	2	1	liftedfgb@gmail.com	liftedfgb@gmail.com	PROPN
gujaf-82	2	2	kenneth	kenneth	PROPN
gujaf-82	2	3	ogbeide	ogbeide	PROPN
gujaf-82	2	4	enoruwa	enoruwa	PROPN
gujaf-82	2	5	department	department	PROPN
gujaf-82	2	6	of	of	ADP
gujaf-82	2	7	banking	banking	NOUN
gujaf-82	2	8	and	and	CCONJ
gujaf-82	2	9	finance	finance	PROPN
gujaf-82	2	10	university	university	PROPN
gujaf-82	2	11	of	of	ADP
gujaf-82	2	12	nigeria	nigeria	PROPN
gujaf-82	2	13	,	,	PUNCT
gujaf-82	2	14	enugu	enugu	PROPN
gujaf-82	2	15	campus	campus	PROPN
gujaf-82	2	16	,	,	PUNCT
gujaf-82	2	17	nigeria	nigeria	PROPN
gujaf-82	2	18	.	.	PUNCT
gujaf-82	3	1	kennethenoruwa@gmail.com	kennethenoruwa@gmail.com	X
gujaf-82	4	1	abstract	abstract	ADJ
gujaf-82	4	2	the	the	DET
gujaf-82	4	3	capital	capital	NOUN
gujaf-82	4	4	market	market	NOUN
gujaf-82	4	5	is	be	AUX
gujaf-82	4	6	an	an	DET
gujaf-82	4	7	engine	engine	NOUN
gujaf-82	4	8	room	room	NOUN
gujaf-82	4	9	of	of	ADP
gujaf-82	4	10	economic	economic	ADJ
gujaf-82	4	11	growth	growth	NOUN
gujaf-82	4	12	but	but	CCONJ
gujaf-82	4	13	the	the	DET
gujaf-82	4	14	extent	extent	NOUN
gujaf-82	4	15	to	to	PART
gujaf-82	4	16	which	which	PRON
gujaf-82	4	17	financial	financial	ADJ
gujaf-82	4	18	deepening	deepening	NOUN
gujaf-82	4	19	influences	influence	NOUN
gujaf-82	4	20	this	this	DET
gujaf-82	4	21	institution	institution	NOUN
gujaf-82	4	22	(	(	PUNCT
gujaf-82	4	23	capital	capital	NOUN
gujaf-82	4	24	market	market	NOUN
gujaf-82	4	25	)	)	PUNCT
gujaf-82	4	26	that	that	PRON
gujaf-82	4	27	spur	spur	VERB
gujaf-82	4	28	economic	economic	ADJ
gujaf-82	4	29	advancement	advancement	NOUN
gujaf-82	4	30	of	of	ADP
gujaf-82	4	31	the	the	DET
gujaf-82	4	32	country	country	NOUN
gujaf-82	4	33	is	be	AUX
gujaf-82	4	34	still	still	ADV
gujaf-82	4	35	blurred	blur	VERB
gujaf-82	4	36	and	and	CCONJ
gujaf-82	4	37	subject	subject	ADJ
gujaf-82	4	38	to	to	ADP
gujaf-82	4	39	debate	debate	NOUN
gujaf-82	4	40	among	among	ADP
gujaf-82	4	41	researchers	researcher	NOUN
gujaf-82	4	42	.	.	PUNCT
gujaf-82	5	1	therefore	therefore	ADV
gujaf-82	5	2	,	,	PUNCT
gujaf-82	5	3	this	this	DET
gujaf-82	5	4	study	study	NOUN
gujaf-82	5	5	investigates	investigate	VERB
gujaf-82	5	6	the	the	DET
gujaf-82	5	7	causal	causal	ADJ
gujaf-82	5	8	relationship	relationship	NOUN
gujaf-82	5	9	and	and	CCONJ
gujaf-82	5	10	impact	impact	NOUN
gujaf-82	5	11	of	of	ADP
gujaf-82	5	12	three	three	NUM
gujaf-82	5	13	financial	financial	ADJ
gujaf-82	5	14	deepening	deepening	NOUN
gujaf-82	5	15	indicators	indicator	NOUN
gujaf-82	5	16	on	on	ADP
gujaf-82	5	17	stock	stock	NOUN
gujaf-82	5	18	market	market	NOUN
gujaf-82	5	19	returns	return	NOUN
gujaf-82	5	20	and	and	CCONJ
gujaf-82	5	21	liquidity	liquidity	NOUN
gujaf-82	5	22	in	in	ADP
gujaf-82	5	23	nigeria	nigeria	PROPN
gujaf-82	5	24	for	for	ADP
gujaf-82	5	25	the	the	DET
gujaf-82	5	26	period	period	NOUN
gujaf-82	5	27	1985	1985	NUM
gujaf-82	5	28	-	-	SYM
gujaf-82	5	29	2018	2018	NUM
gujaf-82	5	30	.	.	PUNCT
gujaf-82	6	1	the	the	DET
gujaf-82	6	2	study	study	NOUN
gujaf-82	6	3	adopts	adopt	VERB
gujaf-82	6	4	correlational	correlational	ADJ
gujaf-82	6	5	research	research	NOUN
gujaf-82	6	6	design	design	NOUN
gujaf-82	6	7	and	and	CCONJ
gujaf-82	6	8	obtains	obtain	VERB
gujaf-82	6	9	secondary	secondary	ADJ
gujaf-82	6	10	annual	annual	ADJ
gujaf-82	6	11	time	time	NOUN
gujaf-82	6	12	series	series	PROPN
gujaf-82	6	13	data	datum	NOUN
gujaf-82	6	14	from	from	ADP
gujaf-82	6	15	the	the	DET
gujaf-82	6	16	central	central	ADJ
gujaf-82	6	17	bank	bank	PROPN
gujaf-82	6	18	of	of	ADP
gujaf-82	6	19	nigeria	nigeria	PROPN
gujaf-82	6	20	statistical	statistical	ADJ
gujaf-82	6	21	bulletin	bulletin	NOUN
gujaf-82	6	22	.	.	PUNCT
gujaf-82	7	1	the	the	DET
gujaf-82	7	2	two	two	NUM
gujaf-82	7	3	-	-	PUNCT
gujaf-82	7	4	stage	stage	NOUN
gujaf-82	7	5	least	least	ADJ
gujaf-82	7	6	squares	square	NOUN
gujaf-82	7	7	regression	regression	NOUN
gujaf-82	7	8	and	and	CCONJ
gujaf-82	7	9	pairwise	pairwise	PROPN
gujaf-82	7	10	granger	granger	PROPN
gujaf-82	7	11	causality	causality	PROPN
gujaf-82	7	12	test	test	NOUN
gujaf-82	7	13	are	be	AUX
gujaf-82	7	14	methods	method	NOUN
gujaf-82	7	15	of	of	ADP
gujaf-82	7	16	data	datum	NOUN
gujaf-82	7	17	analysis	analysis	NOUN
gujaf-82	7	18	used	use	VERB
gujaf-82	7	19	.	.	PUNCT
gujaf-82	8	1	findings	finding	NOUN
gujaf-82	8	2	reveal	reveal	VERB
gujaf-82	8	3	that	that	SCONJ
gujaf-82	8	4	financial	financial	ADJ
gujaf-82	8	5	deepening	deepening	NOUN
gujaf-82	8	6	indicators	indicator	NOUN
gujaf-82	8	7	-	-	PUNCT
gujaf-82	8	8	the	the	DET
gujaf-82	8	9	ratio	ratio	NOUN
gujaf-82	8	10	of	of	ADP
gujaf-82	8	11	money	money	NOUN
gujaf-82	8	12	supply	supply	NOUN
gujaf-82	8	13	to	to	ADP
gujaf-82	8	14	gross	gross	ADJ
gujaf-82	8	15	domestic	domestic	ADJ
gujaf-82	8	16	product	product	NOUN
gujaf-82	8	17	,	,	PUNCT
gujaf-82	8	18	and	and	CCONJ
gujaf-82	8	19	market	market	NOUN
gujaf-82	8	20	capitalization	capitalization	NOUN
gujaf-82	8	21	as	as	ADP
gujaf-82	8	22	a	a	DET
gujaf-82	8	23	ratio	ratio	NOUN
gujaf-82	8	24	of	of	ADP
gujaf-82	8	25	gross	gross	ADJ
gujaf-82	8	26	domestic	domestic	ADJ
gujaf-82	8	27	product	product	NOUN
gujaf-82	8	28	(	(	PUNCT
gujaf-82	8	29	market	market	NOUN
gujaf-82	8	30	capitalization	capitalization	NOUN
gujaf-82	8	31	ratio	ratio	NOUN
gujaf-82	8	32	)	)	PUNCT
gujaf-82	8	33	have	have	VERB
gujaf-82	8	34	positive	positive	ADJ
gujaf-82	8	35	significant	significant	ADJ
gujaf-82	8	36	effect	effect	NOUN
gujaf-82	8	37	on	on	ADP
gujaf-82	8	38	stock	stock	NOUN
gujaf-82	8	39	market	market	NOUN
gujaf-82	8	40	liquidity	liquidity	NOUN
gujaf-82	8	41	while	while	SCONJ
gujaf-82	8	42	ratio	ratio	NOUN
gujaf-82	8	43	of	of	ADP
gujaf-82	8	44	credit	credit	NOUN
gujaf-82	8	45	to	to	ADP
gujaf-82	8	46	private	private	ADJ
gujaf-82	8	47	sector	sector	NOUN
gujaf-82	8	48	to	to	ADP
gujaf-82	8	49	gross	gross	ADJ
gujaf-82	8	50	domestic	domestic	ADJ
gujaf-82	8	51	product	product	NOUN
gujaf-82	8	52	,	,	PUNCT
gujaf-82	8	53	though	though	SCONJ
gujaf-82	8	54	positive	positive	ADJ
gujaf-82	8	55	but	but	CCONJ
gujaf-82	8	56	is	be	AUX
gujaf-82	8	57	not	not	PART
gujaf-82	8	58	significantly	significantly	ADV
gujaf-82	8	59	related	relate	VERB
gujaf-82	8	60	with	with	ADP
gujaf-82	8	61	market	market	NOUN
gujaf-82	8	62	liquidity	liquidity	NOUN
gujaf-82	8	63	in	in	ADP
gujaf-82	8	64	nigeria	nigeria	PROPN
gujaf-82	8	65	.	.	PUNCT
gujaf-82	9	1	empirical	empirical	ADJ
gujaf-82	9	2	findings	finding	NOUN
gujaf-82	9	3	also	also	ADV
gujaf-82	9	4	reveal	reveal	VERB
gujaf-82	9	5	that	that	SCONJ
gujaf-82	9	6	,	,	PUNCT
gujaf-82	9	7	though	though	ADV
gujaf-82	9	8	,	,	PUNCT
gujaf-82	9	9	the	the	DET
gujaf-82	9	10	three	three	NUM
gujaf-82	9	11	financial	financial	ADJ
gujaf-82	9	12	deepening	deepening	NOUN
gujaf-82	9	13	indicators	indicator	NOUN
gujaf-82	9	14	are	be	AUX
gujaf-82	9	15	positively	positively	ADV
gujaf-82	9	16	signed	sign	VERB
gujaf-82	9	17	with	with	ADP
gujaf-82	9	18	stock	stock	NOUN
gujaf-82	9	19	market	market	NOUN
gujaf-82	9	20	returns	return	NOUN
gujaf-82	9	21	,	,	PUNCT
gujaf-82	9	22	only	only	ADV
gujaf-82	9	23	market	market	NOUN
gujaf-82	9	24	capitalization	capitalization	NOUN
gujaf-82	9	25	ratio	ratio	NOUN
gujaf-82	9	26	is	be	AUX
gujaf-82	9	27	found	find	VERB
gujaf-82	9	28	to	to	PART
gujaf-82	9	29	exert	exert	VERB
gujaf-82	9	30	significant	significant	ADJ
gujaf-82	9	31	effect	effect	NOUN
gujaf-82	9	32	on	on	ADP
gujaf-82	9	33	the	the	DET
gujaf-82	9	34	stock	stock	NOUN
gujaf-82	9	35	market	market	NOUN
gujaf-82	9	36	returns	return	NOUN
gujaf-82	9	37	in	in	ADP
gujaf-82	9	38	nigeria	nigeria	PROPN
gujaf-82	9	39	.	.	PUNCT
gujaf-82	10	1	moreover	moreover	ADV
gujaf-82	10	2	,	,	PUNCT
gujaf-82	10	3	stock	stock	NOUN
gujaf-82	10	4	market	market	NOUN
gujaf-82	10	5	liquidity	liquidity	NOUN
gujaf-82	10	6	is	be	AUX
gujaf-82	10	7	found	find	VERB
gujaf-82	10	8	to	to	ADP
gujaf-82	10	9	granger	granger	NOUN
gujaf-82	10	10	-	-	PUNCT
gujaf-82	10	11	cause	cause	VERB
gujaf-82	10	12	financial	financial	ADJ
gujaf-82	10	13	deepening	deepening	NOUN
gujaf-82	10	14	while	while	SCONJ
gujaf-82	10	15	a	a	DET
gujaf-82	10	16	bi	bi	ADJ
gujaf-82	10	17	-	-	ADJ
gujaf-82	10	18	directional	directional	ADJ
gujaf-82	10	19	causality	causality	NOUN
gujaf-82	10	20	exists	exist	VERB
gujaf-82	10	21	between	between	ADP
gujaf-82	10	22	stock	stock	NOUN
gujaf-82	10	23	market	market	NOUN
gujaf-82	10	24	returns	return	NOUN
gujaf-82	10	25	and	and	CCONJ
gujaf-82	10	26	stock	stock	NOUN
gujaf-82	10	27	market	market	NOUN
gujaf-82	10	28	deepening	deepening	NOUN
gujaf-82	10	29	.	.	PUNCT
gujaf-82	11	1	using	use	VERB
gujaf-82	11	2	multivariate	multivariate	NOUN
gujaf-82	11	3	modelling	modelling	NOUN
gujaf-82	11	4	approach	approach	NOUN
gujaf-82	11	5	,	,	PUNCT
gujaf-82	11	6	this	this	DET
gujaf-82	11	7	study	study	NOUN
gujaf-82	11	8	contributes	contribute	VERB
gujaf-82	11	9	to	to	ADP
gujaf-82	11	10	financial	financial	ADJ
gujaf-82	11	11	deepening	deepening	NOUN
gujaf-82	11	12	-	-	PUNCT
gujaf-82	11	13	stock	stock	NOUN
gujaf-82	11	14	market	market	NOUN
gujaf-82	11	15	nexus	nexus	NOUN
gujaf-82	11	16	literature	literature	NOUN
gujaf-82	11	17	by	by	ADP
gujaf-82	11	18	emphasizing	emphasize	VERB
gujaf-82	11	19	the	the	DET
gujaf-82	11	20	positive	positive	ADJ
gujaf-82	11	21	impact	impact	NOUN
gujaf-82	11	22	of	of	ADP
gujaf-82	11	23	three	three	NUM
gujaf-82	11	24	different	different	ADJ
gujaf-82	11	25	financial	financial	ADJ
gujaf-82	11	26	deepening	deepening	NOUN
gujaf-82	11	27	indicators	indicator	NOUN
gujaf-82	11	28	on	on	ADP
gujaf-82	11	29	stock	stock	NOUN
gujaf-82	11	30	market	market	NOUN
gujaf-82	11	31	performance	performance	NOUN
gujaf-82	11	32	in	in	ADP
gujaf-82	11	33	terms	term	NOUN
gujaf-82	11	34	of	of	ADP
gujaf-82	11	35	returns	return	NOUN
gujaf-82	11	36	and	and	CCONJ
gujaf-82	11	37	liquidity	liquidity	NOUN
gujaf-82	11	38	.	.	PUNCT
gujaf-82	12	1	this	this	DET
gujaf-82	12	2	study	study	NOUN
gujaf-82	12	3	concludes	conclude	VERB
gujaf-82	12	4	that	that	SCONJ
gujaf-82	12	5	financial	financial	ADJ
gujaf-82	12	6	deepening	deepening	NOUN
gujaf-82	12	7	is	be	AUX
gujaf-82	12	8	a	a	DET
gujaf-82	12	9	catalyst	catalyst	NOUN
gujaf-82	12	10	to	to	ADP
gujaf-82	12	11	capital	capital	NOUN
gujaf-82	12	12	market	market	NOUN
gujaf-82	12	13	performance	performance	NOUN
gujaf-82	12	14	in	in	ADP
gujaf-82	12	15	nigeria	nigeria	PROPN
gujaf-82	12	16	and	and	CCONJ
gujaf-82	12	17	therefore	therefore	ADV
gujaf-82	12	18	recommends	recommend	VERB
gujaf-82	12	19	that	that	SCONJ
gujaf-82	12	20	government	government	NOUN
gujaf-82	12	21	of	of	ADP
gujaf-82	12	22	nigeria	nigeria	PROPN
gujaf-82	12	23	should	should	AUX
gujaf-82	12	24	further	far	ADV
gujaf-82	12	25	deepen	deepen	VERB
gujaf-82	12	26	the	the	DET
gujaf-82	12	27	financial	financial	ADJ
gujaf-82	12	28	sector	sector	NOUN
gujaf-82	12	29	and	and	CCONJ
gujaf-82	12	30	its	its	PRON
gujaf-82	12	31	synergistic	synergistic	ADJ
gujaf-82	12	32	effect	effect	NOUN
gujaf-82	12	33	on	on	ADP
gujaf-82	12	34	capital	capital	NOUN
gujaf-82	12	35	market	market	NOUN
gujaf-82	12	36	.	.	PUNCT
gujaf-82	13	1	keywords	keyword	NOUN
gujaf-82	13	2	:	:	PUNCT
gujaf-82	13	3	financial	financial	ADJ
gujaf-82	13	4	deepening	deepening	NOUN
gujaf-82	13	5	;	;	PUNCT
gujaf-82	13	6	liquidity	liquidity	NOUN
gujaf-82	13	7	;	;	PUNCT
gujaf-82	13	8	money	money	NOUN
gujaf-82	13	9	supply	supply	NOUN
gujaf-82	13	10	;	;	PUNCT
gujaf-82	13	11	stock	stock	NOUN
gujaf-82	13	12	market	market	NOUN
gujaf-82	13	13	,	,	PUNCT
gujaf-82	13	14	stock	stock	NOUN
gujaf-82	13	15	market	market	NOUN
gujaf-82	13	16	returns	return	NOUN
gujaf-82	13	17	.	.	PUNCT
gujaf-82	14	1	1	1	X
gujaf-82	14	2	.	.	X
gujaf-82	14	3	introduction	introduction	NOUN
gujaf-82	14	4	capital	capital	NOUN
gujaf-82	14	5	market	market	NOUN
gujaf-82	14	6	is	be	AUX
gujaf-82	14	7	a	a	DET
gujaf-82	14	8	financial	financial	ADJ
gujaf-82	14	9	market	market	NOUN
gujaf-82	14	10	where	where	SCONJ
gujaf-82	14	11	medium	medium	ADJ
gujaf-82	14	12	to	to	ADP
gujaf-82	14	13	long	long	ADJ
gujaf-82	14	14	-	-	PUNCT
gujaf-82	14	15	term	term	NOUN
gujaf-82	14	16	funds	fund	NOUN
gujaf-82	14	17	in	in	ADP
gujaf-82	14	18	the	the	DET
gujaf-82	14	19	form	form	NOUN
gujaf-82	14	20	of	of	ADP
gujaf-82	14	21	financial	financial	ADJ
gujaf-82	14	22	securities	security	NOUN
gujaf-82	14	23	such	such	ADJ
gujaf-82	14	24	as	as	ADP
gujaf-82	14	25	bonds	bond	NOUN
gujaf-82	14	26	,	,	PUNCT
gujaf-82	14	27	shares	share	NOUN
gujaf-82	14	28	and	and	CCONJ
gujaf-82	14	29	derivatives	derivative	NOUN
gujaf-82	14	30	,	,	PUNCT
gujaf-82	14	31	are	be	AUX
gujaf-82	14	32	traded	trade	VERB
gujaf-82	14	33	.	.	PUNCT
gujaf-82	15	1	through	through	ADP
gujaf-82	15	2	the	the	DET
gujaf-82	15	3	market	market	NOUN
gujaf-82	15	4	,	,	PUNCT
gujaf-82	15	5	loanable	loanable	ADJ
gujaf-82	15	6	funds	fund	NOUN
gujaf-82	15	7	are	be	AUX
gujaf-82	15	8	mobilized	mobilize	VERB
gujaf-82	15	9	for	for	ADP
gujaf-82	15	10	business	business	NOUN
gujaf-82	15	11	,	,	PUNCT
gujaf-82	15	12	trade	trade	NOUN
gujaf-82	15	13	,	,	PUNCT
gujaf-82	15	14	investment	investment	NOUN
gujaf-82	15	15	,	,	PUNCT
gujaf-82	15	16	returns	return	NOUN
gujaf-82	15	17	from	from	ADP
gujaf-82	15	18	which	which	PRON
gujaf-82	15	19	are	be	AUX
gujaf-82	15	20	positively	positively	ADV
gujaf-82	15	21	felt	feel	VERB
gujaf-82	15	22	in	in	ADP
gujaf-82	15	23	the	the	DET
gujaf-82	15	24	real	real	ADJ
gujaf-82	15	25	economic	economic	ADJ
gujaf-82	15	26	sector	sector	NOUN
gujaf-82	15	27	in	in	ADP
gujaf-82	15	28	the	the	DET
gujaf-82	15	29	form	form	NOUN
gujaf-82	15	30	of	of	ADP
gujaf-82	15	31	increased	increase	VERB
gujaf-82	15	32	income	income	NOUN
gujaf-82	15	33	,	,	PUNCT
gujaf-82	15	34	demand	demand	NOUN
gujaf-82	15	35	,	,	PUNCT
gujaf-82	15	36	employment	employment	NOUN
gujaf-82	15	37	and	and	CCONJ
gujaf-82	15	38	ultimately	ultimately	ADV
gujaf-82	15	39	in	in	ADP
gujaf-82	15	40	gross	gross	ADJ
gujaf-82	15	41	domestic	domestic	ADJ
gujaf-82	15	42	product	product	NOUN
gujaf-82	15	43	increase	increase	NOUN
gujaf-82	15	44	.	.	PUNCT
gujaf-82	16	1	considering	consider	VERB
gujaf-82	16	2	the	the	DET
gujaf-82	16	3	critical	critical	ADJ
gujaf-82	16	4	role	role	NOUN
gujaf-82	16	5	of	of	ADP
gujaf-82	16	6	the	the	DET
gujaf-82	16	7	capital	capital	NOUN
gujaf-82	16	8	market	market	NOUN
gujaf-82	16	9	in	in	ADP
gujaf-82	16	10	any	any	DET
gujaf-82	16	11	economy	economy	NOUN
gujaf-82	16	12	,	,	PUNCT
gujaf-82	16	13	any	any	DET
gujaf-82	16	14	effort	effort	NOUN
gujaf-82	16	15	to	to	PART
gujaf-82	16	16	develop	develop	VERB
gujaf-82	16	17	the	the	DET
gujaf-82	16	18	sector	sector	NOUN
gujaf-82	16	19	is	be	AUX
gujaf-82	16	20	considered	consider	VERB
gujaf-82	16	21	not	not	PART
gujaf-82	16	22	wasteful	wasteful	ADJ
gujaf-82	16	23	but	but	CCONJ
gujaf-82	16	24	an	an	DET
gujaf-82	16	25	action	action	NOUN
gujaf-82	16	26	capable	capable	ADJ
gujaf-82	16	27	of	of	ADP
gujaf-82	16	28	creating	create	VERB
gujaf-82	16	29	growth	growth	NOUN
gujaf-82	16	30	-	-	PUNCT
gujaf-82	16	31	enhancing	enhance	VERB
gujaf-82	16	32	synergistic	synergistic	ADJ
gujaf-82	16	33	effect	effect	NOUN
gujaf-82	16	34	in	in	ADP
gujaf-82	16	35	the	the	DET
gujaf-82	16	36	economy	economy	NOUN
gujaf-82	16	37	.	.	PUNCT
gujaf-82	17	1	to	to	PART
gujaf-82	17	2	develop	develop	VERB
gujaf-82	17	3	the	the	DET
gujaf-82	17	4	financial	financial	ADJ
gujaf-82	17	5	industry	industry	NOUN
gujaf-82	17	6	is	be	AUX
gujaf-82	17	7	to	to	PART
gujaf-82	17	8	deepen	deepen	VERB
gujaf-82	17	9	the	the	DET
gujaf-82	17	10	sector	sector	NOUN
gujaf-82	17	11	.	.	PUNCT
gujaf-82	18	1	financial	financial	ADJ
gujaf-82	18	2	deepening	deepening	NOUN
gujaf-82	18	3	defined	define	VERB
gujaf-82	18	4	as	as	ADP
gujaf-82	18	5	the	the	DET
gujaf-82	18	6	expansion	expansion	NOUN
gujaf-82	18	7	of	of	ADP
gujaf-82	18	8	financial	financial	ADJ
gujaf-82	18	9	services	service	NOUN
gujaf-82	18	10	of	of	ADP
gujaf-82	18	11	wide	wide	ADJ
gujaf-82	18	12	varieties	variety	NOUN
gujaf-82	18	13	to	to	ADP
gujaf-82	18	14	all	all	DET
gujaf-82	18	15	strata	strata	NOUN
gujaf-82	18	16	of	of	ADP
gujaf-82	18	17	the	the	DET
gujaf-82	18	18	society	society	NOUN
gujaf-82	18	19	(	(	PUNCT
gujaf-82	18	20	alrabadi	alrabadi	NOUN
gujaf-82	18	21	&	&	CCONJ
gujaf-82	18	22	kharabsheh	kharabsheh	ADJ
gujaf-82	18	23	,	,	PUNCT
gujaf-82	18	24	2016	2016	NUM
gujaf-82	18	25	)	)	PUNCT
gujaf-82	18	26	;	;	PUNCT
gujaf-82	18	27	leads	lead	VERB
gujaf-82	18	28	to	to	ADP
gujaf-82	18	29	improved	improve	VERB
gujaf-82	18	30	economic	economic	ADJ
gujaf-82	18	31	conditions	condition	NOUN
gujaf-82	18	32	via	via	ADP
gujaf-82	18	33	highly	highly	ADV
gujaf-82	18	34	competitive	competitive	ADJ
gujaf-82	18	35	and	and	CCONJ
gujaf-82	18	36	efficient	efficient	ADJ
gujaf-82	18	37	financial	financial	ADJ
gujaf-82	18	38	markets	market	NOUN
gujaf-82	18	39	,	,	PUNCT
gujaf-82	18	40	thus	thus	ADV
gujaf-82	18	41	resulting	result	VERB
gujaf-82	18	42	in	in	ADP
gujaf-82	18	43	indirect	indirect	ADJ
gujaf-82	18	44	benefits	benefit	NOUN
gujaf-82	18	45	to	to	ADP
gujaf-82	18	46	the	the	DET
gujaf-82	18	47	non	non	ADJ
gujaf-82	18	48	-	-	ADJ
gujaf-82	18	49	financial	financial	ADJ
gujaf-82	18	50	sectors	sector	NOUN
gujaf-82	18	51	of	of	ADP
gujaf-82	18	52	the	the	DET
gujaf-82	18	53	country	country	NOUN
gujaf-82	18	54	(	(	PUNCT
gujaf-82	18	55	nwaolisa	nwaolisa	PROPN
gujaf-82	18	56	&	&	CCONJ
gujaf-82	18	57	cyril	cyril	PROPN
gujaf-82	18	58	,	,	PUNCT
gujaf-82	18	59	2018	2018	NUM
gujaf-82	18	60	;	;	PUNCT
gujaf-82	18	61	torruam	torruam	PROPN
gujaf-82	18	62	et	et	PROPN
gujaf-82	18	63	al	al	PROPN
gujaf-82	18	64	.	.	PROPN
gujaf-82	18	65	,	,	PUNCT
gujaf-82	18	66	2013	2013	NUM
gujaf-82	18	67	)	)	PUNCT
gujaf-82	18	68	.	.	PUNCT
gujaf-82	19	1	financial	financial	ADJ
gujaf-82	19	2	deepening	deepening	NOUN
gujaf-82	19	3	also	also	ADV
gujaf-82	19	4	helps	help	VERB
gujaf-82	19	5	in	in	ADP
gujaf-82	19	6	increasing	increase	VERB
gujaf-82	19	7	the	the	DET
gujaf-82	19	8	provision	provision	NOUN
gujaf-82	19	9	and	and	CCONJ
gujaf-82	19	10	choices	choice	NOUN
gujaf-82	19	11	of	of	ADP
gujaf-82	19	12	financial	financial	ADJ
gujaf-82	19	13	services	service	NOUN
gujaf-82	19	14	(	(	PUNCT
gujaf-82	19	15	nwaolisa	nwaolisa	PROPN
gujaf-82	19	16	&	&	CCONJ
gujaf-82	19	17	cyril	cyril	PROPN
gujaf-82	19	18	,	,	PUNCT
gujaf-82	19	19	2018	2018	NUM
gujaf-82	19	20	)	)	PUNCT
gujaf-82	19	21	.	.	PUNCT
gujaf-82	20	1	according	accord	VERB
gujaf-82	20	2	to	to	ADP
gujaf-82	20	3	okoli	okoli	PROPN
gujaf-82	20	4	(	(	PUNCT
gujaf-82	20	5	2010	2010	NUM
gujaf-82	20	6	)	)	PUNCT
gujaf-82	20	7	,	,	PUNCT
gujaf-82	20	8	financial	financial	ADJ
gujaf-82	20	9	deepening	deepening	NOUN
gujaf-82	20	10	is	be	AUX
gujaf-82	20	11	a	a	DET
gujaf-82	20	12	product	product	NOUN
gujaf-82	20	13	of	of	ADP
gujaf-82	20	14	the	the	DET
gujaf-82	20	15	growth	growth	NOUN
gujaf-82	20	16	of	of	ADP
gujaf-82	20	17	financial	financial	ADJ
gujaf-82	20	18	intermediation	intermediation	NOUN
gujaf-82	20	19	.	.	PUNCT
gujaf-82	21	1	this	this	PRON
gujaf-82	21	2	suggests	suggest	VERB
gujaf-82	21	3	that	that	SCONJ
gujaf-82	21	4	the	the	DET
gujaf-82	21	5	increased	increase	VERB
gujaf-82	21	6	capacity	capacity	NOUN
gujaf-82	21	7	of	of	ADP
gujaf-82	21	8	the	the	DET
gujaf-82	21	9	sector	sector	NOUN
gujaf-82	21	10	in	in	ADP
gujaf-82	21	11	her	her	PRON
gujaf-82	21	12	financial	financial	ADJ
gujaf-82	21	13	intermediation	intermediation	NOUN
gujaf-82	21	14	function	function	NOUN
gujaf-82	21	15	signals	signal	VERB
gujaf-82	21	16	the	the	DET
gujaf-82	21	17	deepening	deepening	NOUN
gujaf-82	21	18	of	of	ADP
gujaf-82	21	19	the	the	DET
gujaf-82	21	20	sector	sector	NOUN
gujaf-82	21	21	.	.	PUNCT
gujaf-82	22	1	kromtit	kromtit	NOUN
gujaf-82	22	2	and	and	CCONJ
gujaf-82	22	3	mailto:liftedfgb@gmail.com	mailto:liftedfgb@gmail.com	PROPN
gujaf-82	22	4	gusau	gusau	PROPN
gujaf-82	22	5	journal	journal	PROPN
gujaf-82	22	6	of	of	ADP
gujaf-82	22	7	accounting	accounting	NOUN
gujaf-82	22	8	and	and	CCONJ
gujaf-82	22	9	finance	finance	NOUN
gujaf-82	22	10	,	,	PUNCT
gujaf-82	22	11	vol	vol	NOUN
gujaf-82	22	12	.	.	PROPN
gujaf-82	22	13	2	2	NUM
gujaf-82	22	14	,	,	PUNCT
gujaf-82	22	15	issue	issue	NOUN
gujaf-82	22	16	2	2	NUM
gujaf-82	22	17	,	,	PUNCT
gujaf-82	22	18	april	april	PROPN
gujaf-82	22	19	,	,	PUNCT
gujaf-82	22	20	2021	2021	NUM
gujaf-82	22	21	3	3	NUM
gujaf-82	22	22	umejiaku	umejiaku	NOUN
gujaf-82	22	23	(	(	PUNCT
gujaf-82	22	24	2016	2016	NUM
gujaf-82	22	25	)	)	PUNCT
gujaf-82	22	26	also	also	ADV
gujaf-82	22	27	consider	consider	VERB
gujaf-82	22	28	financial	financial	ADJ
gujaf-82	22	29	inclusion	inclusion	NOUN
gujaf-82	22	30	as	as	ADP
gujaf-82	22	31	a	a	DET
gujaf-82	22	32	bye	bye	NOUN
gujaf-82	22	33	-	-	PUNCT
gujaf-82	22	34	product	product	NOUN
gujaf-82	22	35	of	of	ADP
gujaf-82	22	36	financial	financial	ADJ
gujaf-82	22	37	deepening	deepening	NOUN
gujaf-82	22	38	.	.	PUNCT
gujaf-82	23	1	this	this	PRON
gujaf-82	23	2	implies	imply	VERB
gujaf-82	23	3	that	that	SCONJ
gujaf-82	23	4	financial	financial	ADJ
gujaf-82	23	5	deepening	deepening	NOUN
gujaf-82	23	6	is	be	AUX
gujaf-82	23	7	a	a	DET
gujaf-82	23	8	necessary	necessary	ADJ
gujaf-82	23	9	but	but	CCONJ
gujaf-82	23	10	not	not	PART
gujaf-82	23	11	a	a	DET
gujaf-82	23	12	sufficient	sufficient	ADJ
gujaf-82	23	13	condition	condition	NOUN
gujaf-82	23	14	for	for	ADP
gujaf-82	23	15	financial	financial	ADJ
gujaf-82	23	16	inclusion	inclusion	NOUN
gujaf-82	23	17	.	.	PUNCT
gujaf-82	24	1	the	the	DET
gujaf-82	24	2	positive	positive	ADJ
gujaf-82	24	3	role	role	NOUN
gujaf-82	24	4	of	of	ADP
gujaf-82	24	5	capital	capital	NOUN
gujaf-82	24	6	market	market	NOUN
gujaf-82	24	7	in	in	ADP
gujaf-82	24	8	economic	economic	ADJ
gujaf-82	24	9	growth	growth	NOUN
gujaf-82	24	10	has	have	AUX
gujaf-82	24	11	been	be	AUX
gujaf-82	24	12	confirmed	confirm	VERB
gujaf-82	24	13	in	in	ADP
gujaf-82	24	14	empirical	empirical	ADJ
gujaf-82	24	15	literatures	literature	NOUN
gujaf-82	24	16	(	(	PUNCT
gujaf-82	24	17	abina	abina	PROPN
gujaf-82	24	18	&	&	CCONJ
gujaf-82	24	19	lemea	lemea	PROPN
gujaf-82	24	20	,	,	PUNCT
gujaf-82	24	21	2019	2019	NUM
gujaf-82	24	22	;	;	PUNCT
gujaf-82	24	23	acha	acha	PROPN
gujaf-82	24	24	&	&	CCONJ
gujaf-82	24	25	akpan	akpan	PROPN
gujaf-82	24	26	,	,	PUNCT
gujaf-82	24	27	2019	2019	NUM
gujaf-82	24	28	;	;	PUNCT
gujaf-82	24	29	adenuga	adenuga	ADV
gujaf-82	24	30	,	,	PUNCT
gujaf-82	24	31	2010	2010	NUM
gujaf-82	24	32	;	;	PUNCT
gujaf-82	24	33	edame	edame	NOUN
gujaf-82	24	34	&	&	CCONJ
gujaf-82	24	35	okoro	okoro	NOUN
gujaf-82	24	36	,	,	PUNCT
gujaf-82	24	37	2013	2013	NUM
gujaf-82	24	38	;	;	PUNCT
gujaf-82	24	39	ologunwa	ologunwa	PROPN
gujaf-82	24	40	&	&	CCONJ
gujaf-82	24	41	sadibo	sadibo	NOUN
gujaf-82	24	42	,	,	PUNCT
gujaf-82	24	43	2016	2016	NUM
gujaf-82	24	44	;	;	PUNCT
gujaf-82	24	45	taiwo	taiwo	PROPN
gujaf-82	24	46	et	et	PROPN
gujaf-82	24	47	al	al	PROPN
gujaf-82	24	48	.	.	PROPN
gujaf-82	24	49	,	,	PUNCT
gujaf-82	24	50	2016	2016	NUM
gujaf-82	24	51	)	)	PUNCT
gujaf-82	24	52	.	.	PUNCT
gujaf-82	25	1	this	this	PRON
gujaf-82	25	2	notwithstanding	notwithstanding	ADV
gujaf-82	25	3	,	,	PUNCT
gujaf-82	25	4	the	the	DET
gujaf-82	25	5	extent	extent	NOUN
gujaf-82	25	6	to	to	PART
gujaf-82	25	7	which	which	PRON
gujaf-82	25	8	financial	financial	ADJ
gujaf-82	25	9	deepening	deepening	NOUN
gujaf-82	25	10	influences	influence	NOUN
gujaf-82	25	11	this	this	DET
gujaf-82	25	12	institution	institution	NOUN
gujaf-82	25	13	(	(	PUNCT
gujaf-82	25	14	capital	capital	NOUN
gujaf-82	25	15	market	market	NOUN
gujaf-82	25	16	)	)	PUNCT
gujaf-82	25	17	that	that	PRON
gujaf-82	25	18	spur	spur	VERB
gujaf-82	25	19	economic	economic	ADJ
gujaf-82	25	20	advancement	advancement	NOUN
gujaf-82	25	21	of	of	ADP
gujaf-82	25	22	the	the	DET
gujaf-82	25	23	country	country	NOUN
gujaf-82	25	24	is	be	AUX
gujaf-82	25	25	still	still	ADV
gujaf-82	25	26	blurred	blur	VERB
gujaf-82	25	27	and	and	CCONJ
gujaf-82	25	28	subject	subject	ADJ
gujaf-82	25	29	to	to	ADP
gujaf-82	25	30	debate	debate	NOUN
gujaf-82	25	31	among	among	ADP
gujaf-82	25	32	researchers	researcher	NOUN
gujaf-82	25	33	.	.	PUNCT
gujaf-82	26	1	in	in	ADP
gujaf-82	26	2	the	the	DET
gujaf-82	26	3	same	same	ADJ
gujaf-82	26	4	vein	vein	NOUN
gujaf-82	26	5	,	,	PUNCT
gujaf-82	26	6	there	there	PRON
gujaf-82	26	7	seems	seem	VERB
gujaf-82	26	8	to	to	PART
gujaf-82	26	9	be	be	AUX
gujaf-82	26	10	relatively	relatively	ADV
gujaf-82	26	11	scarce	scarce	ADJ
gujaf-82	26	12	empirical	empirical	ADJ
gujaf-82	26	13	works	work	NOUN
gujaf-82	26	14	on	on	ADP
gujaf-82	26	15	the	the	DET
gujaf-82	26	16	financial	financial	ADJ
gujaf-82	26	17	deepening	deepening	NOUN
gujaf-82	26	18	-	-	PUNCT
gujaf-82	26	19	stock	stock	NOUN
gujaf-82	26	20	market	market	NOUN
gujaf-82	26	21	nexus	nexus	NOUN
gujaf-82	26	22	compared	compare	VERB
gujaf-82	26	23	with	with	ADP
gujaf-82	26	24	a	a	DET
gujaf-82	26	25	large	large	ADJ
gujaf-82	26	26	pool	pool	NOUN
gujaf-82	26	27	of	of	ADP
gujaf-82	26	28	empirics	empiric	NOUN
gujaf-82	26	29	on	on	ADP
gujaf-82	26	30	financial	financial	ADJ
gujaf-82	26	31	deepening	deepening	NOUN
gujaf-82	26	32	-	-	PUNCT
gujaf-82	26	33	growth	growth	NOUN
gujaf-82	26	34	relationship	relationship	NOUN
gujaf-82	26	35	.	.	PUNCT
gujaf-82	27	1	this	this	DET
gujaf-82	27	2	study	study	NOUN
gujaf-82	27	3	is	be	AUX
gujaf-82	27	4	thus	thus	ADV
gujaf-82	27	5	a	a	DET
gujaf-82	27	6	contribution	contribution	NOUN
gujaf-82	27	7	to	to	ADP
gujaf-82	27	8	knowledge	knowledge	NOUN
gujaf-82	27	9	on	on	ADP
gujaf-82	27	10	the	the	DET
gujaf-82	27	11	relationship	relationship	NOUN
gujaf-82	27	12	between	between	ADP
gujaf-82	27	13	financial	financial	ADJ
gujaf-82	27	14	deepening	deepening	NOUN
gujaf-82	27	15	and	and	CCONJ
gujaf-82	27	16	stock	stock	NOUN
gujaf-82	27	17	market	market	NOUN
gujaf-82	27	18	performance	performance	NOUN
gujaf-82	27	19	in	in	ADP
gujaf-82	27	20	developing	develop	VERB
gujaf-82	27	21	economies	economy	NOUN
gujaf-82	27	22	like	like	ADP
gujaf-82	27	23	nigeria	nigeria	PRON
gujaf-82	27	24	.	.	PUNCT
gujaf-82	28	1	based	base	VERB
gujaf-82	28	2	on	on	ADP
gujaf-82	28	3	these	these	DET
gujaf-82	28	4	premises	premise	NOUN
gujaf-82	28	5	,	,	PUNCT
gujaf-82	28	6	this	this	DET
gujaf-82	28	7	study	study	NOUN
gujaf-82	28	8	attempts	attempt	VERB
gujaf-82	28	9	to	to	PART
gujaf-82	28	10	examine	examine	VERB
gujaf-82	28	11	the	the	DET
gujaf-82	28	12	impact	impact	NOUN
gujaf-82	28	13	of	of	ADP
gujaf-82	28	14	financial	financial	ADJ
gujaf-82	28	15	deepening	deepening	NOUN
gujaf-82	28	16	indicators	indicator	NOUN
gujaf-82	28	17	on	on	ADP
gujaf-82	28	18	stock	stock	NOUN
gujaf-82	28	19	market	market	NOUN
gujaf-82	28	20	returns	return	NOUN
gujaf-82	28	21	and	and	CCONJ
gujaf-82	28	22	liquidity	liquidity	NOUN
gujaf-82	28	23	in	in	ADP
gujaf-82	28	24	nigeria	nigeria	PROPN
gujaf-82	28	25	for	for	ADP
gujaf-82	28	26	the	the	DET
gujaf-82	28	27	period	period	NOUN
gujaf-82	28	28	1985	1985	NUM
gujaf-82	28	29	to	to	ADP
gujaf-82	28	30	2018	2018	NUM
gujaf-82	28	31	using	use	VERB
gujaf-82	28	32	the	the	DET
gujaf-82	28	33	two	two	NUM
gujaf-82	28	34	-	-	PUNCT
gujaf-82	28	35	stage	stage	NOUN
gujaf-82	28	36	least	least	ADJ
gujaf-82	28	37	squares	square	NOUN
gujaf-82	28	38	(	(	PUNCT
gujaf-82	28	39	2sls	2sls	NOUN
gujaf-82	28	40	)	)	PUNCT
gujaf-82	28	41	regression	regression	NOUN
gujaf-82	28	42	and	and	CCONJ
gujaf-82	28	43	pairwise	pairwise	NOUN
gujaf-82	28	44	granger	granger	NOUN
gujaf-82	28	45	causality	causality	NOUN
gujaf-82	28	46	technique	technique	NOUN
gujaf-82	28	47	.	.	PUNCT
gujaf-82	29	1	the	the	DET
gujaf-82	29	2	main	main	ADJ
gujaf-82	29	3	aim	aim	NOUN
gujaf-82	29	4	of	of	ADP
gujaf-82	29	5	this	this	DET
gujaf-82	29	6	study	study	NOUN
gujaf-82	29	7	is	be	AUX
gujaf-82	29	8	to	to	PART
gujaf-82	29	9	investigate	investigate	VERB
gujaf-82	29	10	the	the	DET
gujaf-82	29	11	causal	causal	ADJ
gujaf-82	29	12	relationship	relationship	NOUN
gujaf-82	29	13	as	as	ADV
gujaf-82	29	14	well	well	ADV
gujaf-82	29	15	as	as	ADP
gujaf-82	29	16	the	the	DET
gujaf-82	29	17	impact	impact	NOUN
gujaf-82	29	18	of	of	ADP
gujaf-82	29	19	financial	financial	ADJ
gujaf-82	29	20	deepening	deepening	NOUN
gujaf-82	29	21	on	on	ADP
gujaf-82	29	22	stock	stock	NOUN
gujaf-82	29	23	market	market	NOUN
gujaf-82	29	24	performance	performance	NOUN
gujaf-82	29	25	in	in	ADP
gujaf-82	29	26	nigeria	nigeria	PROPN
gujaf-82	29	27	for	for	ADP
gujaf-82	29	28	the	the	DET
gujaf-82	29	29	period	period	NOUN
gujaf-82	29	30	1985	1985	NUM
gujaf-82	29	31	-	-	SYM
gujaf-82	29	32	2018	2018	NUM
gujaf-82	29	33	.	.	PUNCT
gujaf-82	30	1	the	the	DET
gujaf-82	30	2	specific	specific	ADJ
gujaf-82	30	3	objectives	objective	NOUN
gujaf-82	30	4	are	be	AUX
gujaf-82	30	5	:	:	PUNCT
gujaf-82	30	6	i.	i.	NOUN
gujaf-82	30	7	to	to	PART
gujaf-82	30	8	examine	examine	VERB
gujaf-82	30	9	the	the	DET
gujaf-82	30	10	relationship	relationship	NOUN
gujaf-82	30	11	between	between	ADP
gujaf-82	30	12	financial	financial	ADJ
gujaf-82	30	13	deepening	deepening	NOUN
gujaf-82	30	14	indicator	indicator	NOUN
gujaf-82	30	15	-	-	PUNCT
gujaf-82	30	16	the	the	DET
gujaf-82	30	17	ratio	ratio	NOUN
gujaf-82	30	18	of	of	ADP
gujaf-82	30	19	money	money	NOUN
gujaf-82	30	20	supply	supply	NOUN
gujaf-82	30	21	(	(	PUNCT
gujaf-82	30	22	m2	m2	PROPN
gujaf-82	30	23	)	)	PUNCT
gujaf-82	30	24	to	to	ADP
gujaf-82	30	25	gross	gross	ADJ
gujaf-82	30	26	domestic	domestic	ADJ
gujaf-82	30	27	product	product	NOUN
gujaf-82	30	28	(	(	PUNCT
gujaf-82	30	29	gdp	gdp	NOUN
gujaf-82	30	30	)	)	PUNCT
gujaf-82	30	31	and	and	CCONJ
gujaf-82	30	32	stock	stock	NOUN
gujaf-82	30	33	market	market	NOUN
gujaf-82	30	34	returns	return	NOUN
gujaf-82	30	35	in	in	ADP
gujaf-82	30	36	nigeria	nigeria	PROPN
gujaf-82	30	37	.	.	PUNCT
gujaf-82	31	1	ii	ii	PROPN
gujaf-82	31	2	.	.	PUNCT
gujaf-82	32	1	to	to	PART
gujaf-82	32	2	determine	determine	VERB
gujaf-82	32	3	the	the	DET
gujaf-82	32	4	relationship	relationship	NOUN
gujaf-82	32	5	between	between	ADP
gujaf-82	32	6	the	the	DET
gujaf-82	32	7	indicator	indicator	NOUN
gujaf-82	32	8	of	of	ADP
gujaf-82	32	9	financial	financial	ADJ
gujaf-82	32	10	deepening	deepening	NOUN
gujaf-82	32	11	-	-	PUNCT
gujaf-82	32	12	the	the	DET
gujaf-82	32	13	ratio	ratio	NOUN
gujaf-82	32	14	of	of	ADP
gujaf-82	32	15	credit	credit	NOUN
gujaf-82	32	16	to	to	ADP
gujaf-82	32	17	private	private	ADJ
gujaf-82	32	18	sector	sector	NOUN
gujaf-82	32	19	(	(	PUNCT
gujaf-82	32	20	cps	cps	PROPN
gujaf-82	32	21	)	)	PUNCT
gujaf-82	32	22	to	to	ADP
gujaf-82	32	23	gdp	gdp	NOUN
gujaf-82	32	24	and	and	CCONJ
gujaf-82	32	25	stock	stock	NOUN
gujaf-82	32	26	market	market	NOUN
gujaf-82	32	27	returns	return	NOUN
gujaf-82	32	28	in	in	ADP
gujaf-82	32	29	nigeria	nigeria	PROPN
gujaf-82	32	30	.	.	PUNCT
gujaf-82	33	1	iii	iii	X
gujaf-82	33	2	.	.	PUNCT
gujaf-82	34	1	to	to	PART
gujaf-82	34	2	analyse	analyse	VERB
gujaf-82	34	3	the	the	DET
gujaf-82	34	4	relationship	relationship	NOUN
gujaf-82	34	5	between	between	ADP
gujaf-82	34	6	financial	financial	ADJ
gujaf-82	34	7	deepening	deepening	NOUN
gujaf-82	34	8	measured	measure	VERB
gujaf-82	34	9	as	as	ADP
gujaf-82	34	10	the	the	DET
gujaf-82	34	11	ratio	ratio	NOUN
gujaf-82	34	12	of	of	ADP
gujaf-82	34	13	stock	stock	NOUN
gujaf-82	34	14	market	market	NOUN
gujaf-82	34	15	capitalization	capitalization	NOUN
gujaf-82	34	16	(	(	PUNCT
gujaf-82	34	17	mcap	mcap	NOUN
gujaf-82	34	18	)	)	PUNCT
gujaf-82	34	19	to	to	ADP
gujaf-82	34	20	gdp	gdp	NOUN
gujaf-82	34	21	and	and	CCONJ
gujaf-82	34	22	stock	stock	NOUN
gujaf-82	34	23	market	market	NOUN
gujaf-82	34	24	returns	return	NOUN
gujaf-82	34	25	in	in	ADP
gujaf-82	34	26	nigeria	nigeria	PROPN
gujaf-82	34	27	.	.	PUNCT
gujaf-82	35	1	iv	iv	X
gujaf-82	35	2	.	.	PUNCT
gujaf-82	35	3	to	to	PART
gujaf-82	35	4	investigate	investigate	VERB
gujaf-82	35	5	the	the	DET
gujaf-82	35	6	relationship	relationship	NOUN
gujaf-82	35	7	between	between	ADP
gujaf-82	35	8	the	the	DET
gujaf-82	35	9	financial	financial	ADJ
gujaf-82	35	10	deepening	deepen	VERB
gujaf-82	35	11	indicatorm2	indicatorm2	PROPN
gujaf-82	35	12	/	/	SYM
gujaf-82	35	13	gdp	gdp	NOUN
gujaf-82	35	14	and	and	CCONJ
gujaf-82	35	15	stock	stock	NOUN
gujaf-82	35	16	market	market	NOUN
gujaf-82	35	17	liquidity	liquidity	NOUN
gujaf-82	35	18	in	in	ADP
gujaf-82	35	19	nigeria	nigeria	PROPN
gujaf-82	35	20	.	.	PUNCT
gujaf-82	36	1	v.	v.	ADP
gujaf-82	36	2	to	to	PART
gujaf-82	36	3	assess	assess	VERB
gujaf-82	36	4	the	the	DET
gujaf-82	36	5	relationship	relationship	NOUN
gujaf-82	36	6	between	between	ADP
gujaf-82	36	7	financial	financial	ADJ
gujaf-82	36	8	deepening	deepening	NOUN
gujaf-82	36	9	indicatorcps	indicatorcps	PROPN
gujaf-82	36	10	/	/	SYM
gujaf-82	36	11	gdp	gdp	PROPN
gujaf-82	36	12	and	and	CCONJ
gujaf-82	36	13	stock	stock	NOUN
gujaf-82	36	14	market	market	NOUN
gujaf-82	36	15	liquidity	liquidity	NOUN
gujaf-82	36	16	in	in	ADP
gujaf-82	36	17	nigeria	nigeria	PROPN
gujaf-82	36	18	.	.	PUNCT
gujaf-82	37	1	vi	vi	X
gujaf-82	37	2	.	.	PUNCT
gujaf-82	37	3	to	to	PART
gujaf-82	37	4	evaluate	evaluate	VERB
gujaf-82	37	5	the	the	DET
gujaf-82	37	6	relationship	relationship	NOUN
gujaf-82	37	7	between	between	ADP
gujaf-82	37	8	financial	financial	ADJ
gujaf-82	37	9	deepening	deepening	NOUN
gujaf-82	37	10	measured	measure	VERB
gujaf-82	37	11	as	as	ADP
gujaf-82	37	12	mcap	mcap	NOUN
gujaf-82	37	13	/	/	SYM
gujaf-82	37	14	gdp	gdp	NOUN
gujaf-82	37	15	and	and	CCONJ
gujaf-82	37	16	stock	stock	NOUN
gujaf-82	37	17	market	market	NOUN
gujaf-82	37	18	liquidity	liquidity	NOUN
gujaf-82	37	19	in	in	ADP
gujaf-82	37	20	nigeria	nigeria	PROPN
gujaf-82	37	21	.	.	PUNCT
gujaf-82	38	1	in	in	ADP
gujaf-82	38	2	this	this	DET
gujaf-82	38	3	paper	paper	NOUN
gujaf-82	38	4	,	,	PUNCT
gujaf-82	38	5	in	in	ADP
gujaf-82	38	6	addition	addition	NOUN
gujaf-82	38	7	to	to	ADP
gujaf-82	38	8	this	this	DET
gujaf-82	38	9	introduction	introduction	NOUN
gujaf-82	38	10	,	,	PUNCT
gujaf-82	38	11	section	section	NOUN
gujaf-82	38	12	two	two	NUM
gujaf-82	38	13	is	be	AUX
gujaf-82	38	14	on	on	ADP
gujaf-82	38	15	literature	literature	NOUN
gujaf-82	38	16	review	review	NOUN
gujaf-82	38	17	while	while	SCONJ
gujaf-82	38	18	the	the	DET
gujaf-82	38	19	description	description	NOUN
gujaf-82	38	20	of	of	ADP
gujaf-82	38	21	the	the	DET
gujaf-82	38	22	methods	method	NOUN
gujaf-82	38	23	of	of	ADP
gujaf-82	38	24	analysis	analysis	NOUN
gujaf-82	38	25	and	and	CCONJ
gujaf-82	38	26	estimation	estimation	NOUN
gujaf-82	38	27	are	be	AUX
gujaf-82	38	28	reported	report	VERB
gujaf-82	38	29	in	in	ADP
gujaf-82	38	30	section	section	NOUN
gujaf-82	38	31	three	three	NUM
gujaf-82	38	32	.	.	PUNCT
gujaf-82	39	1	empirical	empirical	ADJ
gujaf-82	39	2	results	result	NOUN
gujaf-82	39	3	and	and	CCONJ
gujaf-82	39	4	discussion	discussion	NOUN
gujaf-82	39	5	of	of	ADP
gujaf-82	39	6	findings	finding	NOUN
gujaf-82	39	7	are	be	AUX
gujaf-82	39	8	contained	contain	VERB
gujaf-82	39	9	in	in	ADP
gujaf-82	39	10	section	section	NOUN
gujaf-82	39	11	four	four	NUM
gujaf-82	39	12	while	while	SCONJ
gujaf-82	39	13	section	section	NOUN
gujaf-82	39	14	five	five	NUM
gujaf-82	39	15	concludes	conclude	VERB
gujaf-82	39	16	the	the	DET
gujaf-82	39	17	paper	paper	NOUN
gujaf-82	39	18	and	and	CCONJ
gujaf-82	39	19	offer	offer	VERB
gujaf-82	39	20	some	some	DET
gujaf-82	39	21	policy	policy	NOUN
gujaf-82	39	22	recommendations	recommendation	NOUN
gujaf-82	39	23	.	.	PUNCT
gujaf-82	40	1	2	2	X
gujaf-82	40	2	.	.	X
gujaf-82	40	3	literature	literature	PROPN
gujaf-82	40	4	review	review	VERB
gujaf-82	40	5	financial	financial	ADJ
gujaf-82	40	6	deepening	deepening	NOUN
gujaf-82	40	7	,	,	PUNCT
gujaf-82	40	8	which	which	PRON
gujaf-82	40	9	focuses	focus	VERB
gujaf-82	40	10	more	more	ADJ
gujaf-82	40	11	on	on	ADP
gujaf-82	40	12	the	the	DET
gujaf-82	40	13	process	process	NOUN
gujaf-82	40	14	and	and	CCONJ
gujaf-82	40	15	growth	growth	NOUN
gujaf-82	40	16	of	of	ADP
gujaf-82	40	17	financial	financial	ADJ
gujaf-82	40	18	intermediation	intermediation	NOUN
gujaf-82	40	19	,	,	PUNCT
gujaf-82	40	20	refers	refer	VERB
gujaf-82	40	21	to	to	ADP
gujaf-82	40	22	the	the	DET
gujaf-82	40	23	expansion	expansion	NOUN
gujaf-82	40	24	of	of	ADP
gujaf-82	40	25	the	the	DET
gujaf-82	40	26	financial	financial	ADJ
gujaf-82	40	27	services	service	NOUN
gujaf-82	40	28	in	in	ADP
gujaf-82	40	29	terms	term	NOUN
gujaf-82	40	30	of	of	ADP
gujaf-82	40	31	depth	depth	NOUN
gujaf-82	40	32	.	.	PUNCT
gujaf-82	41	1	it	it	PRON
gujaf-82	41	2	also	also	ADV
gujaf-82	41	3	signals	signal	VERB
gujaf-82	41	4	a	a	DET
gujaf-82	41	5	greater	great	ADJ
gujaf-82	41	6	penetration	penetration	NOUN
gujaf-82	41	7	of	of	ADP
gujaf-82	41	8	all	all	DET
gujaf-82	41	9	strata	strata	NOUN
gujaf-82	41	10	of	of	ADP
gujaf-82	41	11	the	the	DET
gujaf-82	41	12	society	society	NOUN
gujaf-82	41	13	with	with	ADP
gujaf-82	41	14	varieties	variety	NOUN
gujaf-82	41	15	of	of	ADP
gujaf-82	41	16	financial	financial	ADJ
gujaf-82	41	17	services	service	NOUN
gujaf-82	41	18	.	.	PUNCT
gujaf-82	42	1	alenoghena	alenoghena	ADV
gujaf-82	42	2	,	,	PUNCT
gujaf-82	42	3	et	et	PROPN
gujaf-82	42	4	al	al	PROPN
gujaf-82	42	5	.	.	PUNCT
gujaf-82	43	1	(	(	PUNCT
gujaf-82	43	2	2014	2014	NUM
gujaf-82	43	3	)	)	PUNCT
gujaf-82	43	4	also	also	ADV
gujaf-82	43	5	conceptualise	conceptualise	VERB
gujaf-82	43	6	financial	financial	ADJ
gujaf-82	43	7	deepening	deepening	NOUN
gujaf-82	43	8	as	as	ADP
gujaf-82	43	9	the	the	DET
gujaf-82	43	10	capacity	capacity	NOUN
gujaf-82	43	11	of	of	ADP
gujaf-82	43	12	financial	financial	ADJ
gujaf-82	43	13	institutions	institution	NOUN
gujaf-82	43	14	to	to	PART
gujaf-82	43	15	execute	execute	VERB
gujaf-82	43	16	effectively	effectively	ADV
gujaf-82	43	17	financial	financial	ADJ
gujaf-82	43	18	intermediation	intermediation	NOUN
gujaf-82	43	19	function	function	NOUN
gujaf-82	43	20	of	of	ADP
gujaf-82	43	21	savings	saving	NOUN
gujaf-82	43	22	mobilisation	mobilisation	NOUN
gujaf-82	43	23	for	for	ADP
gujaf-82	43	24	investment	investment	NOUN
gujaf-82	43	25	purposes	purpose	NOUN
gujaf-82	43	26	.	.	PUNCT
gujaf-82	44	1	according	accord	VERB
gujaf-82	44	2	to	to	ADP
gujaf-82	44	3	bakang	bakang	PROPN
gujaf-82	44	4	(	(	PUNCT
gujaf-82	44	5	2015	2015	NUM
gujaf-82	44	6	)	)	PUNCT
gujaf-82	44	7	,	,	PUNCT
gujaf-82	44	8	financial	financial	ADJ
gujaf-82	44	9	deepening	deepening	NOUN
gujaf-82	44	10	is	be	AUX
gujaf-82	44	11	the	the	DET
gujaf-82	44	12	increase	increase	NOUN
gujaf-82	44	13	in	in	ADP
gujaf-82	44	14	the	the	DET
gujaf-82	44	15	supply	supply	NOUN
gujaf-82	44	16	of	of	ADP
gujaf-82	44	17	financial	financial	ADJ
gujaf-82	44	18	assets	asset	NOUN
gujaf-82	44	19	in	in	ADP
gujaf-82	44	20	the	the	DET
gujaf-82	44	21	economy	economy	NOUN
gujaf-82	44	22	.	.	PUNCT
gujaf-82	45	1	in	in	ADP
gujaf-82	45	2	other	other	ADJ
gujaf-82	45	3	words	word	NOUN
gujaf-82	45	4	,	,	PUNCT
gujaf-82	45	5	financial	financial	ADJ
gujaf-82	45	6	deepening	deepening	NOUN
gujaf-82	45	7	refers	refer	VERB
gujaf-82	45	8	to	to	ADP
gujaf-82	45	9	the	the	DET
gujaf-82	45	10	ability	ability	NOUN
gujaf-82	45	11	of	of	ADP
gujaf-82	45	12	financial	financial	ADJ
gujaf-82	45	13	institutions	institution	NOUN
gujaf-82	45	14	to	to	PART
gujaf-82	45	15	facilitate	facilitate	VERB
gujaf-82	45	16	financial	financial	ADJ
gujaf-82	45	17	intermediation	intermediation	NOUN
gujaf-82	45	18	;	;	PUNCT
gujaf-82	45	19	create	create	VERB
gujaf-82	45	20	and	and	CCONJ
gujaf-82	45	21	develop	develop	VERB
gujaf-82	45	22	financial	financial	ADJ
gujaf-82	45	23	services	service	NOUN
gujaf-82	45	24	and	and	CCONJ
gujaf-82	45	25	render	render	VERB
gujaf-82	45	26	these	these	DET
gujaf-82	45	27	gusau	gusau	ADJ
gujaf-82	45	28	journal	journal	NOUN
gujaf-82	45	29	of	of	ADP
gujaf-82	45	30	accounting	accounting	NOUN
gujaf-82	45	31	and	and	CCONJ
gujaf-82	45	32	finance	finance	NOUN
gujaf-82	45	33	,	,	PUNCT
gujaf-82	45	34	vol	vol	NOUN
gujaf-82	45	35	.	.	PROPN
gujaf-82	45	36	2	2	NUM
gujaf-82	45	37	,	,	PUNCT
gujaf-82	45	38	issue	issue	NOUN
gujaf-82	45	39	2	2	NUM
gujaf-82	45	40	,	,	PUNCT
gujaf-82	45	41	april	april	PROPN
gujaf-82	45	42	,	,	PUNCT
gujaf-82	45	43	2021	2021	NUM
gujaf-82	45	44	4	4	NUM
gujaf-82	45	45	services	service	NOUN
gujaf-82	45	46	at	at	ADP
gujaf-82	45	47	affordable	affordable	ADJ
gujaf-82	45	48	rate	rate	NOUN
gujaf-82	45	49	in	in	ADP
gujaf-82	45	50	an	an	DET
gujaf-82	45	51	economy	economy	NOUN
gujaf-82	45	52	to	to	PART
gujaf-82	45	53	facilitate	facilitate	VERB
gujaf-82	45	54	growth	growth	NOUN
gujaf-82	45	55	of	of	ADP
gujaf-82	45	56	business	business	NOUN
gujaf-82	45	57	enterprises	enterprise	NOUN
gujaf-82	45	58	(	(	PUNCT
gujaf-82	45	59	john	john	PROPN
gujaf-82	45	60	&	&	CCONJ
gujaf-82	45	61	ibenta	ibenta	PROPN
gujaf-82	45	62	,	,	PUNCT
gujaf-82	45	63	2017	2017	NUM
gujaf-82	45	64	)	)	PUNCT
gujaf-82	45	65	.	.	PUNCT
gujaf-82	46	1	financial	financial	ADJ
gujaf-82	46	2	deepening	deepening	NOUN
gujaf-82	46	3	is	be	AUX
gujaf-82	46	4	variously	variously	ADV
gujaf-82	46	5	defined	define	VERB
gujaf-82	46	6	as	as	ADP
gujaf-82	46	7	an	an	DET
gujaf-82	46	8	increase	increase	NOUN
gujaf-82	46	9	in	in	ADP
gujaf-82	46	10	the	the	DET
gujaf-82	46	11	stock	stock	NOUN
gujaf-82	46	12	of	of	ADP
gujaf-82	46	13	financial	financial	ADJ
gujaf-82	46	14	asset	asset	NOUN
gujaf-82	46	15	,	,	PUNCT
gujaf-82	46	16	sub	sub	NOUN
gujaf-82	46	17	markets	market	NOUN
gujaf-82	46	18	,	,	PUNCT
gujaf-82	46	19	money	money	NOUN
gujaf-82	46	20	supply	supply	NOUN
gujaf-82	46	21	,	,	PUNCT
gujaf-82	46	22	access	access	NOUN
gujaf-82	46	23	to	to	ADP
gujaf-82	46	24	credit	credit	NOUN
gujaf-82	46	25	;	;	PUNCT
gujaf-82	46	26	which	which	PRON
gujaf-82	46	27	brings	bring	VERB
gujaf-82	46	28	about	about	ADP
gujaf-82	46	29	increased	increase	VERB
gujaf-82	46	30	provision	provision	NOUN
gujaf-82	46	31	of	of	ADP
gujaf-82	46	32	financial	financial	ADJ
gujaf-82	46	33	services	service	NOUN
gujaf-82	46	34	,	,	PUNCT
gujaf-82	46	35	of	of	ADP
gujaf-82	46	36	a	a	DET
gujaf-82	46	37	wider	wide	ADJ
gujaf-82	46	38	choice	choice	NOUN
gujaf-82	46	39	of	of	ADP
gujaf-82	46	40	services	service	NOUN
gujaf-82	46	41	and	and	CCONJ
gujaf-82	46	42	better	well	ADJ
gujaf-82	46	43	access	access	NOUN
gujaf-82	46	44	for	for	ADP
gujaf-82	46	45	different	different	ADJ
gujaf-82	46	46	socio	socio	NOUN
gujaf-82	46	47	-	-	PUNCT
gujaf-82	46	48	economic	economic	ADJ
gujaf-82	46	49	groups	group	NOUN
gujaf-82	46	50	and	and	CCONJ
gujaf-82	46	51	individuals	individual	NOUN
gujaf-82	46	52	(	(	PUNCT
gujaf-82	46	53	godfrey	godfrey	PROPN
gujaf-82	46	54	&	&	CCONJ
gujaf-82	46	55	agwu	agwu	PROPN
gujaf-82	46	56	,	,	PUNCT
gujaf-82	46	57	2020	2020	NUM
gujaf-82	46	58	;	;	PUNCT
gujaf-82	46	59	wanja	wanja	NOUN
gujaf-82	46	60	,	,	PUNCT
gujaf-82	46	61	2017	2017	NUM
gujaf-82	46	62	)	)	PUNCT
gujaf-82	46	63	.	.	PUNCT
gujaf-82	47	1	four	four	NUM
gujaf-82	47	2	theories	theory	NOUN
gujaf-82	47	3	that	that	PRON
gujaf-82	47	4	are	be	AUX
gujaf-82	47	5	related	relate	VERB
gujaf-82	47	6	to	to	ADP
gujaf-82	47	7	financial	financial	ADJ
gujaf-82	47	8	deepening	deepening	NOUN
gujaf-82	47	9	/	/	SYM
gujaf-82	47	10	development	development	NOUN
gujaf-82	47	11	reviewed	review	VERB
gujaf-82	47	12	in	in	ADP
gujaf-82	47	13	this	this	DET
gujaf-82	47	14	paper	paper	NOUN
gujaf-82	47	15	are	be	AUX
gujaf-82	47	16	the	the	DET
gujaf-82	47	17	finance	finance	NOUN
gujaf-82	47	18	-	-	PUNCT
gujaf-82	47	19	growth	growth	NOUN
gujaf-82	47	20	led	lead	VERB
gujaf-82	47	21	hypothesis	hypothesis	NOUN
gujaf-82	47	22	,	,	PUNCT
gujaf-82	47	23	the	the	DET
gujaf-82	47	24	supply	supply	NOUN
gujaf-82	47	25	-	-	PUNCT
gujaf-82	47	26	leading	lead	VERB
gujaf-82	47	27	theory	theory	NOUN
gujaf-82	47	28	,	,	PUNCT
gujaf-82	47	29	the	the	DET
gujaf-82	47	30	financial	financial	ADJ
gujaf-82	47	31	liberalization	liberalization	NOUN
gujaf-82	47	32	theory	theory	NOUN
gujaf-82	47	33	and	and	CCONJ
gujaf-82	47	34	the	the	DET
gujaf-82	47	35	keynesian	keynesian	ADJ
gujaf-82	47	36	theory	theory	NOUN
gujaf-82	47	37	of	of	ADP
gujaf-82	47	38	financial	financial	ADJ
gujaf-82	47	39	deepening	deepening	NOUN
gujaf-82	47	40	.	.	PUNCT
gujaf-82	48	1	the	the	DET
gujaf-82	48	2	finance	finance	NOUN
gujaf-82	48	3	-	-	PUNCT
gujaf-82	48	4	growth	growth	NOUN
gujaf-82	48	5	led	lead	VERB
gujaf-82	48	6	hypothesis	hypothesis	NOUN
gujaf-82	48	7	of	of	ADP
gujaf-82	48	8	the	the	DET
gujaf-82	48	9	schumpeterian	schumpeterian	ADJ
gujaf-82	48	10	school	school	NOUN
gujaf-82	48	11	of	of	ADP
gujaf-82	48	12	thought	thought	NOUN
gujaf-82	48	13	recognizes	recognize	VERB
gujaf-82	48	14	the	the	DET
gujaf-82	48	15	cardinal	cardinal	ADJ
gujaf-82	48	16	positive	positive	ADJ
gujaf-82	48	17	role	role	NOUN
gujaf-82	48	18	of	of	ADP
gujaf-82	48	19	financial	financial	ADJ
gujaf-82	48	20	institutions	institution	NOUN
gujaf-82	48	21	and	and	CCONJ
gujaf-82	48	22	markets	market	NOUN
gujaf-82	48	23	such	such	ADJ
gujaf-82	48	24	as	as	ADP
gujaf-82	48	25	the	the	DET
gujaf-82	48	26	capital	capital	NOUN
gujaf-82	48	27	market	market	NOUN
gujaf-82	48	28	in	in	ADP
gujaf-82	48	29	making	make	VERB
gujaf-82	48	30	loanable	loanable	ADJ
gujaf-82	48	31	and	and	CCONJ
gujaf-82	48	32	investible	investible	ADJ
gujaf-82	48	33	funds	fund	NOUN
gujaf-82	48	34	available	available	ADJ
gujaf-82	48	35	,	,	PUNCT
gujaf-82	48	36	by	by	ADP
gujaf-82	48	37	intermediating	intermediate	VERB
gujaf-82	48	38	between	between	ADP
gujaf-82	48	39	the	the	DET
gujaf-82	48	40	savers	saver	NOUN
gujaf-82	48	41	and	and	CCONJ
gujaf-82	48	42	borrowers	borrower	NOUN
gujaf-82	48	43	.	.	PUNCT
gujaf-82	49	1	these	these	DET
gujaf-82	49	2	funds	fund	NOUN
gujaf-82	49	3	when	when	SCONJ
gujaf-82	49	4	made	make	VERB
gujaf-82	49	5	available	available	ADJ
gujaf-82	49	6	to	to	ADP
gujaf-82	49	7	business	business	NOUN
gujaf-82	49	8	enterprises	enterprise	NOUN
gujaf-82	49	9	could	could	AUX
gujaf-82	49	10	facilitate	facilitate	VERB
gujaf-82	49	11	innovation	innovation	NOUN
gujaf-82	49	12	,	,	PUNCT
gujaf-82	49	13	technology	technology	NOUN
gujaf-82	49	14	and	and	CCONJ
gujaf-82	49	15	other	other	ADJ
gujaf-82	49	16	productive	productive	ADJ
gujaf-82	49	17	operation	operation	NOUN
gujaf-82	49	18	capable	capable	ADJ
gujaf-82	49	19	of	of	ADP
gujaf-82	49	20	contributing	contribute	VERB
gujaf-82	49	21	to	to	ADP
gujaf-82	49	22	real	real	ADJ
gujaf-82	49	23	sector	sector	NOUN
gujaf-82	49	24	growth	growth	NOUN
gujaf-82	49	25	.	.	PUNCT
gujaf-82	50	1	the	the	DET
gujaf-82	50	2	supply	supply	NOUN
gujaf-82	50	3	-	-	PUNCT
gujaf-82	50	4	leading	lead	VERB
gujaf-82	50	5	hypothesis	hypothesis	NOUN
gujaf-82	50	6	postulates	postulate	VERB
gujaf-82	50	7	that	that	SCONJ
gujaf-82	50	8	financial	financial	ADJ
gujaf-82	50	9	development	development	NOUN
gujaf-82	50	10	is	be	AUX
gujaf-82	50	11	positively	positively	ADV
gujaf-82	50	12	signed	sign	VERB
gujaf-82	50	13	with	with	ADP
gujaf-82	50	14	economic	economic	ADJ
gujaf-82	50	15	growth	growth	NOUN
gujaf-82	50	16	with	with	ADP
gujaf-82	50	17	a	a	DET
gujaf-82	50	18	unidirectional	unidirectional	ADJ
gujaf-82	50	19	causality	causality	NOUN
gujaf-82	50	20	running	run	VERB
gujaf-82	50	21	from	from	ADP
gujaf-82	50	22	the	the	DET
gujaf-82	50	23	financial	financial	ADJ
gujaf-82	50	24	development	development	NOUN
gujaf-82	50	25	to	to	ADP
gujaf-82	50	26	economic	economic	ADJ
gujaf-82	50	27	growth	growth	NOUN
gujaf-82	50	28	.	.	PUNCT
gujaf-82	51	1	this	this	PRON
gujaf-82	51	2	emphasises	emphasise	VERB
gujaf-82	51	3	the	the	DET
gujaf-82	51	4	positive	positive	ADJ
gujaf-82	51	5	role	role	NOUN
gujaf-82	51	6	of	of	ADP
gujaf-82	51	7	the	the	DET
gujaf-82	51	8	financial	financial	ADJ
gujaf-82	51	9	sector	sector	NOUN
gujaf-82	51	10	in	in	ADP
gujaf-82	51	11	promoting	promote	VERB
gujaf-82	51	12	the	the	DET
gujaf-82	51	13	growth	growth	NOUN
gujaf-82	51	14	of	of	ADP
gujaf-82	51	15	the	the	DET
gujaf-82	51	16	economy	economy	NOUN
gujaf-82	51	17	.	.	PUNCT
gujaf-82	52	1	financial	financial	ADJ
gujaf-82	52	2	deepening	deepening	NOUN
gujaf-82	52	3	leads	lead	VERB
gujaf-82	52	4	to	to	ADP
gujaf-82	52	5	expansion	expansion	NOUN
gujaf-82	52	6	in	in	ADP
gujaf-82	52	7	financial	financial	ADJ
gujaf-82	52	8	products	product	NOUN
gujaf-82	52	9	and	and	CCONJ
gujaf-82	52	10	services	service	NOUN
gujaf-82	52	11	,	,	PUNCT
gujaf-82	52	12	thereby	thereby	ADV
gujaf-82	52	13	resulting	result	VERB
gujaf-82	52	14	in	in	ADP
gujaf-82	52	15	financial	financial	ADJ
gujaf-82	52	16	development	development	NOUN
gujaf-82	52	17	,	,	PUNCT
gujaf-82	52	18	in	in	ADP
gujaf-82	52	19	terms	term	NOUN
gujaf-82	52	20	of	of	ADP
gujaf-82	52	21	depth	depth	NOUN
gujaf-82	52	22	,	,	PUNCT
gujaf-82	52	23	size	size	NOUN
gujaf-82	52	24	,	,	PUNCT
gujaf-82	52	25	of	of	ADP
gujaf-82	52	26	the	the	DET
gujaf-82	52	27	financial	financial	ADJ
gujaf-82	52	28	sector	sector	NOUN
gujaf-82	52	29	.	.	PUNCT
gujaf-82	53	1	the	the	DET
gujaf-82	53	2	supply	supply	NOUN
gujaf-82	53	3	leading	lead	VERB
gujaf-82	53	4	theory	theory	NOUN
gujaf-82	53	5	is	be	AUX
gujaf-82	53	6	reinforced	reinforce	VERB
gujaf-82	53	7	by	by	ADP
gujaf-82	53	8	the	the	DET
gujaf-82	53	9	financial	financial	ADJ
gujaf-82	53	10	liberation	liberation	NOUN
gujaf-82	53	11	theory	theory	NOUN
gujaf-82	53	12	.	.	PUNCT
gujaf-82	54	1	financial	financial	ADJ
gujaf-82	54	2	liberalization	liberalization	NOUN
gujaf-82	54	3	has	have	AUX
gujaf-82	54	4	been	be	AUX
gujaf-82	54	5	defined	define	VERB
gujaf-82	54	6	as	as	ADP
gujaf-82	54	7	a	a	DET
gujaf-82	54	8	set	set	NOUN
gujaf-82	54	9	of	of	ADP
gujaf-82	54	10	measures	measure	NOUN
gujaf-82	54	11	intended	intend	VERB
gujaf-82	54	12	to	to	PART
gujaf-82	54	13	remove	remove	VERB
gujaf-82	54	14	any	any	DET
gujaf-82	54	15	undesirable	undesirable	ADJ
gujaf-82	54	16	government	government	NOUN
gujaf-82	54	17	-	-	PUNCT
gujaf-82	54	18	imposed	impose	VERB
gujaf-82	54	19	constraints	constraint	NOUN
gujaf-82	54	20	on	on	ADP
gujaf-82	54	21	the	the	DET
gujaf-82	54	22	free	free	ADJ
gujaf-82	54	23	working	working	NOUN
gujaf-82	54	24	of	of	ADP
gujaf-82	54	25	the	the	DET
gujaf-82	54	26	financial	financial	ADJ
gujaf-82	54	27	markets	market	NOUN
gujaf-82	54	28	,	,	PUNCT
gujaf-82	54	29	such	such	ADJ
gujaf-82	54	30	as	as	ADP
gujaf-82	54	31	the	the	DET
gujaf-82	54	32	capital	capital	NOUN
gujaf-82	54	33	market	market	NOUN
gujaf-82	54	34	(	(	PUNCT
gujaf-82	54	35	alenoghena	alenoghena	ADV
gujaf-82	54	36	,	,	PUNCT
gujaf-82	54	37	et	et	PROPN
gujaf-82	54	38	al	al	PROPN
gujaf-82	54	39	.	.	PROPN
gujaf-82	54	40	,	,	PUNCT
gujaf-82	54	41	2014	2014	NUM
gujaf-82	54	42	)	)	PUNCT
gujaf-82	54	43	.	.	PUNCT
gujaf-82	55	1	thus	thus	ADV
gujaf-82	55	2	,	,	PUNCT
gujaf-82	55	3	financial	financial	ADJ
gujaf-82	55	4	liberalization	liberalization	NOUN
gujaf-82	55	5	means	mean	VERB
gujaf-82	55	6	removal	removal	NOUN
gujaf-82	55	7	of	of	ADP
gujaf-82	55	8	government	government	NOUN
gujaf-82	55	9	imposed	impose	VERB
gujaf-82	55	10	restrictions	restriction	NOUN
gujaf-82	55	11	,	,	PUNCT
gujaf-82	55	12	controls	control	NOUN
gujaf-82	55	13	from	from	ADP
gujaf-82	55	14	the	the	DET
gujaf-82	55	15	financial	financial	ADJ
gujaf-82	55	16	markets	market	NOUN
gujaf-82	55	17	,	,	PUNCT
gujaf-82	55	18	like	like	ADP
gujaf-82	55	19	restriction	restriction	NOUN
gujaf-82	55	20	on	on	ADP
gujaf-82	55	21	credit	credit	NOUN
gujaf-82	55	22	,	,	PUNCT
gujaf-82	55	23	capital	capital	NOUN
gujaf-82	55	24	mobility	mobility	NOUN
gujaf-82	55	25	,	,	PUNCT
gujaf-82	55	26	currency	currency	NOUN
gujaf-82	55	27	convertibility	convertibility	NOUN
gujaf-82	55	28	and	and	CCONJ
gujaf-82	55	29	interchangeability	interchangeability	NOUN
gujaf-82	55	30	.	.	PUNCT
gujaf-82	56	1	for	for	SCONJ
gujaf-82	56	2	the	the	DET
gujaf-82	56	3	financial	financial	ADJ
gujaf-82	56	4	sector	sector	NOUN
gujaf-82	56	5	to	to	PART
gujaf-82	56	6	actually	actually	ADV
gujaf-82	56	7	spur	spur	VERB
gujaf-82	56	8	economic	economic	ADJ
gujaf-82	56	9	growth	growth	NOUN
gujaf-82	56	10	,	,	PUNCT
gujaf-82	56	11	though	though	SCONJ
gujaf-82	56	12	it	it	PRON
gujaf-82	56	13	needs	need	VERB
gujaf-82	56	14	regulation	regulation	NOUN
gujaf-82	56	15	,	,	PUNCT
gujaf-82	56	16	but	but	CCONJ
gujaf-82	56	17	the	the	DET
gujaf-82	56	18	sector	sector	NOUN
gujaf-82	56	19	should	should	AUX
gujaf-82	56	20	be	be	AUX
gujaf-82	56	21	given	give	VERB
gujaf-82	56	22	some	some	PRON
gujaf-82	56	23	of	of	ADP
gujaf-82	56	24	liberalization	liberalization	NOUN
gujaf-82	56	25	that	that	PRON
gujaf-82	56	26	could	could	AUX
gujaf-82	56	27	curtail	curtail	VERB
gujaf-82	56	28	their	their	PRON
gujaf-82	56	29	initiatives	initiative	NOUN
gujaf-82	56	30	and	and	CCONJ
gujaf-82	56	31	activities	activity	NOUN
gujaf-82	56	32	,	,	PUNCT
gujaf-82	56	33	so	so	SCONJ
gujaf-82	56	34	as	as	SCONJ
gujaf-82	56	35	to	to	PART
gujaf-82	56	36	be	be	AUX
gujaf-82	56	37	able	able	ADJ
gujaf-82	56	38	to	to	PART
gujaf-82	56	39	actually	actually	ADV
gujaf-82	56	40	spur	spur	VERB
gujaf-82	56	41	economic	economic	ADJ
gujaf-82	56	42	growth	growth	NOUN
gujaf-82	56	43	.	.	PUNCT
gujaf-82	57	1	in	in	ADP
gujaf-82	57	2	the	the	DET
gujaf-82	57	3	keynesian	keynesian	ADJ
gujaf-82	57	4	theory	theory	NOUN
gujaf-82	57	5	of	of	ADP
gujaf-82	57	6	financial	financial	ADJ
gujaf-82	57	7	deepening	deepening	NOUN
gujaf-82	57	8	,	,	PUNCT
gujaf-82	57	9	the	the	DET
gujaf-82	57	10	emphasis	emphasis	NOUN
gujaf-82	57	11	is	be	AUX
gujaf-82	57	12	on	on	ADP
gujaf-82	57	13	the	the	DET
gujaf-82	57	14	role	role	NOUN
gujaf-82	57	15	of	of	ADP
gujaf-82	57	16	the	the	DET
gujaf-82	57	17	public	public	ADJ
gujaf-82	57	18	sector	sector	NOUN
gujaf-82	57	19	expenditure	expenditure	NOUN
gujaf-82	57	20	,	,	PUNCT
gujaf-82	57	21	which	which	PRON
gujaf-82	57	22	brings	bring	VERB
gujaf-82	57	23	about	about	ADP
gujaf-82	57	24	liquidity	liquidity	NOUN
gujaf-82	57	25	injection	injection	NOUN
gujaf-82	57	26	in	in	ADP
gujaf-82	57	27	the	the	DET
gujaf-82	57	28	economy	economy	NOUN
gujaf-82	57	29	,	,	PUNCT
gujaf-82	57	30	which	which	PRON
gujaf-82	57	31	ultimately	ultimately	ADV
gujaf-82	57	32	increases	increase	VERB
gujaf-82	57	33	aggregate	aggregate	ADJ
gujaf-82	57	34	demand	demand	NOUN
gujaf-82	57	35	and	and	CCONJ
gujaf-82	57	36	income	income	NOUN
gujaf-82	57	37	,	,	PUNCT
gujaf-82	57	38	thereby	thereby	ADV
gujaf-82	57	39	raising	raise	VERB
gujaf-82	57	40	demand	demand	NOUN
gujaf-82	57	41	for	for	ADP
gujaf-82	57	42	money	money	NOUN
gujaf-82	57	43	.	.	PUNCT
gujaf-82	58	1	this	this	DET
gujaf-82	58	2	money	money	NOUN
gujaf-82	58	3	injection	injection	NOUN
gujaf-82	58	4	is	be	AUX
gujaf-82	58	5	what	what	PRON
gujaf-82	58	6	drives	drive	VERB
gujaf-82	58	7	financial	financial	ADJ
gujaf-82	58	8	deepening	deepening	NOUN
gujaf-82	58	9	.	.	PUNCT
gujaf-82	59	1	thus	thus	ADV
gujaf-82	59	2	,	,	PUNCT
gujaf-82	59	3	according	accord	VERB
gujaf-82	59	4	to	to	ADP
gujaf-82	59	5	this	this	DET
gujaf-82	59	6	theory	theory	NOUN
gujaf-82	59	7	,	,	PUNCT
gujaf-82	59	8	financial	financial	ADJ
gujaf-82	59	9	deepening	deepening	NOUN
gujaf-82	59	10	is	be	AUX
gujaf-82	59	11	increase	increase	NOUN
gujaf-82	59	12	in	in	ADP
gujaf-82	59	13	money	money	NOUN
gujaf-82	59	14	indicators	indicator	NOUN
gujaf-82	59	15	relative	relative	ADJ
gujaf-82	59	16	to	to	ADP
gujaf-82	59	17	the	the	DET
gujaf-82	59	18	other	other	ADJ
gujaf-82	59	19	assets	asset	NOUN
gujaf-82	59	20	in	in	ADP
gujaf-82	59	21	the	the	DET
gujaf-82	59	22	economy	economy	NOUN
gujaf-82	59	23	as	as	ADV
gujaf-82	59	24	well	well	ADV
gujaf-82	59	25	as	as	ADP
gujaf-82	59	26	its	its	PRON
gujaf-82	59	27	contribution	contribution	NOUN
gujaf-82	59	28	to	to	ADP
gujaf-82	59	29	the	the	DET
gujaf-82	59	30	gross	gross	ADJ
gujaf-82	59	31	domestic	domestic	ADJ
gujaf-82	59	32	product	product	NOUN
gujaf-82	59	33	.	.	PUNCT
gujaf-82	60	1	this	this	DET
gujaf-82	60	2	cash	cash	NOUN
gujaf-82	60	3	injection	injection	NOUN
gujaf-82	60	4	will	will	AUX
gujaf-82	60	5	ultimately	ultimately	ADV
gujaf-82	60	6	facilitate	facilitate	VERB
gujaf-82	60	7	full	full	ADJ
gujaf-82	60	8	employment	employment	NOUN
gujaf-82	60	9	,	,	PUNCT
gujaf-82	60	10	and	and	CCONJ
gujaf-82	60	11	ultimately	ultimately	ADV
gujaf-82	60	12	economic	economic	ADJ
gujaf-82	60	13	growth	growth	NOUN
gujaf-82	60	14	.	.	PUNCT
gujaf-82	61	1	however	however	ADV
gujaf-82	61	2	,	,	PUNCT
gujaf-82	61	3	this	this	DET
gujaf-82	61	4	study	study	NOUN
gujaf-82	61	5	is	be	AUX
gujaf-82	61	6	underpinned	underpin	VERB
gujaf-82	61	7	by	by	ADP
gujaf-82	61	8	the	the	DET
gujaf-82	61	9	financial	financial	ADJ
gujaf-82	61	10	liberalization	liberalization	NOUN
gujaf-82	61	11	and	and	CCONJ
gujaf-82	61	12	the	the	DET
gujaf-82	61	13	keynesian	keynesian	ADJ
gujaf-82	61	14	theory	theory	NOUN
gujaf-82	61	15	of	of	ADP
gujaf-82	61	16	financial	financial	ADJ
gujaf-82	61	17	deepening	deepening	NOUN
gujaf-82	61	18	.	.	PUNCT
gujaf-82	62	1	the	the	DET
gujaf-82	62	2	choice	choice	NOUN
gujaf-82	62	3	of	of	ADP
gujaf-82	62	4	former	former	ADJ
gujaf-82	62	5	is	be	AUX
gujaf-82	62	6	due	due	ADJ
gujaf-82	62	7	to	to	ADP
gujaf-82	62	8	postulation	postulation	NOUN
gujaf-82	62	9	of	of	ADP
gujaf-82	62	10	removal	removal	NOUN
gujaf-82	62	11	of	of	ADP
gujaf-82	62	12	any	any	DET
gujaf-82	62	13	form	form	NOUN
gujaf-82	62	14	restrictions	restriction	NOUN
gujaf-82	62	15	that	that	PRON
gujaf-82	62	16	could	could	AUX
gujaf-82	62	17	limit	limit	VERB
gujaf-82	62	18	the	the	DET
gujaf-82	62	19	expansion	expansion	NOUN
gujaf-82	62	20	of	of	ADP
gujaf-82	62	21	financial	financial	ADJ
gujaf-82	62	22	craftsmanship	craftsmanship	NOUN
gujaf-82	62	23	that	that	PRON
gujaf-82	62	24	could	could	AUX
gujaf-82	62	25	ultimately	ultimately	ADV
gujaf-82	62	26	reduce	reduce	VERB
gujaf-82	62	27	the	the	DET
gujaf-82	62	28	expansion	expansion	NOUN
gujaf-82	62	29	of	of	ADP
gujaf-82	62	30	financial	financial	ADJ
gujaf-82	62	31	products	product	NOUN
gujaf-82	62	32	and	and	CCONJ
gujaf-82	62	33	services	service	NOUN
gujaf-82	62	34	.	.	PUNCT
gujaf-82	63	1	keynesian	keynesian	ADJ
gujaf-82	63	2	theory	theory	NOUN
gujaf-82	63	3	specifically	specifically	ADV
gujaf-82	63	4	focuses	focus	VERB
gujaf-82	63	5	on	on	ADP
gujaf-82	63	6	money	money	NOUN
gujaf-82	63	7	supply	supply	NOUN
gujaf-82	63	8	by	by	ADP
gujaf-82	63	9	the	the	DET
gujaf-82	63	10	state	state	NOUN
gujaf-82	63	11	as	as	ADP
gujaf-82	63	12	a	a	DET
gujaf-82	63	13	stimulant	stimulant	NOUN
gujaf-82	63	14	to	to	ADP
gujaf-82	63	15	financial	financial	ADJ
gujaf-82	63	16	sector	sector	NOUN
gujaf-82	63	17	deepening	deepening	NOUN
gujaf-82	63	18	,	,	PUNCT
gujaf-82	63	19	hence	hence	ADV
gujaf-82	63	20	its	its	PRON
gujaf-82	63	21	relevance	relevance	NOUN
gujaf-82	63	22	to	to	ADP
gujaf-82	63	23	this	this	DET
gujaf-82	63	24	study	study	NOUN
gujaf-82	63	25	.	.	PUNCT
gujaf-82	64	1	empirically	empirically	ADV
gujaf-82	64	2	,	,	PUNCT
gujaf-82	64	3	financial	financial	ADJ
gujaf-82	64	4	deepening	deepening	NOUN
gujaf-82	64	5	and	and	CCONJ
gujaf-82	64	6	capital	capital	NOUN
gujaf-82	64	7	market	market	NOUN
gujaf-82	64	8	returns	return	NOUN
gujaf-82	64	9	in	in	ADP
gujaf-82	64	10	nigeria	nigeria	PROPN
gujaf-82	64	11	investigated	investigate	VERB
gujaf-82	64	12	by	by	ADP
gujaf-82	64	13	godfrey	godfrey	PROPN
gujaf-82	64	14	and	and	CCONJ
gujaf-82	64	15	agwu	agwu	PROPN
gujaf-82	64	16	(	(	PUNCT
gujaf-82	64	17	2020	2020	NUM
gujaf-82	64	18	)	)	PUNCT
gujaf-82	64	19	via	via	ADP
gujaf-82	64	20	the	the	DET
gujaf-82	64	21	error	error	NOUN
gujaf-82	64	22	correction	correction	NOUN
gujaf-82	64	23	model	model	NOUN
gujaf-82	64	24	reports	report	VERB
gujaf-82	64	25	evidence	evidence	NOUN
gujaf-82	64	26	that	that	SCONJ
gujaf-82	64	27	financial	financial	ADJ
gujaf-82	64	28	deepening	deepening	NOUN
gujaf-82	64	29	proxy	proxy	NOUN
gujaf-82	64	30	by	by	ADP
gujaf-82	64	31	m2	m2	PROPN
gujaf-82	64	32	/	/	SYM
gujaf-82	64	33	gdp	gdp	NOUN
gujaf-82	64	34	has	have	VERB
gujaf-82	64	35	a	a	DET
gujaf-82	64	36	positive	positive	ADJ
gujaf-82	64	37	and	and	CCONJ
gujaf-82	64	38	significant	significant	ADJ
gujaf-82	64	39	impact	impact	NOUN
gujaf-82	64	40	on	on	ADP
gujaf-82	64	41	capital	capital	NOUN
gujaf-82	64	42	market	market	NOUN
gujaf-82	64	43	returns	return	NOUN
gujaf-82	64	44	in	in	ADP
gujaf-82	64	45	nigeria	nigeria	PROPN
gujaf-82	64	46	.	.	PUNCT
gujaf-82	65	1	the	the	DET
gujaf-82	65	2	authors	author	NOUN
gujaf-82	65	3	also	also	ADV
gujaf-82	65	4	found	find	VERB
gujaf-82	65	5	that	that	SCONJ
gujaf-82	65	6	financial	financial	ADJ
gujaf-82	65	7	deepeningcps	deepeningcps	PROPN
gujaf-82	65	8	/	/	SYM
gujaf-82	65	9	gdp	gdp	NOUN
gujaf-82	65	10	has	have	VERB
gujaf-82	65	11	negative	negative	ADJ
gujaf-82	65	12	and	and	CCONJ
gujaf-82	65	13	significant	significant	ADJ
gujaf-82	65	14	influence	influence	NOUN
gujaf-82	65	15	on	on	ADP
gujaf-82	65	16	the	the	DET
gujaf-82	65	17	return	return	NOUN
gujaf-82	65	18	of	of	ADP
gujaf-82	65	19	the	the	DET
gujaf-82	65	20	capital	capital	NOUN
gujaf-82	65	21	market	market	NOUN
gujaf-82	65	22	in	in	ADP
gujaf-82	65	23	nigeria	nigeria	PROPN
gujaf-82	65	24	.	.	PUNCT
gujaf-82	66	1	in	in	ADP
gujaf-82	66	2	a	a	DET
gujaf-82	66	3	related	related	ADJ
gujaf-82	66	4	study	study	NOUN
gujaf-82	66	5	,	,	PUNCT
gujaf-82	66	6	adeyeye	adeyeye	PROPN
gujaf-82	66	7	et	et	PROPN
gujaf-82	66	8	al	al	PROPN
gujaf-82	66	9	.	.	PROPN
gujaf-82	67	1	(	(	PUNCT
gujaf-82	67	2	2017	2017	NUM
gujaf-82	67	3	)	)	PUNCT
gujaf-82	67	4	examine	examine	VERB
gujaf-82	67	5	via	via	ADP
gujaf-82	67	6	gusau	gusau	ADJ
gujaf-82	67	7	journal	journal	PROPN
gujaf-82	67	8	of	of	ADP
gujaf-82	67	9	accounting	accounting	NOUN
gujaf-82	67	10	and	and	CCONJ
gujaf-82	67	11	finance	finance	NOUN
gujaf-82	67	12	,	,	PUNCT
gujaf-82	67	13	vol	vol	NOUN
gujaf-82	67	14	.	.	PROPN
gujaf-82	67	15	2	2	NUM
gujaf-82	67	16	,	,	PUNCT
gujaf-82	67	17	issue	issue	NOUN
gujaf-82	67	18	2	2	NUM
gujaf-82	67	19	,	,	PUNCT
gujaf-82	67	20	april	april	PROPN
gujaf-82	67	21	,	,	PUNCT
gujaf-82	67	22	2021	2021	NUM
gujaf-82	67	23	5	5	NUM
gujaf-82	67	24	the	the	DET
gujaf-82	67	25	generalized	generalize	VERB
gujaf-82	67	26	autoregressive	autoregressive	ADJ
gujaf-82	67	27	conditional	conditional	ADJ
gujaf-82	67	28	heteroscedasticity	heteroscedasticity	NOUN
gujaf-82	67	29	(	(	PUNCT
gujaf-82	67	30	garch	garch	NOUN
gujaf-82	67	31	)	)	PUNCT
gujaf-82	67	32	model	model	NOUN
gujaf-82	67	33	,	,	PUNCT
gujaf-82	67	34	the	the	DET
gujaf-82	67	35	effect	effect	NOUN
gujaf-82	67	36	of	of	ADP
gujaf-82	67	37	financial	financial	ADJ
gujaf-82	67	38	liberalization	liberalization	NOUN
gujaf-82	67	39	on	on	ADP
gujaf-82	67	40	the	the	DET
gujaf-82	67	41	volatility	volatility	NOUN
gujaf-82	67	42	of	of	ADP
gujaf-82	67	43	an	an	DET
gujaf-82	67	44	emerging	emerge	VERB
gujaf-82	67	45	stock	stock	NOUN
gujaf-82	67	46	market	market	NOUN
gujaf-82	67	47	in	in	ADP
gujaf-82	67	48	africa	africa	PROPN
gujaf-82	67	49	and	and	CCONJ
gujaf-82	67	50	nigeria	nigeria	PROPN
gujaf-82	67	51	in	in	ADP
gujaf-82	67	52	particular	particular	ADJ
gujaf-82	67	53	.	.	PUNCT
gujaf-82	68	1	the	the	DET
gujaf-82	68	2	author	author	NOUN
gujaf-82	68	3	assert	assert	VERB
gujaf-82	68	4	that	that	SCONJ
gujaf-82	68	5	there	there	PRON
gujaf-82	68	6	is	be	VERB
gujaf-82	68	7	a	a	DET
gujaf-82	68	8	positive	positive	ADJ
gujaf-82	68	9	association	association	NOUN
gujaf-82	68	10	between	between	ADP
gujaf-82	68	11	financial	financial	ADJ
gujaf-82	68	12	liberalization	liberalization	NOUN
gujaf-82	68	13	and	and	CCONJ
gujaf-82	68	14	market	market	NOUN
gujaf-82	68	15	risk(volatility	risk(volatility	NOUN
gujaf-82	68	16	)	)	PUNCT
gujaf-82	68	17	.	.	PUNCT
gujaf-82	69	1	in	in	ADP
gujaf-82	69	2	a	a	DET
gujaf-82	69	3	recent	recent	ADJ
gujaf-82	69	4	study	study	NOUN
gujaf-82	69	5	,	,	PUNCT
gujaf-82	69	6	yusuf	yusuf	PROPN
gujaf-82	69	7	et	et	PROPN
gujaf-82	69	8	al	al	PROPN
gujaf-82	69	9	.	.	PROPN
gujaf-82	69	10	(	(	PUNCT
gujaf-82	69	11	2020	2020	NUM
gujaf-82	69	12	)	)	PUNCT
gujaf-82	69	13	investigate	investigate	VERB
gujaf-82	69	14	the	the	DET
gujaf-82	69	15	effect	effect	NOUN
gujaf-82	69	16	of	of	ADP
gujaf-82	69	17	financial	financial	ADJ
gujaf-82	69	18	deepening	deepening	NOUN
gujaf-82	69	19	on	on	ADP
gujaf-82	69	20	stock	stock	NOUN
gujaf-82	69	21	market	market	NOUN
gujaf-82	69	22	returns	return	NOUN
gujaf-82	69	23	in	in	ADP
gujaf-82	69	24	nigeria	nigeria	PROPN
gujaf-82	69	25	via	via	ADP
gujaf-82	69	26	vector	vector	NOUN
gujaf-82	69	27	error	error	NOUN
gujaf-82	69	28	correction	correction	NOUN
gujaf-82	69	29	model	model	NOUN
gujaf-82	69	30	(	(	PUNCT
gujaf-82	69	31	vecm	vecm	NOUN
gujaf-82	69	32	)	)	PUNCT
gujaf-82	69	33	model	model	NOUN
gujaf-82	69	34	framework	framework	NOUN
gujaf-82	69	35	.	.	PUNCT
gujaf-82	70	1	the	the	DET
gujaf-82	70	2	study	study	NOUN
gujaf-82	70	3	confirms	confirm	VERB
gujaf-82	70	4	that	that	SCONJ
gujaf-82	70	5	private	private	ADJ
gujaf-82	70	6	sector	sector	NOUN
gujaf-82	70	7	credit	credit	NOUN
gujaf-82	70	8	is	be	AUX
gujaf-82	70	9	positive	positive	ADJ
gujaf-82	70	10	but	but	CCONJ
gujaf-82	70	11	insignificant	insignificant	ADJ
gujaf-82	70	12	while	while	SCONJ
gujaf-82	70	13	money	money	NOUN
gujaf-82	70	14	supply	supply	NOUN
gujaf-82	70	15	is	be	AUX
gujaf-82	70	16	positive	positive	ADJ
gujaf-82	70	17	and	and	CCONJ
gujaf-82	70	18	significant	significant	ADJ
gujaf-82	70	19	in	in	ADP
gujaf-82	70	20	enhancing	enhance	VERB
gujaf-82	70	21	stock	stock	NOUN
gujaf-82	70	22	market	market	NOUN
gujaf-82	70	23	returns	return	NOUN
gujaf-82	70	24	in	in	ADP
gujaf-82	70	25	both	both	CCONJ
gujaf-82	70	26	the	the	DET
gujaf-82	70	27	military	military	ADJ
gujaf-82	70	28	and	and	CCONJ
gujaf-82	70	29	democratic	democratic	ADJ
gujaf-82	70	30	eras	era	NOUN
gujaf-82	70	31	in	in	ADP
gujaf-82	70	32	nigeria	nigeria	PROPN
gujaf-82	70	33	.	.	PUNCT
gujaf-82	71	1	furthermore	furthermore	ADV
gujaf-82	71	2	,	,	PUNCT
gujaf-82	71	3	the	the	DET
gujaf-82	71	4	authors	author	NOUN
gujaf-82	71	5	argue	argue	VERB
gujaf-82	71	6	that	that	SCONJ
gujaf-82	71	7	,	,	PUNCT
gujaf-82	71	8	unlike	unlike	ADP
gujaf-82	71	9	a	a	DET
gujaf-82	71	10	unidirectional	unidirectional	ADJ
gujaf-82	71	11	causality	causality	NOUN
gujaf-82	71	12	that	that	PRON
gujaf-82	71	13	runs	run	VERB
gujaf-82	71	14	from	from	ADP
gujaf-82	71	15	financial	financial	ADJ
gujaf-82	71	16	deepening	deepening	NOUN
gujaf-82	71	17	to	to	ADP
gujaf-82	71	18	stock	stock	NOUN
gujaf-82	71	19	turnover	turnover	NOUN
gujaf-82	71	20	in	in	ADP
gujaf-82	71	21	the	the	DET
gujaf-82	71	22	democratic	democratic	ADJ
gujaf-82	71	23	era	era	NOUN
gujaf-82	71	24	,	,	PUNCT
gujaf-82	71	25	however	however	ADV
gujaf-82	71	26	,	,	PUNCT
gujaf-82	71	27	the	the	DET
gujaf-82	71	28	study	study	NOUN
gujaf-82	71	29	confirms	confirm	VERB
gujaf-82	71	30	evidence	evidence	NOUN
gujaf-82	71	31	of	of	ADP
gujaf-82	71	32	a	a	DET
gujaf-82	71	33	bidirectional	bidirectional	ADJ
gujaf-82	71	34	causality	causality	NOUN
gujaf-82	71	35	between	between	ADP
gujaf-82	71	36	financial	financial	ADJ
gujaf-82	71	37	deepening	deepening	NOUN
gujaf-82	71	38	and	and	CCONJ
gujaf-82	71	39	stock	stock	NOUN
gujaf-82	71	40	market	market	NOUN
gujaf-82	71	41	returns	return	NOUN
gujaf-82	71	42	in	in	ADP
gujaf-82	71	43	the	the	DET
gujaf-82	71	44	military	military	ADJ
gujaf-82	71	45	era	era	NOUN
gujaf-82	71	46	.	.	PUNCT
gujaf-82	72	1	moreover	moreover	ADV
gujaf-82	72	2	,	,	PUNCT
gujaf-82	72	3	okoli	okoli	PROPN
gujaf-82	72	4	(	(	PUNCT
gujaf-82	72	5	2010	2010	NUM
gujaf-82	72	6	)	)	PUNCT
gujaf-82	72	7	analyses	analyse	VERB
gujaf-82	72	8	the	the	DET
gujaf-82	72	9	relationship	relationship	NOUN
gujaf-82	72	10	between	between	ADP
gujaf-82	72	11	financial	financial	ADJ
gujaf-82	72	12	deepening	deepening	NOUN
gujaf-82	72	13	and	and	CCONJ
gujaf-82	72	14	stock	stock	NOUN
gujaf-82	72	15	market	market	NOUN
gujaf-82	72	16	returns	return	NOUN
gujaf-82	72	17	and	and	CCONJ
gujaf-82	72	18	volatility	volatility	NOUN
gujaf-82	72	19	in	in	ADP
gujaf-82	72	20	the	the	DET
gujaf-82	72	21	nigerian	nigerian	ADJ
gujaf-82	72	22	stock	stock	NOUN
gujaf-82	72	23	market	market	NOUN
gujaf-82	72	24	via	via	ADP
gujaf-82	72	25	the	the	DET
gujaf-82	72	26	garch	garch	NOUN
gujaf-82	72	27	model	model	NOUN
gujaf-82	72	28	.	.	PUNCT
gujaf-82	73	1	the	the	DET
gujaf-82	73	2	study	study	NOUN
gujaf-82	73	3	submits	submit	VERB
gujaf-82	73	4	that	that	SCONJ
gujaf-82	73	5	the	the	DET
gujaf-82	73	6	financial	financial	ADJ
gujaf-82	73	7	deepening	deepening	NOUN
gujaf-82	73	8	measured	measure	VERB
gujaf-82	73	9	as	as	ADP
gujaf-82	73	10	the	the	DET
gujaf-82	73	11	ratio	ratio	NOUN
gujaf-82	73	12	of	of	ADP
gujaf-82	73	13	value	value	NOUN
gujaf-82	73	14	of	of	ADP
gujaf-82	73	15	stock	stock	NOUN
gujaf-82	73	16	traded	trade	VERB
gujaf-82	73	17	to	to	ADP
gujaf-82	73	18	gdp	gdp	NOUN
gujaf-82	73	19	does	do	AUX
gujaf-82	73	20	not	not	PART
gujaf-82	73	21	have	have	VERB
gujaf-82	73	22	significant	significant	ADJ
gujaf-82	73	23	effect	effect	NOUN
gujaf-82	73	24	on	on	ADP
gujaf-82	73	25	the	the	DET
gujaf-82	73	26	stock	stock	NOUN
gujaf-82	73	27	market	market	NOUN
gujaf-82	73	28	but	but	CCONJ
gujaf-82	73	29	financial	financial	ADJ
gujaf-82	73	30	deepening	deepening	NOUN
gujaf-82	73	31	measured	measure	VERB
gujaf-82	73	32	as	as	ADP
gujaf-82	73	33	mcap	mcap	NOUN
gujaf-82	73	34	/	/	SYM
gujaf-82	73	35	gdp	gdp	NOUN
gujaf-82	73	36	,	,	PUNCT
gujaf-82	73	37	has	have	VERB
gujaf-82	73	38	significant	significant	ADJ
gujaf-82	73	39	positive	positive	ADJ
gujaf-82	73	40	effect	effect	NOUN
gujaf-82	73	41	on	on	ADP
gujaf-82	73	42	the	the	DET
gujaf-82	73	43	stock	stock	NOUN
gujaf-82	73	44	market	market	NOUN
gujaf-82	73	45	.	.	PUNCT
gujaf-82	74	1	finally	finally	ADV
gujaf-82	74	2	,	,	PUNCT
gujaf-82	74	3	the	the	DET
gujaf-82	74	4	study	study	NOUN
gujaf-82	74	5	concludes	conclude	VERB
gujaf-82	74	6	that	that	SCONJ
gujaf-82	74	7	financial	financial	ADJ
gujaf-82	74	8	deepening	deepening	NOUN
gujaf-82	74	9	reduces	reduce	VERB
gujaf-82	74	10	stock	stock	NOUN
gujaf-82	74	11	market	market	NOUN
gujaf-82	74	12	volatility	volatility	NOUN
gujaf-82	74	13	in	in	ADP
gujaf-82	74	14	nigeria	nigeria	PROPN
gujaf-82	74	15	.	.	PUNCT
gujaf-82	75	1	in	in	ADP
gujaf-82	75	2	their	their	PRON
gujaf-82	75	3	paper	paper	NOUN
gujaf-82	75	4	,	,	PUNCT
gujaf-82	75	5	alenoghena	alenoghena	ADV
gujaf-82	75	6	,	,	PUNCT
gujaf-82	75	7	et	et	PROPN
gujaf-82	75	8	al	al	PROPN
gujaf-82	75	9	.	.	PUNCT
gujaf-82	76	1	(	(	PUNCT
gujaf-82	76	2	2014	2014	NUM
gujaf-82	76	3	)	)	PUNCT
gujaf-82	76	4	determine	determine	VERB
gujaf-82	76	5	the	the	DET
gujaf-82	76	6	impact	impact	NOUN
gujaf-82	76	7	of	of	ADP
gujaf-82	76	8	financial	financial	ADJ
gujaf-82	76	9	deepening	deepening	NOUN
gujaf-82	76	10	on	on	ADP
gujaf-82	76	11	the	the	DET
gujaf-82	76	12	performance	performance	NOUN
gujaf-82	76	13	of	of	ADP
gujaf-82	76	14	the	the	DET
gujaf-82	76	15	nigerian	nigerian	ADJ
gujaf-82	76	16	capital	capital	NOUN
gujaf-82	76	17	market	market	NOUN
gujaf-82	76	18	.	.	PUNCT
gujaf-82	77	1	specifically	specifically	ADV
gujaf-82	77	2	,	,	PUNCT
gujaf-82	77	3	the	the	DET
gujaf-82	77	4	study	study	NOUN
gujaf-82	77	5	finds	find	VERB
gujaf-82	77	6	that	that	PRON
gujaf-82	77	7	credit	credit	NOUN
gujaf-82	77	8	to	to	ADP
gujaf-82	77	9	private	private	ADJ
gujaf-82	77	10	sector	sector	NOUN
gujaf-82	77	11	has	have	VERB
gujaf-82	77	12	positive	positive	ADJ
gujaf-82	77	13	but	but	CCONJ
gujaf-82	77	14	non	non	ADJ
gujaf-82	77	15	-	-	ADJ
gujaf-82	77	16	significant	significant	ADJ
gujaf-82	77	17	effect	effect	NOUN
gujaf-82	77	18	on	on	ADP
gujaf-82	77	19	capital	capital	NOUN
gujaf-82	77	20	market	market	NOUN
gujaf-82	77	21	performance	performance	NOUN
gujaf-82	77	22	.	.	PUNCT
gujaf-82	78	1	having	having	AUX
gujaf-82	78	2	found	find	VERB
gujaf-82	78	3	evidence	evidence	NOUN
gujaf-82	78	4	of	of	ADP
gujaf-82	78	5	a	a	DET
gujaf-82	78	6	cointegration	cointegration	NOUN
gujaf-82	78	7	among	among	ADP
gujaf-82	78	8	the	the	DET
gujaf-82	78	9	variables	variable	NOUN
gujaf-82	78	10	,	,	PUNCT
gujaf-82	78	11	the	the	DET
gujaf-82	78	12	authors	author	NOUN
gujaf-82	78	13	conclude	conclude	VERB
gujaf-82	78	14	that	that	SCONJ
gujaf-82	78	15	financial	financial	ADJ
gujaf-82	78	16	deepening	deepening	NOUN
gujaf-82	78	17	variables	variable	NOUN
gujaf-82	78	18	positively	positively	ADV
gujaf-82	78	19	impacted	impact	VERB
gujaf-82	78	20	nigerian	nigerian	ADJ
gujaf-82	78	21	stock	stock	NOUN
gujaf-82	78	22	market	market	NOUN
gujaf-82	78	23	.	.	PUNCT
gujaf-82	79	1	in	in	ADP
gujaf-82	79	2	another	another	DET
gujaf-82	79	3	study	study	NOUN
gujaf-82	79	4	,	,	PUNCT
gujaf-82	79	5	wanja	wanja	NOUN
gujaf-82	79	6	(	(	PUNCT
gujaf-82	79	7	2017	2017	NUM
gujaf-82	79	8	)	)	PUNCT
gujaf-82	79	9	assesses	assess	VERB
gujaf-82	79	10	the	the	DET
gujaf-82	79	11	effect	effect	NOUN
gujaf-82	79	12	of	of	ADP
gujaf-82	79	13	financial	financial	ADJ
gujaf-82	79	14	deepening	deepening	NOUN
gujaf-82	79	15	on	on	ADP
gujaf-82	79	16	capital	capital	NOUN
gujaf-82	79	17	market	market	NOUN
gujaf-82	79	18	development	development	NOUN
gujaf-82	79	19	in	in	ADP
gujaf-82	79	20	kenya	kenya	PROPN
gujaf-82	79	21	using	use	VERB
gujaf-82	79	22	autoregressive	autoregressive	ADJ
gujaf-82	79	23	distributed	distribute	VERB
gujaf-82	79	24	lagerror	lagerror	NOUN
gujaf-82	79	25	correction	correction	NOUN
gujaf-82	79	26	model	model	NOUN
gujaf-82	79	27	(	(	PUNCT
gujaf-82	79	28	ardlecm	ardlecm	NOUN
gujaf-82	79	29	)	)	PUNCT
gujaf-82	79	30	.	.	PUNCT
gujaf-82	80	1	the	the	DET
gujaf-82	80	2	study	study	NOUN
gujaf-82	80	3	indicates	indicate	VERB
gujaf-82	80	4	that	that	SCONJ
gujaf-82	80	5	financial	financial	ADJ
gujaf-82	80	6	depth	depth	NOUN
gujaf-82	80	7	and	and	CCONJ
gujaf-82	80	8	market	market	NOUN
gujaf-82	80	9	liquidity	liquidity	NOUN
gujaf-82	80	10	has	have	VERB
gujaf-82	80	11	positive	positive	ADJ
gujaf-82	80	12	significant	significant	ADJ
gujaf-82	80	13	bearing	bearing	NOUN
gujaf-82	80	14	on	on	ADP
gujaf-82	80	15	capital	capital	NOUN
gujaf-82	80	16	market	market	NOUN
gujaf-82	80	17	development	development	NOUN
gujaf-82	80	18	.	.	PUNCT
gujaf-82	81	1	furthermore	furthermore	ADV
gujaf-82	81	2	,	,	PUNCT
gujaf-82	81	3	the	the	DET
gujaf-82	81	4	author	author	NOUN
gujaf-82	81	5	submits	submit	VERB
gujaf-82	81	6	that	that	SCONJ
gujaf-82	81	7	financial	financial	ADJ
gujaf-82	81	8	deepening	deepening	NOUN
gujaf-82	81	9	measured	measure	VERB
gujaf-82	81	10	by	by	ADP
gujaf-82	81	11	financial	financial	ADJ
gujaf-82	81	12	access	access	NOUN
gujaf-82	81	13	and	and	CCONJ
gujaf-82	81	14	openness	openness	NOUN
gujaf-82	81	15	has	have	VERB
gujaf-82	81	16	adverse	adverse	ADJ
gujaf-82	81	17	but	but	CCONJ
gujaf-82	81	18	significant	significant	ADJ
gujaf-82	81	19	impact	impact	NOUN
gujaf-82	81	20	on	on	ADP
gujaf-82	81	21	development	development	NOUN
gujaf-82	81	22	of	of	ADP
gujaf-82	81	23	capital	capital	NOUN
gujaf-82	81	24	market	market	NOUN
gujaf-82	81	25	in	in	ADP
gujaf-82	81	26	kenya	kenya	PROPN
gujaf-82	81	27	.	.	PUNCT
gujaf-82	82	1	finally	finally	ADV
gujaf-82	82	2	,	,	PUNCT
gujaf-82	82	3	the	the	DET
gujaf-82	82	4	researcher	researcher	NOUN
gujaf-82	82	5	found	find	VERB
gujaf-82	82	6	evidence	evidence	NOUN
gujaf-82	82	7	of	of	ADP
gujaf-82	82	8	a	a	DET
gujaf-82	82	9	positive	positive	ADJ
gujaf-82	82	10	significant	significant	ADJ
gujaf-82	82	11	interaction	interaction	NOUN
gujaf-82	82	12	between	between	ADP
gujaf-82	82	13	financial	financial	ADJ
gujaf-82	82	14	deepening	deepening	NOUN
gujaf-82	82	15	and	and	CCONJ
gujaf-82	82	16	the	the	DET
gujaf-82	82	17	market	market	NOUN
gujaf-82	82	18	development	development	NOUN
gujaf-82	82	19	.	.	PUNCT
gujaf-82	83	1	in	in	ADP
gujaf-82	83	2	a	a	DET
gujaf-82	83	3	recent	recent	ADJ
gujaf-82	83	4	study	study	NOUN
gujaf-82	83	5	,	,	PUNCT
gujaf-82	83	6	okeya	okeya	NOUN
gujaf-82	83	7	and	and	CCONJ
gujaf-82	83	8	dare	dare	VERB
gujaf-82	83	9	(	(	PUNCT
gujaf-82	83	10	2020	2020	NUM
gujaf-82	83	11	)	)	PUNCT
gujaf-82	83	12	apply	apply	VERB
gujaf-82	83	13	the	the	DET
gujaf-82	83	14	vector	vector	NOUN
gujaf-82	83	15	auto	auto	NOUN
gujaf-82	83	16	-	-	PUNCT
gujaf-82	83	17	regression	regression	NOUN
gujaf-82	83	18	(	(	PUNCT
gujaf-82	83	19	var	var	NOUN
gujaf-82	83	20	)	)	PUNCT
gujaf-82	83	21	and	and	CCONJ
gujaf-82	83	22	vector	vector	NOUN
gujaf-82	83	23	error	error	NOUN
gujaf-82	83	24	correction(vecm	correction(vecm	NOUN
gujaf-82	83	25	)	)	PUNCT
gujaf-82	83	26	to	to	ADP
gujaf-82	83	27	the	the	DET
gujaf-82	83	28	analysis	analysis	NOUN
gujaf-82	83	29	of	of	ADP
gujaf-82	83	30	the	the	DET
gujaf-82	83	31	nigerian	nigerian	ADJ
gujaf-82	83	32	stock	stock	NOUN
gujaf-82	83	33	market	market	NOUN
gujaf-82	83	34	development	development	NOUN
gujaf-82	83	35	and	and	CCONJ
gujaf-82	83	36	its	its	PRON
gujaf-82	83	37	long	long	ADJ
gujaf-82	83	38	and	and	CCONJ
gujaf-82	83	39	short	short	ADJ
gujaf-82	83	40	run	run	NOUN
gujaf-82	83	41	relationship	relationship	NOUN
gujaf-82	83	42	with	with	ADP
gujaf-82	83	43	five	five	NUM
gujaf-82	83	44	financial	financial	ADJ
gujaf-82	83	45	deepening	deepening	NOUN
gujaf-82	83	46	indicators	indicator	NOUN
gujaf-82	83	47	,	,	PUNCT
gujaf-82	83	48	namely	namely	ADV
gujaf-82	83	49	,	,	PUNCT
gujaf-82	83	50	broad	broad	ADJ
gujaf-82	83	51	money	money	NOUN
gujaf-82	83	52	/	/	SYM
gujaf-82	83	53	gdp	gdp	NOUN
gujaf-82	83	54	ratio	ratio	NOUN
gujaf-82	83	55	(	(	PUNCT
gujaf-82	83	56	m2	m2	PROPN
gujaf-82	83	57	/	/	SYM
gujaf-82	83	58	gdp	gdp	PROPN
gujaf-82	83	59	)	)	PUNCT
gujaf-82	83	60	;	;	PUNCT
gujaf-82	83	61	financial	financial	ADJ
gujaf-82	83	62	sector	sector	NOUN
gujaf-82	83	63	contribution	contribution	NOUN
gujaf-82	83	64	to	to	ADP
gujaf-82	83	65	gdp	gdp	NOUN
gujaf-82	83	66	ratio	ratio	NOUN
gujaf-82	83	67	;	;	PUNCT
gujaf-82	83	68	cps	cps	PROPN
gujaf-82	83	69	/	/	SYM
gujaf-82	83	70	gdp	gdp	NOUN
gujaf-82	83	71	ratio	ratio	NOUN
gujaf-82	83	72	;	;	PUNCT
gujaf-82	83	73	commercial	commercial	ADJ
gujaf-82	83	74	banks	bank	NOUN
gujaf-82	83	75	liabilities	liability	NOUN
gujaf-82	83	76	/	/	SYM
gujaf-82	83	77	gdp	gdp	NOUN
gujaf-82	83	78	ratio	ratio	NOUN
gujaf-82	83	79	and	and	CCONJ
gujaf-82	83	80	banking	banking	NOUN
gujaf-82	83	81	sector	sector	NOUN
gujaf-82	83	82	liquidity	liquidity	NOUN
gujaf-82	83	83	.	.	PUNCT
gujaf-82	84	1	the	the	DET
gujaf-82	84	2	authors	author	NOUN
gujaf-82	84	3	conclude	conclude	VERB
gujaf-82	84	4	that	that	SCONJ
gujaf-82	84	5	financial	financial	ADJ
gujaf-82	84	6	deepening	deepening	NOUN
gujaf-82	84	7	have	have	VERB
gujaf-82	84	8	significant	significant	ADJ
gujaf-82	84	9	positive	positive	ADJ
gujaf-82	84	10	effect	effect	NOUN
gujaf-82	84	11	on	on	ADP
gujaf-82	84	12	stock	stock	NOUN
gujaf-82	84	13	market	market	NOUN
gujaf-82	84	14	development	development	NOUN
gujaf-82	84	15	in	in	ADP
gujaf-82	84	16	the	the	DET
gujaf-82	84	17	long	long	ADJ
gujaf-82	84	18	run	run	NOUN
gujaf-82	84	19	but	but	CCONJ
gujaf-82	84	20	negative	negative	ADJ
gujaf-82	84	21	insignificant	insignificant	ADJ
gujaf-82	84	22	effect	effect	NOUN
gujaf-82	84	23	in	in	ADP
gujaf-82	84	24	the	the	DET
gujaf-82	84	25	short	short	ADJ
gujaf-82	84	26	run	run	NOUN
gujaf-82	84	27	.	.	PUNCT
gujaf-82	85	1	in	in	ADP
gujaf-82	85	2	addition	addition	NOUN
gujaf-82	85	3	,	,	PUNCT
gujaf-82	85	4	the	the	DET
gujaf-82	85	5	study	study	NOUN
gujaf-82	85	6	shows	show	VERB
gujaf-82	85	7	among	among	ADP
gujaf-82	85	8	others	other	NOUN
gujaf-82	85	9	,	,	PUNCT
gujaf-82	85	10	that	that	SCONJ
gujaf-82	85	11	a	a	DET
gujaf-82	85	12	unidirectional	unidirectional	ADJ
gujaf-82	85	13	causality	causality	NOUN
gujaf-82	85	14	flows	flow	VERB
gujaf-82	85	15	from	from	ADP
gujaf-82	85	16	capital	capital	NOUN
gujaf-82	85	17	market	market	NOUN
gujaf-82	85	18	development	development	NOUN
gujaf-82	85	19	to	to	ADP
gujaf-82	85	20	m2	m2	PROPN
gujaf-82	85	21	/	/	SYM
gujaf-82	85	22	gdp	gdp	PROPN
gujaf-82	85	23	,	,	PUNCT
gujaf-82	85	24	cps	cps	PROPN
gujaf-82	85	25	/	/	SYM
gujaf-82	85	26	gdp	gdp	NOUN
gujaf-82	85	27	and	and	CCONJ
gujaf-82	85	28	to	to	ADP
gujaf-82	85	29	liabilities	liability	NOUN
gujaf-82	85	30	of	of	ADP
gujaf-82	85	31	commercial	commercial	ADJ
gujaf-82	85	32	banks	bank	NOUN
gujaf-82	85	33	’	'	PUNCT
gujaf-82	85	34	liabilities	liability	NOUN
gujaf-82	85	35	to	to	ADP
gujaf-82	85	36	gdp	gdp	PROPN
gujaf-82	85	37	.	.	PUNCT
gujaf-82	86	1	gusau	gusau	PROPN
gujaf-82	86	2	journal	journal	PROPN
gujaf-82	86	3	of	of	ADP
gujaf-82	86	4	accounting	accounting	NOUN
gujaf-82	86	5	and	and	CCONJ
gujaf-82	86	6	finance	finance	NOUN
gujaf-82	86	7	,	,	PUNCT
gujaf-82	86	8	vol	vol	NOUN
gujaf-82	86	9	.	.	PROPN
gujaf-82	86	10	2	2	NUM
gujaf-82	86	11	,	,	PUNCT
gujaf-82	86	12	issue	issue	NOUN
gujaf-82	86	13	2	2	NUM
gujaf-82	86	14	,	,	PUNCT
gujaf-82	86	15	april	april	PROPN
gujaf-82	86	16	,	,	PUNCT
gujaf-82	86	17	2021	2021	NUM
gujaf-82	86	18	6	6	NUM
gujaf-82	86	19	in	in	ADP
gujaf-82	86	20	summary	summary	NOUN
gujaf-82	86	21	,	,	PUNCT
gujaf-82	86	22	from	from	ADP
gujaf-82	86	23	the	the	DET
gujaf-82	86	24	empirical	empirical	ADJ
gujaf-82	86	25	review	review	NOUN
gujaf-82	86	26	it	it	PRON
gujaf-82	86	27	is	be	AUX
gujaf-82	86	28	clear	clear	ADJ
gujaf-82	86	29	that	that	SCONJ
gujaf-82	86	30	,	,	PUNCT
gujaf-82	86	31	while	while	SCONJ
gujaf-82	86	32	most	most	ADJ
gujaf-82	86	33	study	study	NOUN
gujaf-82	86	34	conclude	conclude	VERB
gujaf-82	86	35	positive	positive	ADJ
gujaf-82	86	36	relationship	relationship	NOUN
gujaf-82	86	37	between	between	ADP
gujaf-82	86	38	financial	financial	ADJ
gujaf-82	86	39	deepening	deepening	NOUN
gujaf-82	86	40	and	and	CCONJ
gujaf-82	86	41	stock	stock	NOUN
gujaf-82	86	42	market	market	NOUN
gujaf-82	86	43	performance	performance	NOUN
gujaf-82	86	44	,	,	PUNCT
gujaf-82	86	45	there	there	PRON
gujaf-82	86	46	are	be	VERB
gujaf-82	86	47	still	still	ADV
gujaf-82	86	48	few	few	ADJ
gujaf-82	86	49	showing	show	VERB
gujaf-82	86	50	evidence	evidence	NOUN
gujaf-82	86	51	of	of	ADP
gujaf-82	86	52	negativity	negativity	NOUN
gujaf-82	86	53	.	.	PUNCT
gujaf-82	87	1	methodologically	methodologically	ADV
gujaf-82	87	2	,	,	PUNCT
gujaf-82	87	3	unlike	unlike	ADP
gujaf-82	87	4	most	most	ADJ
gujaf-82	87	5	studies	study	NOUN
gujaf-82	87	6	reviewed	review	VERB
gujaf-82	87	7	that	that	SCONJ
gujaf-82	87	8	use	use	VERB
gujaf-82	87	9	techniques	technique	NOUN
gujaf-82	87	10	ranging	range	VERB
gujaf-82	87	11	from	from	ADP
gujaf-82	87	12	vecm	vecm	NOUN
gujaf-82	87	13	/	/	SYM
gujaf-82	87	14	var	var	NOUN
gujaf-82	87	15	,	,	PUNCT
gujaf-82	87	16	garch	garch	NOUN
gujaf-82	87	17	,	,	PUNCT
gujaf-82	87	18	to	to	ADP
gujaf-82	87	19	ardl	ardl	NOUN
gujaf-82	87	20	,	,	PUNCT
gujaf-82	87	21	this	this	DET
gujaf-82	87	22	study	study	NOUN
gujaf-82	87	23	situates	situate	VERB
gujaf-82	87	24	this	this	DET
gujaf-82	87	25	current	current	ADJ
gujaf-82	87	26	work	work	NOUN
gujaf-82	87	27	within	within	ADP
gujaf-82	87	28	the	the	DET
gujaf-82	87	29	2sls	2sls	NOUN
gujaf-82	87	30	regression	regression	NOUN
gujaf-82	87	31	and	and	CCONJ
gujaf-82	87	32	granger	granger	NOUN
gujaf-82	87	33	causality	causality	NOUN
gujaf-82	87	34	techniques	technique	NOUN
gujaf-82	87	35	.	.	PUNCT
gujaf-82	88	1	3	3	X
gujaf-82	88	2	.	.	X
gujaf-82	88	3	methodology	methodology	NOUN
gujaf-82	88	4	this	this	DET
gujaf-82	88	5	study	study	NOUN
gujaf-82	88	6	adopts	adopt	VERB
gujaf-82	88	7	correlational	correlational	ADJ
gujaf-82	88	8	research	research	NOUN
gujaf-82	88	9	design	design	NOUN
gujaf-82	88	10	it	it	PRON
gujaf-82	88	11	is	be	AUX
gujaf-82	88	12	also	also	ADV
gujaf-82	88	13	based	base	VERB
gujaf-82	88	14	on	on	ADP
gujaf-82	88	15	cause	cause	NOUN
gujaf-82	88	16	-	-	PUNCT
gujaf-82	88	17	and	and	CCONJ
gujaf-82	88	18	-	-	PUNCT
gujaf-82	88	19	effect	effect	NOUN
gujaf-82	88	20	approach	approach	NOUN
gujaf-82	88	21	where	where	SCONJ
gujaf-82	88	22	historical	historical	ADJ
gujaf-82	88	23	data	datum	NOUN
gujaf-82	88	24	was	be	AUX
gujaf-82	88	25	used	use	VERB
gujaf-82	88	26	to	to	PART
gujaf-82	88	27	examine	examine	VERB
gujaf-82	88	28	the	the	DET
gujaf-82	88	29	relationship	relationship	NOUN
gujaf-82	88	30	between	between	ADP
gujaf-82	88	31	financial	financial	ADJ
gujaf-82	88	32	deepening	deepening	NOUN
gujaf-82	88	33	indicators	indicator	NOUN
gujaf-82	88	34	and	and	CCONJ
gujaf-82	88	35	stock	stock	NOUN
gujaf-82	88	36	market	market	NOUN
gujaf-82	88	37	performance	performance	NOUN
gujaf-82	88	38	in	in	ADP
gujaf-82	88	39	terms	term	NOUN
gujaf-82	88	40	of	of	ADP
gujaf-82	88	41	return	return	NOUN
gujaf-82	88	42	and	and	CCONJ
gujaf-82	88	43	liquidity	liquidity	NOUN
gujaf-82	88	44	.	.	PUNCT
gujaf-82	89	1	this	this	DET
gujaf-82	89	2	study	study	NOUN
gujaf-82	89	3	employs	employ	VERB
gujaf-82	89	4	secondary	secondary	ADJ
gujaf-82	89	5	data	datum	NOUN
gujaf-82	89	6	,	,	PUNCT
gujaf-82	89	7	in	in	ADP
gujaf-82	89	8	the	the	DET
gujaf-82	89	9	form	form	NOUN
gujaf-82	89	10	of	of	ADP
gujaf-82	89	11	annual	annual	ADJ
gujaf-82	89	12	time	time	NOUN
gujaf-82	89	13	series	series	NOUN
gujaf-82	89	14	,	,	PUNCT
gujaf-82	89	15	obtained	obtain	VERB
gujaf-82	89	16	from	from	ADP
gujaf-82	89	17	the	the	DET
gujaf-82	89	18	central	central	ADJ
gujaf-82	89	19	bank	bank	PROPN
gujaf-82	89	20	of	of	ADP
gujaf-82	89	21	nigeria	nigeria	PROPN
gujaf-82	89	22	statistical	statistical	ADJ
gujaf-82	89	23	bulletin	bulletin	NOUN
gujaf-82	89	24	.	.	PUNCT
gujaf-82	90	1	the	the	DET
gujaf-82	90	2	study	study	NOUN
gujaf-82	90	3	covers	cover	VERB
gujaf-82	90	4	a	a	DET
gujaf-82	90	5	period	period	NOUN
gujaf-82	90	6	of	of	ADP
gujaf-82	90	7	33	33	NUM
gujaf-82	90	8	years	year	NOUN
gujaf-82	90	9	,	,	PUNCT
gujaf-82	90	10	1985	1985	NUM
gujaf-82	90	11	to	to	ADP
gujaf-82	90	12	2018	2018	NUM
gujaf-82	90	13	.	.	PUNCT
gujaf-82	91	1	the	the	DET
gujaf-82	91	2	chosen	choose	VERB
gujaf-82	91	3	study	study	NOUN
gujaf-82	91	4	period	period	NOUN
gujaf-82	91	5	is	be	AUX
gujaf-82	91	6	due	due	ADJ
gujaf-82	91	7	to	to	ADP
gujaf-82	91	8	data	datum	NOUN
gujaf-82	91	9	availability	availability	NOUN
gujaf-82	91	10	.	.	PUNCT
gujaf-82	92	1	the	the	DET
gujaf-82	92	2	study	study	NOUN
gujaf-82	92	3	employs	employ	VERB
gujaf-82	92	4	three	three	NUM
gujaf-82	92	5	indicators	indicator	NOUN
gujaf-82	92	6	of	of	ADP
gujaf-82	92	7	financial	financial	ADJ
gujaf-82	92	8	deepening	deepening	NOUN
gujaf-82	92	9	,	,	PUNCT
gujaf-82	92	10	namely	namely	ADV
gujaf-82	92	11	monetization	monetization	NOUN
gujaf-82	92	12	ratio	ratio	NOUN
gujaf-82	92	13	,	,	PUNCT
gujaf-82	92	14	defined	define	VERB
gujaf-82	92	15	as	as	ADP
gujaf-82	92	16	m2	m2	PROPN
gujaf-82	92	17	/	/	SYM
gujaf-82	92	18	gdp	gdp	PROPN
gujaf-82	92	19	;	;	PUNCT
gujaf-82	92	20	the	the	DET
gujaf-82	92	21	credit	credit	NOUN
gujaf-82	92	22	to	to	ADP
gujaf-82	92	23	private	private	ADJ
gujaf-82	92	24	sector	sector	NOUN
gujaf-82	92	25	ratio	ratio	NOUN
gujaf-82	92	26	,	,	PUNCT
gujaf-82	92	27	defined	define	VERB
gujaf-82	92	28	as	as	ADP
gujaf-82	92	29	cps	cps	PROPN
gujaf-82	92	30	/	/	SYM
gujaf-82	92	31	gdp	gdp	NOUN
gujaf-82	92	32	;	;	PUNCT
gujaf-82	92	33	and	and	CCONJ
gujaf-82	92	34	market	market	NOUN
gujaf-82	92	35	capitalization	capitalization	NOUN
gujaf-82	92	36	ratio	ratio	NOUN
gujaf-82	92	37	,	,	PUNCT
gujaf-82	92	38	defined	define	VERB
gujaf-82	92	39	as	as	ADP
gujaf-82	92	40	mcap	mcap	NOUN
gujaf-82	92	41	/	/	SYM
gujaf-82	92	42	gdp	gdp	NOUN
gujaf-82	92	43	.	.	PUNCT
gujaf-82	93	1	in	in	ADP
gujaf-82	93	2	addition	addition	NOUN
gujaf-82	93	3	to	to	ADP
gujaf-82	93	4	the	the	DET
gujaf-82	93	5	trio	trio	NOUN
gujaf-82	93	6	,	,	PUNCT
gujaf-82	93	7	exchange	exchange	NOUN
gujaf-82	93	8	rate	rate	NOUN
gujaf-82	93	9	is	be	AUX
gujaf-82	93	10	included	include	VERB
gujaf-82	93	11	in	in	ADP
gujaf-82	93	12	the	the	DET
gujaf-82	93	13	model	model	NOUN
gujaf-82	93	14	to	to	PART
gujaf-82	93	15	control	control	VERB
gujaf-82	93	16	for	for	ADP
gujaf-82	93	17	macroeconomic	macroeconomic	ADJ
gujaf-82	93	18	stability	stability	NOUN
gujaf-82	93	19	effect	effect	NOUN
gujaf-82	93	20	.	.	PUNCT
gujaf-82	94	1	the	the	DET
gujaf-82	94	2	study	study	NOUN
gujaf-82	94	3	applies	apply	VERB
gujaf-82	94	4	multivariate	multivariate	NOUN
gujaf-82	94	5	equations	equation	NOUN
gujaf-82	94	6	,	,	PUNCT
gujaf-82	94	7	by	by	ADP
gujaf-82	94	8	measuring	measure	VERB
gujaf-82	94	9	the	the	DET
gujaf-82	94	10	impact	impact	NOUN
gujaf-82	94	11	of	of	ADP
gujaf-82	94	12	financial	financial	ADJ
gujaf-82	94	13	deepening	deepening	NOUN
gujaf-82	94	14	indicators	indicator	NOUN
gujaf-82	94	15	on	on	ADP
gujaf-82	94	16	the	the	DET
gujaf-82	94	17	returns	return	NOUN
gujaf-82	94	18	and	and	CCONJ
gujaf-82	94	19	liquidity	liquidity	NOUN
gujaf-82	94	20	of	of	ADP
gujaf-82	94	21	the	the	DET
gujaf-82	94	22	nigerian	nigerian	ADJ
gujaf-82	94	23	stock	stock	NOUN
gujaf-82	94	24	exchange(nse	exchange(nse	NOUN
gujaf-82	94	25	)	)	PUNCT
gujaf-82	94	26	.	.	PUNCT
gujaf-82	95	1	the	the	DET
gujaf-82	95	2	return	return	NOUN
gujaf-82	95	3	is	be	AUX
gujaf-82	95	4	captured	capture	VERB
gujaf-82	95	5	by	by	ADP
gujaf-82	95	6	the	the	DET
gujaf-82	95	7	all	all	DET
gujaf-82	95	8	-	-	PUNCT
gujaf-82	95	9	share	share	NOUN
gujaf-82	95	10	index(asi	index(asi	NOUN
gujaf-82	95	11	)	)	PUNCT
gujaf-82	95	12	while	while	SCONJ
gujaf-82	95	13	the	the	DET
gujaf-82	95	14	liquidity	liquidity	NOUN
gujaf-82	95	15	is	be	AUX
gujaf-82	95	16	proxy	proxy	NOUN
gujaf-82	95	17	by	by	ADP
gujaf-82	95	18	the	the	DET
gujaf-82	95	19	total	total	ADJ
gujaf-82	95	20	values	value	NOUN
gujaf-82	95	21	of	of	ADP
gujaf-82	95	22	shares	share	NOUN
gujaf-82	95	23	traded	trade	VERB
gujaf-82	95	24	ratio	ratio	NOUN
gujaf-82	95	25	(	(	PUNCT
gujaf-82	95	26	tvstr	tvstr	NOUN
gujaf-82	95	27	)	)	PUNCT
gujaf-82	95	28	measured	measure	VERB
gujaf-82	95	29	as	as	SCONJ
gujaf-82	95	30	the	the	DET
gujaf-82	95	31	total	total	ADJ
gujaf-82	95	32	values	value	NOUN
gujaf-82	95	33	of	of	ADP
gujaf-82	95	34	shares	share	NOUN
gujaf-82	95	35	traded	trade	VERB
gujaf-82	95	36	on	on	ADP
gujaf-82	95	37	the	the	DET
gujaf-82	95	38	stock	stock	NOUN
gujaf-82	95	39	exchange	exchange	NOUN
gujaf-82	95	40	divided	divide	VERB
gujaf-82	95	41	by	by	ADP
gujaf-82	95	42	gdp	gdp	PROPN
gujaf-82	95	43	.	.	PROPN
gujaf-82	95	44	econometric	econometric	PROPN
gujaf-82	95	45	techniques	technique	NOUN
gujaf-82	95	46	and	and	CCONJ
gujaf-82	95	47	models	model	NOUN
gujaf-82	95	48	are	be	AUX
gujaf-82	95	49	employed	employ	VERB
gujaf-82	95	50	in	in	ADP
gujaf-82	95	51	the	the	DET
gujaf-82	95	52	analysis	analysis	NOUN
gujaf-82	95	53	of	of	ADP
gujaf-82	95	54	data	datum	NOUN
gujaf-82	95	55	in	in	ADP
gujaf-82	95	56	this	this	DET
gujaf-82	95	57	study	study	NOUN
gujaf-82	95	58	.	.	PUNCT
gujaf-82	96	1	after	after	ADP
gujaf-82	96	2	descriptive	descriptive	ADJ
gujaf-82	96	3	statistics	statistic	NOUN
gujaf-82	96	4	,	,	PUNCT
gujaf-82	96	5	the	the	DET
gujaf-82	96	6	augmented	augment	VERB
gujaf-82	96	7	dickey	dickey	NOUN
gujaf-82	96	8	-	-	PUNCT
gujaf-82	96	9	fuller	full	ADJ
gujaf-82	96	10	(	(	PUNCT
gujaf-82	96	11	adf	adf	NOUN
gujaf-82	96	12	)	)	PUNCT
gujaf-82	96	13	unit	unit	NOUN
gujaf-82	96	14	root	root	NOUN
gujaf-82	96	15	test	test	NOUN
gujaf-82	96	16	was	be	AUX
gujaf-82	96	17	applied	apply	VERB
gujaf-82	96	18	to	to	PART
gujaf-82	96	19	test	test	VERB
gujaf-82	96	20	the	the	DET
gujaf-82	96	21	stationarity	stationarity	NOUN
gujaf-82	96	22	of	of	ADP
gujaf-82	96	23	each	each	DET
gujaf-82	96	24	variable	variable	NOUN
gujaf-82	96	25	to	to	PART
gujaf-82	96	26	avoid	avoid	VERB
gujaf-82	96	27	the	the	DET
gujaf-82	96	28	incursion	incursion	NOUN
gujaf-82	96	29	of	of	ADP
gujaf-82	96	30	spurious	spurious	ADJ
gujaf-82	96	31	regression	regression	NOUN
gujaf-82	96	32	results	result	NOUN
gujaf-82	96	33	.	.	PUNCT
gujaf-82	97	1	then	then	ADV
gujaf-82	97	2	,	,	PUNCT
gujaf-82	97	3	the	the	DET
gujaf-82	97	4	variables	variable	NOUN
gujaf-82	97	5	are	be	AUX
gujaf-82	97	6	tested	test	VERB
gujaf-82	97	7	for	for	ADP
gujaf-82	97	8	any	any	DET
gujaf-82	97	9	evidence	evidence	NOUN
gujaf-82	97	10	of	of	ADP
gujaf-82	97	11	long	long	ADJ
gujaf-82	97	12	run	run	NOUN
gujaf-82	97	13	relationship	relationship	NOUN
gujaf-82	97	14	among	among	ADP
gujaf-82	97	15	them	they	PRON
gujaf-82	97	16	using	use	VERB
gujaf-82	97	17	the	the	DET
gujaf-82	97	18	johansen	johansen	PROPN
gujaf-82	97	19	cointegration	cointegration	PROPN
gujaf-82	97	20	test	test	NOUN
gujaf-82	97	21	.	.	PUNCT
gujaf-82	98	1	the	the	DET
gujaf-82	98	2	impact	impact	NOUN
gujaf-82	98	3	analysis	analysis	NOUN
gujaf-82	98	4	and	and	CCONJ
gujaf-82	98	5	the	the	DET
gujaf-82	98	6	direction	direction	NOUN
gujaf-82	98	7	of	of	ADP
gujaf-82	98	8	causality	causality	NOUN
gujaf-82	98	9	between	between	ADP
gujaf-82	98	10	the	the	DET
gujaf-82	98	11	variables	variable	NOUN
gujaf-82	98	12	are	be	AUX
gujaf-82	98	13	determined	determine	VERB
gujaf-82	98	14	via	via	ADP
gujaf-82	98	15	the	the	DET
gujaf-82	98	16	2sls	2sls	NUM
gujaf-82	98	17	regression	regression	NOUN
gujaf-82	98	18	and	and	CCONJ
gujaf-82	98	19	pairwise	pairwise	NOUN
gujaf-82	98	20	granger	granger	PROPN
gujaf-82	98	21	causality	causality	PROPN
gujaf-82	98	22	test	test	NOUN
gujaf-82	98	23	respectively	respectively	ADV
gujaf-82	98	24	.	.	PUNCT
gujaf-82	99	1	in	in	ADP
gujaf-82	99	2	line	line	NOUN
gujaf-82	99	3	with	with	ADP
gujaf-82	99	4	similar	similar	ADJ
gujaf-82	99	5	studies	study	NOUN
gujaf-82	99	6	like	like	ADP
gujaf-82	99	7	okeya	okeya	NOUN
gujaf-82	99	8	and	and	CCONJ
gujaf-82	99	9	dare	dare	VERB
gujaf-82	99	10	(	(	PUNCT
gujaf-82	99	11	2020	2020	NUM
gujaf-82	99	12	)	)	PUNCT
gujaf-82	99	13	,	,	PUNCT
gujaf-82	99	14	this	this	DET
gujaf-82	99	15	study	study	NOUN
gujaf-82	99	16	adapts	adapt	VERB
gujaf-82	99	17	godfrey	godfrey	NOUN
gujaf-82	99	18	and	and	CCONJ
gujaf-82	99	19	agwu	agwu	PROPN
gujaf-82	99	20	(	(	PUNCT
gujaf-82	99	21	2020	2020	NUM
gujaf-82	99	22	)	)	PUNCT
gujaf-82	99	23	’s	’s	PART
gujaf-82	99	24	model	model	NOUN
gujaf-82	99	25	of	of	ADP
gujaf-82	99	26	financial	financial	ADJ
gujaf-82	99	27	deepening	deepening	NOUN
gujaf-82	99	28	and	and	CCONJ
gujaf-82	99	29	capital	capital	NOUN
gujaf-82	99	30	market	market	NOUN
gujaf-82	99	31	returns	return	NOUN
gujaf-82	99	32	in	in	ADP
gujaf-82	99	33	nigeria	nigeria	PROPN
gujaf-82	99	34	.	.	PUNCT
gujaf-82	100	1	whereas	whereas	SCONJ
gujaf-82	100	2	godfrey	godfrey	PROPN
gujaf-82	100	3	and	and	CCONJ
gujaf-82	100	4	agwu	agwu	PROPN
gujaf-82	100	5	regressed	regress	VERB
gujaf-82	100	6	all	all	DET
gujaf-82	100	7	-	-	PUNCT
gujaf-82	100	8	share	share	NOUN
gujaf-82	100	9	index	index	NOUN
gujaf-82	100	10	against	against	ADP
gujaf-82	100	11	two	two	NUM
gujaf-82	100	12	financial	financial	ADJ
gujaf-82	100	13	deepening	deepening	NOUN
gujaf-82	100	14	indicators	indicator	NOUN
gujaf-82	100	15	(	(	PUNCT
gujaf-82	100	16	credit	credit	NOUN
gujaf-82	100	17	to	to	ADP
gujaf-82	100	18	private	private	ADJ
gujaf-82	100	19	sector	sector	NOUN
gujaf-82	100	20	,	,	PUNCT
gujaf-82	100	21	narrow	narrow	ADJ
gujaf-82	100	22	money	money	NOUN
gujaf-82	100	23	)	)	PUNCT
gujaf-82	100	24	in	in	ADP
gujaf-82	100	25	this	this	DET
gujaf-82	100	26	study	study	NOUN
gujaf-82	100	27	,	,	PUNCT
gujaf-82	100	28	three	three	NUM
gujaf-82	100	29	financial	financial	ADJ
gujaf-82	100	30	deepening	deepening	NOUN
gujaf-82	100	31	indicators	indicator	NOUN
gujaf-82	100	32	were	be	AUX
gujaf-82	100	33	examined	examine	VERB
gujaf-82	100	34	in	in	ADP
gujaf-82	100	35	terms	term	NOUN
gujaf-82	100	36	of	of	ADP
gujaf-82	100	37	their	their	PRON
gujaf-82	100	38	impact	impact	NOUN
gujaf-82	100	39	on	on	ADP
gujaf-82	100	40	the	the	DET
gujaf-82	100	41	market	market	NOUN
gujaf-82	100	42	returns	return	NOUN
gujaf-82	100	43	and	and	CCONJ
gujaf-82	100	44	market	market	NOUN
gujaf-82	100	45	liquidity	liquidity	NOUN
gujaf-82	100	46	whose	whose	DET
gujaf-82	100	47	models	model	NOUN
gujaf-82	100	48	are	be	AUX
gujaf-82	100	49	represented	represent	VERB
gujaf-82	100	50	in	in	ADP
gujaf-82	100	51	the	the	DET
gujaf-82	100	52	following	follow	VERB
gujaf-82	100	53	equations	equation	NOUN
gujaf-82	100	54	.	.	PUNCT
gujaf-82	101	1	𝐴𝑆𝐼	𝐴𝑆𝐼	PROPN
gujaf-82	101	2	=	=	PUNCT
gujaf-82	101	3	𝑓	𝑓	X
gujaf-82	101	4	𝐶𝑃𝑆𝑅	𝐶𝑃𝑆𝑅	NOUN
gujaf-82	101	5	+	+	CCONJ
gujaf-82	101	6	𝑀𝑁𝑇𝑅	𝑀𝑁𝑇𝑅	PROPN
gujaf-82	101	7	+	+	CCONJ
gujaf-82	101	8	𝑀𝐶𝐴𝑃𝑅	𝑀𝐶𝐴𝑃𝑅	PROPN
gujaf-82	101	9	+	+	CCONJ
gujaf-82	101	10	𝐸𝑋𝐶𝐻𝑅	𝐸𝑋𝐶𝐻𝑅	PROPN
gujaf-82	101	11	(	(	PUNCT
gujaf-82	101	12	1	1	X
gujaf-82	101	13	)	)	PUNCT
gujaf-82	101	14	𝑇𝑉𝑆𝑇𝑅	𝑇𝑉𝑆𝑇𝑅	NOUN
gujaf-82	101	15	=	=	SYM
gujaf-82	102	1	𝑓	𝑓	X
gujaf-82	102	2	𝐶𝑃𝑆𝑅	𝐶𝑃𝑆𝑅	NOUN
gujaf-82	102	3	+	+	CCONJ
gujaf-82	102	4	𝑀𝑁𝑇𝑅	𝑀𝑁𝑇𝑅	PROPN
gujaf-82	102	5	+	+	CCONJ
gujaf-82	102	6	𝑀𝐶𝐴𝑃𝑅	𝑀𝐶𝐴𝑃𝑅	PROPN
gujaf-82	102	7	+	+	CCONJ
gujaf-82	102	8	𝐸𝑋𝐶𝐻𝑅	𝐸𝑋𝐶𝐻𝑅	PROPN
gujaf-82	102	9	(	(	PUNCT
gujaf-82	102	10	2	2	X
gujaf-82	102	11	)	)	PUNCT
gujaf-82	102	12	the	the	DET
gujaf-82	102	13	econometric	econometric	ADJ
gujaf-82	102	14	version	version	NOUN
gujaf-82	102	15	of	of	ADP
gujaf-82	102	16	the	the	DET
gujaf-82	102	17	above	above	ADJ
gujaf-82	102	18	models	model	NOUN
gujaf-82	102	19	are	be	AUX
gujaf-82	102	20	as	as	SCONJ
gujaf-82	102	21	follows	follow	NOUN
gujaf-82	102	22	.	.	PUNCT
gujaf-82	103	1	model	model	NOUN
gujaf-82	103	2	1	1	NUM
gujaf-82	103	3	:	:	PUNCT
gujaf-82	103	4	𝐴𝑆𝐼𝑡	𝐴𝑆𝐼𝑡	NOUN
gujaf-82	103	5	=	=	SYM
gujaf-82	103	6	𝛽0	𝛽0	NOUN
gujaf-82	103	7	+	+	CCONJ
gujaf-82	103	8	𝛽1𝐶𝑃𝑆𝑅𝑡	𝛽1𝐶𝑃𝑆𝑅𝑡	PROPN
gujaf-82	103	9	+	+	CCONJ
gujaf-82	103	10	𝛽2𝑀𝑁𝑇𝑅𝑡	𝛽2𝑀𝑁𝑇𝑅𝑡	PROPN
gujaf-82	103	11	+	+	NUM
gujaf-82	103	12	𝛽3𝑀𝐶𝐴𝑃𝑅𝑡	𝛽3𝑀𝐶𝐴𝑃𝑅𝑡	PROPN
gujaf-82	103	13	+	+	CCONJ
gujaf-82	103	14	𝛽4𝐸𝑋𝐶𝐻𝑅𝑡	𝛽4𝐸𝑋𝐶𝐻𝑅𝑡	PROPN
gujaf-82	103	15	+	+	X
gujaf-82	104	1	𝑈𝑡	𝑈𝑡	PROPN
gujaf-82	104	2	(	(	PUNCT
gujaf-82	104	3	3	3	X
gujaf-82	104	4	)	)	PUNCT
gujaf-82	104	5	model	model	NOUN
gujaf-82	104	6	2	2	NUM
gujaf-82	104	7	:	:	PUNCT
gujaf-82	104	8	𝑇𝑉𝑆𝑇𝑅𝑡	𝑇𝑉𝑆𝑇𝑅𝑡	NOUN
gujaf-82	104	9	=	=	SYM
gujaf-82	104	10	𝛽0	𝛽0	PROPN
gujaf-82	104	11	+	+	CCONJ
gujaf-82	105	1	𝛽1𝐶𝑃𝑆𝑅𝑡	𝛽1𝐶𝑃𝑆𝑅𝑡	PROPN
gujaf-82	105	2	+	+	CCONJ
gujaf-82	105	3	𝛽2𝑀𝑁𝑇𝑅𝑡	𝛽2𝑀𝑁𝑇𝑅𝑡	PROPN
gujaf-82	105	4	+	+	NUM
gujaf-82	105	5	𝛽3𝑀𝐶𝐴𝑃𝑅𝑡	𝛽3𝑀𝐶𝐴𝑃𝑅𝑡	PROPN
gujaf-82	105	6	+	+	CCONJ
gujaf-82	105	7	𝛽4𝐸𝑋𝐶𝐻𝑅𝑡	𝛽4𝐸𝑋𝐶𝐻𝑅𝑡	PROPN
gujaf-82	105	8	+	+	PROPN
gujaf-82	105	9	𝑈𝑡	𝑈𝑡	PROPN
gujaf-82	105	10	4	4	NUM
gujaf-82	105	11	where	where	SCONJ
gujaf-82	105	12	,	,	PUNCT
gujaf-82	105	13	𝐴𝑆𝐼𝑡=	𝐴𝑆𝐼𝑡=	PUNCT
gujaf-82	105	14	all	all	PRON
gujaf-82	105	15	share	share	VERB
gujaf-82	105	16	index	index	NOUN
gujaf-82	105	17	of	of	ADP
gujaf-82	105	18	the	the	DET
gujaf-82	105	19	nse	nse	NOUN
gujaf-82	105	20	at	at	ADP
gujaf-82	105	21	time	time	NOUN
gujaf-82	105	22	t	t	PROPN
gujaf-82	105	23	,	,	PUNCT
gujaf-82	105	24	as	as	ADP
gujaf-82	105	25	a	a	DET
gujaf-82	105	26	measure	measure	NOUN
gujaf-82	105	27	of	of	ADP
gujaf-82	105	28	stock	stock	NOUN
gujaf-82	105	29	market	market	NOUN
gujaf-82	105	30	returns(godfrey	returns(godfrey	PROPN
gujaf-82	105	31	&	&	CCONJ
gujaf-82	105	32	agwu	agwu	PROPN
gujaf-82	105	33	,	,	PUNCT
gujaf-82	105	34	2020	2020	NUM
gujaf-82	105	35	)	)	PUNCT
gujaf-82	105	36	.	.	PUNCT
gujaf-82	106	1	gusau	gusau	PROPN
gujaf-82	106	2	journal	journal	PROPN
gujaf-82	106	3	of	of	ADP
gujaf-82	106	4	accounting	accounting	NOUN
gujaf-82	106	5	and	and	CCONJ
gujaf-82	106	6	finance	finance	NOUN
gujaf-82	106	7	,	,	PUNCT
gujaf-82	106	8	vol	vol	NOUN
gujaf-82	106	9	.	.	PROPN
gujaf-82	106	10	2	2	NUM
gujaf-82	106	11	,	,	PUNCT
gujaf-82	106	12	issue	issue	NOUN
gujaf-82	106	13	2	2	NUM
gujaf-82	106	14	,	,	PUNCT
gujaf-82	106	15	april	april	PROPN
gujaf-82	106	16	,	,	PUNCT
gujaf-82	106	17	2021	2021	NUM
gujaf-82	106	18	7	7	NUM
gujaf-82	107	1	𝑇𝑉𝑆𝑇𝑅1=	𝑇𝑉𝑆𝑇𝑅1=	PROPN
gujaf-82	107	2	total	total	ADJ
gujaf-82	107	3	values	value	NOUN
gujaf-82	107	4	of	of	ADP
gujaf-82	107	5	shares	share	NOUN
gujaf-82	107	6	traded	trade	VERB
gujaf-82	107	7	ratio	ratio	NOUN
gujaf-82	107	8	,	,	PUNCT
gujaf-82	107	9	measured	measure	VERB
gujaf-82	107	10	as	as	ADP
gujaf-82	107	11	the	the	DET
gujaf-82	107	12	total	total	ADJ
gujaf-82	107	13	values	value	NOUN
gujaf-82	107	14	of	of	ADP
gujaf-82	107	15	shares	share	NOUN
gujaf-82	107	16	traded	trade	VERB
gujaf-82	107	17	on	on	ADP
gujaf-82	107	18	the	the	DET
gujaf-82	107	19	stock	stock	NOUN
gujaf-82	107	20	exchange	exchange	NOUN
gujaf-82	107	21	divided	divide	VERB
gujaf-82	107	22	by	by	ADP
gujaf-82	107	23	gdp	gdp	NOUN
gujaf-82	107	24	at	at	ADP
gujaf-82	107	25	time	time	NOUN
gujaf-82	107	26	t	t	PROPN
gujaf-82	107	27	,	,	PUNCT
gujaf-82	107	28	as	as	ADP
gujaf-82	107	29	a	a	DET
gujaf-82	107	30	measure	measure	NOUN
gujaf-82	107	31	of	of	ADP
gujaf-82	107	32	stock	stock	NOUN
gujaf-82	107	33	market	market	NOUN
gujaf-82	107	34	liquidity	liquidity	NOUN
gujaf-82	107	35	(	(	PUNCT
gujaf-82	107	36	onwumere	onwumere	ADV
gujaf-82	107	37	,	,	PUNCT
gujaf-82	107	38	et	et	PROPN
gujaf-82	107	39	al	al	PROPN
gujaf-82	107	40	.	.	PROPN
gujaf-82	107	41	,2012	,2012	PUNCT
gujaf-82	107	42	)	)	PUNCT
gujaf-82	107	43	.	.	PUNCT
gujaf-82	108	1	𝐶𝑃𝑆𝑅1=	𝐶𝑃𝑆𝑅1=	ADV
gujaf-82	108	2	credit	credit	NOUN
gujaf-82	108	3	to	to	ADP
gujaf-82	108	4	private	private	ADJ
gujaf-82	108	5	sector	sector	NOUN
gujaf-82	108	6	ratio	ratio	NOUN
gujaf-82	108	7	,	,	PUNCT
gujaf-82	108	8	as	as	ADP
gujaf-82	108	9	an	an	DET
gujaf-82	108	10	indicator	indicator	NOUN
gujaf-82	108	11	of	of	ADP
gujaf-82	108	12	financial	financial	ADJ
gujaf-82	108	13	deepening	deepening	NOUN
gujaf-82	108	14	,	,	PUNCT
gujaf-82	108	15	defined	define	VERB
gujaf-82	108	16	as	as	ADP
gujaf-82	108	17	ratio	ratio	NOUN
gujaf-82	108	18	of	of	ADP
gujaf-82	108	19	credit	credit	NOUN
gujaf-82	108	20	to	to	ADP
gujaf-82	108	21	private	private	ADJ
gujaf-82	108	22	sector	sector	NOUN
gujaf-82	108	23	to	to	ADP
gujaf-82	108	24	gross	gross	ADJ
gujaf-82	108	25	domestic	domestic	ADJ
gujaf-82	108	26	product	product	NOUN
gujaf-82	108	27	(	(	PUNCT
gujaf-82	108	28	cps	cps	PROPN
gujaf-82	108	29	/	/	SYM
gujaf-82	108	30	gdp	gdp	NOUN
gujaf-82	108	31	)	)	PUNCT
gujaf-82	108	32	%	%	NOUN
gujaf-82	108	33	(	(	PUNCT
gujaf-82	108	34	godfrey	godfrey	PROPN
gujaf-82	108	35	&	&	CCONJ
gujaf-82	108	36	agwu	agwu	PROPN
gujaf-82	108	37	,	,	PUNCT
gujaf-82	108	38	2020	2020	NUM
gujaf-82	108	39	;	;	PUNCT
gujaf-82	108	40	yusuf	yusuf	PROPN
gujaf-82	108	41	et	et	PROPN
gujaf-82	108	42	al	al	PROPN
gujaf-82	108	43	.	.	PROPN
gujaf-82	108	44	,	,	PUNCT
gujaf-82	108	45	2020	2020	NUM
gujaf-82	108	46	;	;	PUNCT
gujaf-82	108	47	okeya	okeya	PROPN
gujaf-82	108	48	&	&	CCONJ
gujaf-82	108	49	dare	dare	PROPN
gujaf-82	108	50	,	,	PUNCT
gujaf-82	108	51	2020	2020	NUM
gujaf-82	108	52	)	)	PUNCT
gujaf-82	108	53	.	.	PUNCT
gujaf-82	109	1	𝑀𝑁𝑇𝑅1	𝑀𝑁𝑇𝑅1	ADJ
gujaf-82	109	2	=	=	SYM
gujaf-82	109	3	monetisation	monetisation	NOUN
gujaf-82	109	4	ratio	ratio	NOUN
gujaf-82	109	5	,	,	PUNCT
gujaf-82	109	6	as	as	ADP
gujaf-82	109	7	an	an	DET
gujaf-82	109	8	indicator	indicator	NOUN
gujaf-82	109	9	of	of	ADP
gujaf-82	109	10	financial	financial	ADJ
gujaf-82	109	11	deepening	deepening	NOUN
gujaf-82	109	12	,	,	PUNCT
gujaf-82	109	13	defined	define	VERB
gujaf-82	109	14	as	as	ADP
gujaf-82	109	15	ratio	ratio	NOUN
gujaf-82	109	16	of	of	ADP
gujaf-82	109	17	broad	broad	ADJ
gujaf-82	109	18	money	money	NOUN
gujaf-82	109	19	supply(m2	supply(m2	NOUN
gujaf-82	109	20	)	)	PUNCT
gujaf-82	109	21	to	to	ADP
gujaf-82	109	22	gross	gross	ADJ
gujaf-82	109	23	domestic	domestic	ADJ
gujaf-82	109	24	product	product	NOUN
gujaf-82	109	25	at	at	ADP
gujaf-82	109	26	time	time	NOUN
gujaf-82	109	27	t	t	PROPN
gujaf-82	109	28	(	(	PUNCT
gujaf-82	109	29	m2	m2	PROPN
gujaf-82	109	30	/	/	SYM
gujaf-82	109	31	gdp	gdp	PROPN
gujaf-82	109	32	)	)	PUNCT
gujaf-82	109	33	%	%	NOUN
gujaf-82	109	34	(	(	PUNCT
gujaf-82	109	35	okeya	okeya	PROPN
gujaf-82	109	36	&	&	CCONJ
gujaf-82	109	37	dare	dare	PROPN
gujaf-82	109	38	,	,	PUNCT
gujaf-82	109	39	2020	2020	NUM
gujaf-82	109	40	;	;	PUNCT
gujaf-82	109	41	yusuf	yusuf	PROPN
gujaf-82	109	42	et	et	PROPN
gujaf-82	109	43	al	al	PROPN
gujaf-82	109	44	.	.	PROPN
gujaf-82	109	45	,	,	PUNCT
gujaf-82	109	46	2020	2020	NUM
gujaf-82	109	47	)	)	PUNCT
gujaf-82	109	48	.	.	PUNCT
gujaf-82	110	1	𝑀𝐶𝐴𝑃𝑅1=	𝑀𝐶𝐴𝑃𝑅1=	ADJ
gujaf-82	110	2	market	market	NOUN
gujaf-82	110	3	capitalization	capitalization	NOUN
gujaf-82	110	4	ratio	ratio	NOUN
gujaf-82	110	5	,	,	PUNCT
gujaf-82	110	6	as	as	ADP
gujaf-82	110	7	an	an	DET
gujaf-82	110	8	indicator	indicator	NOUN
gujaf-82	110	9	of	of	ADP
gujaf-82	110	10	financial	financial	ADJ
gujaf-82	110	11	deepening	deepening	NOUN
gujaf-82	110	12	,	,	PUNCT
gujaf-82	110	13	measured	measure	VERB
gujaf-82	110	14	as	as	ADP
gujaf-82	110	15	the	the	DET
gujaf-82	110	16	ratio	ratio	NOUN
gujaf-82	110	17	of	of	ADP
gujaf-82	110	18	stock	stock	NOUN
gujaf-82	110	19	market	market	NOUN
gujaf-82	110	20	capitalization	capitalization	NOUN
gujaf-82	110	21	to	to	ADP
gujaf-82	110	22	gdp	gdp	NOUN
gujaf-82	110	23	at	at	ADP
gujaf-82	110	24	time	time	NOUN
gujaf-82	110	25	t	t	PROPN
gujaf-82	110	26	(	(	PUNCT
gujaf-82	110	27	mcap	mcap	NOUN
gujaf-82	110	28	/	/	SYM
gujaf-82	110	29	gdp	gdp	NOUN
gujaf-82	110	30	)	)	PUNCT
gujaf-82	110	31	%	%	NOUN
gujaf-82	110	32	(	(	PUNCT
gujaf-82	110	33	godfrey	godfrey	PROPN
gujaf-82	110	34	&	&	CCONJ
gujaf-82	110	35	agwu	agwu	PROPN
gujaf-82	110	36	,	,	PUNCT
gujaf-82	110	37	2020	2020	NUM
gujaf-82	110	38	;	;	PUNCT
gujaf-82	110	39	okoli	okoli	NOUN
gujaf-82	110	40	,	,	PUNCT
gujaf-82	110	41	2010	2010	NUM
gujaf-82	110	42	)	)	PUNCT
gujaf-82	110	43	.	.	PUNCT
gujaf-82	111	1	𝐸𝑋𝐶𝐻𝑅1=	𝐸𝑋𝐶𝐻𝑅1=	NOUN
gujaf-82	111	2	exchange	exchange	NOUN
gujaf-82	111	3	rate	rate	NOUN
gujaf-82	111	4	,	,	PUNCT
gujaf-82	111	5	defined	define	VERB
gujaf-82	111	6	as	as	ADP
gujaf-82	111	7	the	the	DET
gujaf-82	111	8	official	official	ADJ
gujaf-82	111	9	naira	naira	ADJ
gujaf-82	111	10	/	/	SYM
gujaf-82	111	11	dollar	dollar	NOUN
gujaf-82	111	12	average	average	ADJ
gujaf-82	111	13	exchange	exchange	NOUN
gujaf-82	111	14	rate	rate	NOUN
gujaf-82	111	15	in	in	ADP
gujaf-82	111	16	nigeria	nigeria	PROPN
gujaf-82	111	17	at	at	ADP
gujaf-82	111	18	time	time	NOUN
gujaf-82	111	19	t.	t.	PROPN
gujaf-82	111	20	𝛽0	𝛽0	PROPN
gujaf-82	111	21	is	be	AUX
gujaf-82	111	22	the	the	DET
gujaf-82	111	23	intercept	intercept	NOUN
gujaf-82	111	24	while	while	SCONJ
gujaf-82	111	25	𝛽1𝛽4	𝛽1𝛽4	PROPN
gujaf-82	111	26	are	be	AUX
gujaf-82	111	27	coefficients	coefficient	NOUN
gujaf-82	111	28	of	of	ADP
gujaf-82	111	29	the	the	DET
gujaf-82	111	30	explanatory	explanatory	ADJ
gujaf-82	111	31	variables	variable	NOUN
gujaf-82	111	32	;	;	PUNCT
gujaf-82	111	33	𝑈𝑡=error	𝑈𝑡=error	PROPN
gujaf-82	111	34	term	term	NOUN
gujaf-82	111	35	;	;	PUNCT
gujaf-82	111	36	t	t	PROPN
gujaf-82	111	37	=	=	PROPN
gujaf-82	111	38	1	1	NUM
gujaf-82	111	39	,	,	PUNCT
gujaf-82	111	40	2	2	NUM
gujaf-82	111	41	,	,	PUNCT
gujaf-82	111	42	3	3	NUM
gujaf-82	111	43	,	,	PUNCT
gujaf-82	111	44	…	…	PUNCT
gujaf-82	111	45	33	33	NUM
gujaf-82	111	46	years	year	NOUN
gujaf-82	111	47	.	.	PUNCT
gujaf-82	112	1	it	it	PRON
gujaf-82	112	2	is	be	AUX
gujaf-82	112	3	expected	expect	VERB
gujaf-82	112	4	that	that	SCONJ
gujaf-82	112	5	𝛽1𝛽3	𝛽1𝛽3	ADP
gujaf-82	112	6	>	>	X
gujaf-82	112	7	0	0	NUM
gujaf-82	112	8	;	;	PUNCT
gujaf-82	112	9	𝛽4	𝛽4	PROPN
gujaf-82	112	10	<	<	X
gujaf-82	112	11	0	0	NUM
gujaf-82	112	12	.	.	PUNCT
gujaf-82	113	1	moreover	moreover	ADV
gujaf-82	113	2	,	,	PUNCT
gujaf-82	113	3	the	the	DET
gujaf-82	113	4	pairwise	pairwise	NOUN
gujaf-82	113	5	causality	causality	NOUN
gujaf-82	113	6	test	test	NOUN
gujaf-82	113	7	equations	equation	NOUN
gujaf-82	113	8	are	be	AUX
gujaf-82	113	9	specified	specify	VERB
gujaf-82	113	10	thus	thus	ADV
gujaf-82	113	11	.	.	PUNCT
gujaf-82	114	1	equations	equation	NOUN
gujaf-82	114	2	(	(	PUNCT
gujaf-82	114	3	5	5	NUM
gujaf-82	114	4	)	)	PUNCT
gujaf-82	114	5	to	to	ADP
gujaf-82	114	6	(	(	PUNCT
gujaf-82	114	7	8)	8)	NUM
gujaf-82	114	8	are	be	AUX
gujaf-82	114	9	the	the	DET
gujaf-82	114	10	pairwise	pairwise	NOUN
gujaf-82	114	11	granger	granger	NOUN
gujaf-82	114	12	causality	causality	NOUN
gujaf-82	114	13	equations	equation	NOUN
gujaf-82	114	14	of	of	ADP
gujaf-82	114	15	financial	financial	ADJ
gujaf-82	114	16	deepening	deepening	NOUN
gujaf-82	114	17	indicators	indicator	NOUN
gujaf-82	114	18	and	and	CCONJ
gujaf-82	114	19	stock	stock	NOUN
gujaf-82	114	20	market	market	NOUN
gujaf-82	114	21	returns	return	NOUN
gujaf-82	114	22	.	.	PUNCT
gujaf-82	115	1	𝐴𝑆𝐼𝑡	𝐴𝑆𝐼𝑡	NOUN
gujaf-82	115	2	=	=	SYM
gujaf-82	115	3	𝐶𝑃𝑆𝑅𝑡	𝐶𝑃𝑆𝑅𝑡	NOUN
gujaf-82	115	4	𝑛	𝑛	PRON
gujaf-82	115	5	𝑡=1	𝑡=1	PROPN
gujaf-82	115	6	+	+	PROPN
gujaf-82	115	7	𝑀𝑇𝑁𝑅𝑡	𝑀𝑇𝑁𝑅𝑡	NOUN
gujaf-82	115	8	𝑛	𝑛	PROPN
gujaf-82	115	9	𝑡−𝑖	𝑡−𝑖	NOUN
gujaf-82	115	10	+	+	CCONJ
gujaf-82	115	11	𝑀𝐶𝐴𝑃𝑅𝑡	𝑀𝐶𝐴𝑃𝑅𝑡	PROPN
gujaf-82	115	12	𝑛	𝑛	PRON
gujaf-82	115	13	𝑡−𝑗	𝑡−𝑗	NOUN
gujaf-82	115	14	+	+	CCONJ
gujaf-82	115	15	𝑈1𝑡	𝑈1𝑡	PROPN
gujaf-82	115	16	5	5	NUM
gujaf-82	115	17	(	(	PUNCT
gujaf-82	115	18	5	5	NUM
gujaf-82	115	19	)	)	PUNCT
gujaf-82	115	20	𝐶𝑃𝑆𝑅𝑡	𝐶𝑃𝑆𝑅𝑡	NOUN
gujaf-82	115	21	=	=	SYM
gujaf-82	115	22	𝐴𝑆𝐼𝑡	𝐴𝑆𝐼𝑡	NOUN
gujaf-82	115	23	𝑛	𝑛	DET
gujaf-82	115	24	𝑡=1	𝑡=1	PROPN
gujaf-82	115	25	+	+	PROPN
gujaf-82	115	26	𝑀𝑇𝑁𝑅𝑡	𝑀𝑇𝑁𝑅𝑡	NOUN
gujaf-82	115	27	𝑛	𝑛	PROPN
gujaf-82	115	28	𝑡−𝑖	𝑡−𝑖	NOUN
gujaf-82	115	29	+	+	CCONJ
gujaf-82	115	30	𝑀𝐶𝐴𝑃𝑅𝑡	𝑀𝐶𝐴𝑃𝑅𝑡	PROPN
gujaf-82	115	31	𝑛	𝑛	DET
gujaf-82	115	32	𝑡−𝑗	𝑡−𝑗	NOUN
gujaf-82	115	33	+	+	CCONJ
gujaf-82	115	34	𝑈2𝑡	𝑈2𝑡	X
gujaf-82	115	35	6	6	NUM
gujaf-82	115	36	(	(	PUNCT
gujaf-82	115	37	6	6	NUM
gujaf-82	115	38	)	)	PUNCT
gujaf-82	115	39	𝑀𝑇𝑁𝑅𝑡	𝑀𝑇𝑁𝑅𝑡	NOUN
gujaf-82	115	40	=	=	PUNCT
gujaf-82	115	41	𝐶𝑃𝑆𝑅𝑡	𝐶𝑃𝑆𝑅𝑡	NOUN
gujaf-82	115	42	𝑛	𝑛	PRON
gujaf-82	115	43	𝑡=1	𝑡=1	PROPN
gujaf-82	115	44	+	+	CCONJ
gujaf-82	115	45	𝐴𝑆𝐼𝑡	𝐴𝑆𝐼𝑡	NOUN
gujaf-82	115	46	𝑛	𝑛	PROPN
gujaf-82	115	47	𝑡−𝑖	𝑡−𝑖	PROPN
gujaf-82	115	48	+	+	CCONJ
gujaf-82	115	49	𝑀𝐶𝐴𝑃𝑅𝑡	𝑀𝐶𝐴𝑃𝑅𝑡	PROPN
gujaf-82	115	50	𝑛	𝑛	DET
gujaf-82	115	51	𝑡−𝑗	𝑡−𝑗	NOUN
gujaf-82	115	52	+	+	CCONJ
gujaf-82	115	53	𝑈3𝑡	𝑈3𝑡	PROPN
gujaf-82	115	54	7	7	NUM
gujaf-82	115	55	(	(	PUNCT
gujaf-82	115	56	7	7	NUM
gujaf-82	115	57	)	)	PUNCT
gujaf-82	115	58	𝑀𝐶𝐴𝑃𝑅𝑡	𝑀𝐶𝐴𝑃𝑅𝑡	NOUN
gujaf-82	115	59	=	=	PUNCT
gujaf-82	115	60	𝐶𝑃𝑆𝑅𝑡	𝐶𝑃𝑆𝑅𝑡	VERB
gujaf-82	115	61	𝑛	𝑛	PRON
gujaf-82	115	62	𝑡=1	𝑡=1	PROPN
gujaf-82	115	63	+	+	CCONJ
gujaf-82	115	64	𝐴𝑆𝐼𝑡	𝐴𝑆𝐼𝑡	NOUN
gujaf-82	115	65	𝑛	𝑛	PROPN
gujaf-82	115	66	𝑡−𝑖	𝑡−𝑖	PROPN
gujaf-82	115	67	+	+	PROPN
gujaf-82	115	68	𝑀𝑇𝑁𝑅𝑡	𝑀𝑇𝑁𝑅𝑡	PROPN
gujaf-82	115	69	𝑛	𝑛	PRON
gujaf-82	115	70	𝑡−𝑗	𝑡−𝑗	NOUN
gujaf-82	115	71	+	+	CCONJ
gujaf-82	115	72	𝑈4𝑡	𝑈4𝑡	PROPN
gujaf-82	115	73	8	8	NUM
gujaf-82	115	74	(	(	PUNCT
gujaf-82	115	75	8)	8)	NUM
gujaf-82	115	76	finally	finally	ADV
gujaf-82	115	77	,	,	PUNCT
gujaf-82	115	78	specified	specify	VERB
gujaf-82	115	79	in	in	ADP
gujaf-82	115	80	equations	equation	NOUN
gujaf-82	115	81	(	(	PUNCT
gujaf-82	115	82	9	9	NUM
gujaf-82	115	83	)	)	PUNCT
gujaf-82	115	84	to	to	ADP
gujaf-82	115	85	(	(	PUNCT
gujaf-82	115	86	12	12	NUM
gujaf-82	115	87	)	)	PUNCT
gujaf-82	115	88	are	be	AUX
gujaf-82	115	89	the	the	DET
gujaf-82	115	90	pairwise	pairwise	NOUN
gujaf-82	115	91	granger	granger	NOUN
gujaf-82	115	92	causality	causality	NOUN
gujaf-82	115	93	equations	equation	NOUN
gujaf-82	115	94	of	of	ADP
gujaf-82	115	95	financial	financial	ADJ
gujaf-82	115	96	deepening	deepening	NOUN
gujaf-82	115	97	indicators	indicator	NOUN
gujaf-82	115	98	and	and	CCONJ
gujaf-82	115	99	stock	stock	NOUN
gujaf-82	115	100	market	market	NOUN
gujaf-82	115	101	liquidity	liquidity	NOUN
gujaf-82	115	102	.	.	PUNCT
gujaf-82	116	1	𝑇𝑉𝑆𝑇𝑅𝑡	𝑇𝑉𝑆𝑇𝑅𝑡	NOUN
gujaf-82	116	2	=	=	PUNCT
gujaf-82	116	3	𝐶𝑃𝑆𝑅𝑡	𝐶𝑃𝑆𝑅𝑡	VERB
gujaf-82	116	4	𝑛	𝑛	PRON
gujaf-82	116	5	𝑡=1	𝑡=1	PROPN
gujaf-82	116	6	+	+	PROPN
gujaf-82	116	7	𝑀𝑇𝑁𝑅𝑡	𝑀𝑇𝑁𝑅𝑡	NOUN
gujaf-82	116	8	𝑛	𝑛	PROPN
gujaf-82	116	9	𝑡−𝑖	𝑡−𝑖	NOUN
gujaf-82	116	10	+	+	CCONJ
gujaf-82	116	11	𝑀𝐶𝐴𝑃𝑅𝑡	𝑀𝐶𝐴𝑃𝑅𝑡	PROPN
gujaf-82	116	12	𝑛	𝑛	DET
gujaf-82	116	13	𝑡−𝑗	𝑡−𝑗	NOUN
gujaf-82	116	14	+	+	CCONJ
gujaf-82	116	15	𝑈6𝑡	𝑈6𝑡	PROPN
gujaf-82	116	16	9	9	NUM
gujaf-82	116	17	(	(	PUNCT
gujaf-82	116	18	9	9	NUM
gujaf-82	116	19	)	)	PUNCT
gujaf-82	116	20	𝐶𝑃𝑆𝑅𝑡	𝐶𝑃𝑆𝑅𝑡	NOUN
gujaf-82	116	21	=	=	SYM
gujaf-82	116	22	𝑇𝑉𝑆𝑇𝑅𝑡	𝑇𝑉𝑆𝑇𝑅𝑡	NOUN
gujaf-82	116	23	𝑛	𝑛	PRON
gujaf-82	116	24	𝑡=1	𝑡=1	PROPN
gujaf-82	116	25	+	+	PROPN
gujaf-82	116	26	𝑀𝑇𝑁𝑅𝑡	𝑀𝑇𝑁𝑅𝑡	NOUN
gujaf-82	116	27	𝑛	𝑛	PROPN
gujaf-82	116	28	𝑡−𝑖	𝑡−𝑖	NOUN
gujaf-82	116	29	+	+	CCONJ
gujaf-82	116	30	𝑀𝐶𝐴𝑃𝑅𝑡	𝑀𝐶𝐴𝑃𝑅𝑡	PROPN
gujaf-82	116	31	𝑛	𝑛	PRON
gujaf-82	116	32	𝑡−𝑗	𝑡−𝑗	NOUN
gujaf-82	116	33	+	+	CCONJ
gujaf-82	116	34	𝑈7𝑡	𝑈7𝑡	PROPN
gujaf-82	116	35	10	10	NUM
gujaf-82	116	36	(	(	PUNCT
gujaf-82	116	37	10	10	NUM
gujaf-82	116	38	)	)	PUNCT
gujaf-82	116	39	𝑀𝑇𝑁𝑅𝑡	𝑀𝑇𝑁𝑅𝑡	NOUN
gujaf-82	116	40	=	=	PUNCT
gujaf-82	116	41	𝐶𝑃𝑆𝑅𝑡	𝐶𝑃𝑆𝑅𝑡	NOUN
gujaf-82	116	42	𝑛	𝑛	PRON
gujaf-82	116	43	𝑡=1	𝑡=1	PROPN
gujaf-82	116	44	+	+	CCONJ
gujaf-82	116	45	𝑇𝑉𝑆𝑇𝑅𝑡	𝑇𝑉𝑆𝑇𝑅𝑡	PROPN
gujaf-82	116	46	𝑛	𝑛	PROPN
gujaf-82	116	47	𝑡−𝑖	𝑡−𝑖	PROPN
gujaf-82	116	48	+	+	CCONJ
gujaf-82	116	49	𝑀𝐶𝐴𝑃𝑅𝑡	𝑀𝐶𝐴𝑃𝑅𝑡	PROPN
gujaf-82	116	50	𝑛	𝑛	PRON
gujaf-82	116	51	𝑡−𝑗	𝑡−𝑗	NOUN
gujaf-82	116	52	+	+	CCONJ
gujaf-82	116	53	𝑈8𝑡	𝑈8𝑡	PROPN
gujaf-82	116	54	11	11	NUM
gujaf-82	116	55	(	(	PUNCT
gujaf-82	116	56	11	11	NUM
gujaf-82	116	57	)	)	PUNCT
gujaf-82	116	58	𝑀𝐶𝐴𝑃𝑅𝑡	𝑀𝐶𝐴𝑃𝑅𝑡	NOUN
gujaf-82	116	59	=	=	PUNCT
gujaf-82	117	1	𝐶𝑃𝑆𝑅𝑡	𝐶𝑃𝑆𝑅𝑡	VERB
gujaf-82	117	2	𝑛	𝑛	PRON
gujaf-82	117	3	𝑡=1	𝑡=1	PROPN
gujaf-82	117	4	+	+	CCONJ
gujaf-82	117	5	𝑇𝑉𝑆𝑇𝑅𝑡	𝑇𝑉𝑆𝑇𝑅𝑡	PROPN
gujaf-82	117	6	𝑛	𝑛	PROPN
gujaf-82	117	7	𝑡−𝑖	𝑡−𝑖	PROPN
gujaf-82	117	8	+	+	PROPN
gujaf-82	117	9	𝑀𝑇𝑁𝑅𝑡	𝑀𝑇𝑁𝑅𝑡	PROPN
gujaf-82	117	10	𝑛	𝑛	PRON
gujaf-82	117	11	𝑡−𝑗	𝑡−𝑗	NOUN
gujaf-82	117	12	+	+	CCONJ
gujaf-82	117	13	𝑈9𝑡	𝑈9𝑡	PROPN
gujaf-82	117	14	12	12	NUM
gujaf-82	117	15	(	(	PUNCT
gujaf-82	117	16	12	12	NUM
gujaf-82	117	17	)	)	PUNCT
gujaf-82	117	18	gusau	gusau	ADJ
gujaf-82	117	19	journal	journal	NOUN
gujaf-82	117	20	of	of	ADP
gujaf-82	117	21	accounting	accounting	NOUN
gujaf-82	117	22	and	and	CCONJ
gujaf-82	117	23	finance	finance	NOUN
gujaf-82	117	24	,	,	PUNCT
gujaf-82	117	25	vol	vol	NOUN
gujaf-82	117	26	.	.	PROPN
gujaf-82	117	27	2	2	NUM
gujaf-82	117	28	,	,	PUNCT
gujaf-82	117	29	issue	issue	NOUN
gujaf-82	117	30	2	2	NUM
gujaf-82	117	31	,	,	PUNCT
gujaf-82	117	32	april	april	PROPN
gujaf-82	117	33	,	,	PUNCT
gujaf-82	117	34	2021	2021	NUM
gujaf-82	117	35	8	8	NUM
gujaf-82	117	36	4	4	NUM
gujaf-82	117	37	.	.	PUNCT
gujaf-82	118	1	findings	finding	NOUN
gujaf-82	118	2	and	and	CCONJ
gujaf-82	118	3	discussions	discussion	NOUN
gujaf-82	118	4	the	the	DET
gujaf-82	118	5	descriptive	descriptive	ADJ
gujaf-82	118	6	statistics	statistic	NOUN
gujaf-82	118	7	presented	present	VERB
gujaf-82	118	8	in	in	ADP
gujaf-82	118	9	table	table	NOUN
gujaf-82	118	10	1	1	NUM
gujaf-82	118	11	shows	show	VERB
gujaf-82	118	12	that	that	SCONJ
gujaf-82	118	13	except	except	SCONJ
gujaf-82	118	14	for	for	ADP
gujaf-82	118	15	total	total	ADJ
gujaf-82	118	16	value	value	NOUN
gujaf-82	118	17	of	of	ADP
gujaf-82	118	18	shares	share	NOUN
gujaf-82	118	19	traded	trade	VERB
gujaf-82	118	20	ratio	ratio	NOUN
gujaf-82	118	21	(	(	PUNCT
gujaf-82	118	22	tvstr	tvstr	NOUN
gujaf-82	118	23	)	)	PUNCT
gujaf-82	118	24	,	,	PUNCT
gujaf-82	118	25	which	which	PRON
gujaf-82	118	26	displays	display	VERB
gujaf-82	118	27	wide	wide	ADJ
gujaf-82	118	28	dispersion(volatility	dispersion(volatility	NOUN
gujaf-82	118	29	)	)	PUNCT
gujaf-82	118	30	;	;	PUNCT
gujaf-82	118	31	all	all	DET
gujaf-82	118	32	other	other	ADJ
gujaf-82	118	33	variables	variable	NOUN
gujaf-82	118	34	are	be	AUX
gujaf-82	118	35	not	not	PART
gujaf-82	118	36	widely	widely	ADV
gujaf-82	118	37	dispersed	disperse	VERB
gujaf-82	118	38	(	(	PUNCT
gujaf-82	118	39	relatively	relatively	ADV
gujaf-82	118	40	stable	stable	ADJ
gujaf-82	118	41	)	)	PUNCT
gujaf-82	118	42	as	as	SCONJ
gujaf-82	118	43	their	their	PRON
gujaf-82	118	44	mean	mean	ADJ
gujaf-82	118	45	values	value	NOUN
gujaf-82	118	46	are	be	AUX
gujaf-82	118	47	not	not	PART
gujaf-82	118	48	less	less	ADJ
gujaf-82	118	49	than	than	ADP
gujaf-82	118	50	their	their	PRON
gujaf-82	118	51	standard	standard	ADJ
gujaf-82	118	52	deviation	deviation	NOUN
gujaf-82	118	53	values	value	NOUN
gujaf-82	118	54	.	.	PUNCT
gujaf-82	119	1	also	also	ADV
gujaf-82	119	2	,	,	PUNCT
gujaf-82	119	3	the	the	DET
gujaf-82	119	4	descriptive	descriptive	ADJ
gujaf-82	119	5	statistics	statistic	NOUN
gujaf-82	119	6	show	show	VERB
gujaf-82	119	7	that	that	SCONJ
gujaf-82	119	8	all	all	DET
gujaf-82	119	9	the	the	DET
gujaf-82	119	10	variables	variable	NOUN
gujaf-82	119	11	are	be	AUX
gujaf-82	119	12	platykurtic	platykurtic	ADJ
gujaf-82	119	13	(	(	PUNCT
gujaf-82	119	14	flat	flat	ADV
gujaf-82	119	15	peaked	peak	VERB
gujaf-82	119	16	with	with	ADP
gujaf-82	119	17	lighter	light	ADJ
gujaf-82	119	18	tails	tail	NOUN
gujaf-82	119	19	)	)	PUNCT
gujaf-82	119	20	relative	relative	ADJ
gujaf-82	119	21	to	to	ADP
gujaf-82	119	22	normal	normal	ADJ
gujaf-82	119	23	as	as	SCONJ
gujaf-82	119	24	their	their	PRON
gujaf-82	119	25	kurtosis	kurtosis	NOUN
gujaf-82	119	26	do	do	AUX
gujaf-82	119	27	not	not	PART
gujaf-82	119	28	exceed	exceed	VERB
gujaf-82	119	29	3	3	NUM
gujaf-82	119	30	.	.	PUNCT
gujaf-82	120	1	also	also	ADV
gujaf-82	120	2	,	,	PUNCT
gujaf-82	120	3	all	all	DET
gujaf-82	120	4	the	the	DET
gujaf-82	120	5	series	series	NOUN
gujaf-82	120	6	are	be	AUX
gujaf-82	120	7	positively	positively	ADV
gujaf-82	120	8	skewed	skewed	ADJ
gujaf-82	120	9	,	,	PUNCT
gujaf-82	120	10	implying	imply	VERB
gujaf-82	120	11	that	that	SCONJ
gujaf-82	120	12	they	they	PRON
gujaf-82	120	13	may	may	AUX
gujaf-82	120	14	not	not	PART
gujaf-82	120	15	be	be	AUX
gujaf-82	120	16	symmetrical	symmetrical	ADJ
gujaf-82	120	17	around	around	ADP
gujaf-82	120	18	the	the	DET
gujaf-82	120	19	mean	mean	NOUN
gujaf-82	120	20	and	and	CCONJ
gujaf-82	120	21	thus	thus	ADV
gujaf-82	120	22	deviating	deviate	VERB
gujaf-82	120	23	from	from	ADP
gujaf-82	120	24	normal	normal	ADJ
gujaf-82	120	25	distribution	distribution	NOUN
gujaf-82	120	26	.	.	PUNCT
gujaf-82	121	1	finally	finally	ADV
gujaf-82	121	2	,	,	PUNCT
gujaf-82	121	3	except	except	SCONJ
gujaf-82	121	4	for	for	ADP
gujaf-82	121	5	all	all	DET
gujaf-82	121	6	-	-	PUNCT
gujaf-82	121	7	share	share	NOUN
gujaf-82	121	8	index	index	NOUN
gujaf-82	121	9	(	(	PUNCT
gujaf-82	121	10	asi	asi	NOUN
gujaf-82	121	11	)	)	PUNCT
gujaf-82	121	12	,	,	PUNCT
gujaf-82	121	13	monetization	monetization	NOUN
gujaf-82	121	14	ratio	ratio	NOUN
gujaf-82	121	15	(	(	PUNCT
gujaf-82	121	16	mntr	mntr	PROPN
gujaf-82	121	17	)	)	PUNCT
gujaf-82	121	18	and	and	CCONJ
gujaf-82	121	19	exchange	exchange	NOUN
gujaf-82	121	20	rate	rate	NOUN
gujaf-82	121	21	(	(	PUNCT
gujaf-82	121	22	exchr	exchr	PROPN
gujaf-82	121	23	)	)	PUNCT
gujaf-82	121	24	(	(	PUNCT
gujaf-82	121	25	with	with	ADP
gujaf-82	121	26	p	p	NOUN
gujaf-82	121	27	-	-	PUNCT
gujaf-82	121	28	value	value	NOUN
gujaf-82	121	29	of	of	ADP
gujaf-82	121	30	the	the	DET
gujaf-82	121	31	jarque	jarque	NOUN
gujaf-82	121	32	-	-	PUNCT
gujaf-82	121	33	bera	bera	NOUN
gujaf-82	121	34	(	(	PUNCT
gujaf-82	121	35	j	j	PROPN
gujaf-82	121	36	-	-	PUNCT
gujaf-82	121	37	b	b	NOUN
gujaf-82	121	38	)	)	PUNCT
gujaf-82	121	39	stat	stat	NOUN
gujaf-82	121	40	.	.	PUNCT
gujaf-82	122	1	of	of	ADP
gujaf-82	122	2	high	high	ADJ
gujaf-82	122	3	value	value	NOUN
gujaf-82	122	4	)	)	PUNCT
gujaf-82	122	5	which	which	PRON
gujaf-82	122	6	are	be	AUX
gujaf-82	122	7	normally	normally	ADV
gujaf-82	122	8	distributed	distribute	VERB
gujaf-82	122	9	;	;	PUNCT
gujaf-82	122	10	all	all	DET
gujaf-82	122	11	other	other	ADJ
gujaf-82	122	12	variables	variable	NOUN
gujaf-82	122	13	that	that	SCONJ
gujaf-82	122	14	whose	whose	DET
gujaf-82	122	15	j	j	PROPN
gujaf-82	122	16	-	-	PUNCT
gujaf-82	122	17	b	b	PROPN
gujaf-82	122	18	’s	’s	X
gujaf-82	122	19	p	p	NOUN
gujaf-82	122	20	-	-	PUNCT
gujaf-82	122	21	value	value	NOUN
gujaf-82	122	22	is	be	AUX
gujaf-82	122	23	generally	generally	ADV
gujaf-82	122	24	low	low	ADJ
gujaf-82	122	25	(	(	PUNCT
gujaf-82	122	26	<	<	X
gujaf-82	122	27	5	5	NUM
gujaf-82	122	28	%	%	NOUN
gujaf-82	122	29	)	)	PUNCT
gujaf-82	122	30	,	,	PUNCT
gujaf-82	122	31	suggests	suggest	VERB
gujaf-82	122	32	the	the	DET
gujaf-82	122	33	rejection	rejection	NOUN
gujaf-82	122	34	of	of	ADP
gujaf-82	122	35	normal	normal	ADJ
gujaf-82	122	36	distribution	distribution	NOUN
gujaf-82	122	37	for	for	ADP
gujaf-82	122	38	the	the	DET
gujaf-82	122	39	other	other	ADJ
gujaf-82	122	40	series	series	NOUN
gujaf-82	122	41	at	at	ADP
gujaf-82	122	42	5	5	NUM
gujaf-82	122	43	%	%	NOUN
gujaf-82	122	44	.	.	PUNCT
gujaf-82	123	1	credit	credit	NOUN
gujaf-82	123	2	to	to	ADP
gujaf-82	123	3	private	private	ADJ
gujaf-82	123	4	sector	sector	NOUN
gujaf-82	123	5	ratio	ratio	NOUN
gujaf-82	123	6	(	(	PUNCT
gujaf-82	123	7	cpsr	cpsr	NOUN
gujaf-82	123	8	)	)	PUNCT
gujaf-82	123	9	however	however	ADV
gujaf-82	123	10	,	,	PUNCT
gujaf-82	123	11	attains	attain	NOUN
gujaf-82	123	12	normality	normality	NOUN
gujaf-82	123	13	at	at	ADP
gujaf-82	123	14	5	5	NUM
gujaf-82	123	15	%	%	NOUN
gujaf-82	123	16	level	level	NOUN
gujaf-82	123	17	.	.	PUNCT
gujaf-82	124	1	table	table	NOUN
gujaf-82	124	2	1	1	NUM
gujaf-82	124	3	:	:	PUNCT
gujaf-82	124	4	descriptive	descriptive	ADJ
gujaf-82	124	5	statistics	statistics	PROPN
gujaf-82	124	6	asi	asi	PROPN
gujaf-82	124	7	tvstr	tvstr	PROPN
gujaf-82	124	8	cpsr	cpsr	PROPN
gujaf-82	124	9	mntr	mntr	AUX
gujaf-82	124	10	mcapr	mcapr	VERB
gujaf-82	124	11	exchr	exchr	ADJ
gujaf-82	124	12	mean	mean	VERB
gujaf-82	125	1	194426.1	194426.1	NUM
gujaf-82	125	2	873.943	873.943	NUM
gujaf-82	125	3	11.550	11.550	NUM
gujaf-82	125	4	14.613	14.613	NUM
gujaf-82	125	5	11.449	11.449	NUM
gujaf-82	125	6	99.011	99.011	NUM
gujaf-82	125	7	median	median	NOUN
gujaf-82	125	8	130901.7	130901.7	NUM
gujaf-82	125	9	567.572	567.572	NUM
gujaf-82	125	10	8.249	8.249	NUM
gujaf-82	125	11	13.097	13.097	NUM
gujaf-82	125	12	7.853	7.853	NUM
gujaf-82	125	13	115.255	115.255	NUM
gujaf-82	125	14	maximum	maximum	ADJ
gujaf-82	125	15	605096.4	605096.4	NUM
gujaf-82	125	16	4288.137	4288.137	NUM
gujaf-82	125	17	20.773	20.773	NUM
gujaf-82	125	18	21.307	21.307	NUM
gujaf-82	125	19	39.950	39.950	NUM
gujaf-82	125	20	306.080	306.080	NUM
gujaf-82	125	21	minimum	minimum	NOUN
gujaf-82	125	22	1407.400	1407.400	NUM
gujaf-82	125	23	40.617	40.617	NUM
gujaf-82	125	24	6.217	6.217	NUM
gujaf-82	125	25	9.151	9.151	NUM
gujaf-82	125	26	3.053	3.053	NUM
gujaf-82	125	27	0.893	0.893	NUM
gujaf-82	125	28	std	std	NOUN
gujaf-82	125	29	.	.	PUNCT
gujaf-82	126	1	dev	dev	PROPN
gujaf-82	126	2	.	.	PUNCT
gujaf-82	127	1	184630.8	184630.8	NUM
gujaf-82	127	2	987.235	987.235	NUM
gujaf-82	127	3	5.473	5.473	NUM
gujaf-82	127	4	3.951	3.951	NUM
gujaf-82	127	5	8.496	8.496	NUM
gujaf-82	127	6	86.462	86.462	NUM
gujaf-82	127	7	skewness	skewness	NOUN
gujaf-82	127	8	0.606	0.606	NUM
gujaf-82	127	9	1.836	1.836	NUM
gujaf-82	127	10	0.714	0.714	NUM
gujaf-82	127	11	0.439	0.439	NUM
gujaf-82	127	12	1.205	1.205	NUM
gujaf-82	127	13	0.683	0.683	NUM
gujaf-82	127	14	kurtosis	kurtosis	VERB
gujaf-82	127	15	2.214	2.214	NUM
gujaf-82	127	16	6.303	6.303	NUM
gujaf-82	127	17	1.692	1.692	NUM
gujaf-82	127	18	1.669	1.669	NUM
gujaf-82	127	19	4.663	4.663	NUM
gujaf-82	127	20	2.893	2.893	NUM
gujaf-82	127	21	jarque	jarque	NOUN
gujaf-82	127	22	-	-	PUNCT
gujaf-82	127	23	bera	bera	NOUN
gujaf-82	127	24	2.958	2.958	NUM
gujaf-82	127	25	34.576	34.576	NUM
gujaf-82	127	26	5.313	5.313	NUM
gujaf-82	127	27	3.601	3.601	NUM
gujaf-82	127	28	12.152	12.152	NUM
gujaf-82	127	29	2.664	2.664	NUM
gujaf-82	127	30	probability	probability	NOUN
gujaf-82	127	31	0.227	0.227	NUM
gujaf-82	127	32	0.000	0.000	NUM
gujaf-82	127	33	0.070	0.070	NUM
gujaf-82	127	34	0.165	0.165	NUM
gujaf-82	127	35	0.002	0.002	NUM
gujaf-82	127	36	0.263	0.263	NUM
gujaf-82	127	37	source	source	NOUN
gujaf-82	127	38	:	:	PUNCT
gujaf-82	127	39	eviews	eviews	PROPN
gujaf-82	127	40	output	output	NOUN
gujaf-82	127	41	,	,	PUNCT
gujaf-82	127	42	2021	2021	NUM
gujaf-82	127	43	the	the	DET
gujaf-82	127	44	results	result	NOUN
gujaf-82	127	45	of	of	ADP
gujaf-82	127	46	the	the	DET
gujaf-82	127	47	adf	adf	PROPN
gujaf-82	127	48	unit	unit	NOUN
gujaf-82	127	49	root	root	NOUN
gujaf-82	127	50	tests	test	NOUN
gujaf-82	127	51	reported	report	VERB
gujaf-82	127	52	in	in	ADP
gujaf-82	127	53	table	table	NOUN
gujaf-82	127	54	2	2	NUM
gujaf-82	127	55	show	show	VERB
gujaf-82	127	56	that	that	SCONJ
gujaf-82	127	57	all	all	DET
gujaf-82	127	58	the	the	DET
gujaf-82	127	59	variables	variable	NOUN
gujaf-82	127	60	are	be	AUX
gujaf-82	127	61	nonstationary	nonstationary	ADJ
gujaf-82	127	62	in	in	ADP
gujaf-82	127	63	levels	level	NOUN
gujaf-82	127	64	but	but	CCONJ
gujaf-82	127	65	became	become	VERB
gujaf-82	127	66	stationary	stationary	ADJ
gujaf-82	127	67	after	after	ADP
gujaf-82	127	68	first	first	ADJ
gujaf-82	127	69	differences	difference	NOUN
gujaf-82	127	70	.	.	PUNCT
gujaf-82	128	1	all	all	DET
gujaf-82	128	2	the	the	DET
gujaf-82	128	3	variables	variable	NOUN
gujaf-82	128	4	are	be	AUX
gujaf-82	128	5	therefore	therefore	ADV
gujaf-82	128	6	,	,	PUNCT
gujaf-82	128	7	said	say	VERB
gujaf-82	128	8	to	to	PART
gujaf-82	128	9	be	be	AUX
gujaf-82	128	10	integrated	integrate	VERB
gujaf-82	128	11	of	of	ADP
gujaf-82	128	12	order	order	NOUN
gujaf-82	128	13	one	one	NUM
gujaf-82	128	14	.	.	PUNCT
gujaf-82	129	1	table	table	NOUN
gujaf-82	129	2	2	2	NUM
gujaf-82	129	3	:	:	PUNCT
gujaf-82	129	4	adf	adf	PROPN
gujaf-82	129	5	unit	unit	NOUN
gujaf-82	129	6	root	root	PROPN
gujaf-82	129	7	results	result	VERB
gujaf-82	129	8	variables	variable	NOUN
gujaf-82	129	9	asi	asi	PROPN
gujaf-82	129	10	tvstr	tvstr	PROPN
gujaf-82	129	11	cpsr	cpsr	PROPN
gujaf-82	129	12	mntr	mntr	AUX
gujaf-82	129	13	mcapr	mcapr	VERB
gujaf-82	129	14	exchr	exchr	PROPN
gujaf-82	129	15	adf	adf	PROPN
gujaf-82	129	16	-5.925	-5.925	PUNCT
gujaf-82	129	17	-6.090	-6.090	X
gujaf-82	129	18	-4.556	-4.556	PUNCT
gujaf-82	129	19	-5.298	-5.298	PUNCT
gujaf-82	129	20	-6.342	-6.342	PUNCT
gujaf-82	129	21	-4.039	-4.039	PUNCT
gujaf-82	129	22	p	p	NOUN
gujaf-82	129	23	-	-	PUNCT
gujaf-82	129	24	value	value	NOUN
gujaf-82	129	25	0.000	0.000	NOUN
gujaf-82	129	26	*	*	PUNCT
gujaf-82	129	27	*	*	PUNCT
gujaf-82	129	28	*	*	PUNCT
gujaf-82	129	29	0.000	0.000	NUM
gujaf-82	129	30	*	*	PUNCT
gujaf-82	129	31	*	*	PUNCT
gujaf-82	129	32	*	*	PUNCT
gujaf-82	129	33	0.001	0.001	NUM
gujaf-82	129	34	*	*	PUNCT
gujaf-82	129	35	*	*	PUNCT
gujaf-82	129	36	*	*	PUNCT
gujaf-82	129	37	0.000	0.000	NUM
gujaf-82	129	38	*	*	PUNCT
gujaf-82	129	39	*	*	PUNCT
gujaf-82	129	40	*	*	PUNCT
gujaf-82	129	41	0.000	0.000	NUM
gujaf-82	129	42	*	*	PUNCT
gujaf-82	129	43	*	*	PUNCT
gujaf-82	129	44	*	*	PUNCT
gujaf-82	129	45	0.003	0.003	NUM
gujaf-82	129	46	*	*	PUNCT
gujaf-82	129	47	*	*	PUNCT
gujaf-82	129	48	*	*	ADJ
gujaf-82	129	49	i(d	i(d	NOUN
gujaf-82	129	50	)	)	PUNCT
gujaf-82	129	51	i(1	i(1	PROPN
gujaf-82	129	52	)	)	PUNCT
gujaf-82	129	53	i(1	i(1	PROPN
gujaf-82	129	54	)	)	PUNCT
gujaf-82	129	55	i(1	i(1	PROPN
gujaf-82	129	56	)	)	PUNCT
gujaf-82	129	57	i(1	i(1	PROPN
gujaf-82	129	58	)	)	PUNCT
gujaf-82	129	59	i(1	i(1	PROPN
gujaf-82	129	60	)	)	PUNCT
gujaf-82	129	61	i(1	i(1	PROPN
gujaf-82	129	62	)	)	PUNCT
gujaf-82	129	63	source	source	NOUN
gujaf-82	129	64	:	:	PUNCT
gujaf-82	129	65	eviews	eviews	PROPN
gujaf-82	129	66	output	output	NOUN
gujaf-82	129	67	,	,	PUNCT
gujaf-82	129	68	2021	2021	NUM
gujaf-82	129	69	note	note	VERB
gujaf-82	129	70	:	:	PUNCT
gujaf-82	129	71	*	*	PUNCT
gujaf-82	129	72	*	*	PUNCT
gujaf-82	129	73	*	*	PUNCT
gujaf-82	129	74	denotes	denotes	PROPN
gujaf-82	129	75	stationarity	stationarity	NOUN
gujaf-82	129	76	of	of	ADP
gujaf-82	129	77	the	the	DET
gujaf-82	129	78	variables	variable	NOUN
gujaf-82	129	79	at	at	ADP
gujaf-82	129	80	1	1	NUM
gujaf-82	129	81	%	%	NOUN
gujaf-82	129	82	,	,	PUNCT
gujaf-82	129	83	significant	significant	ADJ
gujaf-82	129	84	level	level	NOUN
gujaf-82	129	85	;	;	PUNCT
gujaf-82	129	86	i(d	i(d	NOUN
gujaf-82	129	87	)	)	PUNCT
gujaf-82	129	88	signifies	signify	VERB
gujaf-82	129	89	order	order	NOUN
gujaf-82	129	90	of	of	ADP
gujaf-82	129	91	integration	integration	NOUN
gujaf-82	129	92	.	.	PUNCT
gujaf-82	130	1	the	the	DET
gujaf-82	130	2	johansen	johansen	PROPN
gujaf-82	130	3	co	co	NOUN
gujaf-82	130	4	-	-	NOUN
gujaf-82	130	5	integration	integration	NOUN
gujaf-82	130	6	results	result	NOUN
gujaf-82	130	7	in	in	ADP
gujaf-82	130	8	table	table	NOUN
gujaf-82	130	9	3	3	NUM
gujaf-82	130	10	represent	represent	VERB
gujaf-82	130	11	the	the	DET
gujaf-82	130	12	trace	trace	NOUN
gujaf-82	130	13	statistics	statistic	NOUN
gujaf-82	130	14	for	for	ADP
gujaf-82	130	15	the	the	DET
gujaf-82	130	16	models	model	NOUN
gujaf-82	130	17	.	.	PUNCT
gujaf-82	131	1	the	the	DET
gujaf-82	131	2	trace	trace	NOUN
gujaf-82	131	3	statistics	statistic	NOUN
gujaf-82	131	4	indicates	indicate	VERB
gujaf-82	131	5	that	that	SCONJ
gujaf-82	131	6	there	there	PRON
gujaf-82	131	7	is	be	VERB
gujaf-82	131	8	one	one	NUM
gujaf-82	131	9	cointegrating	cointegrate	VERB
gujaf-82	131	10	equation	equation	NOUN
gujaf-82	131	11	for	for	ADP
gujaf-82	131	12	model	model	NOUN
gujaf-82	131	13	1	1	NUM
gujaf-82	131	14	while	while	SCONJ
gujaf-82	131	15	two	two	NUM
gujaf-82	131	16	cointegrating	cointegrate	VERB
gujaf-82	131	17	equations	equation	NOUN
gujaf-82	131	18	for	for	ADP
gujaf-82	131	19	model	model	NOUN
gujaf-82	131	20	2	2	NUM
gujaf-82	131	21	.	.	PUNCT
gujaf-82	132	1	this	this	PRON
gujaf-82	132	2	implies	imply	VERB
gujaf-82	132	3	there	there	PRON
gujaf-82	132	4	is	be	VERB
gujaf-82	132	5	a	a	DET
gujaf-82	132	6	long	long	ADJ
gujaf-82	132	7	run	run	NOUN
gujaf-82	132	8	relationship	relationship	NOUN
gujaf-82	132	9	between	between	ADP
gujaf-82	132	10	financial	financial	ADJ
gujaf-82	132	11	deepening	deepening	NOUN
gujaf-82	132	12	and	and	CCONJ
gujaf-82	132	13	stock	stock	NOUN
gujaf-82	132	14	market	market	NOUN
gujaf-82	132	15	performance	performance	NOUN
gujaf-82	132	16	in	in	ADP
gujaf-82	132	17	nigeria	nigeria	PROPN
gujaf-82	132	18	,	,	PUNCT
gujaf-82	132	19	in	in	ADP
gujaf-82	132	20	line	line	NOUN
gujaf-82	132	21	with	with	ADP
gujaf-82	132	22	similar	similar	ADJ
gujaf-82	132	23	findings	finding	NOUN
gujaf-82	132	24	of	of	ADP
gujaf-82	132	25	alenoghena	alenoghena	NOUN
gujaf-82	132	26	,	,	PUNCT
gujaf-82	132	27	et	et	PROPN
gujaf-82	132	28	al	al	PROPN
gujaf-82	132	29	.	.	PUNCT
gujaf-82	133	1	(	(	PUNCT
gujaf-82	133	2	2014	2014	NUM
gujaf-82	133	3	)	)	PUNCT
gujaf-82	133	4	.	.	PUNCT
gujaf-82	134	1	gusau	gusau	PROPN
gujaf-82	134	2	journal	journal	PROPN
gujaf-82	134	3	of	of	ADP
gujaf-82	134	4	accounting	accounting	NOUN
gujaf-82	134	5	and	and	CCONJ
gujaf-82	134	6	finance	finance	NOUN
gujaf-82	134	7	,	,	PUNCT
gujaf-82	134	8	vol	vol	NOUN
gujaf-82	134	9	.	.	PROPN
gujaf-82	134	10	2	2	NUM
gujaf-82	134	11	,	,	PUNCT
gujaf-82	134	12	issue	issue	NOUN
gujaf-82	134	13	2	2	NUM
gujaf-82	134	14	,	,	PUNCT
gujaf-82	134	15	april	april	PROPN
gujaf-82	134	16	,	,	PUNCT
gujaf-82	134	17	2021	2021	NUM
gujaf-82	134	18	9	9	NUM
gujaf-82	134	19	table	table	NOUN
gujaf-82	134	20	3	3	NUM
gujaf-82	134	21	:	:	PUNCT
gujaf-82	134	22	johansen	johansen	PROPN
gujaf-82	134	23	cointegration	cointegration	PROPN
gujaf-82	134	24	test	test	NOUN
gujaf-82	134	25	model	model	NOUN
gujaf-82	134	26	1	1	NUM
gujaf-82	134	27	:	:	PUNCT
gujaf-82	134	28	asi	asi	PROPN
gujaf-82	134	29	cpsr	cpsr	PROPN
gujaf-82	134	30	mntr	mntr	VERB
gujaf-82	134	31	mcapr	mcapr	PROPN
gujaf-82	134	32	exr	exr	PROPN
gujaf-82	134	33	model	model	NOUN
gujaf-82	134	34	1	1	NUM
gujaf-82	134	35	:	:	PUNCT
gujaf-82	134	36	tvstr	tvstr	NOUN
gujaf-82	134	37	cpsr	cpsr	PROPN
gujaf-82	134	38	mntr	mntr	VERB
gujaf-82	134	39	mcapr	mcapr	PROPN
gujaf-82	134	40	exr	exr	PROPN
gujaf-82	134	41	unrestricted	unrestricted	ADJ
gujaf-82	134	42	cointegration	cointegration	NOUN
gujaf-82	134	43	rank	rank	NOUN
gujaf-82	134	44	test	test	NOUN
gujaf-82	134	45	(	(	PUNCT
gujaf-82	134	46	trace	trace	NOUN
gujaf-82	134	47	)	)	PUNCT
gujaf-82	134	48	unrestricted	unrestricted	ADJ
gujaf-82	134	49	cointegration	cointegration	NOUN
gujaf-82	134	50	rank	rank	NOUN
gujaf-82	134	51	test	test	NOUN
gujaf-82	134	52	(	(	PUNCT
gujaf-82	134	53	trace	trace	NOUN
gujaf-82	134	54	)	)	PUNCT
gujaf-82	134	55	hypothesized	hypothesize	VERB
gujaf-82	134	56	trace	trace	NOUN
gujaf-82	134	57	0.05	0.05	NUM
gujaf-82	134	58	trace	trace	NOUN
gujaf-82	134	59	0.05	0.05	NUM
gujaf-82	134	60	no	no	NOUN
gujaf-82	134	61	.	.	PUNCT
gujaf-82	135	1	of	of	ADP
gujaf-82	135	2	ce(s	ce(s	ADV
gujaf-82	135	3	)	)	PUNCT
gujaf-82	135	4	eigenvalue	eigenvalue	NOUN
gujaf-82	135	5	statistic	statistic	ADJ
gujaf-82	135	6	critical	critical	ADJ
gujaf-82	135	7	value	value	NOUN
gujaf-82	135	8	eigenvalue	eigenvalue	NOUN
gujaf-82	135	9	statistic	statistic	ADJ
gujaf-82	135	10	critical	critical	ADJ
gujaf-82	135	11	value	value	NOUN
gujaf-82	135	12	none	none	NOUN
gujaf-82	135	13	0.614	0.614	NUM
gujaf-82	135	14	72.763	72.763	NUM
gujaf-82	135	15	*	*	NOUN
gujaf-82	136	1	69.818	69.818	NUM
gujaf-82	136	2	0.651	0.651	NUM
gujaf-82	136	3	85.405	85.405	NUM
gujaf-82	136	4	*	*	NUM
gujaf-82	136	5	69.818	69.818	NUM
gujaf-82	136	6	at	at	ADP
gujaf-82	136	7	most	most	ADJ
gujaf-82	136	8	1	1	NUM
gujaf-82	136	9	0.418	0.418	NUM
gujaf-82	136	10	42.238	42.238	NUM
gujaf-82	136	11	47.856	47.856	NUM
gujaf-82	136	12	0.525	0.525	NUM
gujaf-82	136	13	51.635	51.635	NUM
gujaf-82	136	14	*	*	SYM
gujaf-82	136	15	47.856	47.856	NUM
gujaf-82	136	16	at	at	ADP
gujaf-82	136	17	most	most	ADJ
gujaf-82	136	18	2	2	NUM
gujaf-82	136	19	0.388	0.388	NUM
gujaf-82	136	20	24.901	24.901	NUM
gujaf-82	136	21	29.797	29.797	NUM
gujaf-82	136	22	0.417	0.417	NUM
gujaf-82	136	23	27.809	27.809	NUM
gujaf-82	136	24	29.797	29.797	NUM
gujaf-82	136	25	at	at	ADP
gujaf-82	136	26	most	most	ADJ
gujaf-82	136	27	3	3	NUM
gujaf-82	136	28	0.196	0.196	NUM
gujaf-82	136	29	9.187	9.187	NUM
gujaf-82	136	30	15.494	15.494	NUM
gujaf-82	136	31	0.209	0.209	NUM
gujaf-82	136	32	10.520	10.520	NUM
gujaf-82	136	33	15.494	15.494	NUM
gujaf-82	136	34	at	at	ADP
gujaf-82	136	35	most	most	ADJ
gujaf-82	136	36	4	4	NUM
gujaf-82	136	37	0.066	0.066	NUM
gujaf-82	136	38	2.189	2.189	NUM
gujaf-82	136	39	3.841	3.841	NUM
gujaf-82	136	40	0.089	0.089	NUM
gujaf-82	136	41	3.013	3.013	NUM
gujaf-82	136	42	3.841	3.841	NUM
gujaf-82	136	43	*	*	PUNCT
gujaf-82	136	44	denotes	denote	NOUN
gujaf-82	136	45	rejection	rejection	NOUN
gujaf-82	136	46	of	of	ADP
gujaf-82	136	47	the	the	DET
gujaf-82	136	48	hypothesis	hypothesis	NOUN
gujaf-82	136	49	of	of	ADP
gujaf-82	136	50	absence	absence	NOUN
gujaf-82	136	51	of	of	ADP
gujaf-82	136	52	cointegration	cointegration	NOUN
gujaf-82	136	53	among	among	ADP
gujaf-82	136	54	the	the	DET
gujaf-82	136	55	variables	variable	NOUN
gujaf-82	136	56	at	at	ADP
gujaf-82	136	57	the	the	DET
gujaf-82	136	58	0.05	0.05	NUM
gujaf-82	136	59	level	level	NOUN
gujaf-82	136	60	source	source	NOUN
gujaf-82	136	61	:	:	PUNCT
gujaf-82	136	62	eviews	eviews	PROPN
gujaf-82	136	63	output	output	NOUN
gujaf-82	136	64	,	,	PUNCT
gujaf-82	136	65	2021	2021	NUM
gujaf-82	136	66	examined	examine	VERB
gujaf-82	136	67	in	in	ADP
gujaf-82	136	68	this	this	DET
gujaf-82	136	69	sections	section	NOUN
gujaf-82	136	70	are	be	AUX
gujaf-82	136	71	the	the	DET
gujaf-82	136	72	2sls	2sls	NOUN
gujaf-82	136	73	regressions	regression	NOUN
gujaf-82	136	74	estimates	estimate	NOUN
gujaf-82	136	75	for	for	ADP
gujaf-82	136	76	the	the	DET
gujaf-82	136	77	two	two	NUM
gujaf-82	136	78	models	model	NOUN
gujaf-82	136	79	,	,	PUNCT
gujaf-82	136	80	viz	viz	ADJ
gujaf-82	136	81	,	,	PUNCT
gujaf-82	136	82	financial	financial	ADJ
gujaf-82	136	83	deepening	deepening	NOUN
gujaf-82	136	84	on	on	ADP
gujaf-82	136	85	stock	stock	NOUN
gujaf-82	136	86	market	market	NOUN
gujaf-82	136	87	returns	return	NOUN
gujaf-82	136	88	and	and	CCONJ
gujaf-82	136	89	financial	financial	ADJ
gujaf-82	136	90	deepening	deepening	NOUN
gujaf-82	136	91	on	on	ADP
gujaf-82	136	92	stock	stock	NOUN
gujaf-82	136	93	market	market	NOUN
gujaf-82	136	94	liquidity	liquidity	NOUN
gujaf-82	136	95	.	.	PUNCT
gujaf-82	137	1	the	the	DET
gujaf-82	137	2	2sls	2sls	NUM
gujaf-82	137	3	regression	regression	NOUN
gujaf-82	137	4	results	result	NOUN
gujaf-82	137	5	of	of	ADP
gujaf-82	137	6	the	the	DET
gujaf-82	137	7	financial	financial	ADJ
gujaf-82	137	8	deepening	deepening	NOUN
gujaf-82	137	9	-	-	PUNCT
gujaf-82	137	10	stock	stock	NOUN
gujaf-82	137	11	market	market	NOUN
gujaf-82	137	12	returns	return	NOUN
gujaf-82	137	13	nexus	nexus	NOUN
gujaf-82	137	14	shown	show	VERB
gujaf-82	137	15	in	in	ADP
gujaf-82	137	16	table	table	NOUN
gujaf-82	137	17	4	4	NUM
gujaf-82	137	18	indicate	indicate	VERB
gujaf-82	137	19	that	that	DET
gujaf-82	137	20	increase	increase	NOUN
gujaf-82	137	21	in	in	ADP
gujaf-82	137	22	credit	credit	NOUN
gujaf-82	137	23	to	to	ADP
gujaf-82	137	24	private	private	ADJ
gujaf-82	137	25	sector	sector	NOUN
gujaf-82	137	26	ratio	ratio	NOUN
gujaf-82	137	27	(	(	PUNCT
gujaf-82	137	28	cpsr	cpsr	NOUN
gujaf-82	137	29	)	)	PUNCT
gujaf-82	137	30	and	and	CCONJ
gujaf-82	137	31	monetisation	monetisation	NOUN
gujaf-82	137	32	ratio	ratio	NOUN
gujaf-82	137	33	(	(	PUNCT
gujaf-82	137	34	mntr	mntr	PROPN
gujaf-82	137	35	)	)	PUNCT
gujaf-82	137	36	have	have	VERB
gujaf-82	137	37	positive	positive	ADJ
gujaf-82	137	38	and	and	CCONJ
gujaf-82	137	39	non	non	ADJ
gujaf-82	137	40	-	-	ADJ
gujaf-82	137	41	significant	significant	ADJ
gujaf-82	137	42	effect	effect	NOUN
gujaf-82	137	43	on	on	ADP
gujaf-82	137	44	all	all	DET
gujaf-82	137	45	share	share	NOUN
gujaf-82	137	46	index	index	NOUN
gujaf-82	137	47	(	(	PUNCT
gujaf-82	137	48	asi	asi	NOUN
gujaf-82	137	49	)	)	PUNCT
gujaf-82	137	50	such	such	ADJ
gujaf-82	137	51	that	that	SCONJ
gujaf-82	137	52	a	a	DET
gujaf-82	137	53	1	1	NUM
gujaf-82	137	54	%	%	NOUN
gujaf-82	137	55	increase	increase	NOUN
gujaf-82	137	56	in	in	ADP
gujaf-82	137	57	the	the	DET
gujaf-82	137	58	two	two	NUM
gujaf-82	137	59	financial	financial	ADJ
gujaf-82	137	60	deepening	deepening	NOUN
gujaf-82	137	61	indicators	indicator	NOUN
gujaf-82	137	62	(	(	PUNCT
gujaf-82	137	63	cpsr	cpsr	NOUN
gujaf-82	137	64	and	and	CCONJ
gujaf-82	137	65	mntr	mntr	VERB
gujaf-82	137	66	)	)	PUNCT
gujaf-82	137	67	could	could	AUX
gujaf-82	137	68	respectively	respectively	ADV
gujaf-82	137	69	results	result	VERB
gujaf-82	137	70	in	in	ADP
gujaf-82	137	71	about	about	ADV
gujaf-82	137	72	644	644	NUM
gujaf-82	137	73	%	%	NOUN
gujaf-82	137	74	and	and	CCONJ
gujaf-82	137	75	816	816	NUM
gujaf-82	137	76	%	%	NOUN
gujaf-82	137	77	increase	increase	NOUN
gujaf-82	137	78	in	in	ADP
gujaf-82	137	79	stock	stock	NOUN
gujaf-82	137	80	market	market	NOUN
gujaf-82	137	81	return	return	NOUN
gujaf-82	137	82	,	,	PUNCT
gujaf-82	137	83	as	as	SCONJ
gujaf-82	137	84	represented	represent	VERB
gujaf-82	137	85	by	by	ADP
gujaf-82	137	86	asi	asi	NOUN
gujaf-82	137	87	.	.	PUNCT
gujaf-82	138	1	the	the	DET
gujaf-82	138	2	respective	respective	ADJ
gujaf-82	138	3	p	p	NOUN
gujaf-82	138	4	-	-	PUNCT
gujaf-82	138	5	value	value	NOUN
gujaf-82	138	6	of	of	ADP
gujaf-82	138	7	cpsr	cpsr	NOUN
gujaf-82	138	8	(	(	PUNCT
gujaf-82	138	9	0.910	0.910	NUM
gujaf-82	138	10	)	)	PUNCT
gujaf-82	138	11	and	and	CCONJ
gujaf-82	138	12	mntr	mntr	NOUN
gujaf-82	138	13	(	(	PUNCT
gujaf-82	138	14	0.924	0.924	NUM
gujaf-82	138	15	)	)	PUNCT
gujaf-82	138	16	suggests	suggest	VERB
gujaf-82	138	17	that	that	SCONJ
gujaf-82	138	18	the	the	DET
gujaf-82	138	19	two	two	NUM
gujaf-82	138	20	financial	financial	ADJ
gujaf-82	138	21	deepening	deepening	NOUN
gujaf-82	138	22	indicators	indicator	NOUN
gujaf-82	138	23	are	be	AUX
gujaf-82	138	24	not	not	PART
gujaf-82	138	25	significant	significant	ADJ
gujaf-82	138	26	determinants	determinant	NOUN
gujaf-82	138	27	of	of	ADP
gujaf-82	138	28	stock	stock	NOUN
gujaf-82	138	29	market	market	NOUN
gujaf-82	138	30	returns	return	NOUN
gujaf-82	138	31	in	in	ADP
gujaf-82	138	32	nigeria	nigeria	PROPN
gujaf-82	138	33	in	in	ADP
gujaf-82	138	34	the	the	DET
gujaf-82	138	35	period	period	NOUN
gujaf-82	138	36	of	of	ADP
gujaf-82	138	37	investigation	investigation	NOUN
gujaf-82	138	38	.	.	PUNCT
gujaf-82	139	1	furthermore	furthermore	ADV
gujaf-82	139	2	,	,	PUNCT
gujaf-82	139	3	the	the	DET
gujaf-82	139	4	financial	financial	ADJ
gujaf-82	139	5	deepening	deepening	NOUN
gujaf-82	139	6	indicator	indicator	NOUN
gujaf-82	139	7	,	,	PUNCT
gujaf-82	139	8	market	market	NOUN
gujaf-82	139	9	capitalization	capitalization	NOUN
gujaf-82	139	10	ratio	ratio	NOUN
gujaf-82	139	11	,	,	PUNCT
gujaf-82	139	12	(	(	PUNCT
gujaf-82	139	13	mcapr	mcapr	NOUN
gujaf-82	139	14	)	)	PUNCT
gujaf-82	139	15	exhibit	exhibit	VERB
gujaf-82	139	16	strong	strong	ADJ
gujaf-82	139	17	positive	positive	ADJ
gujaf-82	139	18	influence	influence	NOUN
gujaf-82	139	19	on	on	ADP
gujaf-82	139	20	stock	stock	NOUN
gujaf-82	139	21	market	market	NOUN
gujaf-82	139	22	returns	return	NOUN
gujaf-82	139	23	,	,	PUNCT
gujaf-82	139	24	such	such	ADJ
gujaf-82	139	25	that	that	SCONJ
gujaf-82	139	26	1	1	NUM
gujaf-82	139	27	%	%	NOUN
gujaf-82	139	28	increase	increase	NOUN
gujaf-82	139	29	in	in	ADP
gujaf-82	139	30	mcap	mcap	NOUN
gujaf-82	139	31	will	will	AUX
gujaf-82	139	32	lead	lead	VERB
gujaf-82	139	33	to	to	ADP
gujaf-82	139	34	16294	16294	NUM
gujaf-82	139	35	increase	increase	NOUN
gujaf-82	139	36	in	in	ADP
gujaf-82	139	37	stock	stock	NOUN
gujaf-82	139	38	market	market	NOUN
gujaf-82	139	39	returns	return	NOUN
gujaf-82	139	40	,	,	PUNCT
gujaf-82	139	41	as	as	SCONJ
gujaf-82	139	42	measured	measure	VERB
gujaf-82	139	43	by	by	ADP
gujaf-82	139	44	asi	asi	PROPN
gujaf-82	139	45	.	.	PUNCT
gujaf-82	140	1	this	this	PRON
gujaf-82	140	2	implies	imply	VERB
gujaf-82	140	3	that	that	SCONJ
gujaf-82	140	4	larger	large	ADJ
gujaf-82	140	5	stock	stock	NOUN
gujaf-82	140	6	market	market	NOUN
gujaf-82	140	7	capitalization	capitalization	NOUN
gujaf-82	140	8	,	,	PUNCT
gujaf-82	140	9	the	the	PRON
gujaf-82	140	10	higher	high	ADJ
gujaf-82	140	11	the	the	DET
gujaf-82	140	12	market	market	NOUN
gujaf-82	140	13	returns	return	NOUN
gujaf-82	140	14	.	.	PUNCT
gujaf-82	141	1	the	the	DET
gujaf-82	141	2	exchange	exchange	NOUN
gujaf-82	141	3	rate	rate	NOUN
gujaf-82	141	4	reported	report	VERB
gujaf-82	141	5	in	in	ADP
gujaf-82	141	6	table	table	NOUN
gujaf-82	141	7	4	4	NUM
gujaf-82	141	8	,	,	PUNCT
gujaf-82	141	9	with	with	ADP
gujaf-82	141	10	a	a	DET
gujaf-82	141	11	524.730	524.730	NUM
gujaf-82	141	12	and	and	CCONJ
gujaf-82	141	13	a	a	DET
gujaf-82	141	14	p	p	NOUN
gujaf-82	141	15	-	-	PUNCT
gujaf-82	141	16	value	value	NOUN
gujaf-82	141	17	of	of	ADP
gujaf-82	141	18	0.011	0.011	NUM
gujaf-82	141	19	suggests	suggest	VERB
gujaf-82	141	20	that	that	SCONJ
gujaf-82	141	21	exchange	exchange	NOUN
gujaf-82	141	22	rate	rate	NOUN
gujaf-82	141	23	has	have	VERB
gujaf-82	141	24	a	a	DET
gujaf-82	141	25	positive	positive	ADJ
gujaf-82	141	26	and	and	CCONJ
gujaf-82	141	27	significant	significant	ADJ
gujaf-82	141	28	impact	impact	NOUN
gujaf-82	141	29	on	on	ADP
gujaf-82	141	30	stock	stock	NOUN
gujaf-82	141	31	market	market	NOUN
gujaf-82	141	32	returns	return	NOUN
gujaf-82	141	33	,	,	PUNCT
gujaf-82	141	34	as	as	SCONJ
gujaf-82	141	35	represented	represent	VERB
gujaf-82	141	36	by	by	ADP
gujaf-82	141	37	asi	asi	NOUN
gujaf-82	141	38	.	.	PUNCT
gujaf-82	142	1	generally	generally	ADV
gujaf-82	142	2	,	,	PUNCT
gujaf-82	142	3	the	the	DET
gujaf-82	142	4	results	result	NOUN
gujaf-82	142	5	of	of	ADP
gujaf-82	142	6	the	the	DET
gujaf-82	142	7	model	model	NOUN
gujaf-82	142	8	2	2	NUM
gujaf-82	142	9	indicate	indicate	VERB
gujaf-82	142	10	that	that	SCONJ
gujaf-82	142	11	financial	financial	ADJ
gujaf-82	142	12	deepening	deepening	NOUN
gujaf-82	142	13	and	and	CCONJ
gujaf-82	142	14	exchange	exchange	NOUN
gujaf-82	142	15	rate	rate	NOUN
gujaf-82	142	16	have	have	VERB
gujaf-82	142	17	significant	significant	ADJ
gujaf-82	142	18	positive	positive	ADJ
gujaf-82	142	19	effect	effect	NOUN
gujaf-82	142	20	on	on	ADP
gujaf-82	142	21	the	the	DET
gujaf-82	142	22	nigerian	nigerian	ADJ
gujaf-82	142	23	stock	stock	NOUN
gujaf-82	142	24	market	market	NOUN
gujaf-82	142	25	returns	return	NOUN
gujaf-82	142	26	in	in	ADP
gujaf-82	142	27	the	the	DET
gujaf-82	142	28	period	period	NOUN
gujaf-82	142	29	of	of	ADP
gujaf-82	142	30	study	study	NOUN
gujaf-82	142	31	.	.	PUNCT
gujaf-82	143	1	furthermore	furthermore	ADV
gujaf-82	143	2	,	,	PUNCT
gujaf-82	143	3	the	the	DET
gujaf-82	143	4	statistical	statistical	ADJ
gujaf-82	143	5	properties	property	NOUN
gujaf-82	143	6	of	of	ADP
gujaf-82	143	7	model	model	NOUN
gujaf-82	143	8	1	1	NUM
gujaf-82	143	9	reported	report	VERB
gujaf-82	143	10	in	in	ADP
gujaf-82	143	11	table	table	NOUN
gujaf-82	143	12	4	4	NUM
gujaf-82	143	13	indicates	indicate	VERB
gujaf-82	143	14	that	that	DET
gujaf-82	143	15	model	model	NOUN
gujaf-82	143	16	is	be	AUX
gujaf-82	143	17	of	of	ADP
gujaf-82	143	18	good	good	ADJ
gujaf-82	143	19	fit	fit	NOUN
gujaf-82	143	20	,	,	PUNCT
gujaf-82	143	21	going	go	VERB
gujaf-82	143	22	by	by	ADP
gujaf-82	143	23	the	the	DET
gujaf-82	143	24	f	f	NOUN
gujaf-82	143	25	-	-	PUNCT
gujaf-82	143	26	stat	stat	NOUN
gujaf-82	143	27	(	(	PUNCT
gujaf-82	143	28	87.650	87.650	NUM
gujaf-82	143	29	)	)	PUNCT
gujaf-82	143	30	and	and	CCONJ
gujaf-82	143	31	the	the	DET
gujaf-82	143	32	j	j	NOUN
gujaf-82	143	33	-	-	PUNCT
gujaf-82	143	34	stat	stat	PROPN
gujaf-82	143	35	(	(	PUNCT
gujaf-82	143	36	29.000	29.000	NUM
gujaf-82	143	37	)	)	PUNCT
gujaf-82	143	38	,	,	PUNCT
gujaf-82	143	39	all	all	PRON
gujaf-82	143	40	significant	significant	ADJ
gujaf-82	143	41	at	at	ADP
gujaf-82	143	42	1	1	NUM
gujaf-82	143	43	%	%	NOUN
gujaf-82	143	44	.	.	PUNCT
gujaf-82	144	1	the	the	DET
gujaf-82	144	2	coefficient	coefficient	NOUN
gujaf-82	144	3	of	of	ADP
gujaf-82	144	4	determination	determination	NOUN
gujaf-82	144	5	(	(	PUNCT
gujaf-82	144	6	r	r	NOUN
gujaf-82	144	7	2	2	NUM
gujaf-82	144	8	)	)	PUNCT
gujaf-82	144	9	shows	show	VERB
gujaf-82	144	10	that	that	SCONJ
gujaf-82	144	11	the	the	DET
gujaf-82	144	12	explanatory	explanatory	ADJ
gujaf-82	144	13	variables	variable	NOUN
gujaf-82	144	14	jointly	jointly	ADV
gujaf-82	144	15	account	account	VERB
gujaf-82	144	16	for	for	ADP
gujaf-82	144	17	92	92	NUM
gujaf-82	144	18	%	%	NOUN
gujaf-82	144	19	variation	variation	NOUN
gujaf-82	144	20	in	in	ADP
gujaf-82	144	21	the	the	DET
gujaf-82	144	22	dependent	dependent	ADJ
gujaf-82	144	23	variable	variable	NOUN
gujaf-82	144	24	.	.	PUNCT
gujaf-82	145	1	gusau	gusau	ADJ
gujaf-82	145	2	journal	journal	PROPN
gujaf-82	145	3	of	of	ADP
gujaf-82	145	4	accounting	accounting	NOUN
gujaf-82	145	5	and	and	CCONJ
gujaf-82	145	6	finance	finance	NOUN
gujaf-82	145	7	,	,	PUNCT
gujaf-82	145	8	vol	vol	NOUN
gujaf-82	145	9	.	.	PROPN
gujaf-82	145	10	2	2	NUM
gujaf-82	145	11	,	,	PUNCT
gujaf-82	145	12	issue	issue	NOUN
gujaf-82	145	13	2	2	NUM
gujaf-82	145	14	,	,	PUNCT
gujaf-82	145	15	april	april	PROPN
gujaf-82	145	16	,	,	PUNCT
gujaf-82	145	17	2021	2021	NUM
gujaf-82	145	18	10	10	NUM
gujaf-82	145	19	table	table	NOUN
gujaf-82	145	20	4	4	NUM
gujaf-82	145	21	:	:	PUNCT
gujaf-82	145	22	2sls	2sls	NUM
gujaf-82	145	23	regression	regression	NOUN
gujaf-82	145	24	coefficients	coefficient	NOUN
gujaf-82	145	25	and	and	CCONJ
gujaf-82	145	26	post	post	ADJ
gujaf-82	145	27	-	-	ADJ
gujaf-82	145	28	estimation	estimation	ADJ
gujaf-82	145	29	diagnostic	diagnostic	ADJ
gujaf-82	145	30	tests	test	NOUN
gujaf-82	145	31	for	for	ADP
gujaf-82	145	32	model	model	NOUN
gujaf-82	145	33	1	1	NUM
gujaf-82	145	34	dependent	dependent	ADJ
gujaf-82	145	35	variable	variable	NOUN
gujaf-82	145	36	:	:	PUNCT
gujaf-82	145	37	asi	asi	PROPN
gujaf-82	145	38	(	(	PUNCT
gujaf-82	145	39	stock	stock	NOUN
gujaf-82	145	40	market	market	NOUN
gujaf-82	145	41	returns	return	NOUN
gujaf-82	145	42	)	)	PUNCT
gujaf-82	145	43	cpsr	cpsr	NOUN
gujaf-82	145	44	mntr	mntr	AUX
gujaf-82	145	45	mcapr	mcapr	VERB
gujaf-82	145	46	exchr	exchr	ADJ
gujaf-82	145	47	r	r	NOUN
gujaf-82	145	48	2	2	NUM
gujaf-82	145	49	adj	adj	NOUN
gujaf-82	145	50	.	.	PUNCT
gujaf-82	146	1	r	r	NOUN
gujaf-82	146	2	2	2	NUM
gujaf-82	146	3	f	f	NOUN
gujaf-82	146	4	-	-	PUNCT
gujaf-82	146	5	stat	stat	PROPN
gujaf-82	146	6	j	j	PROPN
gujaf-82	146	7	-	-	NOUN
gujaf-82	146	8	stat	stat	PROPN
gujaf-82	146	9	643.929	643.929	NUM
gujaf-82	146	10	816.256	816.256	NUM
gujaf-82	146	11	16293.51	16293.51	NUM
gujaf-82	146	12	*	*	X
gujaf-82	146	13	*	*	PUNCT
gujaf-82	146	14	*	*	PUNCT
gujaf-82	146	15	524.730	524.730	NUM
gujaf-82	146	16	*	*	SYM
gujaf-82	146	17	*	*	PUNCT
gujaf-82	146	18	0.923	0.923	NUM
gujaf-82	146	19	0.913	0.913	NUM
gujaf-82	146	20	87.650	87.650	NUM
gujaf-82	146	21	*	*	PUNCT
gujaf-82	146	22	*	*	PUNCT
gujaf-82	146	23	*	*	PUNCT
gujaf-82	147	1	29.000	29.000	NUM
gujaf-82	147	2	*	*	PUNCT
gujaf-82	147	3	*	*	PUNCT
gujaf-82	147	4	*	*	PUNCT
gujaf-82	148	1	[	[	X
gujaf-82	148	2	0.910	0.910	NUM
gujaf-82	148	3	]	]	PUNCT
gujaf-82	149	1	[	[	X
gujaf-82	149	2	0.924	0.924	NUM
gujaf-82	149	3	]	]	PUNCT
gujaf-82	150	1	[	[	X
gujaf-82	150	2	0.000	0.000	X
gujaf-82	150	3	]	]	X
gujaf-82	151	1	[	[	X
gujaf-82	151	2	0.011	0.011	NUM
gujaf-82	151	3	]	]	X
gujaf-82	152	1	[	[	X
gujaf-82	152	2	0.000	0.000	X
gujaf-82	152	3	]	]	X
gujaf-82	153	1	[	[	X
gujaf-82	153	2	0.000	0.000	X
gujaf-82	153	3	]	]	X
gujaf-82	153	4	heteroscedasticity	heteroscedasticity	NOUN
gujaf-82	153	5	test	test	NOUN
gujaf-82	153	6	:	:	PUNCT
gujaf-82	153	7	arch	arch	ADJ
gujaf-82	153	8	:	:	PUNCT
gujaf-82	153	9	0.178[0.675	0.178[0.675	X
gujaf-82	153	10	]	]	X
gujaf-82	153	11	breusch	breusch	PROPN
gujaf-82	153	12	-	-	PUNCT
gujaf-82	153	13	godfrey	godfrey	NOUN
gujaf-82	153	14	serial	serial	ADJ
gujaf-82	153	15	correlation	correlation	NOUN
gujaf-82	153	16	lm	lm	ADP
gujaf-82	153	17	:	:	PUNCT
gujaf-82	153	18	2.138[0.343	2.138[0.343	NUM
gujaf-82	153	19	]	]	X
gujaf-82	153	20	ramsey	ramsey	PROPN
gujaf-82	153	21	reset	reset	NOUN
gujaf-82	153	22	:	:	PUNCT
gujaf-82	153	23	4.773[0.0374	4.773[0.0374	NUM
gujaf-82	153	24	]	]	X
gujaf-82	153	25	source	source	NOUN
gujaf-82	153	26	:	:	PUNCT
gujaf-82	153	27	eviews	eviews	PROPN
gujaf-82	153	28	output	output	NOUN
gujaf-82	153	29	,	,	PUNCT
gujaf-82	153	30	2021	2021	NUM
gujaf-82	153	31	note	note	NOUN
gujaf-82	153	32	:	:	PUNCT
gujaf-82	153	33	values	value	NOUN
gujaf-82	153	34	in	in	ADP
gujaf-82	153	35	parentheses	parenthesis	NOUN
gujaf-82	153	36	are	be	AUX
gujaf-82	153	37	the	the	DET
gujaf-82	153	38	probability	probability	NOUN
gujaf-82	153	39	values	value	NOUN
gujaf-82	153	40	;	;	PUNCT
gujaf-82	153	41	*	*	PUNCT
gujaf-82	153	42	*	*	PUNCT
gujaf-82	153	43	*	*	PUNCT
gujaf-82	153	44	,	,	PUNCT
gujaf-82	153	45	*	*	PUNCT
gujaf-82	153	46	*	*	PUNCT
gujaf-82	153	47	and	and	CCONJ
gujaf-82	153	48	*	*	PUNCT
gujaf-82	153	49	denote	denote	VERB
gujaf-82	153	50	statistically	statistically	ADV
gujaf-82	153	51	significant	significant	ADJ
gujaf-82	153	52	at	at	ADP
gujaf-82	153	53	1	1	NUM
gujaf-82	153	54	%	%	NOUN
gujaf-82	153	55	,	,	PUNCT
gujaf-82	153	56	5	5	NUM
gujaf-82	153	57	%	%	NOUN
gujaf-82	153	58	and	and	CCONJ
gujaf-82	153	59	10	10	NUM
gujaf-82	153	60	%	%	NOUN
gujaf-82	153	61	levels	level	NOUN
gujaf-82	153	62	respectively	respectively	ADV
gujaf-82	153	63	.	.	PUNCT
gujaf-82	154	1	furthermore	furthermore	ADV
gujaf-82	154	2	,	,	PUNCT
gujaf-82	154	3	also	also	ADV
gujaf-82	154	4	contained	contain	VERB
gujaf-82	154	5	in	in	ADP
gujaf-82	154	6	table	table	NOUN
gujaf-82	154	7	4	4	NUM
gujaf-82	154	8	are	be	AUX
gujaf-82	154	9	the	the	DET
gujaf-82	154	10	results	result	NOUN
gujaf-82	154	11	of	of	ADP
gujaf-82	154	12	the	the	DET
gujaf-82	154	13	post	post	ADJ
gujaf-82	154	14	-	-	ADJ
gujaf-82	154	15	estimation	estimation	ADJ
gujaf-82	154	16	diagnostic	diagnostic	ADJ
gujaf-82	154	17	tests	test	NOUN
gujaf-82	154	18	for	for	ADP
gujaf-82	154	19	model	model	NOUN
gujaf-82	154	20	1	1	NUM
gujaf-82	154	21	.	.	PUNCT
gujaf-82	154	22	based	base	VERB
gujaf-82	154	23	on	on	ADP
gujaf-82	154	24	the	the	DET
gujaf-82	154	25	large	large	ADJ
gujaf-82	154	26	p	p	NOUN
gujaf-82	154	27	-	-	PUNCT
gujaf-82	154	28	value	value	NOUN
gujaf-82	154	29	of	of	ADP
gujaf-82	154	30	each	each	PRON
gujaf-82	154	31	of	of	ADP
gujaf-82	154	32	the	the	DET
gujaf-82	154	33	test	test	NOUN
gujaf-82	154	34	statistics	statistic	NOUN
gujaf-82	154	35	,	,	PUNCT
gujaf-82	154	36	the	the	DET
gujaf-82	154	37	study	study	NOUN
gujaf-82	154	38	fails	fail	VERB
gujaf-82	154	39	to	to	PART
gujaf-82	154	40	reject	reject	VERB
gujaf-82	154	41	the	the	DET
gujaf-82	154	42	null	null	ADJ
gujaf-82	154	43	hypothesis	hypothesis	NOUN
gujaf-82	154	44	of	of	ADP
gujaf-82	154	45	homoscedasticity	homoscedasticity	NOUN
gujaf-82	154	46	,	,	PUNCT
gujaf-82	154	47	zero	zero	NUM
gujaf-82	154	48	serial	serial	ADJ
gujaf-82	154	49	correlation	correlation	NOUN
gujaf-82	154	50	and	and	CCONJ
gujaf-82	154	51	parameter	parameter	NOUN
gujaf-82	154	52	stability	stability	NOUN
gujaf-82	154	53	of	of	ADP
gujaf-82	154	54	the	the	DET
gujaf-82	154	55	model	model	NOUN
gujaf-82	154	56	respectively	respectively	ADV
gujaf-82	154	57	.	.	PUNCT
gujaf-82	155	1	these	these	PRON
gujaf-82	155	2	suggest	suggest	VERB
gujaf-82	155	3	that	that	SCONJ
gujaf-82	155	4	the	the	DET
gujaf-82	155	5	estimates	estimate	NOUN
gujaf-82	155	6	of	of	ADP
gujaf-82	155	7	the	the	DET
gujaf-82	155	8	model	model	NOUN
gujaf-82	155	9	are	be	AUX
gujaf-82	155	10	reliable	reliable	ADJ
gujaf-82	155	11	,	,	PUNCT
gujaf-82	155	12	consistent	consistent	ADJ
gujaf-82	155	13	and	and	CCONJ
gujaf-82	155	14	considered	consider	VERB
gujaf-82	155	15	suitable	suitable	ADJ
gujaf-82	155	16	for	for	ADP
gujaf-82	155	17	policy	policy	NOUN
gujaf-82	155	18	purposes	purpose	NOUN
gujaf-82	155	19	and	and	CCONJ
gujaf-82	155	20	forecasting	forecasting	NOUN
gujaf-82	155	21	.	.	PUNCT
gujaf-82	156	1	the	the	DET
gujaf-82	156	2	2sls	2sls	NUM
gujaf-82	156	3	regression	regression	NOUN
gujaf-82	156	4	results	result	NOUN
gujaf-82	156	5	of	of	ADP
gujaf-82	156	6	financial	financial	ADJ
gujaf-82	156	7	deepening	deepen	VERB
gujaf-82	156	8	ant	ant	NOUN
gujaf-82	156	9	its	its	PRON
gujaf-82	156	10	impact	impact	NOUN
gujaf-82	156	11	on	on	ADP
gujaf-82	156	12	stock	stock	NOUN
gujaf-82	156	13	market	market	NOUN
gujaf-82	156	14	liquidity	liquidity	NOUN
gujaf-82	156	15	reported	report	VERB
gujaf-82	156	16	in	in	ADP
gujaf-82	156	17	table	table	NOUN
gujaf-82	156	18	5	5	NUM
gujaf-82	156	19	indicate	indicate	VERB
gujaf-82	156	20	that	that	DET
gujaf-82	156	21	increase	increase	NOUN
gujaf-82	156	22	in	in	ADP
gujaf-82	156	23	credit	credit	NOUN
gujaf-82	156	24	to	to	ADP
gujaf-82	156	25	private	private	ADJ
gujaf-82	156	26	sector	sector	NOUN
gujaf-82	156	27	ratio	ratio	NOUN
gujaf-82	156	28	(	(	PUNCT
gujaf-82	156	29	cpsr	cpsr	NOUN
gujaf-82	156	30	)	)	PUNCT
gujaf-82	156	31	exhibits	exhibit	VERB
gujaf-82	156	32	negative	negative	ADJ
gujaf-82	156	33	and	and	CCONJ
gujaf-82	156	34	non	non	ADJ
gujaf-82	156	35	-	-	ADJ
gujaf-82	156	36	significant	significant	ADJ
gujaf-82	156	37	(	(	PUNCT
gujaf-82	156	38	p	p	NOUN
gujaf-82	156	39	-	-	PUNCT
gujaf-82	156	40	value	value	NOUN
gujaf-82	156	41	of	of	ADP
gujaf-82	156	42	0.1748	0.1748	NUM
gujaf-82	156	43	)	)	PUNCT
gujaf-82	156	44	relationship	relationship	NOUN
gujaf-82	156	45	with	with	ADP
gujaf-82	156	46	total	total	ADJ
gujaf-82	156	47	values	value	NOUN
gujaf-82	156	48	of	of	ADP
gujaf-82	156	49	shares	share	NOUN
gujaf-82	156	50	traded	trade	VERB
gujaf-82	156	51	ratio	ratio	NOUN
gujaf-82	156	52	(	(	PUNCT
gujaf-82	156	53	tvstr	tvstr	NOUN
gujaf-82	156	54	)	)	PUNCT
gujaf-82	156	55	to	to	ADP
gujaf-82	156	56	the	the	DET
gujaf-82	156	57	extent	extent	NOUN
gujaf-82	156	58	that	that	SCONJ
gujaf-82	156	59	a	a	DET
gujaf-82	156	60	1	1	NUM
gujaf-82	156	61	%	%	NOUN
gujaf-82	156	62	increase	increase	NOUN
gujaf-82	156	63	in	in	ADP
gujaf-82	156	64	the	the	DET
gujaf-82	156	65	financial	financial	ADJ
gujaf-82	156	66	deepening	deepening	NOUN
gujaf-82	156	67	indicator	indicator	NOUN
gujaf-82	156	68	(	(	PUNCT
gujaf-82	156	69	cpsr	cpsr	NOUN
gujaf-82	156	70	)	)	PUNCT
gujaf-82	156	71	could	could	AUX
gujaf-82	156	72	lead	lead	VERB
gujaf-82	156	73	to	to	ADP
gujaf-82	156	74	64	64	NUM
gujaf-82	156	75	%	%	NOUN
gujaf-82	156	76	reduction	reduction	NOUN
gujaf-82	156	77	in	in	ADP
gujaf-82	156	78	stock	stock	NOUN
gujaf-82	156	79	market	market	NOUN
gujaf-82	156	80	liquidity	liquidity	NOUN
gujaf-82	156	81	,	,	PUNCT
gujaf-82	156	82	as	as	SCONJ
gujaf-82	156	83	represented	represent	VERB
gujaf-82	156	84	by	by	ADP
gujaf-82	156	85	tvstr	tvstr	NOUN
gujaf-82	156	86	.	.	PUNCT
gujaf-82	157	1	this	this	DET
gujaf-82	157	2	inverse	inverse	NOUN
gujaf-82	157	3	relationship	relationship	NOUN
gujaf-82	157	4	suggests	suggest	VERB
gujaf-82	157	5	that	that	SCONJ
gujaf-82	157	6	changes	change	NOUN
gujaf-82	157	7	in	in	ADP
gujaf-82	157	8	cpsr	cpsr	NOUN
gujaf-82	157	9	does	do	AUX
gujaf-82	157	10	not	not	PART
gujaf-82	157	11	exert	exert	VERB
gujaf-82	157	12	significance	significance	NOUN
gujaf-82	157	13	influence	influence	NOUN
gujaf-82	157	14	on	on	ADP
gujaf-82	157	15	the	the	DET
gujaf-82	157	16	stock	stock	NOUN
gujaf-82	157	17	market	market	NOUN
gujaf-82	157	18	liquidity	liquidity	NOUN
gujaf-82	157	19	in	in	ADP
gujaf-82	157	20	the	the	DET
gujaf-82	157	21	period	period	NOUN
gujaf-82	157	22	of	of	ADP
gujaf-82	157	23	investigation	investigation	NOUN
gujaf-82	157	24	.	.	PUNCT
gujaf-82	158	1	moreover	moreover	ADV
gujaf-82	158	2	,	,	PUNCT
gujaf-82	158	3	the	the	DET
gujaf-82	158	4	monetisation	monetisation	NOUN
gujaf-82	158	5	ratio	ratio	NOUN
gujaf-82	158	6	(	(	PUNCT
gujaf-82	158	7	mntr	mntr	PROPN
gujaf-82	158	8	)	)	PUNCT
gujaf-82	158	9	also	also	ADV
gujaf-82	158	10	displays	display	VERB
gujaf-82	158	11	a	a	DET
gujaf-82	158	12	negative	negative	ADJ
gujaf-82	158	13	and	and	CCONJ
gujaf-82	158	14	statistically	statistically	ADV
gujaf-82	158	15	significant	significant	ADJ
gujaf-82	158	16	(	(	PUNCT
gujaf-82	158	17	0.0640	0.0640	NUM
gujaf-82	158	18	)	)	PUNCT
gujaf-82	158	19	relationship	relationship	NOUN
gujaf-82	158	20	with	with	ADP
gujaf-82	158	21	stock	stock	NOUN
gujaf-82	158	22	market	market	NOUN
gujaf-82	158	23	liquidity	liquidity	NOUN
gujaf-82	158	24	to	to	ADP
gujaf-82	158	25	the	the	DET
gujaf-82	158	26	extent	extent	NOUN
gujaf-82	158	27	that	that	SCONJ
gujaf-82	158	28	1	1	NUM
gujaf-82	158	29	%	%	NOUN
gujaf-82	158	30	increase	increase	NOUN
gujaf-82	158	31	in	in	ADP
gujaf-82	158	32	the	the	DET
gujaf-82	158	33	financial	financial	ADJ
gujaf-82	158	34	deepening	deepening	NOUN
gujaf-82	158	35	indicator	indicator	NOUN
gujaf-82	158	36	(	(	PUNCT
gujaf-82	158	37	mntr	mntr	PROPN
gujaf-82	158	38	)	)	PUNCT
gujaf-82	158	39	could	could	AUX
gujaf-82	158	40	bring	bring	VERB
gujaf-82	158	41	about	about	ADV
gujaf-82	158	42	141	141	NUM
gujaf-82	158	43	%	%	NOUN
gujaf-82	158	44	improvement	improvement	NOUN
gujaf-82	158	45	in	in	ADP
gujaf-82	158	46	the	the	DET
gujaf-82	158	47	stock	stock	NOUN
gujaf-82	158	48	market	market	NOUN
gujaf-82	158	49	liquidity	liquidity	NOUN
gujaf-82	158	50	this	this	PRON
gujaf-82	158	51	implies	imply	VERB
gujaf-82	158	52	that	that	SCONJ
gujaf-82	158	53	a	a	DET
gujaf-82	158	54	rise	rise	NOUN
gujaf-82	158	55	in	in	ADP
gujaf-82	158	56	the	the	DET
gujaf-82	158	57	monetisation	monetisation	NOUN
gujaf-82	158	58	ratio	ratio	NOUN
gujaf-82	158	59	(	(	PUNCT
gujaf-82	158	60	money	money	NOUN
gujaf-82	158	61	supply	supply	NOUN
gujaf-82	158	62	)	)	PUNCT
gujaf-82	158	63	will	will	AUX
gujaf-82	158	64	increase	increase	VERB
gujaf-82	158	65	the	the	DET
gujaf-82	158	66	amount	amount	NOUN
gujaf-82	158	67	of	of	ADP
gujaf-82	158	68	liquidity	liquidity	NOUN
gujaf-82	158	69	in	in	ADP
gujaf-82	158	70	the	the	DET
gujaf-82	158	71	nse	nse	NOUN
gujaf-82	158	72	.	.	PUNCT
gujaf-82	159	1	unlike	unlike	ADP
gujaf-82	159	2	credit	credit	NOUN
gujaf-82	159	3	to	to	ADP
gujaf-82	159	4	private	private	ADJ
gujaf-82	159	5	sector	sector	NOUN
gujaf-82	159	6	,	,	PUNCT
gujaf-82	159	7	this	this	DET
gujaf-82	159	8	financial	financial	ADJ
gujaf-82	159	9	deepening	deepening	NOUN
gujaf-82	159	10	indicator	indicator	NOUN
gujaf-82	159	11	is	be	AUX
gujaf-82	159	12	a	a	DET
gujaf-82	159	13	determinant	determinant	NOUN
gujaf-82	159	14	of	of	ADP
gujaf-82	159	15	stock	stock	NOUN
gujaf-82	159	16	market	market	NOUN
gujaf-82	159	17	liquidity	liquidity	NOUN
gujaf-82	159	18	in	in	ADP
gujaf-82	159	19	nigeria	nigeria	PROPN
gujaf-82	159	20	.	.	PUNCT
gujaf-82	160	1	furthermore	furthermore	ADV
gujaf-82	160	2	,	,	PUNCT
gujaf-82	160	3	from	from	ADP
gujaf-82	160	4	the	the	DET
gujaf-82	160	5	2sls	2sls	NOUN
gujaf-82	160	6	,	,	PUNCT
gujaf-82	160	7	financial	financial	ADJ
gujaf-82	160	8	deepening	deepening	NOUN
gujaf-82	160	9	indicator	indicator	NOUN
gujaf-82	160	10	-	-	PUNCT
gujaf-82	160	11	market	market	NOUN
gujaf-82	160	12	capitalization	capitalization	NOUN
gujaf-82	160	13	ratio	ratio	NOUN
gujaf-82	160	14	,	,	PUNCT
gujaf-82	160	15	(	(	PUNCT
gujaf-82	160	16	mcapr	mcapr	PROPN
gujaf-82	160	17	)	)	PUNCT
gujaf-82	160	18	exhibits	exhibit	VERB
gujaf-82	160	19	strong	strong	ADJ
gujaf-82	160	20	positive	positive	ADJ
gujaf-82	160	21	influence	influence	NOUN
gujaf-82	160	22	on	on	ADP
gujaf-82	160	23	stock	stock	NOUN
gujaf-82	160	24	market	market	NOUN
gujaf-82	160	25	liquidity	liquidity	NOUN
gujaf-82	160	26	such	such	ADJ
gujaf-82	160	27	that	that	SCONJ
gujaf-82	160	28	a	a	DET
gujaf-82	160	29	1	1	NUM
gujaf-82	160	30	%	%	NOUN
gujaf-82	160	31	increase	increase	NOUN
gujaf-82	160	32	in	in	ADP
gujaf-82	160	33	mcapr	mcapr	NOUN
gujaf-82	160	34	may	may	AUX
gujaf-82	160	35	lead	lead	VERB
gujaf-82	160	36	to	to	ADP
gujaf-82	160	37	about	about	ADP
gujaf-82	160	38	112	112	NUM
gujaf-82	160	39	%	%	NOUN
gujaf-82	160	40	increase	increase	NOUN
gujaf-82	160	41	in	in	ADP
gujaf-82	160	42	stock	stock	NOUN
gujaf-82	160	43	market	market	NOUN
gujaf-82	160	44	liquidity	liquidity	NOUN
gujaf-82	160	45	in	in	ADP
gujaf-82	160	46	the	the	DET
gujaf-82	160	47	economy	economy	NOUN
gujaf-82	160	48	.	.	PUNCT
gujaf-82	161	1	this	this	PRON
gujaf-82	161	2	suggest	suggest	VERB
gujaf-82	161	3	that	that	SCONJ
gujaf-82	161	4	larger	large	ADJ
gujaf-82	161	5	the	the	DET
gujaf-82	161	6	side	side	NOUN
gujaf-82	161	7	of	of	ADP
gujaf-82	161	8	the	the	DET
gujaf-82	161	9	market	market	NOUN
gujaf-82	161	10	,	,	PUNCT
gujaf-82	161	11	the	the	DET
gujaf-82	161	12	more	more	ADJ
gujaf-82	161	13	liquidity	liquidity	NOUN
gujaf-82	161	14	it	it	PRON
gujaf-82	161	15	possesses	possess	VERB
gujaf-82	161	16	.	.	PUNCT
gujaf-82	162	1	in	in	ADP
gujaf-82	162	2	the	the	DET
gujaf-82	162	3	same	same	ADJ
gujaf-82	162	4	vein	vein	NOUN
gujaf-82	162	5	,	,	PUNCT
gujaf-82	162	6	table	table	NOUN
gujaf-82	162	7	5	5	NUM
gujaf-82	162	8	also	also	ADV
gujaf-82	162	9	shows	show	VERB
gujaf-82	162	10	that	that	SCONJ
gujaf-82	162	11	exchange	exchange	NOUN
gujaf-82	162	12	rate	rate	NOUN
gujaf-82	162	13	is	be	AUX
gujaf-82	162	14	negatively	negatively	ADV
gujaf-82	162	15	signed	sign	VERB
gujaf-82	162	16	with	with	ADP
gujaf-82	162	17	stock	stock	NOUN
gujaf-82	162	18	market	market	NOUN
gujaf-82	162	19	liquidity	liquidity	NOUN
gujaf-82	162	20	.	.	PUNCT
gujaf-82	163	1	the	the	DET
gujaf-82	163	2	coefficient	coefficient	NOUN
gujaf-82	163	3	of	of	ADP
gujaf-82	163	4	3.983	3.983	NUM
gujaf-82	163	5	and	and	CCONJ
gujaf-82	163	6	p	p	NOUN
gujaf-82	163	7	-	-	PUNCT
gujaf-82	163	8	value	value	NOUN
gujaf-82	163	9	(	(	PUNCT
gujaf-82	163	10	0.022	0.022	NUM
gujaf-82	163	11	)	)	PUNCT
gujaf-82	163	12	suggests	suggest	VERB
gujaf-82	163	13	the	the	DET
gujaf-82	163	14	higher	high	ADJ
gujaf-82	163	15	the	the	DET
gujaf-82	163	16	depreciation	depreciation	NOUN
gujaf-82	163	17	rate	rate	NOUN
gujaf-82	163	18	of	of	ADP
gujaf-82	163	19	the	the	DET
gujaf-82	163	20	nigerian	nigerian	ADJ
gujaf-82	163	21	currency	currency	NOUN
gujaf-82	163	22	,	,	PUNCT
gujaf-82	163	23	the	the	PRON
gujaf-82	163	24	lower	low	ADJ
gujaf-82	163	25	the	the	DET
gujaf-82	163	26	liquidity	liquidity	NOUN
gujaf-82	163	27	available	available	ADJ
gujaf-82	163	28	in	in	ADP
gujaf-82	163	29	the	the	DET
gujaf-82	163	30	nigerian	nigerian	ADJ
gujaf-82	163	31	stock	stock	NOUN
gujaf-82	163	32	exchange	exchange	PROPN
gujaf-82	163	33	.	.	PUNCT
gujaf-82	164	1	this	this	PRON
gujaf-82	164	2	suggests	suggest	VERB
gujaf-82	164	3	the	the	DET
gujaf-82	164	4	negative	negative	ADJ
gujaf-82	164	5	role	role	NOUN
gujaf-82	164	6	of	of	ADP
gujaf-82	164	7	macroeconomic	macroeconomic	ADJ
gujaf-82	164	8	instability	instability	NOUN
gujaf-82	164	9	(	(	PUNCT
gujaf-82	164	10	in	in	ADP
gujaf-82	164	11	terms	term	NOUN
gujaf-82	164	12	of	of	ADP
gujaf-82	164	13	exchange	exchange	NOUN
gujaf-82	164	14	rate	rate	NOUN
gujaf-82	164	15	depreciation	depreciation	NOUN
gujaf-82	164	16	)	)	PUNCT
gujaf-82	164	17	on	on	ADP
gujaf-82	164	18	economic	economic	ADJ
gujaf-82	164	19	indicator	indicator	NOUN
gujaf-82	164	20	such	such	ADJ
gujaf-82	164	21	as	as	ADP
gujaf-82	164	22	the	the	DET
gujaf-82	164	23	stock	stock	NOUN
gujaf-82	164	24	market	market	NOUN
gujaf-82	164	25	liquidity	liquidity	NOUN
gujaf-82	164	26	.	.	PUNCT
gujaf-82	165	1	gusau	gusau	PROPN
gujaf-82	165	2	journal	journal	PROPN
gujaf-82	165	3	of	of	ADP
gujaf-82	165	4	accounting	accounting	NOUN
gujaf-82	165	5	and	and	CCONJ
gujaf-82	165	6	finance	finance	NOUN
gujaf-82	165	7	,	,	PUNCT
gujaf-82	165	8	vol	vol	NOUN
gujaf-82	165	9	.	.	PROPN
gujaf-82	165	10	2	2	NUM
gujaf-82	165	11	,	,	PUNCT
gujaf-82	165	12	issue	issue	NOUN
gujaf-82	165	13	2	2	NUM
gujaf-82	165	14	,	,	PUNCT
gujaf-82	165	15	april	april	PROPN
gujaf-82	165	16	,	,	PUNCT
gujaf-82	165	17	2021	2021	NUM
gujaf-82	165	18	11	11	NUM
gujaf-82	165	19	generally	generally	ADV
gujaf-82	165	20	,	,	PUNCT
gujaf-82	165	21	this	this	DET
gujaf-82	165	22	study	study	NOUN
gujaf-82	165	23	finds	find	VERB
gujaf-82	165	24	that	that	SCONJ
gujaf-82	165	25	financial	financial	ADJ
gujaf-82	165	26	deepening	deepening	NOUN
gujaf-82	165	27	and	and	CCONJ
gujaf-82	165	28	exchange	exchange	NOUN
gujaf-82	165	29	rate	rate	NOUN
gujaf-82	165	30	have	have	VERB
gujaf-82	165	31	significant	significant	ADJ
gujaf-82	165	32	positive	positive	ADJ
gujaf-82	165	33	and	and	CCONJ
gujaf-82	165	34	negative	negative	ADJ
gujaf-82	165	35	influence	influence	NOUN
gujaf-82	165	36	respectively	respectively	ADV
gujaf-82	165	37	on	on	ADP
gujaf-82	165	38	the	the	DET
gujaf-82	165	39	nigerian	nigerian	ADJ
gujaf-82	165	40	stock	stock	NOUN
gujaf-82	165	41	market	market	NOUN
gujaf-82	165	42	liquidity	liquidity	NOUN
gujaf-82	165	43	position	position	NOUN
gujaf-82	165	44	in	in	ADP
gujaf-82	165	45	the	the	DET
gujaf-82	165	46	period	period	NOUN
gujaf-82	165	47	under	under	ADP
gujaf-82	165	48	review	review	NOUN
gujaf-82	165	49	.	.	PUNCT
gujaf-82	166	1	the	the	DET
gujaf-82	166	2	statistical	statistical	ADJ
gujaf-82	166	3	properties	property	NOUN
gujaf-82	166	4	and	and	CCONJ
gujaf-82	166	5	diagnostic	diagnostic	ADJ
gujaf-82	166	6	tests	test	NOUN
gujaf-82	166	7	of	of	ADP
gujaf-82	166	8	model	model	NOUN
gujaf-82	166	9	2	2	NUM
gujaf-82	166	10	(	(	PUNCT
gujaf-82	166	11	reported	report	VERB
gujaf-82	166	12	in	in	ADP
gujaf-82	166	13	table	table	NOUN
gujaf-82	166	14	5	5	NUM
gujaf-82	166	15	)	)	PUNCT
gujaf-82	166	16	indicates	indicate	VERB
gujaf-82	166	17	that	that	SCONJ
gujaf-82	166	18	the	the	DET
gujaf-82	166	19	regression	regression	NOUN
gujaf-82	166	20	model	model	NOUN
gujaf-82	166	21	is	be	AUX
gujaf-82	166	22	of	of	ADP
gujaf-82	166	23	good	good	ADJ
gujaf-82	166	24	fit	fit	NOUN
gujaf-82	166	25	,	,	PUNCT
gujaf-82	166	26	going	go	VERB
gujaf-82	166	27	by	by	ADP
gujaf-82	166	28	the	the	DET
gujaf-82	166	29	f	f	NOUN
gujaf-82	166	30	-	-	PUNCT
gujaf-82	166	31	stat	stat	NOUN
gujaf-82	166	32	(	(	PUNCT
gujaf-82	166	33	30.186	30.186	NUM
gujaf-82	166	34	)	)	PUNCT
gujaf-82	166	35	and	and	CCONJ
gujaf-82	166	36	the	the	DET
gujaf-82	166	37	j	j	NOUN
gujaf-82	166	38	-	-	PUNCT
gujaf-82	166	39	stat	stat	PROPN
gujaf-82	166	40	(	(	PUNCT
gujaf-82	166	41	29.000	29.000	NUM
gujaf-82	166	42	)	)	PUNCT
gujaf-82	166	43	,	,	PUNCT
gujaf-82	166	44	all	all	PRON
gujaf-82	166	45	significant	significant	ADJ
gujaf-82	166	46	at	at	ADP
gujaf-82	166	47	1	1	NUM
gujaf-82	166	48	%	%	NOUN
gujaf-82	166	49	.	.	PUNCT
gujaf-82	167	1	the	the	DET
gujaf-82	167	2	coefficient	coefficient	NOUN
gujaf-82	167	3	of	of	ADP
gujaf-82	167	4	determination	determination	NOUN
gujaf-82	167	5	(	(	PUNCT
gujaf-82	167	6	r	r	NOUN
gujaf-82	167	7	2	2	NUM
gujaf-82	167	8	)	)	PUNCT
gujaf-82	167	9	shows	show	VERB
gujaf-82	167	10	that	that	SCONJ
gujaf-82	167	11	the	the	DET
gujaf-82	167	12	explanatory	explanatory	ADJ
gujaf-82	167	13	variables	variable	NOUN
gujaf-82	167	14	jointly	jointly	ADV
gujaf-82	167	15	account	account	VERB
gujaf-82	167	16	for	for	ADP
gujaf-82	167	17	about	about	ADV
gujaf-82	167	18	81	81	NUM
gujaf-82	167	19	%	%	NOUN
gujaf-82	167	20	variation	variation	NOUN
gujaf-82	167	21	in	in	ADP
gujaf-82	167	22	the	the	DET
gujaf-82	167	23	dependent	dependent	ADJ
gujaf-82	167	24	variable	variable	NOUN
gujaf-82	167	25	.	.	PUNCT
gujaf-82	168	1	table	table	NOUN
gujaf-82	168	2	5	5	NUM
gujaf-82	168	3	:	:	PUNCT
gujaf-82	168	4	2sls	2sls	NUM
gujaf-82	168	5	regression	regression	NOUN
gujaf-82	168	6	coefficients	coefficient	NOUN
gujaf-82	168	7	and	and	CCONJ
gujaf-82	168	8	post	post	ADJ
gujaf-82	168	9	-	-	ADJ
gujaf-82	168	10	estimation	estimation	ADJ
gujaf-82	168	11	diagnostic	diagnostic	ADJ
gujaf-82	168	12	tests	test	NOUN
gujaf-82	168	13	for	for	ADP
gujaf-82	168	14	model	model	NOUN
gujaf-82	168	15	2	2	NUM
gujaf-82	168	16	dependent	dependent	ADJ
gujaf-82	168	17	variable	variable	NOUN
gujaf-82	168	18	:	:	PUNCT
gujaf-82	168	19	tvstr	tvstr	NOUN
gujaf-82	168	20	(	(	PUNCT
gujaf-82	168	21	stock	stock	NOUN
gujaf-82	168	22	market	market	NOUN
gujaf-82	168	23	liquidity	liquidity	NOUN
gujaf-82	168	24	)	)	PUNCT
gujaf-82	168	25	cpsr	cpsr	NOUN
gujaf-82	168	26	mntr	mntr	AUX
gujaf-82	168	27	mcapr	mcapr	VERB
gujaf-82	168	28	exchr	exchr	ADJ
gujaf-82	168	29	r	r	NOUN
gujaf-82	168	30	2	2	NUM
gujaf-82	168	31	adj	adj	NOUN
gujaf-82	168	32	.	.	PUNCT
gujaf-82	169	1	r	r	NOUN
gujaf-82	169	2	2	2	NUM
gujaf-82	169	3	f	f	NOUN
gujaf-82	169	4	-	-	PUNCT
gujaf-82	169	5	stat	stat	PROPN
gujaf-82	169	6	j	j	PROPN
gujaf-82	169	7	-	-	PUNCT
gujaf-82	169	8	stat	stat	PROPN
gujaf-82	169	9	-67.456	-67.456	PROPN
gujaf-82	169	10	140.536	140.536	NUM
gujaf-82	169	11	*	*	PUNCT
gujaf-82	169	12	111.864	111.864	NUM
gujaf-82	169	13	*	*	PUNCT
gujaf-82	169	14	*	*	PUNCT
gujaf-82	169	15	*	*	PUNCT
gujaf-82	169	16	-3.983	-3.983	PUNCT
gujaf-82	169	17	*	*	PUNCT
gujaf-82	169	18	*	*	NOUN
gujaf-82	169	19	0.806	0.806	NUM
gujaf-82	169	20	0.779	0.779	NUM
gujaf-82	169	21	30.186	30.186	NUM
gujaf-82	169	22	*	*	PUNCT
gujaf-82	169	23	*	*	PUNCT
gujaf-82	169	24	*	*	PUNCT
gujaf-82	169	25	29.000	29.000	NUM
gujaf-82	169	26	*	*	PUNCT
gujaf-82	169	27	*	*	PUNCT
gujaf-82	169	28	*	*	PUNCT
gujaf-82	170	1	[	[	X
gujaf-82	170	2	0.174	0.174	NUM
gujaf-82	170	3	]	]	PUNCT
gujaf-82	171	1	[	[	X
gujaf-82	171	2	0.064	0.064	NUM
gujaf-82	171	3	]	]	PUNCT
gujaf-82	172	1	[	[	X
gujaf-82	172	2	0.000	0.000	X
gujaf-82	172	3	]	]	X
gujaf-82	173	1	[	[	X
gujaf-82	173	2	0.022	0.022	X
gujaf-82	173	3	]	]	X
gujaf-82	174	1	[	[	X
gujaf-82	174	2	0.000	0.000	X
gujaf-82	174	3	]	]	X
gujaf-82	175	1	[	[	X
gujaf-82	175	2	0.000	0.000	X
gujaf-82	175	3	]	]	X
gujaf-82	175	4	heteroscedasticity	heteroscedasticity	NOUN
gujaf-82	175	5	test	test	NOUN
gujaf-82	175	6	:	:	PUNCT
gujaf-82	175	7	arch	arch	NOUN
gujaf-82	175	8	:	:	PUNCT
gujaf-82	176	1	0.941	0.941	NUM
gujaf-82	176	2	[	[	X
gujaf-82	176	3	0.339	0.339	NUM
gujaf-82	176	4	]	]	X
gujaf-82	176	5	breusch	breusch	PROPN
gujaf-82	176	6	-	-	PUNCT
gujaf-82	176	7	godfrey	godfrey	NOUN
gujaf-82	176	8	serial	serial	ADJ
gujaf-82	176	9	correlation	correlation	NOUN
gujaf-82	176	10	lm	lm	INTJ
gujaf-82	176	11	:	:	PUNCT
gujaf-82	176	12	1.309	1.309	NUM
gujaf-82	176	13	[	[	X
gujaf-82	176	14	0.519	0.519	NUM
gujaf-82	176	15	]	]	X
gujaf-82	176	16	ramsey	ramsey	PROPN
gujaf-82	176	17	reset	reset	NOUN
gujaf-82	176	18	:	:	PUNCT
gujaf-82	176	19	2.537	2.537	NUM
gujaf-82	176	20	[	[	NOUN
gujaf-82	176	21	0.122	0.122	NUM
gujaf-82	176	22	]	]	SYM
gujaf-82	176	23	source	source	NOUN
gujaf-82	176	24	:	:	PUNCT
gujaf-82	176	25	eviews	eviews	PROPN
gujaf-82	176	26	output	output	NOUN
gujaf-82	176	27	,	,	PUNCT
gujaf-82	176	28	2021	2021	NUM
gujaf-82	176	29	note	note	NOUN
gujaf-82	176	30	:	:	PUNCT
gujaf-82	176	31	values	value	NOUN
gujaf-82	176	32	in	in	ADP
gujaf-82	176	33	parentheses	parenthesis	NOUN
gujaf-82	176	34	are	be	AUX
gujaf-82	176	35	the	the	DET
gujaf-82	176	36	probability	probability	NOUN
gujaf-82	176	37	values	value	NOUN
gujaf-82	176	38	;	;	PUNCT
gujaf-82	176	39	*	*	PUNCT
gujaf-82	176	40	*	*	PUNCT
gujaf-82	176	41	*	*	PUNCT
gujaf-82	176	42	,	,	PUNCT
gujaf-82	176	43	*	*	PUNCT
gujaf-82	176	44	*	*	PUNCT
gujaf-82	176	45	and	and	CCONJ
gujaf-82	176	46	*	*	PUNCT
gujaf-82	176	47	denote	denote	VERB
gujaf-82	176	48	statistically	statistically	ADV
gujaf-82	176	49	significant	significant	ADJ
gujaf-82	176	50	at	at	ADP
gujaf-82	176	51	1	1	NUM
gujaf-82	176	52	%	%	NOUN
gujaf-82	176	53	,	,	PUNCT
gujaf-82	176	54	5	5	NUM
gujaf-82	176	55	%	%	NOUN
gujaf-82	176	56	and	and	CCONJ
gujaf-82	176	57	10	10	NUM
gujaf-82	176	58	%	%	NOUN
gujaf-82	176	59	levels	level	NOUN
gujaf-82	176	60	respectively	respectively	ADV
gujaf-82	176	61	.	.	PUNCT
gujaf-82	177	1	furthermore	furthermore	ADV
gujaf-82	177	2	,	,	PUNCT
gujaf-82	177	3	the	the	DET
gujaf-82	177	4	results	result	NOUN
gujaf-82	177	5	of	of	ADP
gujaf-82	177	6	the	the	DET
gujaf-82	177	7	post	post	ADJ
gujaf-82	177	8	-	-	ADJ
gujaf-82	177	9	estimation	estimation	ADJ
gujaf-82	177	10	diagnostic	diagnostic	ADJ
gujaf-82	177	11	tests	test	NOUN
gujaf-82	177	12	for	for	ADP
gujaf-82	177	13	model	model	NOUN
gujaf-82	177	14	2	2	NUM
gujaf-82	177	15	reported	report	VERB
gujaf-82	177	16	in	in	ADP
gujaf-82	177	17	table	table	NOUN
gujaf-82	177	18	5	5	NUM
gujaf-82	177	19	,	,	PUNCT
gujaf-82	177	20	with	with	ADP
gujaf-82	177	21	the	the	DET
gujaf-82	177	22	large	large	ADJ
gujaf-82	177	23	p	p	NOUN
gujaf-82	177	24	-	-	PUNCT
gujaf-82	177	25	value	value	NOUN
gujaf-82	177	26	of	of	ADP
gujaf-82	177	27	each	each	PRON
gujaf-82	177	28	of	of	ADP
gujaf-82	177	29	the	the	DET
gujaf-82	177	30	test	test	NOUN
gujaf-82	177	31	statistics	statistic	NOUN
gujaf-82	177	32	,	,	PUNCT
gujaf-82	177	33	led	lead	VERB
gujaf-82	177	34	to	to	ADP
gujaf-82	177	35	the	the	DET
gujaf-82	177	36	non	non	NOUN
gujaf-82	177	37	-	-	NOUN
gujaf-82	177	38	rejection	rejection	NOUN
gujaf-82	177	39	of	of	ADP
gujaf-82	177	40	the	the	DET
gujaf-82	177	41	null	null	ADJ
gujaf-82	177	42	hypothesis	hypothesis	NOUN
gujaf-82	177	43	of	of	ADP
gujaf-82	177	44	homoscedasticity	homoscedasticity	NOUN
gujaf-82	177	45	,	,	PUNCT
gujaf-82	177	46	zero	zero	NUM
gujaf-82	177	47	serial	serial	ADJ
gujaf-82	177	48	correlation	correlation	NOUN
gujaf-82	177	49	and	and	CCONJ
gujaf-82	177	50	parameter	parameter	NOUN
gujaf-82	177	51	stability	stability	NOUN
gujaf-82	177	52	respectively	respectively	ADV
gujaf-82	177	53	.	.	PUNCT
gujaf-82	178	1	hence	hence	ADV
gujaf-82	178	2	,	,	PUNCT
gujaf-82	178	3	the	the	DET
gujaf-82	178	4	model	model	NOUN
gujaf-82	178	5	does	do	AUX
gujaf-82	178	6	not	not	PART
gujaf-82	178	7	suffer	suffer	VERB
gujaf-82	178	8	heteroscedasticity	heteroscedasticity	NOUN
gujaf-82	178	9	,	,	PUNCT
gujaf-82	178	10	serial	serial	ADJ
gujaf-82	178	11	correlation	correlation	NOUN
gujaf-82	178	12	and	and	CCONJ
gujaf-82	178	13	parameter	parameter	NOUN
gujaf-82	178	14	(	(	PUNCT
gujaf-82	178	15	specification	specification	NOUN
gujaf-82	178	16	error	error	NOUN
gujaf-82	178	17	)	)	PUNCT
gujaf-82	178	18	problems	problem	NOUN
gujaf-82	178	19	.	.	PUNCT
gujaf-82	179	1	these	these	PRON
gujaf-82	179	2	suggest	suggest	VERB
gujaf-82	179	3	that	that	SCONJ
gujaf-82	179	4	the	the	DET
gujaf-82	179	5	model	model	NOUN
gujaf-82	179	6	is	be	AUX
gujaf-82	179	7	robust	robust	ADJ
gujaf-82	179	8	and	and	CCONJ
gujaf-82	179	9	its	its	PRON
gujaf-82	179	10	estimates	estimate	NOUN
gujaf-82	179	11	perceived	perceive	VERB
gujaf-82	179	12	to	to	PART
gujaf-82	179	13	reliable	reliable	VERB
gujaf-82	179	14	,	,	PUNCT
gujaf-82	179	15	and	and	CCONJ
gujaf-82	179	16	consistent	consistent	ADJ
gujaf-82	179	17	.	.	PUNCT
gujaf-82	180	1	the	the	DET
gujaf-82	180	2	granger	granger	PROPN
gujaf-82	180	3	causality	causality	PROPN
gujaf-82	180	4	results	result	VERB
gujaf-82	180	5	in	in	ADP
gujaf-82	180	6	table	table	NOUN
gujaf-82	180	7	6	6	NUM
gujaf-82	180	8	indicate	indicate	VERB
gujaf-82	180	9	no	no	DET
gujaf-82	180	10	causality	causality	NOUN
gujaf-82	180	11	between	between	ADP
gujaf-82	180	12	the	the	DET
gujaf-82	180	13	two	two	NUM
gujaf-82	180	14	financial	financial	ADJ
gujaf-82	180	15	deepening	deepening	NOUN
gujaf-82	180	16	indicators	indicator	NOUN
gujaf-82	180	17	-	-	PUNCT
gujaf-82	180	18	monetisation	monetisation	NOUN
gujaf-82	180	19	ratio	ratio	NOUN
gujaf-82	180	20	(	(	PUNCT
gujaf-82	180	21	mntr	mntr	PROPN
gujaf-82	180	22	)	)	PUNCT
gujaf-82	180	23	and	and	CCONJ
gujaf-82	180	24	credit	credit	NOUN
gujaf-82	180	25	to	to	ADP
gujaf-82	180	26	the	the	DET
gujaf-82	180	27	private	private	ADJ
gujaf-82	180	28	sector	sector	NOUN
gujaf-82	180	29	ratio	ratio	NOUN
gujaf-82	180	30	(	(	PUNCT
gujaf-82	180	31	cpsr	cpsr	NOUN
gujaf-82	180	32	)	)	PUNCT
gujaf-82	180	33	in	in	ADP
gujaf-82	180	34	nigeria	nigeria	PROPN
gujaf-82	180	35	.	.	PUNCT
gujaf-82	181	1	however	however	ADV
gujaf-82	181	2	,	,	PUNCT
gujaf-82	181	3	there	there	PRON
gujaf-82	181	4	is	be	VERB
gujaf-82	181	5	a	a	DET
gujaf-82	181	6	unidirectional	unidirectional	ADJ
gujaf-82	181	7	causality	causality	NOUN
gujaf-82	181	8	flowing	flow	VERB
gujaf-82	181	9	from	from	ADP
gujaf-82	181	10	stock	stock	NOUN
gujaf-82	181	11	market	market	NOUN
gujaf-82	181	12	returns(asi	returns(asi	NOUN
gujaf-82	181	13	)	)	PUNCT
gujaf-82	181	14	to	to	AUX
gujaf-82	181	15	credit	credit	VERB
gujaf-82	181	16	to	to	ADP
gujaf-82	181	17	private	private	ADJ
gujaf-82	181	18	sector	sector	NOUN
gujaf-82	181	19	and	and	CCONJ
gujaf-82	181	20	monetization	monetization	NOUN
gujaf-82	181	21	ratios	ratio	NOUN
gujaf-82	181	22	.	.	PUNCT
gujaf-82	182	1	further	further	ADJ
gujaf-82	182	2	evidence	evidence	NOUN
gujaf-82	182	3	of	of	ADP
gujaf-82	182	4	a	a	DET
gujaf-82	182	5	unidirectional	unidirectional	ADJ
gujaf-82	182	6	causality	causality	NOUN
gujaf-82	182	7	was	be	AUX
gujaf-82	182	8	also	also	ADV
gujaf-82	182	9	found	find	VERB
gujaf-82	182	10	running	run	VERB
gujaf-82	182	11	stock	stock	NOUN
gujaf-82	182	12	market	market	NOUN
gujaf-82	182	13	liquidity(tvstr	liquidity(tvstr	NOUN
gujaf-82	182	14	)	)	PUNCT
gujaf-82	182	15	to	to	PART
gujaf-82	182	16	credit	credit	VERB
gujaf-82	182	17	to	to	ADP
gujaf-82	182	18	private	private	ADJ
gujaf-82	182	19	sector	sector	NOUN
gujaf-82	182	20	ratio	ratio	NOUN
gujaf-82	182	21	,	,	PUNCT
gujaf-82	182	22	and	and	CCONJ
gujaf-82	182	23	monetization	monetization	NOUN
gujaf-82	182	24	ratio	ratio	NOUN
gujaf-82	182	25	.	.	PUNCT
gujaf-82	183	1	like	like	INTJ
gujaf-82	183	2	okeya	okeya	NOUN
gujaf-82	183	3	and	and	CCONJ
gujaf-82	183	4	dare	dare	VERB
gujaf-82	183	5	(	(	PUNCT
gujaf-82	183	6	2020	2020	NUM
gujaf-82	183	7	)	)	PUNCT
gujaf-82	183	8	,	,	PUNCT
gujaf-82	183	9	this	this	DET
gujaf-82	183	10	study	study	NOUN
gujaf-82	183	11	found	find	VERB
gujaf-82	183	12	evidence	evidence	NOUN
gujaf-82	183	13	of	of	ADP
gujaf-82	183	14	a	a	DET
gujaf-82	183	15	unidirectional	unidirectional	ADJ
gujaf-82	183	16	causality	causality	NOUN
gujaf-82	183	17	flowing	flow	VERB
gujaf-82	183	18	from	from	ADP
gujaf-82	183	19	market	market	NOUN
gujaf-82	183	20	capitalisation	capitalisation	NOUN
gujaf-82	183	21	ratio	ratio	NOUN
gujaf-82	183	22	to	to	ADP
gujaf-82	183	23	credit	credit	NOUN
gujaf-82	183	24	to	to	ADP
gujaf-82	183	25	the	the	DET
gujaf-82	183	26	private	private	ADJ
gujaf-82	183	27	sector	sector	NOUN
gujaf-82	183	28	,	,	PUNCT
gujaf-82	183	29	and	and	CCONJ
gujaf-82	183	30	money	money	NOUN
gujaf-82	183	31	monetization	monetization	NOUN
gujaf-82	183	32	ratios	ratio	NOUN
gujaf-82	183	33	.	.	PUNCT
gujaf-82	184	1	in	in	ADP
gujaf-82	184	2	the	the	DET
gujaf-82	184	3	same	same	ADJ
gujaf-82	184	4	vein	vein	NOUN
gujaf-82	184	5	,	,	PUNCT
gujaf-82	184	6	there	there	PRON
gujaf-82	184	7	is	be	VERB
gujaf-82	184	8	a	a	DET
gujaf-82	184	9	partial	partial	ADJ
gujaf-82	184	10	feedback	feedback	NOUN
gujaf-82	184	11	effect	effect	NOUN
gujaf-82	184	12	between	between	ADP
gujaf-82	184	13	market	market	NOUN
gujaf-82	184	14	capitalisation	capitalisation	NOUN
gujaf-82	184	15	ratio	ratio	NOUN
gujaf-82	184	16	and	and	CCONJ
gujaf-82	184	17	stock	stock	NOUN
gujaf-82	184	18	market	market	NOUN
gujaf-82	184	19	liquidity	liquidity	NOUN
gujaf-82	184	20	,	,	PUNCT
gujaf-82	184	21	with	with	ADP
gujaf-82	184	22	the	the	DET
gujaf-82	184	23	former	former	ADJ
gujaf-82	184	24	leading	leading	NOUN
gujaf-82	184	25	.	.	PUNCT
gujaf-82	185	1	lastly	lastly	ADV
gujaf-82	185	2	,	,	PUNCT
gujaf-82	185	3	we	we	PRON
gujaf-82	185	4	find	find	VERB
gujaf-82	185	5	an	an	DET
gujaf-82	185	6	evidence	evidence	NOUN
gujaf-82	185	7	of	of	ADP
gujaf-82	185	8	a	a	DET
gujaf-82	185	9	bi	bi	ADJ
gujaf-82	185	10	-	-	ADJ
gujaf-82	185	11	directional	directional	ADJ
gujaf-82	185	12	causality	causality	NOUN
gujaf-82	185	13	between	between	ADP
gujaf-82	185	14	market	market	NOUN
gujaf-82	185	15	capitalisation	capitalisation	NOUN
gujaf-82	185	16	ratio	ratio	NOUN
gujaf-82	185	17	and	and	CCONJ
gujaf-82	185	18	stock	stock	NOUN
gujaf-82	185	19	market	market	NOUN
gujaf-82	185	20	returns	return	NOUN
gujaf-82	185	21	(	(	PUNCT
gujaf-82	185	22	all	all	DET
gujaf-82	185	23	share	share	NOUN
gujaf-82	185	24	index	index	NOUN
gujaf-82	185	25	)	)	PUNCT
gujaf-82	185	26	in	in	ADP
gujaf-82	185	27	nigeria	nigeria	PROPN
gujaf-82	185	28	in	in	ADP
gujaf-82	185	29	the	the	DET
gujaf-82	185	30	period	period	NOUN
gujaf-82	185	31	of	of	ADP
gujaf-82	185	32	study	study	NOUN
gujaf-82	185	33	.	.	PUNCT
gujaf-82	186	1	it	it	PRON
gujaf-82	186	2	can	can	AUX
gujaf-82	186	3	be	be	AUX
gujaf-82	186	4	inferred	infer	VERB
gujaf-82	186	5	from	from	ADP
gujaf-82	186	6	above	above	ADP
gujaf-82	186	7	that	that	DET
gujaf-82	186	8	stock	stock	NOUN
gujaf-82	186	9	market	market	NOUN
gujaf-82	186	10	liquidity	liquidity	NOUN
gujaf-82	186	11	granger	granger	NOUN
gujaf-82	186	12	-	-	PUNCT
gujaf-82	186	13	causes	cause	VERB
gujaf-82	186	14	financial	financial	ADJ
gujaf-82	186	15	deepening	deepening	NOUN
gujaf-82	186	16	while	while	SCONJ
gujaf-82	186	17	stock	stock	NOUN
gujaf-82	186	18	market	market	NOUN
gujaf-82	186	19	returns	return	NOUN
gujaf-82	186	20	and	and	CCONJ
gujaf-82	186	21	stock	stock	NOUN
gujaf-82	186	22	market	market	NOUN
gujaf-82	186	23	deepening	deepen	VERB
gujaf-82	186	24	granger	granger	NOUN
gujaf-82	186	25	-	-	PUNCT
gujaf-82	186	26	causes	cause	VERB
gujaf-82	186	27	each	each	DET
gujaf-82	186	28	other	other	ADJ
gujaf-82	186	29	.	.	PUNCT
gujaf-82	187	1	gusau	gusau	PROPN
gujaf-82	187	2	journal	journal	PROPN
gujaf-82	187	3	of	of	ADP
gujaf-82	187	4	accounting	accounting	NOUN
gujaf-82	187	5	and	and	CCONJ
gujaf-82	187	6	finance	finance	NOUN
gujaf-82	187	7	,	,	PUNCT
gujaf-82	187	8	vol	vol	NOUN
gujaf-82	187	9	.	.	PROPN
gujaf-82	187	10	2	2	NUM
gujaf-82	187	11	,	,	PUNCT
gujaf-82	187	12	issue	issue	NOUN
gujaf-82	187	13	2	2	NUM
gujaf-82	187	14	,	,	PUNCT
gujaf-82	187	15	april	april	PROPN
gujaf-82	187	16	,	,	PUNCT
gujaf-82	187	17	2021	2021	NUM
gujaf-82	187	18	12	12	NUM
gujaf-82	187	19	table	table	NOUN
gujaf-82	187	20	6	6	NUM
gujaf-82	187	21	:	:	PUNCT
gujaf-82	187	22	pairwise	pairwise	PROPN
gujaf-82	187	23	granger	granger	NOUN
gujaf-82	187	24	causality	causality	PROPN
gujaf-82	187	25	tests	test	VERB
gujaf-82	187	26	asicpsr	asicpsr	NOUN
gujaf-82	187	27	asi	asi	NOUN
gujaf-82	187	28	mtnr	mtnr	NOUN
gujaf-82	187	29	tvstr	tvstr	VERB
gujaf-82	187	30	pcsr	pcsr	NOUN
gujaf-82	187	31	mcapr↔	mcapr↔	PROPN
gujaf-82	187	32	asi	asi	NOUN
gujaf-82	188	1	mcapr→	mcapr→	PROPN
gujaf-82	188	2	𝐶𝑃𝑆𝑅	𝐶𝑃𝑆𝑅	NOUN
gujaf-82	188	3	mcapr→	mcapr→	SYM
gujaf-82	188	4	tvstr	tvstr	NOUN
gujaf-82	188	5	tvstr	tvstr	NOUN
gujaf-82	188	6	mtnr	mtnr	PROPN
gujaf-82	188	7	cpsr−mtnr	cpsr−mtnr	VERB
gujaf-82	188	8	source	source	NOUN
gujaf-82	188	9	:	:	PUNCT
gujaf-82	188	10	eviews	eviews	PROPN
gujaf-82	188	11	output	output	NOUN
gujaf-82	188	12	,	,	PUNCT
gujaf-82	188	13	2021	2021	NUM
gujaf-82	188	14	note	note	NOUN
gujaf-82	188	15	:	:	PUNCT
gujaf-82	188	16	,	,	PUNCT
gujaf-82	188	17	bidirectional	bidirectional	ADJ
gujaf-82	188	18	causality	causality	NOUN
gujaf-82	188	19	;	;	PUNCT
gujaf-82	188	20	↔	↔	PROPN
gujaf-82	188	21	,	,	PUNCT
gujaf-82	188	22	bidirectional	bidirectional	ADJ
gujaf-82	188	23	causality	causality	NOUN
gujaf-82	188	24	;	;	PUNCT
gujaf-82	188	25	,	,	PUNCT
gujaf-82	188	26	no	no	DET
gujaf-82	188	27	causality	causality	NOUN
gujaf-82	188	28	.	.	PUNCT
gujaf-82	189	1	5	5	X
gujaf-82	189	2	.	.	X
gujaf-82	189	3	conclusion	conclusion	NOUN
gujaf-82	189	4	and	and	CCONJ
gujaf-82	189	5	recommendations	recommendation	NOUN
gujaf-82	189	6	in	in	ADP
gujaf-82	189	7	this	this	DET
gujaf-82	189	8	paper	paper	NOUN
gujaf-82	189	9	,	,	PUNCT
gujaf-82	189	10	we	we	PRON
gujaf-82	189	11	have	have	AUX
gujaf-82	189	12	established	establish	VERB
gujaf-82	189	13	via	via	ADP
gujaf-82	189	14	two	two	NUM
gujaf-82	189	15	-	-	PUNCT
gujaf-82	189	16	stage	stage	NOUN
gujaf-82	189	17	least	least	ADJ
gujaf-82	189	18	squares(2sls	squares(2sls	NOUN
gujaf-82	189	19	)	)	PUNCT
gujaf-82	189	20	regression	regression	NOUN
gujaf-82	189	21	analysis	analysis	NOUN
gujaf-82	189	22	,	,	PUNCT
gujaf-82	189	23	that	that	SCONJ
gujaf-82	189	24	financial	financial	ADJ
gujaf-82	189	25	deepening	deepening	NOUN
gujaf-82	189	26	indicators	indicator	NOUN
gujaf-82	189	27	-	-	PUNCT
gujaf-82	189	28	credit	credit	NOUN
gujaf-82	189	29	to	to	ADP
gujaf-82	189	30	private	private	ADJ
gujaf-82	189	31	sector	sector	NOUN
gujaf-82	189	32	,	,	PUNCT
gujaf-82	189	33	money	money	NOUN
gujaf-82	189	34	supply	supply	NOUN
gujaf-82	189	35	,	,	PUNCT
gujaf-82	189	36	and	and	CCONJ
gujaf-82	189	37	market	market	NOUN
gujaf-82	189	38	capitalization	capitalization	NOUN
gujaf-82	189	39	contributions	contribution	NOUN
gujaf-82	189	40	to	to	ADP
gujaf-82	189	41	gross	gross	ADJ
gujaf-82	189	42	domestic	domestic	ADJ
gujaf-82	189	43	product	product	NOUN
gujaf-82	189	44	have	have	AUX
gujaf-82	189	45	positive	positive	ADJ
gujaf-82	189	46	effect	effect	NOUN
gujaf-82	189	47	on	on	ADP
gujaf-82	189	48	stock	stock	NOUN
gujaf-82	189	49	market	market	NOUN
gujaf-82	189	50	liquidity	liquidity	NOUN
gujaf-82	189	51	in	in	ADP
gujaf-82	189	52	nigeria	nigeria	PROPN
gujaf-82	189	53	.	.	PUNCT
gujaf-82	190	1	except	except	SCONJ
gujaf-82	190	2	for	for	ADP
gujaf-82	190	3	credit	credit	NOUN
gujaf-82	190	4	to	to	ADP
gujaf-82	190	5	private	private	ADJ
gujaf-82	190	6	sector	sector	NOUN
gujaf-82	190	7	ratio	ratio	NOUN
gujaf-82	190	8	,	,	PUNCT
gujaf-82	190	9	the	the	DET
gujaf-82	190	10	effect	effect	NOUN
gujaf-82	190	11	of	of	ADP
gujaf-82	190	12	the	the	DET
gujaf-82	190	13	other	other	ADJ
gujaf-82	190	14	two	two	NUM
gujaf-82	190	15	indicators	indicator	NOUN
gujaf-82	190	16	of	of	ADP
gujaf-82	190	17	financial	financial	ADJ
gujaf-82	190	18	deepening	deepening	NOUN
gujaf-82	190	19	are	be	AUX
gujaf-82	190	20	significant	significant	ADJ
gujaf-82	190	21	explaining	explain	VERB
gujaf-82	190	22	stock	stock	NOUN
gujaf-82	190	23	market	market	NOUN
gujaf-82	190	24	liquidity	liquidity	NOUN
gujaf-82	190	25	in	in	ADP
gujaf-82	190	26	the	the	DET
gujaf-82	190	27	period	period	NOUN
gujaf-82	190	28	of	of	ADP
gujaf-82	190	29	study	study	NOUN
gujaf-82	190	30	(	(	PUNCT
gujaf-82	190	31	1985	1985	NUM
gujaf-82	190	32	-	-	SYM
gujaf-82	190	33	2018	2018	NUM
gujaf-82	190	34	)	)	PUNCT
gujaf-82	190	35	.	.	PUNCT
gujaf-82	191	1	furthermore	furthermore	ADV
gujaf-82	191	2	,	,	PUNCT
gujaf-82	191	3	empirical	empirical	ADJ
gujaf-82	191	4	findings	finding	NOUN
gujaf-82	191	5	reveal	reveal	VERB
gujaf-82	191	6	that	that	SCONJ
gujaf-82	191	7	,	,	PUNCT
gujaf-82	191	8	though	though	ADV
gujaf-82	191	9	,	,	PUNCT
gujaf-82	191	10	all	all	DET
gujaf-82	191	11	the	the	DET
gujaf-82	191	12	financial	financial	ADJ
gujaf-82	191	13	deepening	deepening	NOUN
gujaf-82	191	14	indicators	indicator	NOUN
gujaf-82	191	15	are	be	AUX
gujaf-82	191	16	positively	positively	ADV
gujaf-82	191	17	signed	sign	VERB
gujaf-82	191	18	with	with	ADP
gujaf-82	191	19	stock	stock	NOUN
gujaf-82	191	20	market	market	NOUN
gujaf-82	191	21	returns	return	NOUN
gujaf-82	191	22	,	,	PUNCT
gujaf-82	191	23	only	only	ADV
gujaf-82	191	24	market	market	NOUN
gujaf-82	191	25	capitalization	capitalization	NOUN
gujaf-82	191	26	ratio	ratio	NOUN
gujaf-82	191	27	is	be	AUX
gujaf-82	191	28	found	find	VERB
gujaf-82	191	29	to	to	PART
gujaf-82	191	30	exert	exert	VERB
gujaf-82	191	31	significant	significant	ADJ
gujaf-82	191	32	effect	effect	NOUN
gujaf-82	191	33	on	on	ADP
gujaf-82	191	34	the	the	DET
gujaf-82	191	35	stock	stock	NOUN
gujaf-82	191	36	market	market	NOUN
gujaf-82	191	37	returns	return	NOUN
gujaf-82	191	38	in	in	ADP
gujaf-82	191	39	nigeria	nigeria	PROPN
gujaf-82	191	40	in	in	ADP
gujaf-82	191	41	the	the	DET
gujaf-82	191	42	period	period	NOUN
gujaf-82	191	43	of	of	ADP
gujaf-82	191	44	study	study	NOUN
gujaf-82	191	45	.	.	PUNCT
gujaf-82	192	1	moreover	moreover	ADV
gujaf-82	192	2	,	,	PUNCT
gujaf-82	192	3	this	this	DET
gujaf-82	192	4	study	study	NOUN
gujaf-82	192	5	,	,	PUNCT
gujaf-82	192	6	via	via	ADP
gujaf-82	192	7	pairwise	pairwise	NOUN
gujaf-82	192	8	granger	granger	NOUN
gujaf-82	192	9	causality	causality	NOUN
gujaf-82	192	10	technique	technique	NOUN
gujaf-82	192	11	,	,	PUNCT
gujaf-82	192	12	also	also	ADV
gujaf-82	192	13	confirms	confirm	VERB
gujaf-82	192	14	evidence	evidence	NOUN
gujaf-82	192	15	of	of	ADP
gujaf-82	192	16	a	a	DET
gujaf-82	192	17	unidirectional	unidirectional	ADJ
gujaf-82	192	18	causality	causality	NOUN
gujaf-82	192	19	flowing	flow	VERB
gujaf-82	192	20	from	from	ADP
gujaf-82	192	21	stock	stock	NOUN
gujaf-82	192	22	market	market	NOUN
gujaf-82	192	23	liquidity	liquidity	NOUN
gujaf-82	192	24	to	to	ADP
gujaf-82	192	25	financial	financial	ADJ
gujaf-82	192	26	deepening	deepening	NOUN
gujaf-82	192	27	while	while	SCONJ
gujaf-82	192	28	a	a	DET
gujaf-82	192	29	bidirectional	bidirectional	ADJ
gujaf-82	192	30	causality	causality	NOUN
gujaf-82	192	31	exists	exist	VERB
gujaf-82	192	32	between	between	ADP
gujaf-82	192	33	stock	stock	NOUN
gujaf-82	192	34	market	market	NOUN
gujaf-82	192	35	returns	return	NOUN
gujaf-82	192	36	and	and	CCONJ
gujaf-82	192	37	stock	stock	NOUN
gujaf-82	192	38	market	market	NOUN
gujaf-82	192	39	deepening	deepening	NOUN
gujaf-82	192	40	.	.	PUNCT
gujaf-82	193	1	in	in	ADP
gujaf-82	193	2	support	support	NOUN
gujaf-82	193	3	of	of	ADP
gujaf-82	193	4	previous	previous	ADJ
gujaf-82	193	5	studies	study	NOUN
gujaf-82	193	6	(	(	PUNCT
gujaf-82	193	7	alenogbena	alenogbena	PROPN
gujaf-82	193	8	et	et	PROPN
gujaf-82	193	9	al	al	PROPN
gujaf-82	193	10	.	.	PROPN
gujaf-82	194	1	(	(	PUNCT
gujaf-82	194	2	2014	2014	NUM
gujaf-82	194	3	;	;	PUNCT
gujaf-82	194	4	okeya	okeya	NOUN
gujaf-82	194	5	and	and	CCONJ
gujaf-82	194	6	dare	dare	VERB
gujaf-82	194	7	(	(	PUNCT
gujaf-82	194	8	2020	2020	NUM
gujaf-82	194	9	)	)	PUNCT
gujaf-82	194	10	)	)	PUNCT
gujaf-82	194	11	,	,	PUNCT
gujaf-82	194	12	this	this	DET
gujaf-82	194	13	study	study	NOUN
gujaf-82	194	14	therefore	therefore	ADV
gujaf-82	194	15	,	,	PUNCT
gujaf-82	194	16	concludes	conclude	VERB
gujaf-82	194	17	that	that	SCONJ
gujaf-82	194	18	financial	financial	ADJ
gujaf-82	194	19	deepening	deepening	NOUN
gujaf-82	194	20	is	be	AUX
gujaf-82	194	21	germane	germane	ADJ
gujaf-82	194	22	to	to	ADP
gujaf-82	194	23	nigerian	nigerian	ADJ
gujaf-82	194	24	stock	stock	NOUN
gujaf-82	194	25	market	market	NOUN
gujaf-82	194	26	positive	positive	ADJ
gujaf-82	194	27	performance	performance	NOUN
gujaf-82	194	28	in	in	ADP
gujaf-82	194	29	terms	term	NOUN
gujaf-82	194	30	of	of	ADP
gujaf-82	194	31	returns	return	NOUN
gujaf-82	194	32	and	and	CCONJ
gujaf-82	194	33	liquidity	liquidity	NOUN
gujaf-82	194	34	.	.	PUNCT
gujaf-82	195	1	this	this	PRON
gujaf-82	195	2	suggests	suggest	VERB
gujaf-82	195	3	that	that	SCONJ
gujaf-82	195	4	the	the	DET
gujaf-82	195	5	more	more	ADV
gujaf-82	195	6	deepened	deepen	VERB
gujaf-82	195	7	the	the	DET
gujaf-82	195	8	financial	financial	ADJ
gujaf-82	195	9	system	system	NOUN
gujaf-82	195	10	,	,	PUNCT
gujaf-82	195	11	the	the	PRON
gujaf-82	195	12	greater	great	ADJ
gujaf-82	195	13	the	the	DET
gujaf-82	195	14	stock	stock	NOUN
gujaf-82	195	15	market	market	NOUN
gujaf-82	195	16	development	development	NOUN
gujaf-82	195	17	in	in	ADP
gujaf-82	195	18	nigeria	nigeria	PROPN
gujaf-82	195	19	.	.	PUNCT
gujaf-82	196	1	specifically	specifically	ADV
gujaf-82	196	2	,	,	PUNCT
gujaf-82	196	3	the	the	DET
gujaf-82	196	4	study	study	NOUN
gujaf-82	196	5	submits	submit	VERB
gujaf-82	196	6	that	that	SCONJ
gujaf-82	196	7	two	two	NUM
gujaf-82	196	8	financial	financial	ADJ
gujaf-82	196	9	deepening	deepening	NOUN
gujaf-82	196	10	indicators	indicator	NOUN
gujaf-82	196	11	,	,	PUNCT
gujaf-82	196	12	namely	namely	ADV
gujaf-82	196	13	broad	broad	ADJ
gujaf-82	196	14	money	money	NOUN
gujaf-82	196	15	supply	supply	NOUN
gujaf-82	196	16	and	and	CCONJ
gujaf-82	196	17	stock	stock	NOUN
gujaf-82	196	18	market	market	NOUN
gujaf-82	196	19	capitalisation	capitalisation	NOUN
gujaf-82	196	20	contributions	contribution	NOUN
gujaf-82	196	21	to	to	ADP
gujaf-82	196	22	gross	gross	ADJ
gujaf-82	196	23	domestic	domestic	ADJ
gujaf-82	196	24	product	product	NOUN
gujaf-82	196	25	are	be	AUX
gujaf-82	196	26	significant	significant	ADJ
gujaf-82	196	27	determinants	determinant	NOUN
gujaf-82	196	28	of	of	ADP
gujaf-82	196	29	stock	stock	NOUN
gujaf-82	196	30	market	market	NOUN
gujaf-82	196	31	performance	performance	NOUN
gujaf-82	196	32	in	in	ADP
gujaf-82	196	33	nigeria	nigeria	PROPN
gujaf-82	196	34	.	.	PUNCT
gujaf-82	197	1	this	this	DET
gujaf-82	197	2	study	study	NOUN
gujaf-82	197	3	,	,	PUNCT
gujaf-82	197	4	therefore	therefore	ADV
gujaf-82	197	5	,	,	PUNCT
gujaf-82	197	6	recommends	recommend	VERB
gujaf-82	197	7	that	that	SCONJ
gujaf-82	197	8	the	the	DET
gujaf-82	197	9	government	government	NOUN
gujaf-82	197	10	of	of	ADP
gujaf-82	197	11	nigeria	nigeria	PROPN
gujaf-82	197	12	,	,	PUNCT
gujaf-82	197	13	central	central	ADJ
gujaf-82	197	14	bank	bank	PROPN
gujaf-82	197	15	of	of	ADP
gujaf-82	197	16	nigeria	nigeria	PROPN
gujaf-82	197	17	and	and	CCONJ
gujaf-82	197	18	organised	organise	VERB
gujaf-82	197	19	private	private	ADJ
gujaf-82	197	20	sector	sector	NOUN
gujaf-82	197	21	to	to	PART
gujaf-82	197	22	consciously	consciously	ADV
gujaf-82	197	23	collaborate	collaborate	VERB
gujaf-82	197	24	to	to	PART
gujaf-82	197	25	implement	implement	VERB
gujaf-82	197	26	policies	policy	NOUN
gujaf-82	197	27	,	,	PUNCT
gujaf-82	197	28	incentives	incentive	NOUN
gujaf-82	197	29	,	,	PUNCT
gujaf-82	197	30	and	and	CCONJ
gujaf-82	197	31	programmes	programme	NOUN
gujaf-82	197	32	to	to	PART
gujaf-82	197	33	further	far	ADV
gujaf-82	197	34	develop	develop	VERB
gujaf-82	197	35	the	the	DET
gujaf-82	197	36	banking	banking	NOUN
gujaf-82	197	37	sector	sector	NOUN
gujaf-82	197	38	,	,	PUNCT
gujaf-82	197	39	capital	capital	NOUN
gujaf-82	197	40	market	market	NOUN
gujaf-82	197	41	and	and	CCONJ
gujaf-82	197	42	improve	improve	VERB
gujaf-82	197	43	liquidity	liquidity	NOUN
gujaf-82	197	44	in	in	ADP
gujaf-82	197	45	the	the	DET
gujaf-82	197	46	economy	economy	NOUN
gujaf-82	197	47	of	of	ADP
gujaf-82	197	48	nigeria	nigeria	PROPN
gujaf-82	197	49	.	.	PUNCT
gujaf-82	198	1	there	there	PRON
gujaf-82	198	2	is	be	VERB
gujaf-82	198	3	also	also	ADV
gujaf-82	198	4	a	a	DET
gujaf-82	198	5	further	further	ADJ
gujaf-82	198	6	need	need	NOUN
gujaf-82	198	7	to	to	PART
gujaf-82	198	8	deepen	deepen	VERB
gujaf-82	198	9	nigerian	nigerian	ADJ
gujaf-82	198	10	financial	financial	ADJ
gujaf-82	198	11	sector	sector	NOUN
gujaf-82	198	12	by	by	ADP
gujaf-82	198	13	increasing	increase	VERB
gujaf-82	198	14	the	the	DET
gujaf-82	198	15	range	range	NOUN
gujaf-82	198	16	of	of	ADP
gujaf-82	198	17	financial	financial	ADJ
gujaf-82	198	18	assets	asset	NOUN
gujaf-82	198	19	in	in	ADP
gujaf-82	198	20	the	the	DET
gujaf-82	198	21	economy	economy	NOUN
gujaf-82	198	22	.	.	PUNCT
gujaf-82	199	1	exchange	exchange	NOUN
gujaf-82	199	2	rate	rate	NOUN
gujaf-82	199	3	policy	policy	NOUN
gujaf-82	199	4	should	should	AUX
gujaf-82	199	5	be	be	AUX
gujaf-82	199	6	geared	gear	VERB
gujaf-82	199	7	towards	towards	ADP
gujaf-82	199	8	strengthening	strengthen	VERB
gujaf-82	199	9	the	the	DET
gujaf-82	199	10	value	value	NOUN
gujaf-82	199	11	of	of	ADP
gujaf-82	199	12	nigerian	nigerian	ADJ
gujaf-82	199	13	currency	currency	NOUN
gujaf-82	199	14	(	(	PUNCT
gujaf-82	199	15	naira	naira	PROPN
gujaf-82	199	16	)	)	PUNCT
gujaf-82	199	17	in	in	ADP
gujaf-82	199	18	order	order	NOUN
gujaf-82	199	19	to	to	PART
gujaf-82	199	20	stem	stem	VERB
gujaf-82	199	21	the	the	DET
gujaf-82	199	22	tide	tide	NOUN
gujaf-82	199	23	of	of	ADP
gujaf-82	199	24	domestic	domestic	ADJ
gujaf-82	199	25	currency	currency	NOUN
gujaf-82	199	26	depreciation	depreciation	NOUN
gujaf-82	199	27	.	.	PUNCT
gujaf-82	200	1	references	reference	NOUN
gujaf-82	200	2	abina	abina	PROPN
gujaf-82	200	3	,	,	PUNCT
gujaf-82	200	4	a.	a.	NOUN
gujaf-82	200	5	p.	p.	PROPN
gujaf-82	200	6	,	,	PUNCT
gujaf-82	200	7	&	&	CCONJ
gujaf-82	200	8	lemea	lemea	PROPN
gujaf-82	200	9	,	,	PUNCT
gujaf-82	200	10	g.	g.	PROPN
gujaf-82	200	11	m.	m.	PROPN
gujaf-82	200	12	(	(	PUNCT
gujaf-82	200	13	2019	2019	NUM
gujaf-82	200	14	)	)	PUNCT
gujaf-82	200	15	.	.	PUNCT
gujaf-82	201	1	capital	capital	NOUN
gujaf-82	201	2	market	market	NOUN
gujaf-82	201	3	and	and	CCONJ
gujaf-82	201	4	performance	performance	NOUN
gujaf-82	201	5	of	of	ADP
gujaf-82	201	6	nigeria	nigeria	PROPN
gujaf-82	201	7	economy	economy	NOUN
gujaf-82	201	8	(	(	PUNCT
gujaf-82	201	9	1985	1985	NUM
gujaf-82	201	10	-	-	SYM
gujaf-82	201	11	2017	2017	NUM
gujaf-82	201	12	)	)	PUNCT
gujaf-82	201	13	.	.	PUNCT
gujaf-82	202	1	international	international	ADJ
gujaf-82	202	2	journal	journal	NOUN
gujaf-82	202	3	of	of	ADP
gujaf-82	202	4	innovative	innovative	ADJ
gujaf-82	202	5	finance	finance	NOUN
gujaf-82	202	6	and	and	CCONJ
gujaf-82	202	7	economics	economic	NOUN
gujaf-82	202	8	research	research	NOUN
gujaf-82	202	9	,	,	PUNCT
gujaf-82	202	10	7(2	7(2	NUM
gujaf-82	202	11	)	)	PUNCT
gujaf-82	202	12	,	,	PUNCT
gujaf-82	202	13	51	51	NUM
gujaf-82	202	14	-	-	SYM
gujaf-82	202	15	66	66	NUM
gujaf-82	202	16	.	.	PUNCT
gujaf-82	203	1	acha	acha	PROPN
gujaf-82	203	2	,	,	PUNCT
gujaf-82	203	3	i.	i.	PROPN
gujaf-82	203	4	a.	a.	PROPN
gujaf-82	203	5	and	and	CCONJ
gujaf-82	203	6	akpan	akpan	PROPN
gujaf-82	203	7	,	,	PUNCT
gujaf-82	203	8	s.	s.	PROPN
gujaf-82	203	9	o.	o.	PROPN
gujaf-82	203	10	(	(	PUNCT
gujaf-82	203	11	2019	2019	NUM
gujaf-82	203	12	)	)	PUNCT
gujaf-82	203	13	.	.	PUNCT
gujaf-82	204	1	capital	capital	NOUN
gujaf-82	204	2	market	market	NOUN
gujaf-82	204	3	performance	performance	NOUN
gujaf-82	204	4	and	and	CCONJ
gujaf-82	204	5	economic	economic	ADJ
gujaf-82	204	6	growth	growth	NOUN
gujaf-82	204	7	in	in	ADP
gujaf-82	204	8	nigeria	nigeria	PROPN
gujaf-82	204	9	.	.	PUNCT
gujaf-82	205	1	noble	noble	ADJ
gujaf-82	205	2	international	international	ADJ
gujaf-82	205	3	journal	journal	NOUN
gujaf-82	205	4	of	of	ADP
gujaf-82	205	5	economics	economic	NOUN
gujaf-82	205	6	and	and	CCONJ
gujaf-82	205	7	financial	financial	ADJ
gujaf-82	205	8	research	research	NOUN
gujaf-82	205	9	,	,	PUNCT
gujaf-82	205	10	4(2),10	4(2),10	NUM
gujaf-82	205	11	-	-	SYM
gujaf-82	205	12	18	18	NUM
gujaf-82	205	13	.	.	PUNCT
gujaf-82	206	1	adenuga	adenuga	PROPN
gujaf-82	206	2	,	,	PUNCT
gujaf-82	206	3	a.o	a.o	PROPN
gujaf-82	206	4	.	.	PROPN
gujaf-82	206	5	(	(	PUNCT
gujaf-82	206	6	2010	2010	NUM
gujaf-82	206	7	)	)	PUNCT
gujaf-82	206	8	.	.	PUNCT
gujaf-82	207	1	stock	stock	NOUN
gujaf-82	207	2	market	market	NOUN
gujaf-82	207	3	development	development	NOUN
gujaf-82	207	4	indicators	indicator	NOUN
gujaf-82	207	5	and	and	CCONJ
gujaf-82	207	6	economic	economic	ADJ
gujaf-82	207	7	growth	growth	NOUN
gujaf-82	207	8	in	in	ADP
gujaf-82	207	9	nigeria	nigeria	PROPN
gujaf-82	207	10	(	(	PUNCT
gujaf-82	207	11	1990	1990	NUM
gujaf-82	207	12	-	-	SYM
gujaf-82	207	13	2009	2009	NUM
gujaf-82	207	14	):	):	PUNCT
gujaf-82	207	15	empirical	empirical	ADJ
gujaf-82	207	16	investigations	investigation	NOUN
gujaf-82	207	17	.	.	PUNCT
gujaf-82	208	1	economic	economic	ADJ
gujaf-82	208	2	and	and	CCONJ
gujaf-82	208	3	financial	financial	ADJ
gujaf-82	208	4	review	review	NOUN
gujaf-82	208	5	,	,	PUNCT
gujaf-82	208	6	48(1	48(1	NOUN
gujaf-82	208	7	)	)	PUNCT
gujaf-82	208	8	,	,	PUNCT
gujaf-82	208	9	33	33	NUM
gujaf-82	208	10	-	-	SYM
gujaf-82	208	11	70	70	NUM
gujaf-82	208	12	.	.	PUNCT
gujaf-82	209	1	adeyeye	adeyeye	NOUN
gujaf-82	209	2	,	,	PUNCT
gujaf-82	209	3	p.	p.	PROPN
gujaf-82	209	4	o.	o.	PROPN
gujaf-82	209	5	,	,	PUNCT
gujaf-82	209	6	aluko	aluko	PROPN
gujaf-82	209	7	,	,	PUNCT
gujaf-82	209	8	o.	o.	PROPN
gujaf-82	209	9	a.	a.	PROPN
gujaf-82	209	10	,	,	PUNCT
gujaf-82	209	11	fapetu	fapetu	NOUN
gujaf-82	209	12	,	,	PUNCT
gujaf-82	209	13	o.	o.	PROPN
gujaf-82	209	14	,	,	PUNCT
gujaf-82	209	15	&	&	CCONJ
gujaf-82	209	16	migiro	migiro	ADV
gujaf-82	209	17	,	,	PUNCT
gujaf-82	210	1	s.	s.	PROPN
gujaf-82	210	2	o.	o.	PROPN
gujaf-82	210	3	(	(	PUNCT
gujaf-82	210	4	2017	2017	NUM
gujaf-82	210	5	)	)	PUNCT
gujaf-82	210	6	.	.	PUNCT
gujaf-82	211	1	how	how	SCONJ
gujaf-82	211	2	financial	financial	ADJ
gujaf-82	211	3	liberalization	liberalization	NOUN
gujaf-82	211	4	impacts	impact	VERB
gujaf-82	211	5	stock	stock	NOUN
gujaf-82	211	6	market	market	NOUN
gujaf-82	211	7	volatility	volatility	NOUN
gujaf-82	211	8	in	in	ADP
gujaf-82	211	9	africa	africa	PROPN
gujaf-82	211	10	:	:	PUNCT
gujaf-82	211	11	evidence	evidence	NOUN
gujaf-82	211	12	from	from	ADP
gujaf-82	211	13	nigeria	nigeria	PROPN
gujaf-82	211	14	.	.	PUNCT
gujaf-82	212	1	investment	investment	NOUN
gujaf-82	212	2	gusau	gusau	PROPN
gujaf-82	212	3	journal	journal	NOUN
gujaf-82	212	4	of	of	ADP
gujaf-82	212	5	accounting	accounting	NOUN
gujaf-82	212	6	and	and	CCONJ
gujaf-82	212	7	finance	finance	NOUN
gujaf-82	212	8	,	,	PUNCT
gujaf-82	212	9	vol	vol	NOUN
gujaf-82	212	10	.	.	PROPN
gujaf-82	212	11	2	2	NUM
gujaf-82	212	12	,	,	PUNCT
gujaf-82	212	13	issue	issue	NOUN
gujaf-82	212	14	2	2	NUM
gujaf-82	212	15	,	,	PUNCT
gujaf-82	212	16	april	april	PROPN
gujaf-82	212	17	,	,	PUNCT
gujaf-82	212	18	2021	2021	NUM
gujaf-82	212	19	13	13	NUM
gujaf-82	212	20	management	management	NOUN
gujaf-82	212	21	and	and	CCONJ
gujaf-82	212	22	financial	financial	ADJ
gujaf-82	212	23	innovations	innovation	NOUN
gujaf-82	212	24	,	,	PUNCT
gujaf-82	212	25	14(3),291	14(3),291	NUM
gujaf-82	212	26	-	-	SYM
gujaf-82	212	27	301	301	NUM
gujaf-82	212	28	.	.	PUNCT
gujaf-82	213	1	doi:10.21511	doi:10.21511	PROPN
gujaf-82	213	2	/	/	SYM
gujaf-82	213	3	imfi.14(31).2017.13	imfi.14(31).2017.13	PROPN
gujaf-82	213	4	alenoghena	alenoghena	PROPN
gujaf-82	213	5	,	,	PUNCT
gujaf-82	213	6	r.	r.	PROPN
gujaf-82	213	7	o.	o.	PROPN
gujaf-82	213	8	,	,	PUNCT
gujaf-82	213	9	enakali	enakali	PROPN
gujaf-82	213	10	-	-	PUNCT
gujaf-82	213	11	osoba	osoba	PROPN
gujaf-82	213	12	,	,	PUNCT
gujaf-82	213	13	c.	c.	PROPN
gujaf-82	213	14	,	,	PUNCT
gujaf-82	213	15	&	&	CCONJ
gujaf-82	213	16	mesagan	mesagan	PROPN
gujaf-82	213	17	,	,	PUNCT
gujaf-82	213	18	p.	p.	PROPN
gujaf-82	213	19	e.	e.	PROPN
gujaf-82	213	20	(	(	PUNCT
gujaf-82	213	21	2014	2014	NUM
gujaf-82	213	22	)	)	PUNCT
gujaf-82	213	23	.	.	PUNCT
gujaf-82	214	1	financial	financial	ADJ
gujaf-82	214	2	deepening	deepening	NOUN
gujaf-82	214	3	and	and	CCONJ
gujaf-82	214	4	performance	performance	NOUN
gujaf-82	214	5	of	of	ADP
gujaf-82	214	6	the	the	DET
gujaf-82	214	7	nigerian	nigerian	ADJ
gujaf-82	214	8	capital	capital	NOUN
gujaf-82	214	9	market	market	NOUN
gujaf-82	214	10	:	:	PUNCT
gujaf-82	214	11	empirical	empirical	ADJ
gujaf-82	214	12	evidence	evidence	NOUN
gujaf-82	214	13	,	,	PUNCT
gujaf-82	214	14	global	global	ADJ
gujaf-82	214	15	journal	journal	PROPN
gujaf-82	214	16	of	of	ADP
gujaf-82	214	17	commerce	commerce	PROPN
gujaf-82	214	18	and	and	CCONJ
gujaf-82	214	19	management	management	NOUN
gujaf-82	214	20	perspective	perspective	NOUN
gujaf-82	214	21	,	,	PUNCT
gujaf-82	214	22	3(4),142	3(4),142	PROPN
gujaf-82	214	23	-	-	PUNCT
gujaf-82	214	24	151	151	NUM
gujaf-82	214	25	.	.	PUNCT
gujaf-82	215	1	alrabadi	alrabadi	NOUN
gujaf-82	215	2	,	,	PUNCT
gujaf-82	215	3	d.	d.	PROPN
gujaf-82	215	4	w.	w.	PROPN
gujaf-82	215	5	h.	h.	PROPN
gujaf-82	215	6	,	,	PUNCT
gujaf-82	215	7	&	&	CCONJ
gujaf-82	215	8	kharabsheh	kharabsheh	PROPN
gujaf-82	215	9	,	,	PUNCT
gujaf-82	215	10	b.	b.	PROPN
gujaf-82	215	11	a.	a.	PROPN
gujaf-82	215	12	(	(	PUNCT
gujaf-82	215	13	2016	2016	NUM
gujaf-82	215	14	)	)	PUNCT
gujaf-82	215	15	.	.	PUNCT
gujaf-82	216	1	financial	financial	ADJ
gujaf-82	216	2	deepening	deepening	NOUN
gujaf-82	216	3	and	and	CCONJ
gujaf-82	216	4	economic	economic	ADJ
gujaf-82	216	5	growth	growth	NOUN
gujaf-82	216	6	:	:	PUNCT
gujaf-82	216	7	the	the	DET
gujaf-82	216	8	case	case	NOUN
gujaf-82	216	9	of	of	ADP
gujaf-82	216	10	jordan	jordan	PROPN
gujaf-82	216	11	.	.	PUNCT
gujaf-82	217	1	journal	journal	PROPN
gujaf-82	217	2	of	of	ADP
gujaf-82	217	3	accounting	accounting	NOUN
gujaf-82	217	4	and	and	CCONJ
gujaf-82	217	5	finance	finance	NOUN
gujaf-82	217	6	,	,	PUNCT
gujaf-82	217	7	16(6	16(6	NUM
gujaf-82	217	8	)	)	PUNCT
gujaf-82	217	9	,	,	PUNCT
gujaf-82	217	10	158	158	NUM
gujaf-82	217	11	-	-	SYM
gujaf-82	217	12	166	166	NUM
gujaf-82	217	13	.	.	PUNCT
gujaf-82	218	1	bakang	bakang	PROPN
gujaf-82	218	2	,	,	PUNCT
gujaf-82	218	3	m.	m.	NOUN
gujaf-82	218	4	l.	l.	PROPN
gujaf-82	218	5	n.	n.	PROPN
gujaf-82	218	6	(	(	PUNCT
gujaf-82	218	7	2015	2015	NUM
gujaf-82	218	8	)	)	PUNCT
gujaf-82	218	9	.	.	PUNCT
gujaf-82	219	1	effects	effect	NOUN
gujaf-82	219	2	of	of	ADP
gujaf-82	219	3	financial	financial	ADJ
gujaf-82	219	4	deepening	deepening	NOUN
gujaf-82	219	5	on	on	ADP
gujaf-82	219	6	economic	economic	ADJ
gujaf-82	219	7	growth	growth	NOUN
gujaf-82	219	8	in	in	ADP
gujaf-82	219	9	kenya	kenya	PROPN
gujaf-82	219	10	.	.	PUNCT
gujaf-82	220	1	international	international	ADJ
gujaf-82	220	2	journal	journal	PROPN
gujaf-82	220	3	of	of	ADP
gujaf-82	220	4	business	business	NOUN
gujaf-82	220	5	and	and	CCONJ
gujaf-82	220	6	commerce	commerce	PROPN
gujaf-82	220	7	,	,	PUNCT
gujaf-82	220	8	4(7),1	4(7),1	PROPN
gujaf-82	220	9	-	-	SYM
gujaf-82	220	10	50	50	NUM
gujaf-82	220	11	.	.	PUNCT
gujaf-82	221	1	edame	edame	PROPN
gujaf-82	221	2	,	,	PUNCT
gujaf-82	221	3	g.e	g.e	PROPN
gujaf-82	221	4	.	.	PROPN
gujaf-82	221	5	,	,	PUNCT
gujaf-82	221	6	&	&	CCONJ
gujaf-82	221	7	okoro	okoro	PRON
gujaf-82	221	8	,	,	PUNCT
gujaf-82	221	9	u.	u.	NOUN
gujaf-82	221	10	(	(	PUNCT
gujaf-82	221	11	2013	2013	NUM
gujaf-82	221	12	)	)	PUNCT
gujaf-82	221	13	.	.	PUNCT
gujaf-82	222	1	the	the	DET
gujaf-82	222	2	impact	impact	NOUN
gujaf-82	222	3	of	of	ADP
gujaf-82	222	4	capital	capital	NOUN
gujaf-82	222	5	market	market	NOUN
gujaf-82	222	6	on	on	ADP
gujaf-82	222	7	economic	economic	ADJ
gujaf-82	222	8	growth	growth	NOUN
gujaf-82	222	9	in	in	ADP
gujaf-82	222	10	nigeria	nigeria	PROPN
gujaf-82	222	11	.	.	PUNCT
gujaf-82	223	1	journal	journal	PROPN
gujaf-82	223	2	of	of	ADP
gujaf-82	223	3	poverty	poverty	NOUN
gujaf-82	223	4	,	,	PUNCT
gujaf-82	223	5	investment	investment	NOUN
gujaf-82	223	6	and	and	CCONJ
gujaf-82	223	7	development	development	NOUN
gujaf-82	223	8	,	,	PUNCT
gujaf-82	223	9	1(1),45	1(1),45	NUM
gujaf-82	223	10	-	-	SYM
gujaf-82	223	11	56	56	NUM
gujaf-82	223	12	.	.	PUNCT
gujaf-82	224	1	godfrey	godfrey	PROPN
gujaf-82	224	2	,	,	PUNCT
gujaf-82	224	3	o.	o.	PROPN
gujaf-82	224	4	u.	u.	PROPN
gujaf-82	224	5	,	,	PUNCT
gujaf-82	224	6	&	&	CCONJ
gujaf-82	224	7	agwu	agwu	PROPN
gujaf-82	224	8	.	.	PUNCT
gujaf-82	225	1	e.	e.	PROPN
gujaf-82	225	2	c.	c.	PROPN
gujaf-82	225	3	(	(	PUNCT
gujaf-82	225	4	2020	2020	NUM
gujaf-82	225	5	)	)	PUNCT
gujaf-82	225	6	.	.	PUNCT
gujaf-82	226	1	financial	financial	ADJ
gujaf-82	226	2	deepening	deepening	NOUN
gujaf-82	226	3	and	and	CCONJ
gujaf-82	226	4	capital	capital	NOUN
gujaf-82	226	5	market	market	NOUN
gujaf-82	226	6	returns	return	NOUN
gujaf-82	226	7	in	in	ADP
gujaf-82	226	8	nigeria	nigeria	PROPN
gujaf-82	226	9	.	.	PUNCT
gujaf-82	227	1	journal	journal	PROPN
gujaf-82	227	2	of	of	ADP
gujaf-82	227	3	finance	finance	NOUN
gujaf-82	227	4	and	and	CCONJ
gujaf-82	227	5	accounting	accounting	NOUN
gujaf-82	227	6	,	,	PUNCT
gujaf-82	227	7	8(4),182	8(4),182	PROPN
gujaf-82	227	8	-	-	SYM
gujaf-82	227	9	189	189	NUM
gujaf-82	227	10	.	.	PUNCT
gujaf-82	228	1	doi	doi	NOUN
gujaf-82	228	2	:	:	PUNCT
gujaf-82	228	3	10.11648	10.11648	NUM
gujaf-82	228	4	/	/	SYM
gujaf-82	228	5	j.jfa.20200804.13	j.jfa.20200804.13	PROPN
gujaf-82	228	6	john	john	PROPN
gujaf-82	228	7	,	,	PUNCT
gujaf-82	228	8	e.	e.	PROPN
gujaf-82	228	9	i.	i.	PROPN
gujaf-82	228	10	,	,	PUNCT
gujaf-82	228	11	&	&	CCONJ
gujaf-82	228	12	ibenta	ibenta	PROPN
gujaf-82	228	13	,	,	PUNCT
gujaf-82	228	14	s.	s.	PROPN
gujaf-82	228	15	n.	n.	PROPN
gujaf-82	228	16	(	(	PUNCT
gujaf-82	228	17	2017	2017	NUM
gujaf-82	228	18	)	)	PUNCT
gujaf-82	228	19	.	.	PUNCT
gujaf-82	229	1	financial	financial	ADJ
gujaf-82	229	2	deepening	deepening	NOUN
gujaf-82	229	3	and	and	CCONJ
gujaf-82	229	4	entrepreneurial	entrepreneurial	ADJ
gujaf-82	229	5	growth	growth	NOUN
gujaf-82	229	6	in	in	ADP
gujaf-82	229	7	nigeria	nigeria	PROPN
gujaf-82	229	8	.	.	PUNCT
gujaf-82	230	1	research	research	NOUN
gujaf-82	230	2	journal	journal	PROPN
gujaf-82	230	3	of	of	ADP
gujaf-82	230	4	finance	finance	NOUN
gujaf-82	230	5	and	and	CCONJ
gujaf-82	230	6	accounting	accounting	NOUN
gujaf-82	230	7	,	,	PUNCT
gujaf-82	230	8	8(20),40	8(20),40	NUM
gujaf-82	230	9	-	-	SYM
gujaf-82	230	10	51	51	NUM
gujaf-82	230	11	.	.	PUNCT
gujaf-82	231	1	kromtit	kromtit	PROPN
gujaf-82	231	2	,	,	PUNCT
gujaf-82	231	3	m.	m.	NOUN
gujaf-82	231	4	j.	j.	PROPN
gujaf-82	231	5	,	,	PUNCT
gujaf-82	231	6	&	&	CCONJ
gujaf-82	231	7	umejiaku	umejiaku	PROPN
gujaf-82	231	8	,	,	PUNCT
gujaf-82	231	9	r.	r.	PROPN
gujaf-82	231	10	i.	i.	PROPN
gujaf-82	231	11	(	(	PUNCT
gujaf-82	231	12	2016	2016	NUM
gujaf-82	231	13	)	)	PUNCT
gujaf-82	231	14	.	.	PUNCT
gujaf-82	232	1	implications	implication	NOUN
gujaf-82	232	2	of	of	ADP
gujaf-82	232	3	money	money	NOUN
gujaf-82	232	4	market	market	NOUN
gujaf-82	232	5	deepening	deepen	VERB
gujaf-82	232	6	for	for	ADP
gujaf-82	232	7	financial	financial	ADJ
gujaf-82	232	8	inclusion	inclusion	NOUN
gujaf-82	232	9	in	in	ADP
gujaf-82	232	10	nigeria	nigeria	PROPN
gujaf-82	232	11	.	.	PUNCT
gujaf-82	233	1	journal	journal	PROPN
gujaf-82	233	2	of	of	ADP
gujaf-82	233	3	business	business	NOUN
gujaf-82	233	4	and	and	CCONJ
gujaf-82	233	5	economics	economic	NOUN
gujaf-82	233	6	,	,	PUNCT
gujaf-82	233	7	7(3),525	7(3),525	NUM
gujaf-82	233	8	-	-	SYM
gujaf-82	233	9	532	532	NUM
gujaf-82	233	10	.	.	PUNCT
gujaf-82	234	1	doi	doi	NOUN
gujaf-82	234	2	:	:	PUNCT
gujaf-82	234	3	10.15341	10.15341	NUM
gujaf-82	234	4	/	/	SYM
gujaf-82	234	5	jbe(2155	jbe(2155	VERB
gujaf-82	234	6	-	-	PUNCT
gujaf-82	234	7	7950)/03.07.2016/016	7950)/03.07.2016/016	NUM
gujaf-82	234	8	nwaolisa	nwaolisa	NOUN
gujaf-82	234	9	,	,	PUNCT
gujaf-82	234	10	e.	e.	PROPN
gujaf-82	234	11	f.	f.	PROPN
gujaf-82	234	12	,	,	PUNCT
gujaf-82	234	13	&	&	CCONJ
gujaf-82	234	14	cyril	cyril	PROPN
gujaf-82	234	15	,	,	PUNCT
gujaf-82	234	16	u.	u.	PROPN
gujaf-82	234	17	m.	m.	NOUN
gujaf-82	234	18	(	(	PUNCT
gujaf-82	234	19	2018	2018	NUM
gujaf-82	234	20	)	)	PUNCT
gujaf-82	234	21	.	.	PUNCT
gujaf-82	235	1	assessment	assessment	NOUN
gujaf-82	235	2	of	of	ADP
gujaf-82	235	3	financial	financial	ADJ
gujaf-82	235	4	deepening	deepening	NOUN
gujaf-82	235	5	on	on	ADP
gujaf-82	235	6	the	the	DET
gujaf-82	235	7	growth	growth	NOUN
gujaf-82	235	8	of	of	ADP
gujaf-82	235	9	nigerian	nigerian	ADJ
gujaf-82	235	10	economy	economy	NOUN
gujaf-82	235	11	:	:	PUNCT
gujaf-82	235	12	1990	1990	NUM
gujaf-82	235	13	-	-	SYM
gujaf-82	235	14	2016	2016	NUM
gujaf-82	235	15	.	.	PUNCT
gujaf-82	236	1	international	international	ADJ
gujaf-82	236	2	journal	journal	PROPN
gujaf-82	236	3	of	of	ADP
gujaf-82	236	4	academic	academic	ADJ
gujaf-82	236	5	management	management	NOUN
gujaf-82	236	6	science	science	NOUN
gujaf-82	236	7	research	research	NOUN
gujaf-82	236	8	,	,	PUNCT
gujaf-82	236	9	2(11),70	2(11),70	NUM
gujaf-82	236	10	-	-	SYM
gujaf-82	236	11	82	82	NUM
gujaf-82	236	12	.	.	PUNCT
gujaf-82	237	1	okeya	okeya	PROPN
gujaf-82	237	2	,	,	PUNCT
gujaf-82	237	3	i.	i.	PROPN
gujaf-82	237	4	o.	o.	PROPN
gujaf-82	237	5	,	,	PUNCT
gujaf-82	237	6	dare	dare	VERB
gujaf-82	237	7	,	,	PUNCT
gujaf-82	237	8	d.	d.	PROPN
gujaf-82	237	9	f.	f.	PROPN
gujaf-82	237	10	(	(	PUNCT
gujaf-82	237	11	2020	2020	NUM
gujaf-82	237	12	)	)	PUNCT
gujaf-82	237	13	.	.	PUNCT
gujaf-82	238	1	financial	financial	ADJ
gujaf-82	238	2	deepening	deepening	NOUN
gujaf-82	238	3	and	and	CCONJ
gujaf-82	238	4	stock	stock	NOUN
gujaf-82	238	5	market	market	NOUN
gujaf-82	238	6	development	development	NOUN
gujaf-82	238	7	:	:	PUNCT
gujaf-82	238	8	evidence	evidence	NOUN
gujaf-82	238	9	from	from	ADP
gujaf-82	238	10	nigeria	nigeria	PROPN
gujaf-82	238	11	.	.	PUNCT
gujaf-82	239	1	international	international	ADJ
gujaf-82	239	2	journal	journal	PROPN
gujaf-82	239	3	of	of	ADP
gujaf-82	239	4	research	research	NOUN
gujaf-82	239	5	and	and	CCONJ
gujaf-82	239	6	review	review	NOUN
gujaf-82	239	7	,	,	PUNCT
gujaf-82	239	8	7(6	7(6	NUM
gujaf-82	239	9	)	)	PUNCT
gujaf-82	239	10	,	,	PUNCT
gujaf-82	239	11	329	329	NUM
gujaf-82	239	12	-	-	SYM
gujaf-82	239	13	342	342	NUM
gujaf-82	239	14	.	.	PUNCT
gujaf-82	240	1	okoli	okoli	PROPN
gujaf-82	240	2	m.	m.	PROPN
gujaf-82	240	3	n.	n.	PROPN
gujaf-82	240	4	(	(	PUNCT
gujaf-82	240	5	2010	2010	NUM
gujaf-82	240	6	)	)	PUNCT
gujaf-82	240	7	.	.	PUNCT
gujaf-82	241	1	evaluating	evaluate	VERB
gujaf-82	241	2	the	the	DET
gujaf-82	241	3	nexus	nexus	NOUN
gujaf-82	241	4	between	between	ADP
gujaf-82	241	5	financial	financial	ADJ
gujaf-82	241	6	deepening	deepening	NOUN
gujaf-82	241	7	and	and	CCONJ
gujaf-82	241	8	stock	stock	NOUN
gujaf-82	241	9	market	market	NOUN
gujaf-82	241	10	in	in	ADP
gujaf-82	241	11	nigeria	nigeria	PROPN
gujaf-82	241	12	.	.	PUNCT
gujaf-82	242	1	european	european	ADJ
gujaf-82	242	2	scientific	scientific	ADJ
gujaf-82	242	3	journal	journal	NOUN
gujaf-82	242	4	,	,	PUNCT
gujaf-82	242	5	8(15	8(15	NUM
gujaf-82	242	6	)	)	PUNCT
gujaf-82	242	7	,	,	PUNCT
gujaf-82	242	8	18	18	NUM
gujaf-82	242	9	-	-	SYM
gujaf-82	242	10	29	29	NUM
gujaf-82	242	11	.	.	PUNCT
gujaf-82	243	1	ologunwa	ologunwa	PROPN
gujaf-82	243	2	,	,	PUNCT
gujaf-82	243	3	o.	o.	PROPN
gujaf-82	243	4	p.	p.	PROPN
gujaf-82	243	5	,	,	PUNCT
gujaf-82	243	6	&	&	CCONJ
gujaf-82	243	7	sadibo	sadibo	VERB
gujaf-82	243	8	,	,	PUNCT
gujaf-82	244	1	o.	o.	PROPN
gujaf-82	244	2	v.	v.	PROPN
gujaf-82	244	3	(	(	PUNCT
gujaf-82	244	4	2016	2016	NUM
gujaf-82	244	5	)	)	PUNCT
gujaf-82	244	6	.	.	PUNCT
gujaf-82	245	1	capital	capital	NOUN
gujaf-82	245	2	market	market	NOUN
gujaf-82	245	3	development	development	NOUN
gujaf-82	245	4	and	and	CCONJ
gujaf-82	245	5	economic	economic	ADJ
gujaf-82	245	6	growth	growth	NOUN
gujaf-82	245	7	in	in	ADP
gujaf-82	245	8	nigeria	nigeria	PROPN
gujaf-82	245	9	.	.	PUNCT
gujaf-82	246	1	futa	futa	PROPN
gujaf-82	246	2	journal	journal	PROPN
gujaf-82	246	3	of	of	ADP
gujaf-82	246	4	management	management	NOUN
gujaf-82	246	5	and	and	CCONJ
gujaf-82	246	6	technology	technology	NOUN
gujaf-82	246	7	,	,	PUNCT
gujaf-82	246	8	1(1	1(1	NUM
gujaf-82	246	9	):	):	PUNCT
gujaf-82	246	10	48	48	NUM
gujaf-82	246	11	-	-	SYM
gujaf-82	246	12	59	59	NUM
gujaf-82	246	13	.	.	PUNCT
gujaf-82	247	1	onwumere	onwumere	PROPN
gujaf-82	247	2	,	,	PUNCT
gujaf-82	247	3	j.	j.	PROPN
gujaf-82	247	4	u.	u.	PROPN
gujaf-82	247	5	j.	j.	PROPN
gujaf-82	247	6	,	,	PUNCT
gujaf-82	247	7	ibe	ibe	PROPN
gujaf-82	247	8	,	,	PUNCT
gujaf-82	247	9	i.	i.	PROPN
gujaf-82	247	10	g.	g.	PROPN
gujaf-82	247	11	,	,	PUNCT
gujaf-82	247	12	ozoh	ozoh	PROPN
gujaf-82	247	13	,	,	PUNCT
gujaf-82	247	14	f.	f.	PROPN
gujaf-82	247	15	o.	o.	PROPN
gujaf-82	247	16	,	,	PUNCT
gujaf-82	247	17	&	&	CCONJ
gujaf-82	247	18	mounanu	mounanu	NOUN
gujaf-82	247	19	,	,	PUNCT
gujaf-82	247	20	o.	o.	PROPN
gujaf-82	247	21	(	(	PUNCT
gujaf-82	247	22	2012	2012	NUM
gujaf-82	247	23	)	)	PUNCT
gujaf-82	247	24	.	.	PUNCT
gujaf-82	248	1	the	the	DET
gujaf-82	248	2	effect	effect	NOUN
gujaf-82	248	3	of	of	ADP
gujaf-82	248	4	financial	financial	ADJ
gujaf-82	248	5	deepening	deepening	NOUN
gujaf-82	248	6	on	on	ADP
gujaf-82	248	7	economic	economic	ADJ
gujaf-82	248	8	growth	growth	NOUN
gujaf-82	248	9	:	:	PUNCT
gujaf-82	248	10	evidence	evidence	NOUN
gujaf-82	248	11	from	from	ADP
gujaf-82	248	12	nigeria	nigeria	PROPN
gujaf-82	248	13	.	.	PUNCT
gujaf-82	249	1	research	research	NOUN
gujaf-82	249	2	journal	journal	PROPN
gujaf-82	249	3	of	of	ADP
gujaf-82	249	4	finance	finance	NOUN
gujaf-82	249	5	and	and	CCONJ
gujaf-82	249	6	accounting	accounting	NOUN
gujaf-82	249	7	,	,	PUNCT
gujaf-82	249	8	3(10	3(10	NUM
gujaf-82	249	9	)	)	PUNCT
gujaf-82	249	10	,	,	PUNCT
gujaf-82	249	11	64	64	NUM
gujaf-82	249	12	-	-	SYM
gujaf-82	249	13	74	74	NUM
gujaf-82	249	14	.	.	PUNCT
gujaf-82	250	1	taiwo	taiwo	PROPN
gujaf-82	250	2	,	,	PUNCT
gujaf-82	250	3	j.	j.	PROPN
gujaf-82	250	4	n.	n.	PROPN
gujaf-82	250	5	,	,	PUNCT
gujaf-82	250	6	alaka	alaka	PROPN
gujaf-82	250	7	,	,	PUNCT
gujaf-82	250	8	a.	a.	PROPN
gujaf-82	250	9	,	,	PUNCT
gujaf-82	250	10	&	&	CCONJ
gujaf-82	250	11	afieroho	afieroho	PROPN
gujaf-82	250	12	,	,	PUNCT
gujaf-82	250	13	e.	e.	PROPN
gujaf-82	250	14	(	(	PUNCT
gujaf-82	250	15	2016	2016	NUM
gujaf-82	250	16	)	)	PUNCT
gujaf-82	250	17	.	.	PUNCT
gujaf-82	251	1	capital	capital	NOUN
gujaf-82	251	2	market	market	NOUN
gujaf-82	251	3	and	and	CCONJ
gujaf-82	251	4	economic	economic	ADJ
gujaf-82	251	5	growth	growth	NOUN
gujaf-82	251	6	in	in	ADP
gujaf-82	251	7	nigeria	nigeria	PROPN
gujaf-82	251	8	.	.	PUNCT
gujaf-82	252	1	account	account	NOUN
gujaf-82	252	2	and	and	CCONJ
gujaf-82	252	3	financial	financial	ADJ
gujaf-82	252	4	management	management	NOUN
gujaf-82	252	5	journal	journal	NOUN
gujaf-82	252	6	,	,	PUNCT
gujaf-82	252	7	1(8	1(8	NUM
gujaf-82	252	8	):	):	PUNCT
gujaf-82	252	9	497	497	NUM
gujaf-82	252	10	-	-	SYM
gujaf-82	252	11	525	525	NUM
gujaf-82	252	12	.	.	PUNCT
gujaf-82	253	1	torruam	torruam	PROPN
gujaf-82	253	2	,	,	PUNCT
gujaf-82	253	3	j.t	j.t	PROPN
gujaf-82	253	4	.	.	PROPN
gujaf-82	253	5	,	,	PUNCT
gujaf-82	253	6	chiawa	chiawa	PROPN
gujaf-82	253	7	,	,	PUNCT
gujaf-82	253	8	m.a	m.a	PROPN
gujaf-82	253	9	.	.	PROPN
gujaf-82	253	10	,	,	PUNCT
gujaf-82	253	11	&	&	CCONJ
gujaf-82	253	12	abur	abur	PROPN
gujaf-82	253	13	,	,	PUNCT
gujaf-82	253	14	c.c	c.c	PROPN
gujaf-82	253	15	.	.	PROPN
gujaf-82	253	16	(	(	PUNCT
gujaf-82	253	17	2013	2013	NUM
gujaf-82	253	18	,	,	PUNCT
gujaf-82	253	19	april	april	PROPN
gujaf-82	253	20	29	29	NUM
gujaf-82	253	21	-	-	SYM
gujaf-82	253	22	30	30	NUM
gujaf-82	253	23	)	)	PUNCT
gujaf-82	253	24	.	.	PUNCT
gujaf-82	254	1	financial	financial	ADJ
gujaf-82	254	2	deepening	deepening	NOUN
gujaf-82	254	3	and	and	CCONJ
gujaf-82	254	4	economic	economic	ADJ
gujaf-82	254	5	growth	growth	NOUN
gujaf-82	254	6	in	in	ADP
gujaf-82	254	7	nigeria	nigeria	PROPN
gujaf-82	254	8	:	:	PUNCT
gujaf-82	254	9	an	an	DET
gujaf-82	254	10	application	application	NOUN
gujaf-82	254	11	of	of	ADP
gujaf-82	254	12	cointegration	cointegration	NOUN
gujaf-82	254	13	and	and	CCONJ
gujaf-82	254	14	causality	causality	NOUN
gujaf-82	254	15	analysis	analysis	NOUN
gujaf-82	254	16	(	(	PUNCT
gujaf-82	254	17	paper	paper	NOUN
gujaf-82	254	18	presentation	presentation	NOUN
gujaf-82	254	19	)	)	PUNCT
gujaf-82	254	20	.	.	PUNCT
gujaf-82	255	1	3rd	3rd	ADJ
gujaf-82	255	2	international	international	ADJ
gujaf-82	255	3	conference	conference	NOUN
gujaf-82	255	4	on	on	ADP
gujaf-82	255	5	intelligent	intelligent	ADJ
gujaf-82	255	6	computational	computational	ADJ
gujaf-82	255	7	systems	system	NOUN
gujaf-82	255	8	,	,	PUNCT
gujaf-82	255	9	singapore	singapore	PROPN
gujaf-82	255	10	.	.	PUNCT
gujaf-82	256	1	wanja	wanja	PROPN
gujaf-82	256	2	,	,	PUNCT
gujaf-82	256	3	m.	m.	NOUN
gujaf-82	256	4	a.	a.	NOUN
gujaf-82	256	5	(	(	PUNCT
gujaf-82	256	6	2017	2017	NUM
gujaf-82	256	7	)	)	PUNCT
gujaf-82	256	8	.	.	PUNCT
gujaf-82	257	1	financial	financial	ADJ
gujaf-82	257	2	deepening	deepening	NOUN
gujaf-82	257	3	and	and	CCONJ
gujaf-82	257	4	capital	capital	NOUN
gujaf-82	257	5	market	market	NOUN
gujaf-82	257	6	development	development	NOUN
gujaf-82	257	7	in	in	ADP
gujaf-82	257	8	kenya	kenya	PROPN
gujaf-82	257	9	.	.	PUNCT
gujaf-82	258	1	ph.d	ph.d	PROPN
gujaf-82	258	2	thesis	thesis	PROPN
gujaf-82	258	3	,	,	PUNCT
gujaf-82	258	4	kenyatta	kenyatta	PROPN
gujaf-82	258	5	university	university	PROPN
gujaf-82	258	6	.	.	PUNCT
gujaf-82	259	1	yusuf	yusuf	PROPN
gujaf-82	259	2	,	,	PUNCT
gujaf-82	259	3	i.	i.	PROPN
gujaf-82	259	4	a.	a.	PROPN
gujaf-82	259	5	,	,	PUNCT
gujaf-82	259	6	mesagan	mesagan	VERB
gujaf-82	259	7	,	,	PUNCT
gujaf-82	259	8	e.	e.	PROPN
gujaf-82	259	9	p.	p.	PROPN
gujaf-82	259	10	,	,	PUNCT
gujaf-82	259	11	&	&	CCONJ
gujaf-82	259	12	amadi	amadi	PROPN
gujaf-82	259	13	,	,	PUNCT
gujaf-82	259	14	a.	a.	NOUN
gujaf-82	259	15	n.	n.	PROPN
gujaf-82	259	16	(	(	PUNCT
gujaf-82	259	17	2020	2020	NUM
gujaf-82	259	18	)	)	PUNCT
gujaf-82	259	19	.	.	PUNCT
gujaf-82	260	1	effect	effect	NOUN
gujaf-82	260	2	of	of	ADP
gujaf-82	260	3	financial	financial	ADJ
gujaf-82	260	4	deepening	deepening	NOUN
gujaf-82	260	5	on	on	ADP
gujaf-82	260	6	stock	stock	NOUN
gujaf-82	260	7	market	market	NOUN
gujaf-82	260	8	returns	return	NOUN
gujaf-82	260	9	:	:	PUNCT
gujaf-82	260	10	the	the	DET
gujaf-82	260	11	case	case	NOUN
gujaf-82	260	12	of	of	ADP
gujaf-82	260	13	military	military	ADJ
gujaf-82	260	14	and	and	CCONJ
gujaf-82	260	15	democratic	democratic	ADJ
gujaf-82	260	16	post	post	ADJ
gujaf-82	260	17	-	-	ADJ
gujaf-82	260	18	sap	sap	ADJ
gujaf-82	260	19	regimes	regime	NOUN
gujaf-82	260	20	in	in	ADP
gujaf-82	260	21	nigeria	nigeria	PROPN
gujaf-82	260	22	.	.	PUNCT
gujaf-82	261	1	bizecons	bizecon	NOUN
gujaf-82	261	2	quarterly	quarterly	ADV
gujaf-82	261	3	,	,	PUNCT
gujaf-82	261	4	6	6	NUM
gujaf-82	261	5	,	,	PUNCT
gujaf-82	261	6	3	3	NUM
gujaf-82	261	7	-	-	SYM
gujaf-82	261	8	21	21	NUM
gujaf-82	261	9	.	.	PUNCT
gujaf-82	262	1	http://www.bequarterly.rysearch.com	http://www.bequarterly.rysearch.com	PROPN
gujaf-82	262	2	http://www.bequarterly.rysearch.com/	http://www.bequarterly.rysearch.com/	PROPN
gujaf-82	262	3	gusau	gusau	ADJ
gujaf-82	262	4	journal	journal	NOUN
gujaf-82	262	5	of	of	ADP
gujaf-82	262	6	accounting	accounting	NOUN
gujaf-82	262	7	and	and	CCONJ
gujaf-82	262	8	finance	finance	NOUN
gujaf-82	262	9	,	,	PUNCT
gujaf-82	262	10	vol	vol	NOUN
gujaf-82	262	11	.	.	PROPN
gujaf-82	262	12	2	2	NUM
gujaf-82	262	13	,	,	PUNCT
gujaf-82	262	14	issue	issue	NOUN
gujaf-82	262	15	2	2	NUM
gujaf-82	262	16	,	,	PUNCT
gujaf-82	262	17	april	april	PROPN
gujaf-82	262	18	,	,	PUNCT
gujaf-82	262	19	2021	2021	NUM
gujaf-82	262	20	14	14	NUM