id	sid	tid	token	lemma	pos
hi-55	1	1	f:\e\islamicus\2020\no	f:\e\islamicus\2020\no	NOUN
hi-55	1	2	.	.	PUNCT
hi-55	2	1	3\macroeconomic	3\macroeconomic	NUM
hi-55	2	2	indicators	indicator	NOUN
hi-55	2	3	contributing	contribute	VERB
hi-55	2	4	towards.pmd	towards.pmd	X
hi-55	2	5	hamdard	hamdard	ADJ
hi-55	2	6	islamicus	islamicus	NOUN
hi-55	2	7	vol	vol	NOUN
hi-55	2	8	.	.	PUNCT
hi-55	3	1	xliii	xliii	PROPN
hi-55	3	2	,	,	PUNCT
hi-55	3	3	no	no	INTJ
hi-55	3	4	.	.	NOUN
hi-55	3	5	3	3	NUM
hi-55	3	6	61	61	NUM
hi-55	3	7	macroeconomic	macroeconomic	ADJ
hi-55	3	8	indicators	indicator	NOUN
hi-55	3	9	contributing	contribute	VERB
hi-55	3	10	towards	towards	ADP
hi-55	3	11	exchange	exchange	NOUN
hi-55	3	12	rate	rate	NOUN
hi-55	3	13	volatility	volatility	NOUN
hi-55	3	14	:	:	PUNCT
hi-55	3	15	evidence	evidence	NOUN
hi-55	3	16	from	from	ADP
hi-55	3	17	income	income	NOUN
hi-55	3	18	groups	group	NOUN
hi-55	3	19	of	of	ADP
hi-55	3	20	the	the	DET
hi-55	3	21	countries	country	NOUN
hi-55	3	22	amjad	amjad	PROPN
hi-55	3	23	fakher	fakher	PROPN
hi-55	4	1	rana	rana	PROPN
hi-55	4	2	ejaz	ejaz	PROPN
hi-55	4	3	ali	ali	PROPN
hi-55	4	4	khan	khan	PROPN
hi-55	4	5	department	department	PROPN
hi-55	4	6	of	of	ADP
hi-55	4	7	economics	economic	NOUN
hi-55	4	8	,	,	PUNCT
hi-55	4	9	the	the	DET
hi-55	4	10	islamia	islamia	PROPN
hi-55	4	11	university	university	PROPN
hi-55	4	12	of	of	ADP
hi-55	4	13	bahawalpur	bahawalpur	PROPN
hi-55	4	14	,	,	PUNCT
hi-55	4	15	bahawalpur	bahawalpur	NOUN
hi-55	4	16	,	,	PUNCT
hi-55	4	17	pakistan	pakistan	PROPN
hi-55	4	18	.	.	PUNCT
hi-55	5	1	the	the	DET
hi-55	5	2	focus	focus	NOUN
hi-55	5	3	of	of	ADP
hi-55	5	4	the	the	DET
hi-55	5	5	study	study	NOUN
hi-55	5	6	is	be	AUX
hi-55	5	7	to	to	PART
hi-55	5	8	explore	explore	VERB
hi-55	5	9	the	the	DET
hi-55	5	10	macroeconomic	macroeconomic	ADJ
hi-55	5	11	factors	factor	NOUN
hi-55	5	12	contributing	contribute	VERB
hi-55	5	13	towards	towards	ADP
hi-55	5	14	exchange	exchange	NOUN
hi-55	5	15	rate	rate	NOUN
hi-55	5	16	volatility	volatility	NOUN
hi-55	5	17	in	in	ADP
hi-55	5	18	group	group	NOUN
hi-55	5	19	of	of	ADP
hi-55	5	20	economies	economy	NOUN
hi-55	5	21	segregated	segregate	VERB
hi-55	5	22	on	on	ADP
hi-55	5	23	the	the	DET
hi-55	5	24	basis	basis	NOUN
hi-55	5	25	of	of	ADP
hi-55	5	26	income	income	NOUN
hi-55	5	27	.	.	PUNCT
hi-55	6	1	further	further	ADJ
hi-55	6	2	analysis	analysis	NOUN
hi-55	6	3	is	be	AUX
hi-55	6	4	extended	extend	VERB
hi-55	6	5	to	to	PART
hi-55	6	6	identify	identify	VERB
hi-55	6	7	the	the	DET
hi-55	6	8	role	role	NOUN
hi-55	6	9	of	of	ADP
hi-55	6	10	underlying	underlie	VERB
hi-55	6	11	macroeconomic	macroeconomic	ADJ
hi-55	6	12	indicators	indicator	NOUN
hi-55	6	13	in	in	ADP
hi-55	6	14	explaining	explain	VERB
hi-55	6	15	the	the	DET
hi-55	6	16	exchange	exchange	NOUN
hi-55	6	17	rate	rate	NOUN
hi-55	6	18	behavior	behavior	NOUN
hi-55	6	19	at	at	ADP
hi-55	6	20	level	level	NOUN
hi-55	6	21	.	.	PUNCT
hi-55	7	1	the	the	DET
hi-55	7	2	panel	panel	NOUN
hi-55	7	3	ardl	ardl	NOUN
hi-55	7	4	cointegration	cointegration	NOUN
hi-55	7	5	and	and	CCONJ
hi-55	7	6	panel	panel	NOUN
hi-55	7	7	granger	granger	PROPN
hi-55	7	8	causality	causality	PROPN
hi-55	7	9	test	test	NOUN
hi-55	7	10	are	be	AUX
hi-55	7	11	employed	employ	VERB
hi-55	7	12	on	on	ADP
hi-55	7	13	annual	annual	ADJ
hi-55	7	14	data	datum	NOUN
hi-55	7	15	sets	set	NOUN
hi-55	7	16	for	for	ADP
hi-55	7	17	the	the	DET
hi-55	7	18	period	period	NOUN
hi-55	7	19	1995	1995	NUM
hi-55	7	20	-	-	SYM
hi-55	7	21	2015	2015	NUM
hi-55	7	22	.	.	PUNCT
hi-55	8	1	the	the	DET
hi-55	8	2	results	result	NOUN
hi-55	8	3	of	of	ADP
hi-55	8	4	the	the	DET
hi-55	8	5	separate	separate	ADJ
hi-55	8	6	analysis	analysis	NOUN
hi-55	8	7	have	have	AUX
hi-55	8	8	been	be	AUX
hi-55	8	9	compared	compare	VERB
hi-55	8	10	in	in	ADP
hi-55	8	11	first	first	ADJ
hi-55	8	12	place	place	NOUN
hi-55	8	13	on	on	ADP
hi-55	8	14	the	the	DET
hi-55	8	15	basis	basis	NOUN
hi-55	8	16	of	of	ADP
hi-55	8	17	determinants	determinant	NOUN
hi-55	8	18	of	of	ADP
hi-55	8	19	exchange	exchange	NOUN
hi-55	8	20	rate	rate	NOUN
hi-55	8	21	volatility	volatility	NOUN
hi-55	8	22	and	and	CCONJ
hi-55	8	23	the	the	DET
hi-55	8	24	determinants	determinant	NOUN
hi-55	8	25	of	of	ADP
hi-55	8	26	exchange	exchange	NOUN
hi-55	8	27	rate	rate	NOUN
hi-55	8	28	level	level	NOUN
hi-55	8	29	and	and	CCONJ
hi-55	8	30	secondly	secondly	ADV
hi-55	8	31	on	on	ADP
hi-55	8	32	the	the	DET
hi-55	8	33	basis	basis	NOUN
hi-55	8	34	of	of	ADP
hi-55	8	35	income	income	NOUN
hi-55	8	36	groups	group	NOUN
hi-55	8	37	of	of	ADP
hi-55	8	38	the	the	DET
hi-55	8	39	countries	country	NOUN
hi-55	8	40	(	(	PUNCT
hi-55	8	41	high	high	ADJ
hi-55	8	42	income	income	NOUN
hi-55	8	43	,	,	PUNCT
hi-55	8	44	middle	middle	ADJ
hi-55	8	45	income	income	NOUN
hi-55	8	46	and	and	CCONJ
hi-55	8	47	low	low	ADJ
hi-55	8	48	income	income	NOUN
hi-55	8	49	)	)	PUNCT
hi-55	8	50	.	.	PUNCT
hi-55	9	1	the	the	DET
hi-55	9	2	results	result	NOUN
hi-55	9	3	provide	provide	VERB
hi-55	9	4	the	the	DET
hi-55	9	5	evidence	evidence	NOUN
hi-55	9	6	that	that	PRON
hi-55	9	7	exchange	exchange	NOUN
hi-55	9	8	rate	rate	NOUN
hi-55	9	9	behaviour	behaviour	NOUN
hi-55	9	10	both	both	CCONJ
hi-55	9	11	in	in	ADP
hi-55	9	12	terms	term	NOUN
hi-55	9	13	of	of	ADP
hi-55	9	14	volatility	volatility	NOUN
hi-55	9	15	and	and	CCONJ
hi-55	9	16	at	at	ADP
hi-55	9	17	level	level	NOUN
hi-55	9	18	is	be	AUX
hi-55	9	19	entirely	entirely	ADV
hi-55	9	20	governed	govern	VERB
hi-55	9	21	by	by	ADP
hi-55	9	22	the	the	DET
hi-55	9	23	selected	select	VERB
hi-55	9	24	set	set	NOUN
hi-55	9	25	of	of	ADP
hi-55	9	26	macroeconomic	macroeconomic	ADJ
hi-55	9	27	indicators	indicator	NOUN
hi-55	9	28	in	in	ADP
hi-55	9	29	all	all	DET
hi-55	9	30	three	three	NUM
hi-55	9	31	panel	panel	NOUN
hi-55	9	32	data	datum	NOUN
hi-55	9	33	sets	set	NOUN
hi-55	9	34	.	.	PUNCT
hi-55	10	1	the	the	DET
hi-55	10	2	findings	finding	NOUN
hi-55	10	3	of	of	ADP
hi-55	10	4	the	the	DET
hi-55	10	5	study	study	NOUN
hi-55	10	6	validated	validate	VERB
hi-55	10	7	the	the	DET
hi-55	10	8	fundamentals	fundamental	NOUN
hi-55	10	9	based	base	VERB
hi-55	10	10	macroeconomic	macroeconomic	ADJ
hi-55	10	11	models	model	NOUN
hi-55	10	12	of	of	ADP
hi-55	10	13	exchange	exchange	NOUN
hi-55	10	14	rate	rate	NOUN
hi-55	10	15	determination	determination	NOUN
hi-55	10	16	and	and	CCONJ
hi-55	10	17	suggested	suggest	VERB
hi-55	10	18	that	that	SCONJ
hi-55	10	19	macroeconomic	macroeconomic	ADJ
hi-55	10	20	fundamentals	fundamental	NOUN
hi-55	10	21	played	play	VERB
hi-55	10	22	important	important	ADJ
hi-55	10	23	role	role	NOUN
hi-55	10	24	in	in	ADP
hi-55	10	25	derivation	derivation	NOUN
hi-55	10	26	of	of	ADP
hi-55	10	27	exchange	exchange	NOUN
hi-55	10	28	rate	rate	NOUN
hi-55	10	29	volatility	volatility	NOUN
hi-55	10	30	as	as	ADV
hi-55	10	31	well	well	ADV
hi-55	10	32	as	as	ADP
hi-55	10	33	exchange	exchange	NOUN
hi-55	10	34	rate	rate	NOUN
hi-55	10	35	level	level	NOUN
hi-55	10	36	.	.	PUNCT
hi-55	11	1	moreover	moreover	ADV
hi-55	11	2	response	response	NOUN
hi-55	11	3	of	of	ADP
hi-55	11	4	exchange	exchange	NOUN
hi-55	11	5	rate	rate	NOUN
hi-55	11	6	volatility	volatility	NOUN
hi-55	11	7	and	and	CCONJ
hi-55	11	8	exchange	exchange	NOUN
hi-55	11	9	rate	rate	NOUN
hi-55	11	10	level	level	NOUN
hi-55	11	11	to	to	ADP
hi-55	11	12	the	the	DET
hi-55	11	13	different	different	ADJ
hi-55	11	14	macroeconomic	macroeconomic	ADJ
hi-55	11	15	indicators	indicator	NOUN
hi-55	11	16	has	have	AUX
hi-55	11	17	been	be	AUX
hi-55	11	18	observed	observe	VERB
hi-55	11	19	very	very	ADV
hi-55	11	20	sensitive	sensitive	ADJ
hi-55	11	21	to	to	ADP
hi-55	11	22	the	the	DET
hi-55	11	23	income	income	NOUN
hi-55	11	24	level	level	NOUN
hi-55	11	25	of	of	ADP
hi-55	11	26	the	the	DET
hi-55	11	27	countries	country	NOUN
hi-55	11	28	.	.	PUNCT
hi-55	12	1	the	the	DET
hi-55	12	2	comparison	comparison	NOUN
hi-55	12	3	of	of	ADP
hi-55	12	4	the	the	DET
hi-55	12	5	factors	factor	NOUN
hi-55	12	6	of	of	ADP
hi-55	12	7	exchange	exchange	NOUN
hi-55	12	8	rate	rate	NOUN
hi-55	12	9	volatility	volatility	NOUN
hi-55	12	10	and	and	CCONJ
hi-55	12	11	exchange	exchange	NOUN
hi-55	12	12	rate	rate	NOUN
hi-55	12	13	level	level	NOUN
hi-55	12	14	will	will	AUX
hi-55	12	15	enhance	enhance	VERB
hi-55	12	16	exposure	exposure	NOUN
hi-55	12	17	about	about	ADP
hi-55	12	18	the	the	DET
hi-55	12	19	policies	policy	NOUN
hi-55	12	20	concerned	concern	VERB
hi-55	12	21	about	about	ADP
hi-55	12	22	exchange	exchange	NOUN
hi-55	12	23	rate	rate	NOUN
hi-55	12	24	behaviour	behaviour	NOUN
hi-55	12	25	.	.	PUNCT
hi-55	13	1	keywords	keyword	NOUN
hi-55	13	2	:	:	PUNCT
hi-55	13	3	exchange	exchange	NOUN
hi-55	13	4	rate	rate	NOUN
hi-55	13	5	,	,	PUNCT
hi-55	13	6	exchange	exchange	NOUN
hi-55	13	7	rate	rate	NOUN
hi-55	13	8	volatility	volatility	NOUN
hi-55	13	9	,	,	PUNCT
hi-55	13	10	macroeconomic	macroeconomic	ADJ
hi-55	13	11	indicators	indicator	NOUN
hi-55	13	12	,	,	PUNCT
hi-55	13	13	high	high	ADJ
hi-55	13	14	income	income	NOUN
hi-55	13	15	countries	country	NOUN
hi-55	13	16	,	,	PUNCT
hi-55	13	17	middle	middle	ADJ
hi-55	13	18	income	income	NOUN
hi-55	13	19	countries	country	NOUN
hi-55	13	20	,	,	PUNCT
hi-55	13	21	low	low	ADJ
hi-55	13	22	income	income	NOUN
hi-55	13	23	countries	country	NOUN
hi-55	13	24	,	,	PUNCT
hi-55	13	25	pmg	pmg	PROPN
hi-55	13	26	,	,	PUNCT
hi-55	13	27	panel	panel	NOUN
hi-55	13	28	granger	granger	PROPN
hi-55	13	29	causality	causality	PROPN
hi-55	13	30	jel	jel	PROPN
hi-55	13	31	codes	codes	PROPN
hi-55	13	32	f31	f31	PROPN
hi-55	13	33	,	,	PUNCT
hi-55	13	34	e31	e31	PROPN
hi-55	13	35	,	,	PUNCT
hi-55	13	36	e47	e47	PROPN
hi-55	13	37	,	,	PUNCT
hi-55	13	38	e01	e01	NOUN
hi-55	13	39	,	,	PUNCT
hi-55	13	40	n1	n1	NOUN
hi-55	13	41	62	62	NUM
hi-55	13	42	macroeconomics	macroeconomic	NOUN
hi-55	13	43	indicators	indicator	NOUN
hi-55	13	44	contributing	contribute	VERB
hi-55	13	45	...	...	PUNCT
hi-55	13	46	introduction	introduction	NOUN
hi-55	13	47	the	the	DET
hi-55	13	48	theoretical	theoretical	ADJ
hi-55	13	49	and	and	CCONJ
hi-55	13	50	empirical	empirical	ADJ
hi-55	13	51	literature	literature	NOUN
hi-55	13	52	asserted	assert	VERB
hi-55	13	53	on	on	ADP
hi-55	13	54	the	the	DET
hi-55	13	55	existence	existence	NOUN
hi-55	13	56	of	of	ADP
hi-55	13	57	linkages	linkage	NOUN
hi-55	13	58	between	between	ADP
hi-55	13	59	exchange	exchange	NOUN
hi-55	13	60	rate	rate	NOUN
hi-55	13	61	fluctuations	fluctuation	NOUN
hi-55	13	62	and	and	CCONJ
hi-55	13	63	fundamental	fundamental	ADJ
hi-55	13	64	macroeconomic	macroeconomic	ADJ
hi-55	13	65	indicators	indicator	NOUN
hi-55	13	66	.	.	PUNCT
hi-55	14	1	however	however	ADV
hi-55	14	2	as	as	ADP
hi-55	14	3	per	per	ADP
hi-55	14	4	research	research	NOUN
hi-55	14	5	literature	literature	NOUN
hi-55	14	6	the	the	DET
hi-55	14	7	role	role	NOUN
hi-55	14	8	of	of	ADP
hi-55	14	9	macroeconomic	macroeconomic	ADJ
hi-55	14	10	variables	variable	NOUN
hi-55	14	11	in	in	ADP
hi-55	14	12	determination	determination	NOUN
hi-55	14	13	of	of	ADP
hi-55	14	14	exchange	exchange	NOUN
hi-55	14	15	rate	rate	NOUN
hi-55	14	16	dynamics	dynamic	NOUN
hi-55	14	17	lacked	lack	VERB
hi-55	14	18	general	general	ADJ
hi-55	14	19	consensus	consensus	NOUN
hi-55	14	20	.	.	PUNCT
hi-55	15	1	moreover	moreover	ADV
hi-55	15	2	most	most	ADJ
hi-55	15	3	of	of	ADP
hi-55	15	4	the	the	DET
hi-55	15	5	previous	previous	ADJ
hi-55	15	6	research	research	NOUN
hi-55	15	7	had	have	AUX
hi-55	15	8	been	be	AUX
hi-55	15	9	devoted	devote	VERB
hi-55	15	10	to	to	PART
hi-55	15	11	determine	determine	VERB
hi-55	15	12	the	the	DET
hi-55	15	13	factors	factor	NOUN
hi-55	15	14	that	that	PRON
hi-55	15	15	explain	explain	VERB
hi-55	15	16	and	and	CCONJ
hi-55	15	17	forecast	forecast	NOUN
hi-55	15	18	exchange	exchange	NOUN
hi-55	15	19	rate	rate	NOUN
hi-55	15	20	equilibrium	equilibrium	NOUN
hi-55	15	21	at	at	ADP
hi-55	15	22	level	level	NOUN
hi-55	15	23	.	.	PUNCT
hi-55	16	1	however	however	ADV
hi-55	16	2	a	a	DET
hi-55	16	3	few	few	ADJ
hi-55	16	4	number	number	NOUN
hi-55	16	5	of	of	ADP
hi-55	16	6	studies	study	NOUN
hi-55	16	7	have	have	AUX
hi-55	16	8	tried	try	VERB
hi-55	16	9	to	to	PART
hi-55	16	10	investigate	investigate	VERB
hi-55	16	11	the	the	DET
hi-55	16	12	relationship	relationship	NOUN
hi-55	16	13	between	between	ADP
hi-55	16	14	exchange	exchange	NOUN
hi-55	16	15	rate	rate	NOUN
hi-55	16	16	volatility	volatility	NOUN
hi-55	16	17	and	and	CCONJ
hi-55	16	18	macroeconomic	macroeconomic	ADJ
hi-55	16	19	indicators	indicator	NOUN
hi-55	16	20	thus	thus	ADV
hi-55	16	21	it	it	PRON
hi-55	16	22	is	be	AUX
hi-55	16	23	relevant	relevant	ADJ
hi-55	16	24	to	to	PART
hi-55	16	25	see	see	VERB
hi-55	16	26	whether	whether	SCONJ
hi-55	16	27	volatility	volatility	NOUN
hi-55	16	28	in	in	ADP
hi-55	16	29	exchange	exchange	NOUN
hi-55	16	30	rates	rate	NOUN
hi-55	16	31	is	be	AUX
hi-55	16	32	just	just	ADV
hi-55	16	33	the	the	DET
hi-55	16	34	result	result	NOUN
hi-55	16	35	of	of	ADP
hi-55	16	36	overshooting	overshoot	VERB
hi-55	16	37	more	more	ADJ
hi-55	16	38	than	than	ADP
hi-55	16	39	the	the	DET
hi-55	16	40	changes	change	NOUN
hi-55	16	41	in	in	ADP
hi-55	16	42	the	the	DET
hi-55	16	43	macroeconomic	macroeconomic	ADJ
hi-55	16	44	fundamentals	fundamental	NOUN
hi-55	16	45	.	.	PUNCT
hi-55	17	1	the	the	DET
hi-55	17	2	theory	theory	NOUN
hi-55	17	3	has	have	AUX
hi-55	17	4	proposed	propose	VERB
hi-55	17	5	several	several	ADJ
hi-55	17	6	structural	structural	ADJ
hi-55	17	7	models	model	NOUN
hi-55	17	8	that	that	PRON
hi-55	17	9	assume	assume	VERB
hi-55	17	10	the	the	DET
hi-55	17	11	patrons	patron	NOUN
hi-55	17	12	of	of	ADP
hi-55	17	13	exchange	exchange	NOUN
hi-55	17	14	rate	rate	NOUN
hi-55	17	15	changes	change	NOUN
hi-55	17	16	affected	affect	VERB
hi-55	17	17	by	by	ADP
hi-55	17	18	macroeconomic	macroeconomic	ADJ
hi-55	17	19	indicators	indicator	NOUN
hi-55	17	20	like	like	ADP
hi-55	17	21	portfolio	portfolio	NOUN
hi-55	17	22	balance	balance	NOUN
hi-55	17	23	models	model	NOUN
hi-55	17	24	and	and	CCONJ
hi-55	17	25	monetary	monetary	ADJ
hi-55	17	26	exchange	exchange	NOUN
hi-55	17	27	rate	rate	NOUN
hi-55	17	28	models	model	NOUN
hi-55	17	29	.	.	PUNCT
hi-55	18	1	in	in	ADP
hi-55	18	2	this	this	DET
hi-55	18	3	respect	respect	NOUN
hi-55	18	4	most	most	ADV
hi-55	18	5	influential	influential	ADJ
hi-55	18	6	and	and	CCONJ
hi-55	18	7	mostly	mostly	ADV
hi-55	18	8	used	use	VERB
hi-55	18	9	exchange	exchange	NOUN
hi-55	18	10	rate	rate	NOUN
hi-55	18	11	models	model	NOUN
hi-55	18	12	are	be	AUX
hi-55	18	13	the	the	DET
hi-55	18	14	monetary	monetary	ADJ
hi-55	18	15	models	model	NOUN
hi-55	18	16	of	of	ADP
hi-55	18	17	the	the	DET
hi-55	18	18	exchange	exchange	NOUN
hi-55	18	19	rate	rate	NOUN
hi-55	18	20	determination	determination	NOUN
hi-55	18	21	that	that	PRON
hi-55	18	22	depend	depend	VERB
hi-55	18	23	on	on	ADP
hi-55	18	24	principle	principle	NOUN
hi-55	18	25	of	of	ADP
hi-55	18	26	interest	interest	NOUN
hi-55	18	27	rate	rate	NOUN
hi-55	18	28	parity	parity	NOUN
hi-55	18	29	and	and	CCONJ
hi-55	18	30	the	the	DET
hi-55	18	31	purchasing	purchase	VERB
hi-55	18	32	power	power	NOUN
hi-55	18	33	parity	parity	NOUN
hi-55	18	34	.	.	PUNCT
hi-55	19	1	the	the	DET
hi-55	19	2	models	model	NOUN
hi-55	19	3	which	which	PRON
hi-55	19	4	are	be	AUX
hi-55	19	5	designed	design	VERB
hi-55	19	6	to	to	PART
hi-55	19	7	forecast	forecast	VERB
hi-55	19	8	and	and	CCONJ
hi-55	19	9	estimate	estimate	VERB
hi-55	19	10	exchange	exchange	NOUN
hi-55	19	11	rate	rate	NOUN
hi-55	19	12	movements	movement	NOUN
hi-55	19	13	in	in	ADP
hi-55	19	14	relation	relation	NOUN
hi-55	19	15	to	to	ADP
hi-55	19	16	market	market	NOUN
hi-55	19	17	fundamentals	fundamental	NOUN
hi-55	19	18	are	be	AUX
hi-55	19	19	called	call	VERB
hi-55	19	20	fundamentals	fundamental	NOUN
hi-55	19	21	based	base	VERB
hi-55	19	22	exchange	exchange	NOUN
hi-55	19	23	rate	rate	NOUN
hi-55	19	24	models	model	NOUN
hi-55	19	25	.	.	PUNCT
hi-55	20	1	however	however	ADV
hi-55	20	2	,	,	PUNCT
hi-55	20	3	meese	meese	NOUN
hi-55	20	4	and	and	CCONJ
hi-55	20	5	rogoff	rogoff	NOUN
hi-55	20	6	(	(	PUNCT
hi-55	20	7	1983	1983	NUM
hi-55	20	8	)	)	PUNCT
hi-55	20	9	empirically	empirically	ADV
hi-55	20	10	established	establish	VERB
hi-55	20	11	that	that	SCONJ
hi-55	20	12	exchange	exchange	NOUN
hi-55	20	13	rate	rate	NOUN
hi-55	20	14	models	model	NOUN
hi-55	20	15	based	base	VERB
hi-55	20	16	on	on	ADP
hi-55	20	17	fundamental	fundamental	ADJ
hi-55	20	18	macroeconomic	macroeconomic	ADJ
hi-55	20	19	variables	variable	NOUN
hi-55	20	20	failed	fail	VERB
hi-55	20	21	to	to	PART
hi-55	20	22	outperform	outperform	VERB
hi-55	20	23	the	the	DET
hi-55	20	24	random	random	ADJ
hi-55	20	25	walk	walk	NOUN
hi-55	20	26	models	model	NOUN
hi-55	20	27	.	.	PUNCT
hi-55	21	1	the	the	DET
hi-55	21	2	missing	miss	VERB
hi-55	21	3	link	link	NOUN
hi-55	21	4	between	between	ADP
hi-55	21	5	exchange	exchange	NOUN
hi-55	21	6	rate	rate	NOUN
hi-55	21	7	and	and	CCONJ
hi-55	21	8	macroeconomic	macroeconomic	ADJ
hi-55	21	9	variables	variable	NOUN
hi-55	21	10	as	as	SCONJ
hi-55	21	11	identified	identify	VERB
hi-55	21	12	by	by	ADP
hi-55	21	13	meese	meese	PROPN
hi-55	21	14	and	and	CCONJ
hi-55	21	15	rogoff	rogoff	NOUN
hi-55	21	16	(	(	PUNCT
hi-55	21	17	1983	1983	NUM
hi-55	21	18	a	a	DET
hi-55	21	19	,	,	PUNCT
hi-55	21	20	b	b	NOUN
hi-55	21	21	)	)	PUNCT
hi-55	21	22	got	get	VERB
hi-55	21	23	fame	fame	NOUN
hi-55	21	24	in	in	ADP
hi-55	21	25	theory	theory	NOUN
hi-55	21	26	as	as	ADP
hi-55	21	27	exchange	exchange	NOUN
hi-55	21	28	rate	rate	NOUN
hi-55	21	29	disconnect	disconnect	PROPN
hi-55	21	30	puzzle	puzzle	NOUN
hi-55	21	31	.	.	PUNCT
hi-55	22	1	thus	thus	ADV
hi-55	22	2	,	,	PUNCT
hi-55	22	3	in	in	ADP
hi-55	22	4	any	any	DET
hi-55	22	5	case	case	NOUN
hi-55	22	6	it	it	PRON
hi-55	22	7	is	be	AUX
hi-55	22	8	worth	worth	ADJ
hi-55	22	9	mentioning	mention	VERB
hi-55	22	10	that	that	DET
hi-55	22	11	influence	influence	NOUN
hi-55	22	12	of	of	ADP
hi-55	22	13	macroeconomic	macroeconomic	ADJ
hi-55	22	14	indicators	indicator	NOUN
hi-55	22	15	on	on	ADP
hi-55	22	16	exchange	exchange	NOUN
hi-55	22	17	rate	rate	NOUN
hi-55	22	18	fluctuations	fluctuation	NOUN
hi-55	22	19	is	be	AUX
hi-55	22	20	undoubtedly	undoubtedly	ADV
hi-55	22	21	an	an	DET
hi-55	22	22	open	open	ADJ
hi-55	22	23	issue	issue	NOUN
hi-55	22	24	and	and	CCONJ
hi-55	22	25	controversial	controversial	ADJ
hi-55	22	26	as	as	ADV
hi-55	22	27	well	well	ADV
hi-55	22	28	.	.	PUNCT
hi-55	23	1	another	another	DET
hi-55	23	2	factor	factor	NOUN
hi-55	23	3	regarding	regard	VERB
hi-55	23	4	the	the	DET
hi-55	23	5	varying	vary	VERB
hi-55	23	6	results	result	NOUN
hi-55	23	7	in	in	ADP
hi-55	23	8	this	this	DET
hi-55	23	9	regard	regard	NOUN
hi-55	23	10	is	be	AUX
hi-55	23	11	that	that	SCONJ
hi-55	23	12	there	there	PRON
hi-55	23	13	exist	exist	VERB
hi-55	23	14	a	a	DET
hi-55	23	15	number	number	NOUN
hi-55	23	16	of	of	ADP
hi-55	23	17	approaches	approach	NOUN
hi-55	23	18	of	of	ADP
hi-55	23	19	exchange	exchange	NOUN
hi-55	23	20	rate	rate	NOUN
hi-55	23	21	determination	determination	NOUN
hi-55	23	22	which	which	PRON
hi-55	23	23	are	be	AUX
hi-55	23	24	suitable	suitable	ADJ
hi-55	23	25	in	in	ADP
hi-55	23	26	one	one	NUM
hi-55	23	27	way	way	NOUN
hi-55	23	28	and	and	CCONJ
hi-55	23	29	criticized	criticize	VERB
hi-55	23	30	in	in	ADP
hi-55	23	31	the	the	DET
hi-55	23	32	other	other	ADJ
hi-55	23	33	way	way	NOUN
hi-55	23	34	.	.	PUNCT
hi-55	24	1	exchange	exchange	NOUN
hi-55	24	2	rate	rate	NOUN
hi-55	24	3	as	as	ADP
hi-55	24	4	variable	variable	NOUN
hi-55	24	5	itself	itself	PRON
hi-55	24	6	is	be	AUX
hi-55	24	7	proxied	proxie	VERB
hi-55	24	8	by	by	ADP
hi-55	24	9	number	number	NOUN
hi-55	24	10	of	of	ADP
hi-55	24	11	ways	way	NOUN
hi-55	24	12	like	like	ADP
hi-55	24	13	in	in	ADP
hi-55	24	14	real	real	ADJ
hi-55	24	15	terms	term	NOUN
hi-55	24	16	,	,	PUNCT
hi-55	24	17	nominal	nominal	ADJ
hi-55	24	18	terms	term	NOUN
hi-55	24	19	,	,	PUNCT
hi-55	24	20	in	in	ADP
hi-55	24	21	terms	term	NOUN
hi-55	24	22	of	of	ADP
hi-55	24	23	volatility	volatility	NOUN
hi-55	24	24	,	,	PUNCT
hi-55	24	25	as	as	ADP
hi-55	24	26	ratio	ratio	NOUN
hi-55	24	27	of	of	ADP
hi-55	24	28	domestic	domestic	ADJ
hi-55	24	29	currency	currency	NOUN
hi-55	24	30	to	to	ADP
hi-55	24	31	foreign	foreign	ADJ
hi-55	24	32	currency	currency	NOUN
hi-55	24	33	,	,	PUNCT
hi-55	24	34	as	as	ADP
hi-55	24	35	ratio	ratio	NOUN
hi-55	24	36	of	of	ADP
hi-55	24	37	foreign	foreign	ADJ
hi-55	24	38	currency	currency	NOUN
hi-55	24	39	to	to	ADP
hi-55	24	40	domestic	domestic	ADJ
hi-55	24	41	currency	currency	NOUN
hi-55	24	42	.	.	PUNCT
hi-55	25	1	withal	withal	NOUN
hi-55	25	2	,	,	PUNCT
hi-55	25	3	selection	selection	NOUN
hi-55	25	4	of	of	ADP
hi-55	25	5	macroeconomic	macroeconomic	ADJ
hi-55	25	6	variables	variable	NOUN
hi-55	25	7	in	in	ADP
hi-55	25	8	this	this	DET
hi-55	25	9	respect	respect	NOUN
hi-55	25	10	varies	vary	VERB
hi-55	25	11	(	(	PUNCT
hi-55	25	12	ricci	ricci	PROPN
hi-55	25	13	et	et	PROPN
hi-55	25	14	al	al	PROPN
hi-55	25	15	.	.	PROPN
hi-55	25	16	,	,	PUNCT
hi-55	25	17	2013	2013	NUM
hi-55	25	18	;	;	PUNCT
hi-55	25	19	rapetti	rapetti	NOUN
hi-55	25	20	,	,	PUNCT
hi-55	25	21	skott	skott	PROPN
hi-55	25	22	&	&	CCONJ
hi-55	25	23	razmi	razmi	PROPN
hi-55	25	24	,	,	PUNCT
hi-55	25	25	2012	2012	NUM
hi-55	25	26	;	;	PUNCT
hi-55	25	27	ojo	ojo	PROPN
hi-55	25	28	&	&	CCONJ
hi-55	25	29	allege	allege	NOUN
hi-55	25	30	,	,	PUNCT
hi-55	25	31	2014	2014	NUM
hi-55	25	32	)	)	PUNCT
hi-55	25	33	.	.	PUNCT
hi-55	26	1	the	the	DET
hi-55	26	2	selection	selection	NOUN
hi-55	26	3	of	of	ADP
hi-55	26	4	macroeconomic	macroeconomic	ADJ
hi-55	26	5	variable	variable	NOUN
hi-55	26	6	in	in	ADP
hi-55	26	7	first	first	ADJ
hi-55	26	8	place	place	NOUN
hi-55	26	9	depend	depend	VERB
hi-55	26	10	on	on	ADP
hi-55	26	11	the	the	DET
hi-55	26	12	theory	theory	NOUN
hi-55	26	13	,	,	PUNCT
hi-55	26	14	secondly	secondly	ADV
hi-55	26	15	on	on	ADP
hi-55	26	16	the	the	DET
hi-55	26	17	model	model	NOUN
hi-55	26	18	selection	selection	NOUN
hi-55	26	19	(	(	PUNCT
hi-55	26	20	model	model	NOUN
hi-55	26	21	being	be	AUX
hi-55	26	22	selected	select	VERB
hi-55	26	23	for	for	ADP
hi-55	26	24	analysis	analysis	NOUN
hi-55	26	25	)	)	PUNCT
hi-55	26	26	and	and	CCONJ
hi-55	26	27	finally	finally	ADV
hi-55	26	28	on	on	ADP
hi-55	26	29	the	the	DET
hi-55	26	30	area	area	NOUN
hi-55	26	31	of	of	ADP
hi-55	26	32	study	study	NOUN
hi-55	26	33	.	.	PUNCT
hi-55	27	1	besides	besides	SCONJ
hi-55	27	2	all	all	PRON
hi-55	27	3	of	of	ADP
hi-55	27	4	this	this	PRON
hi-55	27	5	the	the	DET
hi-55	27	6	main	main	ADJ
hi-55	27	7	matter	matter	NOUN
hi-55	27	8	of	of	ADP
hi-55	27	9	hamdard	hamdard	ADJ
hi-55	27	10	islamicus	islamicus	NOUN
hi-55	27	11	vol	vol	NOUN
hi-55	27	12	.	.	PUNCT
hi-55	27	13	xliii	xliii	PROPN
hi-55	27	14	,	,	PUNCT
hi-55	27	15	no	no	INTJ
hi-55	27	16	.	.	NOUN
hi-55	27	17	3	3	NUM
hi-55	27	18	63	63	NUM
hi-55	27	19	research	research	NOUN
hi-55	27	20	remained	remain	VERB
hi-55	27	21	confined	confine	VERB
hi-55	27	22	to	to	ADP
hi-55	27	23	the	the	DET
hi-55	27	24	question	question	NOUN
hi-55	27	25	that	that	PRON
hi-55	27	26	which	which	DET
hi-55	27	27	macroeconomic	macroeconomic	ADJ
hi-55	27	28	variables	variable	NOUN
hi-55	27	29	drive	drive	VERB
hi-55	27	30	exchange	exchange	NOUN
hi-55	27	31	rate	rate	NOUN
hi-55	27	32	behaviour	behaviour	NOUN
hi-55	27	33	.	.	PUNCT
hi-55	28	1	in	in	ADP
hi-55	28	2	this	this	DET
hi-55	28	3	context	context	NOUN
hi-55	28	4	the	the	DET
hi-55	28	5	current	current	ADJ
hi-55	28	6	study	study	NOUN
hi-55	28	7	is	be	AUX
hi-55	28	8	aimed	aim	VERB
hi-55	28	9	at	at	ADP
hi-55	28	10	investigating	investigate	VERB
hi-55	28	11	the	the	DET
hi-55	28	12	determinants	determinant	NOUN
hi-55	28	13	of	of	ADP
hi-55	28	14	exchange	exchange	NOUN
hi-55	28	15	rate	rate	NOUN
hi-55	28	16	volatility	volatility	NOUN
hi-55	28	17	and	and	CCONJ
hi-55	28	18	exchange	exchange	NOUN
hi-55	28	19	rate	rate	NOUN
hi-55	28	20	level	level	NOUN
hi-55	28	21	for	for	ADP
hi-55	28	22	panel	panel	NOUN
hi-55	28	23	data	datum	NOUN
hi-55	28	24	sets	set	NOUN
hi-55	28	25	of	of	ADP
hi-55	28	26	advanced	advanced	ADJ
hi-55	28	27	countries	country	NOUN
hi-55	28	28	and	and	CCONJ
hi-55	28	29	least	least	ADJ
hi-55	28	30	developed	develop	VERB
hi-55	28	31	countries	country	NOUN
hi-55	28	32	.	.	PUNCT
hi-55	29	1	the	the	DET
hi-55	29	2	study	study	NOUN
hi-55	29	3	will	will	AUX
hi-55	29	4	contribute	contribute	VERB
hi-55	29	5	to	to	ADP
hi-55	29	6	the	the	DET
hi-55	29	7	empirical	empirical	ADJ
hi-55	29	8	literature	literature	NOUN
hi-55	29	9	by	by	ADP
hi-55	29	10	incorporating	incorporate	VERB
hi-55	29	11	the	the	DET
hi-55	29	12	exchange	exchange	NOUN
hi-55	29	13	rate	rate	NOUN
hi-55	29	14	volatility	volatility	NOUN
hi-55	29	15	to	to	ADP
hi-55	29	16	the	the	DET
hi-55	29	17	conventional	conventional	ADJ
hi-55	29	18	open	open	ADJ
hi-55	29	19	economy	economy	NOUN
hi-55	29	20	macroeconomic	macroeconomic	ADJ
hi-55	29	21	models	model	NOUN
hi-55	29	22	of	of	ADP
hi-55	29	23	exchange	exchange	NOUN
hi-55	29	24	rate	rate	NOUN
hi-55	29	25	determination	determination	NOUN
hi-55	29	26	.	.	PUNCT
hi-55	30	1	moreover	moreover	ADV
hi-55	30	2	,	,	PUNCT
hi-55	30	3	it	it	PRON
hi-55	30	4	will	will	AUX
hi-55	30	5	try	try	VERB
hi-55	30	6	to	to	PART
hi-55	30	7	fill	fill	VERB
hi-55	30	8	the	the	DET
hi-55	30	9	research	research	NOUN
hi-55	30	10	gap	gap	NOUN
hi-55	30	11	regarding	regard	VERB
hi-55	30	12	comparative	comparative	ADJ
hi-55	30	13	analysis	analysis	NOUN
hi-55	30	14	of	of	ADP
hi-55	30	15	the	the	DET
hi-55	30	16	determinants	determinant	NOUN
hi-55	30	17	of	of	ADP
hi-55	30	18	exchange	exchange	NOUN
hi-55	30	19	rate	rate	NOUN
hi-55	30	20	volatility	volatility	NOUN
hi-55	30	21	and	and	CCONJ
hi-55	30	22	determinants	determinant	NOUN
hi-55	30	23	of	of	ADP
hi-55	30	24	exchange	exchange	NOUN
hi-55	30	25	rate	rate	NOUN
hi-55	30	26	level	level	NOUN
hi-55	30	27	in	in	ADP
hi-55	30	28	cross	cross	NOUN
hi-55	30	29	country	country	NOUN
hi-55	30	30	perspective	perspective	NOUN
hi-55	30	31	.	.	PUNCT
hi-55	31	1	further	far	ADV
hi-55	31	2	the	the	DET
hi-55	31	3	econometric	econometric	ADJ
hi-55	31	4	issues	issue	NOUN
hi-55	31	5	regarding	regard	VERB
hi-55	31	6	application	application	NOUN
hi-55	31	7	of	of	ADP
hi-55	31	8	panel	panel	NOUN
hi-55	31	9	data	datum	NOUN
hi-55	31	10	methodology	methodology	NOUN
hi-55	31	11	have	have	AUX
hi-55	31	12	been	be	AUX
hi-55	31	13	tried	try	VERB
hi-55	31	14	to	to	PART
hi-55	31	15	overcome	overcome	VERB
hi-55	31	16	by	by	ADP
hi-55	31	17	application	application	NOUN
hi-55	31	18	of	of	ADP
hi-55	31	19	multiple	multiple	ADJ
hi-55	31	20	methodologies	methodology	NOUN
hi-55	31	21	with	with	ADP
hi-55	31	22	different	different	ADJ
hi-55	31	23	econometrical	econometrical	ADJ
hi-55	31	24	assumptions	assumption	NOUN
hi-55	31	25	.	.	PUNCT
hi-55	32	1	literature	literature	NOUN
hi-55	32	2	review	review	VERB
hi-55	32	3	most	most	ADJ
hi-55	32	4	of	of	ADP
hi-55	32	5	the	the	DET
hi-55	32	6	theoretical	theoretical	ADJ
hi-55	32	7	and	and	CCONJ
hi-55	32	8	empirical	empirical	ADJ
hi-55	32	9	literature	literature	NOUN
hi-55	32	10	regarding	regard	VERB
hi-55	32	11	exchange	exchange	NOUN
hi-55	32	12	rate	rate	NOUN
hi-55	32	13	behavior	behavior	NOUN
hi-55	32	14	is	be	AUX
hi-55	32	15	subject	subject	ADJ
hi-55	32	16	to	to	PART
hi-55	32	17	determine	determine	VERB
hi-55	32	18	the	the	DET
hi-55	32	19	macroeconomic	macroeconomic	ADJ
hi-55	32	20	fundamentals	fundamental	NOUN
hi-55	32	21	of	of	ADP
hi-55	32	22	exchange	exchange	NOUN
hi-55	32	23	rate	rate	NOUN
hi-55	32	24	level	level	NOUN
hi-55	32	25	.	.	PUNCT
hi-55	33	1	it	it	PRON
hi-55	33	2	has	have	AUX
hi-55	33	3	created	create	VERB
hi-55	33	4	a	a	DET
hi-55	33	5	kind	kind	NOUN
hi-55	33	6	of	of	ADP
hi-55	33	7	research	research	NOUN
hi-55	33	8	gap	gap	NOUN
hi-55	33	9	in	in	ADP
hi-55	33	10	investigating	investigate	VERB
hi-55	33	11	the	the	DET
hi-55	33	12	underlying	underlying	ADJ
hi-55	33	13	variables	variable	NOUN
hi-55	33	14	which	which	PRON
hi-55	33	15	influence	influence	VERB
hi-55	33	16	the	the	DET
hi-55	33	17	exchange	exchange	NOUN
hi-55	33	18	rate	rate	NOUN
hi-55	33	19	volatility	volatility	NOUN
hi-55	33	20	.	.	PUNCT
hi-55	34	1	generally	generally	ADV
hi-55	34	2	the	the	DET
hi-55	34	3	empirical	empirical	ADJ
hi-55	34	4	research	research	NOUN
hi-55	34	5	regarding	regard	VERB
hi-55	34	6	exchange	exchange	NOUN
hi-55	34	7	rate	rate	NOUN
hi-55	34	8	behaviour	behaviour	NOUN
hi-55	34	9	can	can	AUX
hi-55	34	10	be	be	AUX
hi-55	34	11	divided	divide	VERB
hi-55	34	12	into	into	ADP
hi-55	34	13	three	three	NUM
hi-55	34	14	major	major	ADJ
hi-55	34	15	categories	category	NOUN
hi-55	34	16	with	with	ADP
hi-55	34	17	respect	respect	NOUN
hi-55	34	18	to	to	ADP
hi-55	34	19	application	application	NOUN
hi-55	34	20	of	of	ADP
hi-55	34	21	different	different	ADJ
hi-55	34	22	approaches	approach	NOUN
hi-55	34	23	of	of	ADP
hi-55	34	24	exchange	exchange	NOUN
hi-55	34	25	rate	rate	NOUN
hi-55	34	26	determination	determination	NOUN
hi-55	34	27	.	.	PUNCT
hi-55	35	1	in	in	ADP
hi-55	35	2	first	first	ADJ
hi-55	35	3	place	place	NOUN
hi-55	35	4	there	there	ADV
hi-55	35	5	come	come	VERB
hi-55	35	6	empirical	empirical	ADJ
hi-55	35	7	studies	study	NOUN
hi-55	35	8	that	that	PRON
hi-55	35	9	have	have	AUX
hi-55	35	10	applied	apply	VERB
hi-55	35	11	monetary	monetary	ADJ
hi-55	35	12	models	model	NOUN
hi-55	35	13	.	.	PUNCT
hi-55	36	1	these	these	DET
hi-55	36	2	studies	study	NOUN
hi-55	36	3	used	use	VERB
hi-55	36	4	monetary	monetary	ADJ
hi-55	36	5	fundamentals	fundamental	NOUN
hi-55	36	6	as	as	ADP
hi-55	36	7	the	the	DET
hi-55	36	8	factors	factor	NOUN
hi-55	36	9	of	of	ADP
hi-55	36	10	exchange	exchange	NOUN
hi-55	36	11	rate	rate	NOUN
hi-55	36	12	level	level	NOUN
hi-55	36	13	(	(	PUNCT
hi-55	36	14	frenkel	frenkel	NOUN
hi-55	36	15	,	,	PUNCT
hi-55	36	16	1976	1976	NUM
hi-55	36	17	;	;	PUNCT
hi-55	36	18	hodrick,1978	hodrick,1978	PROPN
hi-55	36	19	;	;	PUNCT
hi-55	36	20	bilson	bilson	PROPN
hi-55	36	21	,	,	PUNCT
hi-55	36	22	1978	1978	NUM
hi-55	36	23	)	)	PUNCT
hi-55	36	24	.	.	PUNCT
hi-55	37	1	second	second	ADJ
hi-55	37	2	stream	stream	NOUN
hi-55	37	3	of	of	ADP
hi-55	37	4	empirical	empirical	ADJ
hi-55	37	5	studies	study	NOUN
hi-55	37	6	applied	apply	VERB
hi-55	37	7	optimum	optimum	ADJ
hi-55	37	8	currency	currency	NOUN
hi-55	37	9	areas	area	NOUN
hi-55	37	10	in	in	ADP
hi-55	37	11	a	a	DET
hi-55	37	12	way	way	NOUN
hi-55	37	13	that	that	PRON
hi-55	37	14	these	these	DET
hi-55	37	15	studies	study	NOUN
hi-55	37	16	incorporate	incorporate	VERB
hi-55	37	17	trade	trade	NOUN
hi-55	37	18	linkages	linkage	NOUN
hi-55	37	19	,	,	PUNCT
hi-55	37	20	economic	economic	ADJ
hi-55	37	21	shocks	shock	NOUN
hi-55	37	22	to	to	PART
hi-55	37	23	output	output	VERB
hi-55	37	24	,	,	PUNCT
hi-55	37	25	geographical	geographical	ADJ
hi-55	37	26	factors	factor	NOUN
hi-55	37	27	and	and	CCONJ
hi-55	37	28	country	country	NOUN
hi-55	37	29	size	size	NOUN
hi-55	37	30	as	as	ADP
hi-55	37	31	the	the	DET
hi-55	37	32	determinants	determinant	NOUN
hi-55	37	33	of	of	ADP
hi-55	37	34	exchange	exchange	NOUN
hi-55	37	35	rate	rate	NOUN
hi-55	37	36	level	level	NOUN
hi-55	37	37	(	(	PUNCT
hi-55	37	38	aydin	aydin	NOUN
hi-55	37	39	,	,	PUNCT
hi-55	37	40	2010	2010	NUM
hi-55	37	41	;	;	PUNCT
hi-55	37	42	prabheesh	prabheesh	NOUN
hi-55	37	43	,	,	PUNCT
hi-55	37	44	malathy	malathy	ADJ
hi-55	37	45	&	&	CCONJ
hi-55	37	46	madhumathi	madhumathi	PROPN
hi-55	37	47	,	,	PUNCT
hi-55	37	48	2007	2007	NUM
hi-55	37	49	;	;	PUNCT
hi-55	37	50	rapach	rapach	PROPN
hi-55	37	51	&	&	CCONJ
hi-55	37	52	wohar	wohar	PROPN
hi-55	37	53	,	,	PUNCT
hi-55	37	54	2002	2002	NUM
hi-55	37	55	)	)	PUNCT
hi-55	37	56	.	.	PUNCT
hi-55	38	1	respectively	respectively	ADV
hi-55	38	2	,	,	PUNCT
hi-55	38	3	third	third	ADJ
hi-55	38	4	category	category	NOUN
hi-55	38	5	of	of	ADP
hi-55	38	6	studies	study	NOUN
hi-55	38	7	used	use	VERB
hi-55	38	8	new	new	ADJ
hi-55	38	9	open	open	ADJ
hi-55	38	10	economy	economy	NOUN
hi-55	38	11	macroeconomic	macroeconomic	ADJ
hi-55	38	12	theory	theory	NOUN
hi-55	38	13	wherein	wherein	SCONJ
hi-55	38	14	monetary	monetary	ADJ
hi-55	38	15	and	and	CCONJ
hi-55	38	16	non	non	ADJ
hi-55	38	17	-	-	ADJ
hi-55	38	18	monetary	monetary	ADJ
hi-55	38	19	indicators	indicator	NOUN
hi-55	38	20	are	be	AUX
hi-55	38	21	modeled	model	VERB
hi-55	38	22	to	to	PART
hi-55	38	23	estimate	estimate	VERB
hi-55	38	24	the	the	DET
hi-55	38	25	exchange	exchange	NOUN
hi-55	38	26	rate	rate	NOUN
hi-55	38	27	changes	change	NOUN
hi-55	38	28	(	(	PUNCT
hi-55	38	29	engel	engel	PROPN
hi-55	38	30	&	&	CCONJ
hi-55	38	31	west	west	PROPN
hi-55	38	32	,	,	PUNCT
hi-55	38	33	2005	2005	NUM
hi-55	38	34	;	;	PUNCT
hi-55	38	35	kearney	kearney	PROPN
hi-55	38	36	&	&	CCONJ
hi-55	38	37	macdonald	macdonald	PROPN
hi-55	38	38	,	,	PUNCT
hi-55	38	39	1990	1990	NUM
hi-55	38	40	;	;	PUNCT
hi-55	38	41	mark	mark	PROPN
hi-55	38	42	&	&	CCONJ
hi-55	38	43	sul	sul	PROPN
hi-55	38	44	,	,	PUNCT
hi-55	38	45	2001	2001	NUM
hi-55	38	46	)	)	PUNCT
hi-55	38	47	.	.	PUNCT
hi-55	39	1	by	by	ADP
hi-55	39	2	the	the	DET
hi-55	39	3	time	time	NOUN
hi-55	39	4	as	as	ADP
hi-55	39	5	concept	concept	NOUN
hi-55	39	6	of	of	ADP
hi-55	39	7	variance	variance	NOUN
hi-55	39	8	of	of	ADP
hi-55	39	9	exchange	exchange	NOUN
hi-55	39	10	rate	rate	NOUN
hi-55	39	11	is	be	AUX
hi-55	39	12	getting	get	VERB
hi-55	39	13	weightage	weightage	NOUN
hi-55	39	14	the	the	DET
hi-55	39	15	researchers	researcher	NOUN
hi-55	39	16	has	have	AUX
hi-55	39	17	shifted	shift	VERB
hi-55	39	18	their	their	PRON
hi-55	39	19	attention	attention	NOUN
hi-55	39	20	to	to	PART
hi-55	39	21	measure	measure	VERB
hi-55	39	22	the	the	DET
hi-55	39	23	elements	element	NOUN
hi-55	39	24	contributing	contribute	VERB
hi-55	39	25	towards	towards	ADP
hi-55	39	26	volatility	volatility	NOUN
hi-55	39	27	.	.	PUNCT
hi-55	40	1	however	however	ADV
hi-55	40	2	,	,	PUNCT
hi-55	40	3	literature	literature	NOUN
hi-55	40	4	has	have	AUX
hi-55	40	5	identified	identify	VERB
hi-55	40	6	a	a	DET
hi-55	40	7	wide	wide	ADJ
hi-55	40	8	range	range	NOUN
hi-55	40	9	of	of	ADP
hi-55	40	10	factors	factor	NOUN
hi-55	40	11	of	of	ADP
hi-55	40	12	determination	determination	NOUN
hi-55	40	13	of	of	ADP
hi-55	40	14	exchange	exchange	NOUN
hi-55	40	15	rate	rate	NOUN
hi-55	40	16	by	by	ADP
hi-55	40	17	varying	vary	VERB
hi-55	40	18	techniques	technique	NOUN
hi-55	40	19	,	,	PUNCT
hi-55	40	20	using	use	VERB
hi-55	40	21	different	different	ADJ
hi-55	40	22	kinds	kind	NOUN
hi-55	40	23	of	of	ADP
hi-55	40	24	data	datum	NOUN
hi-55	40	25	sets	set	NOUN
hi-55	40	26	for	for	ADP
hi-55	40	27	different	different	ADJ
hi-55	40	28	economies	economy	NOUN
hi-55	40	29	and	and	CCONJ
hi-55	40	30	group	group	NOUN
hi-55	40	31	of	of	ADP
hi-55	40	32	economies	economy	NOUN
hi-55	40	33	.	.	PUNCT
hi-55	41	1	for	for	ADP
hi-55	41	2	64	64	NUM
hi-55	41	3	macroeconomics	macroeconomic	NOUN
hi-55	41	4	indicators	indicator	NOUN
hi-55	41	5	contributing	contribute	VERB
hi-55	41	6	...	...	PUNCT
hi-55	41	7	instance	instance	NOUN
hi-55	41	8	,	,	PUNCT
hi-55	41	9	per	per	ADP
hi-55	41	10	capita	capita	X
hi-55	41	11	gdp	gdp	NOUN
hi-55	41	12	(	(	PUNCT
hi-55	41	13	cakrani	cakrani	PROPN
hi-55	41	14	et	et	PROPN
hi-55	41	15	al	al	PROPN
hi-55	41	16	.	.	PROPN
hi-55	41	17	,	,	PUNCT
hi-55	41	18	2013	2013	NUM
hi-55	41	19	)	)	PUNCT
hi-55	41	20	,	,	PUNCT
hi-55	41	21	net	net	ADJ
hi-55	41	22	oil	oil	NOUN
hi-55	41	23	trade	trade	NOUN
hi-55	41	24	(	(	PUNCT
hi-55	41	25	aydin	aydin	NOUN
hi-55	41	26	,	,	PUNCT
hi-55	41	27	2010	2010	NUM
hi-55	41	28	)	)	PUNCT
hi-55	41	29	,	,	PUNCT
hi-55	41	30	trade	trade	NOUN
hi-55	41	31	(	(	PUNCT
hi-55	41	32	choudhri	choudhri	PROPN
hi-55	41	33	&	&	CCONJ
hi-55	41	34	khan	khan	PROPN
hi-55	41	35	,	,	PUNCT
hi-55	41	36	2005	2005	NUM
hi-55	41	37	;	;	PUNCT
hi-55	41	38	canzoneri	canzoneri	NOUN
hi-55	41	39	,	,	PUNCT
hi-55	41	40	cumby	cumby	PROPN
hi-55	41	41	&	&	CCONJ
hi-55	41	42	diba	diba	PROPN
hi-55	41	43	,	,	PUNCT
hi-55	41	44	1999	1999	NUM
hi-55	41	45	;	;	PUNCT
hi-55	41	46	ricci	ricci	PROPN
hi-55	41	47	et	et	PROPN
hi-55	41	48	al	al	PROPN
hi-55	41	49	.	.	PROPN
hi-55	41	50	,	,	PUNCT
hi-55	41	51	2013	2013	NUM
hi-55	41	52	)	)	PUNCT
hi-55	41	53	,	,	PUNCT
hi-55	41	54	population	population	NOUN
hi-55	41	55	growth	growth	NOUN
hi-55	41	56	(	(	PUNCT
hi-55	41	57	aydin	aydin	NOUN
hi-55	41	58	,	,	PUNCT
hi-55	41	59	2010	2010	NUM
hi-55	41	60	)	)	PUNCT
hi-55	41	61	,	,	PUNCT
hi-55	41	62	remittances	remittance	NOUN
hi-55	41	63	(	(	PUNCT
hi-55	41	64	vitek	vitek	NOUN
hi-55	41	65	,	,	PUNCT
hi-55	41	66	2009	2009	NUM
hi-55	41	67	;	;	PUNCT
hi-55	41	68	aydin	aydin	VERB
hi-55	41	69	,	,	PUNCT
hi-55	41	70	2010	2010	NUM
hi-55	41	71	)	)	PUNCT
hi-55	41	72	,	,	PUNCT
hi-55	41	73	trade	trade	NOUN
hi-55	41	74	openness	openness	NOUN
hi-55	41	75	(	(	PUNCT
hi-55	41	76	cakrani	cakrani	PROPN
hi-55	41	77	et	et	PROPN
hi-55	41	78	al	al	PROPN
hi-55	41	79	.	.	PROPN
hi-55	41	80	,	,	PUNCT
hi-55	41	81	2013	2013	NUM
hi-55	41	82	;	;	PUNCT
hi-55	41	83	aydin	aydin	NOUN
hi-55	41	84	,	,	PUNCT
hi-55	41	85	2010	2010	NUM
hi-55	41	86	)	)	PUNCT
hi-55	41	87	,	,	PUNCT
hi-55	41	88	foreign	foreign	ADJ
hi-55	41	89	aid	aid	NOUN
hi-55	41	90	(	(	PUNCT
hi-55	41	91	aydin	aydin	NOUN
hi-55	41	92	,	,	PUNCT
hi-55	41	93	2010	2010	NUM
hi-55	41	94	)	)	PUNCT
hi-55	41	95	,	,	PUNCT
hi-55	41	96	government	government	NOUN
hi-55	41	97	expenditures	expenditure	NOUN
hi-55	41	98	(	(	PUNCT
hi-55	41	99	mcpherson	mcpherson	PROPN
hi-55	41	100	&	&	CCONJ
hi-55	41	101	rakovski	rakovski	PROPN
hi-55	41	102	,	,	PUNCT
hi-55	41	103	1998	1998	NUM
hi-55	41	104	;	;	PUNCT
hi-55	41	105	ricci	ricci	PROPN
hi-55	41	106	et	et	PROPN
hi-55	41	107	al	al	PROPN
hi-55	41	108	.	.	PROPN
hi-55	41	109	,	,	PUNCT
hi-55	41	110	2013	2013	NUM
hi-55	41	111	)	)	PUNCT
hi-55	41	112	,	,	PUNCT
hi-55	41	113	price	price	NOUN
hi-55	41	114	controls	control	NOUN
hi-55	41	115	(	(	PUNCT
hi-55	41	116	ricci	ricci	PROPN
hi-55	41	117	et	et	PROPN
hi-55	41	118	al	al	PROPN
hi-55	41	119	.	.	PROPN
hi-55	41	120	,	,	PUNCT
hi-55	41	121	2013	2013	NUM
hi-55	41	122	)	)	PUNCT
hi-55	41	123	,	,	PUNCT
hi-55	41	124	net	net	ADJ
hi-55	41	125	foeign	foeign	NOUN
hi-55	41	126	assets	asset	NOUN
hi-55	41	127	(	(	PUNCT
hi-55	41	128	vitek	vitek	NOUN
hi-55	41	129	,	,	PUNCT
hi-55	41	130	2009	2009	NUM
hi-55	41	131	;	;	PUNCT
hi-55	41	132	ricci	ricci	PROPN
hi-55	41	133	et	et	PROPN
hi-55	41	134	al	al	PROPN
hi-55	41	135	.	.	PROPN
hi-55	41	136	,	,	PUNCT
hi-55	41	137	2013	2013	NUM
hi-55	41	138	;	;	PUNCT
hi-55	41	139	aydin	aydin	NOUN
hi-55	41	140	,	,	PUNCT
hi-55	41	141	2010	2010	NUM
hi-55	41	142	)	)	PUNCT
hi-55	41	143	,	,	PUNCT
hi-55	41	144	fiscal	fiscal	ADJ
hi-55	41	145	imbalance	imbalance	NOUN
hi-55	41	146	(	(	PUNCT
hi-55	41	147	aydin	aydin	NOUN
hi-55	41	148	,	,	PUNCT
hi-55	41	149	2010	2010	NUM
hi-55	41	150	)	)	PUNCT
hi-55	41	151	,	,	PUNCT
hi-55	41	152	money	money	NOUN
hi-55	41	153	supply	supply	NOUN
hi-55	41	154	(	(	PUNCT
hi-55	41	155	kandil	kandil	NOUN
hi-55	41	156	&	&	CCONJ
hi-55	41	157	mirzaie	mirzaie	PROPN
hi-55	41	158	,	,	PUNCT
hi-55	41	159	2005	2005	NUM
hi-55	41	160	)	)	PUNCT
hi-55	41	161	,	,	PUNCT
hi-55	41	162	foreign	foreign	ADJ
hi-55	41	163	direct	direct	ADJ
hi-55	41	164	investment	investment	NOUN
hi-55	41	165	(	(	PUNCT
hi-55	41	166	christiansen	christiansen	PROPN
hi-55	41	167	,	,	PUNCT
hi-55	41	168	prati	prati	PROPN
hi-55	41	169	,	,	PUNCT
hi-55	41	170	ricci	ricci	PROPN
hi-55	41	171	&	&	CCONJ
hi-55	41	172	tressel	tressel	PROPN
hi-55	41	173	,	,	PUNCT
hi-55	41	174	2009	2009	NUM
hi-55	41	175	;	;	PUNCT
hi-55	41	176	ojo	ojo	PROPN
hi-55	41	177	&	&	CCONJ
hi-55	41	178	allege	allege	NOUN
hi-55	41	179	,	,	PUNCT
hi-55	41	180	2014	2014	NUM
hi-55	41	181	)	)	PUNCT
hi-55	41	182	,	,	PUNCT
hi-55	41	183	foreign	foreign	ADJ
hi-55	41	184	assets	asset	NOUN
hi-55	41	185	(	(	PUNCT
hi-55	41	186	christopoulos	christopoulo	NOUN
hi-55	41	187	et	et	PROPN
hi-55	41	188	al	al	PROPN
hi-55	41	189	.	.	PROPN
hi-55	41	190	,	,	PUNCT
hi-55	41	191	2012	2012	NUM
hi-55	41	192	;	;	PUNCT
hi-55	41	193	ricci	ricci	PROPN
hi-55	41	194	et	et	PROPN
hi-55	41	195	al	al	PROPN
hi-55	41	196	.	.	PROPN
hi-55	41	197	,	,	PUNCT
hi-55	41	198	2013	2013	NUM
hi-55	41	199	)	)	PUNCT
hi-55	41	200	,	,	PUNCT
hi-55	41	201	inflation	inflation	NOUN
hi-55	41	202	(	(	PUNCT
hi-55	41	203	ramasamy	ramasamy	NOUN
hi-55	41	204	&	&	CCONJ
hi-55	41	205	abar	abar	PROPN
hi-55	41	206	,	,	PUNCT
hi-55	41	207	2015	2015	NUM
hi-55	41	208	;	;	PUNCT
hi-55	41	209	ojo	ojo	PROPN
hi-55	41	210	&	&	CCONJ
hi-55	41	211	allege	allege	NOUN
hi-55	41	212	,	,	PUNCT
hi-55	41	213	2014	2014	NUM
hi-55	41	214	)	)	PUNCT
hi-55	41	215	,	,	PUNCT
hi-55	41	216	imports	import	NOUN
hi-55	41	217	(	(	PUNCT
hi-55	41	218	benetrix	benetrix	NOUN
hi-55	41	219	&	&	CCONJ
hi-55	41	220	lane	lane	PROPN
hi-55	41	221	,	,	PUNCT
hi-55	41	222	2013	2013	NUM
hi-55	41	223	;	;	PUNCT
hi-55	41	224	kemal	kemal	PROPN
hi-55	41	225	&	&	CCONJ
hi-55	41	226	qadir	qadir	PROPN
hi-55	41	227	,	,	PUNCT
hi-55	41	228	2005	2005	NUM
hi-55	41	229	)	)	PUNCT
hi-55	41	230	;	;	PUNCT
hi-55	41	231	exports	export	NOUN
hi-55	41	232	(	(	PUNCT
hi-55	41	233	kemal	kemal	PROPN
hi-55	41	234	&	&	CCONJ
hi-55	41	235	qadir	qadir	PROPN
hi-55	41	236	,	,	PUNCT
hi-55	41	237	2005	2005	NUM
hi-55	41	238	)	)	PUNCT
hi-55	41	239	and	and	CCONJ
hi-55	41	240	financial	financial	ADJ
hi-55	41	241	sector	sector	NOUN
hi-55	41	242	development	development	NOUN
hi-55	41	243	(	(	PUNCT
hi-55	41	244	stavarek	stavarek	NOUN
hi-55	41	245	&	&	CCONJ
hi-55	41	246	maglietti	maglietti	PROPN
hi-55	41	247	,	,	PUNCT
hi-55	41	248	2015	2015	NUM
hi-55	41	249	)	)	PUNCT
hi-55	41	250	.	.	PUNCT
hi-55	42	1	similarly	similarly	ADV
hi-55	42	2	,	,	PUNCT
hi-55	42	3	the	the	DET
hi-55	42	4	macroeconomic	macroeconomic	ADJ
hi-55	42	5	indicators	indicator	NOUN
hi-55	42	6	affecting	affect	VERB
hi-55	42	7	the	the	DET
hi-55	42	8	volatility	volatility	NOUN
hi-55	42	9	of	of	ADP
hi-55	42	10	exchange	exchange	NOUN
hi-55	42	11	rate	rate	NOUN
hi-55	42	12	have	have	AUX
hi-55	42	13	been	be	AUX
hi-55	42	14	analyzed	analyze	VERB
hi-55	42	15	and	and	CCONJ
hi-55	42	16	identified	identify	VERB
hi-55	42	17	by	by	ADP
hi-55	42	18	a	a	DET
hi-55	42	19	number	number	NOUN
hi-55	42	20	of	of	ADP
hi-55	42	21	studies	study	NOUN
hi-55	42	22	.	.	PUNCT
hi-55	43	1	they	they	PRON
hi-55	43	2	include	include	VERB
hi-55	43	3	national	national	ADJ
hi-55	43	4	output	output	NOUN
hi-55	43	5	(	(	PUNCT
hi-55	43	6	calderon	calderon	NOUN
hi-55	43	7	,	,	PUNCT
hi-55	43	8	2004	2004	NUM
hi-55	43	9	)	)	PUNCT
hi-55	43	10	,	,	PUNCT
hi-55	43	11	gdp	gdp	NOUN
hi-55	43	12	(	(	PUNCT
hi-55	43	13	azeez	azeez	PROPN
hi-55	43	14	,	,	PUNCT
hi-55	43	15	kolapo	kolapo	PROPN
hi-55	43	16	&	&	CCONJ
hi-55	43	17	ajayi	ajayi	PROPN
hi-55	43	18	,	,	PUNCT
hi-55	43	19	2012	2012	NUM
hi-55	43	20	)	)	PUNCT
hi-55	43	21	,	,	PUNCT
hi-55	43	22	economic	economic	ADJ
hi-55	43	23	growth	growth	NOUN
hi-55	43	24	(	(	PUNCT
hi-55	43	25	ebaidalla	ebaidalla	NOUN
hi-55	43	26	,	,	PUNCT
hi-55	43	27	2014	2014	NUM
hi-55	43	28	;	;	PUNCT
hi-55	43	29	arratibel	arratibel	PROPN
hi-55	43	30	et	et	PROPN
hi-55	43	31	al	al	PROPN
hi-55	43	32	.	.	PROPN
hi-55	43	33	,	,	PUNCT
hi-55	43	34	2011	2011	NUM
hi-55	43	35	)	)	PUNCT
hi-55	43	36	,	,	PUNCT
hi-55	43	37	financial	financial	ADJ
hi-55	43	38	openness	openness	NOUN
hi-55	43	39	(	(	PUNCT
hi-55	43	40	calderon	calderon	NOUN
hi-55	43	41	,	,	PUNCT
hi-55	43	42	2004	2004	NUM
hi-55	43	43	)	)	PUNCT
hi-55	43	44	,	,	PUNCT
hi-55	43	45	money	money	NOUN
hi-55	43	46	supply	supply	NOUN
hi-55	43	47	(	(	PUNCT
hi-55	43	48	bobai	bobai	NOUN
hi-55	43	49	et	et	PROPN
hi-55	43	50	al	al	PROPN
hi-55	43	51	.	.	PROPN
hi-55	43	52	,	,	PUNCT
hi-55	43	53	2013	2013	NUM
hi-55	43	54	)	)	PUNCT
hi-55	43	55	,	,	PUNCT
hi-55	43	56	monetary	monetary	ADJ
hi-55	43	57	aggregates	aggregate	NOUN
hi-55	43	58	(	(	PUNCT
hi-55	43	59	calderon	calderon	NOUN
hi-55	43	60	,	,	PUNCT
hi-55	43	61	2004	2004	NUM
hi-55	43	62	)	)	PUNCT
hi-55	43	63	,	,	PUNCT
hi-55	43	64	central	central	ADJ
hi-55	43	65	bank	bank	NOUN
hi-55	43	66	independence	independence	NOUN
hi-55	43	67	(	(	PUNCT
hi-55	43	68	hau	hau	NOUN
hi-55	43	69	,	,	PUNCT
hi-55	43	70	2002	2002	NUM
hi-55	43	71	)	)	PUNCT
hi-55	43	72	,	,	PUNCT
hi-55	43	73	foreign	foreign	ADJ
hi-55	43	74	direct	direct	ADJ
hi-55	43	75	investment	investment	NOUN
hi-55	43	76	(	(	PUNCT
hi-55	43	77	khraiche	khraiche	PROPN
hi-55	43	78	&	&	CCONJ
hi-55	43	79	gaudette	gaudette	PROPN
hi-55	43	80	,	,	PUNCT
hi-55	43	81	2013	2013	NUM
hi-55	43	82	;	;	PUNCT
hi-55	43	83	bobai	bobai	PROPN
hi-55	43	84	et	et	PROPN
hi-55	43	85	al	al	PROPN
hi-55	43	86	.	.	PROPN
hi-55	43	87	,	,	PUNCT
hi-55	43	88	2013	2013	NUM
hi-55	43	89	)	)	PUNCT
hi-55	43	90	,	,	PUNCT
hi-55	43	91	government	government	NOUN
hi-55	43	92	expenditures	expenditure	NOUN
hi-55	43	93	(	(	PUNCT
hi-55	43	94	calderon	calderon	NOUN
hi-55	43	95	,	,	PUNCT
hi-55	43	96	2004	2004	NUM
hi-55	43	97	)	)	PUNCT
hi-55	43	98	,	,	PUNCT
hi-55	43	99	current	current	ADJ
hi-55	43	100	account	account	NOUN
hi-55	43	101	deficit	deficit	NOUN
hi-55	43	102	(	(	PUNCT
hi-55	43	103	bobai	bobai	NOUN
hi-55	43	104	et	et	PROPN
hi-55	43	105	al	al	PROPN
hi-55	43	106	.	.	PROPN
hi-55	43	107	,	,	PUNCT
hi-55	43	108	2013	2013	NUM
hi-55	43	109	)	)	PUNCT
hi-55	43	110	,	,	PUNCT
hi-55	43	111	terms	term	NOUN
hi-55	43	112	of	of	ADP
hi-55	43	113	trade	trade	NOUN
hi-55	43	114	(	(	PUNCT
hi-55	43	115	rapetti	rapetti	NOUN
hi-55	43	116	et	et	NOUN
hi-55	43	117	al	al	PROPN
hi-55	43	118	.	.	PROPN
hi-55	43	119	,	,	PUNCT
hi-55	43	120	2012	2012	NUM
hi-55	43	121	;	;	PUNCT
hi-55	43	122	calderon	calderon	NOUN
hi-55	43	123	,	,	PUNCT
hi-55	43	124	2004	2004	NUM
hi-55	43	125	)	)	PUNCT
hi-55	43	126	,	,	PUNCT
hi-55	43	127	trade	trade	NOUN
hi-55	43	128	openness	openness	NOUN
hi-55	43	129	(	(	PUNCT
hi-55	43	130	hau	hau	NOUN
hi-55	43	131	,	,	PUNCT
hi-55	43	132	2002	2002	NUM
hi-55	43	133	;	;	PUNCT
hi-55	43	134	calderon	calderon	NOUN
hi-55	43	135	,	,	PUNCT
hi-55	43	136	2004	2004	NUM
hi-55	43	137	;	;	PUNCT
hi-55	43	138	ebaidalla	ebaidalla	NOUN
hi-55	43	139	,	,	PUNCT
hi-55	43	140	2014	2014	NUM
hi-55	43	141	)	)	PUNCT
hi-55	43	142	,	,	PUNCT
hi-55	43	143	exports	export	NOUN
hi-55	43	144	(	(	PUNCT
hi-55	43	145	khan	khan	PROPN
hi-55	43	146	et	et	PROPN
hi-55	43	147	al	al	PROPN
hi-55	43	148	.	.	PROPN
hi-55	43	149	,	,	PUNCT
hi-55	43	150	2014	2014	NUM
hi-55	43	151	;	;	PUNCT
hi-55	43	152	zakaria	zakaria	PROPN
hi-55	43	153	,	,	PUNCT
hi-55	43	154	2013	2013	NUM
hi-55	43	155	)	)	PUNCT
hi-55	43	156	,	,	PUNCT
hi-55	43	157	imports	import	NOUN
hi-55	43	158	(	(	PUNCT
hi-55	43	159	khan	khan	PROPN
hi-55	43	160	et	et	PROPN
hi-55	43	161	al	al	PROPN
hi-55	43	162	.	.	PROPN
hi-55	43	163	,	,	PUNCT
hi-55	43	164	2014	2014	NUM
hi-55	43	165	)	)	PUNCT
hi-55	43	166	revolution	revolution	NOUN
hi-55	43	167	and	and	CCONJ
hi-55	43	168	coups	coup	NOUN
hi-55	43	169	(	(	PUNCT
hi-55	43	170	hau	hau	NOUN
hi-55	43	171	,	,	PUNCT
hi-55	43	172	2002	2002	NUM
hi-55	43	173	)	)	PUNCT
hi-55	43	174	,	,	PUNCT
hi-55	43	175	volatility	volatility	NOUN
hi-55	43	176	in	in	ADP
hi-55	43	177	exports	export	NOUN
hi-55	43	178	(	(	PUNCT
hi-55	43	179	supaat	supaat	PROPN
hi-55	43	180	,	,	PUNCT
hi-55	43	181	jiun	jiun	PROPN
hi-55	43	182	,	,	PUNCT
hi-55	43	183	tiong	tiong	PROPN
hi-55	43	184	&	&	CCONJ
hi-55	43	185	robinson	robinson	PROPN
hi-55	43	186	,	,	PUNCT
hi-55	43	187	2003	2003	NUM
hi-55	43	188	)	)	PUNCT
hi-55	43	189	,	,	PUNCT
hi-55	43	190	volatility	volatility	NOUN
hi-55	43	191	in	in	ADP
hi-55	43	192	imports	import	NOUN
hi-55	43	193	(	(	PUNCT
hi-55	43	194	supaat	supaat	PROPN
hi-55	43	195	et	et	PROPN
hi-55	43	196	al	al	PROPN
hi-55	43	197	.	.	PROPN
hi-55	43	198	,	,	PUNCT
hi-55	43	199	2003	2003	NUM
hi-55	43	200	)	)	PUNCT
hi-55	43	201	,	,	PUNCT
hi-55	43	202	volatility	volatility	NOUN
hi-55	43	203	in	in	ADP
hi-55	43	204	money	money	NOUN
hi-55	43	205	supply	supply	NOUN
hi-55	43	206	(	(	PUNCT
hi-55	43	207	supaat	supaat	NOUN
hi-55	43	208	et	et	PROPN
hi-55	43	209	al	al	PROPN
hi-55	43	210	.	.	PROPN
hi-55	43	211	,	,	PUNCT
hi-55	43	212	2003	2003	NUM
hi-55	43	213	;	;	PUNCT
hi-55	43	214	morana	morana	NOUN
hi-55	43	215	,	,	PUNCT
hi-55	43	216	2009	2009	NUM
hi-55	43	217	)	)	PUNCT
hi-55	43	218	,	,	PUNCT
hi-55	43	219	volatility	volatility	NOUN
hi-55	43	220	in	in	ADP
hi-55	43	221	output	output	NOUN
hi-55	43	222	(	(	PUNCT
hi-55	43	223	supaat	supaat	PROPN
hi-55	43	224	et	et	PROPN
hi-55	43	225	al	al	PROPN
hi-55	43	226	.	.	PROPN
hi-55	43	227	,	,	PUNCT
hi-55	43	228	2003	2003	NUM
hi-55	43	229	;	;	PUNCT
hi-55	43	230	morana	morana	NOUN
hi-55	43	231	,	,	PUNCT
hi-55	43	232	2009	2009	NUM
hi-55	43	233	)	)	PUNCT
hi-55	43	234	,	,	PUNCT
hi-55	43	235	volatility	volatility	NOUN
hi-55	43	236	in	in	ADP
hi-55	43	237	interbank	interbank	NOUN
hi-55	43	238	rate	rate	NOUN
hi-55	43	239	(	(	PUNCT
hi-55	43	240	supaat	supaat	PROPN
hi-55	43	241	et	et	PROPN
hi-55	43	242	al	al	PROPN
hi-55	43	243	.	.	PROPN
hi-55	43	244	,	,	PUNCT
hi-55	43	245	2003	2003	NUM
hi-55	43	246	)	)	PUNCT
hi-55	43	247	,	,	PUNCT
hi-55	43	248	volatility	volatility	NOUN
hi-55	43	249	in	in	ADP
hi-55	43	250	inflation	inflation	NOUN
hi-55	43	251	(	(	PUNCT
hi-55	43	252	morana	morana	ADJ
hi-55	43	253	,	,	PUNCT
hi-55	43	254	2009	2009	NUM
hi-55	43	255	)	)	PUNCT
hi-55	43	256	,	,	PUNCT
hi-55	43	257	credit	credit	NOUN
hi-55	43	258	(	(	PUNCT
hi-55	43	259	bobai	bobai	NOUN
hi-55	43	260	et	et	PROPN
hi-55	43	261	al	al	PROPN
hi-55	43	262	.	.	PROPN
hi-55	43	263	,	,	PUNCT
hi-55	43	264	2013	2013	NUM
hi-55	43	265	)	)	PUNCT
hi-55	43	266	exchange	exchange	NOUN
hi-55	43	267	rate	rate	NOUN
hi-55	43	268	regimes	regime	NOUN
hi-55	43	269	(	(	PUNCT
hi-55	43	270	calderon	calderon	NOUN
hi-55	43	271	,	,	PUNCT
hi-55	43	272	2004	2004	NUM
hi-55	43	273	)	)	PUNCT
hi-55	43	274	,	,	PUNCT
hi-55	43	275	exchange	exchange	NOUN
hi-55	43	276	rate	rate	NOUN
hi-55	43	277	commitments	commitment	NOUN
hi-55	43	278	(	(	PUNCT
hi-55	43	279	hau	hau	NOUN
hi-55	43	280	,	,	PUNCT
hi-55	43	281	2002	2002	NUM
hi-55	43	282	)	)	PUNCT
hi-55	43	283	and	and	CCONJ
hi-55	43	284	inflation	inflation	NOUN
hi-55	43	285	(	(	PUNCT
hi-55	43	286	rapetti	rapetti	NOUN
hi-55	43	287	et	et	NOUN
hi-55	43	288	al	al	PROPN
hi-55	43	289	.	.	PROPN
hi-55	43	290	,	,	PUNCT
hi-55	43	291	2012	2012	NUM
hi-55	43	292	;	;	PUNCT
hi-55	43	293	bobai	bobai	PROPN
hi-55	43	294	et	et	PROPN
hi-55	43	295	al	al	PROPN
hi-55	43	296	.	.	PROPN
hi-55	43	297	,	,	PUNCT
hi-55	43	298	2013	2013	NUM
hi-55	43	299	)	)	PUNCT
hi-55	43	300	.	.	PUNCT
hi-55	44	1	a	a	DET
hi-55	44	2	number	number	NOUN
hi-55	44	3	of	of	ADP
hi-55	44	4	studies	study	NOUN
hi-55	44	5	have	have	AUX
hi-55	44	6	given	give	VERB
hi-55	44	7	the	the	DET
hi-55	44	8	evidence	evidence	NOUN
hi-55	44	9	that	that	SCONJ
hi-55	44	10	there	there	PRON
hi-55	44	11	exist	exist	VERB
hi-55	44	12	the	the	DET
hi-55	44	13	bi	bi	ADJ
hi-55	44	14	-	-	ADJ
hi-55	44	15	directional	directional	ADJ
hi-55	44	16	causality	causality	NOUN
hi-55	44	17	relationship	relationship	NOUN
hi-55	44	18	between	between	ADP
hi-55	44	19	exchange	exchange	NOUN
hi-55	44	20	rate	rate	NOUN
hi-55	44	21	volatility	volatility	NOUN
hi-55	44	22	and	and	CCONJ
hi-55	44	23	macroeconomic	macroeconomic	ADJ
hi-55	44	24	indicators	indicator	NOUN
hi-55	44	25	.	.	PUNCT
hi-55	45	1	morana	morana	PROPN
hi-55	45	2	(	(	PUNCT
hi-55	45	3	2009	2009	NUM
hi-55	45	4	)	)	PUNCT
hi-55	45	5	found	find	VERB
hi-55	45	6	bi	bi	ADJ
hi-55	45	7	-	-	ADJ
hi-55	45	8	directional	directional	ADJ
hi-55	45	9	causality	causality	NOUN
hi-55	45	10	between	between	ADP
hi-55	45	11	exchange	exchange	NOUN
hi-55	45	12	rate	rate	NOUN
hi-55	45	13	volatility	volatility	NOUN
hi-55	45	14	and	and	CCONJ
hi-55	45	15	volatility	volatility	NOUN
hi-55	45	16	in	in	ADP
hi-55	45	17	output	output	NOUN
hi-55	45	18	,	,	PUNCT
hi-55	45	19	volatility	volatility	NOUN
hi-55	45	20	in	in	ADP
hi-55	45	21	inflation	inflation	NOUN
hi-55	45	22	and	and	CCONJ
hi-55	45	23	volatility	volatility	NOUN
hi-55	45	24	in	in	ADP
hi-55	45	25	aggregate	aggregate	ADJ
hi-55	45	26	demand	demand	NOUN
hi-55	45	27	.	.	PUNCT
hi-55	46	1	giannellis	giannellis	PROPN
hi-55	46	2	and	and	CCONJ
hi-55	46	3	papadopoulos	papadopoulos	PROPN
hi-55	46	4	(	(	PUNCT
hi-55	46	5	2011	2011	NUM
hi-55	46	6	)	)	PUNCT
hi-55	46	7	observed	observe	VERB
hi-55	46	8	bi	bi	ADJ
hi-55	46	9	-	-	ADJ
hi-55	46	10	directional	directional	ADJ
hi-55	46	11	causality	causality	NOUN
hi-55	46	12	between	between	ADP
hi-55	46	13	exchange	exchange	NOUN
hi-55	46	14	rate	rate	NOUN
hi-55	46	15	volatility	volatility	NOUN
hi-55	46	16	and	and	CCONJ
hi-55	46	17	interest	interest	NOUN
hi-55	46	18	rate	rate	NOUN
hi-55	46	19	differentials	differential	NOUN
hi-55	46	20	.	.	PUNCT
hi-55	47	1	arize	arize	VERB
hi-55	47	2	et	et	PROPN
hi-55	47	3	al	al	PROPN
hi-55	47	4	.	.	PROPN
hi-55	48	1	(	(	PUNCT
hi-55	48	2	2000	2000	NUM
hi-55	48	3	)	)	PUNCT
hi-55	48	4	found	find	VERB
hi-55	48	5	bi	bi	ADJ
hi-55	48	6	-	-	ADJ
hi-55	48	7	directional	directional	ADJ
hi-55	48	8	causality	causality	NOUN
hi-55	48	9	between	between	ADP
hi-55	48	10	exchange	exchange	NOUN
hi-55	48	11	rate	rate	NOUN
hi-55	48	12	volatility	volatility	NOUN
hi-55	48	13	and	and	CCONJ
hi-55	48	14	exports	export	NOUN
hi-55	48	15	.	.	PUNCT
hi-55	49	1	mahmood	mahmood	PROPN
hi-55	49	2	,	,	PUNCT
hi-55	49	3	ehsanullah	ehsanullah	ADJ
hi-55	49	4	and	and	CCONJ
hi-55	49	5	hamdard	hamdard	ADJ
hi-55	49	6	islamicus	islamicus	NOUN
hi-55	49	7	vol	vol	NOUN
hi-55	49	8	.	.	PUNCT
hi-55	50	1	xliii	xliii	PROPN
hi-55	50	2	,	,	PUNCT
hi-55	50	3	no	no	INTJ
hi-55	50	4	.	.	NOUN
hi-55	50	5	3	3	NUM
hi-55	50	6	65	65	NUM
hi-55	50	7	ahmed	ahme	VERB
hi-55	50	8	(	(	PUNCT
hi-55	50	9	2011	2011	NUM
hi-55	50	10	)	)	PUNCT
hi-55	50	11	observed	observe	VERB
hi-55	50	12	bi	bi	ADJ
hi-55	50	13	-	-	ADJ
hi-55	50	14	directional	directional	ADJ
hi-55	50	15	causality	causality	NOUN
hi-55	50	16	between	between	ADP
hi-55	50	17	exchange	exchange	NOUN
hi-55	50	18	rate	rate	NOUN
hi-55	50	19	volatility	volatility	NOUN
hi-55	50	20	and	and	CCONJ
hi-55	50	21	public	public	ADJ
hi-55	50	22	investment	investment	NOUN
hi-55	50	23	.	.	PUNCT
hi-55	51	1	dlamini	dlamini	PROPN
hi-55	51	2	(	(	PUNCT
hi-55	51	3	2014	2014	NUM
hi-55	51	4	)	)	PUNCT
hi-55	51	5	observed	observe	VERB
hi-55	51	6	inflation	inflation	NOUN
hi-55	51	7	cause	cause	VERB
hi-55	51	8	exchange	exchange	NOUN
hi-55	51	9	rate	rate	NOUN
hi-55	51	10	volatility	volatility	NOUN
hi-55	51	11	.	.	PUNCT
hi-55	52	1	azid	azid	PROPN
hi-55	52	2	,	,	PUNCT
hi-55	52	3	jamil	jamil	PROPN
hi-55	52	4	,	,	PUNCT
hi-55	52	5	kousar	kousar	PROPN
hi-55	52	6	and	and	CCONJ
hi-55	52	7	kemal	kemal	PROPN
hi-55	52	8	(	(	PUNCT
hi-55	52	9	2005	2005	NUM
hi-55	52	10	)	)	PUNCT
hi-55	52	11	observed	observe	VERB
hi-55	52	12	bi	bi	ADJ
hi-55	52	13	-	-	ADJ
hi-55	52	14	directional	directional	ADJ
hi-55	52	15	causality	causality	NOUN
hi-55	52	16	between	between	ADP
hi-55	52	17	real	real	ADJ
hi-55	52	18	exchange	exchange	NOUN
hi-55	52	19	rate	rate	NOUN
hi-55	52	20	and	and	CCONJ
hi-55	52	21	economic	economic	ADJ
hi-55	52	22	growth	growth	NOUN
hi-55	52	23	.	.	PUNCT
hi-55	53	1	ojo	ojo	NOUN
hi-55	53	2	and	and	CCONJ
hi-55	53	3	allege	allege	NOUN
hi-55	53	4	(	(	PUNCT
hi-55	53	5	2014	2014	NUM
hi-55	53	6	)	)	PUNCT
hi-55	53	7	observed	observe	VERB
hi-55	53	8	bi	bi	ADJ
hi-55	53	9	-	-	ADJ
hi-55	53	10	directional	directional	ADJ
hi-55	53	11	causality	causality	NOUN
hi-55	53	12	between	between	ADP
hi-55	53	13	nominal	nominal	ADJ
hi-55	53	14	exchange	exchange	NOUN
hi-55	53	15	rate	rate	NOUN
hi-55	53	16	and	and	CCONJ
hi-55	53	17	trade	trade	NOUN
hi-55	53	18	openness	openness	NOUN
hi-55	53	19	,	,	PUNCT
hi-55	53	20	inflation	inflation	NOUN
hi-55	53	21	and	and	CCONJ
hi-55	53	22	interest	interest	NOUN
hi-55	53	23	rate	rate	NOUN
hi-55	53	24	.	.	PUNCT
hi-55	54	1	rehman	rehman	NOUN
hi-55	54	2	(	(	PUNCT
hi-55	54	3	2014	2014	NUM
hi-55	54	4	)	)	PUNCT
hi-55	54	5	observed	observe	VERB
hi-55	54	6	bi	bi	ADJ
hi-55	54	7	-	-	ADJ
hi-55	54	8	directional	directional	ADJ
hi-55	54	9	causality	causality	NOUN
hi-55	54	10	between	between	ADP
hi-55	54	11	exchange	exchange	NOUN
hi-55	54	12	rate	rate	NOUN
hi-55	54	13	and	and	CCONJ
hi-55	54	14	total	total	ADJ
hi-55	54	15	reserves	reserve	NOUN
hi-55	54	16	.	.	PUNCT
hi-55	55	1	madesha	madesha	VERB
hi-55	55	2	et	et	PROPN
hi-55	55	3	al	al	PROPN
hi-55	55	4	.	.	PROPN
hi-55	56	1	(	(	PUNCT
hi-55	56	2	2013	2013	NUM
hi-55	56	3	)	)	PUNCT
hi-55	56	4	observed	observe	VERB
hi-55	56	5	bi	bi	ADJ
hi-55	56	6	-	-	ADJ
hi-55	56	7	directional	directional	ADJ
hi-55	56	8	causality	causality	NOUN
hi-55	56	9	between	between	ADP
hi-55	56	10	exchange	exchange	NOUN
hi-55	56	11	rate	rate	NOUN
hi-55	56	12	and	and	CCONJ
hi-55	56	13	inflation	inflation	NOUN
hi-55	56	14	.	.	PUNCT
hi-55	57	1	identification	identification	NOUN
hi-55	57	2	of	of	ADP
hi-55	57	3	the	the	DET
hi-55	57	4	research	research	NOUN
hi-55	57	5	gap	gap	NOUN
hi-55	57	6	.	.	PUNCT
hi-55	58	1	the	the	DET
hi-55	58	2	literature	literature	NOUN
hi-55	58	3	provides	provide	VERB
hi-55	58	4	limited	limited	ADJ
hi-55	58	5	evidence	evidence	NOUN
hi-55	58	6	on	on	ADP
hi-55	58	7	the	the	DET
hi-55	58	8	determinants	determinant	NOUN
hi-55	58	9	of	of	ADP
hi-55	58	10	exchange	exchange	NOUN
hi-55	58	11	rate	rate	NOUN
hi-55	58	12	volatility	volatility	NOUN
hi-55	58	13	that	that	PRON
hi-55	58	14	has	have	AUX
hi-55	58	15	utilized	utilize	VERB
hi-55	58	16	multiple	multiple	ADJ
hi-55	58	17	panel	panel	NOUN
hi-55	58	18	data	datum	NOUN
hi-55	58	19	sets	set	NOUN
hi-55	58	20	and	and	CCONJ
hi-55	58	21	conducted	conduct	VERB
hi-55	58	22	a	a	DET
hi-55	58	23	comparative	comparative	ADJ
hi-55	58	24	analysis	analysis	NOUN
hi-55	58	25	of	of	ADP
hi-55	58	26	the	the	DET
hi-55	58	27	determinants	determinant	NOUN
hi-55	58	28	of	of	ADP
hi-55	58	29	exchange	exchange	NOUN
hi-55	58	30	rate	rate	NOUN
hi-55	58	31	level	level	NOUN
hi-55	58	32	and	and	CCONJ
hi-55	58	33	exchange	exchange	NOUN
hi-55	58	34	rate	rate	NOUN
hi-55	58	35	volatility	volatility	NOUN
hi-55	58	36	covering	cover	VERB
hi-55	58	37	the	the	DET
hi-55	58	38	group	group	NOUN
hi-55	58	39	of	of	ADP
hi-55	58	40	the	the	DET
hi-55	58	41	economies	economy	NOUN
hi-55	58	42	segregated	segregate	VERB
hi-55	58	43	by	by	ADP
hi-55	58	44	income	income	NOUN
hi-55	58	45	.	.	PUNCT
hi-55	58	46	.	.	PUNCT
hi-55	59	1	the	the	DET
hi-55	59	2	exchange	exchange	NOUN
hi-55	59	3	rate	rate	NOUN
hi-55	59	4	disconnect	disconnect	PROPN
hi-55	59	5	puzzle	puzzle	NOUN
hi-55	59	6	questioned	question	VERB
hi-55	59	7	the	the	DET
hi-55	59	8	role	role	NOUN
hi-55	59	9	of	of	ADP
hi-55	59	10	macroeconomic	macroeconomic	ADJ
hi-55	59	11	indicators	indicator	NOUN
hi-55	59	12	in	in	ADP
hi-55	59	13	deriving	derive	VERB
hi-55	59	14	the	the	DET
hi-55	59	15	exchange	exchange	NOUN
hi-55	59	16	rate	rate	NOUN
hi-55	59	17	behaviour	behaviour	NOUN
hi-55	59	18	.	.	PUNCT
hi-55	60	1	however	however	ADV
hi-55	60	2	none	none	NOUN
hi-55	60	3	of	of	ADP
hi-55	60	4	the	the	DET
hi-55	60	5	study	study	NOUN
hi-55	60	6	has	have	AUX
hi-55	60	7	tried	try	VERB
hi-55	60	8	to	to	PART
hi-55	60	9	investigate	investigate	VERB
hi-55	60	10	whether	whether	SCONJ
hi-55	60	11	the	the	DET
hi-55	60	12	questioned	question	VERB
hi-55	60	13	link	link	NOUN
hi-55	60	14	between	between	ADP
hi-55	60	15	exchange	exchange	NOUN
hi-55	60	16	rate	rate	NOUN
hi-55	60	17	and	and	CCONJ
hi-55	60	18	macroeconomic	macroeconomic	ADJ
hi-55	60	19	variables	variable	NOUN
hi-55	60	20	is	be	AUX
hi-55	60	21	sensitive	sensitive	ADJ
hi-55	60	22	to	to	ADP
hi-55	60	23	the	the	DET
hi-55	60	24	choice	choice	NOUN
hi-55	60	25	of	of	ADP
hi-55	60	26	exchange	exchange	NOUN
hi-55	60	27	rate	rate	NOUN
hi-55	60	28	level	level	NOUN
hi-55	60	29	and	and	CCONJ
hi-55	60	30	exchange	exchange	NOUN
hi-55	60	31	rate	rate	NOUN
hi-55	60	32	volatility	volatility	NOUN
hi-55	60	33	as	as	SCONJ
hi-55	60	34	explained	explain	VERB
hi-55	60	35	variable	variable	NOUN
hi-55	60	36	.	.	PUNCT
hi-55	60	37	.	.	PUNCT
hi-55	61	1	in	in	ADP
hi-55	61	2	application	application	NOUN
hi-55	61	3	of	of	ADP
hi-55	61	4	cross	cross	NOUN
hi-55	61	5	country	country	NOUN
hi-55	61	6	panel	panel	NOUN
hi-55	61	7	econometric	econometric	VERB
hi-55	61	8	analysis	analysis	NOUN
hi-55	61	9	some	some	DET
hi-55	61	10	studies	study	NOUN
hi-55	61	11	assume	assume	VERB
hi-55	61	12	the	the	DET
hi-55	61	13	coefficient	coefficient	NOUN
hi-55	61	14	homogeneity	homogeneity	NOUN
hi-55	61	15	(	(	PUNCT
hi-55	61	16	for	for	ADP
hi-55	61	17	example	example	NOUN
hi-55	61	18	application	application	NOUN
hi-55	61	19	of	of	ADP
hi-55	61	20	gmm	gmm	PROPN
hi-55	61	21	estimators	estimator	NOUN
hi-55	61	22	and	and	CCONJ
hi-55	61	23	panel	panel	NOUN
hi-55	61	24	granger	granger	PROPN
hi-55	61	25	causality	causality	PROPN
hi-55	61	26	)	)	PUNCT
hi-55	61	27	while	while	SCONJ
hi-55	61	28	others	other	NOUN
hi-55	61	29	assume	assume	VERB
hi-55	61	30	coefficient	coefficient	NOUN
hi-55	61	31	heterogeneity	heterogeneity	NOUN
hi-55	61	32	(	(	PUNCT
hi-55	61	33	for	for	ADP
hi-55	61	34	instance	instance	NOUN
hi-55	61	35	panel	panel	NOUN
hi-55	61	36	cointegration	cointegration	NOUN
hi-55	61	37	techniques	technique	NOUN
hi-55	61	38	)	)	PUNCT
hi-55	61	39	but	but	CCONJ
hi-55	61	40	there	there	PRON
hi-55	61	41	are	be	VERB
hi-55	61	42	very	very	ADV
hi-55	61	43	limited	limited	ADJ
hi-55	61	44	studies	study	NOUN
hi-55	61	45	which	which	PRON
hi-55	61	46	have	have	AUX
hi-55	61	47	examined	examine	VERB
hi-55	61	48	the	the	DET
hi-55	61	49	said	say	VERB
hi-55	61	50	relationship	relationship	NOUN
hi-55	61	51	in	in	ADP
hi-55	61	52	both	both	DET
hi-55	61	53	referred	refer	VERB
hi-55	61	54	contexts	contexts	NOUN
hi-55	61	55	.	.	PUNCT
hi-55	62	1	research	research	NOUN
hi-55	62	2	methodology	methodology	NOUN
hi-55	62	3	model	model	NOUN
hi-55	62	4	specification	specification	NOUN
hi-55	62	5	the	the	DET
hi-55	62	6	objective	objective	NOUN
hi-55	62	7	of	of	ADP
hi-55	62	8	this	this	DET
hi-55	62	9	study	study	NOUN
hi-55	62	10	is	be	AUX
hi-55	62	11	to	to	PART
hi-55	62	12	identify	identify	VERB
hi-55	62	13	the	the	DET
hi-55	62	14	relationship	relationship	NOUN
hi-55	62	15	between	between	ADP
hi-55	62	16	the	the	DET
hi-55	62	17	fundamental	fundamental	ADJ
hi-55	62	18	macroeconomic	macroeconomic	ADJ
hi-55	62	19	indicators	indicator	NOUN
hi-55	62	20	and	and	CCONJ
hi-55	62	21	exchange	exchange	NOUN
hi-55	62	22	rate	rate	NOUN
hi-55	62	23	volatility	volatility	NOUN
hi-55	62	24	as	as	ADV
hi-55	62	25	well	well	ADV
hi-55	62	26	as	as	ADP
hi-55	62	27	exchange	exchange	NOUN
hi-55	62	28	rate	rate	NOUN
hi-55	62	29	level	level	NOUN
hi-55	62	30	.	.	PUNCT
hi-55	63	1	thus	thus	ADV
hi-55	63	2	,	,	PUNCT
hi-55	63	3	an	an	DET
hi-55	63	4	open	open	ADJ
hi-55	63	5	economy	economy	NOUN
hi-55	63	6	macroeconomic	macroeconomic	ADJ
hi-55	63	7	model	model	NOUN
hi-55	63	8	of	of	ADP
hi-55	63	9	exchange	exchange	NOUN
hi-55	63	10	rate	rate	NOUN
hi-55	63	11	determination	determination	NOUN
hi-55	63	12	is	be	AUX
hi-55	63	13	devised	devise	VERB
hi-55	63	14	.	.	PUNCT
hi-55	64	1	the	the	DET
hi-55	64	2	functional	functional	ADJ
hi-55	64	3	form	form	NOUN
hi-55	64	4	of	of	ADP
hi-55	64	5	the	the	DET
hi-55	64	6	model	model	NOUN
hi-55	64	7	is	be	AUX
hi-55	64	8	given	give	VERB
hi-55	64	9	as	as	ADP
hi-55	64	10	:	:	PUNCT
hi-55	64	11	66	66	NUM
hi-55	64	12	macroeconomics	macroeconomic	NOUN
hi-55	64	13	indicators	indicator	NOUN
hi-55	64	14	contributing	contribute	VERB
hi-55	64	15	...	...	PUNCT
hi-55	64	16	exrv	exrv	PROPN
hi-55	64	17	=	=	SYM
hi-55	64	18	f(gdpc	f(gdpc	PROPN
hi-55	64	19	,	,	PUNCT
hi-55	64	20	cab	cab	NOUN
hi-55	64	21	,	,	PUNCT
hi-55	64	22	fdi	fdi	PROPN
hi-55	64	23	,	,	PUNCT
hi-55	64	24	fdev	fdev	NOUN
hi-55	64	25	,	,	PUNCT
hi-55	64	26	gexp	gexp	NOUN
hi-55	64	27	,	,	PUNCT
hi-55	64	28	inf	inf	NOUN
hi-55	64	29	,	,	PUNCT
hi-55	64	30	reserv	reserv	NOUN
hi-55	64	31	,	,	PUNCT
hi-55	64	32	trade	trade	NOUN
hi-55	64	33	)	)	PUNCT
hi-55	64	34	…	…	PUNCT
hi-55	64	35	…	…	SYM
hi-55	64	36	……	……	X
hi-55	64	37	(	(	PUNCT
hi-55	64	38	1	1	X
hi-55	64	39	)	)	PUNCT
hi-55	64	40	exrl	exrl	PROPN
hi-55	64	41	=	=	SYM
hi-55	64	42	f(gdpc	f(gdpc	PROPN
hi-55	64	43	,	,	PUNCT
hi-55	64	44	cab	cab	NOUN
hi-55	64	45	,	,	PUNCT
hi-55	64	46	fdi	fdi	PROPN
hi-55	64	47	,	,	PUNCT
hi-55	64	48	fdev	fdev	NOUN
hi-55	64	49	,	,	PUNCT
hi-55	64	50	gexp	gexp	NOUN
hi-55	64	51	,	,	PUNCT
hi-55	64	52	inf	inf	NOUN
hi-55	64	53	,	,	PUNCT
hi-55	64	54	reserv	reserv	NOUN
hi-55	64	55	,	,	PUNCT
hi-55	64	56	trade	trade	NOUN
hi-55	64	57	)	)	PUNCT
hi-55	64	58	…	…	PUNCT
hi-55	64	59	…	…	SYM
hi-55	64	60	……	……	NOUN
hi-55	64	61	.	.	PUNCT
hi-55	65	1	(	(	PUNCT
hi-55	65	2	2	2	NUM
hi-55	65	3	)	)	PUNCT
hi-55	65	4	where	where	SCONJ
hi-55	65	5	,	,	PUNCT
hi-55	65	6	exrv	exrv	NOUN
hi-55	65	7	=	=	SYM
hi-55	65	8	exchange	exchange	NOUN
hi-55	65	9	rate	rate	NOUN
hi-55	65	10	volatility	volatility	NOUN
hi-55	65	11	(	(	PUNCT
hi-55	65	12	volatility	volatility	NOUN
hi-55	65	13	series	series	NOUN
hi-55	65	14	generated	generate	VERB
hi-55	65	15	by	by	ADP
hi-55	65	16	garch	garch	NOUN
hi-55	65	17	model	model	NOUN
hi-55	65	18	)	)	PUNCT
hi-55	65	19	exrl	exrl	PROPN
hi-55	65	20	=	=	SYM
hi-55	65	21	exchange	exchange	NOUN
hi-55	65	22	rate	rate	NOUN
hi-55	65	23	level	level	NOUN
hi-55	65	24	(	(	PUNCT
hi-55	65	25	official	official	ADJ
hi-55	65	26	exchange	exchange	NOUN
hi-55	65	27	rate	rate	NOUN
hi-55	65	28	level	level	NOUN
hi-55	65	29	measured	measure	VERB
hi-55	65	30	as	as	ADP
hi-55	65	31	local	local	ADJ
hi-55	65	32	currency	currency	NOUN
hi-55	65	33	units	unit	NOUN
hi-55	65	34	per	per	ADP
hi-55	65	35	us	us	PROPN
hi-55	65	36	dollars	dollar	NOUN
hi-55	65	37	gdpc	gdpc	NOUN
hi-55	66	1	=	=	SYM
hi-55	66	2	economic	economic	ADJ
hi-55	66	3	growth	growth	NOUN
hi-55	66	4	(	(	PUNCT
hi-55	66	5	measured	measure	VERB
hi-55	66	6	by	by	ADP
hi-55	66	7	gdp	gdp	NOUN
hi-55	66	8	per	per	ADP
hi-55	66	9	capita	capita	X
hi-55	66	10	)	)	PUNCT
hi-55	66	11	cab	cab	NOUN
hi-55	66	12	=	=	SYM
hi-55	66	13	current	current	ADJ
hi-55	66	14	account	account	NOUN
hi-55	66	15	balance	balance	NOUN
hi-55	66	16	fdi	fdi	NOUN
hi-55	66	17	=	=	PUNCT
hi-55	66	18	foreign	foreign	ADJ
hi-55	66	19	direct	direct	ADJ
hi-55	66	20	investment	investment	NOUN
hi-55	66	21	(	(	PUNCT
hi-55	66	22	percentage	percentage	NOUN
hi-55	66	23	of	of	ADP
hi-55	66	24	gdp	gdp	NOUN
hi-55	66	25	)	)	PUNCT
hi-55	66	26	fdev	fdev	NOUN
hi-55	66	27	=	=	SYM
hi-55	66	28	financial	financial	ADJ
hi-55	66	29	development	development	NOUN
hi-55	66	30	(	(	PUNCT
hi-55	66	31	credit	credit	NOUN
hi-55	66	32	to	to	ADP
hi-55	66	33	private	private	ADJ
hi-55	66	34	sector	sector	NOUN
hi-55	66	35	)	)	PUNCT
hi-55	66	36	gexp	gexp	NOUN
hi-55	66	37	=	=	SYM
hi-55	66	38	government	government	NOUN
hi-55	66	39	expenditures	expenditure	NOUN
hi-55	66	40	(	(	PUNCT
hi-55	66	41	percentage	percentage	NOUN
hi-55	66	42	of	of	ADP
hi-55	66	43	gdp	gdp	NOUN
hi-55	66	44	)	)	PUNCT
hi-55	66	45	inf	inf	NOUN
hi-55	66	46	=	=	NOUN
hi-55	66	47	inflation	inflation	NOUN
hi-55	66	48	rate	rate	NOUN
hi-55	66	49	(	(	PUNCT
hi-55	66	50	consumer	consumer	NOUN
hi-55	66	51	price	price	NOUN
hi-55	66	52	index	index	NOUN
hi-55	66	53	represented	represent	VERB
hi-55	66	54	in	in	ADP
hi-55	66	55	annual	annual	ADJ
hi-55	66	56	%	%	NOUN
hi-55	66	57	)	)	PUNCT
hi-55	66	58	reserv	reserv	NOUN
hi-55	66	59	=	=	PUNCT
hi-55	66	60	total	total	ADJ
hi-55	66	61	reserves	reserve	NOUN
hi-55	66	62	(	(	PUNCT
hi-55	66	63	current	current	VERB
hi-55	66	64	us	us	PROPN
hi-55	66	65	dollars	dollar	NOUN
hi-55	66	66	.	.	PUNCT
hi-55	66	67	)	)	PUNCT
hi-55	67	1	trade	trade	NOUN
hi-55	67	2	=	=	SYM
hi-55	67	3	trade	trade	NOUN
hi-55	67	4	openness	openness	NOUN
hi-55	67	5	(	(	PUNCT
hi-55	67	6	net	net	ADJ
hi-55	67	7	trade	trade	NOUN
hi-55	67	8	in	in	ADP
hi-55	67	9	goods	good	NOUN
hi-55	67	10	and	and	CCONJ
hi-55	67	11	services	service	NOUN
hi-55	67	12	.	.	PUNCT
hi-55	68	1	data	datum	NOUN
hi-55	68	2	are	be	AUX
hi-55	68	3	in	in	ADP
hi-55	68	4	current	current	ADJ
hi-55	68	5	us	us	PROPN
hi-55	68	6	dollars	dollar	NOUN
hi-55	68	7	)	)	PUNCT
hi-55	68	8	measuring	measure	VERB
hi-55	68	9	volatility	volatility	NOUN
hi-55	68	10	different	different	ADJ
hi-55	68	11	kinds	kind	NOUN
hi-55	68	12	of	of	ADP
hi-55	68	13	distortions	distortion	NOUN
hi-55	68	14	like	like	ADP
hi-55	68	15	political	political	ADJ
hi-55	68	16	instability	instability	NOUN
hi-55	68	17	,	,	PUNCT
hi-55	68	18	economic	economic	ADJ
hi-55	68	19	interdependence	interdependence	NOUN
hi-55	68	20	,	,	PUNCT
hi-55	68	21	rise	rise	VERB
hi-55	68	22	or	or	CCONJ
hi-55	68	23	fall	fall	VERB
hi-55	68	24	in	in	ADP
hi-55	68	25	oil	oil	NOUN
hi-55	68	26	prices	price	NOUN
hi-55	68	27	,	,	PUNCT
hi-55	68	28	supply	supply	NOUN
hi-55	68	29	or	or	CCONJ
hi-55	68	30	demand	demand	NOUN
hi-55	68	31	boom	boom	NOUN
hi-55	68	32	or	or	CCONJ
hi-55	68	33	crises	crisis	NOUN
hi-55	68	34	,	,	PUNCT
hi-55	68	35	disasters	disaster	NOUN
hi-55	68	36	,	,	PUNCT
hi-55	68	37	global	global	ADJ
hi-55	68	38	or	or	CCONJ
hi-55	68	39	national	national	ADJ
hi-55	68	40	financial	financial	ADJ
hi-55	68	41	crises	crisis	NOUN
hi-55	68	42	and	and	CCONJ
hi-55	68	43	technological	technological	ADJ
hi-55	68	44	advancements	advancement	NOUN
hi-55	68	45	caused	cause	VERB
hi-55	68	46	widespread	widespread	ADJ
hi-55	68	47	effects	effect	NOUN
hi-55	68	48	on	on	ADP
hi-55	68	49	the	the	DET
hi-55	68	50	financial	financial	ADJ
hi-55	68	51	indicators	indicator	NOUN
hi-55	68	52	,	,	PUNCT
hi-55	68	53	such	such	ADJ
hi-55	68	54	as	as	ADP
hi-55	68	55	exchange	exchange	NOUN
hi-55	68	56	rates	rate	NOUN
hi-55	68	57	.	.	PUNCT
hi-55	69	1	thus	thus	ADV
hi-55	69	2	intensity	intensity	NOUN
hi-55	69	3	of	of	ADP
hi-55	69	4	these	these	DET
hi-55	69	5	elements	element	NOUN
hi-55	69	6	is	be	AUX
hi-55	69	7	better	well	ADV
hi-55	69	8	explained	explain	VERB
hi-55	69	9	by	by	ADP
hi-55	69	10	the	the	DET
hi-55	69	11	volatility	volatility	NOUN
hi-55	69	12	in	in	ADP
hi-55	69	13	the	the	DET
hi-55	69	14	exchange	exchange	NOUN
hi-55	69	15	rate	rate	NOUN
hi-55	69	16	time	time	NOUN
hi-55	69	17	series	series	NOUN
hi-55	69	18	rather	rather	ADV
hi-55	69	19	than	than	ADP
hi-55	69	20	that	that	PRON
hi-55	69	21	of	of	ADP
hi-55	69	22	exchange	exchange	NOUN
hi-55	69	23	rate	rate	NOUN
hi-55	69	24	values	value	NOUN
hi-55	69	25	at	at	ADP
hi-55	69	26	current	current	ADJ
hi-55	69	27	level	level	NOUN
hi-55	69	28	.	.	PUNCT
hi-55	70	1	the	the	DET
hi-55	70	2	process	process	NOUN
hi-55	70	3	of	of	ADP
hi-55	70	4	capturing	capture	VERB
hi-55	70	5	the	the	DET
hi-55	70	6	hamdard	hamdard	ADJ
hi-55	70	7	islamicus	islamicus	NOUN
hi-55	70	8	vol	vol	NOUN
hi-55	70	9	.	.	PUNCT
hi-55	71	1	xliii	xliii	PROPN
hi-55	71	2	,	,	PUNCT
hi-55	71	3	no	no	INTJ
hi-55	71	4	.	.	NOUN
hi-55	71	5	3	3	NUM
hi-55	71	6	67	67	NUM
hi-55	71	7	shocks	shock	NOUN
hi-55	71	8	and	and	CCONJ
hi-55	71	9	understanding	understand	VERB
hi-55	71	10	the	the	DET
hi-55	71	11	behaviour	behaviour	NOUN
hi-55	71	12	of	of	ADP
hi-55	71	13	series	series	NOUN
hi-55	71	14	through	through	ADP
hi-55	71	15	driving	drive	VERB
hi-55	71	16	the	the	DET
hi-55	71	17	variance	variance	NOUN
hi-55	71	18	series	series	NOUN
hi-55	71	19	is	be	AUX
hi-55	71	20	technically	technically	ADV
hi-55	71	21	called	call	VERB
hi-55	71	22	volatility	volatility	NOUN
hi-55	71	23	.	.	PUNCT
hi-55	72	1	through	through	ADP
hi-55	72	2	garch	garch	NOUN
hi-55	72	3	process	process	NOUN
hi-55	72	4	the	the	DET
hi-55	72	5	exchange	exchange	NOUN
hi-55	72	6	rate	rate	NOUN
hi-55	72	7	series	serie	NOUN
hi-55	72	8	include	include	VERB
hi-55	72	9	lagged	lag	VERB
hi-55	72	10	dependent	dependent	ADJ
hi-55	72	11	variable	variable	NOUN
hi-55	72	12	(	(	PUNCT
hi-55	72	13	say	say	VERB
hi-55	72	14	exrt1	exrt1	NOUN
hi-55	72	15	)	)	PUNCT
hi-55	72	16	in	in	ADP
hi-55	72	17	the	the	DET
hi-55	72	18	model	model	NOUN
hi-55	72	19	to	to	PART
hi-55	72	20	capture	capture	VERB
hi-55	72	21	the	the	DET
hi-55	72	22	elements	element	NOUN
hi-55	72	23	of	of	ADP
hi-55	72	24	heteroskedasticity	heteroskedasticity	NOUN
hi-55	72	25	and	and	CCONJ
hi-55	72	26	autocorrelation	autocorrelation	NOUN
hi-55	72	27	and	and	CCONJ
hi-55	72	28	follow	follow	VERB
hi-55	72	29	the	the	DET
hi-55	72	30	above	above	ADJ
hi-55	72	31	referred	refer	VERB
hi-55	72	32	conditionality	conditionality	NOUN
hi-55	72	33	.	.	PUNCT
hi-55	73	1	in	in	ADP
hi-55	73	2	this	this	DET
hi-55	73	3	way	way	NOUN
hi-55	73	4	garch	garch	NOUN
hi-55	73	5	process	process	NOUN
hi-55	73	6	generate	generate	VERB
hi-55	73	7	the	the	DET
hi-55	73	8	variance	variance	NOUN
hi-55	73	9	series	series	NOUN
hi-55	73	10	of	of	ADP
hi-55	73	11	exchange	exchange	NOUN
hi-55	73	12	rate	rate	NOUN
hi-55	73	13	that	that	PRON
hi-55	73	14	is	be	AUX
hi-55	73	15	called	call	VERB
hi-55	73	16	exchange	exchange	NOUN
hi-55	73	17	rate	rate	NOUN
hi-55	73	18	volatility	volatility	NOUN
hi-55	73	19	.	.	PUNCT
hi-55	74	1	the	the	DET
hi-55	74	2	exchange	exchange	NOUN
hi-55	74	3	rate	rate	NOUN
hi-55	74	4	volatility	volatility	NOUN
hi-55	74	5	has	have	AUX
hi-55	74	6	been	be	AUX
hi-55	74	7	measured	measure	VERB
hi-55	74	8	by	by	ADP
hi-55	74	9	simple	simple	ADJ
hi-55	74	10	garch	garch	NOUN
hi-55	74	11	(	(	PUNCT
hi-55	74	12	1,1	1,1	NUM
hi-55	74	13	)	)	PUNCT
hi-55	74	14	model	model	NOUN
hi-55	74	15	in	in	ADP
hi-55	74	16	this	this	DET
hi-55	74	17	study1	study1	NOUN
hi-55	74	18	.	.	PUNCT
hi-55	75	1	estimation	estimation	NOUN
hi-55	75	2	techniques	technique	VERB
hi-55	75	3	the	the	DET
hi-55	75	4	current	current	ADJ
hi-55	75	5	research	research	NOUN
hi-55	75	6	study	study	NOUN
hi-55	75	7	has	have	AUX
hi-55	75	8	selected	select	VERB
hi-55	75	9	three	three	NUM
hi-55	75	10	distinct	distinct	ADJ
hi-55	75	11	panel	panel	NOUN
hi-55	75	12	data	datum	NOUN
hi-55	75	13	sets	set	NOUN
hi-55	75	14	of	of	ADP
hi-55	75	15	high	high	ADJ
hi-55	75	16	income	income	NOUN
hi-55	75	17	countries	country	NOUN
hi-55	75	18	,	,	PUNCT
hi-55	75	19	middle	middle	ADJ
hi-55	75	20	income	income	NOUN
hi-55	75	21	countries	country	NOUN
hi-55	75	22	and	and	CCONJ
hi-55	75	23	low	low	ADJ
hi-55	75	24	income	income	NOUN
hi-55	75	25	countries	country	NOUN
hi-55	75	26	to	to	PART
hi-55	75	27	estimate	estimate	VERB
hi-55	75	28	the	the	DET
hi-55	75	29	connotation	connotation	NOUN
hi-55	75	30	of	of	ADP
hi-55	75	31	the	the	DET
hi-55	75	32	said	say	VERB
hi-55	75	33	relationship	relationship	NOUN
hi-55	75	34	further	further	ADJ
hi-55	75	35	panel	panel	NOUN
hi-55	75	36	auto	auto	NOUN
hi-55	75	37	regressive	regressive	ADJ
hi-55	75	38	distributive	distributive	ADJ
hi-55	75	39	lag	lag	NOUN
hi-55	75	40	(	(	PUNCT
hi-55	75	41	ardl	ardl	NOUN
hi-55	75	42	)	)	PUNCT
hi-55	75	43	and	and	CCONJ
hi-55	75	44	panel	panel	NOUN
hi-55	75	45	granger	granger	PROPN
hi-55	75	46	causality	causality	PROPN
hi-55	75	47	test	test	NOUN
hi-55	75	48	have	have	AUX
hi-55	75	49	been	be	AUX
hi-55	75	50	applied	apply	VERB
hi-55	75	51	for	for	ADP
hi-55	75	52	the	the	DET
hi-55	75	53	analysis	analysis	NOUN
hi-55	75	54	.	.	PUNCT
hi-55	76	1	now	now	ADV
hi-55	76	2	a	a	DET
hi-55	76	3	days	day	NOUN
hi-55	76	4	,	,	PUNCT
hi-55	76	5	it	it	PRON
hi-55	76	6	has	have	AUX
hi-55	76	7	become	become	VERB
hi-55	76	8	a	a	DET
hi-55	76	9	tradition	tradition	NOUN
hi-55	76	10	to	to	PART
hi-55	76	11	apply	apply	VERB
hi-55	76	12	the	the	DET
hi-55	76	13	cross	cross	NOUN
hi-55	76	14	country	country	NOUN
hi-55	76	15	panel	panel	NOUN
hi-55	76	16	data	data	PROPN
hi-55	76	17	frame	frame	NOUN
hi-55	76	18	work	work	NOUN
hi-55	76	19	to	to	ADP
hi-55	76	20	different	different	ADJ
hi-55	76	21	theoretical	theoretical	ADJ
hi-55	76	22	propositions	proposition	NOUN
hi-55	76	23	.	.	PUNCT
hi-55	77	1	panel	panel	NOUN
hi-55	77	2	data	data	PROPN
hi-55	77	3	estimation	estimation	NOUN
hi-55	77	4	,	,	PUNCT
hi-55	77	5	technically	technically	ADV
hi-55	77	6	,	,	PUNCT
hi-55	77	7	helped	help	VERB
hi-55	77	8	to	to	PART
hi-55	77	9	tackle	tackle	VERB
hi-55	77	10	more	more	ADV
hi-55	77	11	complex	complex	ADJ
hi-55	77	12	issues	issue	NOUN
hi-55	77	13	that	that	PRON
hi-55	77	14	can	can	AUX
hi-55	77	15	not	not	PART
hi-55	77	16	be	be	AUX
hi-55	77	17	considered	consider	VERB
hi-55	77	18	by	by	ADP
hi-55	77	19	purely	purely	ADV
hi-55	77	20	time	time	NOUN
hi-55	77	21	series	series	PROPN
hi-55	77	22	analysis	analysis	NOUN
hi-55	77	23	.	.	PUNCT
hi-55	78	1	panel	panel	NOUN
hi-55	78	2	data	data	PROPN
hi-55	78	3	application	application	NOUN
hi-55	78	4	allow	allow	VERB
hi-55	78	5	individual	individual	ADJ
hi-55	78	6	heterogeneity	heterogeneity	NOUN
hi-55	78	7	among	among	ADP
hi-55	78	8	different	different	ADJ
hi-55	78	9	units	unit	NOUN
hi-55	78	10	of	of	ADP
hi-55	78	11	the	the	DET
hi-55	78	12	data	datum	NOUN
hi-55	78	13	set	set	VERB
hi-55	78	14	,	,	PUNCT
hi-55	78	15	moreover	moreover	ADV
hi-55	78	16	,	,	PUNCT
hi-55	78	17	it	it	PRON
hi-55	78	18	can	can	AUX
hi-55	78	19	remove	remove	VERB
hi-55	78	20	the	the	DET
hi-55	78	21	effects	effect	NOUN
hi-55	78	22	of	of	ADP
hi-55	78	23	omitted	omit	VERB
hi-55	78	24	variables	variable	NOUN
hi-55	78	25	which	which	PRON
hi-55	78	26	are	be	AUX
hi-55	78	27	particular	particular	ADJ
hi-55	78	28	to	to	ADP
hi-55	78	29	the	the	DET
hi-55	78	30	individual	individual	PROPN
hi-55	78	31	cross	cross	PROPN
hi-55	78	32	section	section	NOUN
hi-55	78	33	units	unit	NOUN
hi-55	78	34	but	but	CCONJ
hi-55	78	35	remain	remain	VERB
hi-55	78	36	constant	constant	ADJ
hi-55	78	37	over	over	ADP
hi-55	78	38	time	time	NOUN
hi-55	78	39	.	.	PUNCT
hi-55	79	1	another	another	DET
hi-55	79	2	advantage	advantage	NOUN
hi-55	79	3	of	of	ADP
hi-55	79	4	panel	panel	NOUN
hi-55	79	5	data	data	NOUN
hi-55	79	6	application	application	NOUN
hi-55	79	7	is	be	AUX
hi-55	79	8	that	that	SCONJ
hi-55	79	9	the	the	DET
hi-55	79	10	combination	combination	NOUN
hi-55	79	11	of	of	ADP
hi-55	79	12	time	time	NOUN
hi-55	79	13	series	series	PROPN
hi-55	79	14	and	and	CCONJ
hi-55	79	15	cross	cross	PROPN
hi-55	79	16	section	section	NOUN
hi-55	79	17	dimensions	dimension	NOUN
hi-55	79	18	in	in	ADP
hi-55	79	19	panel	panel	NOUN
hi-55	79	20	data	datum	NOUN
hi-55	79	21	lead	lead	VERB
hi-55	79	22	to	to	PART
hi-55	79	23	increase	increase	VERB
hi-55	79	24	the	the	DET
hi-55	79	25	degree	degree	NOUN
hi-55	79	26	of	of	ADP
hi-55	79	27	freedom	freedom	NOUN
hi-55	79	28	that	that	PRON
hi-55	79	29	lead	lead	VERB
hi-55	79	30	to	to	PART
hi-55	79	31	resolve	resolve	VERB
hi-55	79	32	the	the	DET
hi-55	79	33	issues	issue	NOUN
hi-55	79	34	of	of	ADP
hi-55	79	35	multicollinearity	multicollinearity	NOUN
hi-55	79	36	.	.	PUNCT
hi-55	80	1	panel	panel	NOUN
hi-55	80	2	cointegration	cointegration	VERB
hi-55	80	3	the	the	DET
hi-55	80	4	dynamic	dynamic	ADJ
hi-55	80	5	time	time	NOUN
hi-55	80	6	series	series	NOUN
hi-55	80	7	analysis	analysis	NOUN
hi-55	80	8	can	can	AUX
hi-55	80	9	not	not	PART
hi-55	80	10	ignore	ignore	VERB
hi-55	80	11	the	the	DET
hi-55	80	12	issue	issue	NOUN
hi-55	80	13	of	of	ADP
hi-55	80	14	non	non	ADJ
hi-55	80	15	stationarity	stationarity	NOUN
hi-55	80	16	.	.	PUNCT
hi-55	81	1	three	three	NUM
hi-55	81	2	distinct	distinct	ADJ
hi-55	81	3	types	type	NOUN
hi-55	81	4	of	of	ADP
hi-55	81	5	unit	unit	NOUN
hi-55	81	6	root	root	NOUN
hi-55	81	7	tests	test	NOUN
hi-55	81	8	being	be	AUX
hi-55	81	9	differentiated	differentiate	VERB
hi-55	81	10	on	on	ADP
hi-55	81	11	the	the	DET
hi-55	81	12	basis	basis	NOUN
hi-55	81	13	of	of	ADP
hi-55	81	14	their	their	PRON
hi-55	81	15	statistical	statistical	ADJ
hi-55	81	16	procedure	procedure	NOUN
hi-55	81	17	,	,	PUNCT
hi-55	81	18	namely	namely	ADV
hi-55	81	19	i	i	PRON
hi-55	81	20	m	m	PROPN
hi-55	81	21	,	,	PUNCT
hi-55	81	22	pesaran	pesaran	ADJ
hi-55	81	23	and	and	CCONJ
hi-55	81	24	shin	shin	NOUN
hi-55	81	25	test	test	NOUN
hi-55	81	26	(	(	PUNCT
hi-55	81	27	ips	ips	PROPN
hi-55	81	28	)	)	PUNCT
hi-55	81	29	,	,	PUNCT
hi-55	81	30	hadri	hadri	ADJ
hi-55	81	31	langrange	langrange	NOUN
hi-55	81	32	multiplier	multipli	ADJ
hi-55	81	33	test	test	NOUN
hi-55	81	34	(	(	PUNCT
hi-55	81	35	hlm	hlm	PROPN
hi-55	81	36	)	)	PUNCT
hi-55	81	37	and	and	CCONJ
hi-55	81	38	levin	levin	PROPN
hi-55	81	39	,	,	PUNCT
hi-55	81	40	lin	lin	PROPN
hi-55	81	41	and	and	CCONJ
hi-55	81	42	chu	chu	PROPN
hi-55	81	43	test	test	PROPN
hi-55	81	44	(	(	PUNCT
hi-55	81	45	llc	llc	PROPN
hi-55	81	46	)	)	PUNCT
hi-55	81	47	are	be	AUX
hi-55	81	48	applied	apply	VERB
hi-55	81	49	to	to	PART
hi-55	81	50	check	check	VERB
hi-55	81	51	the	the	DET
hi-55	81	52	stationarity	stationarity	NOUN
hi-55	81	53	.	.	PUNCT
hi-55	82	1	modeling	model	VERB
hi-55	82	2	the	the	DET
hi-55	82	3	panel	panel	NOUN
hi-55	82	4	cointegration	cointegration	VERB
hi-55	82	5	the	the	DET
hi-55	82	6	long	long	ADJ
hi-55	82	7	run	run	NOUN
hi-55	82	8	information	information	NOUN
hi-55	82	9	in	in	ADP
hi-55	82	10	time	time	NOUN
hi-55	82	11	series	series	PROPN
hi-55	82	12	can	can	AUX
hi-55	82	13	be	be	AUX
hi-55	82	14	intact	intact	ADJ
hi-55	82	15	through	through	ADP
hi-55	82	16	the	the	DET
hi-55	82	17	process	process	NOUN
hi-55	82	18	of	of	ADP
hi-55	82	19	cointegration	cointegration	NOUN
hi-55	82	20	.	.	PUNCT
hi-55	83	1	cointegration	cointegration	NOUN
hi-55	83	2	not	not	PART
hi-55	83	3	only	only	ADV
hi-55	83	4	facilitate	facilitate	NOUN
hi-55	83	5	in	in	ADP
hi-55	83	6	the	the	DET
hi-55	83	7	course	course	NOUN
hi-55	83	8	of	of	ADP
hi-55	83	9	1	1	NUM
hi-55	83	10	.	.	PUNCT
hi-55	84	1	it	it	PRON
hi-55	84	2	is	be	AUX
hi-55	84	3	followed	follow	VERB
hi-55	84	4	from	from	ADP
hi-55	84	5	the	the	DET
hi-55	84	6	studies	study	NOUN
hi-55	84	7	(	(	PUNCT
hi-55	84	8	ebaidalla	ebaidalla	NOUN
hi-55	84	9	,	,	PUNCT
hi-55	84	10	2014	2014	NUM
hi-55	84	11	;	;	PUNCT
hi-55	84	12	supaat	supaat	PROPN
hi-55	84	13	et	et	PROPN
hi-55	84	14	al	al	PROPN
hi-55	84	15	.	.	PROPN
hi-55	84	16	,	,	PUNCT
hi-55	84	17	2003	2003	NUM
hi-55	84	18	;	;	PUNCT
hi-55	84	19	udoh	udoh	VERB
hi-55	84	20	et	et	PROPN
hi-55	84	21	al	al	PROPN
hi-55	84	22	.	.	PROPN
hi-55	84	23	,	,	PUNCT
hi-55	84	24	2012	2012	NUM
hi-55	84	25	;	;	PUNCT
hi-55	84	26	yunana	yunana	NOUN
hi-55	84	27	et	et	PROPN
hi-55	84	28	al	al	PROPN
hi-55	84	29	.	.	PROPN
hi-55	84	30	,	,	PUNCT
hi-55	84	31	2016	2016	NUM
hi-55	84	32	)	)	PUNCT
hi-55	84	33	.	.	PUNCT
hi-55	85	1	68	68	NUM
hi-55	85	2	macroeconomics	macroeconomic	NOUN
hi-55	85	3	indicators	indicator	NOUN
hi-55	85	4	contributing	contribute	VERB
hi-55	85	5	...	...	PUNCT
hi-55	85	6	analysis	analysis	NOUN
hi-55	85	7	of	of	ADP
hi-55	85	8	long	long	ADJ
hi-55	85	9	run	run	NOUN
hi-55	85	10	association	association	NOUN
hi-55	85	11	among	among	ADP
hi-55	85	12	the	the	DET
hi-55	85	13	considered	consider	VERB
hi-55	85	14	integrated	integrated	ADJ
hi-55	85	15	variables	variable	NOUN
hi-55	85	16	,	,	PUNCT
hi-55	85	17	moreover	moreover	ADV
hi-55	85	18	,	,	PUNCT
hi-55	85	19	it	it	PRON
hi-55	85	20	reparameterize	reparameterize	VERB
hi-55	85	21	the	the	DET
hi-55	85	22	relationship	relationship	NOUN
hi-55	85	23	into	into	ADP
hi-55	85	24	error	error	NOUN
hi-55	85	25	correction	correction	NOUN
hi-55	85	26	model	model	NOUN
hi-55	85	27	.	.	PUNCT
hi-55	86	1	this	this	DET
hi-55	86	2	idea	idea	NOUN
hi-55	86	3	was	be	AUX
hi-55	86	4	formulized	formulize	VERB
hi-55	86	5	by	by	ADP
hi-55	86	6	granger	granger	PROPN
hi-55	86	7	(	(	PUNCT
hi-55	86	8	1981	1981	NUM
hi-55	86	9	)	)	PUNCT
hi-55	86	10	and	and	CCONJ
hi-55	86	11	later	later	ADV
hi-55	86	12	on	on	ADV
hi-55	86	13	by	by	ADP
hi-55	86	14	engle	engle	PROPN
hi-55	86	15	and	and	CCONJ
hi-55	86	16	granger	granger	PROPN
hi-55	86	17	(	(	PUNCT
hi-55	86	18	1987	1987	NUM
hi-55	86	19	)	)	PUNCT
hi-55	86	20	along	along	ADP
hi-55	86	21	with	with	ADP
hi-55	86	22	the	the	DET
hi-55	86	23	estimation	estimation	NOUN
hi-55	86	24	procedure	procedure	NOUN
hi-55	86	25	and	and	CCONJ
hi-55	86	26	specification	specification	NOUN
hi-55	86	27	test	test	NOUN
hi-55	86	28	.	.	PUNCT
hi-55	87	1	panel	panel	NOUN
hi-55	87	2	ardl	ardl	PROPN
hi-55	87	3	approach	approach	PROPN
hi-55	87	4	pesaran	pesaran	VERB
hi-55	87	5	,	,	PUNCT
hi-55	87	6	shin	shin	PROPN
hi-55	87	7	and	and	CCONJ
hi-55	87	8	smith	smith	PROPN
hi-55	87	9	.	.	PUNCT
hi-55	88	1	(	(	PUNCT
hi-55	88	2	1999	1999	NUM
hi-55	88	3	)	)	PUNCT
hi-55	88	4	incorporated	incorporate	VERB
hi-55	88	5	the	the	DET
hi-55	88	6	dynamic	dynamic	ADJ
hi-55	88	7	heterogeneous	heterogeneous	ADJ
hi-55	88	8	panel	panel	NOUN
hi-55	88	9	regression	regression	NOUN
hi-55	88	10	into	into	ADP
hi-55	88	11	the	the	DET
hi-55	88	12	error	error	NOUN
hi-55	88	13	correction	correction	NOUN
hi-55	88	14	model	model	NOUN
hi-55	88	15	by	by	ADP
hi-55	88	16	applying	apply	VERB
hi-55	88	17	the	the	DET
hi-55	88	18	auto	auto	NOUN
hi-55	88	19	regressive	regressive	ADJ
hi-55	88	20	distributive	distributive	ADJ
hi-55	88	21	lag	lag	NOUN
hi-55	88	22	,	,	PUNCT
hi-55	88	23	ardl	ardl	NOUN
hi-55	88	24	(	(	PUNCT
hi-55	88	25	p	p	X
hi-55	88	26	,	,	PUNCT
hi-55	88	27	q	q	NOUN
hi-55	88	28	)	)	PUNCT
hi-55	88	29	methodology	methodology	NOUN
hi-55	88	30	.	.	PUNCT
hi-55	89	1	specifically	specifically	ADV
hi-55	89	2	,	,	PUNCT
hi-55	89	3	in	in	ADP
hi-55	89	4	cross	cross	NOUN
hi-55	89	5	country	country	NOUN
hi-55	89	6	analysis	analysis	NOUN
hi-55	89	7	where	where	SCONJ
hi-55	89	8	the	the	DET
hi-55	89	9	long	long	ADJ
hi-55	89	10	run	run	NOUN
hi-55	89	11	coefficients	coefficient	NOUN
hi-55	89	12	and	and	CCONJ
hi-55	89	13	the	the	DET
hi-55	89	14	speed	speed	NOUN
hi-55	89	15	of	of	ADP
hi-55	89	16	convergence	convergence	NOUN
hi-55	89	17	towards	towards	ADP
hi-55	89	18	the	the	DET
hi-55	89	19	long	long	ADJ
hi-55	89	20	run	run	NOUN
hi-55	89	21	are	be	AUX
hi-55	89	22	parameters	parameter	NOUN
hi-55	89	23	of	of	ADP
hi-55	89	24	interest	interest	NOUN
hi-55	89	25	,	,	PUNCT
hi-55	89	26	the	the	DET
hi-55	89	27	panel	panel	NOUN
hi-55	89	28	ardl	ardl	NOUN
hi-55	89	29	methodology	methodology	NOUN
hi-55	89	30	is	be	AUX
hi-55	89	31	assumed	assume	VERB
hi-55	89	32	as	as	ADP
hi-55	89	33	best	good	ADJ
hi-55	89	34	choice	choice	NOUN
hi-55	89	35	.	.	PUNCT
hi-55	90	1	an	an	DET
hi-55	90	2	important	important	ADJ
hi-55	90	3	advantage	advantage	NOUN
hi-55	90	4	of	of	ADP
hi-55	90	5	the	the	DET
hi-55	90	6	panel	panel	NOUN
hi-55	90	7	ardl	ardl	NOUN
hi-55	90	8	cointegration	cointegration	NOUN
hi-55	90	9	methodology	methodology	NOUN
hi-55	90	10	is	be	AUX
hi-55	90	11	that	that	SCONJ
hi-55	90	12	it	it	PRON
hi-55	90	13	can	can	AUX
hi-55	90	14	be	be	AUX
hi-55	90	15	applied	apply	VERB
hi-55	90	16	even	even	ADV
hi-55	90	17	if	if	SCONJ
hi-55	90	18	the	the	DET
hi-55	90	19	selected	select	VERB
hi-55	90	20	variables	variable	NOUN
hi-55	90	21	have	have	VERB
hi-55	90	22	different	different	ADJ
hi-55	90	23	order	order	NOUN
hi-55	90	24	of	of	ADP
hi-55	90	25	integration	integration	NOUN
hi-55	90	26	.	.	PUNCT
hi-55	91	1	in	in	ADP
hi-55	91	2	other	other	ADJ
hi-55	91	3	words	word	NOUN
hi-55	91	4	,	,	PUNCT
hi-55	91	5	whether	whether	SCONJ
hi-55	91	6	variables	variable	NOUN
hi-55	91	7	under	under	ADP
hi-55	91	8	consideration	consideration	NOUN
hi-55	91	9	are	be	AUX
hi-55	91	10	i(0	i(0	PROPN
hi-55	91	11	)	)	PUNCT
hi-55	91	12	or	or	CCONJ
hi-55	91	13	i(1	i(1	NOUN
hi-55	91	14	)	)	PUNCT
hi-55	91	15	.	.	PUNCT
hi-55	92	1	moreover	moreover	ADV
hi-55	92	2	,	,	PUNCT
hi-55	92	3	both	both	CCONJ
hi-55	92	4	the	the	DET
hi-55	92	5	short	short	ADJ
hi-55	92	6	run	run	NOUN
hi-55	92	7	and	and	CCONJ
hi-55	92	8	long	long	ADJ
hi-55	92	9	run	run	NOUN
hi-55	92	10	relationship	relationship	NOUN
hi-55	92	11	among	among	ADP
hi-55	92	12	the	the	DET
hi-55	92	13	selected	select	VERB
hi-55	92	14	variables	variable	NOUN
hi-55	92	15	can	can	AUX
hi-55	92	16	be	be	AUX
hi-55	92	17	estimated	estimate	VERB
hi-55	92	18	simultaneously	simultaneously	ADV
hi-55	92	19	from	from	ADP
hi-55	92	20	the	the	DET
hi-55	92	21	panel	panel	NOUN
hi-55	92	22	data	datum	NOUN
hi-55	92	23	set	set	VERB
hi-55	92	24	with	with	ADP
hi-55	92	25	large	large	ADJ
hi-55	92	26	time	time	NOUN
hi-55	92	27	dimensions	dimension	NOUN
hi-55	92	28	and	and	CCONJ
hi-55	92	29	large	large	ADJ
hi-55	92	30	cross	cross	NOUN
hi-55	92	31	sections	section	NOUN
hi-55	92	32	.	.	PUNCT
hi-55	93	1	causal	causal	ADJ
hi-55	93	2	relationship	relationship	NOUN
hi-55	93	3	in	in	ADP
hi-55	93	4	addition	addition	NOUN
hi-55	93	5	to	to	ADP
hi-55	93	6	understanding	understand	VERB
hi-55	93	7	the	the	DET
hi-55	93	8	exchange	exchange	NOUN
hi-55	93	9	rate	rate	NOUN
hi-55	93	10	behaviour	behaviour	NOUN
hi-55	93	11	in	in	ADP
hi-55	93	12	response	response	NOUN
hi-55	93	13	to	to	ADP
hi-55	93	14	its	its	PRON
hi-55	93	15	macroeconomic	macroeconomic	ADJ
hi-55	93	16	factors	factor	NOUN
hi-55	93	17	,	,	PUNCT
hi-55	93	18	the	the	DET
hi-55	93	19	potential	potential	ADJ
hi-55	93	20	causal	causal	NOUN
hi-55	93	21	association	association	NOUN
hi-55	93	22	between	between	ADP
hi-55	93	23	exchange	exchange	NOUN
hi-55	93	24	rate	rate	NOUN
hi-55	93	25	and	and	CCONJ
hi-55	93	26	macroeconomic	macroeconomic	ADJ
hi-55	93	27	factors	factor	NOUN
hi-55	93	28	may	may	AUX
hi-55	93	29	be	be	AUX
hi-55	93	30	important	important	ADJ
hi-55	93	31	to	to	PART
hi-55	93	32	cover	cover	VERB
hi-55	93	33	the	the	DET
hi-55	93	34	scope	scope	NOUN
hi-55	93	35	of	of	ADP
hi-55	93	36	the	the	DET
hi-55	93	37	research	research	NOUN
hi-55	93	38	.	.	PUNCT
hi-55	94	1	in	in	ADP
hi-55	94	2	this	this	DET
hi-55	94	3	respect	respect	NOUN
hi-55	94	4	application	application	NOUN
hi-55	94	5	of	of	ADP
hi-55	94	6	granger	granger	PROPN
hi-55	94	7	causality	causality	PROPN
hi-55	94	8	test	test	NOUN
hi-55	94	9	is	be	AUX
hi-55	94	10	considered	consider	VERB
hi-55	94	11	to	to	PART
hi-55	94	12	test	test	VERB
hi-55	94	13	the	the	DET
hi-55	94	14	direction	direction	NOUN
hi-55	94	15	of	of	ADP
hi-55	94	16	causality	causality	NOUN
hi-55	94	17	among	among	ADP
hi-55	94	18	the	the	DET
hi-55	94	19	selected	select	VERB
hi-55	94	20	variables	variable	NOUN
hi-55	94	21	.	.	PUNCT
hi-55	95	1	data	datum	NOUN
hi-55	95	2	source	source	VERB
hi-55	95	3	the	the	DET
hi-55	95	4	annual	annual	ADJ
hi-55	95	5	data	datum	NOUN
hi-55	95	6	set	set	VERB
hi-55	95	7	for	for	ADP
hi-55	95	8	the	the	DET
hi-55	95	9	panels	panel	NOUN
hi-55	95	10	of	of	ADP
hi-55	95	11	high	high	ADJ
hi-55	95	12	income	income	NOUN
hi-55	95	13	countries	country	NOUN
hi-55	95	14	,	,	PUNCT
hi-55	95	15	middle	middle	ADJ
hi-55	95	16	income	income	NOUN
hi-55	95	17	countries	country	NOUN
hi-55	95	18	and	and	CCONJ
hi-55	95	19	low	low	ADJ
hi-55	95	20	income	income	NOUN
hi-55	95	21	countries	country	NOUN
hi-55	95	22	covering	cover	VERB
hi-55	95	23	the	the	DET
hi-55	95	24	time	time	NOUN
hi-55	95	25	period	period	NOUN
hi-55	95	26	from	from	ADP
hi-55	95	27	1995	1995	NUM
hi-55	95	28	to	to	ADP
hi-55	95	29	2015	2015	NUM
hi-55	95	30	is	be	AUX
hi-55	95	31	taken	take	VERB
hi-55	95	32	from	from	ADP
hi-55	95	33	world	world	NOUN
hi-55	95	34	development	development	NOUN
hi-55	95	35	indicators	indicator	NOUN
hi-55	95	36	(	(	PUNCT
hi-55	95	37	wdi	wdi	PROPN
hi-55	95	38	)	)	PUNCT
hi-55	95	39	and	and	CCONJ
hi-55	95	40	oecd	oecd	PROPN
hi-55	95	41	countries	country	NOUN
hi-55	95	42	data	data	PROPN
hi-55	95	43	.	.	PUNCT
hi-55	96	1	the	the	DET
hi-55	96	2	countries	country	NOUN
hi-55	96	3	having	have	VERB
hi-55	96	4	gross	gross	ADJ
hi-55	96	5	national	national	ADJ
hi-55	96	6	per	per	ADP
hi-55	96	7	capita	capita	X
hi-55	96	8	income	income	NOUN
hi-55	96	9	12376	12376	NUM
hi-55	96	10	dollars	dollar	NOUN
hi-55	96	11	or	or	CCONJ
hi-55	96	12	more	more	ADJ
hi-55	96	13	are	be	AUX
hi-55	96	14	taken	take	VERB
hi-55	96	15	as	as	ADP
hi-55	96	16	high	high	ADJ
hi-55	96	17	income	income	NOUN
hi-55	96	18	countries	country	NOUN
hi-55	96	19	.	.	PUNCT
hi-55	97	1	the	the	DET
hi-55	97	2	countries	country	NOUN
hi-55	97	3	with	with	ADP
hi-55	97	4	gni	gni	PROPN
hi-55	97	5	per	per	ADP
hi-55	97	6	capita	capita	X
hi-55	97	7	between	between	ADP
hi-55	97	8	1026	1026	NUM
hi-55	97	9	and	and	CCONJ
hi-55	97	10	12375	12375	NUM
hi-55	97	11	dollars	dollar	NOUN
hi-55	97	12	are	be	AUX
hi-55	97	13	classified	classify	VERB
hi-55	97	14	as	as	ADP
hi-55	97	15	middle	middle	ADJ
hi-55	97	16	income	income	NOUN
hi-55	97	17	countries	country	NOUN
hi-55	97	18	and	and	CCONJ
hi-55	97	19	the	the	DET
hi-55	97	20	countries	country	NOUN
hi-55	97	21	with	with	ADP
hi-55	97	22	gni	gni	PROPN
hi-55	97	23	per	per	ADP
hi-55	97	24	hamdard	hamdard	NOUN
hi-55	97	25	islamicus	islamicus	PROPN
hi-55	97	26	vol	vol	NOUN
hi-55	97	27	.	.	PUNCT
hi-55	98	1	xliii	xliii	PROPN
hi-55	98	2	,	,	PUNCT
hi-55	98	3	no	no	INTJ
hi-55	98	4	.	.	NOUN
hi-55	98	5	3	3	NUM
hi-55	98	6	69	69	NUM
hi-55	98	7	capita	capita	NOUN
hi-55	98	8	1025	1025	NUM
hi-55	98	9	dollars	dollar	NOUN
hi-55	98	10	or	or	CCONJ
hi-55	98	11	less	less	ADJ
hi-55	98	12	have	have	AUX
hi-55	98	13	been	be	AUX
hi-55	98	14	selected	select	VERB
hi-55	98	15	as	as	ADP
hi-55	98	16	low	low	ADJ
hi-55	98	17	income	income	NOUN
hi-55	98	18	countries	country	NOUN
hi-55	98	19	.	.	PUNCT
hi-55	99	1	further	far	ADV
hi-55	99	2	in	in	ADP
hi-55	99	3	order	order	NOUN
hi-55	99	4	to	to	PART
hi-55	99	5	fill	fill	VERB
hi-55	99	6	the	the	DET
hi-55	99	7	missing	miss	VERB
hi-55	99	8	values	value	NOUN
hi-55	99	9	,	,	PUNCT
hi-55	99	10	the	the	DET
hi-55	99	11	data	datum	NOUN
hi-55	99	12	have	have	AUX
hi-55	99	13	been	be	AUX
hi-55	99	14	retrieved	retrieve	VERB
hi-55	99	15	from	from	ADP
hi-55	99	16	the	the	DET
hi-55	99	17	official	official	ADJ
hi-55	99	18	websites	website	NOUN
hi-55	99	19	of	of	ADP
hi-55	99	20	the	the	DET
hi-55	99	21	selected	select	VERB
hi-55	99	22	countries	country	NOUN
hi-55	99	23	,	,	PUNCT
hi-55	99	24	especially	especially	ADV
hi-55	99	25	websites	website	NOUN
hi-55	99	26	of	of	ADP
hi-55	99	27	concerned	concerned	ADJ
hi-55	99	28	country	country	NOUN
hi-55	99	29	’s	’s	PART
hi-55	99	30	central	central	ADJ
hi-55	99	31	banks	bank	NOUN
hi-55	99	32	and	and	CCONJ
hi-55	99	33	statistical	statistical	ADJ
hi-55	99	34	bureaus	bureaus	NOUN
hi-55	99	35	.	.	PUNCT
hi-55	100	1	results	result	NOUN
hi-55	100	2	and	and	CCONJ
hi-55	100	3	discussions	discussion	NOUN
hi-55	100	4	estimation	estimation	NOUN
hi-55	100	5	results	result	NOUN
hi-55	100	6	for	for	ADP
hi-55	100	7	panel	panel	NOUN
hi-55	100	8	data	datum	NOUN
hi-55	100	9	set	set	VERB
hi-55	100	10	of	of	ADP
hi-55	100	11	high	high	ADJ
hi-55	100	12	income	income	NOUN
hi-55	100	13	countries	country	NOUN
hi-55	100	14	panel	panel	NOUN
hi-55	100	15	ardl	ardl	NOUN
hi-55	100	16	results	result	NOUN
hi-55	100	17	for	for	ADP
hi-55	100	18	high	high	ADJ
hi-55	100	19	income	income	NOUN
hi-55	100	20	countries	country	NOUN
hi-55	100	21	the	the	DET
hi-55	100	22	result	result	NOUN
hi-55	100	23	of	of	ADP
hi-55	100	24	three	three	NUM
hi-55	100	25	panel	panel	NOUN
hi-55	100	26	unit	unit	NOUN
hi-55	100	27	root	root	NOUN
hi-55	100	28	tests	test	NOUN
hi-55	100	29	for	for	ADP
hi-55	100	30	panel	panel	NOUN
hi-55	100	31	data	datum	NOUN
hi-55	100	32	set	set	VERB
hi-55	100	33	of	of	ADP
hi-55	100	34	high	high	ADJ
hi-55	100	35	income	income	NOUN
hi-55	100	36	countries	country	NOUN
hi-55	100	37	have	have	AUX
hi-55	100	38	been	be	AUX
hi-55	100	39	represented	represent	VERB
hi-55	100	40	in	in	ADP
hi-55	100	41	table	table	NOUN
hi-55	100	42	1	1	NUM
hi-55	100	43	.	.	PUNCT
hi-55	101	1	the	the	DET
hi-55	101	2	test	test	NOUN
hi-55	101	3	results	result	NOUN
hi-55	101	4	indicate	indicate	VERB
hi-55	101	5	that	that	SCONJ
hi-55	101	6	some	some	DET
hi-55	101	7	variables	variable	NOUN
hi-55	101	8	are	be	AUX
hi-55	101	9	stationary	stationary	ADJ
hi-55	101	10	at	at	ADP
hi-55	101	11	level	level	NOUN
hi-55	101	12	while	while	SCONJ
hi-55	101	13	some	some	PRON
hi-55	101	14	are	be	AUX
hi-55	101	15	stationary	stationary	ADJ
hi-55	101	16	at	at	ADP
hi-55	101	17	first	first	ADJ
hi-55	101	18	difference	difference	NOUN
hi-55	101	19	.	.	PUNCT
hi-55	102	1	the	the	DET
hi-55	102	2	situation	situation	NOUN
hi-55	102	3	allows	allow	VERB
hi-55	102	4	the	the	DET
hi-55	102	5	application	application	NOUN
hi-55	102	6	of	of	ADP
hi-55	102	7	panel	panel	NOUN
hi-55	102	8	ardl	ardl	NOUN
hi-55	102	9	only	only	ADV
hi-55	102	10	.	.	PUNCT
hi-55	103	1	the	the	DET
hi-55	103	2	results	result	NOUN
hi-55	103	3	of	of	ADP
hi-55	103	4	panel	panel	NOUN
hi-55	103	5	ardl	ardl	NOUN
hi-55	103	6	estimation	estimation	NOUN
hi-55	103	7	are	be	AUX
hi-55	103	8	shown	show	VERB
hi-55	103	9	in	in	ADP
hi-55	103	10	table	table	NOUN
hi-55	103	11	2	2	NUM
hi-55	103	12	.	.	PUNCT
hi-55	104	1	this	this	DET
hi-55	104	2	technique	technique	NOUN
hi-55	104	3	has	have	VERB
hi-55	104	4	an	an	DET
hi-55	104	5	advantage	advantage	NOUN
hi-55	104	6	that	that	SCONJ
hi-55	104	7	it	it	PRON
hi-55	104	8	does	do	AUX
hi-55	104	9	not	not	PART
hi-55	104	10	assume	assume	VERB
hi-55	104	11	homogeneity	homogeneity	NOUN
hi-55	104	12	of	of	ADP
hi-55	104	13	the	the	DET
hi-55	104	14	coefficients	coefficient	NOUN
hi-55	104	15	.	.	PUNCT
hi-55	105	1	further	far	ADV
hi-55	105	2	it	it	PRON
hi-55	105	3	allows	allow	VERB
hi-55	105	4	the	the	DET
hi-55	105	5	short	short	ADJ
hi-55	105	6	run	run	NOUN
hi-55	105	7	parametric	parametric	ADJ
hi-55	105	8	coefficients	coefficient	NOUN
hi-55	105	9	to	to	PART
hi-55	105	10	differ	differ	VERB
hi-55	105	11	across	across	ADP
hi-55	105	12	the	the	DET
hi-55	105	13	cross	cross	NOUN
hi-55	105	14	-	-	NOUN
hi-55	105	15	sections	section	NOUN
hi-55	105	16	,	,	PUNCT
hi-55	105	17	however	however	ADV
hi-55	105	18	it	it	PRON
hi-55	105	19	computes	compute	VERB
hi-55	105	20	common	common	ADJ
hi-55	105	21	long	long	ADJ
hi-55	105	22	run	run	NOUN
hi-55	105	23	coefficients	coefficient	NOUN
hi-55	105	24	.	.	PUNCT
hi-55	106	1	the	the	DET
hi-55	106	2	estimation	estimation	NOUN
hi-55	106	3	results	result	NOUN
hi-55	106	4	of	of	ADP
hi-55	106	5	exchange	exchange	NOUN
hi-55	106	6	rate	rate	NOUN
hi-55	106	7	volatility	volatility	NOUN
hi-55	106	8	function	function	NOUN
hi-55	106	9	for	for	ADP
hi-55	106	10	the	the	DET
hi-55	106	11	high	high	ADJ
hi-55	106	12	income	income	NOUN
hi-55	106	13	countries	country	NOUN
hi-55	106	14	shown	show	VERB
hi-55	106	15	in	in	ADP
hi-55	106	16	table	table	NOUN
hi-55	106	17	2	2	NUM
hi-55	106	18	established	establish	VERB
hi-55	106	19	that	that	SCONJ
hi-55	106	20	there	there	PRON
hi-55	106	21	exists	exist	VERB
hi-55	106	22	a	a	DET
hi-55	106	23	strong	strong	ADJ
hi-55	106	24	long	long	ADJ
hi-55	106	25	run	run	NOUN
hi-55	106	26	relationship	relationship	NOUN
hi-55	106	27	between	between	ADP
hi-55	106	28	exchange	exchange	NOUN
hi-55	106	29	rate	rate	NOUN
hi-55	106	30	volatility	volatility	NOUN
hi-55	106	31	and	and	CCONJ
hi-55	106	32	the	the	DET
hi-55	106	33	selected	select	VERB
hi-55	106	34	set	set	NOUN
hi-55	106	35	of	of	ADP
hi-55	106	36	macroeconomic	macroeconomic	ADJ
hi-55	106	37	indicators	indicator	NOUN
hi-55	106	38	.	.	PUNCT
hi-55	107	1	whereas	whereas	SCONJ
hi-55	107	2	error	error	NOUN
hi-55	107	3	correction	correction	NOUN
hi-55	107	4	term	term	NOUN
hi-55	107	5	shows	show	VERB
hi-55	107	6	the	the	DET
hi-55	107	7	speed	speed	NOUN
hi-55	107	8	of	of	ADP
hi-55	107	9	adjustment	adjustment	NOUN
hi-55	107	10	which	which	PRON
hi-55	107	11	shows	show	VERB
hi-55	107	12	value	value	NOUN
hi-55	107	13	of	of	ADP
hi-55	107	14	the	the	DET
hi-55	107	15	coefficient	coefficient	NOUN
hi-55	107	16	of	of	ADP
hi-55	107	17	convergence	convergence	NOUN
hi-55	107	18	is	be	AUX
hi-55	107	19	-0.1731	-0.1731	NOUN
hi-55	107	20	,	,	PUNCT
hi-55	107	21	that	that	PRON
hi-55	107	22	is	be	AUX
hi-55	107	23	statistically	statistically	ADV
hi-55	107	24	significant	significant	ADJ
hi-55	107	25	and	and	CCONJ
hi-55	107	26	negative	negative	ADJ
hi-55	107	27	,	,	PUNCT
hi-55	107	28	which	which	PRON
hi-55	107	29	,	,	PUNCT
hi-55	107	30	clearly	clearly	ADV
hi-55	107	31	indicates	indicate	VERB
hi-55	107	32	no	no	DET
hi-55	107	33	omitted	omit	VERB
hi-55	107	34	variable	variable	ADJ
hi-55	107	35	bias	bias	NOUN
hi-55	107	36	.	.	PUNCT
hi-55	108	1	the	the	DET
hi-55	108	2	long	long	ADJ
hi-55	108	3	run	run	NOUN
hi-55	108	4	results	result	NOUN
hi-55	108	5	explain	explain	VERB
hi-55	108	6	that	that	SCONJ
hi-55	108	7	gdpc	gdpc	NOUN
hi-55	108	8	,	,	PUNCT
hi-55	108	9	cab	cab	NOUN
hi-55	108	10	,	,	PUNCT
hi-55	108	11	fdi	fdi	PROPN
hi-55	108	12	,	,	PUNCT
hi-55	108	13	fdev	fdev	NOUN
hi-55	108	14	and	and	CCONJ
hi-55	108	15	gexp	gexp	NOUN
hi-55	108	16	have	have	VERB
hi-55	108	17	negative	negative	ADJ
hi-55	108	18	impact	impact	NOUN
hi-55	108	19	on	on	ADP
hi-55	108	20	exchange	exchange	NOUN
hi-55	108	21	rate	rate	NOUN
hi-55	108	22	volatility	volatility	NOUN
hi-55	108	23	.	.	PUNCT
hi-55	109	1	further	further	ADJ
hi-55	109	2	impact	impact	NOUN
hi-55	109	3	of	of	ADP
hi-55	109	4	inf	inf	NOUN
hi-55	109	5	,	,	PUNCT
hi-55	109	6	reserv	reserv	PROPN
hi-55	109	7	and	and	CCONJ
hi-55	109	8	trade	trade	NOUN
hi-55	109	9	has	have	AUX
hi-55	109	10	been	be	AUX
hi-55	109	11	observed	observe	VERB
hi-55	109	12	positive	positive	ADJ
hi-55	109	13	on	on	ADP
hi-55	109	14	exrv	exrv	NOUN
hi-55	109	15	in	in	ADP
hi-55	109	16	long	long	ADJ
hi-55	109	17	run	run	NOUN
hi-55	109	18	(	(	PUNCT
hi-55	109	19	the	the	DET
hi-55	109	20	findings	finding	NOUN
hi-55	109	21	are	be	AUX
hi-55	109	22	in	in	ADP
hi-55	109	23	line	line	NOUN
hi-55	109	24	with	with	ADP
hi-55	109	25	bobai	bobai	PROPN
hi-55	109	26	et	et	PROPN
hi-55	109	27	al	al	PROPN
hi-55	109	28	.	.	PROPN
hi-55	109	29	,	,	PUNCT
hi-55	109	30	2013	2013	NUM
hi-55	109	31	;	;	PUNCT
hi-55	109	32	devereux	devereux	PROPN
hi-55	109	33	&	&	CCONJ
hi-55	109	34	lane	lane	PROPN
hi-55	109	35	,	,	PUNCT
hi-55	109	36	2003	2003	NUM
hi-55	109	37	;	;	PUNCT
hi-55	109	38	esquivel	esquivel	PROPN
hi-55	109	39	&	&	CCONJ
hi-55	109	40	larrain	larrain	PROPN
hi-55	109	41	,	,	PUNCT
hi-55	109	42	2002	2002	NUM
hi-55	109	43	;	;	PUNCT
hi-55	109	44	grydaki	grydaki	PROPN
hi-55	109	45	&	&	CCONJ
hi-55	109	46	fountas	founta	NOUN
hi-55	109	47	,	,	PUNCT
hi-55	109	48	2009	2009	NUM
hi-55	109	49	)	)	PUNCT
hi-55	109	50	.	.	PUNCT
hi-55	110	1	further	further	PROPN
hi-55	110	2	reserv	reserv	PROPN
hi-55	110	3	and	and	CCONJ
hi-55	110	4	trade	trade	NOUN
hi-55	110	5	are	be	AUX
hi-55	110	6	found	find	VERB
hi-55	110	7	to	to	PART
hi-55	110	8	have	have	VERB
hi-55	110	9	positive	positive	ADJ
hi-55	110	10	contribution	contribution	NOUN
hi-55	110	11	in	in	ADP
hi-55	110	12	exrv	exrv	NOUN
hi-55	110	13	in	in	ADP
hi-55	110	14	long	long	ADJ
hi-55	110	15	run	run	NOUN
hi-55	110	16	and	and	CCONJ
hi-55	110	17	direction	direction	NOUN
hi-55	110	18	of	of	ADP
hi-55	110	19	relationship	relationship	NOUN
hi-55	110	20	is	be	AUX
hi-55	110	21	not	not	PART
hi-55	110	22	as	as	SCONJ
hi-55	110	23	expected	expect	VERB
hi-55	110	24	.	.	PUNCT
hi-55	111	1	most	most	ADV
hi-55	111	2	probable	probable	ADJ
hi-55	111	3	justification	justification	NOUN
hi-55	111	4	of	of	ADP
hi-55	111	5	the	the	DET
hi-55	111	6	positive	positive	ADJ
hi-55	111	7	long	long	ADJ
hi-55	111	8	run	run	NOUN
hi-55	111	9	relationship	relationship	NOUN
hi-55	111	10	between	between	ADP
hi-55	111	11	total	total	ADJ
hi-55	111	12	reserves	reserve	NOUN
hi-55	111	13	and	and	CCONJ
hi-55	111	14	exchange	exchange	NOUN
hi-55	111	15	rate	rate	NOUN
hi-55	111	16	volatility	volatility	NOUN
hi-55	111	17	is	be	AUX
hi-55	111	18	that	that	PRON
hi-55	111	19	high	high	ADJ
hi-55	111	20	income	income	NOUN
hi-55	111	21	countries	country	NOUN
hi-55	111	22	maintained	maintain	VERB
hi-55	111	23	a	a	DET
hi-55	111	24	high	high	ADJ
hi-55	111	25	level	level	NOUN
hi-55	111	26	of	of	ADP
hi-55	111	27	total	total	ADJ
hi-55	111	28	reserves	reserve	NOUN
hi-55	111	29	and	and	CCONJ
hi-55	111	30	further	further	ADJ
hi-55	111	31	increase	increase	NOUN
hi-55	111	32	in	in	ADP
hi-55	111	33	total	total	ADJ
hi-55	111	34	reserves	reserve	NOUN
hi-55	111	35	causes	cause	VERB
hi-55	111	36	increase	increase	NOUN
hi-55	111	37	in	in	ADP
hi-55	111	38	exchange	exchange	NOUN
hi-55	111	39	rate	rate	NOUN
hi-55	111	40	volatility	volatility	NOUN
hi-55	111	41	(	(	PUNCT
hi-55	111	42	see	see	VERB
hi-55	111	43	for	for	ADP
hi-55	111	44	instance	instance	NOUN
hi-55	111	45	,	,	PUNCT
hi-55	111	46	grossmann	grossmann	PROPN
hi-55	111	47	,	,	PUNCT
hi-55	111	48	love	love	NOUN
hi-55	111	49	&	&	CCONJ
hi-55	111	50	orlov	orlov	PROPN
hi-55	111	51	,	,	PUNCT
hi-55	111	52	2014	2014	NUM
hi-55	111	53	)	)	PUNCT
hi-55	111	54	.	.	PUNCT
hi-55	112	1	likewise	likewise	ADV
hi-55	112	2	increase	increase	VERB
hi-55	112	3	in	in	ADP
hi-55	112	4	trade	trade	NOUN
hi-55	112	5	openness	openness	NOUN
hi-55	112	6	also	also	ADV
hi-55	112	7	results	result	VERB
hi-55	112	8	increase	increase	NOUN
hi-55	112	9	in	in	ADP
hi-55	112	10	exchange	exchange	NOUN
hi-55	112	11	rate	rate	NOUN
hi-55	112	12	volatility	volatility	NOUN
hi-55	112	13	in	in	ADP
hi-55	112	14	long	long	ADJ
hi-55	112	15	run	run	NOUN
hi-55	112	16	(	(	PUNCT
hi-55	112	17	ebaidalla	ebaidalla	NOUN
hi-55	112	18	,	,	PUNCT
hi-55	112	19	2014	2014	NUM
hi-55	112	20	;	;	PUNCT
hi-55	112	21	kilicarslan	kilicarslan	PROPN
hi-55	112	22	,	,	PUNCT
hi-55	112	23	2018	2018	NUM
hi-55	112	24	)	)	PUNCT
hi-55	112	25	.	.	PUNCT
hi-55	113	1	70	70	NUM
hi-55	113	2	macroeconomics	macroeconomic	NOUN
hi-55	113	3	indicators	indicator	NOUN
hi-55	113	4	contributing	contribute	VERB
hi-55	113	5	...	...	PUNCT
hi-55	113	6	table	table	NOUN
hi-55	113	7	.	.	PUNCT
hi-55	114	1	1	1	NUM
hi-55	114	2	results	result	NOUN
hi-55	114	3	of	of	ADP
hi-55	114	4	panel	panel	NOUN
hi-55	114	5	unit	unit	NOUN
hi-55	114	6	root	root	NOUN
hi-55	114	7	tests	test	NOUN
hi-55	114	8	for	for	ADP
hi-55	114	9	high	high	ADJ
hi-55	114	10	income	income	NOUN
hi-55	114	11	countries	country	NOUN
hi-55	114	12	variables	variable	VERB
hi-55	114	13	i	i	PRON
hi-55	114	14	m	m	PROPN
hi-55	114	15	,	,	PUNCT
hi-55	114	16	peseran	peseran	PROPN
hi-55	114	17	levin	levin	PROPN
hi-55	114	18	,	,	PUNCT
hi-55	114	19	lin	lin	PROPN
hi-55	114	20	and	and	CCONJ
hi-55	114	21	hadri	hadri	PROPN
hi-55	114	22	z	z	PROPN
hi-55	114	23	-	-	PUNCT
hi-55	114	24	statistics	statistic	NOUN
hi-55	114	25	and	and	CCONJ
hi-55	114	26	shin	shin	NOUN
hi-55	114	27	(	(	PUNCT
hi-55	114	28	ips	ips	PROPN
hi-55	114	29	)	)	PUNCT
hi-55	114	30	chu	chu	PROPN
hi-55	114	31	(	(	PUNCT
hi-55	114	32	llc	llc	PROPN
hi-55	114	33	)	)	PUNCT
hi-55	114	34	level	level	NOUN
hi-55	114	35	first	first	ADJ
hi-55	114	36	level	level	NOUN
hi-55	114	37	first	first	ADJ
hi-55	114	38	level	level	NOUN
hi-55	114	39	first	first	ADJ
hi-55	114	40	diff	diff	NOUN
hi-55	114	41	.	.	PUNCT
hi-55	115	1	diff	diff	PROPN
hi-55	115	2	.	.	PUNCT
hi-55	116	1	diff	diff	PROPN
hi-55	116	2	.	.	PUNCT
hi-55	117	1	lexrv	lexrv	PROPN
hi-55	117	2	-6.299	-6.299	PROPN
hi-55	117	3	-6.281	-6.281	PROPN
hi-55	117	4	8.434	8.434	NUM
hi-55	117	5	3.335	3.335	NUM
hi-55	117	6	(	(	PUNCT
hi-55	117	7	0.000	0.000	NUM
hi-55	117	8	)	)	PUNCT
hi-55	117	9	12.361	12.361	NUM
hi-55	117	10	(	(	PUNCT
hi-55	117	11	0.000	0.000	NUM
hi-55	117	12	)	)	PUNCT
hi-55	117	13	15.973	15.973	NUM
hi-55	117	14	(	(	PUNCT
hi-55	117	15	0.009	0.009	NUM
hi-55	117	16	)	)	PUNCT
hi-55	117	17	(	(	PUNCT
hi-55	117	18	0.000	0.000	NUM
hi-55	117	19	)	)	PUNCT
hi-55	117	20	(	(	PUNCT
hi-55	117	21	0.000	0.000	NUM
hi-55	117	22	)	)	PUNCT
hi-55	117	23	(	(	PUNCT
hi-55	117	24	0.000	0.000	X
hi-55	117	25	)	)	PUNCT
hi-55	118	1	lexrl	lexrl	PROPN
hi-55	118	2	-1.357	-1.357	INTJ
hi-55	118	3	-2.519	-2.519	X
hi-55	118	4	-0.477	-0.477	NOUN
hi-55	118	5	-8.631	-8.631	NOUN
hi-55	119	1	7.856	7.856	NUM
hi-55	119	2	13.464	13.464	NUM
hi-55	119	3	(	(	PUNCT
hi-55	119	4	0.087	0.087	NUM
hi-55	119	5	)	)	PUNCT
hi-55	119	6	(	(	PUNCT
hi-55	119	7	0.005	0.005	NUM
hi-55	119	8	)	)	PUNCT
hi-55	119	9	(	(	PUNCT
hi-55	119	10	0.000	0.000	NUM
hi-55	119	11	)	)	PUNCT
hi-55	119	12	(	(	PUNCT
hi-55	119	13	0.316	0.316	NUM
hi-55	119	14	)	)	PUNCT
hi-55	119	15	(	(	PUNCT
hi-55	119	16	0.000	0.000	NUM
hi-55	119	17	)	)	PUNCT
hi-55	119	18	(	(	PUNCT
hi-55	119	19	0.000	0.000	X
hi-55	119	20	)	)	PUNCT
hi-55	119	21	lgdpc	lgdpc	NOUN
hi-55	120	1	4.389	4.389	NUM
hi-55	120	2	-4.889	-4.889	NOUN
hi-55	120	3	4.502	4.502	NUM
hi-55	120	4	8.994	8.994	NUM
hi-55	120	5	12.977	12.977	NUM
hi-55	120	6	(	(	PUNCT
hi-55	120	7	1.000	1.000	NUM
hi-55	120	8	)	)	PUNCT
hi-55	120	9	(	(	PUNCT
hi-55	120	10	0.000	0.000	NUM
hi-55	120	11	)	)	PUNCT
hi-55	120	12	(	(	PUNCT
hi-55	120	13	0.000	0.000	NUM
hi-55	120	14	)	)	PUNCT
hi-55	120	15	11.326	11.326	NUM
hi-55	120	16	(	(	PUNCT
hi-55	120	17	1.000	1.000	NUM
hi-55	120	18	)	)	PUNCT
hi-55	120	19	(	(	PUNCT
hi-55	120	20	0.000	0.000	NUM
hi-55	120	21	)	)	PUNCT
hi-55	120	22	(	(	PUNCT
hi-55	120	23	0.000	0.000	X
hi-55	120	24	)	)	PUNCT
hi-55	120	25	lcab	lcab	NOUN
hi-55	120	26	-1.743	-1.743	PUNCT
hi-55	120	27	-3.168	-3.168	VERB
hi-55	120	28	8.373	8.373	NUM
hi-55	120	29	10.761	10.761	NUM
hi-55	120	30	(	(	PUNCT
hi-55	120	31	0.041	0.041	NUM
hi-55	120	32	)	)	PUNCT
hi-55	120	33	17.988	17.988	NUM
hi-55	120	34	(	(	PUNCT
hi-55	120	35	0.001	0.001	NUM
hi-55	120	36	)	)	PUNCT
hi-55	120	37	19.591	19.591	NUM
hi-55	120	38	(	(	PUNCT
hi-55	120	39	0.000	0.000	NUM
hi-55	120	40	)	)	PUNCT
hi-55	120	41	(	(	PUNCT
hi-55	120	42	0.000	0.000	NUM
hi-55	120	43	)	)	PUNCT
hi-55	120	44	(	(	PUNCT
hi-55	120	45	0.000	0.000	NUM
hi-55	120	46	)	)	PUNCT
hi-55	120	47	(	(	PUNCT
hi-55	120	48	0.000	0.000	X
hi-55	120	49	)	)	PUNCT
hi-55	120	50	lfdi	lfdi	ADJ
hi-55	120	51	-9.293	-9.293	PUNCT
hi-55	120	52	4.573	4.573	NUM
hi-55	120	53	49.664	49.664	NUM
hi-55	120	54	10.561	10.561	NUM
hi-55	120	55	23.674	23.674	NUM
hi-55	120	56	(	(	PUNCT
hi-55	120	57	0.000	0.000	NUM
hi-55	120	58	)	)	PUNCT
hi-55	120	59	23.291	23.291	NUM
hi-55	120	60	(	(	PUNCT
hi-55	120	61	0.462	0.462	NUM
hi-55	120	62	)	)	PUNCT
hi-55	120	63	(	(	PUNCT
hi-55	120	64	0.000	0.000	NUM
hi-55	120	65	)	)	PUNCT
hi-55	120	66	(	(	PUNCT
hi-55	120	67	0.000	0.000	NUM
hi-55	120	68	)	)	PUNCT
hi-55	120	69	(	(	PUNCT
hi-55	120	70	0.000	0.000	NUM
hi-55	120	71	)	)	PUNCT
hi-55	120	72	(	(	PUNCT
hi-55	120	73	0.000	0.000	X
hi-55	120	74	)	)	PUNCT
hi-55	120	75	lfdev	lfdev	NOUN
hi-55	120	76	-0.904	-0.904	PUNCT
hi-55	120	77	-3.627	-3.627	PUNCT
hi-55	120	78	9.848	9.848	NUM
hi-55	120	79	22.767	22.767	NUM
hi-55	120	80	(	(	PUNCT
hi-55	120	81	0.183	0.183	NUM
hi-55	120	82	)	)	PUNCT
hi-55	120	83	10.821	10.821	NUM
hi-55	120	84	(	(	PUNCT
hi-55	120	85	0.000	0.000	NUM
hi-55	120	86	)	)	PUNCT
hi-55	120	87	13.720	13.720	NUM
hi-55	120	88	(	(	PUNCT
hi-55	120	89	0.000	0.000	NUM
hi-55	120	90	)	)	PUNCT
hi-55	120	91	(	(	PUNCT
hi-55	120	92	0.000	0.000	NUM
hi-55	120	93	)	)	PUNCT
hi-55	120	94	(	(	PUNCT
hi-55	120	95	0.000	0.000	NUM
hi-55	120	96	)	)	PUNCT
hi-55	120	97	(	(	PUNCT
hi-55	120	98	0.000	0.000	X
hi-55	120	99	)	)	PUNCT
hi-55	120	100	lgexp	lgexp	NOUN
hi-55	120	101	-1.183	-1.183	PUNCT
hi-55	120	102	-2.149	-2.149	PUNCT
hi-55	120	103	12.329	12.329	NUM
hi-55	120	104	13.230	13.230	NUM
hi-55	120	105	(	(	PUNCT
hi-55	120	106	0.118	0.118	NUM
hi-55	120	107	)	)	PUNCT
hi-55	120	108	12.843	12.843	NUM
hi-55	120	109	(	(	PUNCT
hi-55	120	110	0.015	0.015	NUM
hi-55	120	111	)	)	PUNCT
hi-55	120	112	16.781	16.781	NUM
hi-55	120	113	(	(	PUNCT
hi-55	120	114	0.000	0.000	NUM
hi-55	120	115	)	)	PUNCT
hi-55	120	116	(	(	PUNCT
hi-55	120	117	0.000	0.000	NUM
hi-55	120	118	)	)	PUNCT
hi-55	120	119	(	(	PUNCT
hi-55	120	120	0.000	0.000	NUM
hi-55	120	121	)	)	PUNCT
hi-55	120	122	(	(	PUNCT
hi-55	120	123	0.000	0.000	X
hi-55	120	124	)	)	PUNCT
hi-55	120	125	linf	linf	NOUN
hi-55	120	126	-7.406	-7.406	PUNCT
hi-55	120	127	-9.579	-9.579	NUM
hi-55	120	128	8.582	8.582	NUM
hi-55	120	129	25.246	25.246	NUM
hi-55	120	130	(	(	PUNCT
hi-55	120	131	0.000	0.000	NUM
hi-55	120	132	)	)	PUNCT
hi-55	120	133	19.522	19.522	NUM
hi-55	120	134	(	(	PUNCT
hi-55	120	135	0.000	0.000	NUM
hi-55	120	136	)	)	PUNCT
hi-55	120	137	21.051	21.051	NUM
hi-55	120	138	(	(	PUNCT
hi-55	120	139	0.000	0.000	NUM
hi-55	120	140	)	)	PUNCT
hi-55	120	141	(	(	PUNCT
hi-55	120	142	0.000	0.000	NUM
hi-55	120	143	)	)	PUNCT
hi-55	120	144	(	(	PUNCT
hi-55	120	145	0.000	0.000	NUM
hi-55	120	146	)	)	PUNCT
hi-55	120	147	(	(	PUNCT
hi-55	120	148	0.000	0.000	X
hi-55	120	149	)	)	PUNCT
hi-55	120	150	lreserv	lreserv	NOUN
hi-55	120	151	0.411	0.411	NUM
hi-55	120	152	-0.338	-0.338	NUM
hi-55	120	153	11.470	11.470	NUM
hi-55	120	154	6.600	6.600	NUM
hi-55	120	155	(	(	PUNCT
hi-55	120	156	0.659	0.659	NUM
hi-55	120	157	)	)	PUNCT
hi-55	120	158	13.149	13.149	NUM
hi-55	120	159	(	(	PUNCT
hi-55	120	160	0.367	0.367	NUM
hi-55	120	161	)	)	PUNCT
hi-55	120	162	17.022	17.022	NUM
hi-55	120	163	(	(	PUNCT
hi-55	120	164	0.000	0.000	NUM
hi-55	120	165	)	)	PUNCT
hi-55	120	166	(	(	PUNCT
hi-55	120	167	0.000	0.000	NUM
hi-55	120	168	)	)	PUNCT
hi-55	120	169	(	(	PUNCT
hi-55	120	170	0.000	0.000	NUM
hi-55	120	171	)	)	PUNCT
hi-55	120	172	(	(	PUNCT
hi-55	120	173	0.000	0.000	X
hi-55	120	174	)	)	PUNCT
hi-55	120	175	ltrade	ltrade	NOUN
hi-55	120	176	-0.257	-0.257	PUNCT
hi-55	120	177	-1.981	-1.981	PUNCT
hi-55	120	178	12.660	12.660	NUM
hi-55	120	179	7.317	7.317	NUM
hi-55	120	180	(	(	PUNCT
hi-55	120	181	0.397	0.397	NUM
hi-55	120	182	)	)	PUNCT
hi-55	120	183	14.218	14.218	NUM
hi-55	120	184	(	(	PUNCT
hi-55	120	185	0.023	0.023	NUM
hi-55	120	186	)	)	PUNCT
hi-55	120	187	15.955	15.955	NUM
hi-55	120	188	(	(	PUNCT
hi-55	120	189	0.000	0.000	NUM
hi-55	120	190	)	)	PUNCT
hi-55	120	191	(	(	PUNCT
hi-55	120	192	0.000	0.000	NUM
hi-55	120	193	)	)	PUNCT
hi-55	120	194	(	(	PUNCT
hi-55	120	195	0.000	0.000	NUM
hi-55	120	196	)	)	PUNCT
hi-55	120	197	(	(	PUNCT
hi-55	120	198	0.000	0.000	X
hi-55	120	199	)	)	PUNCT
hi-55	120	200	hamdard	hamdard	ADJ
hi-55	120	201	islamicus	islamicus	NOUN
hi-55	120	202	vol	vol	NOUN
hi-55	120	203	.	.	PUNCT
hi-55	121	1	xliii	xliii	PROPN
hi-55	121	2	,	,	PUNCT
hi-55	121	3	no	no	INTJ
hi-55	121	4	.	.	NOUN
hi-55	121	5	3	3	NUM
hi-55	121	6	71	71	NUM
hi-55	121	7	note	note	NOUN
hi-55	121	8	:	:	PUNCT
hi-55	121	9	values	value	NOUN
hi-55	121	10	in	in	ADP
hi-55	121	11	parentheses	parenthesis	NOUN
hi-55	121	12	are	be	AUX
hi-55	121	13	estimated	estimate	VERB
hi-55	121	14	p	p	ADJ
hi-55	121	15	values	value	NOUN
hi-55	121	16	.	.	PUNCT
hi-55	122	1	the	the	DET
hi-55	122	2	options	option	NOUN
hi-55	122	3	used	use	VERB
hi-55	122	4	are	be	AUX
hi-55	122	5	:	:	PUNCT
hi-55	122	6	individual	individual	ADJ
hi-55	122	7	trend	trend	NOUN
hi-55	122	8	and	and	CCONJ
hi-55	122	9	intercept	intercept	NOUN
hi-55	122	10	,	,	PUNCT
hi-55	122	11	lag	lag	NOUN
hi-55	122	12	length	length	NOUN
hi-55	122	13	chosen	choose	VERB
hi-55	122	14	by	by	ADP
hi-55	122	15	schwarz	schwarz	PROPN
hi-55	122	16	automatic	automatic	ADJ
hi-55	122	17	selection	selection	NOUN
hi-55	122	18	(	(	PUNCT
hi-55	122	19	schwarz	schwarz	NOUN
hi-55	122	20	,	,	PUNCT
hi-55	122	21	1978	1978	NUM
hi-55	122	22	)	)	PUNCT
hi-55	122	23	,	,	PUNCT
hi-55	122	24	kernel	kernel	PROPN
hi-55	122	25	method	method	NOUN
hi-55	122	26	of	of	ADP
hi-55	122	27	bartlett	bartlett	PROPN
hi-55	122	28	(	(	PUNCT
hi-55	122	29	bartlett	bartlett	PROPN
hi-55	122	30	,	,	PUNCT
hi-55	122	31	1948	1948	NUM
hi-55	122	32	)	)	PUNCT
hi-55	122	33	obtained	obtain	VERB
hi-55	122	34	by	by	ADP
hi-55	122	35	special	special	ADJ
hi-55	122	36	estimation	estimation	NOUN
hi-55	122	37	and	and	CCONJ
hi-55	122	38	bandwidth	bandwidth	ADJ
hi-55	122	39	selection	selection	NOUN
hi-55	122	40	by	by	ADP
hi-55	122	41	automatic	automatic	ADJ
hi-55	122	42	newey	newey	NOUN
hi-55	122	43	-	-	PUNCT
hi-55	122	44	west	west	PROPN
hi-55	122	45	(	(	PUNCT
hi-55	122	46	newey	newey	PROPN
hi-55	122	47	&	&	CCONJ
hi-55	122	48	west	west	PROPN
hi-55	122	49	,	,	PUNCT
hi-55	122	50	1994	1994	NUM
hi-55	122	51	)	)	PUNCT
hi-55	122	52	table	table	NOUN
hi-55	122	53	.	.	PUNCT
hi-55	123	1	2	2	NUM
hi-55	123	2	results	result	NOUN
hi-55	123	3	of	of	ADP
hi-55	123	4	pooled	pooled	ADJ
hi-55	123	5	mean	mean	NOUN
hi-55	123	6	group	group	NOUN
hi-55	123	7	regression	regression	NOUN
hi-55	123	8	of	of	ADP
hi-55	123	9	ardl	ardl	NOUN
hi-55	123	10	for	for	ADP
hi-55	123	11	exchange	exchange	NOUN
hi-55	123	12	rate	rate	NOUN
hi-55	123	13	behaviour	behaviour	NOUN
hi-55	123	14	in	in	ADP
hi-55	123	15	high	high	ADJ
hi-55	123	16	income	income	NOUN
hi-55	123	17	countries	country	NOUN
hi-55	123	18	independent	independent	ADJ
hi-55	123	19	dependent	dependent	ADJ
hi-55	123	20	variable	variable	ADJ
hi-55	123	21	dependent	dependent	ADJ
hi-55	123	22	variable	variable	ADJ
hi-55	123	23	variables	variable	NOUN
hi-55	123	24	lexrv	lexrv	ADV
hi-55	123	25	lexrl	lexrl	PROPN
hi-55	123	26	coefficient	coefficient	PROPN
hi-55	123	27	z	z	PROPN
hi-55	123	28	coefficient	coefficient	PROPN
hi-55	123	29	z	z	PROPN
hi-55	123	30	statistics	statistics	PROPN
hi-55	123	31	statistics	statistic	NOUN
hi-55	123	32	long	long	ADV
hi-55	123	33	run	run	VERB
hi-55	123	34	results	result	NOUN
hi-55	123	35	lgdpc	lgdpc	PROPN
hi-55	123	36	-0.0406	-0.0406	VERB
hi-55	123	37	-4.85	-4.85	PROPN
hi-55	123	38	*	*	NOUN
hi-55	123	39	-0.8731	-0.8731	NOUN
hi-55	123	40	-15.38	-15.38	X
hi-55	123	41	*	*	PUNCT
hi-55	123	42	(	(	PUNCT
hi-55	123	43	0.000	0.000	NUM
hi-55	123	44	)	)	PUNCT
hi-55	123	45	(	(	PUNCT
hi-55	123	46	0.000	0.000	X
hi-55	123	47	)	)	PUNCT
hi-55	123	48	lcab	lcab	NOUN
hi-55	123	49	-0.0196	-0.0196	NOUN
hi-55	123	50	-5.02	-5.02	NUM
hi-55	123	51	*	*	NOUN
hi-55	123	52	0.0633	0.0633	NUM
hi-55	123	53	3.84	3.84	NUM
hi-55	123	54	*	*	PUNCT
hi-55	123	55	(	(	PUNCT
hi-55	123	56	0.000	0.000	NUM
hi-55	123	57	)	)	PUNCT
hi-55	123	58	(	(	PUNCT
hi-55	123	59	0.000	0.000	X
hi-55	123	60	)	)	PUNCT
hi-55	123	61	lfdi	lfdi	ADJ
hi-55	123	62	-0.0119	-0.0119	NOUN
hi-55	123	63	-5.99	-5.99	NUM
hi-55	123	64	*	*	PUNCT
hi-55	123	65	0.0882	0.0882	NUM
hi-55	123	66	7.53	7.53	NUM
hi-55	123	67	*	*	PUNCT
hi-55	123	68	(	(	PUNCT
hi-55	123	69	0.000	0.000	NUM
hi-55	123	70	)	)	PUNCT
hi-55	123	71	(	(	PUNCT
hi-55	123	72	0.000	0.000	X
hi-55	123	73	)	)	PUNCT
hi-55	123	74	lfdev	lfdev	NOUN
hi-55	123	75	-0.0317	-0.0317	VERB
hi-55	123	76	-1.66	-1.66	NOUN
hi-55	123	77	*	*	NOUN
hi-55	123	78	*	*	PUNCT
hi-55	123	79	*	*	PUNCT
hi-55	123	80	0.0035	0.0035	NUM
hi-55	123	81	0.14	0.14	NUM
hi-55	123	82	(	(	PUNCT
hi-55	123	83	0.098	0.098	NUM
hi-55	123	84	)	)	PUNCT
hi-55	123	85	(	(	PUNCT
hi-55	123	86	0.886	0.886	NUM
hi-55	123	87	)	)	PUNCT
hi-55	123	88	lgexp	lgexp	PROPN
hi-55	123	89	-0.3244	-0.3244	PROPN
hi-55	124	1	-3.81	-3.81	NUM
hi-55	124	2	*	*	PROPN
hi-55	124	3	-0.7850	-0.7850	NOUN
hi-55	124	4	-6.13	-6.13	PRON
hi-55	124	5	*	*	PUNCT
hi-55	124	6	(	(	PUNCT
hi-55	124	7	0.000	0.000	NUM
hi-55	124	8	)	)	PUNCT
hi-55	124	9	(	(	PUNCT
hi-55	124	10	0.000	0.000	X
hi-55	124	11	)	)	PUNCT
hi-55	124	12	linf	linf	NOUN
hi-55	124	13	0.0503	0.0503	NUM
hi-55	124	14	5.75	5.75	NUM
hi-55	124	15	*	*	PUNCT
hi-55	124	16	0.1258	0.1258	NUM
hi-55	124	17	6.06	6.06	NUM
hi-55	124	18	*	*	SYM
hi-55	124	19	(	(	PUNCT
hi-55	124	20	0.000	0.000	NUM
hi-55	124	21	)	)	PUNCT
hi-55	124	22	(	(	PUNCT
hi-55	124	23	0.000	0.000	X
hi-55	124	24	)	)	PUNCT
hi-55	124	25	lreserv	lreserv	VERB
hi-55	124	26	0.0265	0.0265	NUM
hi-55	124	27	4.93	4.93	NUM
hi-55	124	28	*	*	NUM
hi-55	124	29	0.4193	0.4193	NUM
hi-55	124	30	11.72	11.72	NUM
hi-55	124	31	*	*	SYM
hi-55	124	32	(	(	PUNCT
hi-55	124	33	0.000	0.000	NUM
hi-55	124	34	)	)	PUNCT
hi-55	124	35	(	(	PUNCT
hi-55	124	36	0.000	0.000	X
hi-55	124	37	)	)	PUNCT
hi-55	124	38	ltrade	ltrade	VERB
hi-55	124	39	0.0032	0.0032	NUM
hi-55	124	40	5.53	5.53	NUM
hi-55	124	41	*	*	PUNCT
hi-55	124	42	0.0136	0.0136	NUM
hi-55	124	43	7.50	7.50	NUM
hi-55	124	44	*	*	PUNCT
hi-55	124	45	(	(	PUNCT
hi-55	124	46	0.000	0.000	NUM
hi-55	124	47	)	)	PUNCT
hi-55	124	48	(	(	PUNCT
hi-55	124	49	0.000	0.000	X
hi-55	124	50	)	)	PUNCT
hi-55	124	51	short	short	ADJ
hi-55	124	52	run	run	NOUN
hi-55	124	53	results	result	NOUN
hi-55	124	54	ect	ect	VERB
hi-55	124	55	-0.1732	-0.1732	NOUN
hi-55	124	56	-4.93	-4.93	NUM
hi-55	124	57	*	*	SYM
hi-55	124	58	-0.0141	-0.0141	X
hi-55	124	59	-1.27	-1.27	X
hi-55	125	1	(	(	PUNCT
hi-55	125	2	0.000	0.000	NUM
hi-55	125	3	)	)	PUNCT
hi-55	125	4	(	(	PUNCT
hi-55	125	5	0.205	0.205	NUM
hi-55	125	6	)	)	PUNCT
hi-55	125	7	72	72	NUM
hi-55	125	8	macroeconomics	macroeconomic	NOUN
hi-55	125	9	indicators	indicator	NOUN
hi-55	125	10	contributing	contribute	VERB
hi-55	125	11	...	...	PUNCT
hi-55	125	12	independent	independent	ADJ
hi-55	125	13	dependent	dependent	ADJ
hi-55	125	14	variable	variable	ADJ
hi-55	125	15	dependent	dependent	ADJ
hi-55	125	16	variable	variable	ADJ
hi-55	125	17	variables	variable	NOUN
hi-55	125	18	lexrv	lexrv	ADV
hi-55	125	19	lexrl	lexrl	PROPN
hi-55	125	20	coefficient	coefficient	PROPN
hi-55	125	21	z	z	PROPN
hi-55	125	22	coefficient	coefficient	PROPN
hi-55	125	23	z	z	PROPN
hi-55	125	24	statistics	statistics	PROPN
hi-55	125	25	statistics	statistics	PROPN
hi-55	125	26	lgdpc	lgdpc	PROPN
hi-55	125	27	-0.4759	-0.4759	VERB
hi-55	125	28	-1.79	-1.79	ADJ
hi-55	125	29	*	*	NOUN
hi-55	125	30	*	*	ADJ
hi-55	125	31	*	*	NOUN
hi-55	125	32	-0.6523	-0.6523	NOUN
hi-55	125	33	-12.95	-12.95	PROPN
hi-55	125	34	*	*	PUNCT
hi-55	125	35	(	(	PUNCT
hi-55	125	36	0.074	0.074	NUM
hi-55	125	37	)	)	PUNCT
hi-55	125	38	(	(	PUNCT
hi-55	125	39	0.000	0.000	X
hi-55	125	40	)	)	PUNCT
hi-55	125	41	lcab	lcab	NOUN
hi-55	125	42	-0.0185	-0.0185	NOUN
hi-55	125	43	-0.28	-0.28	NUM
hi-55	125	44	0.0011	0.0011	NUM
hi-55	125	45	0.21	0.21	NUM
hi-55	125	46	(	(	PUNCT
hi-55	125	47	0.782	0.782	NUM
hi-55	125	48	)	)	PUNCT
hi-55	125	49	(	(	PUNCT
hi-55	125	50	0.832	0.832	NUM
hi-55	125	51	)	)	PUNCT
hi-55	125	52	lfdi	lfdi	NOUN
hi-55	125	53	0.0281	0.0281	NUM
hi-55	125	54	0.98	0.98	NUM
hi-55	125	55	0.0012	0.0012	NUM
hi-55	125	56	0.70	0.70	NUM
hi-55	125	57	(	(	PUNCT
hi-55	125	58	0.327	0.327	NUM
hi-55	125	59	)	)	PUNCT
hi-55	125	60	(	(	PUNCT
hi-55	125	61	0.483	0.483	NUM
hi-55	125	62	)	)	PUNCT
hi-55	125	63	lfdev	lfdev	NOUN
hi-55	125	64	0.0958	0.0958	NUM
hi-55	126	1	0.45	0.45	NUM
hi-55	126	2	0.0216	0.0216	NUM
hi-55	126	3	0.76	0.76	NUM
hi-55	126	4	(	(	PUNCT
hi-55	126	5	0.656	0.656	NUM
hi-55	126	6	)	)	PUNCT
hi-55	126	7	(	(	PUNCT
hi-55	126	8	0.450	0.450	NUM
hi-55	126	9	)	)	PUNCT
hi-55	126	10	lgexp	lgexp	NOUN
hi-55	126	11	-0.2822	-0.2822	PROPN
hi-55	126	12	-0.34	-0.34	NOUN
hi-55	126	13	-0.2055	-0.2055	NOUN
hi-55	126	14	-4.90	-4.90	NOUN
hi-55	126	15	*	*	PUNCT
hi-55	126	16	(	(	PUNCT
hi-55	126	17	0.735	0.735	NUM
hi-55	126	18	)	)	PUNCT
hi-55	126	19	(	(	PUNCT
hi-55	126	20	0.000	0.000	X
hi-55	126	21	)	)	PUNCT
hi-55	126	22	linf	linf	ADJ
hi-55	126	23	-0.0234	-0.0234	NOUN
hi-55	126	24	-0.92	-0.92	PUNCT
hi-55	126	25	0.0094	0.0094	NUM
hi-55	126	26	3.35	3.35	NUM
hi-55	126	27	*	*	PUNCT
hi-55	126	28	(	(	PUNCT
hi-55	126	29	0.355	0.355	NUM
hi-55	126	30	)	)	PUNCT
hi-55	126	31	(	(	PUNCT
hi-55	126	32	0.001	0.001	NUM
hi-55	126	33	)	)	PUNCT
hi-55	126	34	lreserv	lreserv	NOUN
hi-55	126	35	0.0145	0.0145	NUM
hi-55	126	36	0.17	0.17	NUM
hi-55	126	37	-0.0107	-0.0107	NOUN
hi-55	126	38	-1.12	-1.12	NUM
hi-55	126	39	(	(	PUNCT
hi-55	126	40	0.867	0.867	NUM
hi-55	126	41	)	)	PUNCT
hi-55	126	42	(	(	PUNCT
hi-55	126	43	0.264	0.264	NOUN
hi-55	126	44	)	)	PUNCT
hi-55	126	45	ltrade	ltrade	NOUN
hi-55	126	46	-0.0392	-0.0392	NOUN
hi-55	126	47	-0.41	-0.41	CCONJ
hi-55	126	48	0.0084	0.0084	NUM
hi-55	126	49	1.32	1.32	NUM
hi-55	126	50	(	(	PUNCT
hi-55	126	51	0.679	0.679	NUM
hi-55	126	52	)	)	PUNCT
hi-55	126	53	(	(	PUNCT
hi-55	126	54	0.188	0.188	NUM
hi-55	126	55	)	)	PUNCT
hi-55	126	56	number	number	NOUN
hi-55	126	57	of	of	ADP
hi-55	126	58	groups	group	NOUN
hi-55	126	59	44	44	NUM
hi-55	126	60	44	44	NUM
hi-55	126	61	no	no	NOUN
hi-55	126	62	.	.	PUNCT
hi-55	127	1	of	of	ADP
hi-55	127	2	observations	observation	NOUN
hi-55	127	3	880	880	NUM
hi-55	127	4	880	880	NUM
hi-55	127	5	log	log	NOUN
hi-55	127	6	likelihood	likelihood	NOUN
hi-55	127	7	2078.526	2078.526	NUM
hi-55	127	8	2791.97	2791.97	NUM
hi-55	127	9	note	note	VERB
hi-55	127	10	:	:	PUNCT
hi-55	127	11	*	*	PUNCT
hi-55	127	12	,	,	PUNCT
hi-55	127	13	*	*	PUNCT
hi-55	127	14	*	*	PUNCT
hi-55	127	15	and	and	CCONJ
hi-55	127	16	*	*	PUNCT
hi-55	127	17	*	*	PUNCT
hi-55	127	18	*	*	PUNCT
hi-55	127	19	represent	represent	VERB
hi-55	127	20	1	1	NUM
hi-55	127	21	,	,	PUNCT
hi-55	127	22	5	5	NUM
hi-55	127	23	and	and	CCONJ
hi-55	127	24	10	10	NUM
hi-55	127	25	percent	percent	NOUN
hi-55	127	26	level	level	NOUN
hi-55	127	27	of	of	ADP
hi-55	127	28	significance	significance	NOUN
hi-55	127	29	respectively	respectively	ADV
hi-55	127	30	.	.	PUNCT
hi-55	128	1	values	value	NOUN
hi-55	128	2	in	in	ADP
hi-55	128	3	parentheses	parenthesis	NOUN
hi-55	128	4	are	be	AUX
hi-55	128	5	estimated	estimate	VERB
hi-55	128	6	p	p	ADJ
hi-55	128	7	values	value	NOUN
hi-55	128	8	.	.	PUNCT
hi-55	129	1	the	the	DET
hi-55	129	2	results	result	NOUN
hi-55	129	3	represented	represent	VERB
hi-55	129	4	on	on	ADP
hi-55	129	5	right	right	ADJ
hi-55	129	6	hand	hand	NOUN
hi-55	129	7	side	side	NOUN
hi-55	129	8	in	in	ADP
hi-55	129	9	table	table	NOUN
hi-55	129	10	2	2	NUM
hi-55	129	11	are	be	AUX
hi-55	129	12	the	the	DET
hi-55	129	13	panel	panel	NOUN
hi-55	129	14	ardl	ardl	NOUN
hi-55	129	15	estimates	estimate	NOUN
hi-55	129	16	for	for	ADP
hi-55	129	17	exchange	exchange	NOUN
hi-55	129	18	rate	rate	NOUN
hi-55	129	19	level	level	NOUN
hi-55	129	20	function	function	NOUN
hi-55	129	21	.	.	PUNCT
hi-55	130	1	the	the	DET
hi-55	130	2	results	result	NOUN
hi-55	130	3	show	show	VERB
hi-55	130	4	strong	strong	ADJ
hi-55	130	5	long	long	ADJ
hi-55	130	6	run	run	NOUN
hi-55	130	7	association	association	NOUN
hi-55	130	8	between	between	ADP
hi-55	130	9	the	the	DET
hi-55	130	10	exchange	exchange	NOUN
hi-55	130	11	rate	rate	NOUN
hi-55	130	12	level	level	NOUN
hi-55	130	13	and	and	CCONJ
hi-55	130	14	macroeconomic	macroeconomic	ADJ
hi-55	130	15	indicators	indicator	NOUN
hi-55	130	16	as	as	SCONJ
hi-55	130	17	all	all	DET
hi-55	130	18	the	the	DET
hi-55	130	19	independent	independent	ADJ
hi-55	130	20	variables	variable	NOUN
hi-55	130	21	are	be	AUX
hi-55	130	22	significant	significant	ADJ
hi-55	130	23	at	at	ADP
hi-55	130	24	level	level	NOUN
hi-55	130	25	of	of	ADP
hi-55	130	26	one	one	NUM
hi-55	130	27	percent	percent	NOUN
hi-55	130	28	except	except	SCONJ
hi-55	130	29	financial	financial	ADJ
hi-55	130	30	development	development	NOUN
hi-55	130	31	.	.	PUNCT
hi-55	131	1	hamdard	hamdard	ADJ
hi-55	131	2	islamicus	islamicus	PROPN
hi-55	131	3	vol	vol	NOUN
hi-55	131	4	.	.	PUNCT
hi-55	132	1	xliii	xliii	PROPN
hi-55	132	2	,	,	PUNCT
hi-55	132	3	no	no	INTJ
hi-55	132	4	.	.	NOUN
hi-55	132	5	3	3	NUM
hi-55	132	6	73	73	NUM
hi-55	132	7	table	table	NOUN
hi-55	132	8	.	.	PUNCT
hi-55	133	1	3	3	NUM
hi-55	133	2	panel	panel	NOUN
hi-55	133	3	granger	granger	PROPN
hi-55	133	4	causality	causality	PROPN
hi-55	133	5	test	test	NOUN
hi-55	133	6	results	result	NOUN
hi-55	133	7	for	for	ADP
hi-55	133	8	exchange	exchange	NOUN
hi-55	133	9	rate	rate	NOUN
hi-55	133	10	volatility	volatility	NOUN
hi-55	133	11	(	(	PUNCT
hi-55	133	12	high	high	ADJ
hi-55	133	13	income	income	NOUN
hi-55	133	14	countries	country	NOUN
hi-55	133	15	)	)	PUNCT
hi-55	133	16	causality	causality	NOUN
hi-55	133	17	unidirectional	unidirectional	ADJ
hi-55	133	18	no	no	DET
hi-55	133	19	causality	causality	NOUN
hi-55	133	20	no	no	DET
hi-55	133	21	causality	causality	NOUN
hi-55	133	22	no	no	DET
hi-55	133	23	causality	causality	NOUN
hi-55	133	24	no	no	DET
hi-55	133	25	causality	causality	NOUN
hi-55	133	26	bidirectional	bidirectional	NOUN
hi-55	133	27	unidirectional	unidirectional	ADJ
hi-55	133	28	no	no	DET
hi-55	133	29	causality	causality	NOUN
hi-55	133	30	observations	observation	NOUN
hi-55	133	31	836	836	NUM
hi-55	133	32	836	836	NUM
hi-55	133	33	836	836	NUM
hi-55	133	34	836	836	NUM
hi-55	133	35	836	836	NUM
hi-55	133	36	836	836	NUM
hi-55	133	37	836	836	NUM
hi-55	133	38	836	836	NUM
hi-55	133	39	f	f	NOUN
hi-55	133	40	-	-	PUNCT
hi-55	133	41	stat	stat	VERB
hi-55	133	42	5.24671	5.24671	NUM
hi-55	133	43	0.64414	0.64414	NUM
hi-55	133	44	1.89551	1.89551	NUM
hi-55	133	45	0.62291	0.62291	NUM
hi-55	133	46	0.95645	0.95645	NUM
hi-55	133	47	0.53669	0.53669	NUM
hi-55	133	48	0.09725	0.09725	NUM
hi-55	133	49	0.09906	0.09906	NUM
hi-55	133	50	2.05246	2.05246	NUM
hi-55	133	51	0.04025	0.04025	NUM
hi-55	133	52	7.57219	7.57219	NUM
hi-55	133	53	4.25401	4.25401	NUM
hi-55	133	54	2.25428	2.25428	NUM
hi-55	133	55	4.32820	4.32820	NUM
hi-55	133	56	0.42516	0.42516	NUM
hi-55	133	57	0.71823	0.71823	NUM
hi-55	133	58	probability	probability	NOUN
hi-55	133	59	0.0054	0.0054	NUM
hi-55	133	60	0.5254	0.5254	NUM
hi-55	133	61	0.1509	0.1509	NUM
hi-55	133	62	0.5366	0.5366	NUM
hi-55	133	63	0.3847	0.3847	NUM
hi-55	133	64	0.5849	0.5849	NUM
hi-55	133	65	0.9073	0.9073	NUM
hi-55	134	1	0.9057	0.9057	NUM
hi-55	134	2	0.1291	0.1291	NUM
hi-55	134	3	0.9605	0.9605	NUM
hi-55	134	4	0.0006	0.0006	NUM
hi-55	134	5	0.0145	0.0145	NUM
hi-55	134	6	0.1056	0.1056	NUM
hi-55	134	7	0.0135	0.0135	NUM
hi-55	134	8	0.6538	0.6538	NUM
hi-55	134	9	0.4879	0.4879	NUM
hi-55	134	10	decision	decision	NOUN
hi-55	134	11	reject	reject	NOUN
hi-55	134	12	accept	accept	VERB
hi-55	134	13	accept	accept	VERB
hi-55	134	14	accept	accept	VERB
hi-55	134	15	accept	accept	VERB
hi-55	134	16	accept	accept	VERB
hi-55	134	17	accept	accept	VERB
hi-55	134	18	accept	accept	VERB
hi-55	134	19	accept	accept	AUX
hi-55	134	20	accept	accept	VERB
hi-55	134	21	reject	reject	PROPN
hi-55	134	22	reject	reject	PROPN
hi-55	134	23	accept	accept	VERB
hi-55	134	24	reject	reject	NOUN
hi-55	134	25	accept	accept	AUX
hi-55	134	26	accept	accept	VERB
hi-55	134	27	null	null	ADJ
hi-55	134	28	hypothesis	hypothesis	NOUN
hi-55	134	29	lgdpc	lgdpc	NOUN
hi-55	134	30	does	do	AUX
hi-55	134	31	not	not	PART
hi-55	134	32	granger	granger	PROPN
hi-55	134	33	cause	cause	VERB
hi-55	134	34	lexrv	lexrv	ADV
hi-55	134	35	lexrv	lexrv	ADV
hi-55	134	36	does	do	AUX
hi-55	134	37	not	not	PART
hi-55	134	38	granger	granger	VERB
hi-55	134	39	cause	cause	VERB
hi-55	134	40	lgdpc	lgdpc	PROPN
hi-55	134	41	lcab	lcab	NOUN
hi-55	134	42	does	do	AUX
hi-55	134	43	not	not	PART
hi-55	134	44	granger	granger	PROPN
hi-55	134	45	cause	cause	VERB
hi-55	134	46	lexrv	lexrv	ADV
hi-55	134	47	lexrv	lexrv	ADV
hi-55	134	48	does	do	AUX
hi-55	134	49	not	not	PART
hi-55	134	50	granger	granger	AUX
hi-55	134	51	cause	cause	VERB
hi-55	134	52	lcab	lcab	NOUN
hi-55	134	53	lfdi	lfdi	NOUN
hi-55	134	54	does	do	AUX
hi-55	134	55	not	not	PART
hi-55	134	56	granger	granger	PROPN
hi-55	134	57	cause	cause	VERB
hi-55	134	58	lexrv	lexrv	ADV
hi-55	134	59	lexrv	lexrv	ADV
hi-55	134	60	does	do	AUX
hi-55	134	61	not	not	PART
hi-55	134	62	granger	granger	VERB
hi-55	134	63	cause	cause	VERB
hi-55	134	64	lfdi	lfdi	ADJ
hi-55	134	65	lfdev	lfdev	PROPN
hi-55	134	66	does	do	AUX
hi-55	134	67	not	not	PART
hi-55	134	68	granger	granger	PROPN
hi-55	134	69	cause	cause	VERB
hi-55	134	70	lexrv	lexrv	ADV
hi-55	134	71	lexrv	lexrv	ADV
hi-55	134	72	does	do	AUX
hi-55	134	73	not	not	PART
hi-55	134	74	granger	granger	VERB
hi-55	134	75	cause	cause	VERB
hi-55	134	76	lfdev	lfdev	PROPN
hi-55	134	77	lgexp	lgexp	PROPN
hi-55	134	78	does	do	AUX
hi-55	134	79	not	not	PART
hi-55	134	80	granger	granger	PROPN
hi-55	134	81	cause	cause	VERB
hi-55	134	82	lexrv	lexrv	ADV
hi-55	134	83	lexrv	lexrv	ADV
hi-55	134	84	does	do	AUX
hi-55	134	85	not	not	PART
hi-55	134	86	granger	granger	PROPN
hi-55	134	87	cause	cause	VERB
hi-55	134	88	lgexp	lgexp	PROPN
hi-55	134	89	linf	linf	PROPN
hi-55	134	90	does	do	AUX
hi-55	134	91	not	not	PART
hi-55	134	92	granger	granger	PROPN
hi-55	134	93	cause	cause	VERB
hi-55	134	94	lexrv	lexrv	ADV
hi-55	134	95	lexrv	lexrv	ADV
hi-55	134	96	does	do	AUX
hi-55	134	97	not	not	PART
hi-55	134	98	granger	granger	AUX
hi-55	134	99	cause	cause	VERB
hi-55	134	100	linf	linf	ADJ
hi-55	134	101	lreserv	lreserv	PROPN
hi-55	134	102	does	do	AUX
hi-55	134	103	not	not	PART
hi-55	134	104	granger	granger	PROPN
hi-55	134	105	cause	cause	VERB
hi-55	134	106	lexrv	lexrv	ADV
hi-55	134	107	lexrv	lexrv	ADV
hi-55	134	108	does	do	AUX
hi-55	134	109	not	not	PART
hi-55	134	110	granger	granger	VERB
hi-55	134	111	cause	cause	VERB
hi-55	134	112	lreserv	lreserv	PROPN
hi-55	134	113	ltrade	ltrade	NOUN
hi-55	134	114	does	do	AUX
hi-55	134	115	not	not	PART
hi-55	134	116	granger	granger	PROPN
hi-55	134	117	cause	cause	VERB
hi-55	134	118	lexrv	lexrv	ADV
hi-55	134	119	lexrv	lexrv	ADV
hi-55	134	120	does	do	AUX
hi-55	134	121	not	not	PART
hi-55	134	122	granger	granger	NOUN
hi-55	134	123	cause	cause	VERB
hi-55	134	124	ltrade	ltrade	VERB
hi-55	134	125	74	74	NUM
hi-55	134	126	macroeconomics	macroeconomic	NOUN
hi-55	134	127	indicators	indicator	NOUN
hi-55	134	128	contributing	contribute	VERB
hi-55	134	129	...	...	PUNCT
hi-55	134	130	however	however	ADV
hi-55	134	131	the	the	DET
hi-55	134	132	effect	effect	NOUN
hi-55	134	133	of	of	ADP
hi-55	134	134	gdpc	gdpc	NOUN
hi-55	134	135	and	and	CCONJ
hi-55	134	136	gexp	gexp	NOUN
hi-55	134	137	on	on	ADP
hi-55	134	138	exrl	exrl	PROPN
hi-55	134	139	observed	observe	VERB
hi-55	134	140	negative	negative	ADJ
hi-55	134	141	and	and	CCONJ
hi-55	134	142	effect	effect	NOUN
hi-55	134	143	of	of	ADP
hi-55	134	144	cab	cab	NOUN
hi-55	134	145	,	,	PUNCT
hi-55	134	146	fdi	fdi	PROPN
hi-55	134	147	,	,	PUNCT
hi-55	134	148	inf	inf	NOUN
hi-55	134	149	,	,	PUNCT
hi-55	134	150	reserv	reserv	NOUN
hi-55	134	151	and	and	CCONJ
hi-55	134	152	trade	trade	NOUN
hi-55	134	153	observed	observe	VERB
hi-55	134	154	positive	positive	ADJ
hi-55	134	155	(	(	PUNCT
hi-55	134	156	calderon	calderon	PROPN
hi-55	134	157	,	,	PUNCT
hi-55	134	158	chong	chong	PROPN
hi-55	134	159	&	&	CCONJ
hi-55	134	160	loayza	loayza	PROPN
hi-55	134	161	,	,	PUNCT
hi-55	134	162	2002	2002	NUM
hi-55	134	163	;	;	PUNCT
hi-55	134	164	eichengreen	eichengreen	VERB
hi-55	134	165	,	,	PUNCT
hi-55	134	166	2007	2007	NUM
hi-55	134	167	;	;	PUNCT
hi-55	134	168	rashidin	rashidin	VERB
hi-55	134	169	,	,	PUNCT
hi-55	134	170	ullah	ullah	PROPN
hi-55	134	171	&	&	CCONJ
hi-55	134	172	jehangir	jehangir	PROPN
hi-55	134	173	,	,	PUNCT
hi-55	134	174	2017	2017	NUM
hi-55	134	175	;	;	PUNCT
hi-55	134	176	saeed	saeed	PROPN
hi-55	134	177	,	,	PUNCT
hi-55	134	178	awan	awan	PROPN
hi-55	134	179	,	,	PUNCT
hi-55	134	180	sial	sial	PROPN
hi-55	134	181	,	,	PUNCT
hi-55	134	182	&	&	CCONJ
hi-55	134	183	sher	sher	PROPN
hi-55	134	184	,	,	PUNCT
hi-55	134	185	2012	2012	NUM
hi-55	134	186	)	)	PUNCT
hi-55	134	187	.	.	PUNCT
hi-55	135	1	however	however	ADV
hi-55	135	2	negative	negative	ADJ
hi-55	135	3	relationship	relationship	NOUN
hi-55	135	4	between	between	ADP
hi-55	135	5	exrl	exrl	PROPN
hi-55	135	6	and	and	CCONJ
hi-55	135	7	gdpc	gdpc	NOUN
hi-55	135	8	and	and	CCONJ
hi-55	135	9	gexp	gexp	NOUN
hi-55	135	10	,	,	PUNCT
hi-55	135	11	whereas	whereas	SCONJ
hi-55	135	12	,	,	PUNCT
hi-55	135	13	positive	positive	ADJ
hi-55	135	14	relationship	relationship	NOUN
hi-55	135	15	between	between	ADP
hi-55	135	16	exrl	exrl	PROPN
hi-55	135	17	and	and	CCONJ
hi-55	135	18	inf	inf	PROPN
hi-55	135	19	in	in	ADP
hi-55	135	20	high	high	ADJ
hi-55	135	21	income	income	NOUN
hi-55	135	22	countries	country	NOUN
hi-55	135	23	is	be	AUX
hi-55	135	24	against	against	ADP
hi-55	135	25	the	the	DET
hi-55	135	26	theory	theory	NOUN
hi-55	135	27	(	(	PUNCT
hi-55	135	28	the	the	DET
hi-55	135	29	findings	finding	NOUN
hi-55	135	30	of	of	ADP
hi-55	135	31	the	the	DET
hi-55	135	32	study	study	NOUN
hi-55	135	33	are	be	AUX
hi-55	135	34	in	in	ADP
hi-55	135	35	line	line	NOUN
hi-55	135	36	with	with	ADP
hi-55	135	37	,	,	PUNCT
hi-55	135	38	cavallo	cavallo	NOUN
hi-55	135	39	,	,	PUNCT
hi-55	135	40	cottani	cottani	PROPN
hi-55	135	41	&	&	CCONJ
hi-55	135	42	kahn	kahn	PROPN
hi-55	135	43	,	,	PUNCT
hi-55	135	44	1990	1990	NUM
hi-55	135	45	;	;	PUNCT
hi-55	136	1	ojo	ojo	PROPN
hi-55	136	2	&	&	CCONJ
hi-55	136	3	allege	allege	NOUN
hi-55	136	4	,	,	PUNCT
hi-55	136	5	2014	2014	NUM
hi-55	136	6	;	;	PUNCT
hi-55	136	7	ramasamy	ramasamy	NOUN
hi-55	136	8	&	&	CCONJ
hi-55	136	9	abar	abar	PROPN
hi-55	136	10	,	,	PUNCT
hi-55	136	11	2015	2015	NUM
hi-55	136	12	)	)	PUNCT
hi-55	136	13	.	.	PUNCT
hi-55	137	1	one	one	NUM
hi-55	137	2	of	of	ADP
hi-55	137	3	the	the	DET
hi-55	137	4	main	main	ADJ
hi-55	137	5	reasons	reason	NOUN
hi-55	137	6	of	of	ADP
hi-55	137	7	this	this	DET
hi-55	137	8	theoretical	theoretical	ADJ
hi-55	137	9	deviation	deviation	NOUN
hi-55	137	10	might	might	AUX
hi-55	137	11	be	be	AUX
hi-55	137	12	the	the	DET
hi-55	137	13	peculiar	peculiar	ADJ
hi-55	137	14	nature	nature	NOUN
hi-55	137	15	of	of	ADP
hi-55	137	16	panel	panel	NOUN
hi-55	137	17	data	datum	NOUN
hi-55	137	18	set	set	VERB
hi-55	137	19	of	of	ADP
hi-55	137	20	high	high	ADJ
hi-55	137	21	income	income	NOUN
hi-55	137	22	countries	country	NOUN
hi-55	137	23	.	.	PUNCT
hi-55	138	1	all	all	DET
hi-55	138	2	the	the	DET
hi-55	138	3	countries	country	NOUN
hi-55	138	4	in	in	ADP
hi-55	138	5	this	this	DET
hi-55	138	6	group	group	NOUN
hi-55	138	7	of	of	ADP
hi-55	138	8	countries	country	NOUN
hi-55	138	9	contained	contain	VERB
hi-55	138	10	high	high	ADJ
hi-55	138	11	level	level	NOUN
hi-55	138	12	of	of	ADP
hi-55	138	13	per	per	ADP
hi-55	138	14	capita	capita	X
hi-55	138	15	income	income	NOUN
hi-55	138	16	more	more	ADJ
hi-55	138	17	than	than	ADP
hi-55	138	18	12376	12376	NUM
hi-55	138	19	dollars	dollar	NOUN
hi-55	138	20	.	.	PUNCT
hi-55	139	1	panel	panel	NOUN
hi-55	139	2	granger	granger	PROPN
hi-55	139	3	causality	causality	PROPN
hi-55	139	4	test	test	NOUN
hi-55	139	5	results	result	NOUN
hi-55	139	6	for	for	ADP
hi-55	139	7	exchange	exchange	NOUN
hi-55	139	8	rate	rate	NOUN
hi-55	139	9	volatility	volatility	NOUN
hi-55	139	10	(	(	PUNCT
hi-55	139	11	high	high	ADJ
hi-55	139	12	income	income	NOUN
hi-55	139	13	countries	country	NOUN
hi-55	139	14	)	)	PUNCT
hi-55	139	15	the	the	DET
hi-55	139	16	results	result	NOUN
hi-55	139	17	of	of	ADP
hi-55	139	18	pair	pair	NOUN
hi-55	139	19	wise	wise	ADJ
hi-55	139	20	granger	granger	PROPN
hi-55	139	21	causality	causality	PROPN
hi-55	139	22	test	test	NOUN
hi-55	139	23	are	be	AUX
hi-55	139	24	given	give	VERB
hi-55	139	25	in	in	ADP
hi-55	139	26	table	table	NOUN
hi-55	139	27	3	3	NUM
hi-55	139	28	.	.	PUNCT
hi-55	140	1	it	it	PRON
hi-55	140	2	is	be	AUX
hi-55	140	3	observed	observe	VERB
hi-55	140	4	that	that	SCONJ
hi-55	140	5	there	there	PRON
hi-55	140	6	exists	exist	VERB
hi-55	140	7	bidirectional	bidirectional	ADJ
hi-55	140	8	causality	causality	NOUN
hi-55	140	9	between	between	ADP
hi-55	140	10	exrv	exrv	PROPN
hi-55	140	11	and	and	CCONJ
hi-55	140	12	inf	inf	PROPN
hi-55	140	13	(	(	PUNCT
hi-55	140	14	ali	ali	PROPN
hi-55	140	15	,	,	PUNCT
hi-55	140	16	mahmood	mahmood	PROPN
hi-55	140	17	,	,	PUNCT
hi-55	140	18	&	&	CCONJ
hi-55	140	19	bashir	bashir	PROPN
hi-55	140	20	,	,	PUNCT
hi-55	140	21	2015	2015	NUM
hi-55	140	22	)	)	PUNCT
hi-55	140	23	.	.	PUNCT
hi-55	141	1	however	however	ADV
hi-55	141	2	gdpc	gdpc	NOUN
hi-55	141	3	observed	observe	VERB
hi-55	141	4	to	to	PART
hi-55	141	5	affect	affect	VERB
hi-55	141	6	exrv	exrv	NOUN
hi-55	141	7	but	but	CCONJ
hi-55	141	8	exrv	exrv	PROPN
hi-55	141	9	does	do	AUX
hi-55	141	10	not	not	PART
hi-55	141	11	granger	granger	AUX
hi-55	141	12	cause	cause	VERB
hi-55	141	13	the	the	DET
hi-55	141	14	gdpc	gdpc	NOUN
hi-55	141	15	.	.	PUNCT
hi-55	142	1	further	further	PROPN
hi-55	142	2	reserv	reserv	PROPN
hi-55	142	3	does	do	AUX
hi-55	142	4	not	not	PART
hi-55	142	5	granger	granger	AUX
hi-55	142	6	cause	cause	VERB
hi-55	142	7	exrv	exrv	NOUN
hi-55	142	8	but	but	CCONJ
hi-55	142	9	exrv	exrv	PROPN
hi-55	142	10	granger	granger	PROPN
hi-55	142	11	cause	cause	VERB
hi-55	142	12	the	the	DET
hi-55	142	13	total	total	ADJ
hi-55	142	14	reserves	reserve	NOUN
hi-55	142	15	.	.	PUNCT
hi-55	143	1	the	the	DET
hi-55	143	2	results	result	NOUN
hi-55	143	3	have	have	AUX
hi-55	143	4	established	establish	VERB
hi-55	143	5	that	that	SCONJ
hi-55	143	6	there	there	PRON
hi-55	143	7	exists	exist	VERB
hi-55	143	8	a	a	DET
hi-55	143	9	weak	weak	ADJ
hi-55	143	10	relationship	relationship	NOUN
hi-55	143	11	between	between	ADP
hi-55	143	12	exchange	exchange	NOUN
hi-55	143	13	rate	rate	NOUN
hi-55	143	14	volatility	volatility	NOUN
hi-55	143	15	and	and	CCONJ
hi-55	143	16	the	the	DET
hi-55	143	17	macroeconomic	macroeconomic	ADJ
hi-55	143	18	indicators	indicator	NOUN
hi-55	143	19	.	.	PUNCT
hi-55	144	1	the	the	DET
hi-55	144	2	results	result	NOUN
hi-55	144	3	of	of	ADP
hi-55	144	4	panel	panel	NOUN
hi-55	144	5	granger	granger	PROPN
hi-55	144	6	causality	causality	PROPN
hi-55	144	7	test	test	NOUN
hi-55	144	8	for	for	ADP
hi-55	144	9	exchange	exchange	NOUN
hi-55	144	10	rate	rate	NOUN
hi-55	144	11	level	level	NOUN
hi-55	144	12	(	(	PUNCT
hi-55	144	13	high	high	ADJ
hi-55	144	14	income	income	NOUN
hi-55	144	15	countries	country	NOUN
hi-55	144	16	)	)	PUNCT
hi-55	144	17	the	the	DET
hi-55	144	18	table	table	NOUN
hi-55	144	19	4	4	NUM
hi-55	144	20	shows	show	VERB
hi-55	144	21	the	the	DET
hi-55	144	22	pair	pair	NOUN
hi-55	144	23	wise	wise	ADJ
hi-55	144	24	panel	panel	NOUN
hi-55	144	25	granger	granger	PROPN
hi-55	144	26	causality	causality	PROPN
hi-55	144	27	estimates	estimate	NOUN
hi-55	144	28	of	of	ADP
hi-55	144	29	exchange	exchange	NOUN
hi-55	144	30	rate	rate	NOUN
hi-55	144	31	level	level	NOUN
hi-55	144	32	function	function	NOUN
hi-55	144	33	for	for	ADP
hi-55	144	34	the	the	DET
hi-55	144	35	panel	panel	NOUN
hi-55	144	36	date	date	NOUN
hi-55	144	37	set	set	NOUN
hi-55	144	38	of	of	ADP
hi-55	144	39	high	high	ADJ
hi-55	144	40	income	income	NOUN
hi-55	144	41	countries	country	NOUN
hi-55	144	42	.	.	PUNCT
hi-55	145	1	the	the	DET
hi-55	145	2	results	result	NOUN
hi-55	145	3	indicate	indicate	VERB
hi-55	145	4	bidirectional	bidirectional	ADJ
hi-55	145	5	causation	causation	NOUN
hi-55	145	6	between	between	ADP
hi-55	145	7	exrl	exrl	PROPN
hi-55	145	8	and	and	CCONJ
hi-55	145	9	cab	cab	NOUN
hi-55	145	10	and	and	CCONJ
hi-55	145	11	reserv	reserv	PROPN
hi-55	145	12	(	(	PUNCT
hi-55	145	13	rehman	rehman	PROPN
hi-55	145	14	,	,	PUNCT
hi-55	145	15	2014	2014	NUM
hi-55	145	16	)	)	PUNCT
hi-55	145	17	.	.	PUNCT
hi-55	146	1	there	there	PRON
hi-55	146	2	exists	exist	VERB
hi-55	146	3	unidirectional	unidirectional	ADJ
hi-55	146	4	causality	causality	NOUN
hi-55	146	5	between	between	ADP
hi-55	146	6	exrl	exrl	PROPN
hi-55	146	7	and	and	CCONJ
hi-55	146	8	gexp	gexp	NOUN
hi-55	146	9	.	.	PUNCT
hi-55	147	1	likewise	likewise	ADV
hi-55	147	2	,	,	PUNCT
hi-55	147	3	trade	trade	NOUN
hi-55	147	4	granger	granger	PROPN
hi-55	147	5	cause	cause	VERB
hi-55	147	6	the	the	DET
hi-55	147	7	exchange	exchange	NOUN
hi-55	147	8	rate	rate	NOUN
hi-55	147	9	level	level	NOUN
hi-55	147	10	but	but	CCONJ
hi-55	147	11	exchange	exchange	NOUN
hi-55	147	12	rate	rate	NOUN
hi-55	147	13	level	level	NOUN
hi-55	147	14	does	do	AUX
hi-55	147	15	not	not	PART
hi-55	147	16	cause	cause	VERB
hi-55	147	17	the	the	DET
hi-55	147	18	changes	change	NOUN
hi-55	147	19	in	in	ADP
hi-55	147	20	trade	trade	NOUN
hi-55	147	21	openness	openness	NOUN
hi-55	147	22	(	(	PUNCT
hi-55	147	23	vijayakumar	vijayakumar	NOUN
hi-55	147	24	,	,	PUNCT
hi-55	147	25	2014	2014	NUM
hi-55	147	26	;	;	PUNCT
hi-55	147	27	yaya	yaya	PROPN
hi-55	147	28	&	&	CCONJ
hi-55	147	29	lu	lu	PROPN
hi-55	147	30	,	,	PUNCT
hi-55	147	31	2012	2012	NUM
hi-55	147	32	)	)	PUNCT
hi-55	147	33	.	.	PUNCT
hi-55	148	1	the	the	DET
hi-55	148	2	results	result	NOUN
hi-55	148	3	show	show	VERB
hi-55	148	4	the	the	DET
hi-55	148	5	possibility	possibility	NOUN
hi-55	148	6	of	of	ADP
hi-55	148	7	cause	cause	NOUN
hi-55	148	8	and	and	CCONJ
hi-55	148	9	effect	effect	VERB
hi-55	148	10	relationship	relationship	NOUN
hi-55	148	11	between	between	ADP
hi-55	148	12	exchange	exchange	NOUN
hi-55	148	13	rate	rate	NOUN
hi-55	148	14	level	level	NOUN
hi-55	148	15	and	and	CCONJ
hi-55	148	16	macroeconomic	macroeconomic	ADJ
hi-55	148	17	indicators	indicator	NOUN
hi-55	148	18	in	in	ADP
hi-55	148	19	high	high	ADJ
hi-55	148	20	income	income	NOUN
hi-55	148	21	countries	country	NOUN
hi-55	148	22	but	but	CCONJ
hi-55	148	23	the	the	DET
hi-55	148	24	relationship	relationship	NOUN
hi-55	148	25	did	do	AUX
hi-55	148	26	not	not	PART
hi-55	148	27	seem	seem	VERB
hi-55	148	28	stronger	strong	ADJ
hi-55	148	29	.	.	PUNCT
hi-55	149	1	hamdard	hamdard	ADJ
hi-55	149	2	islamicus	islamicus	PROPN
hi-55	149	3	vol	vol	NOUN
hi-55	149	4	.	.	PUNCT
hi-55	150	1	xliii	xliii	PROPN
hi-55	150	2	,	,	PUNCT
hi-55	150	3	no	no	INTJ
hi-55	150	4	.	.	NOUN
hi-55	150	5	3	3	NUM
hi-55	150	6	75	75	NUM
hi-55	150	7	table	table	NOUN
hi-55	150	8	.	.	PUNCT
hi-55	151	1	4	4	NUM
hi-55	151	2	panel	panel	NOUN
hi-55	151	3	granger	granger	PROPN
hi-55	151	4	causality	causality	PROPN
hi-55	151	5	test	test	NOUN
hi-55	151	6	results	result	NOUN
hi-55	151	7	for	for	ADP
hi-55	151	8	exchange	exchange	NOUN
hi-55	151	9	rate	rate	NOUN
hi-55	151	10	level	level	NOUN
hi-55	151	11	(	(	PUNCT
hi-55	151	12	high	high	ADJ
hi-55	151	13	income	income	NOUN
hi-55	151	14	countries	country	NOUN
hi-55	151	15	)	)	PUNCT
hi-55	151	16	null	null	ADJ
hi-55	151	17	hypothesis	hypothesis	NOUN
hi-55	151	18	lgdpc	lgdpc	NOUN
hi-55	151	19	does	do	AUX
hi-55	151	20	not	not	PART
hi-55	151	21	granger	granger	NOUN
hi-55	151	22	cause	cause	VERB
hi-55	151	23	lexrl	lexrl	PROPN
hi-55	151	24	lexrl	lexrl	PROPN
hi-55	151	25	does	do	AUX
hi-55	151	26	not	not	PART
hi-55	151	27	granger	granger	VERB
hi-55	151	28	cause	cause	VERB
hi-55	151	29	lgdpc	lgdpc	PROPN
hi-55	151	30	lcab	lcab	NOUN
hi-55	151	31	does	do	AUX
hi-55	151	32	not	not	PART
hi-55	151	33	granger	granger	NOUN
hi-55	151	34	cause	cause	VERB
hi-55	151	35	lexrl	lexrl	PROPN
hi-55	151	36	lexrl	lexrl	PROPN
hi-55	151	37	does	do	AUX
hi-55	151	38	not	not	PART
hi-55	151	39	granger	granger	AUX
hi-55	151	40	cause	cause	VERB
hi-55	151	41	lcab	lcab	NOUN
hi-55	151	42	lfdi	lfdi	NOUN
hi-55	151	43	does	do	AUX
hi-55	151	44	not	not	PART
hi-55	151	45	granger	granger	NOUN
hi-55	151	46	cause	cause	VERB
hi-55	151	47	lexrl	lexrl	PROPN
hi-55	151	48	lexrl	lexrl	PROPN
hi-55	151	49	does	do	AUX
hi-55	151	50	not	not	PART
hi-55	151	51	granger	granger	VERB
hi-55	151	52	cause	cause	VERB
hi-55	151	53	lfdi	lfdi	ADJ
hi-55	151	54	lfdev	lfdev	PROPN
hi-55	151	55	does	do	AUX
hi-55	151	56	not	not	PART
hi-55	151	57	granger	granger	NOUN
hi-55	151	58	cause	cause	VERB
hi-55	151	59	lexrl	lexrl	PROPN
hi-55	151	60	lexrl	lexrl	PROPN
hi-55	151	61	does	do	AUX
hi-55	151	62	not	not	PART
hi-55	151	63	granger	granger	VERB
hi-55	151	64	cause	cause	VERB
hi-55	151	65	lfdev	lfdev	PROPN
hi-55	151	66	lgexp	lgexp	PROPN
hi-55	151	67	does	do	AUX
hi-55	151	68	not	not	PART
hi-55	151	69	granger	granger	NOUN
hi-55	151	70	cause	cause	VERB
hi-55	151	71	lexrl	lexrl	PROPN
hi-55	151	72	lexrl	lexrl	PROPN
hi-55	151	73	does	do	AUX
hi-55	151	74	not	not	PART
hi-55	151	75	granger	granger	PROPN
hi-55	151	76	cause	cause	VERB
hi-55	151	77	lgexp	lgexp	PROPN
hi-55	151	78	linf	linf	PROPN
hi-55	151	79	does	do	AUX
hi-55	151	80	not	not	PART
hi-55	151	81	granger	granger	NOUN
hi-55	151	82	cause	cause	VERB
hi-55	151	83	lexrl	lexrl	PROPN
hi-55	151	84	lexrl	lexrl	PROPN
hi-55	151	85	does	do	AUX
hi-55	151	86	not	not	PART
hi-55	151	87	granger	granger	VERB
hi-55	151	88	cause	cause	VERB
hi-55	151	89	linf	linf	ADJ
hi-55	151	90	lreserv	lreserv	PROPN
hi-55	151	91	does	do	AUX
hi-55	151	92	not	not	PART
hi-55	151	93	granger	granger	NOUN
hi-55	151	94	cause	cause	VERB
hi-55	151	95	lexrl	lexrl	PROPN
hi-55	151	96	lexrl	lexrl	PROPN
hi-55	151	97	does	do	AUX
hi-55	151	98	not	not	PART
hi-55	151	99	granger	granger	VERB
hi-55	151	100	cause	cause	VERB
hi-55	151	101	lreserv	lreserv	PROPN
hi-55	151	102	ltrade	ltrade	NOUN
hi-55	151	103	does	do	AUX
hi-55	151	104	not	not	PART
hi-55	151	105	granger	granger	NOUN
hi-55	151	106	cause	cause	VERB
hi-55	151	107	lexrl	lexrl	PROPN
hi-55	151	108	lexrl	lexrl	PROPN
hi-55	151	109	does	do	AUX
hi-55	151	110	not	not	PART
hi-55	151	111	granger	granger	AUX
hi-55	151	112	cause	cause	VERB
hi-55	151	113	ltrade	ltrade	NOUN
hi-55	151	114	observations	observation	NOUN
hi-55	151	115	836	836	NUM
hi-55	151	116	836	836	NUM
hi-55	151	117	836	836	NUM
hi-55	151	118	836	836	NUM
hi-55	151	119	836	836	NUM
hi-55	151	120	836	836	NUM
hi-55	151	121	836	836	NUM
hi-55	151	122	836	836	NUM
hi-55	151	123	decision	decision	NOUN
hi-55	151	124	accept	accept	AUX
hi-55	151	125	accept	accept	VERB
hi-55	151	126	reject	reject	PROPN
hi-55	151	127	reject	reject	PROPN
hi-55	151	128	accept	accept	VERB
hi-55	151	129	accept	accept	VERB
hi-55	151	130	accept	accept	AUX
hi-55	151	131	accept	accept	VERB
hi-55	151	132	accept	accept	AUX
hi-55	151	133	reject	reject	NOUN
hi-55	151	134	accept	accept	AUX
hi-55	151	135	accept	accept	VERB
hi-55	151	136	reject	reject	PROPN
hi-55	151	137	reject	reject	PROPN
hi-55	151	138	reject	reject	VERB
hi-55	151	139	accept	accept	VERB
hi-55	151	140	f	f	X
hi-55	151	141	-	-	PUNCT
hi-55	151	142	stat	stat	VERB
hi-55	151	143	2.13804	2.13804	NUM
hi-55	151	144	1.36063	1.36063	NUM
hi-55	151	145	5.09020	5.09020	NUM
hi-55	151	146	3.24792	3.24792	NUM
hi-55	151	147	1.71862	1.71862	NUM
hi-55	151	148	0.15544	0.15544	NUM
hi-55	151	149	0.17425	0.17425	NUM
hi-55	151	150	0.72136	0.72136	NUM
hi-55	151	151	1.80705	1.80705	NUM
hi-55	151	152	2.57080	2.57080	NUM
hi-55	151	153	0.54338	0.54338	NUM
hi-55	151	154	1.64994	1.64994	NUM
hi-55	151	155	14.2037	14.2037	NUM
hi-55	151	156	6.17514	6.17514	NUM
hi-55	151	157	3.13850	3.13850	NUM
hi-55	151	158	2.07803	2.07803	NUM
hi-55	151	159	probability	probability	NOUN
hi-55	151	160	0.1185	0.1185	NUM
hi-55	151	161	0.2571	0.2571	NUM
hi-55	151	162	0.0064	0.0064	NUM
hi-55	151	163	0.0393	0.0393	NUM
hi-55	151	164	0.1800	0.1800	NUM
hi-55	151	165	0.8561	0.8561	NUM
hi-55	151	166	0.840	0.840	NUM
hi-55	151	167	0.486	0.486	NUM
hi-55	151	168	0.164	0.164	NUM
hi-55	151	169	0.077	0.077	NUM
hi-55	151	170	0.581	0.581	NUM
hi-55	151	171	0.192	0.192	NUM
hi-55	151	172	0.000	0.000	NUM
hi-55	151	173	0.002	0.002	NUM
hi-55	151	174	0.043	0.043	NUM
hi-55	151	175	0.125	0.125	NUM
hi-55	151	176	causality	causality	NOUN
hi-55	151	177	no	no	DET
hi-55	151	178	causality	causality	NOUN
hi-55	151	179	bidirectional	bidirectional	NOUN
hi-55	151	180	no	no	DET
hi-55	151	181	causality	causality	NOUN
hi-55	151	182	no	no	DET
hi-55	151	183	causality	causality	NOUN
hi-55	151	184	unidirectional	unidirectional	ADJ
hi-55	151	185	no	no	DET
hi-55	151	186	causality	causality	NOUN
hi-55	151	187	bidirectional	bidirectional	ADJ
hi-55	151	188	unidirectional	unidirectional	ADJ
hi-55	151	189	76	76	NUM
hi-55	151	190	macroeconomics	macroeconomic	NOUN
hi-55	151	191	indicators	indicator	NOUN
hi-55	151	192	contributing	contribute	VERB
hi-55	151	193	...	...	PUNCT
hi-55	151	194	estimation	estimation	NOUN
hi-55	151	195	results	result	NOUN
hi-55	151	196	for	for	ADP
hi-55	151	197	panel	panel	NOUN
hi-55	151	198	data	datum	NOUN
hi-55	151	199	set	set	VERB
hi-55	151	200	of	of	ADP
hi-55	151	201	middle	middle	ADJ
hi-55	151	202	income	income	NOUN
hi-55	151	203	countries	country	NOUN
hi-55	151	204	panel	panel	NOUN
hi-55	151	205	ardl	ardl	NOUN
hi-55	151	206	results	result	VERB
hi-55	151	207	for	for	ADP
hi-55	151	208	middle	middle	ADJ
hi-55	151	209	income	income	NOUN
hi-55	151	210	countries	country	NOUN
hi-55	151	211	the	the	DET
hi-55	151	212	results	result	NOUN
hi-55	151	213	of	of	ADP
hi-55	151	214	panel	panel	NOUN
hi-55	151	215	unit	unit	NOUN
hi-55	151	216	rest	rest	NOUN
hi-55	151	217	tests	test	NOUN
hi-55	151	218	are	be	AUX
hi-55	151	219	represented	represent	VERB
hi-55	151	220	in	in	ADP
hi-55	151	221	table	table	NOUN
hi-55	151	222	5	5	NUM
hi-55	151	223	for	for	ADP
hi-55	151	224	middle	middle	ADJ
hi-55	151	225	income	income	NOUN
hi-55	151	226	countries	country	NOUN
hi-55	151	227	.	.	PUNCT
hi-55	152	1	the	the	DET
hi-55	152	2	results	result	NOUN
hi-55	152	3	show	show	VERB
hi-55	152	4	that	that	SCONJ
hi-55	152	5	some	some	DET
hi-55	152	6	variables	variable	NOUN
hi-55	152	7	have	have	VERB
hi-55	152	8	unit	unit	NOUN
hi-55	152	9	root	root	NOUN
hi-55	152	10	in	in	ADP
hi-55	152	11	the	the	DET
hi-55	152	12	time	time	NOUN
hi-55	152	13	series	series	NOUN
hi-55	152	14	at	at	ADP
hi-55	152	15	level	level	NOUN
hi-55	152	16	while	while	SCONJ
hi-55	152	17	others	other	NOUN
hi-55	152	18	have	have	VERB
hi-55	152	19	unit	unit	NOUN
hi-55	152	20	root	root	NOUN
hi-55	152	21	in	in	ADP
hi-55	152	22	the	the	DET
hi-55	152	23	time	time	NOUN
hi-55	152	24	series	series	NOUN
hi-55	152	25	at	at	ADP
hi-55	152	26	the	the	DET
hi-55	152	27	first	first	ADJ
hi-55	152	28	difference	difference	NOUN
hi-55	152	29	.	.	PUNCT
hi-55	153	1	table	table	NOUN
hi-55	153	2	.	.	PUNCT
hi-55	154	1	5	5	NUM
hi-55	154	2	results	result	NOUN
hi-55	154	3	of	of	ADP
hi-55	154	4	panel	panel	NOUN
hi-55	154	5	unit	unit	NOUN
hi-55	154	6	root	root	NOUN
hi-55	154	7	tests	test	NOUN
hi-55	154	8	for	for	ADP
hi-55	154	9	exchange	exchange	NOUN
hi-55	154	10	rate	rate	NOUN
hi-55	154	11	volatility	volatility	NOUN
hi-55	154	12	(	(	PUNCT
hi-55	154	13	middle	middle	ADJ
hi-55	154	14	income	income	NOUN
hi-55	154	15	countries	country	NOUN
hi-55	154	16	)	)	PUNCT
hi-55	154	17	variables	variable	NOUN
hi-55	154	18	i	i	PRON
hi-55	154	19	m	m	PROPN
hi-55	154	20	,	,	PUNCT
hi-55	154	21	peseran	peseran	PROPN
hi-55	154	22	levin	levin	PROPN
hi-55	154	23	,	,	PUNCT
hi-55	154	24	lin	lin	PROPN
hi-55	154	25	and	and	CCONJ
hi-55	154	26	hadri	hadri	PROPN
hi-55	154	27	z	z	PROPN
hi-55	154	28	-	-	PUNCT
hi-55	154	29	statistics	statistic	NOUN
hi-55	154	30	and	and	CCONJ
hi-55	154	31	shin	shin	NOUN
hi-55	154	32	(	(	PUNCT
hi-55	154	33	ips	ips	PROPN
hi-55	154	34	)	)	PUNCT
hi-55	154	35	chu	chu	PROPN
hi-55	154	36	(	(	PUNCT
hi-55	154	37	llc	llc	PROPN
hi-55	154	38	)	)	PUNCT
hi-55	154	39	level	level	NOUN
hi-55	154	40	first	first	ADJ
hi-55	154	41	level	level	NOUN
hi-55	154	42	first	first	ADJ
hi-55	154	43	level	level	NOUN
hi-55	154	44	first	first	ADJ
hi-55	154	45	diff	diff	NOUN
hi-55	154	46	.	.	PUNCT
hi-55	155	1	diff	diff	PROPN
hi-55	155	2	.	.	PUNCT
hi-55	156	1	diff	diff	PROPN
hi-55	156	2	.	.	PUNCT
hi-55	157	1	lexrv	lexrv	ADV
hi-55	157	2	0.705	0.705	NUM
hi-55	157	3	-22.337	-22.337	NOUN
hi-55	157	4	0.023	0.023	NUM
hi-55	157	5	14.994	14.994	NUM
hi-55	157	6	11.283	11.283	NUM
hi-55	157	7	(	(	PUNCT
hi-55	157	8	0.759	0.759	NUM
hi-55	157	9	)	)	PUNCT
hi-55	157	10	(	(	PUNCT
hi-55	157	11	0.000	0.000	NUM
hi-55	157	12	)	)	PUNCT
hi-55	157	13	(	(	PUNCT
hi-55	157	14	0.509	0.509	NUM
hi-55	157	15	)	)	PUNCT
hi-55	157	16	19.417	19.417	NUM
hi-55	157	17	(	(	PUNCT
hi-55	157	18	0.000	0.000	NUM
hi-55	157	19	)	)	PUNCT
hi-55	157	20	(	(	PUNCT
hi-55	157	21	0.000	0.000	NUM
hi-55	157	22	)	)	PUNCT
hi-55	157	23	(	(	PUNCT
hi-55	157	24	0.000	0.000	X
hi-55	157	25	)	)	PUNCT
hi-55	157	26	lexrl	lexrl	PROPN
hi-55	157	27	-4.237	-4.237	PROPN
hi-55	157	28	-13.493	-13.493	PROPN
hi-55	157	29	-2.593	-2.593	PUNCT
hi-55	158	1	16.622	16.622	NUM
hi-55	158	2	16.314	16.314	NUM
hi-55	158	3	(	(	PUNCT
hi-55	158	4	0.000	0.000	NUM
hi-55	158	5	)	)	PUNCT
hi-55	158	6	(	(	PUNCT
hi-55	158	7	0.000	0.000	NUM
hi-55	158	8	)	)	PUNCT
hi-55	158	9	(	(	PUNCT
hi-55	158	10	0.004	0.004	NUM
hi-55	158	11	)	)	PUNCT
hi-55	158	12	41.041	41.041	NUM
hi-55	158	13	(	(	PUNCT
hi-55	158	14	0.000	0.000	NUM
hi-55	158	15	)	)	PUNCT
hi-55	158	16	(	(	PUNCT
hi-55	158	17	0.000	0.000	NUM
hi-55	158	18	)	)	PUNCT
hi-55	158	19	(	(	PUNCT
hi-55	158	20	0.000	0.000	X
hi-55	158	21	)	)	PUNCT
hi-55	158	22	lgdpc	lgdpc	NOUN
hi-55	158	23	0.829	0.829	NUM
hi-55	158	24	-8.106	-8.106	PROPN
hi-55	158	25	-0.743	-0.743	PUNCT
hi-55	158	26	11.207	11.207	NUM
hi-55	158	27	15.776	15.776	NUM
hi-55	158	28	(	(	PUNCT
hi-55	158	29	0.796	0.796	NUM
hi-55	158	30	)	)	PUNCT
hi-55	158	31	(	(	PUNCT
hi-55	158	32	0.000	0.000	NUM
hi-55	158	33	)	)	PUNCT
hi-55	158	34	(	(	PUNCT
hi-55	158	35	0.228	0.228	NUM
hi-55	158	36	)	)	PUNCT
hi-55	158	37	14.374	14.374	NUM
hi-55	158	38	(	(	PUNCT
hi-55	158	39	0.000	0.000	NUM
hi-55	158	40	)	)	PUNCT
hi-55	158	41	(	(	PUNCT
hi-55	158	42	0.000)\	0.000)\	NOUN
hi-55	158	43	(	(	PUNCT
hi-55	158	44	0.000	0.000	NUM
hi-55	158	45	)	)	PUNCT
hi-55	158	46	lcab	lcab	NOUN
hi-55	158	47	-5.038	-5.038	PUNCT
hi-55	158	48	-21.747	-21.747	PUNCT
hi-55	158	49	-6.775	-6.775	NUM
hi-55	159	1	13.091	13.091	NUM
hi-55	159	2	12.032	12.032	NUM
hi-55	159	3	(	(	PUNCT
hi-55	159	4	0.000	0.000	NUM
hi-55	159	5	)	)	PUNCT
hi-55	159	6	(	(	PUNCT
hi-55	159	7	0.000	0.000	NUM
hi-55	159	8	)	)	PUNCT
hi-55	159	9	(	(	PUNCT
hi-55	159	10	0.000	0.000	NUM
hi-55	159	11	)	)	PUNCT
hi-55	159	12	20.877	20.877	NUM
hi-55	159	13	(	(	PUNCT
hi-55	159	14	0.000	0.000	NUM
hi-55	159	15	)	)	PUNCT
hi-55	159	16	(	(	PUNCT
hi-55	159	17	0.000	0.000	NUM
hi-55	159	18	)	)	PUNCT
hi-55	159	19	(	(	PUNCT
hi-55	159	20	0.000	0.000	X
hi-55	159	21	)	)	PUNCT
hi-55	159	22	lfdi	lfdi	NOUN
hi-55	159	23	-7.518	-7.518	NOUN
hi-55	159	24	-27.920	-27.920	ADV
hi-55	159	25	-7.497	-7.497	PUNCT
hi-55	160	1	10.415	10.415	NUM
hi-55	160	2	11.223	11.223	NUM
hi-55	160	3	(	(	PUNCT
hi-55	160	4	0.000	0.000	NUM
hi-55	160	5	)	)	PUNCT
hi-55	160	6	(	(	PUNCT
hi-55	160	7	0.000	0.000	NUM
hi-55	160	8	)	)	PUNCT
hi-55	160	9	(	(	PUNCT
hi-55	160	10	0.000	0.000	NUM
hi-55	160	11	)	)	PUNCT
hi-55	160	12	27.860	27.860	NUM
hi-55	160	13	(	(	PUNCT
hi-55	160	14	0.000	0.000	NUM
hi-55	160	15	)	)	PUNCT
hi-55	160	16	(	(	PUNCT
hi-55	160	17	0.000	0.000	NUM
hi-55	160	18	)	)	PUNCT
hi-55	160	19	(	(	PUNCT
hi-55	160	20	0.000	0.000	X
hi-55	160	21	)	)	PUNCT
hi-55	160	22	lfdev	lfdev	NOUN
hi-55	160	23	1.182	1.182	NUM
hi-55	160	24	-16.813	-16.813	PROPN
hi-55	160	25	-0.341	-0.341	PROPN
hi-55	160	26	15.321	15.321	NUM
hi-55	160	27	9.859	9.859	NUM
hi-55	160	28	(	(	PUNCT
hi-55	160	29	0.881	0.881	NUM
hi-55	160	30	)	)	PUNCT
hi-55	160	31	(	(	PUNCT
hi-55	160	32	0.000	0.000	NUM
hi-55	160	33	)	)	PUNCT
hi-55	160	34	(	(	PUNCT
hi-55	160	35	0.366	0.366	NUM
hi-55	160	36	)	)	PUNCT
hi-55	160	37	19.506	19.506	NUM
hi-55	160	38	(	(	PUNCT
hi-55	160	39	0.000	0.000	NUM
hi-55	160	40	)	)	PUNCT
hi-55	160	41	(	(	PUNCT
hi-55	160	42	0.000	0.000	NUM
hi-55	160	43	)	)	PUNCT
hi-55	160	44	(	(	PUNCT
hi-55	160	45	0.000	0.000	X
hi-55	160	46	)	)	PUNCT
hi-55	160	47	lgexp	lgexp	NOUN
hi-55	160	48	-3.295	-3.295	SYM
hi-55	160	49	-2.795	-2.795	PROPN
hi-55	160	50	13.517	13.517	NUM
hi-55	160	51	16.119	16.119	NUM
hi-55	160	52	(	(	PUNCT
hi-55	160	53	0.000	0.000	NUM
hi-55	160	54	)	)	PUNCT
hi-55	160	55	25.3452	25.3452	NUM
hi-55	160	56	(	(	PUNCT
hi-55	160	57	0.002	0.002	NUM
hi-55	160	58	)	)	PUNCT
hi-55	160	59	26.364	26.364	NUM
hi-55	160	60	(	(	PUNCT
hi-55	160	61	0.000	0.000	NUM
hi-55	160	62	)	)	PUNCT
hi-55	160	63	(	(	PUNCT
hi-55	160	64	0.000	0.000	NUM
hi-55	160	65	)	)	PUNCT
hi-55	160	66	(	(	PUNCT
hi-55	160	67	0.000	0.000	NUM
hi-55	160	68	)	)	PUNCT
hi-55	160	69	(	(	PUNCT
hi-55	160	70	0.000	0.000	X
hi-55	160	71	)	)	PUNCT
hi-55	160	72	hamdard	hamdard	ADJ
hi-55	160	73	islamicus	islamicus	NOUN
hi-55	160	74	vol	vol	NOUN
hi-55	160	75	.	.	PUNCT
hi-55	161	1	xliii	xliii	PROPN
hi-55	161	2	,	,	PUNCT
hi-55	161	3	no	no	INTJ
hi-55	161	4	.	.	NOUN
hi-55	161	5	3	3	NUM
hi-55	161	6	77	77	NUM
hi-55	161	7	linf	linf	ADJ
hi-55	161	8	-28.292	-28.292	NOUN
hi-55	162	1	16.659	16.659	NUM
hi-55	162	2	20.370	20.370	NUM
hi-55	162	3	14.333	14.333	NUM
hi-55	162	4	(	(	PUNCT
hi-55	162	5	0.000	0.000	NUM
hi-55	162	6	)	)	PUNCT
hi-55	162	7	17.367	17.367	NUM
hi-55	162	8	27.993	27.993	NUM
hi-55	162	9	(	(	PUNCT
hi-55	162	10	0.000	0.000	NUM
hi-55	162	11	)	)	PUNCT
hi-55	162	12	(	(	PUNCT
hi-55	162	13	0.000	0.000	NUM
hi-55	162	14	)	)	PUNCT
hi-55	162	15	(	(	PUNCT
hi-55	162	16	0.000	0.000	NUM
hi-55	162	17	)	)	PUNCT
hi-55	162	18	(	(	PUNCT
hi-55	162	19	0.000	0.000	NUM
hi-55	162	20	)	)	PUNCT
hi-55	162	21	(	(	PUNCT
hi-55	162	22	0.000	0.000	X
hi-55	162	23	)	)	PUNCT
hi-55	162	24	lreserv	lreserv	NOUN
hi-55	162	25	2.251	2.251	NUM
hi-55	162	26	-18.826	-18.826	NUM
hi-55	162	27	2.767	2.767	NUM
hi-55	162	28	11.771	11.771	NUM
hi-55	162	29	13.783	13.783	NUM
hi-55	162	30	(	(	PUNCT
hi-55	162	31	0.987	0.987	NUM
hi-55	162	32	)	)	PUNCT
hi-55	162	33	(	(	PUNCT
hi-55	162	34	0.000	0.000	NUM
hi-55	162	35	)	)	PUNCT
hi-55	162	36	(	(	PUNCT
hi-55	162	37	0.997	0.997	NUM
hi-55	162	38	)	)	PUNCT
hi-55	162	39	21.899	21.899	NUM
hi-55	162	40	(	(	PUNCT
hi-55	162	41	0.000	0.000	NUM
hi-55	162	42	)	)	PUNCT
hi-55	162	43	(	(	PUNCT
hi-55	162	44	0.000	0.000	NUM
hi-55	162	45	)	)	PUNCT
hi-55	162	46	(	(	PUNCT
hi-55	162	47	0.000	0.000	X
hi-55	162	48	)	)	PUNCT
hi-55	162	49	ltrade	ltrade	NOUN
hi-55	162	50	-0.501	-0.501	NOUN
hi-55	162	51	-18.864	-18.864	NUM
hi-55	163	1	1.949	1.949	NUM
hi-55	163	2	10.628	10.628	NUM
hi-55	163	3	11.677	11.677	NUM
hi-55	163	4	(	(	PUNCT
hi-55	163	5	0.691	0.691	NUM
hi-55	163	6	)	)	PUNCT
hi-55	163	7	(	(	PUNCT
hi-55	163	8	0.000	0.000	NUM
hi-55	163	9	)	)	PUNCT
hi-55	163	10	(	(	PUNCT
hi-55	163	11	0.974	0.974	NUM
hi-55	163	12	)	)	PUNCT
hi-55	163	13	19.768	19.768	NUM
hi-55	163	14	(	(	PUNCT
hi-55	163	15	0.000	0.000	NUM
hi-55	163	16	)	)	PUNCT
hi-55	163	17	(	(	PUNCT
hi-55	163	18	0.000	0.000	NUM
hi-55	163	19	)	)	PUNCT
hi-55	163	20	(	(	PUNCT
hi-55	163	21	0.000	0.000	X
hi-55	163	22	)	)	PUNCT
hi-55	163	23	note	note	NOUN
hi-55	163	24	:	:	PUNCT
hi-55	163	25	values	value	NOUN
hi-55	163	26	in	in	ADP
hi-55	163	27	parentheses	parenthesis	NOUN
hi-55	163	28	are	be	AUX
hi-55	163	29	estimated	estimate	VERB
hi-55	163	30	p	p	ADJ
hi-55	163	31	values	value	NOUN
hi-55	163	32	.	.	PUNCT
hi-55	164	1	the	the	DET
hi-55	164	2	options	option	NOUN
hi-55	164	3	used	use	VERB
hi-55	164	4	are	be	AUX
hi-55	164	5	:	:	PUNCT
hi-55	164	6	individual	individual	ADJ
hi-55	164	7	trend	trend	NOUN
hi-55	164	8	and	and	CCONJ
hi-55	164	9	intercept	intercept	NOUN
hi-55	164	10	,	,	PUNCT
hi-55	164	11	lag	lag	NOUN
hi-55	164	12	length	length	NOUN
hi-55	164	13	chosen	choose	VERB
hi-55	164	14	by	by	ADP
hi-55	164	15	schwarz	schwarz	PROPN
hi-55	164	16	automatic	automatic	ADJ
hi-55	164	17	selection	selection	NOUN
hi-55	164	18	(	(	PUNCT
hi-55	164	19	schwarz	schwarz	NOUN
hi-55	164	20	,	,	PUNCT
hi-55	164	21	1978	1978	NUM
hi-55	164	22	)	)	PUNCT
hi-55	164	23	,	,	PUNCT
hi-55	164	24	kernel	kernel	PROPN
hi-55	164	25	method	method	NOUN
hi-55	164	26	of	of	ADP
hi-55	164	27	bartlett	bartlett	PROPN
hi-55	164	28	(	(	PUNCT
hi-55	164	29	bartlett	bartlett	PROPN
hi-55	164	30	,	,	PUNCT
hi-55	164	31	1948	1948	NUM
hi-55	164	32	)	)	PUNCT
hi-55	164	33	obtained	obtain	VERB
hi-55	164	34	by	by	ADP
hi-55	164	35	special	special	ADJ
hi-55	164	36	estimation	estimation	NOUN
hi-55	164	37	and	and	CCONJ
hi-55	164	38	bandwidth	bandwidth	ADJ
hi-55	164	39	selection	selection	NOUN
hi-55	164	40	by	by	ADP
hi-55	164	41	automatic	automatic	ADJ
hi-55	164	42	newey	newey	NOUN
hi-55	164	43	-	-	PUNCT
hi-55	164	44	west	west	PROPN
hi-55	164	45	(	(	PUNCT
hi-55	164	46	newey	newey	PROPN
hi-55	164	47	&	&	CCONJ
hi-55	164	48	west	west	PROPN
hi-55	164	49	,	,	PUNCT
hi-55	164	50	1994	1994	NUM
hi-55	164	51	)	)	PUNCT
hi-55	164	52	the	the	DET
hi-55	164	53	long	long	ADJ
hi-55	164	54	run	run	NOUN
hi-55	164	55	and	and	CCONJ
hi-55	164	56	short	short	ADJ
hi-55	164	57	run	run	NOUN
hi-55	164	58	results	result	NOUN
hi-55	164	59	of	of	ADP
hi-55	164	60	pooled	pooled	ADJ
hi-55	164	61	mean	mean	NOUN
hi-55	164	62	group	group	NOUN
hi-55	164	63	(	(	PUNCT
hi-55	164	64	pmg	pmg	PROPN
hi-55	164	65	)	)	PUNCT
hi-55	164	66	regression	regression	NOUN
hi-55	164	67	with	with	ADP
hi-55	164	68	dependent	dependent	ADJ
hi-55	164	69	variable	variable	ADJ
hi-55	164	70	exchange	exchange	NOUN
hi-55	164	71	rate	rate	NOUN
hi-55	164	72	volatility	volatility	NOUN
hi-55	164	73	are	be	AUX
hi-55	164	74	given	give	VERB
hi-55	164	75	in	in	ADP
hi-55	164	76	table	table	NOUN
hi-55	164	77	6	6	NUM
hi-55	164	78	on	on	ADP
hi-55	164	79	left	left	ADJ
hi-55	164	80	hand	hand	NOUN
hi-55	164	81	side	side	NOUN
hi-55	164	82	.	.	PUNCT
hi-55	165	1	the	the	DET
hi-55	165	2	long	long	ADJ
hi-55	165	3	run	run	NOUN
hi-55	165	4	results	result	NOUN
hi-55	165	5	explain	explain	VERB
hi-55	165	6	that	that	SCONJ
hi-55	165	7	the	the	DET
hi-55	165	8	exchange	exchange	NOUN
hi-55	165	9	rate	rate	NOUN
hi-55	165	10	volatility	volatility	NOUN
hi-55	165	11	in	in	ADP
hi-55	165	12	middle	middle	ADJ
hi-55	165	13	income	income	NOUN
hi-55	165	14	countries	country	NOUN
hi-55	165	15	is	be	AUX
hi-55	165	16	entirely	entirely	ADV
hi-55	165	17	determined	determine	VERB
hi-55	165	18	by	by	ADP
hi-55	165	19	the	the	DET
hi-55	165	20	macroeconomic	macroeconomic	ADJ
hi-55	165	21	indicators	indicator	NOUN
hi-55	165	22	.	.	PUNCT
hi-55	166	1	the	the	DET
hi-55	166	2	macroeconomic	macroeconomic	ADJ
hi-55	166	3	variables	variable	NOUN
hi-55	166	4	gdpc	gdpc	NOUN
hi-55	166	5	and	and	CCONJ
hi-55	166	6	inf	inf	PROPN
hi-55	166	7	have	have	VERB
hi-55	166	8	positive	positive	ADJ
hi-55	166	9	effect	effect	NOUN
hi-55	166	10	on	on	ADP
hi-55	166	11	exrv	exrv	NOUN
hi-55	166	12	whereas	whereas	SCONJ
hi-55	166	13	cab	cab	NOUN
hi-55	166	14	,	,	PUNCT
hi-55	166	15	fdev	fdev	NOUN
hi-55	166	16	,	,	PUNCT
hi-55	166	17	fdi	fdi	PROPN
hi-55	166	18	,	,	PUNCT
hi-55	166	19	gexp	gexp	NOUN
hi-55	166	20	and	and	CCONJ
hi-55	166	21	reserv	reserv	PROPN
hi-55	166	22	have	have	VERB
hi-55	166	23	negative	negative	ADJ
hi-55	166	24	long	long	ADJ
hi-55	166	25	run	run	NOUN
hi-55	166	26	impact	impact	NOUN
hi-55	166	27	on	on	ADP
hi-55	166	28	the	the	DET
hi-55	166	29	exchange	exchange	NOUN
hi-55	166	30	rate	rate	NOUN
hi-55	166	31	volatility	volatility	NOUN
hi-55	166	32	(	(	PUNCT
hi-55	166	33	the	the	DET
hi-55	166	34	findings	finding	NOUN
hi-55	166	35	are	be	AUX
hi-55	166	36	in	in	ADP
hi-55	166	37	line	line	NOUN
hi-55	166	38	with	with	ADP
hi-55	166	39	ali	ali	PROPN
hi-55	166	40	et	et	PROPN
hi-55	166	41	al	al	PROPN
hi-55	166	42	.	.	PROPN
hi-55	166	43	,	,	PUNCT
hi-55	166	44	2015	2015	NUM
hi-55	166	45	;	;	PUNCT
hi-55	166	46	arabi	arabi	NOUN
hi-55	166	47	,	,	PUNCT
hi-55	166	48	2012	2012	NUM
hi-55	166	49	;	;	PUNCT
hi-55	166	50	calderon	calderon	NOUN
hi-55	166	51	,	,	PUNCT
hi-55	166	52	2004	2004	NUM
hi-55	166	53	;	;	PUNCT
hi-55	166	54	hviding	hvide	VERB
hi-55	166	55	,	,	PUNCT
hi-55	166	56	nowak	nowak	PROPN
hi-55	166	57	&	&	CCONJ
hi-55	166	58	ricci	ricci	PROPN
hi-55	166	59	,	,	PUNCT
hi-55	166	60	2004	2004	NUM
hi-55	166	61	;	;	PUNCT
hi-55	166	62	kilicarslan	kilicarslan	PROPN
hi-55	166	63	,	,	PUNCT
hi-55	166	64	2018	2018	NUM
hi-55	166	65	;	;	PUNCT
hi-55	166	66	serven	serven	VERB
hi-55	166	67	,	,	PUNCT
hi-55	166	68	2003	2003	NUM
hi-55	166	69	)	)	PUNCT
hi-55	166	70	.	.	PUNCT
hi-55	167	1	the	the	DET
hi-55	167	2	results	result	NOUN
hi-55	167	3	of	of	ADP
hi-55	167	4	pooled	pooled	ADJ
hi-55	167	5	mean	mean	NOUN
hi-55	167	6	group	group	NOUN
hi-55	167	7	(	(	PUNCT
hi-55	167	8	pmg	pmg	PROPN
hi-55	167	9	)	)	PUNCT
hi-55	167	10	estimation	estimation	NOUN
hi-55	167	11	of	of	ADP
hi-55	167	12	exchange	exchange	NOUN
hi-55	167	13	rate	rate	NOUN
hi-55	167	14	level	level	NOUN
hi-55	167	15	function	function	NOUN
hi-55	167	16	for	for	ADP
hi-55	167	17	panel	panel	NOUN
hi-55	167	18	data	datum	NOUN
hi-55	167	19	set	set	VERB
hi-55	167	20	of	of	ADP
hi-55	167	21	middle	middle	ADJ
hi-55	167	22	income	income	NOUN
hi-55	167	23	countries	country	NOUN
hi-55	167	24	are	be	AUX
hi-55	167	25	given	give	VERB
hi-55	167	26	on	on	ADP
hi-55	167	27	right	right	ADJ
hi-55	167	28	hand	hand	NOUN
hi-55	167	29	side	side	NOUN
hi-55	167	30	in	in	ADP
hi-55	167	31	table	table	NOUN
hi-55	167	32	6	6	NUM
hi-55	167	33	.	.	PUNCT
hi-55	168	1	the	the	DET
hi-55	168	2	long	long	ADJ
hi-55	168	3	run	run	NOUN
hi-55	168	4	results	result	NOUN
hi-55	168	5	show	show	VERB
hi-55	168	6	strong	strong	ADJ
hi-55	168	7	influence	influence	NOUN
hi-55	168	8	of	of	ADP
hi-55	168	9	macroeconomic	macroeconomic	ADJ
hi-55	168	10	variables	variable	NOUN
hi-55	168	11	in	in	ADP
hi-55	168	12	determination	determination	NOUN
hi-55	168	13	of	of	ADP
hi-55	168	14	exchange	exchange	NOUN
hi-55	168	15	rate	rate	NOUN
hi-55	168	16	level	level	NOUN
hi-55	168	17	.	.	PUNCT
hi-55	169	1	the	the	DET
hi-55	169	2	results	result	NOUN
hi-55	169	3	show	show	VERB
hi-55	169	4	that	that	SCONJ
hi-55	169	5	cab	cab	NOUN
hi-55	169	6	,	,	PUNCT
hi-55	169	7	gexp	gexp	NOUN
hi-55	169	8	and	and	CCONJ
hi-55	169	9	inf	inf	PROPN
hi-55	169	10	have	have	VERB
hi-55	169	11	negative	negative	ADJ
hi-55	169	12	impact	impact	NOUN
hi-55	169	13	on	on	ADP
hi-55	169	14	the	the	DET
hi-55	169	15	exchange	exchange	NOUN
hi-55	169	16	rate	rate	NOUN
hi-55	169	17	movements	movement	NOUN
hi-55	169	18	in	in	ADP
hi-55	169	19	the	the	DET
hi-55	169	20	long	long	ADJ
hi-55	169	21	run	run	NOUN
hi-55	169	22	.	.	PUNCT
hi-55	170	1	on	on	ADP
hi-55	170	2	the	the	DET
hi-55	170	3	other	other	ADJ
hi-55	170	4	hand	hand	NOUN
hi-55	170	5	impact	impact	NOUN
hi-55	170	6	of	of	ADP
hi-55	170	7	gdpc	gdpc	NOUN
hi-55	170	8	,	,	PUNCT
hi-55	170	9	fdev	fdev	NOUN
hi-55	170	10	and	and	CCONJ
hi-55	170	11	reserv	reserv	PROPN
hi-55	170	12	have	have	AUX
hi-55	170	13	been	be	AUX
hi-55	170	14	observed	observe	VERB
hi-55	170	15	statistically	statistically	ADV
hi-55	170	16	significant	significant	ADJ
hi-55	170	17	and	and	CCONJ
hi-55	170	18	positive	positive	ADJ
hi-55	170	19	on	on	ADP
hi-55	170	20	the	the	DET
hi-55	170	21	exchange	exchange	NOUN
hi-55	170	22	rate	rate	NOUN
hi-55	170	23	level	level	NOUN
hi-55	170	24	(	(	PUNCT
hi-55	170	25	chowdhery	chowdhery	NOUN
hi-55	170	26	&	&	CCONJ
hi-55	170	27	hossein	hossein	PROPN
hi-55	170	28	,	,	PUNCT
hi-55	170	29	2014	2014	NUM
hi-55	170	30	;	;	PUNCT
hi-55	170	31	eichengreen	eichengreen	VERB
hi-55	170	32	,	,	PUNCT
hi-55	170	33	2007	2007	NUM
hi-55	170	34	;	;	PUNCT
hi-55	170	35	iavorschi	iavorschi	PROPN
hi-55	170	36	,	,	PUNCT
hi-55	170	37	2014	2014	NUM
hi-55	170	38	;	;	PUNCT
hi-55	170	39	ojo	ojo	PROPN
hi-55	170	40	&	&	CCONJ
hi-55	170	41	allege	allege	NOUN
hi-55	170	42	,	,	PUNCT
hi-55	170	43	2014	2014	NUM
hi-55	170	44	;	;	PUNCT
hi-55	170	45	william	william	PROPN
hi-55	170	46	&	&	CCONJ
hi-55	170	47	parsad	parsad	PROPN
hi-55	170	48	,	,	PUNCT
hi-55	170	49	2019	2019	NUM
hi-55	170	50	)	)	PUNCT
hi-55	170	51	.	.	PUNCT
hi-55	171	1	however	however	ADV
hi-55	171	2	negative	negative	ADJ
hi-55	171	3	impact	impact	NOUN
hi-55	171	4	of	of	ADP
hi-55	171	5	cab	cab	NOUN
hi-55	171	6	and	and	CCONJ
hi-55	171	7	gexp	gexp	NOUN
hi-55	171	8	on	on	ADP
hi-55	171	9	exrl	exrl	PROPN
hi-55	171	10	in	in	ADP
hi-55	171	11	middle	middle	ADJ
hi-55	171	12	income	income	NOUN
hi-55	171	13	countries	country	NOUN
hi-55	171	14	is	be	AUX
hi-55	171	15	against	against	ADP
hi-55	171	16	the	the	DET
hi-55	171	17	theory	theory	NOUN
hi-55	171	18	.	.	PUNCT
hi-55	172	1	one	one	NUM
hi-55	172	2	of	of	ADP
hi-55	172	3	the	the	DET
hi-55	172	4	major	major	ADJ
hi-55	172	5	reason	reason	NOUN
hi-55	172	6	of	of	ADP
hi-55	172	7	this	this	DET
hi-55	172	8	theoretical	theoretical	ADJ
hi-55	172	9	deviation	deviation	NOUN
hi-55	172	10	is	be	AUX
hi-55	172	11	that	that	SCONJ
hi-55	172	12	middle	middle	ADJ
hi-55	172	13	income	income	NOUN
hi-55	172	14	countries	country	NOUN
hi-55	172	15	are	be	AUX
hi-55	172	16	facing	face	VERB
hi-55	172	17	persistent	persistent	ADJ
hi-55	172	18	current	current	ADJ
hi-55	172	19	account	account	NOUN
hi-55	172	20	deficits	deficit	NOUN
hi-55	172	21	further	further	ADJ
hi-55	172	22	governments	government	NOUN
hi-55	172	23	in	in	ADP
hi-55	172	24	these	these	DET
hi-55	172	25	countries	country	NOUN
hi-55	172	26	are	be	AUX
hi-55	172	27	spending	spend	VERB
hi-55	172	28	more	more	ADJ
hi-55	172	29	on	on	ADP
hi-55	172	30	non	non	ADJ
hi-55	172	31	-	-	ADJ
hi-55	172	32	tradable	tradable	ADJ
hi-55	172	33	goods	good	NOUN
hi-55	172	34	(	(	PUNCT
hi-55	172	35	see	see	VERB
hi-55	172	36	for	for	ADP
hi-55	172	37	instance	instance	NOUN
hi-55	172	38	,	,	PUNCT
hi-55	172	39	cakrani	cakrani	PROPN
hi-55	172	40	et	et	NOUN
hi-55	172	41	78	78	NUM
hi-55	172	42	macroeconomics	macroeconomic	NOUN
hi-55	172	43	indicators	indicator	NOUN
hi-55	172	44	contributing	contribute	VERB
hi-55	172	45	...	...	PUNCT
hi-55	173	1	al	al	PROPN
hi-55	173	2	.	.	PROPN
hi-55	173	3	,	,	PUNCT
hi-55	173	4	2013	2013	NUM
hi-55	173	5	;	;	PUNCT
hi-55	173	6	william	william	PROPN
hi-55	173	7	&	&	CCONJ
hi-55	173	8	parsad	parsad	PROPN
hi-55	173	9	,	,	PUNCT
hi-55	173	10	2019	2019	NUM
hi-55	173	11	)	)	PUNCT
hi-55	173	12	.	.	PUNCT
hi-55	174	1	further	far	ADV
hi-55	174	2	,	,	PUNCT
hi-55	174	3	the	the	DET
hi-55	174	4	short	short	ADJ
hi-55	174	5	run	run	NOUN
hi-55	174	6	analysis	analysis	NOUN
hi-55	174	7	shows	show	VERB
hi-55	174	8	that	that	SCONJ
hi-55	174	9	impact	impact	NOUN
hi-55	174	10	of	of	ADP
hi-55	174	11	gdpc	gdpc	NOUN
hi-55	174	12	,	,	PUNCT
hi-55	174	13	fdev	fdev	NOUN
hi-55	174	14	and	and	CCONJ
hi-55	174	15	gexp	gexp	NOUN
hi-55	174	16	is	be	AUX
hi-55	174	17	negative	negative	ADJ
hi-55	174	18	on	on	ADP
hi-55	174	19	exchange	exchange	NOUN
hi-55	174	20	rate	rate	NOUN
hi-55	174	21	level	level	NOUN
hi-55	174	22	and	and	CCONJ
hi-55	174	23	impact	impact	NOUN
hi-55	174	24	of	of	ADP
hi-55	174	25	inflation	inflation	NOUN
hi-55	174	26	observed	observe	VERB
hi-55	174	27	positive	positive	ADJ
hi-55	174	28	on	on	ADP
hi-55	174	29	exchange	exchange	NOUN
hi-55	174	30	rate	rate	NOUN
hi-55	174	31	level	level	NOUN
hi-55	174	32	.	.	PUNCT
hi-55	175	1	table	table	NOUN
hi-55	175	2	.	.	PUNCT
hi-55	176	1	6	6	NUM
hi-55	176	2	results	result	NOUN
hi-55	176	3	of	of	ADP
hi-55	176	4	pooled	pooled	ADJ
hi-55	176	5	mean	mean	NOUN
hi-55	176	6	group	group	NOUN
hi-55	176	7	regression	regression	NOUN
hi-55	176	8	of	of	ADP
hi-55	176	9	ardl	ardl	NOUN
hi-55	176	10	for	for	ADP
hi-55	176	11	exchange	exchange	NOUN
hi-55	176	12	rate	rate	NOUN
hi-55	176	13	behaviour	behaviour	NOUN
hi-55	176	14	in	in	ADP
hi-55	176	15	middle	middle	ADJ
hi-55	176	16	income	income	NOUN
hi-55	176	17	countries	country	NOUN
hi-55	176	18	independent	independent	ADJ
hi-55	176	19	dependent	dependent	ADJ
hi-55	176	20	variable	variable	ADJ
hi-55	176	21	dependent	dependent	ADJ
hi-55	176	22	variable	variable	ADJ
hi-55	176	23	variables	variable	NOUN
hi-55	176	24	lexrv	lexrv	ADV
hi-55	176	25	lexrl	lexrl	PROPN
hi-55	176	26	coefficient	coefficient	PROPN
hi-55	176	27	z	z	PROPN
hi-55	176	28	coefficient	coefficient	PROPN
hi-55	176	29	z	z	PROPN
hi-55	176	30	statistics	statistics	PROPN
hi-55	176	31	statistics	statistic	NOUN
hi-55	176	32	long	long	ADV
hi-55	176	33	run	run	VERB
hi-55	176	34	results	result	NOUN
hi-55	176	35	lgdpc	lgdpc	VERB
hi-55	176	36	1.9799	1.9799	NUM
hi-55	176	37	10.75	10.75	NUM
hi-55	176	38	*	*	PUNCT
hi-55	176	39	0.5240	0.5240	NUM
hi-55	176	40	7.05	7.05	NUM
hi-55	176	41	*	*	PUNCT
hi-55	176	42	(	(	PUNCT
hi-55	176	43	0.000	0.000	NUM
hi-55	176	44	)	)	PUNCT
hi-55	176	45	(	(	PUNCT
hi-55	176	46	0.000	0.000	X
hi-55	176	47	)	)	PUNCT
hi-55	176	48	lcab	lcab	NOUN
hi-55	176	49	-0.0769	-0.0769	NOUN
hi-55	176	50	-2.41	-2.41	NOUN
hi-55	176	51	*	*	PUNCT
hi-55	176	52	*	*	PUNCT
hi-55	176	53	-0.3308	-0.3308	PROPN
hi-55	176	54	-9.01	-9.01	PROPN
hi-55	176	55	*	*	SYM
hi-55	176	56	(	(	PUNCT
hi-55	176	57	0.016	0.016	NUM
hi-55	176	58	)	)	PUNCT
hi-55	176	59	(	(	PUNCT
hi-55	176	60	0.000	0.000	X
hi-55	176	61	)	)	PUNCT
hi-55	176	62	lfdi	lfdi	NOUN
hi-55	176	63	-0.0893	-0.0893	PROPN
hi-55	176	64	-1.65	-1.65	PROPN
hi-55	176	65	*	*	PUNCT
hi-55	176	66	*	*	PUNCT
hi-55	176	67	*	*	PUNCT
hi-55	176	68	0.0246	0.0246	NUM
hi-55	176	69	0.73	0.73	NUM
hi-55	176	70	(	(	PUNCT
hi-55	176	71	0.098	0.098	NUM
hi-55	176	72	)	)	PUNCT
hi-55	176	73	(	(	PUNCT
hi-55	176	74	0.466	0.466	NUM
hi-55	176	75	)	)	PUNCT
hi-55	176	76	lfdev	lfdev	NOUN
hi-55	176	77	-0.5446	-0.5446	NOUN
hi-55	176	78	-4.60	-4.60	PROPN
hi-55	176	79	*	*	PROPN
hi-55	176	80	0.2356	0.2356	NUM
hi-55	176	81	4.35	4.35	NUM
hi-55	176	82	*	*	PUNCT
hi-55	176	83	(	(	PUNCT
hi-55	176	84	0.000	0.000	NUM
hi-55	176	85	)	)	PUNCT
hi-55	176	86	(	(	PUNCT
hi-55	176	87	0.000	0.000	X
hi-55	176	88	)	)	PUNCT
hi-55	176	89	lgexp	lgexp	PROPN
hi-55	176	90	-1.1526	-1.1526	PROPN
hi-55	176	91	-4.33	-4.33	PROPN
hi-55	176	92	*	*	PROPN
hi-55	176	93	-0.1383	-0.1383	PROPN
hi-55	176	94	-2.17	-2.17	NOUN
hi-55	176	95	*	*	PUNCT
hi-55	176	96	*	*	PUNCT
hi-55	176	97	(	(	PUNCT
hi-55	176	98	0.000	0.000	NUM
hi-55	176	99	)	)	PUNCT
hi-55	176	100	(	(	PUNCT
hi-55	176	101	0.030	0.030	NUM
hi-55	176	102	)	)	PUNCT
hi-55	176	103	linf	linf	NOUN
hi-55	176	104	0.2837	0.2837	NUM
hi-55	176	105	5.34	5.34	NUM
hi-55	176	106	*	*	PUNCT
hi-55	176	107	-0.3016	-0.3016	X
hi-55	177	1	-10.38	-10.38	PUNCT
hi-55	177	2	*	*	PUNCT
hi-55	177	3	(	(	PUNCT
hi-55	177	4	0.000	0.000	NUM
hi-55	177	5	)	)	PUNCT
hi-55	177	6	(	(	PUNCT
hi-55	177	7	0.000	0.000	X
hi-55	177	8	)	)	PUNCT
hi-55	177	9	lreserv	lreserv	NOUN
hi-55	177	10	-1.2648	-1.2648	NOUN
hi-55	178	1	-13.07	-13.07	PUNCT
hi-55	179	1	*	*	PUNCT
hi-55	179	2	0.1442	0.1442	NUM
hi-55	179	3	3.51	3.51	NUM
hi-55	179	4	*	*	PUNCT
hi-55	179	5	(	(	PUNCT
hi-55	179	6	0.000	0.000	NUM
hi-55	179	7	)	)	PUNCT
hi-55	179	8	(	(	PUNCT
hi-55	179	9	0.000	0.000	X
hi-55	179	10	)	)	PUNCT
hi-55	179	11	ltrade	ltrade	NOUN
hi-55	179	12	0.0075	0.0075	NUM
hi-55	179	13	1.26	1.26	NUM
hi-55	179	14	-0.0063	-0.0063	NUM
hi-55	179	15	-1.20	-1.20	NUM
hi-55	179	16	(	(	PUNCT
hi-55	179	17	0.208	0.208	NUM
hi-55	179	18	)	)	PUNCT
hi-55	179	19	(	(	PUNCT
hi-55	179	20	0.231	0.231	NUM
hi-55	179	21	)	)	PUNCT
hi-55	179	22	short	short	ADJ
hi-55	179	23	run	run	NOUN
hi-55	179	24	results	result	NOUN
hi-55	179	25	ect	ect	VERB
hi-55	179	26	-0.2414	-0.2414	X
hi-55	180	1	-5.68	-5.68	NUM
hi-55	181	1	*	*	PUNCT
hi-55	181	2	0.0000	0.0000	NUM
hi-55	181	3	0.14	0.14	NUM
hi-55	181	4	(	(	PUNCT
hi-55	181	5	0.000	0.000	NUM
hi-55	181	6	)	)	PUNCT
hi-55	181	7	(	(	PUNCT
hi-55	181	8	0.891	0.891	NUM
hi-55	181	9	)	)	PUNCT
hi-55	181	10	lgdpc	lgdpc	NOUN
hi-55	181	11	-1.3417	-1.3417	VERB
hi-55	182	1	-1.90	-1.90	PRON
hi-55	182	2	*	*	PUNCT
hi-55	182	3	*	*	NOUN
hi-55	182	4	-0.6381	-0.6381	NOUN
hi-55	183	1	-14.15	-14.15	NOUN
hi-55	183	2	*	*	PUNCT
hi-55	183	3	(	(	PUNCT
hi-55	183	4	0.057	0.057	NUM
hi-55	183	5	)	)	PUNCT
hi-55	183	6	(	(	PUNCT
hi-55	183	7	0.000	0.000	X
hi-55	183	8	)	)	PUNCT
hi-55	183	9	hamdard	hamdard	ADJ
hi-55	183	10	islamicus	islamicus	NOUN
hi-55	183	11	vol	vol	NOUN
hi-55	183	12	.	.	PUNCT
hi-55	184	1	xliii	xliii	PROPN
hi-55	184	2	,	,	PUNCT
hi-55	184	3	no	no	INTJ
hi-55	184	4	.	.	NOUN
hi-55	184	5	3	3	NUM
hi-55	184	6	79	79	NUM
hi-55	184	7	independent	independent	ADJ
hi-55	184	8	dependent	dependent	ADJ
hi-55	184	9	variable	variable	ADJ
hi-55	184	10	dependent	dependent	ADJ
hi-55	184	11	variable	variable	ADJ
hi-55	184	12	variables	variable	NOUN
hi-55	184	13	lexrv	lexrv	ADV
hi-55	184	14	lexrl	lexrl	PROPN
hi-55	184	15	coefficient	coefficient	PROPN
hi-55	184	16	z	z	PROPN
hi-55	184	17	coefficient	coefficient	PROPN
hi-55	184	18	z	z	PROPN
hi-55	184	19	statistics	statistics	PROPN
hi-55	184	20	statistics	statistics	PROPN
hi-55	184	21	lcab	lcab	PROPN
hi-55	184	22	-0.1361	-0.1361	NOUN
hi-55	184	23	-1.60	-1.60	VERB
hi-55	184	24	0.0047	0.0047	NUM
hi-55	184	25	0.87	0.87	NUM
hi-55	184	26	(	(	PUNCT
hi-55	184	27	0.109	0.109	NUM
hi-55	184	28	)	)	PUNCT
hi-55	184	29	(	(	PUNCT
hi-55	184	30	0.385	0.385	NUM
hi-55	184	31	)	)	PUNCT
hi-55	184	32	lfdi	lfdi	NOUN
hi-55	184	33	0.0517	0.0517	NUM
hi-55	184	34	0.44	0.44	NUM
hi-55	184	35	0.0015	0.0015	NUM
hi-55	184	36	0.46	0.46	NUM
hi-55	184	37	(	(	PUNCT
hi-55	184	38	0.658	0.658	NUM
hi-55	184	39	)	)	PUNCT
hi-55	184	40	(	(	PUNCT
hi-55	184	41	0.648	0.648	NUM
hi-55	184	42	)	)	PUNCT
hi-55	185	1	lfdev	lfdev	PROPN
hi-55	185	2	-0.4440	-0.4440	PROPN
hi-55	186	1	-0.98	-0.98	NUM
hi-55	186	2	-0.0881	-0.0881	X
hi-55	186	3	-3.50	-3.50	NOUN
hi-55	186	4	*	*	PUNCT
hi-55	186	5	(	(	PUNCT
hi-55	186	6	0.326	0.326	NUM
hi-55	186	7	)	)	PUNCT
hi-55	186	8	(	(	PUNCT
hi-55	186	9	0.000	0.000	X
hi-55	186	10	)	)	PUNCT
hi-55	186	11	lgexp	lgexp	PROPN
hi-55	186	12	-0.2535	-0.2535	PROPN
hi-55	186	13	-0.25	-0.25	NUM
hi-55	186	14	-0.1260	-0.1260	NOUN
hi-55	186	15	-3.73	-3.73	NOUN
hi-55	186	16	*	*	PUNCT
hi-55	186	17	(	(	PUNCT
hi-55	186	18	0.799	0.799	NUM
hi-55	186	19	)	)	PUNCT
hi-55	186	20	(	(	PUNCT
hi-55	186	21	0.000	0.000	X
hi-55	186	22	)	)	PUNCT
hi-55	186	23	linf	linf	ADJ
hi-55	186	24	-0.0181	-0.0181	INTJ
hi-55	186	25	-0.23	-0.23	PUNCT
hi-55	186	26	0.0192	0.0192	NUM
hi-55	186	27	2.90	2.90	NUM
hi-55	186	28	*	*	PUNCT
hi-55	186	29	(	(	PUNCT
hi-55	186	30	0.819	0.819	NUM
hi-55	186	31	)	)	PUNCT
hi-55	186	32	(	(	PUNCT
hi-55	186	33	0.004	0.004	NUM
hi-55	186	34	)	)	PUNCT
hi-55	186	35	lreserv	lreserv	PROPN
hi-55	186	36	-0.2804	-0.2804	NOUN
hi-55	186	37	-1.24	-1.24	PROPN
hi-55	186	38	-0.0186	-0.0186	VERB
hi-55	186	39	-1.33	-1.33	NUM
hi-55	186	40	(	(	PUNCT
hi-55	186	41	0.217	0.217	NUM
hi-55	186	42	)	)	PUNCT
hi-55	186	43	(	(	PUNCT
hi-55	186	44	0.183	0.183	NUM
hi-55	186	45	)	)	PUNCT
hi-55	186	46	ltrade	ltrade	VERB
hi-55	186	47	0.3587	0.3587	NUM
hi-55	186	48	1.63	1.63	NUM
hi-55	186	49	0.0010	0.0010	NUM
hi-55	186	50	0.13	0.13	NUM
hi-55	186	51	(	(	PUNCT
hi-55	186	52	0.103	0.103	NUM
hi-55	186	53	)	)	PUNCT
hi-55	186	54	(	(	PUNCT
hi-55	186	55	0.897	0.897	NUM
hi-55	186	56	)	)	PUNCT
hi-55	186	57	number	number	NOUN
hi-55	186	58	of	of	ADP
hi-55	186	59	groups	group	NOUN
hi-55	186	60	68	68	NUM
hi-55	186	61	68	68	NUM
hi-55	186	62	no	no	NOUN
hi-55	186	63	.	.	PUNCT
hi-55	187	1	of	of	ADP
hi-55	187	2	observations	observation	NOUN
hi-55	187	3	1360	1360	NUM
hi-55	187	4	1360	1360	NUM
hi-55	187	5	log	log	NOUN
hi-55	187	6	likelihood	likelihood	NOUN
hi-55	187	7	-488.1488	-488.1488	NOUN
hi-55	188	1	3088.973	3088.973	NUM
hi-55	188	2	note	note	VERB
hi-55	188	3	:	:	PUNCT
hi-55	188	4	*	*	PUNCT
hi-55	188	5	,	,	PUNCT
hi-55	188	6	*	*	PUNCT
hi-55	188	7	*	*	PUNCT
hi-55	188	8	and	and	CCONJ
hi-55	188	9	*	*	PUNCT
hi-55	188	10	*	*	PUNCT
hi-55	188	11	*	*	PUNCT
hi-55	188	12	represent	represent	VERB
hi-55	188	13	1	1	NUM
hi-55	188	14	,	,	PUNCT
hi-55	188	15	5	5	NUM
hi-55	188	16	and	and	CCONJ
hi-55	188	17	10	10	NUM
hi-55	188	18	percent	percent	NOUN
hi-55	188	19	level	level	NOUN
hi-55	188	20	of	of	ADP
hi-55	188	21	significance	significance	NOUN
hi-55	188	22	respectively	respectively	ADV
hi-55	188	23	.	.	PUNCT
hi-55	189	1	values	value	NOUN
hi-55	189	2	in	in	ADP
hi-55	189	3	parentheses	parenthesis	NOUN
hi-55	189	4	are	be	AUX
hi-55	189	5	estimated	estimate	VERB
hi-55	189	6	p	p	ADJ
hi-55	189	7	values	value	NOUN
hi-55	189	8	.	.	PUNCT
hi-55	190	1	panel	panel	NOUN
hi-55	190	2	granger	granger	PROPN
hi-55	190	3	causality	causality	PROPN
hi-55	190	4	test	test	NOUN
hi-55	190	5	results	result	NOUN
hi-55	190	6	for	for	ADP
hi-55	190	7	exchange	exchange	NOUN
hi-55	190	8	rate	rate	NOUN
hi-55	190	9	volatility	volatility	NOUN
hi-55	190	10	(	(	PUNCT
hi-55	190	11	middle	middle	ADJ
hi-55	190	12	income	income	NOUN
hi-55	190	13	countries	country	NOUN
hi-55	190	14	)	)	PUNCT
hi-55	190	15	the	the	DET
hi-55	190	16	estimation	estimation	NOUN
hi-55	190	17	results	result	NOUN
hi-55	190	18	of	of	ADP
hi-55	190	19	pair	pair	NOUN
hi-55	190	20	wise	wise	ADJ
hi-55	190	21	panel	panel	NOUN
hi-55	190	22	granger	granger	PROPN
hi-55	190	23	causality	causality	PROPN
hi-55	190	24	test	test	NOUN
hi-55	190	25	are	be	AUX
hi-55	190	26	given	give	VERB
hi-55	190	27	in	in	ADP
hi-55	190	28	table	table	NOUN
hi-55	190	29	7	7	NUM
hi-55	190	30	.	.	PUNCT
hi-55	191	1	the	the	DET
hi-55	191	2	results	result	NOUN
hi-55	191	3	indicate	indicate	VERB
hi-55	191	4	existence	existence	NOUN
hi-55	191	5	of	of	ADP
hi-55	191	6	bidirectional	bidirectional	ADJ
hi-55	191	7	causality	causality	NOUN
hi-55	191	8	between	between	ADP
hi-55	191	9	exrv	exrv	NOUN
hi-55	191	10	and	and	CCONJ
hi-55	191	11	gdpc	gdpc	NOUN
hi-55	191	12	(	(	PUNCT
hi-55	191	13	the	the	DET
hi-55	191	14	findings	finding	NOUN
hi-55	191	15	are	be	AUX
hi-55	191	16	in	in	ADP
hi-55	191	17	line	line	NOUN
hi-55	191	18	with	with	ADP
hi-55	191	19	aliyu	aliyu	NOUN
hi-55	191	20	,	,	PUNCT
hi-55	191	21	2009	2009	NUM
hi-55	191	22	;	;	PUNCT
hi-55	191	23	morana	morana	NOUN
hi-55	191	24	,	,	PUNCT
hi-55	191	25	2009	2009	NUM
hi-55	191	26	)	)	PUNCT
hi-55	191	27	.	.	PUNCT
hi-55	192	1	the	the	DET
hi-55	192	2	results	result	NOUN
hi-55	192	3	show	show	VERB
hi-55	192	4	government	government	NOUN
hi-55	192	5	expenditure	expenditure	NOUN
hi-55	192	6	does	do	AUX
hi-55	192	7	not	not	PART
hi-55	192	8	cause	cause	VERB
hi-55	192	9	the	the	DET
hi-55	192	10	exchange	exchange	NOUN
hi-55	192	11	rate	rate	NOUN
hi-55	192	12	volatility	volatility	NOUN
hi-55	192	13	while	while	SCONJ
hi-55	192	14	exchange	exchange	NOUN
hi-55	192	15	rate	rate	NOUN
hi-55	192	16	volatility	volatility	NOUN
hi-55	192	17	granger	granger	NOUN
hi-55	192	18	cause	cause	VERB
hi-55	192	19	the	the	DET
hi-55	192	20	government	government	NOUN
hi-55	192	21	expenditures	expenditure	NOUN
hi-55	192	22	.	.	PUNCT
hi-55	193	1	80	80	NUM
hi-55	193	2	macroeconomics	macroeconomic	NOUN
hi-55	193	3	indicators	indicator	NOUN
hi-55	193	4	contributing	contribute	VERB
hi-55	193	5	...	...	PUNCT
hi-55	193	6	table	table	NOUN
hi-55	193	7	.	.	PUNCT
hi-55	194	1	7	7	NUM
hi-55	194	2	panel	panel	NOUN
hi-55	194	3	granger	granger	PROPN
hi-55	194	4	causality	causality	PROPN
hi-55	194	5	test	test	NOUN
hi-55	194	6	results	result	NOUN
hi-55	194	7	for	for	ADP
hi-55	194	8	exchange	exchange	NOUN
hi-55	194	9	rate	rate	NOUN
hi-55	194	10	volatility	volatility	NOUN
hi-55	194	11	(	(	PUNCT
hi-55	194	12	middle	middle	ADJ
hi-55	194	13	income	income	NOUN
hi-55	194	14	countries	country	NOUN
hi-55	194	15	)	)	PUNCT
hi-55	194	16	null	null	ADJ
hi-55	194	17	hypothesis	hypothesis	NOUN
hi-55	194	18	lgdpc	lgdpc	NOUN
hi-55	194	19	does	do	AUX
hi-55	194	20	not	not	PART
hi-55	194	21	granger	granger	PROPN
hi-55	194	22	cause	cause	VERB
hi-55	194	23	lexrv	lexrv	ADV
hi-55	194	24	lexrv	lexrv	ADV
hi-55	194	25	does	do	AUX
hi-55	194	26	not	not	PART
hi-55	194	27	granger	granger	VERB
hi-55	194	28	cause	cause	VERB
hi-55	194	29	lgdpc	lgdpc	PROPN
hi-55	194	30	lcab	lcab	NOUN
hi-55	194	31	does	do	AUX
hi-55	194	32	not	not	PART
hi-55	194	33	granger	granger	PROPN
hi-55	194	34	cause	cause	VERB
hi-55	194	35	lexrv	lexrv	ADV
hi-55	194	36	lexrv	lexrv	ADV
hi-55	194	37	does	do	AUX
hi-55	194	38	not	not	PART
hi-55	194	39	granger	granger	AUX
hi-55	194	40	cause	cause	VERB
hi-55	194	41	lcab	lcab	NOUN
hi-55	194	42	lfdi	lfdi	NOUN
hi-55	194	43	does	do	AUX
hi-55	194	44	not	not	PART
hi-55	194	45	granger	granger	PROPN
hi-55	194	46	cause	cause	VERB
hi-55	194	47	lexrv	lexrv	ADV
hi-55	194	48	lexrv	lexrv	ADV
hi-55	194	49	does	do	AUX
hi-55	194	50	not	not	PART
hi-55	194	51	granger	granger	VERB
hi-55	194	52	cause	cause	VERB
hi-55	194	53	lfdi	lfdi	ADJ
hi-55	194	54	lfdev	lfdev	PROPN
hi-55	194	55	does	do	AUX
hi-55	194	56	not	not	PART
hi-55	194	57	granger	granger	PROPN
hi-55	194	58	cause	cause	VERB
hi-55	194	59	lexrv	lexrv	ADV
hi-55	194	60	lexrv	lexrv	ADV
hi-55	194	61	does	do	AUX
hi-55	194	62	not	not	PART
hi-55	194	63	granger	granger	VERB
hi-55	194	64	cause	cause	VERB
hi-55	194	65	lfdev	lfdev	PROPN
hi-55	194	66	lgexp	lgexp	PROPN
hi-55	194	67	does	do	AUX
hi-55	194	68	not	not	PART
hi-55	194	69	granger	granger	PROPN
hi-55	194	70	cause	cause	VERB
hi-55	194	71	lexrv	lexrv	ADV
hi-55	194	72	lexrv	lexrv	ADV
hi-55	194	73	does	do	AUX
hi-55	194	74	not	not	PART
hi-55	194	75	granger	granger	PROPN
hi-55	194	76	cause	cause	VERB
hi-55	194	77	lgexp	lgexp	PROPN
hi-55	194	78	linf	linf	PROPN
hi-55	194	79	does	do	AUX
hi-55	194	80	not	not	PART
hi-55	194	81	granger	granger	PROPN
hi-55	194	82	cause	cause	VERB
hi-55	194	83	lexrv	lexrv	ADV
hi-55	194	84	lexrv	lexrv	ADV
hi-55	194	85	does	do	AUX
hi-55	194	86	not	not	PART
hi-55	194	87	granger	granger	AUX
hi-55	194	88	cause	cause	VERB
hi-55	194	89	linf	linf	ADJ
hi-55	194	90	lreserv	lreserv	PROPN
hi-55	194	91	does	do	AUX
hi-55	194	92	not	not	PART
hi-55	194	93	granger	granger	PROPN
hi-55	194	94	cause	cause	VERB
hi-55	194	95	lexrv	lexrv	ADV
hi-55	194	96	lexrv	lexrv	ADV
hi-55	194	97	does	do	AUX
hi-55	194	98	not	not	PART
hi-55	194	99	granger	granger	VERB
hi-55	194	100	cause	cause	VERB
hi-55	194	101	lreserv	lreserv	PROPN
hi-55	194	102	ltrade	ltrade	NOUN
hi-55	194	103	does	do	AUX
hi-55	194	104	not	not	PART
hi-55	194	105	granger	granger	PROPN
hi-55	194	106	cause	cause	VERB
hi-55	194	107	lexrv	lexrv	ADV
hi-55	194	108	lexrv	lexrv	ADV
hi-55	194	109	does	do	AUX
hi-55	194	110	not	not	PART
hi-55	194	111	granger	granger	AUX
hi-55	194	112	cause	cause	VERB
hi-55	194	113	ltrade	ltrade	NOUN
hi-55	194	114	observations	observation	NOUN
hi-55	194	115	1292	1292	NUM
hi-55	194	116	1292	1292	NUM
hi-55	194	117	1292	1292	NUM
hi-55	194	118	1292	1292	NUM
hi-55	194	119	1292	1292	NUM
hi-55	194	120	1292	1292	NUM
hi-55	194	121	1292	1292	NUM
hi-55	194	122	1292	1292	NUM
hi-55	194	123	f	f	X
hi-55	194	124	-	-	PUNCT
hi-55	194	125	stat	stat	VERB
hi-55	194	126	7.07957	7.07957	NUM
hi-55	194	127	2.74529	2.74529	NUM
hi-55	195	1	0.19462	0.19462	NUM
hi-55	195	2	0.14831	0.14831	NUM
hi-55	195	3	1.03883	1.03883	NUM
hi-55	195	4	0.65360	0.65360	NUM
hi-55	195	5	1.87629	1.87629	NUM
hi-55	195	6	0.89030	0.89030	NUM
hi-55	195	7	1.16678	1.16678	NUM
hi-55	195	8	4.93765	4.93765	NUM
hi-55	195	9	0.52850	0.52850	NUM
hi-55	195	10	0.34561	0.34561	NOUN
hi-55	195	11	1.94341	1.94341	NUM
hi-55	195	12	0.47213	0.47213	NUM
hi-55	195	13	0.40221	0.40221	NUM
hi-55	195	14	1.52973	1.52973	NUM
hi-55	195	15	probability	probability	NOUN
hi-55	195	16	0.0009	0.0009	NUM
hi-55	195	17	0.0646	0.0646	NUM
hi-55	195	18	0.8232	0.8232	NUM
hi-55	195	19	0.8622	0.8622	NUM
hi-55	195	20	0.3542	0.3542	NUM
hi-55	195	21	0.5203	0.5203	NUM
hi-55	195	22	0.1536	0.1536	NUM
hi-55	195	23	0.4108	0.4108	NUM
hi-55	195	24	0.3117	0.3117	NUM
hi-55	195	25	0.0073	0.0073	NUM
hi-55	195	26	0.5896	0.5896	NUM
hi-55	195	27	0.7079	0.7079	NUM
hi-55	195	28	0.1436	0.1436	NUM
hi-55	195	29	0.6238	0.6238	NUM
hi-55	195	30	0.6689	0.6689	NUM
hi-55	195	31	0.2170	0.2170	NUM
hi-55	195	32	decision	decision	NOUN
hi-55	195	33	reject	reject	NOUN
hi-55	195	34	reject	reject	VERB
hi-55	195	35	accept	accept	VERB
hi-55	195	36	accept	accept	VERB
hi-55	195	37	accept	accept	VERB
hi-55	195	38	accept	accept	VERB
hi-55	195	39	accept	accept	VERB
hi-55	195	40	accept	accept	VERB
hi-55	195	41	accept	accept	VERB
hi-55	195	42	reject	reject	NOUN
hi-55	195	43	accept	accept	VERB
hi-55	195	44	accept	accept	VERB
hi-55	195	45	accept	accept	VERB
hi-55	195	46	accept	accept	VERB
hi-55	195	47	accept	accept	AUX
hi-55	195	48	accept	accept	VERB
hi-55	195	49	causality	causality	NOUN
hi-55	195	50	bidirectional	bidirectional	NOUN
hi-55	195	51	no	no	DET
hi-55	195	52	causality	causality	NOUN
hi-55	195	53	no	no	DET
hi-55	195	54	causality	causality	NOUN
hi-55	195	55	no	no	DET
hi-55	195	56	causality	causality	NOUN
hi-55	195	57	unidirectional	unidirectional	ADJ
hi-55	195	58	no	no	DET
hi-55	195	59	causality	causality	NOUN
hi-55	195	60	no	no	DET
hi-55	195	61	causality	causality	NOUN
hi-55	195	62	no	no	DET
hi-55	195	63	causality	causality	NOUN
hi-55	195	64	hamdard	hamdard	NOUN
hi-55	195	65	islamicus	islamicus	PROPN
hi-55	195	66	vol	vol	NOUN
hi-55	195	67	.	.	PUNCT
hi-55	196	1	xliii	xliii	PROPN
hi-55	196	2	,	,	PUNCT
hi-55	196	3	no	no	INTJ
hi-55	196	4	.	.	NOUN
hi-55	196	5	3	3	NUM
hi-55	196	6	81	81	NUM
hi-55	196	7	thus	thus	ADV
hi-55	196	8	in	in	ADP
hi-55	196	9	case	case	NOUN
hi-55	196	10	of	of	ADP
hi-55	196	11	panel	panel	NOUN
hi-55	196	12	data	datum	NOUN
hi-55	196	13	set	set	VERB
hi-55	196	14	of	of	ADP
hi-55	196	15	middle	middle	ADJ
hi-55	196	16	income	income	NOUN
hi-55	196	17	countries	country	NOUN
hi-55	196	18	the	the	DET
hi-55	196	19	causality	causality	NOUN
hi-55	196	20	analysis	analysis	NOUN
hi-55	196	21	provides	provide	VERB
hi-55	196	22	the	the	DET
hi-55	196	23	evidence	evidence	NOUN
hi-55	196	24	of	of	ADP
hi-55	196	25	poor	poor	ADJ
hi-55	196	26	relationship	relationship	NOUN
hi-55	196	27	between	between	ADP
hi-55	196	28	exchange	exchange	NOUN
hi-55	196	29	rate	rate	NOUN
hi-55	196	30	volatility	volatility	NOUN
hi-55	196	31	and	and	CCONJ
hi-55	196	32	macroeconomic	macroeconomic	ADJ
hi-55	196	33	variables	variable	NOUN
hi-55	196	34	.	.	PUNCT
hi-55	197	1	panel	panel	NOUN
hi-55	197	2	granger	granger	PROPN
hi-55	197	3	causality	causality	PROPN
hi-55	197	4	test	test	NOUN
hi-55	197	5	results	result	NOUN
hi-55	197	6	for	for	ADP
hi-55	197	7	exchange	exchange	NOUN
hi-55	197	8	rate	rate	NOUN
hi-55	197	9	level	level	NOUN
hi-55	197	10	(	(	PUNCT
hi-55	197	11	middle	middle	ADJ
hi-55	197	12	income	income	NOUN
hi-55	197	13	countries	country	NOUN
hi-55	197	14	)	)	PUNCT
hi-55	197	15	the	the	DET
hi-55	197	16	results	result	NOUN
hi-55	197	17	of	of	ADP
hi-55	197	18	pair	pair	NOUN
hi-55	197	19	wise	wise	ADJ
hi-55	197	20	panel	panel	NOUN
hi-55	197	21	granger	granger	PROPN
hi-55	197	22	causality	causality	PROPN
hi-55	197	23	test	test	NOUN
hi-55	197	24	have	have	AUX
hi-55	197	25	been	be	AUX
hi-55	197	26	given	give	VERB
hi-55	197	27	in	in	ADP
hi-55	197	28	table	table	NOUN
hi-55	197	29	8	8	NUM
hi-55	197	30	.	.	PUNCT
hi-55	198	1	the	the	DET
hi-55	198	2	results	result	NOUN
hi-55	198	3	indicate	indicate	VERB
hi-55	198	4	evidence	evidence	NOUN
hi-55	198	5	of	of	ADP
hi-55	198	6	bidirectional	bidirectional	ADJ
hi-55	198	7	causality	causality	NOUN
hi-55	198	8	between	between	ADP
hi-55	198	9	exrl	exrl	PROPN
hi-55	198	10	and	and	CCONJ
hi-55	198	11	cab	cab	NOUN
hi-55	198	12	,	,	PUNCT
hi-55	198	13	fdev	fdev	NOUN
hi-55	198	14	,	,	PUNCT
hi-55	198	15	inf	inf	NOUN
hi-55	198	16	,	,	PUNCT
hi-55	198	17	reserv	reserv	NOUN
hi-55	198	18	and	and	CCONJ
hi-55	198	19	trade	trade	NOUN
hi-55	198	20	.	.	PUNCT
hi-55	199	1	further	further	ADJ
hi-55	199	2	fdi	fdi	PROPN
hi-55	199	3	and	and	CCONJ
hi-55	199	4	gexp	gexp	NOUN
hi-55	199	5	do	do	AUX
hi-55	199	6	not	not	PART
hi-55	199	7	granger	granger	PROPN
hi-55	199	8	cause	cause	VERB
hi-55	199	9	exrl	exrl	PROPN
hi-55	199	10	however	however	ADV
hi-55	199	11	exrl	exrl	ADV
hi-55	199	12	cause	cause	VERB
hi-55	199	13	the	the	DET
hi-55	199	14	changes	change	NOUN
hi-55	199	15	in	in	ADP
hi-55	199	16	fdi	fdi	NOUN
hi-55	199	17	and	and	CCONJ
hi-55	199	18	gexp	gexp	NOUN
hi-55	199	19	.	.	PUNCT
hi-55	200	1	table	table	NOUN
hi-55	200	2	.	.	PUNCT
hi-55	201	1	8	8	NUM
hi-55	201	2	panel	panel	NOUN
hi-55	201	3	granger	granger	PROPN
hi-55	201	4	causality	causality	PROPN
hi-55	201	5	test	test	NOUN
hi-55	201	6	results	result	NOUN
hi-55	201	7	for	for	ADP
hi-55	201	8	exchange	exchange	NOUN
hi-55	201	9	rate	rate	NOUN
hi-55	201	10	level	level	NOUN
hi-55	201	11	(	(	PUNCT
hi-55	201	12	middle	middle	ADJ
hi-55	201	13	income	income	NOUN
hi-55	201	14	countries	country	NOUN
hi-55	201	15	)	)	PUNCT
hi-55	201	16	observations	observation	NOUN
hi-55	201	17	1292	1292	NUM
hi-55	201	18	1292	1292	NUM
hi-55	201	19	1292	1292	NUM
hi-55	201	20	1292	1292	NUM
hi-55	201	21	1292	1292	NUM
hi-55	201	22	null	null	ADJ
hi-55	201	23	hypothesis	hypothesis	NOUN
hi-55	201	24	lgdpc	lgdpc	NOUN
hi-55	201	25	does	do	AUX
hi-55	201	26	not	not	PART
hi-55	201	27	granger	granger	NOUN
hi-55	201	28	cause	cause	VERB
hi-55	201	29	lexrl	lexrl	PROPN
hi-55	201	30	lexrl	lexrl	PROPN
hi-55	201	31	does	do	AUX
hi-55	201	32	not	not	PART
hi-55	201	33	granger	granger	VERB
hi-55	201	34	cause	cause	VERB
hi-55	201	35	lgdpc	lgdpc	PROPN
hi-55	201	36	lcab	lcab	NOUN
hi-55	201	37	does	do	AUX
hi-55	201	38	not	not	PART
hi-55	201	39	granger	granger	NOUN
hi-55	201	40	cause	cause	VERB
hi-55	201	41	lexrl	lexrl	PROPN
hi-55	201	42	lexrl	lexrl	PROPN
hi-55	201	43	does	do	AUX
hi-55	201	44	not	not	PART
hi-55	201	45	granger	granger	AUX
hi-55	201	46	cause	cause	VERB
hi-55	201	47	lcab	lcab	NOUN
hi-55	201	48	lfdi	lfdi	NOUN
hi-55	201	49	does	do	AUX
hi-55	201	50	not	not	PART
hi-55	201	51	granger	granger	NOUN
hi-55	201	52	cause	cause	VERB
hi-55	201	53	lexrl	lexrl	PROPN
hi-55	201	54	lexrl	lexrl	PROPN
hi-55	201	55	does	do	AUX
hi-55	201	56	not	not	PART
hi-55	201	57	granger	granger	VERB
hi-55	201	58	cause	cause	VERB
hi-55	201	59	lfdi	lfdi	ADJ
hi-55	201	60	lfdev	lfdev	PROPN
hi-55	201	61	does	do	AUX
hi-55	201	62	not	not	PART
hi-55	201	63	granger	granger	NOUN
hi-55	201	64	cause	cause	VERB
hi-55	201	65	lexrl	lexrl	PROPN
hi-55	201	66	lexrl	lexrl	PROPN
hi-55	201	67	does	do	AUX
hi-55	201	68	not	not	PART
hi-55	201	69	granger	granger	VERB
hi-55	201	70	cause	cause	VERB
hi-55	201	71	lfdev	lfdev	PROPN
hi-55	201	72	lgexp	lgexp	PROPN
hi-55	201	73	does	do	AUX
hi-55	201	74	not	not	PART
hi-55	201	75	granger	granger	NOUN
hi-55	201	76	cause	cause	VERB
hi-55	201	77	lexrl	lexrl	PROPN
hi-55	201	78	lexrl	lexrl	PROPN
hi-55	201	79	does	do	AUX
hi-55	201	80	not	not	PART
hi-55	201	81	granger	granger	AUX
hi-55	201	82	cause	cause	VERB
hi-55	202	1	lgexp	lgexp	ADJ
hi-55	202	2	f	f	PROPN
hi-55	202	3	-	-	PUNCT
hi-55	202	4	stat	stat	VERB
hi-55	202	5	0.28030	0.28030	NUM
hi-55	202	6	1.53020	1.53020	NUM
hi-55	202	7	17.8314	17.8314	NUM
hi-55	202	8	11.4508	11.4508	NUM
hi-55	202	9	0.48296	0.48296	NUM
hi-55	203	1	3.44935	3.44935	NUM
hi-55	203	2	10.46953	10.46953	NUM
hi-55	203	3	1.6480	1.6480	NUM
hi-55	203	4	0.27709	0.27709	NUM
hi-55	203	5	3.20341	3.20341	NUM
hi-55	203	6	probability	probability	NOUN
hi-55	203	7	0.7556	0.7556	NUM
hi-55	203	8	0.2169	0.2169	NUM
hi-55	203	9	0.0000	0.0000	NUM
hi-55	203	10	0.0000	0.0000	NUM
hi-55	203	11	0.6171	0.6171	NUM
hi-55	203	12	0.0321	0.0321	NUM
hi-55	203	13	0.0000	0.0000	NUM
hi-55	203	14	0.0000	0.0000	NUM
hi-55	203	15	0.7580	0.7580	NUM
hi-55	203	16	0.0409	0.0409	NUM
hi-55	203	17	decision	decision	NOUN
hi-55	203	18	accept	accept	AUX
hi-55	203	19	accept	accept	VERB
hi-55	203	20	reject	reject	PROPN
hi-55	203	21	reject	reject	PROPN
hi-55	203	22	accept	accept	VERB
hi-55	203	23	reject	reject	PROPN
hi-55	203	24	reject	reject	PROPN
hi-55	203	25	reject	reject	VERB
hi-55	203	26	accept	accept	VERB
hi-55	203	27	reject	reject	VERB
hi-55	203	28	causality	causality	NOUN
hi-55	203	29	no	no	DET
hi-55	203	30	causality	causality	NOUN
hi-55	203	31	bidirectional	bidirectional	ADJ
hi-55	203	32	unidirectional	unidirectional	ADJ
hi-55	203	33	bidirectional	bidirectional	ADJ
hi-55	203	34	unidirectional	unidirectional	ADJ
hi-55	203	35	82	82	NUM
hi-55	203	36	macroeconomics	macroeconomic	NOUN
hi-55	203	37	indicators	indicator	NOUN
hi-55	203	38	contributing	contribute	VERB
hi-55	203	39	...	...	PUNCT
hi-55	203	40	thus	thus	ADV
hi-55	203	41	the	the	DET
hi-55	203	42	causality	causality	NOUN
hi-55	203	43	analysis	analysis	NOUN
hi-55	203	44	provides	provide	VERB
hi-55	203	45	the	the	DET
hi-55	203	46	evidence	evidence	NOUN
hi-55	203	47	of	of	ADP
hi-55	203	48	strong	strong	ADJ
hi-55	203	49	cause	cause	NOUN
hi-55	203	50	and	and	CCONJ
hi-55	203	51	effect	effect	VERB
hi-55	203	52	relationship	relationship	NOUN
hi-55	203	53	between	between	ADP
hi-55	203	54	the	the	DET
hi-55	203	55	exchange	exchange	NOUN
hi-55	203	56	rate	rate	NOUN
hi-55	203	57	level	level	NOUN
hi-55	203	58	and	and	CCONJ
hi-55	203	59	selected	select	VERB
hi-55	203	60	set	set	NOUN
hi-55	203	61	of	of	ADP
hi-55	203	62	macroeconomic	macroeconomic	ADJ
hi-55	203	63	indicators	indicator	NOUN
hi-55	203	64	(	(	PUNCT
hi-55	203	65	azid	azid	ADV
hi-55	203	66	et	et	PROPN
hi-55	203	67	al	al	PROPN
hi-55	203	68	.	.	PROPN
hi-55	203	69	,	,	PUNCT
hi-55	203	70	2005	2005	NUM
hi-55	203	71	;	;	PUNCT
hi-55	203	72	khan	khan	PROPN
hi-55	203	73	,	,	PUNCT
hi-55	203	74	sattar	sattar	PROPN
hi-55	203	75	&	&	CCONJ
hi-55	203	76	rehman	rehman	PROPN
hi-55	203	77	,	,	PUNCT
hi-55	203	78	2012	2012	NUM
hi-55	203	79	;	;	PUNCT
hi-55	203	80	ojo	ojo	PROPN
hi-55	203	81	&	&	CCONJ
hi-55	203	82	allege	allege	NOUN
hi-55	203	83	,	,	PUNCT
hi-55	203	84	2014	2014	NUM
hi-55	203	85	;	;	PUNCT
hi-55	203	86	rehman	rehman	NOUN
hi-55	203	87	,	,	PUNCT
hi-55	203	88	2014	2014	NUM
hi-55	203	89	;	;	PUNCT
hi-55	203	90	sekmen	sekman	NOUN
hi-55	203	91	,	,	PUNCT
hi-55	203	92	2007	2007	NUM
hi-55	203	93	)	)	PUNCT
hi-55	203	94	estimation	estimation	NOUN
hi-55	203	95	results	result	NOUN
hi-55	203	96	for	for	ADP
hi-55	203	97	panel	panel	NOUN
hi-55	203	98	data	datum	NOUN
hi-55	203	99	set	set	VERB
hi-55	203	100	of	of	ADP
hi-55	203	101	low	low	ADJ
hi-55	203	102	income	income	NOUN
hi-55	203	103	countries	country	NOUN
hi-55	203	104	panel	panel	NOUN
hi-55	203	105	ardl	ardl	NOUN
hi-55	203	106	results	result	VERB
hi-55	203	107	for	for	ADP
hi-55	203	108	low	low	ADJ
hi-55	203	109	income	income	NOUN
hi-55	203	110	countries	country	NOUN
hi-55	203	111	the	the	DET
hi-55	203	112	panel	panel	NOUN
hi-55	203	113	unit	unit	NOUN
hi-55	203	114	root	root	PROPN
hi-55	203	115	test	test	NOUN
hi-55	203	116	results	result	NOUN
hi-55	203	117	for	for	ADP
hi-55	203	118	panel	panel	NOUN
hi-55	203	119	data	datum	NOUN
hi-55	203	120	set	set	VERB
hi-55	203	121	of	of	ADP
hi-55	203	122	low	low	ADJ
hi-55	203	123	income	income	NOUN
hi-55	203	124	countries	country	NOUN
hi-55	203	125	are	be	AUX
hi-55	203	126	given	give	VERB
hi-55	203	127	in	in	ADP
hi-55	203	128	table	table	NOUN
hi-55	203	129	9	9	NUM
hi-55	203	130	.	.	PUNCT
hi-55	204	1	it	it	PRON
hi-55	204	2	is	be	AUX
hi-55	204	3	the	the	DET
hi-55	204	4	case	case	NOUN
hi-55	204	5	where	where	SCONJ
hi-55	204	6	selected	select	VERB
hi-55	204	7	variables	variable	NOUN
hi-55	204	8	have	have	VERB
hi-55	204	9	order	order	NOUN
hi-55	204	10	of	of	ADP
hi-55	204	11	integration	integration	NOUN
hi-55	204	12	i(0	i(0	PROPN
hi-55	204	13	)	)	PUNCT
hi-55	204	14	and	and	CCONJ
hi-55	204	15	i(1	i(1	NOUN
hi-55	204	16	)	)	PUNCT
hi-55	204	17	thus	thus	ADV
hi-55	204	18	preferred	prefer	VERB
hi-55	204	19	technique	technique	NOUN
hi-55	204	20	of	of	ADP
hi-55	204	21	cointegration	cointegration	NOUN
hi-55	204	22	is	be	AUX
hi-55	204	23	the	the	DET
hi-55	204	24	panel	panel	NOUN
hi-55	204	25	ardl	ardl	NOUN
hi-55	204	26	.	.	PUNCT
hi-55	205	1	the	the	DET
hi-55	205	2	results	result	NOUN
hi-55	205	3	of	of	ADP
hi-55	205	4	panel	panel	NOUN
hi-55	205	5	ardl	ardl	NOUN
hi-55	205	6	cointegration	cointegration	NOUN
hi-55	205	7	are	be	AUX
hi-55	205	8	given	give	VERB
hi-55	205	9	in	in	ADP
hi-55	205	10	table	table	NOUN
hi-55	205	11	10	10	NUM
hi-55	205	12	.	.	PUNCT
hi-55	206	1	the	the	DET
hi-55	206	2	long	long	ADJ
hi-55	206	3	run	run	NOUN
hi-55	206	4	results	result	NOUN
hi-55	206	5	of	of	ADP
hi-55	206	6	the	the	DET
hi-55	206	7	panel	panel	NOUN
hi-55	206	8	ardl	ardl	NOUN
hi-55	206	9	show	show	VERB
hi-55	206	10	that	that	SCONJ
hi-55	206	11	exchange	exchange	NOUN
hi-55	206	12	rate	rate	NOUN
hi-55	206	13	volatility	volatility	NOUN
hi-55	206	14	in	in	ADP
hi-55	206	15	long	long	ADJ
hi-55	206	16	run	run	NOUN
hi-55	206	17	in	in	ADP
hi-55	206	18	low	low	ADJ
hi-55	206	19	income	income	NOUN
hi-55	206	20	countries	country	NOUN
hi-55	206	21	is	be	AUX
hi-55	206	22	derived	derive	VERB
hi-55	206	23	by	by	ADP
hi-55	206	24	macroeconomic	macroeconomic	ADJ
hi-55	206	25	indicators	indicator	NOUN
hi-55	206	26	.	.	PUNCT
hi-55	207	1	the	the	DET
hi-55	207	2	macroeconomic	macroeconomic	ADJ
hi-55	207	3	variables	variable	NOUN
hi-55	207	4	cab	cab	NOUN
hi-55	207	5	,	,	PUNCT
hi-55	207	6	fdi	fdi	NOUN
hi-55	207	7	and	and	CCONJ
hi-55	207	8	reserv	reserv	PROPN
hi-55	207	9	effect	effect	NOUN
hi-55	207	10	exrv	exrv	ADV
hi-55	207	11	negatively	negatively	ADV
hi-55	207	12	while	while	SCONJ
hi-55	207	13	gdpc	gdpc	NOUN
hi-55	207	14	,	,	PUNCT
hi-55	207	15	gexp	gexp	NOUN
hi-55	207	16	,	,	PUNCT
hi-55	207	17	inf	inf	NOUN
hi-55	207	18	and	and	CCONJ
hi-55	207	19	trade	trade	NOUN
hi-55	207	20	influence	influence	NOUN
hi-55	207	21	the	the	DET
hi-55	207	22	volatility	volatility	NOUN
hi-55	207	23	positively	positively	ADV
hi-55	207	24	in	in	ADP
hi-55	207	25	long	long	ADJ
hi-55	207	26	run	run	NOUN
hi-55	207	27	for	for	ADP
hi-55	207	28	panel	panel	NOUN
hi-55	207	29	data	datum	NOUN
hi-55	207	30	set	set	VERB
hi-55	207	31	of	of	ADP
hi-55	207	32	low	low	ADJ
hi-55	207	33	income	income	NOUN
hi-55	207	34	countries	country	NOUN
hi-55	207	35	(	(	PUNCT
hi-55	207	36	arabi	arabi	NOUN
hi-55	207	37	,	,	PUNCT
hi-55	207	38	2012	2012	NUM
hi-55	207	39	;	;	PUNCT
hi-55	207	40	arratibel	arratibel	PROPN
hi-55	207	41	et	et	PROPN
hi-55	207	42	al	al	PROPN
hi-55	207	43	.	.	PROPN
hi-55	207	44	,	,	PUNCT
hi-55	207	45	2011	2011	NUM
hi-55	207	46	;	;	PUNCT
hi-55	207	47	bobai	bobai	PROPN
hi-55	207	48	et	et	PROPN
hi-55	207	49	al	al	PROPN
hi-55	207	50	.	.	PROPN
hi-55	207	51	,	,	PUNCT
hi-55	207	52	2013	2013	NUM
hi-55	207	53	;	;	PUNCT
hi-55	207	54	domac	domac	PROPN
hi-55	207	55	&	&	CCONJ
hi-55	207	56	mendoza	mendoza	PROPN
hi-55	207	57	.	.	PROPN
hi-55	207	58	,	,	PUNCT
hi-55	207	59	2004	2004	NUM
hi-55	207	60	;	;	PUNCT
hi-55	207	61	hviding	hvide	VERB
hi-55	207	62	et	et	PROPN
hi-55	207	63	al	al	PROPN
hi-55	207	64	.	.	PROPN
hi-55	207	65	,	,	PUNCT
hi-55	207	66	2004	2004	NUM
hi-55	207	67	)	)	PUNCT
hi-55	207	68	.	.	PUNCT
hi-55	208	1	however	however	ADV
hi-55	208	2	results	result	NOUN
hi-55	208	3	indicate	indicate	VERB
hi-55	208	4	weak	weak	ADJ
hi-55	208	5	relationship	relationship	NOUN
hi-55	208	6	between	between	ADP
hi-55	208	7	exchange	exchange	NOUN
hi-55	208	8	rate	rate	NOUN
hi-55	208	9	volatility	volatility	NOUN
hi-55	208	10	and	and	CCONJ
hi-55	208	11	macroeconomic	macroeconomic	ADJ
hi-55	208	12	indicators	indicator	NOUN
hi-55	208	13	in	in	ADP
hi-55	208	14	short	short	ADJ
hi-55	208	15	run	run	NOUN
hi-55	208	16	.	.	PUNCT
hi-55	209	1	null	null	ADJ
hi-55	209	2	hypothesis	hypothesis	NOUN
hi-55	209	3	linf	linf	NOUN
hi-55	209	4	does	do	AUX
hi-55	209	5	not	not	PART
hi-55	209	6	granger	granger	NOUN
hi-55	209	7	cause	cause	VERB
hi-55	209	8	lexrl	lexrl	PROPN
hi-55	209	9	lexrl	lexrl	PROPN
hi-55	209	10	does	do	AUX
hi-55	209	11	not	not	PART
hi-55	209	12	granger	granger	VERB
hi-55	209	13	cause	cause	VERB
hi-55	209	14	linf	linf	ADJ
hi-55	209	15	lreserv	lreserv	PROPN
hi-55	209	16	does	do	AUX
hi-55	209	17	not	not	PART
hi-55	209	18	granger	granger	NOUN
hi-55	209	19	cause	cause	VERB
hi-55	209	20	lexrl	lexrl	PROPN
hi-55	209	21	lexrl	lexrl	PROPN
hi-55	209	22	does	do	AUX
hi-55	209	23	not	not	PART
hi-55	209	24	granger	granger	VERB
hi-55	209	25	cause	cause	VERB
hi-55	209	26	lreserv	lreserv	PROPN
hi-55	209	27	ltrade	ltrade	NOUN
hi-55	209	28	does	do	AUX
hi-55	209	29	not	not	PART
hi-55	209	30	granger	granger	NOUN
hi-55	209	31	cause	cause	VERB
hi-55	209	32	lexrl	lexrl	PROPN
hi-55	209	33	lexrl	lexrl	PROPN
hi-55	209	34	does	do	AUX
hi-55	209	35	not	not	PART
hi-55	209	36	granger	granger	AUX
hi-55	209	37	cause	cause	VERB
hi-55	209	38	ltrade	ltrade	NOUN
hi-55	209	39	observations	observation	NOUN
hi-55	209	40	1292	1292	NUM
hi-55	209	41	1292	1292	NUM
hi-55	209	42	1292	1292	NUM
hi-55	209	43	probability	probability	NOUN
hi-55	209	44	0.0000	0.0000	NUM
hi-55	209	45	0.0000	0.0000	NUM
hi-55	209	46	0.0000	0.0000	NUM
hi-55	209	47	0.0000	0.0000	NUM
hi-55	209	48	0.0602	0.0602	NUM
hi-55	209	49	0.0025	0.0025	NUM
hi-55	209	50	decision	decision	NOUN
hi-55	209	51	reject	reject	NOUN
hi-55	209	52	reject	reject	PROPN
hi-55	209	53	reject	reject	PROPN
hi-55	209	54	reject	reject	PROPN
hi-55	209	55	reject	reject	PROPN
hi-55	209	56	reject	reject	VERB
hi-55	209	57	f	f	X
hi-55	209	58	-	-	PUNCT
hi-55	209	59	stat	stat	PROPN
hi-55	209	60	11.5110	11.5110	NUM
hi-55	209	61	16.2884	16.2884	NUM
hi-55	209	62	40.0037	40.0037	NUM
hi-55	209	63	0.84273	0.84273	NUM
hi-55	209	64	2.81594	2.81594	NUM
hi-55	209	65	6.01955	6.01955	NUM
hi-55	209	66	causality	causality	NOUN
hi-55	209	67	bidirectional	bidirectional	ADJ
hi-55	209	68	bidirectional	bidirectional	ADJ
hi-55	209	69	bidirectional	bidirectional	PROPN
hi-55	209	70	hamdard	hamdard	PROPN
hi-55	209	71	islamicus	islamicus	PROPN
hi-55	209	72	vol	vol	NOUN
hi-55	209	73	.	.	PUNCT
hi-55	210	1	xliii	xliii	PROPN
hi-55	210	2	,	,	PUNCT
hi-55	210	3	no	no	INTJ
hi-55	210	4	.	.	NOUN
hi-55	210	5	3	3	NUM
hi-55	210	6	83	83	NUM
hi-55	210	7	table	table	NOUN
hi-55	210	8	.	.	PUNCT
hi-55	211	1	9	9	NUM
hi-55	211	2	results	result	NOUN
hi-55	211	3	of	of	ADP
hi-55	211	4	panel	panel	NOUN
hi-55	211	5	unit	unit	NOUN
hi-55	211	6	root	root	NOUN
hi-55	211	7	tests	test	NOUN
hi-55	211	8	for	for	ADP
hi-55	211	9	exchange	exchange	NOUN
hi-55	211	10	rate	rate	NOUN
hi-55	211	11	volatility	volatility	NOUN
hi-55	211	12	(	(	PUNCT
hi-55	211	13	low	low	ADJ
hi-55	211	14	income	income	NOUN
hi-55	211	15	countries	country	NOUN
hi-55	211	16	)	)	PUNCT
hi-55	211	17	variables	variable	NOUN
hi-55	211	18	i	i	PRON
hi-55	211	19	m	m	PROPN
hi-55	211	20	,	,	PUNCT
hi-55	211	21	peseran	peseran	PROPN
hi-55	211	22	levin	levin	PROPN
hi-55	211	23	,	,	PUNCT
hi-55	211	24	lin	lin	PROPN
hi-55	211	25	and	and	CCONJ
hi-55	211	26	hadri	hadri	PROPN
hi-55	211	27	z	z	PROPN
hi-55	211	28	-	-	PUNCT
hi-55	211	29	statistics	statistic	NOUN
hi-55	211	30	and	and	CCONJ
hi-55	211	31	shin	shin	NOUN
hi-55	211	32	(	(	PUNCT
hi-55	211	33	ips	ips	PROPN
hi-55	211	34	)	)	PUNCT
hi-55	211	35	chu	chu	PROPN
hi-55	211	36	(	(	PUNCT
hi-55	211	37	llc	llc	PROPN
hi-55	211	38	)	)	PUNCT
hi-55	211	39	level	level	NOUN
hi-55	211	40	first	first	ADJ
hi-55	211	41	level	level	NOUN
hi-55	211	42	first	first	ADJ
hi-55	211	43	level	level	NOUN
hi-55	211	44	first	first	ADJ
hi-55	211	45	diff	diff	NOUN
hi-55	211	46	.	.	PUNCT
hi-55	212	1	diff	diff	PROPN
hi-55	212	2	.	.	PUNCT
hi-55	213	1	diff	diff	PROPN
hi-55	213	2	.	.	PUNCT
hi-55	214	1	lexrv	lexrv	ADJ
hi-55	214	2	-2.163	-2.163	ADJ
hi-55	214	3	-18.110	-18.110	ADJ
hi-55	214	4	-2.302	-2.302	PUNCT
hi-55	214	5	-20.220	-20.220	PROPN
hi-55	214	6	8.519	8.519	NUM
hi-55	214	7	10.860	10.860	NUM
hi-55	214	8	(	(	PUNCT
hi-55	214	9	0.015	0.015	NUM
hi-55	214	10	)	)	PUNCT
hi-55	214	11	(	(	PUNCT
hi-55	214	12	0.000	0.000	NUM
hi-55	214	13	)	)	PUNCT
hi-55	214	14	(	(	PUNCT
hi-55	214	15	0.011	0.011	NUM
hi-55	214	16	)	)	PUNCT
hi-55	214	17	(	(	PUNCT
hi-55	214	18	0.000	0.000	NUM
hi-55	214	19	)	)	PUNCT
hi-55	214	20	(	(	PUNCT
hi-55	214	21	0.000	0.000	NUM
hi-55	214	22	)	)	PUNCT
hi-55	214	23	(	(	PUNCT
hi-55	214	24	0.000	0.000	X
hi-55	214	25	)	)	PUNCT
hi-55	214	26	lexrl	lexrl	PROPN
hi-55	214	27	-5.947	-5.947	INTJ
hi-55	214	28	-8.083	-8.083	NOUN
hi-55	214	29	-13.364	-13.364	X
hi-55	214	30	-13.310	-13.310	PROPN
hi-55	214	31	10.736	10.736	NUM
hi-55	214	32	4.341	4.341	NUM
hi-55	214	33	(	(	PUNCT
hi-55	214	34	0.000	0.000	NUM
hi-55	214	35	)	)	PUNCT
hi-55	214	36	(	(	PUNCT
hi-55	214	37	0.000	0.000	NUM
hi-55	214	38	)	)	PUNCT
hi-55	214	39	(	(	PUNCT
hi-55	214	40	0.004	0.004	NUM
hi-55	214	41	)	)	PUNCT
hi-55	214	42	(	(	PUNCT
hi-55	214	43	0.000	0.000	NUM
hi-55	214	44	)	)	PUNCT
hi-55	214	45	(	(	PUNCT
hi-55	214	46	0.000	0.000	NUM
hi-55	214	47	)	)	PUNCT
hi-55	214	48	(	(	PUNCT
hi-55	214	49	0.000	0.000	X
hi-55	214	50	)	)	PUNCT
hi-55	214	51	lgdpc	lgdpc	NOUN
hi-55	215	1	-2.677	-2.677	NUM
hi-55	215	2	-7.702	-7.702	PUNCT
hi-55	216	1	-2.779	-2.779	PUNCT
hi-55	216	2	-9.794	-9.794	NUM
hi-55	216	3	7.575	7.575	NUM
hi-55	216	4	7.796	7.796	NUM
hi-55	216	5	(	(	PUNCT
hi-55	216	6	0.004	0.004	NUM
hi-55	216	7	)	)	PUNCT
hi-55	216	8	(	(	PUNCT
hi-55	216	9	0.000	0.000	NUM
hi-55	216	10	)	)	PUNCT
hi-55	216	11	(	(	PUNCT
hi-55	216	12	0.003	0.003	NUM
hi-55	216	13	)	)	PUNCT
hi-55	216	14	(	(	PUNCT
hi-55	216	15	0.000	0.000	NUM
hi-55	216	16	)	)	PUNCT
hi-55	216	17	(	(	PUNCT
hi-55	216	18	0.000	0.000	NUM
hi-55	216	19	)	)	PUNCT
hi-55	216	20	(	(	PUNCT
hi-55	216	21	0.000	0.000	X
hi-55	216	22	)	)	PUNCT
hi-55	216	23	lcab	lcab	NOUN
hi-55	216	24	-3.912	-3.912	PUNCT
hi-55	217	1	-15.972	-15.972	INTJ
hi-55	218	1	-4.191	-4.191	PUNCT
hi-55	218	2	-17.691	-17.691	PUNCT
hi-55	218	3	2.993	2.993	NUM
hi-55	218	4	1.461	1.461	NUM
hi-55	218	5	(	(	PUNCT
hi-55	218	6	0.000	0.000	NUM
hi-55	218	7	)	)	PUNCT
hi-55	218	8	(	(	PUNCT
hi-55	218	9	0.000	0.000	NUM
hi-55	218	10	)	)	PUNCT
hi-55	218	11	(	(	PUNCT
hi-55	218	12	0.000	0.000	NUM
hi-55	218	13	)	)	PUNCT
hi-55	218	14	(	(	PUNCT
hi-55	218	15	0.000	0.000	NUM
hi-55	218	16	)	)	PUNCT
hi-55	218	17	(	(	PUNCT
hi-55	218	18	0.001	0.001	NUM
hi-55	218	19	)	)	PUNCT
hi-55	218	20	(	(	PUNCT
hi-55	218	21	0.072	0.072	NUM
hi-55	218	22	)	)	PUNCT
hi-55	218	23	lfdi	lfdi	NOUN
hi-55	218	24	-5.519	-5.519	PUNCT
hi-55	218	25	-15.362	-15.362	PROPN
hi-55	218	26	-4.865	-4.865	X
hi-55	218	27	-13.788	-13.788	PUNCT
hi-55	218	28	4.796	4.796	NUM
hi-55	218	29	4.131	4.131	NUM
hi-55	218	30	(	(	PUNCT
hi-55	218	31	0.000	0.000	NUM
hi-55	218	32	)	)	PUNCT
hi-55	218	33	(	(	PUNCT
hi-55	218	34	0.000	0.000	NUM
hi-55	218	35	)	)	PUNCT
hi-55	218	36	(	(	PUNCT
hi-55	218	37	0.000	0.000	NUM
hi-55	218	38	)	)	PUNCT
hi-55	218	39	(	(	PUNCT
hi-55	218	40	0.000	0.000	NUM
hi-55	218	41	)	)	PUNCT
hi-55	218	42	(	(	PUNCT
hi-55	218	43	0.000	0.000	NUM
hi-55	218	44	)	)	PUNCT
hi-55	218	45	(	(	PUNCT
hi-55	218	46	0.000	0.000	X
hi-55	218	47	)	)	PUNCT
hi-55	218	48	lfdev	lfdev	NOUN
hi-55	218	49	-3.304	-3.304	X
hi-55	218	50	-12.521	-12.521	NOUN
hi-55	218	51	-2.752	-2.752	X
hi-55	218	52	-12.765	-12.765	X
hi-55	219	1	7.691	7.691	NUM
hi-55	219	2	4.918	4.918	NUM
hi-55	219	3	(	(	PUNCT
hi-55	219	4	0.000	0.000	NUM
hi-55	219	5	)	)	PUNCT
hi-55	219	6	(	(	PUNCT
hi-55	219	7	0.000	0.000	NUM
hi-55	219	8	)	)	PUNCT
hi-55	219	9	(	(	PUNCT
hi-55	219	10	0.003	0.003	NUM
hi-55	219	11	)	)	PUNCT
hi-55	219	12	(	(	PUNCT
hi-55	219	13	0.000	0.000	NUM
hi-55	219	14	)	)	PUNCT
hi-55	219	15	(	(	PUNCT
hi-55	219	16	0.000	0.000	NUM
hi-55	219	17	)	)	PUNCT
hi-55	219	18	(	(	PUNCT
hi-55	219	19	0.000	0.000	X
hi-55	219	20	)	)	PUNCT
hi-55	219	21	lgexp	lgexp	NOUN
hi-55	219	22	-5.266	-5.266	X
hi-55	219	23	-14.286	-14.286	PROPN
hi-55	219	24	-5.637	-5.637	NUM
hi-55	219	25	13.918	13.918	NUM
hi-55	219	26	8.025	8.025	NUM
hi-55	219	27	13.201	13.201	NUM
hi-55	219	28	(	(	PUNCT
hi-55	219	29	0.000	0.000	NUM
hi-55	219	30	)	)	PUNCT
hi-55	219	31	(	(	PUNCT
hi-55	219	32	0.000	0.000	NUM
hi-55	219	33	)	)	PUNCT
hi-55	219	34	(	(	PUNCT
hi-55	219	35	0.000	0.000	NUM
hi-55	219	36	)	)	PUNCT
hi-55	219	37	(	(	PUNCT
hi-55	219	38	0.000	0.000	NUM
hi-55	219	39	)	)	PUNCT
hi-55	219	40	(	(	PUNCT
hi-55	219	41	0.000	0.000	NUM
hi-55	219	42	)	)	PUNCT
hi-55	219	43	(	(	PUNCT
hi-55	219	44	0.000	0.000	X
hi-55	219	45	)	)	PUNCT
hi-55	219	46	linf	linf	NOUN
hi-55	219	47	-8.823	-8.823	PUNCT
hi-55	219	48	-15.955	-15.955	NUM
hi-55	219	49	-9.294	-9.294	PUNCT
hi-55	219	50	-17.094	-17.094	PUNCT
hi-55	219	51	2.831	2.831	NUM
hi-55	219	52	43.762	43.762	NUM
hi-55	219	53	(	(	PUNCT
hi-55	219	54	0.000	0.000	NUM
hi-55	219	55	)	)	PUNCT
hi-55	219	56	(	(	PUNCT
hi-55	219	57	0.000	0.000	NUM
hi-55	219	58	)	)	PUNCT
hi-55	219	59	(	(	PUNCT
hi-55	219	60	0.000	0.000	NUM
hi-55	219	61	)	)	PUNCT
hi-55	219	62	(	(	PUNCT
hi-55	219	63	0.000	0.000	NUM
hi-55	219	64	)	)	PUNCT
hi-55	219	65	(	(	PUNCT
hi-55	219	66	0.033	0.033	NUM
hi-55	219	67	)	)	PUNCT
hi-55	219	68	(	(	PUNCT
hi-55	219	69	0.000	0.000	X
hi-55	219	70	)	)	PUNCT
hi-55	219	71	lreserv	lreserv	PROPN
hi-55	219	72	0.763	0.763	NUM
hi-55	219	73	-14.432	-14.432	NOUN
hi-55	219	74	0.919	0.919	NUM
hi-55	219	75	-16.644	-16.644	PUNCT
hi-55	219	76	6.357	6.357	NUM
hi-55	219	77	9.892	9.892	NUM
hi-55	219	78	(	(	PUNCT
hi-55	219	79	0.987	0.987	NUM
hi-55	219	80	)	)	PUNCT
hi-55	219	81	(	(	PUNCT
hi-55	219	82	0.000	0.000	NUM
hi-55	219	83	)	)	PUNCT
hi-55	219	84	(	(	PUNCT
hi-55	219	85	0.821	0.821	NUM
hi-55	219	86	)	)	PUNCT
hi-55	219	87	(	(	PUNCT
hi-55	219	88	0.000	0.000	NUM
hi-55	219	89	)	)	PUNCT
hi-55	219	90	(	(	PUNCT
hi-55	219	91	0.000	0.000	NUM
hi-55	219	92	)	)	PUNCT
hi-55	219	93	(	(	PUNCT
hi-55	219	94	0.000	0.000	X
hi-55	219	95	)	)	PUNCT
hi-55	219	96	ltrade	ltrade	NOUN
hi-55	219	97	-2.446	-2.446	PUNCT
hi-55	219	98	-12.880	-12.880	PUNCT
hi-55	219	99	-1.177	-1.177	PUNCT
hi-55	219	100	-7.696	-7.696	PUNCT
hi-55	219	101	10.976	10.976	NUM
hi-55	219	102	4.755	4.755	NUM
hi-55	219	103	(	(	PUNCT
hi-55	219	104	0.007	0.007	NUM
hi-55	219	105	)	)	PUNCT
hi-55	219	106	(	(	PUNCT
hi-55	219	107	0.000	0.000	NUM
hi-55	219	108	)	)	PUNCT
hi-55	219	109	(	(	PUNCT
hi-55	219	110	0.119	0.119	NUM
hi-55	219	111	)	)	PUNCT
hi-55	219	112	(	(	PUNCT
hi-55	219	113	0.000	0.000	NUM
hi-55	219	114	)	)	PUNCT
hi-55	219	115	(	(	PUNCT
hi-55	219	116	0.000	0.000	NUM
hi-55	219	117	)	)	PUNCT
hi-55	219	118	(	(	PUNCT
hi-55	219	119	0.000	0.000	X
hi-55	219	120	)	)	PUNCT
hi-55	219	121	note	note	NOUN
hi-55	219	122	:	:	PUNCT
hi-55	219	123	values	value	NOUN
hi-55	219	124	in	in	ADP
hi-55	219	125	parentheses	parenthesis	NOUN
hi-55	219	126	are	be	AUX
hi-55	219	127	estimated	estimate	VERB
hi-55	219	128	p	p	ADJ
hi-55	219	129	values	value	NOUN
hi-55	219	130	.	.	PUNCT
hi-55	220	1	the	the	DET
hi-55	220	2	options	option	NOUN
hi-55	220	3	used	use	VERB
hi-55	220	4	are	be	AUX
hi-55	220	5	:	:	PUNCT
hi-55	220	6	individual	individual	ADJ
hi-55	220	7	trend	trend	NOUN
hi-55	220	8	and	and	CCONJ
hi-55	220	9	intercept	intercept	NOUN
hi-55	220	10	,	,	PUNCT
hi-55	220	11	lag	lag	NOUN
hi-55	220	12	length	length	NOUN
hi-55	220	13	chosen	choose	VERB
hi-55	220	14	by	by	ADP
hi-55	220	15	schwarz	schwarz	PROPN
hi-55	220	16	automatic	automatic	ADJ
hi-55	220	17	selection	selection	NOUN
hi-55	220	18	(	(	PUNCT
hi-55	220	19	schwarz	schwarz	NOUN
hi-55	220	20	,	,	PUNCT
hi-55	220	21	1978	1978	NUM
hi-55	220	22	)	)	PUNCT
hi-55	220	23	,	,	PUNCT
hi-55	220	24	kernel	kernel	PROPN
hi-55	220	25	method	method	NOUN
hi-55	220	26	of	of	ADP
hi-55	220	27	bartlett	bartlett	PROPN
hi-55	220	28	(	(	PUNCT
hi-55	220	29	bartlett	bartlett	PROPN
hi-55	220	30	,	,	PUNCT
hi-55	220	31	1948	1948	NUM
hi-55	220	32	)	)	PUNCT
hi-55	220	33	obtained	obtain	VERB
hi-55	220	34	by	by	ADP
hi-55	220	35	special	special	ADJ
hi-55	220	36	estimation	estimation	NOUN
hi-55	220	37	and	and	CCONJ
hi-55	220	38	bandwidth	bandwidth	ADJ
hi-55	220	39	selection	selection	NOUN
hi-55	220	40	by	by	ADP
hi-55	220	41	automatic	automatic	ADJ
hi-55	220	42	newey	newey	NOUN
hi-55	220	43	-	-	PUNCT
hi-55	220	44	west	west	PROPN
hi-55	220	45	(	(	PUNCT
hi-55	220	46	newey	newey	PROPN
hi-55	220	47	&	&	CCONJ
hi-55	220	48	west	west	PROPN
hi-55	220	49	,	,	PUNCT
hi-55	220	50	1994	1994	NUM
hi-55	220	51	)	)	PUNCT
hi-55	220	52	84	84	NUM
hi-55	220	53	macroeconomics	macroeconomic	NOUN
hi-55	220	54	indicators	indicator	NOUN
hi-55	220	55	contributing	contribute	VERB
hi-55	220	56	...	...	PUNCT
hi-55	220	57	table	table	NOUN
hi-55	220	58	.	.	PUNCT
hi-55	221	1	10	10	NUM
hi-55	221	2	results	result	NOUN
hi-55	221	3	of	of	ADP
hi-55	221	4	pooled	pooled	ADJ
hi-55	221	5	mean	mean	NOUN
hi-55	221	6	group	group	NOUN
hi-55	221	7	regression	regression	NOUN
hi-55	221	8	of	of	ADP
hi-55	221	9	ardl	ardl	NOUN
hi-55	221	10	for	for	ADP
hi-55	221	11	exchange	exchange	NOUN
hi-55	221	12	rate	rate	NOUN
hi-55	221	13	behaviour	behaviour	NOUN
hi-55	221	14	in	in	ADP
hi-55	221	15	low	low	ADJ
hi-55	221	16	income	income	NOUN
hi-55	221	17	countries	country	NOUN
hi-55	221	18	independent	independent	ADJ
hi-55	221	19	dependent	dependent	ADJ
hi-55	221	20	variable	variable	ADJ
hi-55	221	21	dependent	dependent	ADJ
hi-55	221	22	variable	variable	ADJ
hi-55	221	23	variables	variable	NOUN
hi-55	221	24	lexrv	lexrv	ADV
hi-55	221	25	lexrl	lexrl	PROPN
hi-55	221	26	coefficient	coefficient	PROPN
hi-55	221	27	z	z	PROPN
hi-55	221	28	coefficient	coefficient	PROPN
hi-55	221	29	z	z	PROPN
hi-55	221	30	statistics	statistics	PROPN
hi-55	221	31	statistics	statistic	NOUN
hi-55	221	32	long	long	ADV
hi-55	221	33	run	run	VERB
hi-55	221	34	results	result	NOUN
hi-55	221	35	lgdpc	lgdpc	VERB
hi-55	221	36	4.6048	4.6048	NUM
hi-55	221	37	7.00	7.00	NUM
hi-55	221	38	*	*	PUNCT
hi-55	221	39	-1.1011	-1.1011	NOUN
hi-55	221	40	-3.32	-3.32	PROPN
hi-55	221	41	*	*	X
hi-55	221	42	(	(	PUNCT
hi-55	221	43	0.000	0.000	NUM
hi-55	221	44	)	)	PUNCT
hi-55	221	45	(	(	PUNCT
hi-55	221	46	0.001	0.001	NUM
hi-55	221	47	)	)	PUNCT
hi-55	221	48	lcab	lcab	NOUN
hi-55	221	49	-0.9513	-0.9513	PROPN
hi-55	221	50	-5.79	-5.79	PROPN
hi-55	221	51	*	*	PROPN
hi-55	221	52	-0.1519	-0.1519	PROPN
hi-55	221	53	-2.04	-2.04	PROPN
hi-55	221	54	*	*	NOUN
hi-55	221	55	*	*	PUNCT
hi-55	221	56	(	(	PUNCT
hi-55	221	57	0.000	0.000	NUM
hi-55	221	58	)	)	PUNCT
hi-55	221	59	(	(	PUNCT
hi-55	221	60	0.041	0.041	NUM
hi-55	221	61	)	)	PUNCT
hi-55	221	62	lfdi	lfdi	ADJ
hi-55	221	63	-0.7053	-0.7053	NOUN
hi-55	221	64	-2.87	-2.87	VERB
hi-55	221	65	*	*	PUNCT
hi-55	221	66	-0.3104	-0.3104	X
hi-55	221	67	-3.57	-3.57	INTJ
hi-55	221	68	*	*	PUNCT
hi-55	221	69	(	(	PUNCT
hi-55	221	70	0.004	0.004	NUM
hi-55	221	71	)	)	PUNCT
hi-55	221	72	(	(	PUNCT
hi-55	221	73	0.000	0.000	X
hi-55	221	74	)	)	PUNCT
hi-55	221	75	lfdev	lfdev	NOUN
hi-55	221	76	0.1986	0.1986	NUM
hi-55	221	77	0.54	0.54	NUM
hi-55	221	78	-0.2174	-0.2174	ADJ
hi-55	221	79	-1.21	-1.21	INTJ
hi-55	221	80	(	(	PUNCT
hi-55	221	81	0.587	0.587	NUM
hi-55	221	82	)	)	PUNCT
hi-55	221	83	(	(	PUNCT
hi-55	221	84	0.225	0.225	NUM
hi-55	221	85	)	)	PUNCT
hi-55	221	86	lgexp	lgexp	NOUN
hi-55	221	87	5.1545	5.1545	NUM
hi-55	221	88	5.60	5.60	NUM
hi-55	221	89	*	*	SYM
hi-55	221	90	-2.3254	-2.3254	PROPN
hi-55	222	1	-5.07	-5.07	X
hi-55	222	2	*	*	X
hi-55	222	3	(	(	PUNCT
hi-55	222	4	0.000	0.000	NUM
hi-55	222	5	)	)	PUNCT
hi-55	222	6	(	(	PUNCT
hi-55	222	7	0.000	0.000	X
hi-55	222	8	)	)	PUNCT
hi-55	222	9	linf	linf	NOUN
hi-55	222	10	0.9355	0.9355	NUM
hi-55	222	11	5.45	5.45	NUM
hi-55	222	12	*	*	SYM
hi-55	222	13	-0.3146	-0.3146	NOUN
hi-55	222	14	-4.43	-4.43	NOUN
hi-55	222	15	*	*	PUNCT
hi-55	222	16	(	(	PUNCT
hi-55	222	17	0.000	0.000	NUM
hi-55	222	18	)	)	PUNCT
hi-55	222	19	(	(	PUNCT
hi-55	222	20	0.000	0.000	X
hi-55	222	21	)	)	PUNCT
hi-55	222	22	lreserv	lreserv	PROPN
hi-55	222	23	-0.6769	-0.6769	X
hi-55	223	1	-2.01	-2.01	NOUN
hi-55	223	2	*	*	PUNCT
hi-55	223	3	*	*	PUNCT
hi-55	223	4	0.6040	0.6040	NUM
hi-55	223	5	3.69	3.69	NUM
hi-55	223	6	*	*	PUNCT
hi-55	223	7	(	(	PUNCT
hi-55	223	8	0.044	0.044	NUM
hi-55	223	9	)	)	PUNCT
hi-55	223	10	(	(	PUNCT
hi-55	223	11	0.000	0.000	X
hi-55	223	12	)	)	PUNCT
hi-55	223	13	ltrade	ltrade	VERB
hi-55	223	14	0.3118	0.3118	NUM
hi-55	223	15	3.67	3.67	NUM
hi-55	223	16	*	*	SYM
hi-55	223	17	-0.0111	-0.0111	ADJ
hi-55	223	18	-0.86	-0.86	INTJ
hi-55	223	19	(	(	PUNCT
hi-55	223	20	0.000	0.000	NUM
hi-55	223	21	)	)	PUNCT
hi-55	223	22	(	(	PUNCT
hi-55	223	23	0.389	0.389	NUM
hi-55	223	24	)	)	PUNCT
hi-55	223	25	short	short	ADJ
hi-55	223	26	run	run	NOUN
hi-55	223	27	results	result	NOUN
hi-55	223	28	ect	ect	VERB
hi-55	223	29	-0.420	-0.420	PUNCT
hi-55	223	30	-6.67	-6.67	NOUN
hi-55	223	31	*	*	NOUN
hi-55	223	32	-0.0249	-0.0249	NOUN
hi-55	223	33	-1.38	-1.38	INTJ
hi-55	223	34	(	(	PUNCT
hi-55	223	35	0.000	0.000	NUM
hi-55	223	36	)	)	PUNCT
hi-55	223	37	(	(	PUNCT
hi-55	223	38	0.169	0.169	NUM
hi-55	223	39	)	)	PUNCT
hi-55	223	40	lgdpc	lgdpc	PROPN
hi-55	223	41	-4.3478	-4.3478	PROPN
hi-55	223	42	-2.97	-2.97	PROPN
hi-55	223	43	*	*	NOUN
hi-55	223	44	-0.4633	-0.4633	X
hi-55	223	45	-6.37	-6.37	X
hi-55	223	46	*	*	PUNCT
hi-55	223	47	(	(	PUNCT
hi-55	223	48	0.003	0.003	NUM
hi-55	223	49	)	)	PUNCT
hi-55	223	50	(	(	PUNCT
hi-55	223	51	0.000	0.000	NUM
hi-55	223	52	)	)	PUNCT
hi-55	223	53	lcab	lcab	NOUN
hi-55	223	54	0.3978	0.3978	NUM
hi-55	223	55	0.71	0.71	NUM
hi-55	223	56	-0.0135	-0.0135	X
hi-55	223	57	-1.85	-1.85	NUM
hi-55	223	58	*	*	NOUN
hi-55	223	59	*	*	PUNCT
hi-55	223	60	*	*	PUNCT
hi-55	223	61	(	(	PUNCT
hi-55	223	62	0.479	0.479	NUM
hi-55	223	63	)	)	PUNCT
hi-55	223	64	(	(	PUNCT
hi-55	223	65	0.064	0.064	NUM
hi-55	223	66	)	)	PUNCT
hi-55	223	67	hamdard	hamdard	ADJ
hi-55	223	68	islamicus	islamicus	NOUN
hi-55	223	69	vol	vol	NOUN
hi-55	223	70	.	.	PUNCT
hi-55	224	1	xliii	xliii	PROPN
hi-55	224	2	,	,	PUNCT
hi-55	224	3	no	no	INTJ
hi-55	224	4	.	.	NOUN
hi-55	224	5	3	3	NUM
hi-55	224	6	85	85	NUM
hi-55	224	7	independent	independent	ADJ
hi-55	224	8	dependent	dependent	ADJ
hi-55	224	9	variable	variable	ADJ
hi-55	224	10	dependent	dependent	ADJ
hi-55	224	11	variable	variable	ADJ
hi-55	224	12	variables	variable	NOUN
hi-55	224	13	lexrv	lexrv	ADV
hi-55	224	14	lexrl	lexrl	PROPN
hi-55	224	15	coefficient	coefficient	PROPN
hi-55	224	16	z	z	PROPN
hi-55	224	17	coefficient	coefficient	PROPN
hi-55	224	18	z	z	PROPN
hi-55	224	19	statistics	statistics	PROPN
hi-55	224	20	statistics	statistic	NOUN
hi-55	224	21	lfdi	lfdi	VERB
hi-55	224	22	0.2036	0.2036	NUM
hi-55	224	23	1.64	1.64	NUM
hi-55	224	24	0.0033	0.0033	NUM
hi-55	224	25	0.65	0.65	NUM
hi-55	224	26	(	(	PUNCT
hi-55	224	27	0.101	0.101	NUM
hi-55	224	28	)	)	PUNCT
hi-55	224	29	(	(	PUNCT
hi-55	224	30	0.514	0.514	NUM
hi-55	224	31	)	)	PUNCT
hi-55	224	32	lfdev	lfdev	NOUN
hi-55	224	33	-0.4985	-0.4985	NOUN
hi-55	225	1	-0.80	-0.80	PROPN
hi-55	225	2	-0.060	-0.060	PROPN
hi-55	226	1	-1.57	-1.57	PROPN
hi-55	226	2	(	(	PUNCT
hi-55	226	3	0.424	0.424	NUM
hi-55	226	4	)	)	PUNCT
hi-55	226	5	(	(	PUNCT
hi-55	226	6	0.116	0.116	NUM
hi-55	226	7	)	)	PUNCT
hi-55	226	8	lgexp	lgexp	NOUN
hi-55	226	9	-2.1872	-2.1872	NOUN
hi-55	226	10	-1.69	-1.69	AUX
hi-55	226	11	*	*	PUNCT
hi-55	226	12	*	*	PUNCT
hi-55	226	13	*	*	PUNCT
hi-55	226	14	0.0072	0.0072	NUM
hi-55	226	15	0.06	0.06	NUM
hi-55	226	16	(	(	PUNCT
hi-55	226	17	0.092	0.092	NUM
hi-55	226	18	)	)	PUNCT
hi-55	226	19	(	(	PUNCT
hi-55	226	20	0.952	0.952	NOUN
hi-55	226	21	)	)	PUNCT
hi-55	226	22	linf	linf	ADJ
hi-55	226	23	0.320	0.320	NUM
hi-55	226	24	0.21	0.21	NUM
hi-55	226	25	0.0241	0.0241	NUM
hi-55	226	26	3.24	3.24	NUM
hi-55	226	27	*	*	PUNCT
hi-55	226	28	(	(	PUNCT
hi-55	226	29	0.836	0.836	NUM
hi-55	226	30	)	)	PUNCT
hi-55	226	31	(	(	PUNCT
hi-55	226	32	0.001	0.001	NUM
hi-55	226	33	)	)	PUNCT
hi-55	226	34	lreserv	lreserv	NOUN
hi-55	226	35	0.333	0.333	NUM
hi-55	226	36	0.45	0.45	NUM
hi-55	226	37	-0.0098	-0.0098	NOUN
hi-55	227	1	-0.41	-0.41	CCONJ
hi-55	227	2	(	(	PUNCT
hi-55	227	3	0.653	0.653	NUM
hi-55	227	4	)	)	PUNCT
hi-55	227	5	(	(	PUNCT
hi-55	227	6	0.679	0.679	NUM
hi-55	227	7	)	)	PUNCT
hi-55	227	8	ltrade	ltrade	NOUN
hi-55	227	9	-0.2395	-0.2395	NOUN
hi-55	227	10	-0.45	-0.45	NOUN
hi-55	227	11	0.0402	0.0402	NUM
hi-55	227	12	2.94	2.94	NUM
hi-55	227	13	*	*	SYM
hi-55	227	14	(	(	PUNCT
hi-55	227	15	0.651	0.651	NUM
hi-55	227	16	)	)	PUNCT
hi-55	227	17	(	(	PUNCT
hi-55	227	18	0.003	0.003	NUM
hi-55	227	19	)	)	PUNCT
hi-55	227	20	number	number	NOUN
hi-55	227	21	of	of	ADP
hi-55	227	22	groups	group	NOUN
hi-55	228	1	23	23	NUM
hi-55	228	2	23	23	NUM
hi-55	228	3	no	no	NOUN
hi-55	228	4	.	.	PUNCT
hi-55	228	5	of	of	ADP
hi-55	228	6	observations	observation	NOUN
hi-55	229	1	460	460	NUM
hi-55	229	2	460	460	NUM
hi-55	229	3	log	log	NOUN
hi-55	229	4	likelihood	likelihood	NOUN
hi-55	229	5	-704.5	-704.5	PROPN
hi-55	229	6	801.28	801.28	NUM
hi-55	229	7	note	note	NOUN
hi-55	229	8	:	:	PUNCT
hi-55	229	9	*	*	PUNCT
hi-55	229	10	,	,	PUNCT
hi-55	229	11	*	*	PUNCT
hi-55	229	12	*	*	PUNCT
hi-55	229	13	and	and	CCONJ
hi-55	229	14	*	*	PUNCT
hi-55	229	15	*	*	PUNCT
hi-55	229	16	*	*	PUNCT
hi-55	229	17	represent	represent	VERB
hi-55	229	18	1	1	NUM
hi-55	229	19	,	,	PUNCT
hi-55	229	20	5	5	NUM
hi-55	229	21	and	and	CCONJ
hi-55	229	22	10	10	NUM
hi-55	229	23	percent	percent	NOUN
hi-55	229	24	level	level	NOUN
hi-55	229	25	of	of	ADP
hi-55	229	26	significance	significance	NOUN
hi-55	229	27	respectively	respectively	ADV
hi-55	229	28	.	.	PUNCT
hi-55	230	1	values	value	NOUN
hi-55	230	2	in	in	ADP
hi-55	230	3	parentheses	parenthesis	NOUN
hi-55	230	4	are	be	AUX
hi-55	230	5	estimated	estimate	VERB
hi-55	230	6	p	p	ADJ
hi-55	230	7	values	value	NOUN
hi-55	230	8	.	.	PUNCT
hi-55	231	1	the	the	DET
hi-55	231	2	estimation	estimation	NOUN
hi-55	231	3	results	result	NOUN
hi-55	231	4	of	of	ADP
hi-55	231	5	panel	panel	NOUN
hi-55	231	6	ardl	ardl	NOUN
hi-55	231	7	of	of	ADP
hi-55	231	8	functional	functional	ADJ
hi-55	231	9	equation	equation	NOUN
hi-55	231	10	of	of	ADP
hi-55	231	11	exchange	exchange	NOUN
hi-55	231	12	rate	rate	NOUN
hi-55	231	13	level	level	NOUN
hi-55	231	14	for	for	ADP
hi-55	231	15	panel	panel	NOUN
hi-55	231	16	data	datum	NOUN
hi-55	231	17	set	set	VERB
hi-55	231	18	of	of	ADP
hi-55	231	19	low	low	ADJ
hi-55	231	20	income	income	NOUN
hi-55	231	21	countries	country	NOUN
hi-55	231	22	are	be	AUX
hi-55	231	23	given	give	VERB
hi-55	231	24	in	in	ADP
hi-55	231	25	table	table	NOUN
hi-55	231	26	10	10	NUM
hi-55	231	27	.	.	PUNCT
hi-55	232	1	the	the	DET
hi-55	232	2	long	long	ADJ
hi-55	232	3	run	run	NOUN
hi-55	232	4	results	result	NOUN
hi-55	232	5	show	show	VERB
hi-55	232	6	strong	strong	ADJ
hi-55	232	7	influence	influence	NOUN
hi-55	232	8	of	of	ADP
hi-55	232	9	macroeconomic	macroeconomic	ADJ
hi-55	232	10	variables	variable	NOUN
hi-55	232	11	in	in	ADP
hi-55	232	12	determination	determination	NOUN
hi-55	232	13	of	of	ADP
hi-55	232	14	exchange	exchange	NOUN
hi-55	232	15	rate	rate	NOUN
hi-55	232	16	level	level	NOUN
hi-55	232	17	in	in	ADP
hi-55	232	18	low	low	ADJ
hi-55	232	19	income	income	NOUN
hi-55	232	20	countries	country	NOUN
hi-55	232	21	.	.	PUNCT
hi-55	233	1	the	the	DET
hi-55	233	2	results	result	NOUN
hi-55	233	3	indicate	indicate	VERB
hi-55	233	4	gdpc	gdpc	NOUN
hi-55	233	5	,	,	PUNCT
hi-55	233	6	cab	cab	NOUN
hi-55	233	7	,	,	PUNCT
hi-55	233	8	fdi	fdi	PROPN
hi-55	233	9	,	,	PUNCT
hi-55	233	10	gexp	gexp	NOUN
hi-55	233	11	and	and	CCONJ
hi-55	233	12	inf	inf	PROPN
hi-55	233	13	have	have	VERB
hi-55	233	14	negative	negative	ADJ
hi-55	233	15	impact	impact	NOUN
hi-55	233	16	while	while	SCONJ
hi-55	233	17	total	total	ADJ
hi-55	233	18	reserves	reserve	NOUN
hi-55	233	19	have	have	VERB
hi-55	233	20	positive	positive	ADJ
hi-55	233	21	impact	impact	NOUN
hi-55	233	22	on	on	ADP
hi-55	233	23	exchange	exchange	NOUN
hi-55	233	24	rate	rate	NOUN
hi-55	233	25	level	level	NOUN
hi-55	233	26	in	in	ADP
hi-55	233	27	long	long	ADJ
hi-55	233	28	run	run	NOUN
hi-55	233	29	(	(	PUNCT
hi-55	233	30	acemoglu	acemoglu	PROPN
hi-55	233	31	,	,	PUNCT
hi-55	233	32	johnson	johnson	PROPN
hi-55	233	33	,	,	PUNCT
hi-55	233	34	thaicharoen	thaicharoen	PROPN
hi-55	233	35	&	&	CCONJ
hi-55	233	36	robinson	robinson	PROPN
hi-55	233	37	,	,	PUNCT
hi-55	233	38	2003	2003	NUM
hi-55	233	39	;	;	PUNCT
hi-55	233	40	aizenman	aizenman	NOUN
hi-55	233	41	&	&	CCONJ
hi-55	233	42	riera	riera	PROPN
hi-55	233	43	-	-	PUNCT
hi-55	233	44	crichton	crichton	PROPN
hi-55	233	45	,	,	PUNCT
hi-55	233	46	2008	2008	NUM
hi-55	233	47	;	;	PUNCT
hi-55	233	48	gala	gala	NOUN
hi-55	233	49	,	,	PUNCT
hi-55	233	50	2007	2007	NUM
hi-55	233	51	;	;	PUNCT
hi-55	233	52	kamin	kamin	PROPN
hi-55	233	53	&	&	CCONJ
hi-55	233	54	rogers	rogers	PROPN
hi-55	233	55	,	,	PUNCT
hi-55	233	56	2000	2000	NUM
hi-55	233	57	;	;	PUNCT
hi-55	233	58	ojo	ojo	PROPN
hi-55	233	59	&	&	CCONJ
hi-55	233	60	allege	allege	NOUN
hi-55	233	61	,	,	PUNCT
hi-55	233	62	2014	2014	NUM
hi-55	233	63	;	;	PUNCT
hi-55	233	64	william	william	PROPN
hi-55	233	65	&	&	CCONJ
hi-55	233	66	parsad	parsad	PROPN
hi-55	233	67	,	,	PUNCT
hi-55	233	68	2019	2019	NUM
hi-55	233	69	)	)	PUNCT
hi-55	233	70	.	.	PUNCT
hi-55	234	1	even	even	ADV
hi-55	234	2	though	though	SCONJ
hi-55	234	3	except	except	SCONJ
hi-55	234	4	trade	trade	NOUN
hi-55	234	5	and	and	CCONJ
hi-55	234	6	financial	financial	ADJ
hi-55	234	7	development	development	NOUN
hi-55	234	8	all	all	DET
hi-55	234	9	the	the	DET
hi-55	234	10	macroeconomic	macroeconomic	ADJ
hi-55	234	11	indicators	indicator	NOUN
hi-55	234	12	have	have	VERB
hi-55	234	13	statistically	statistically	ADV
hi-55	234	14	significant	significant	ADJ
hi-55	234	15	impact	impact	NOUN
hi-55	234	16	on	on	ADP
hi-55	234	17	exchange	exchange	NOUN
hi-55	234	18	86	86	NUM
hi-55	234	19	macroeconomics	macroeconomic	NOUN
hi-55	234	20	indicators	indicator	NOUN
hi-55	234	21	contributing	contribute	VERB
hi-55	234	22	...	...	PUNCT
hi-55	234	23	rate	rate	NOUN
hi-55	234	24	level	level	NOUN
hi-55	234	25	but	but	CCONJ
hi-55	234	26	surprisingly	surprisingly	ADV
hi-55	234	27	direction	direction	NOUN
hi-55	234	28	of	of	ADP
hi-55	234	29	the	the	DET
hi-55	234	30	relationship	relationship	NOUN
hi-55	234	31	is	be	AUX
hi-55	234	32	against	against	ADP
hi-55	234	33	the	the	DET
hi-55	234	34	theory	theory	NOUN
hi-55	234	35	for	for	ADP
hi-55	234	36	majority	majority	NOUN
hi-55	234	37	of	of	ADP
hi-55	234	38	the	the	DET
hi-55	234	39	indicators	indicator	NOUN
hi-55	234	40	,	,	PUNCT
hi-55	234	41	like	like	ADP
hi-55	234	42	gdp	gdp	NOUN
hi-55	234	43	per	per	ADP
hi-55	234	44	capita	capita	NOUN
hi-55	234	45	,	,	PUNCT
hi-55	234	46	current	current	ADJ
hi-55	234	47	account	account	NOUN
hi-55	234	48	balance	balance	NOUN
hi-55	234	49	,	,	PUNCT
hi-55	234	50	foreign	foreign	ADJ
hi-55	234	51	direct	direct	ADJ
hi-55	234	52	investment	investment	NOUN
hi-55	234	53	and	and	CCONJ
hi-55	234	54	government	government	NOUN
hi-55	234	55	expenditures	expenditure	NOUN
hi-55	234	56	posed	pose	VERB
hi-55	234	57	negative	negative	ADJ
hi-55	234	58	relationship	relationship	NOUN
hi-55	234	59	with	with	ADP
hi-55	234	60	exchange	exchange	NOUN
hi-55	234	61	rate	rate	NOUN
hi-55	234	62	level	level	NOUN
hi-55	234	63	in	in	ADP
hi-55	234	64	long	long	ADJ
hi-55	234	65	run	run	NOUN
hi-55	234	66	for	for	ADP
hi-55	234	67	panel	panel	NOUN
hi-55	234	68	data	datum	NOUN
hi-55	234	69	set	set	VERB
hi-55	234	70	of	of	ADP
hi-55	234	71	low	low	ADJ
hi-55	234	72	income	income	NOUN
hi-55	234	73	countries	country	NOUN
hi-55	234	74	.	.	PUNCT
hi-55	235	1	the	the	DET
hi-55	235	2	low	low	ADJ
hi-55	235	3	income	income	NOUN
hi-55	235	4	countries	country	NOUN
hi-55	235	5	contained	contain	VERB
hi-55	235	6	deteriorated	deteriorate	VERB
hi-55	235	7	situation	situation	NOUN
hi-55	235	8	of	of	ADP
hi-55	235	9	macroeconomic	macroeconomic	ADJ
hi-55	235	10	indicators	indicator	NOUN
hi-55	235	11	.	.	PUNCT
hi-55	236	1	these	these	DET
hi-55	236	2	countries	country	NOUN
hi-55	236	3	have	have	VERB
hi-55	236	4	low	low	ADJ
hi-55	236	5	per	per	ADP
hi-55	236	6	capita	capita	X
hi-55	236	7	income	income	NOUN
hi-55	236	8	as	as	ADV
hi-55	236	9	low	low	ADJ
hi-55	236	10	as	as	ADP
hi-55	236	11	less	less	ADJ
hi-55	236	12	than	than	ADP
hi-55	236	13	1026	1026	NUM
hi-55	236	14	dollars	dollar	NOUN
hi-55	236	15	,	,	PUNCT
hi-55	236	16	high	high	ADJ
hi-55	236	17	current	current	ADJ
hi-55	236	18	account	account	NOUN
hi-55	236	19	deficits	deficit	NOUN
hi-55	236	20	,	,	PUNCT
hi-55	236	21	very	very	ADV
hi-55	236	22	low	low	ADJ
hi-55	236	23	foreign	foreign	ADJ
hi-55	236	24	direct	direct	ADJ
hi-55	236	25	investment	investment	NOUN
hi-55	236	26	inflows	inflow	NOUN
hi-55	236	27	,	,	PUNCT
hi-55	236	28	backward	backward	ADJ
hi-55	236	29	and	and	CCONJ
hi-55	236	30	underdeveloped	underdeveloped	ADJ
hi-55	236	31	financial	financial	ADJ
hi-55	236	32	system	system	NOUN
hi-55	236	33	,	,	PUNCT
hi-55	236	34	high	high	ADJ
hi-55	236	35	inflation	inflation	NOUN
hi-55	236	36	,	,	PUNCT
hi-55	236	37	low	low	ADJ
hi-55	236	38	exports	export	NOUN
hi-55	236	39	,	,	PUNCT
hi-55	236	40	high	high	ADJ
hi-55	236	41	imports	import	NOUN
hi-55	236	42	,	,	PUNCT
hi-55	236	43	low	low	ADJ
hi-55	236	44	level	level	NOUN
hi-55	236	45	of	of	ADP
hi-55	236	46	output	output	NOUN
hi-55	236	47	and	and	CCONJ
hi-55	236	48	inadequate	inadequate	ADJ
hi-55	236	49	government	government	NOUN
hi-55	236	50	expenditures	expenditure	NOUN
hi-55	236	51	.	.	PUNCT
hi-55	237	1	this	this	PRON
hi-55	237	2	is	be	AUX
hi-55	237	3	the	the	DET
hi-55	237	4	reason	reason	NOUN
hi-55	237	5	that	that	SCONJ
hi-55	237	6	macroeconomic	macroeconomic	ADJ
hi-55	237	7	indicators	indicator	NOUN
hi-55	237	8	i.e.	i.e.	X
hi-55	237	9	gdp	gdp	NOUN
hi-55	237	10	per	per	ADP
hi-55	237	11	capita	capita	NOUN
hi-55	237	12	,	,	PUNCT
hi-55	237	13	current	current	ADJ
hi-55	237	14	account	account	NOUN
hi-55	237	15	balance	balance	NOUN
hi-55	237	16	,	,	PUNCT
hi-55	237	17	foreign	foreign	ADJ
hi-55	237	18	direct	direct	ADJ
hi-55	237	19	investment	investment	NOUN
hi-55	237	20	,	,	PUNCT
hi-55	237	21	government	government	NOUN
hi-55	237	22	expenditures	expenditure	NOUN
hi-55	237	23	posed	pose	VERB
hi-55	237	24	to	to	PART
hi-55	237	25	have	have	VERB
hi-55	237	26	negative	negative	ADJ
hi-55	237	27	relationship	relationship	NOUN
hi-55	237	28	with	with	ADP
hi-55	237	29	exchange	exchange	NOUN
hi-55	237	30	rate	rate	NOUN
hi-55	237	31	level	level	NOUN
hi-55	237	32	in	in	ADP
hi-55	237	33	low	low	ADJ
hi-55	237	34	income	income	NOUN
hi-55	237	35	countries	country	NOUN
hi-55	237	36	.	.	PUNCT
hi-55	238	1	panel	panel	NOUN
hi-55	238	2	granger	granger	PROPN
hi-55	238	3	causality	causality	PROPN
hi-55	238	4	test	test	NOUN
hi-55	238	5	results	result	NOUN
hi-55	238	6	for	for	ADP
hi-55	238	7	exchange	exchange	NOUN
hi-55	238	8	rate	rate	NOUN
hi-55	238	9	volatility	volatility	NOUN
hi-55	238	10	(	(	PUNCT
hi-55	238	11	low	low	ADJ
hi-55	238	12	income	income	NOUN
hi-55	238	13	countries	country	NOUN
hi-55	238	14	)	)	PUNCT
hi-55	238	15	the	the	DET
hi-55	238	16	estimation	estimation	NOUN
hi-55	238	17	results	result	NOUN
hi-55	238	18	of	of	ADP
hi-55	238	19	pair	pair	NOUN
hi-55	238	20	wise	wise	ADJ
hi-55	238	21	panel	panel	NOUN
hi-55	238	22	granger	granger	PROPN
hi-55	238	23	causality	causality	PROPN
hi-55	238	24	test	test	NOUN
hi-55	238	25	are	be	AUX
hi-55	238	26	given	give	VERB
hi-55	238	27	in	in	ADP
hi-55	238	28	table	table	NOUN
hi-55	238	29	11	11	NUM
hi-55	238	30	.	.	PUNCT
hi-55	239	1	the	the	DET
hi-55	239	2	results	result	NOUN
hi-55	239	3	indicate	indicate	VERB
hi-55	239	4	that	that	SCONJ
hi-55	239	5	there	there	PRON
hi-55	239	6	is	be	VERB
hi-55	239	7	no	no	DET
hi-55	239	8	causality	causality	NOUN
hi-55	239	9	between	between	ADP
hi-55	239	10	exrv	exrv	PROPN
hi-55	239	11	and	and	CCONJ
hi-55	239	12	fdev	fdev	NOUN
hi-55	239	13	,	,	PUNCT
hi-55	239	14	gexp	gexp	NOUN
hi-55	239	15	and	and	CCONJ
hi-55	239	16	trade	trade	NOUN
hi-55	239	17	.	.	PUNCT
hi-55	240	1	table	table	NOUN
hi-55	240	2	.	.	PUNCT
hi-55	241	1	11	11	NUM
hi-55	241	2	panel	panel	NOUN
hi-55	241	3	granger	granger	PROPN
hi-55	241	4	causality	causality	PROPN
hi-55	241	5	test	test	NOUN
hi-55	241	6	results	result	NOUN
hi-55	241	7	for	for	ADP
hi-55	241	8	exchange	exchange	NOUN
hi-55	241	9	rate	rate	NOUN
hi-55	241	10	null	null	ADJ
hi-55	241	11	hypothesis	hypothesis	NOUN
hi-55	241	12	lgdpc	lgdpc	NOUN
hi-55	241	13	does	do	AUX
hi-55	241	14	not	not	PART
hi-55	241	15	granger	granger	PROPN
hi-55	241	16	cause	cause	VERB
hi-55	241	17	lexrv	lexrv	ADV
hi-55	241	18	lexrv	lexrv	ADV
hi-55	241	19	does	do	AUX
hi-55	241	20	not	not	PART
hi-55	241	21	granger	granger	VERB
hi-55	241	22	cause	cause	VERB
hi-55	241	23	lgdpc	lgdpc	PROPN
hi-55	241	24	lcab	lcab	NOUN
hi-55	241	25	does	do	AUX
hi-55	241	26	not	not	PART
hi-55	241	27	granger	granger	PROPN
hi-55	241	28	cause	cause	VERB
hi-55	241	29	lexrv	lexrv	ADV
hi-55	241	30	lexrv	lexrv	ADV
hi-55	241	31	does	do	AUX
hi-55	241	32	not	not	PART
hi-55	241	33	granger	granger	AUX
hi-55	241	34	cause	cause	VERB
hi-55	241	35	lcab	lcab	NOUN
hi-55	241	36	lfdi	lfdi	NOUN
hi-55	241	37	does	do	AUX
hi-55	241	38	not	not	PART
hi-55	241	39	granger	granger	PROPN
hi-55	241	40	cause	cause	VERB
hi-55	241	41	lexrv	lexrv	ADV
hi-55	241	42	lexrv	lexrv	ADV
hi-55	241	43	does	do	AUX
hi-55	241	44	not	not	PART
hi-55	241	45	granger	granger	AUX
hi-55	241	46	cause	cause	VERB
hi-55	241	47	lfdi	lfdi	ADJ
hi-55	241	48	observations	observation	NOUN
hi-55	241	49	437	437	NUM
hi-55	241	50	437	437	NUM
hi-55	241	51	437	437	NUM
hi-55	241	52	f	f	NOUN
hi-55	241	53	-	-	PUNCT
hi-55	241	54	stat	stat	VERB
hi-55	241	55	1.92324	1.92324	NUM
hi-55	241	56	3.58848	3.58848	NUM
hi-55	241	57	2.42596	2.42596	NUM
hi-55	241	58	0.8062	0.8062	NUM
hi-55	241	59	2.71282	2.71282	NUM
hi-55	241	60	0.53075	0.53075	NUM
hi-55	241	61	probability	probability	NOUN
hi-55	241	62	0.1474	0.1474	NOUN
hi-55	241	63	0.0285	0.0285	NUM
hi-55	241	64	0.896	0.896	NUM
hi-55	241	65	0.9226	0.9226	NUM
hi-55	241	66	0.0675	0.0675	NUM
hi-55	241	67	0.5885	0.5885	NUM
hi-55	241	68	decision	decision	NOUN
hi-55	241	69	accept	accept	VERB
hi-55	241	70	reject	reject	NOUN
hi-55	241	71	accept	accept	VERB
hi-55	241	72	accept	accept	AUX
hi-55	241	73	reject	reject	NOUN
hi-55	241	74	accept	accept	VERB
hi-55	241	75	causality	causality	NOUN
hi-55	241	76	unidirectional	unidirectional	ADJ
hi-55	241	77	no	no	DET
hi-55	241	78	causality	causality	NOUN
hi-55	241	79	unidirectional	unidirectional	ADJ
hi-55	241	80	hamdard	hamdard	PROPN
hi-55	241	81	islamicus	islamicus	PROPN
hi-55	241	82	vol	vol	NOUN
hi-55	241	83	.	.	PUNCT
hi-55	242	1	xliii	xliii	PROPN
hi-55	242	2	,	,	PUNCT
hi-55	242	3	no	no	INTJ
hi-55	242	4	.	.	NOUN
hi-55	242	5	3	3	NUM
hi-55	242	6	87	87	NUM
hi-55	242	7	further	further	ADJ
hi-55	242	8	causality	causality	NOUN
hi-55	242	9	between	between	ADP
hi-55	242	10	exchange	exchange	NOUN
hi-55	242	11	rate	rate	NOUN
hi-55	242	12	volatility	volatility	NOUN
hi-55	242	13	and	and	CCONJ
hi-55	242	14	gdp	gdp	NOUN
hi-55	242	15	per	per	ADP
hi-55	242	16	capita	capita	NOUN
hi-55	242	17	,	,	PUNCT
hi-55	242	18	current	current	ADJ
hi-55	242	19	account	account	NOUN
hi-55	242	20	balance	balance	NOUN
hi-55	242	21	,	,	PUNCT
hi-55	242	22	foreign	foreign	ADJ
hi-55	242	23	direct	direct	ADJ
hi-55	242	24	investment	investment	NOUN
hi-55	242	25	,	,	PUNCT
hi-55	242	26	inflation	inflation	NOUN
hi-55	242	27	and	and	CCONJ
hi-55	242	28	total	total	ADJ
hi-55	242	29	reserves	reserve	NOUN
hi-55	242	30	is	be	AUX
hi-55	242	31	unidirectional	unidirectional	ADJ
hi-55	242	32	.	.	PUNCT
hi-55	243	1	thus	thus	ADV
hi-55	243	2	in	in	ADP
hi-55	243	3	case	case	NOUN
hi-55	243	4	of	of	ADP
hi-55	243	5	panel	panel	NOUN
hi-55	243	6	data	datum	NOUN
hi-55	243	7	set	set	VERB
hi-55	243	8	of	of	ADP
hi-55	243	9	low	low	ADJ
hi-55	243	10	income	income	NOUN
hi-55	243	11	countries	country	NOUN
hi-55	243	12	the	the	DET
hi-55	243	13	causality	causality	NOUN
hi-55	243	14	analysis	analysis	NOUN
hi-55	243	15	provides	provide	VERB
hi-55	243	16	the	the	DET
hi-55	243	17	evidence	evidence	NOUN
hi-55	243	18	of	of	ADP
hi-55	243	19	poor	poor	ADJ
hi-55	243	20	relationship	relationship	NOUN
hi-55	243	21	between	between	ADP
hi-55	243	22	exchange	exchange	NOUN
hi-55	243	23	rate	rate	NOUN
hi-55	243	24	volatility	volatility	NOUN
hi-55	243	25	and	and	CCONJ
hi-55	243	26	macroeconomic	macroeconomic	ADJ
hi-55	243	27	variables	variable	NOUN
hi-55	243	28	.	.	PUNCT
hi-55	244	1	panel	panel	NOUN
hi-55	244	2	granger	granger	PROPN
hi-55	244	3	causality	causality	PROPN
hi-55	244	4	test	test	NOUN
hi-55	244	5	results	result	NOUN
hi-55	244	6	for	for	ADP
hi-55	244	7	exchange	exchange	NOUN
hi-55	244	8	rate	rate	NOUN
hi-55	244	9	level	level	NOUN
hi-55	244	10	(	(	PUNCT
hi-55	244	11	low	low	ADJ
hi-55	244	12	income	income	NOUN
hi-55	244	13	countries	country	NOUN
hi-55	244	14	)	)	PUNCT
hi-55	244	15	the	the	DET
hi-55	244	16	results	result	NOUN
hi-55	244	17	of	of	ADP
hi-55	244	18	pair	pair	NOUN
hi-55	244	19	wise	wise	ADJ
hi-55	244	20	panel	panel	NOUN
hi-55	244	21	granger	granger	PROPN
hi-55	244	22	causality	causality	PROPN
hi-55	244	23	test	test	NOUN
hi-55	244	24	for	for	ADP
hi-55	244	25	exchange	exchange	NOUN
hi-55	244	26	rate	rate	NOUN
hi-55	244	27	level	level	NOUN
hi-55	244	28	function	function	NOUN
hi-55	244	29	are	be	AUX
hi-55	244	30	given	give	VERB
hi-55	244	31	in	in	ADP
hi-55	244	32	table	table	NOUN
hi-55	244	33	12	12	NUM
hi-55	244	34	.	.	PUNCT
hi-55	245	1	the	the	DET
hi-55	245	2	results	result	NOUN
hi-55	245	3	explain	explain	VERB
hi-55	245	4	that	that	SCONJ
hi-55	245	5	here	here	ADV
hi-55	245	6	exist	exist	VERB
hi-55	245	7	no	no	DET
hi-55	245	8	causality	causality	NOUN
hi-55	245	9	between	between	ADP
hi-55	245	10	exrl	exrl	PROPN
hi-55	245	11	and	and	CCONJ
hi-55	245	12	cab	cab	NOUN
hi-55	245	13	,	,	PUNCT
hi-55	245	14	fdi	fdi	NOUN
hi-55	245	15	and	and	CCONJ
hi-55	245	16	trade	trade	NOUN
hi-55	245	17	.	.	PUNCT
hi-55	246	1	the	the	DET
hi-55	246	2	results	result	NOUN
hi-55	246	3	show	show	VERB
hi-55	246	4	unidirectional	unidirectional	ADJ
hi-55	246	5	causality	causality	NOUN
hi-55	246	6	between	between	ADP
hi-55	246	7	exrl	exrl	PROPN
hi-55	246	8	and	and	CCONJ
hi-55	246	9	gexp	gexp	NOUN
hi-55	246	10	,	,	PUNCT
hi-55	246	11	inf	inf	NOUN
hi-55	246	12	and	and	CCONJ
hi-55	246	13	reserves	reserve	NOUN
hi-55	246	14	(	(	PUNCT
hi-55	246	15	kasman	kasman	PROPN
hi-55	246	16	&	&	CCONJ
hi-55	246	17	ayhan	ayhan	PROPN
hi-55	246	18	,	,	PUNCT
hi-55	246	19	2008	2008	NUM
hi-55	246	20	;	;	PUNCT
hi-55	246	21	narayan	narayan	PROPN
hi-55	246	22	&	&	CCONJ
hi-55	246	23	smyth	smyth	PROPN
hi-55	246	24	,	,	PUNCT
hi-55	246	25	2004	2004	NUM
hi-55	246	26	)	)	PUNCT
hi-55	246	27	.	.	PUNCT
hi-55	247	1	further	further	ADJ
hi-55	247	2	analysis	analysis	NOUN
hi-55	247	3	indicates	indicate	VERB
hi-55	247	4	there	there	PRON
hi-55	247	5	exist	exist	VERB
hi-55	247	6	bidirectional	bidirectional	ADJ
hi-55	247	7	causality	causality	NOUN
hi-55	247	8	between	between	ADP
hi-55	247	9	exrl	exrl	PROPN
hi-55	247	10	and	and	CCONJ
hi-55	247	11	gdpc	gdpc	PROPN
hi-55	247	12	and	and	CCONJ
hi-55	247	13	fdev	fdev	NOUN
hi-55	247	14	(	(	PUNCT
hi-55	247	15	ojo	ojo	PROPN
hi-55	247	16	&	&	CCONJ
hi-55	247	17	allege	allege	NOUN
hi-55	247	18	,	,	PUNCT
hi-55	247	19	2014	2014	NUM
hi-55	247	20	;	;	PUNCT
hi-55	247	21	sekmen	sekman	NOUN
hi-55	247	22	,	,	PUNCT
hi-55	247	23	2007	2007	NUM
hi-55	247	24	)	)	PUNCT
hi-55	247	25	.	.	PUNCT
hi-55	248	1	null	null	ADJ
hi-55	248	2	hypothesis	hypothesis	NOUN
hi-55	248	3	lfdev	lfdev	NOUN
hi-55	248	4	does	do	AUX
hi-55	248	5	not	not	PART
hi-55	248	6	granger	granger	PROPN
hi-55	248	7	cause	cause	VERB
hi-55	248	8	lexrv	lexrv	ADV
hi-55	248	9	lexrv	lexrv	ADV
hi-55	248	10	does	do	AUX
hi-55	248	11	not	not	PART
hi-55	248	12	granger	granger	VERB
hi-55	248	13	cause	cause	VERB
hi-55	248	14	lfdev	lfdev	PROPN
hi-55	248	15	lgexp	lgexp	PROPN
hi-55	248	16	does	do	AUX
hi-55	248	17	not	not	PART
hi-55	248	18	granger	granger	PROPN
hi-55	248	19	cause	cause	VERB
hi-55	248	20	lexrv	lexrv	ADV
hi-55	248	21	lexrv	lexrv	ADV
hi-55	248	22	does	do	AUX
hi-55	248	23	not	not	PART
hi-55	248	24	granger	granger	PROPN
hi-55	248	25	cause	cause	VERB
hi-55	248	26	lgexp	lgexp	PROPN
hi-55	248	27	linf	linf	PROPN
hi-55	248	28	does	do	AUX
hi-55	248	29	not	not	PART
hi-55	248	30	granger	granger	PROPN
hi-55	248	31	cause	cause	VERB
hi-55	248	32	lexrv	lexrv	ADV
hi-55	248	33	lexrv	lexrv	ADV
hi-55	248	34	does	do	AUX
hi-55	248	35	not	not	PART
hi-55	248	36	granger	granger	AUX
hi-55	248	37	cause	cause	VERB
hi-55	248	38	linf	linf	ADJ
hi-55	248	39	lreserv	lreserv	PROPN
hi-55	248	40	does	do	AUX
hi-55	248	41	not	not	PART
hi-55	248	42	granger	granger	PROPN
hi-55	248	43	cause	cause	VERB
hi-55	248	44	lexrv	lexrv	ADV
hi-55	248	45	lexrv	lexrv	ADV
hi-55	248	46	does	do	AUX
hi-55	248	47	not	not	PART
hi-55	248	48	granger	granger	VERB
hi-55	248	49	cause	cause	VERB
hi-55	248	50	lreserv	lreserv	PROPN
hi-55	248	51	ltrade	ltrade	NOUN
hi-55	248	52	does	do	AUX
hi-55	248	53	not	not	PART
hi-55	248	54	granger	granger	PROPN
hi-55	248	55	cause	cause	VERB
hi-55	248	56	lexrv	lexrv	ADV
hi-55	248	57	lexrv	lexrv	ADV
hi-55	248	58	does	do	AUX
hi-55	248	59	not	not	PART
hi-55	248	60	granger	granger	AUX
hi-55	248	61	cause	cause	VERB
hi-55	248	62	ltrade	ltrade	NOUN
hi-55	248	63	observations	observation	NOUN
hi-55	248	64	437	437	NUM
hi-55	248	65	437	437	NUM
hi-55	248	66	437	437	NUM
hi-55	248	67	437	437	NUM
hi-55	248	68	437	437	NUM
hi-55	248	69	f	f	NOUN
hi-55	248	70	-	-	PUNCT
hi-55	248	71	stat	stat	NOUN
hi-55	248	72	0.00671	0.00671	NUM
hi-55	248	73	1.56828	1.56828	NUM
hi-55	248	74	0.68491	0.68491	NUM
hi-55	248	75	0.16380	0.16380	NUM
hi-55	248	76	1.81294	1.81294	NUM
hi-55	248	77	2.35491	2.35491	NUM
hi-55	248	78	1.01964	1.01964	NUM
hi-55	248	79	2.53429	2.53429	NUM
hi-55	248	80	0.70876	0.70876	NUM
hi-55	248	81	0.90158	0.90158	NUM
hi-55	248	82	probability	probability	NOUN
hi-55	248	83	0.9933	0.9933	NUM
hi-55	248	84	0.2096	0.2096	NUM
hi-55	248	85	0.5047	0.5047	NUM
hi-55	248	86	0.8490	0.8490	NUM
hi-55	248	87	0.1644	0.1644	NUM
hi-55	248	88	0.0961	0.0961	NUM
hi-55	248	89	0.3616	0.3616	NUM
hi-55	248	90	0.0805	0.0805	NUM
hi-55	248	91	0.4928	0.4928	NUM
hi-55	248	92	0.4067	0.4067	NUM
hi-55	248	93	decision	decision	NOUN
hi-55	248	94	accept	accept	AUX
hi-55	248	95	accept	accept	VERB
hi-55	248	96	accept	accept	VERB
hi-55	248	97	accept	accept	VERB
hi-55	248	98	accept	accept	AUX
hi-55	248	99	reject	reject	NOUN
hi-55	248	100	accept	accept	VERB
hi-55	248	101	reject	reject	NOUN
hi-55	248	102	accept	accept	AUX
hi-55	248	103	accept	accept	VERB
hi-55	248	104	causality	causality	NOUN
hi-55	248	105	no	no	DET
hi-55	248	106	causality	causality	NOUN
hi-55	248	107	no	no	DET
hi-55	248	108	causality	causality	NOUN
hi-55	248	109	unidirectional	unidirectional	ADJ
hi-55	248	110	unidirectional	unidirectional	ADJ
hi-55	248	111	no	no	DET
hi-55	248	112	causality	causality	NOUN
hi-55	248	113	88	88	NUM
hi-55	248	114	macroeconomics	macroeconomic	NOUN
hi-55	248	115	indicators	indicator	NOUN
hi-55	248	116	contributing	contribute	VERB
hi-55	248	117	...	...	PUNCT
hi-55	248	118	table	table	NOUN
hi-55	248	119	.	.	PUNCT
hi-55	249	1	12	12	NUM
hi-55	249	2	panel	panel	NOUN
hi-55	249	3	granger	granger	PROPN
hi-55	249	4	causality	causality	PROPN
hi-55	249	5	test	test	NOUN
hi-55	249	6	results	result	NOUN
hi-55	249	7	for	for	ADP
hi-55	249	8	exchange	exchange	NOUN
hi-55	249	9	rate	rate	NOUN
hi-55	249	10	level	level	NOUN
hi-55	249	11	low	low	ADJ
hi-55	249	12	income	income	NOUN
hi-55	249	13	countries	country	NOUN
hi-55	249	14	null	null	ADJ
hi-55	249	15	hypothesis	hypothesis	NOUN
hi-55	249	16	lgdpc	lgdpc	NOUN
hi-55	249	17	does	do	AUX
hi-55	249	18	not	not	PART
hi-55	249	19	granger	granger	NOUN
hi-55	249	20	cause	cause	VERB
hi-55	249	21	lexrl	lexrl	PROPN
hi-55	249	22	lexrl	lexrl	PROPN
hi-55	249	23	does	do	AUX
hi-55	249	24	not	not	PART
hi-55	249	25	granger	granger	VERB
hi-55	249	26	cause	cause	VERB
hi-55	249	27	lgdpc	lgdpc	PROPN
hi-55	249	28	lcab	lcab	NOUN
hi-55	249	29	does	do	AUX
hi-55	249	30	not	not	PART
hi-55	249	31	granger	granger	NOUN
hi-55	249	32	cause	cause	VERB
hi-55	249	33	lexrl	lexrl	PROPN
hi-55	249	34	lexrl	lexrl	PROPN
hi-55	249	35	does	do	AUX
hi-55	249	36	not	not	PART
hi-55	249	37	granger	granger	AUX
hi-55	249	38	cause	cause	VERB
hi-55	249	39	lcab	lcab	NOUN
hi-55	249	40	lfdi	lfdi	NOUN
hi-55	249	41	does	do	AUX
hi-55	249	42	not	not	PART
hi-55	249	43	granger	granger	NOUN
hi-55	249	44	cause	cause	VERB
hi-55	249	45	lexrl	lexrl	PROPN
hi-55	249	46	lexrl	lexrl	PROPN
hi-55	249	47	does	do	AUX
hi-55	249	48	not	not	PART
hi-55	249	49	granger	granger	VERB
hi-55	249	50	cause	cause	VERB
hi-55	249	51	lfdi	lfdi	ADJ
hi-55	249	52	lfdev	lfdev	PROPN
hi-55	249	53	does	do	AUX
hi-55	249	54	not	not	PART
hi-55	249	55	granger	granger	NOUN
hi-55	249	56	cause	cause	VERB
hi-55	249	57	lexrl	lexrl	PROPN
hi-55	249	58	lexrl	lexrl	PROPN
hi-55	249	59	does	do	AUX
hi-55	249	60	not	not	PART
hi-55	249	61	granger	granger	VERB
hi-55	249	62	cause	cause	VERB
hi-55	249	63	lfdev	lfdev	PROPN
hi-55	249	64	lgexp	lgexp	PROPN
hi-55	249	65	does	do	AUX
hi-55	249	66	not	not	PART
hi-55	249	67	granger	granger	NOUN
hi-55	249	68	cause	cause	VERB
hi-55	249	69	lexrl	lexrl	PROPN
hi-55	249	70	lexrl	lexrl	PROPN
hi-55	249	71	does	do	AUX
hi-55	249	72	not	not	PART
hi-55	249	73	granger	granger	PROPN
hi-55	249	74	cause	cause	VERB
hi-55	249	75	lgexp	lgexp	PROPN
hi-55	249	76	linf	linf	PROPN
hi-55	249	77	does	do	AUX
hi-55	249	78	not	not	PART
hi-55	249	79	granger	granger	NOUN
hi-55	249	80	cause	cause	VERB
hi-55	249	81	lexrl	lexrl	PROPN
hi-55	249	82	lexrl	lexrl	PROPN
hi-55	249	83	does	do	AUX
hi-55	249	84	not	not	PART
hi-55	249	85	granger	granger	VERB
hi-55	249	86	cause	cause	VERB
hi-55	249	87	linf	linf	ADJ
hi-55	249	88	lreserv	lreserv	PROPN
hi-55	249	89	does	do	AUX
hi-55	249	90	not	not	PART
hi-55	249	91	granger	granger	NOUN
hi-55	249	92	cause	cause	VERB
hi-55	249	93	lexrl	lexrl	PROPN
hi-55	249	94	lexrl	lexrl	PROPN
hi-55	249	95	does	do	AUX
hi-55	249	96	not	not	PART
hi-55	249	97	granger	granger	VERB
hi-55	249	98	cause	cause	VERB
hi-55	249	99	lreserv	lreserv	PROPN
hi-55	249	100	ltrade	ltrade	NOUN
hi-55	249	101	does	do	AUX
hi-55	249	102	not	not	PART
hi-55	249	103	granger	granger	NOUN
hi-55	249	104	cause	cause	VERB
hi-55	249	105	lexrl	lexrl	PROPN
hi-55	249	106	lexrl	lexrl	PROPN
hi-55	249	107	does	do	AUX
hi-55	249	108	not	not	PART
hi-55	249	109	granger	granger	AUX
hi-55	249	110	cause	cause	VERB
hi-55	249	111	ltrade	ltrade	NOUN
hi-55	249	112	observations	observation	NOUN
hi-55	249	113	437	437	NUM
hi-55	249	114	437	437	NUM
hi-55	249	115	437	437	NUM
hi-55	249	116	437	437	NUM
hi-55	249	117	437	437	NUM
hi-55	249	118	437	437	NUM
hi-55	249	119	437	437	NUM
hi-55	249	120	437	437	NUM
hi-55	249	121	f	f	NOUN
hi-55	249	122	-	-	PUNCT
hi-55	249	123	stat	stat	PROPN
hi-55	249	124	23.8829	23.8829	NUM
hi-55	249	125	4.00942	4.00942	NUM
hi-55	249	126	0.35372	0.35372	NUM
hi-55	249	127	0.71560	0.71560	NUM
hi-55	249	128	0.67921	0.67921	NUM
hi-55	249	129	1.87044	1.87044	NUM
hi-55	249	130	5.81599	5.81599	NUM
hi-55	249	131	5.71254	5.71254	NUM
hi-55	249	132	7.02454	7.02454	NUM
hi-55	249	133	0.58566	0.58566	NUM
hi-55	249	134	2.065461	2.065461	NUM
hi-55	249	135	0.1887	0.1887	NUM
hi-55	249	136	3.57594	3.57594	NUM
hi-55	249	137	0.67188	0.67188	NUM
hi-55	249	138	0.75667	0.75667	NUM
hi-55	249	139	0.48644	0.48644	NUM
hi-55	249	140	probability	probability	NOUN
hi-55	249	141	0.0000	0.0000	NUM
hi-55	249	142	0.0188	0.0188	NUM
hi-55	249	143	0.7023	0.7023	NUM
hi-55	249	144	0.4895	0.4895	NUM
hi-55	249	145	0.5076	0.5076	NUM
hi-55	249	146	0.1553	0.1553	NUM
hi-55	249	147	0.0032	0.0032	NUM
hi-55	249	148	0.0036	0.0036	NUM
hi-55	249	149	0.0010	0.0010	NUM
hi-55	249	150	0.5572	0.5572	NUM
hi-55	249	151	0.1280	0.1280	NUM
hi-55	249	152	0.0000	0.0000	NUM
hi-55	249	153	0.0288	0.0288	NUM
hi-55	249	154	0.5113	0.5113	NUM
hi-55	249	155	0.4698	0.4698	NUM
hi-55	249	156	0.6151	0.6151	NUM
hi-55	249	157	decision	decision	NOUN
hi-55	249	158	reject	reject	NOUN
hi-55	249	159	reject	reject	VERB
hi-55	249	160	accept	accept	VERB
hi-55	249	161	accept	accept	AUX
hi-55	249	162	accept	accept	AUX
hi-55	249	163	accept	accept	VERB
hi-55	249	164	reject	reject	PROPN
hi-55	249	165	reject	reject	PROPN
hi-55	249	166	reject	reject	VERB
hi-55	249	167	accept	accept	AUX
hi-55	249	168	accept	accept	VERB
hi-55	249	169	reject	reject	PROPN
hi-55	249	170	reject	reject	PROPN
hi-55	249	171	accept	accept	VERB
hi-55	249	172	accept	accept	AUX
hi-55	249	173	accept	accept	VERB
hi-55	249	174	causality	causality	NOUN
hi-55	249	175	bidirectional	bidirectional	NOUN
hi-55	249	176	no	no	DET
hi-55	249	177	causality	causality	NOUN
hi-55	249	178	no	no	DET
hi-55	249	179	causality	causality	NOUN
hi-55	249	180	bidirectional	bidirectional	ADJ
hi-55	249	181	unidirectional	unidirectional	ADJ
hi-55	249	182	unidirectional	unidirectional	ADJ
hi-55	249	183	unidirectional	unidirectional	ADJ
hi-55	249	184	no	no	DET
hi-55	249	185	causality	causality	NOUN
hi-55	249	186	hamdard	hamdard	NOUN
hi-55	249	187	islamicus	islamicus	PROPN
hi-55	249	188	vol	vol	NOUN
hi-55	249	189	.	.	PUNCT
hi-55	250	1	xliii	xliii	PROPN
hi-55	250	2	,	,	PUNCT
hi-55	250	3	no	no	INTJ
hi-55	250	4	.	.	NOUN
hi-55	250	5	3	3	NUM
hi-55	250	6	89	89	NUM
hi-55	250	7	the	the	DET
hi-55	250	8	causality	causality	NOUN
hi-55	250	9	analysis	analysis	NOUN
hi-55	250	10	provides	provide	VERB
hi-55	250	11	the	the	DET
hi-55	250	12	evidence	evidence	NOUN
hi-55	250	13	of	of	ADP
hi-55	250	14	cause	cause	NOUN
hi-55	250	15	and	and	CCONJ
hi-55	250	16	effect	effect	VERB
hi-55	250	17	relationship	relationship	NOUN
hi-55	250	18	between	between	ADP
hi-55	250	19	exchange	exchange	NOUN
hi-55	250	20	rate	rate	NOUN
hi-55	250	21	level	level	NOUN
hi-55	250	22	and	and	CCONJ
hi-55	250	23	macroeconomic	macroeconomic	ADJ
hi-55	250	24	indicators	indicator	NOUN
hi-55	250	25	for	for	ADP
hi-55	250	26	panel	panel	NOUN
hi-55	250	27	data	datum	NOUN
hi-55	250	28	set	set	VERB
hi-55	250	29	of	of	ADP
hi-55	250	30	low	low	ADJ
hi-55	250	31	income	income	NOUN
hi-55	250	32	countries	country	NOUN
hi-55	250	33	.	.	PUNCT
hi-55	251	1	the	the	DET
hi-55	251	2	main	main	ADJ
hi-55	251	3	line	line	NOUN
hi-55	251	4	of	of	ADP
hi-55	251	5	arguments	argument	NOUN
hi-55	251	6	and	and	CCONJ
hi-55	251	7	findings	finding	NOUN
hi-55	251	8	ø	ø	PROPN
hi-55	251	9	there	there	PRON
hi-55	251	10	exists	exist	VERB
hi-55	251	11	strong	strong	ADJ
hi-55	251	12	long	long	ADJ
hi-55	251	13	run	run	NOUN
hi-55	251	14	relationship	relationship	NOUN
hi-55	251	15	between	between	ADP
hi-55	251	16	exchange	exchange	NOUN
hi-55	251	17	rate	rate	NOUN
hi-55	251	18	volatility	volatility	NOUN
hi-55	251	19	and	and	CCONJ
hi-55	251	20	macroeconomic	macroeconomic	ADJ
hi-55	251	21	indicators	indicator	NOUN
hi-55	251	22	(	(	PUNCT
hi-55	251	23	arize	arize	VERB
hi-55	251	24	,	,	PUNCT
hi-55	251	25	osang	osang	PROPN
hi-55	251	26	&	&	CCONJ
hi-55	251	27	slottje	slottje	NOUN
hi-55	251	28	,	,	PUNCT
hi-55	251	29	2008	2008	NUM
hi-55	251	30	;	;	PUNCT
hi-55	251	31	calderon	calderon	NOUN
hi-55	251	32	,	,	PUNCT
hi-55	251	33	2004	2004	NUM
hi-55	251	34	;	;	PUNCT
hi-55	251	35	macdonald	macdonald	PROPN
hi-55	251	36	,	,	PUNCT
hi-55	251	37	1999	1999	NUM
hi-55	251	38	;	;	PUNCT
hi-55	251	39	morana	morana	NOUN
hi-55	251	40	,	,	PUNCT
hi-55	251	41	2009	2009	NUM
hi-55	251	42	;	;	PUNCT
hi-55	251	43	udoh	udoh	VERB
hi-55	251	44	et	et	PROPN
hi-55	251	45	al	al	PROPN
hi-55	251	46	.	.	PROPN
hi-55	251	47	,	,	PUNCT
hi-55	251	48	2012	2012	NUM
hi-55	251	49	)	)	PUNCT
hi-55	251	50	.	.	PUNCT
hi-55	252	1	however	however	ADV
hi-55	252	2	the	the	DET
hi-55	252	3	overall	overall	ADJ
hi-55	252	4	causality	causality	NOUN
hi-55	252	5	analysis	analysis	NOUN
hi-55	252	6	provides	provide	VERB
hi-55	252	7	the	the	DET
hi-55	252	8	evidence	evidence	NOUN
hi-55	252	9	of	of	ADP
hi-55	252	10	feeble	feeble	ADJ
hi-55	252	11	link	link	NOUN
hi-55	252	12	between	between	ADP
hi-55	252	13	exchange	exchange	NOUN
hi-55	252	14	rate	rate	NOUN
hi-55	252	15	volatility	volatility	NOUN
hi-55	252	16	and	and	CCONJ
hi-55	252	17	macroeconomic	macroeconomic	ADJ
hi-55	252	18	indicators	indicator	NOUN
hi-55	252	19	.	.	PUNCT
hi-55	253	1	ø	ø	NOUN
hi-55	253	2	the	the	DET
hi-55	253	3	study	study	NOUN
hi-55	253	4	provides	provide	VERB
hi-55	253	5	the	the	DET
hi-55	253	6	evidence	evidence	NOUN
hi-55	253	7	of	of	ADP
hi-55	253	8	strong	strong	ADJ
hi-55	253	9	relationship	relationship	NOUN
hi-55	253	10	between	between	ADP
hi-55	253	11	the	the	DET
hi-55	253	12	exchange	exchange	NOUN
hi-55	253	13	rate	rate	NOUN
hi-55	253	14	level	level	NOUN
hi-55	253	15	and	and	CCONJ
hi-55	253	16	selected	select	VERB
hi-55	253	17	macroeconomic	macroeconomic	ADJ
hi-55	253	18	variables	variable	NOUN
hi-55	253	19	in	in	ADP
hi-55	253	20	long	long	ADJ
hi-55	253	21	run	run	NOUN
hi-55	253	22	,	,	PUNCT
hi-55	253	23	short	short	ADJ
hi-55	253	24	run	run	NOUN
hi-55	253	25	and	and	CCONJ
hi-55	253	26	causality	causality	NOUN
hi-55	253	27	analysis	analysis	NOUN
hi-55	253	28	as	as	ADV
hi-55	253	29	well	well	ADV
hi-55	253	30	(	(	PUNCT
hi-55	253	31	the	the	DET
hi-55	253	32	findings	finding	NOUN
hi-55	253	33	are	be	AUX
hi-55	253	34	in	in	ADP
hi-55	253	35	line	line	NOUN
hi-55	253	36	with	with	ADP
hi-55	253	37	engel	engel	PROPN
hi-55	253	38	&	&	CCONJ
hi-55	253	39	west	west	PROPN
hi-55	253	40	,	,	PUNCT
hi-55	253	41	2005	2005	NUM
hi-55	253	42	;	;	PUNCT
hi-55	253	43	kim	kim	PROPN
hi-55	253	44	&	&	CCONJ
hi-55	253	45	mo	mo	PROPN
hi-55	253	46	,	,	PUNCT
hi-55	253	47	1995	1995	NUM
hi-55	253	48	;	;	PUNCT
hi-55	253	49	mark	mark	PROPN
hi-55	253	50	&	&	CCONJ
hi-55	253	51	sul	sul	PROPN
hi-55	253	52	,	,	PUNCT
hi-55	253	53	2001	2001	NUM
hi-55	253	54	;	;	PUNCT
hi-55	253	55	ojo	ojo	PROPN
hi-55	253	56	&	&	CCONJ
hi-55	253	57	alege	alege	PROPN
hi-55	253	58	,	,	PUNCT
hi-55	253	59	2014	2014	NUM
hi-55	253	60	;	;	PUNCT
hi-55	253	61	ramasamy	ramasamy	NOUN
hi-55	253	62	&	&	CCONJ
hi-55	253	63	abar	abar	PROPN
hi-55	253	64	,	,	PUNCT
hi-55	253	65	2015	2015	NUM
hi-55	253	66	;	;	PUNCT
hi-55	253	67	ricci	ricci	PROPN
hi-55	253	68	et	et	PROPN
hi-55	253	69	al	al	PROPN
hi-55	253	70	.	.	PROPN
hi-55	253	71	,	,	PUNCT
hi-55	253	72	2013	2013	NUM
hi-55	253	73	)	)	PUNCT
hi-55	253	74	.	.	PUNCT
hi-55	254	1	ø	ø	NOUN
hi-55	254	2	in	in	ADP
hi-55	254	3	long	long	ADJ
hi-55	254	4	run	run	NOUN
hi-55	254	5	period	period	NOUN
hi-55	254	6	of	of	ADP
hi-55	254	7	time	time	NOUN
hi-55	254	8	exchange	exchange	NOUN
hi-55	254	9	rate	rate	NOUN
hi-55	254	10	volatility	volatility	NOUN
hi-55	254	11	and	and	CCONJ
hi-55	254	12	exchange	exchange	NOUN
hi-55	254	13	rate	rate	NOUN
hi-55	254	14	level	level	NOUN
hi-55	254	15	both	both	PRON
hi-55	254	16	are	be	AUX
hi-55	254	17	substantially	substantially	ADV
hi-55	254	18	influenced	influence	VERB
hi-55	254	19	by	by	ADP
hi-55	254	20	the	the	DET
hi-55	254	21	selected	select	VERB
hi-55	254	22	set	set	NOUN
hi-55	254	23	of	of	ADP
hi-55	254	24	fundamental	fundamental	ADJ
hi-55	254	25	macroeconomic	macroeconomic	ADJ
hi-55	254	26	indicators	indicator	NOUN
hi-55	254	27	.	.	PUNCT
hi-55	255	1	thus	thus	ADV
hi-55	255	2	it	it	PRON
hi-55	255	3	is	be	AUX
hi-55	255	4	quite	quite	ADV
hi-55	255	5	justified	justified	ADJ
hi-55	255	6	to	to	PART
hi-55	255	7	say	say	VERB
hi-55	255	8	that	that	DET
hi-55	255	9	relationship	relationship	NOUN
hi-55	255	10	between	between	ADP
hi-55	255	11	exchange	exchange	NOUN
hi-55	255	12	rate	rate	NOUN
hi-55	255	13	behaviour	behaviour	NOUN
hi-55	255	14	(	(	PUNCT
hi-55	255	15	in	in	ADP
hi-55	255	16	terms	term	NOUN
hi-55	255	17	of	of	ADP
hi-55	255	18	volatility	volatility	NOUN
hi-55	255	19	and	and	CCONJ
hi-55	255	20	at	at	ADP
hi-55	255	21	level	level	NOUN
hi-55	255	22	)	)	PUNCT
hi-55	255	23	and	and	CCONJ
hi-55	255	24	macroeconomic	macroeconomic	ADJ
hi-55	255	25	indicators	indicator	NOUN
hi-55	255	26	is	be	AUX
hi-55	255	27	a	a	DET
hi-55	255	28	long	long	ADJ
hi-55	255	29	run	run	NOUN
hi-55	255	30	relationship	relationship	NOUN
hi-55	255	31	(	(	PUNCT
hi-55	255	32	the	the	DET
hi-55	255	33	findings	finding	NOUN
hi-55	255	34	are	be	AUX
hi-55	255	35	in	in	ADP
hi-55	255	36	line	line	NOUN
hi-55	255	37	with	with	ADP
hi-55	255	38	diamandis	diamandis	PROPN
hi-55	255	39	et	et	PROPN
hi-55	255	40	al	al	PROPN
hi-55	255	41	.	.	PROPN
hi-55	255	42	,	,	PUNCT
hi-55	255	43	2014	2014	NUM
hi-55	255	44	;	;	PUNCT
hi-55	255	45	lee	lee	PROPN
hi-55	255	46	-	-	PUNCT
hi-55	255	47	lee	lee	PROPN
hi-55	255	48	&	&	CCONJ
hi-55	255	49	hui	hui	PROPN
hi-55	255	50	-	-	PUNCT
hi-55	255	51	boon	boon	NOUN
hi-55	255	52	,	,	PUNCT
hi-55	255	53	2007	2007	NUM
hi-55	255	54	;	;	PUNCT
hi-55	255	55	macdonald	macdonald	PROPN
hi-55	255	56	,	,	PUNCT
hi-55	255	57	1999	1999	NUM
hi-55	255	58	;	;	PUNCT
hi-55	255	59	morana	morana	NOUN
hi-55	255	60	,	,	PUNCT
hi-55	255	61	2009	2009	NUM
hi-55	255	62	;	;	PUNCT
hi-55	255	63	vygodina	vygodina	PROPN
hi-55	255	64	et	et	PROPN
hi-55	255	65	al	al	PROPN
hi-55	255	66	.	.	PROPN
hi-55	255	67	,	,	PUNCT
hi-55	255	68	2008	2008	NUM
hi-55	255	69	)	)	PUNCT
hi-55	255	70	.	.	PUNCT
hi-55	256	1	ø	ø	PROPN
hi-55	257	1	the	the	DET
hi-55	257	2	pair	pair	NOUN
hi-55	257	3	wise	wise	ADJ
hi-55	257	4	causality	causality	NOUN
hi-55	257	5	analysis	analysis	NOUN
hi-55	257	6	also	also	ADV
hi-55	257	7	provide	provide	VERB
hi-55	257	8	the	the	DET
hi-55	257	9	evidence	evidence	NOUN
hi-55	257	10	of	of	ADP
hi-55	257	11	missing	miss	VERB
hi-55	257	12	link	link	NOUN
hi-55	257	13	between	between	ADP
hi-55	257	14	exchange	exchange	NOUN
hi-55	257	15	rate	rate	NOUN
hi-55	257	16	volatility	volatility	NOUN
hi-55	257	17	and	and	CCONJ
hi-55	257	18	macroeconomic	macroeconomic	ADJ
hi-55	257	19	variables	variable	NOUN
hi-55	257	20	,	,	PUNCT
hi-55	257	21	however	however	ADV
hi-55	257	22	,	,	PUNCT
hi-55	257	23	the	the	DET
hi-55	257	24	study	study	NOUN
hi-55	257	25	proved	prove	VERB
hi-55	257	26	the	the	DET
hi-55	257	27	evidence	evidence	NOUN
hi-55	257	28	of	of	ADP
hi-55	257	29	the	the	DET
hi-55	257	30	existence	existence	NOUN
hi-55	257	31	of	of	ADP
hi-55	257	32	cause	cause	NOUN
hi-55	257	33	and	and	CCONJ
hi-55	257	34	effect	effect	VERB
hi-55	257	35	relationship	relationship	NOUN
hi-55	257	36	between	between	ADP
hi-55	257	37	exchange	exchange	NOUN
hi-55	257	38	rate	rate	NOUN
hi-55	257	39	level	level	NOUN
hi-55	257	40	and	and	CCONJ
hi-55	257	41	macroeconomic	macroeconomic	ADJ
hi-55	257	42	indicators	indicator	NOUN
hi-55	257	43	.	.	PUNCT
hi-55	258	1	(	(	PUNCT
hi-55	258	2	see	see	VERB
hi-55	258	3	ahmad	ahmad	PROPN
hi-55	258	4	&	&	CCONJ
hi-55	258	5	ali	ali	PROPN
hi-55	258	6	,	,	PUNCT
hi-55	258	7	1999	1999	NUM
hi-55	258	8	;	;	PUNCT
hi-55	258	9	engel	engel	PROPN
hi-55	258	10	&	&	CCONJ
hi-55	258	11	west	west	PROPN
hi-55	258	12	,	,	PUNCT
hi-55	258	13	2005	2005	NUM
hi-55	258	14	;	;	PUNCT
hi-55	258	15	dlamini	dlamini	PROPN
hi-55	258	16	,	,	PUNCT
hi-55	258	17	2014	2014	NUM
hi-55	258	18	)	)	PUNCT
hi-55	258	19	.	.	PUNCT
hi-55	259	1	ø	ø	PROPN
hi-55	259	2	the	the	DET
hi-55	259	3	study	study	NOUN
hi-55	259	4	has	have	AUX
hi-55	259	5	proved	prove	VERB
hi-55	259	6	the	the	DET
hi-55	259	7	validity	validity	NOUN
hi-55	259	8	of	of	ADP
hi-55	259	9	fundamentals	fundamental	NOUN
hi-55	259	10	based	base	VERB
hi-55	259	11	macroeconomic	macroeconomic	ADJ
hi-55	259	12	models	model	NOUN
hi-55	259	13	of	of	ADP
hi-55	259	14	exchange	exchange	NOUN
hi-55	259	15	rate	rate	NOUN
hi-55	259	16	determination	determination	NOUN
hi-55	259	17	and	and	CCONJ
hi-55	259	18	negated	negate	VERB
hi-55	259	19	the	the	DET
hi-55	259	20	possibility	possibility	NOUN
hi-55	259	21	of	of	ADP
hi-55	259	22	exchange	exchange	NOUN
hi-55	259	23	rate	rate	NOUN
hi-55	259	24	disconnect	disconnect	NOUN
hi-55	259	25	in	in	ADP
hi-55	259	26	the	the	DET
hi-55	259	27	current	current	ADJ
hi-55	259	28	global	global	ADJ
hi-55	259	29	analysis	analysis	NOUN
hi-55	259	30	not	not	PART
hi-55	259	31	only	only	ADV
hi-55	259	32	in	in	ADP
hi-55	259	33	case	case	NOUN
hi-55	259	34	of	of	ADP
hi-55	259	35	exchange	exchange	NOUN
hi-55	259	36	rate	rate	NOUN
hi-55	259	37	level	level	NOUN
hi-55	259	38	but	but	CCONJ
hi-55	259	39	also	also	ADV
hi-55	259	40	for	for	ADP
hi-55	259	41	exchange	exchange	NOUN
hi-55	259	42	rate	rate	NOUN
hi-55	259	43	volatility	volatility	NOUN
hi-55	259	44	.	.	PUNCT
hi-55	260	1	90	90	NUM
hi-55	260	2	macroeconomics	macroeconomic	NOUN
hi-55	260	3	indicators	indicator	NOUN
hi-55	260	4	contributing	contribute	VERB
hi-55	260	5	...	...	PUNCT
hi-55	260	6	ø	ø	PROPN
hi-55	260	7	the	the	DET
hi-55	260	8	direction	direction	NOUN
hi-55	260	9	of	of	ADP
hi-55	260	10	the	the	DET
hi-55	260	11	relationship	relationship	NOUN
hi-55	260	12	between	between	ADP
hi-55	260	13	exchange	exchange	NOUN
hi-55	260	14	rate	rate	NOUN
hi-55	260	15	and	and	CCONJ
hi-55	260	16	macroeconomic	macroeconomic	ADJ
hi-55	260	17	indicators	indicator	NOUN
hi-55	260	18	(	(	PUNCT
hi-55	260	19	both	both	CCONJ
hi-55	260	20	in	in	ADP
hi-55	260	21	terms	term	NOUN
hi-55	260	22	of	of	ADP
hi-55	260	23	volatility	volatility	NOUN
hi-55	260	24	and	and	CCONJ
hi-55	260	25	level	level	NOUN
hi-55	260	26	)	)	PUNCT
hi-55	260	27	found	find	VERB
hi-55	260	28	sensitive	sensitive	ADJ
hi-55	260	29	to	to	ADP
hi-55	260	30	the	the	DET
hi-55	260	31	income	income	NOUN
hi-55	260	32	groups	group	NOUN
hi-55	260	33	(	(	PUNCT
hi-55	260	34	high	high	ADJ
hi-55	260	35	income	income	NOUN
hi-55	260	36	countries	country	NOUN
hi-55	260	37	,	,	PUNCT
hi-55	260	38	middle	middle	ADJ
hi-55	260	39	income	income	NOUN
hi-55	260	40	countries	country	NOUN
hi-55	260	41	and	and	CCONJ
hi-55	260	42	low	low	ADJ
hi-55	260	43	income	income	NOUN
hi-55	260	44	countries	country	NOUN
hi-55	260	45	)	)	PUNCT
hi-55	260	46	(	(	PUNCT
hi-55	260	47	the	the	DET
hi-55	260	48	results	result	NOUN
hi-55	260	49	are	be	AUX
hi-55	260	50	in	in	ADP
hi-55	260	51	line	line	NOUN
hi-55	260	52	with	with	ADP
hi-55	260	53	aydin	aydin	NOUN
hi-55	260	54	,	,	PUNCT
hi-55	260	55	2010	2010	NUM
hi-55	260	56	;	;	PUNCT
hi-55	260	57	bravo	bravo	PROPN
hi-55	260	58	-	-	PUNCT
hi-55	260	59	ortega	ortega	PROPN
hi-55	260	60	&	&	CCONJ
hi-55	260	61	giovnni	giovnni	PROPN
hi-55	260	62	,	,	PUNCT
hi-55	260	63	2006	2006	NUM
hi-55	260	64	;	;	PUNCT
hi-55	260	65	christiansen	christiansen	PROPN
hi-55	260	66	et	et	PROPN
hi-55	260	67	al	al	PROPN
hi-55	260	68	.	.	PROPN
hi-55	260	69	,	,	PUNCT
hi-55	260	70	2009	2009	NUM
hi-55	260	71	;	;	PUNCT
hi-55	260	72	devereux	devereux	PROPN
hi-55	260	73	&	&	CCONJ
hi-55	260	74	lane	lane	PROPN
hi-55	260	75	,	,	PUNCT
hi-55	260	76	2003	2003	NUM
hi-55	260	77	;	;	PUNCT
hi-55	260	78	dhasmana	dhasmana	PROPN
hi-55	260	79	,	,	PUNCT
hi-55	260	80	2012	2012	NUM
hi-55	260	81	;	;	PUNCT
hi-55	260	82	diallo	diallo	PROPN
hi-55	260	83	,	,	PUNCT
hi-55	260	84	2015	2015	NUM
hi-55	260	85	;	;	PUNCT
hi-55	260	86	santacreu	santacreu	NOUN
hi-55	260	87	,	,	PUNCT
hi-55	260	88	2015	2015	NUM
hi-55	260	89	;	;	PUNCT
hi-55	260	90	serven	serven	VERB
hi-55	260	91	,	,	PUNCT
hi-55	260	92	2003	2003	NUM
hi-55	260	93	;	;	PUNCT
hi-55	260	94	senadza	senadza	PROPN
hi-55	260	95	&	&	CCONJ
hi-55	260	96	diaba	diaba	PROPN
hi-55	260	97	,	,	PUNCT
hi-55	260	98	2017	2017	NUM
hi-55	260	99	)	)	PUNCT
hi-55	260	100	.	.	PUNCT
hi-55	261	1	bibliography	bibliography	PROPN
hi-55	261	2	acemoglu	acemoglu	PROPN
hi-55	261	3	,	,	PUNCT
hi-55	261	4	daron	daron	PROPN
hi-55	261	5	,	,	PUNCT
hi-55	261	6	simon	simon	PROPN
hi-55	261	7	johnson	johnson	PROPN
hi-55	261	8	,	,	PUNCT
hi-55	261	9	james	james	PROPN
hi-55	261	10	robinson	robinson	PROPN
hi-55	261	11	,	,	PUNCT
hi-55	261	12	and	and	CCONJ
hi-55	261	13	yunyong	yunyong	ADJ
hi-55	261	14	thaicharoen	thaicharoen	NOUN
hi-55	261	15	.	.	PUNCT
hi-55	262	1	“	"	PUNCT
hi-55	262	2	institutional	institutional	ADJ
hi-55	262	3	causes	cause	NOUN
hi-55	262	4	,	,	PUNCT
hi-55	262	5	macroeconomic	macroeconomic	ADJ
hi-55	262	6	symptoms	symptom	NOUN
hi-55	262	7	:	:	PUNCT
hi-55	262	8	volatility	volatility	NOUN
hi-55	262	9	,	,	PUNCT
hi-55	262	10	crises	crisis	NOUN
hi-55	262	11	and	and	CCONJ
hi-55	262	12	growth	growth	NOUN
hi-55	262	13	.	.	PUNCT
hi-55	262	14	”	"	PUNCT
hi-55	263	1	journal	journal	NOUN
hi-55	263	2	of	of	ADP
hi-55	263	3	monetary	monetary	ADJ
hi-55	263	4	economics	economic	NOUN
hi-55	263	5	50	50	NUM
hi-55	263	6	,	,	PUNCT
hi-55	263	7	no	no	INTJ
hi-55	263	8	.	.	NOUN
hi-55	263	9	1	1	NUM
hi-55	263	10	(	(	PUNCT
hi-55	263	11	2003	2003	NUM
hi-55	263	12	):	):	PUNCT
hi-55	263	13	49	49	NUM
hi-55	263	14	-	-	SYM
hi-55	263	15	123	123	NUM
hi-55	263	16	.	.	PUNCT
hi-55	264	1	ahmad	ahmad	PROPN
hi-55	264	2	,	,	PUNCT
hi-55	264	3	eatzaz	eatzaz	VERB
hi-55	264	4	,	,	PUNCT
hi-55	264	5	and	and	CCONJ
hi-55	264	6	saima	saima	PROPN
hi-55	264	7	ahmed	ahmed	PROPN
hi-55	264	8	ali	ali	PROPN
hi-55	264	9	.	.	PUNCT
hi-55	265	1	“	"	PUNCT
hi-55	265	2	exchange	exchange	NOUN
hi-55	265	3	rate	rate	NOUN
hi-55	265	4	and	and	CCONJ
hi-55	265	5	inflation	inflation	NOUN
hi-55	265	6	dynamics	dynamic	NOUN
hi-55	265	7	.	.	PUNCT
hi-55	265	8	”	"	PUNCT
hi-55	266	1	the	the	DET
hi-55	266	2	pakistan	pakistan	PROPN
hi-55	266	3	development	development	PROPN
hi-55	266	4	review	review	PROPN
hi-55	266	5	(	(	PUNCT
hi-55	266	6	1999	1999	NUM
hi-55	266	7	):	):	PUNCT
hi-55	266	8	235	235	NUM
hi-55	266	9	-	-	SYM
hi-55	266	10	251	251	NUM
hi-55	266	11	.	.	PUNCT
hi-55	266	12	aizenman	aizenman	NOUN
hi-55	266	13	,	,	PUNCT
hi-55	266	14	joshua	joshua	PROPN
hi-55	266	15	,	,	PUNCT
hi-55	266	16	and	and	CCONJ
hi-55	266	17	daniel	daniel	PROPN
hi-55	266	18	riera	riera	PROPN
hi-55	266	19	-	-	PUNCT
hi-55	266	20	crichton	crichton	PROPN
hi-55	266	21	.	.	PUNCT
hi-55	267	1	“	"	PUNCT
hi-55	267	2	real	real	ADJ
hi-55	267	3	exchange	exchange	NOUN
hi-55	267	4	rate	rate	NOUN
hi-55	267	5	and	and	CCONJ
hi-55	267	6	international	international	ADJ
hi-55	267	7	reserves	reserve	NOUN
hi-55	267	8	in	in	ADP
hi-55	267	9	an	an	DET
hi-55	267	10	era	era	NOUN
hi-55	267	11	of	of	ADP
hi-55	267	12	growing	grow	VERB
hi-55	267	13	financial	financial	ADJ
hi-55	267	14	and	and	CCONJ
hi-55	267	15	trade	trade	NOUN
hi-55	267	16	integration	integration	NOUN
hi-55	267	17	.	.	PUNCT
hi-55	267	18	”	"	PUNCT
hi-55	268	1	the	the	DET
hi-55	268	2	review	review	NOUN
hi-55	268	3	of	of	ADP
hi-55	268	4	economics	economic	NOUN
hi-55	268	5	and	and	CCONJ
hi-55	268	6	statistics	statistic	NOUN
hi-55	268	7	90	90	NUM
hi-55	268	8	,	,	PUNCT
hi-55	268	9	no	no	INTJ
hi-55	268	10	.	.	NOUN
hi-55	268	11	4	4	NUM
hi-55	268	12	(	(	PUNCT
hi-55	268	13	2008	2008	NUM
hi-55	268	14	):	):	PUNCT
hi-55	268	15	812	812	NUM
hi-55	268	16	-	-	SYM
hi-55	268	17	815	815	NUM
hi-55	268	18	.	.	PUNCT
hi-55	268	19	ali	ali	PROPN
hi-55	268	20	,	,	PUNCT
hi-55	268	21	tariq	tariq	PROPN
hi-55	268	22	mahmood	mahmood	PROPN
hi-55	268	23	,	,	PUNCT
hi-55	268	24	muhammad	muhammad	PROPN
hi-55	268	25	tariq	tariq	PROPN
hi-55	268	26	mahmood	mahmood	PROPN
hi-55	268	27	,	,	PUNCT
hi-55	268	28	and	and	CCONJ
hi-55	268	29	tariq	tariq	PROPN
hi-55	268	30	bashir	bashir	PROPN
hi-55	268	31	.	.	PUNCT
hi-55	269	1	“	"	PUNCT
hi-55	269	2	impact	impact	NOUN
hi-55	269	3	of	of	ADP
hi-55	269	4	interest	interest	NOUN
hi-55	269	5	rate	rate	NOUN
hi-55	269	6	,	,	PUNCT
hi-55	269	7	inflation	inflation	NOUN
hi-55	269	8	and	and	CCONJ
hi-55	269	9	money	money	NOUN
hi-55	269	10	supply	supply	NOUN
hi-55	269	11	on	on	ADP
hi-55	269	12	exchange	exchange	NOUN
hi-55	269	13	rate	rate	NOUN
hi-55	269	14	volatility	volatility	NOUN
hi-55	269	15	in	in	ADP
hi-55	269	16	pakistan	pakistan	PROPN
hi-55	269	17	.	.	PUNCT
hi-55	269	18	”	"	PUNCT
hi-55	270	1	world	world	NOUN
hi-55	270	2	applied	apply	VERB
hi-55	270	3	sciences	sciences	PROPN
hi-55	270	4	journal	journal	PROPN
hi-55	270	5	33	33	NUM
hi-55	270	6	,	,	PUNCT
hi-55	270	7	no	no	INTJ
hi-55	270	8	.	.	NOUN
hi-55	270	9	4	4	NUM
hi-55	270	10	(	(	PUNCT
hi-55	270	11	2015	2015	NUM
hi-55	270	12	):	):	PUNCT
hi-55	270	13	620	620	NUM
hi-55	270	14	-	-	SYM
hi-55	270	15	630	630	NUM
hi-55	270	16	.	.	PUNCT
hi-55	271	1	aliyu	aliyu	NOUN
hi-55	271	2	,	,	PUNCT
hi-55	271	3	shehu	shehu	PROPN
hi-55	271	4	usman	usman	PROPN
hi-55	271	5	rano	rano	PROPN
hi-55	271	6	.	.	PUNCT
hi-55	272	1	“	"	PUNCT
hi-55	272	2	impact	impact	NOUN
hi-55	272	3	of	of	ADP
hi-55	272	4	oil	oil	NOUN
hi-55	272	5	price	price	NOUN
hi-55	272	6	shock	shock	NOUN
hi-55	272	7	and	and	CCONJ
hi-55	272	8	exchange	exchange	NOUN
hi-55	272	9	rate	rate	NOUN
hi-55	272	10	volatility	volatility	NOUN
hi-55	272	11	on	on	ADP
hi-55	272	12	economic	economic	ADJ
hi-55	272	13	growth	growth	NOUN
hi-55	272	14	in	in	ADP
hi-55	272	15	nigeria	nigeria	PROPN
hi-55	272	16	:	:	PUNCT
hi-55	272	17	an	an	DET
hi-55	272	18	empirical	empirical	ADJ
hi-55	272	19	investigation	investigation	NOUN
hi-55	272	20	.	.	PUNCT
hi-55	272	21	”	"	PUNCT
hi-55	273	1	mpra	mpra	PROPN
hi-55	273	2	paper	paper	PROPN
hi-55	273	3	no	no	PROPN
hi-55	273	4	.	.	PROPN
hi-55	273	5	16319	16319	NUM
hi-55	273	6	,	,	PUNCT
hi-55	273	7	munich	munich	PROPN
hi-55	273	8	:	:	PUNCT
hi-55	273	9	university	university	NOUN
hi-55	273	10	library	library	NOUN
hi-55	273	11	of	of	ADP
hi-55	273	12	munich	munich	PROPN
hi-55	273	13	,	,	PUNCT
hi-55	273	14	germany	germany	PROPN
hi-55	273	15	,	,	PUNCT
hi-55	273	16	2009	2009	NUM
hi-55	273	17	:	:	PUNCT
hi-55	273	18	4	4	NUM
hi-55	273	19	-	-	SYM
hi-55	273	20	15	15	NUM
hi-55	273	21	.	.	PUNCT
hi-55	274	1	arabi	arabi	NOUN
hi-55	274	2	,	,	PUNCT
hi-55	274	3	khalafalla	khalafalla	PROPN
hi-55	274	4	ahmed	ahmed	PROPN
hi-55	274	5	mohamed	mohamed	PROPN
hi-55	274	6	.	.	PUNCT
hi-55	275	1	“	"	PUNCT
hi-55	275	2	estimation	estimation	NOUN
hi-55	275	3	of	of	ADP
hi-55	275	4	exchange	exchange	NOUN
hi-55	275	5	rate	rate	NOUN
hi-55	275	6	volatility	volatility	NOUN
hi-55	275	7	via	via	ADP
hi-55	275	8	garch	garch	NOUN
hi-55	275	9	model	model	NOUN
hi-55	275	10	case	case	NOUN
hi-55	275	11	study	study	PROPN
hi-55	275	12	sudan	sudan	PROPN
hi-55	275	13	(	(	PUNCT
hi-55	275	14	1978	1978	NUM
hi-55	275	15	-	-	SYM
hi-55	275	16	2009	2009	NUM
hi-55	275	17	)	)	PUNCT
hi-55	275	18	.	.	PUNCT
hi-55	275	19	”	"	PUNCT
hi-55	276	1	international	international	ADJ
hi-55	276	2	journal	journal	NOUN
hi-55	276	3	of	of	ADP
hi-55	276	4	economics	economic	NOUN
hi-55	276	5	and	and	CCONJ
hi-55	276	6	finance	finance	NOUN
hi-55	276	7	4	4	NUM
hi-55	276	8	,	,	PUNCT
hi-55	276	9	no	no	INTJ
hi-55	276	10	.	.	NOUN
hi-55	276	11	11	11	NUM
hi-55	276	12	(	(	PUNCT
hi-55	276	13	2012	2012	NUM
hi-55	276	14	):	):	PUNCT
hi-55	276	15	183	183	NUM
hi-55	276	16	-	-	SYM
hi-55	276	17	192	192	NUM
hi-55	276	18	.	.	PUNCT
hi-55	277	1	arize	arize	NOUN
hi-55	277	2	,	,	PUNCT
hi-55	277	3	augustine	augustine	PROPN
hi-55	277	4	c.	c.	PROPN
hi-55	277	5	,	,	PUNCT
hi-55	277	6	thomas	thomas	PROPN
hi-55	277	7	osang	osang	PROPN
hi-55	277	8	,	,	PUNCT
hi-55	277	9	and	and	CCONJ
hi-55	277	10	daniel	daniel	PROPN
hi-55	277	11	j.	j.	PROPN
hi-55	277	12	slottje	slottje	PROPN
hi-55	277	13	.	.	PUNCT
hi-55	278	1	“	"	PUNCT
hi-55	278	2	exchange	exchange	NOUN
hi-55	278	3	-	-	PUNCT
hi-55	278	4	rate	rate	NOUN
hi-55	278	5	volatility	volatility	NOUN
hi-55	278	6	and	and	CCONJ
hi-55	278	7	foreign	foreign	ADJ
hi-55	278	8	trade	trade	NOUN
hi-55	278	9	:	:	PUNCT
hi-55	278	10	evidence	evidence	NOUN
hi-55	278	11	from	from	ADP
hi-55	278	12	thirteen	thirteen	NUM
hi-55	278	13	ldc	ldc	PROPN
hi-55	278	14	’s	’s	NOUN
hi-55	278	15	.	.	PUNCT
hi-55	278	16	”	"	PUNCT
hi-55	278	17	journal	journal	NOUN
hi-55	278	18	of	of	ADP
hi-55	278	19	business	business	PROPN
hi-55	278	20	&	&	CCONJ
hi-55	278	21	economic	economic	ADJ
hi-55	278	22	statistics	statistic	NOUN
hi-55	278	23	18	18	NUM
hi-55	278	24	,	,	PUNCT
hi-55	278	25	no	no	INTJ
hi-55	278	26	.	.	NOUN
hi-55	278	27	1	1	NUM
hi-55	278	28	(	(	PUNCT
hi-55	278	29	2000	2000	NUM
hi-55	278	30	):	):	PUNCT
hi-55	278	31	10	10	NUM
hi-55	278	32	-	-	SYM
hi-55	278	33	17	17	NUM
hi-55	278	34	.	.	PUNCT
hi-55	279	1	arize	arize	NOUN
hi-55	279	2	,	,	PUNCT
hi-55	279	3	augustine	augustine	PROPN
hi-55	279	4	c.	c.	PROPN
hi-55	279	5	,	,	PUNCT
hi-55	279	6	thomas	thomas	PROPN
hi-55	279	7	osang	osang	PROPN
hi-55	279	8	,	,	PUNCT
hi-55	279	9	and	and	CCONJ
hi-55	279	10	daniel	daniel	PROPN
hi-55	279	11	j.	j.	PROPN
hi-55	279	12	slottje	slottje	PROPN
hi-55	279	13	.	.	PUNCT
hi-55	280	1	“	"	PUNCT
hi-55	280	2	exchange	exchange	NOUN
hi-55	280	3	-	-	PUNCT
hi-55	280	4	rate	rate	NOUN
hi-55	280	5	volatility	volatility	NOUN
hi-55	280	6	in	in	ADP
hi-55	280	7	latin	latin	PROPN
hi-55	280	8	america	america	PROPN
hi-55	280	9	and	and	CCONJ
hi-55	280	10	its	its	PRON
hi-55	280	11	impact	impact	NOUN
hi-55	280	12	on	on	ADP
hi-55	280	13	foreign	foreign	ADJ
hi-55	280	14	trade	trade	NOUN
hi-55	280	15	.	.	PUNCT
hi-55	280	16	”	"	PUNCT
hi-55	281	1	international	international	ADJ
hi-55	281	2	review	review	NOUN
hi-55	281	3	of	of	ADP
hi-55	281	4	economics	economic	NOUN
hi-55	281	5	&	&	CCONJ
hi-55	281	6	finance	finance	PROPN
hi-55	281	7	17	17	NUM
hi-55	281	8	,	,	PUNCT
hi-55	281	9	no	no	INTJ
hi-55	281	10	.	.	NOUN
hi-55	281	11	1	1	NUM
hi-55	281	12	(	(	PUNCT
hi-55	281	13	2008	2008	NUM
hi-55	281	14	):	):	PUNCT
hi-55	281	15	33	33	NUM
hi-55	281	16	-	-	SYM
hi-55	281	17	44	44	NUM
hi-55	281	18	.	.	PUNCT
hi-55	282	1	arratibel	arratibel	PROPN
hi-55	282	2	,	,	PUNCT
hi-55	282	3	olga	olga	PROPN
hi-55	282	4	,	,	PUNCT
hi-55	282	5	davide	davide	PROPN
hi-55	282	6	furceri	furceri	PROPN
hi-55	282	7	,	,	PUNCT
hi-55	282	8	reiner	reiner	PROPN
hi-55	282	9	martin	martin	PROPN
hi-55	282	10	,	,	PUNCT
hi-55	282	11	and	and	CCONJ
hi-55	282	12	aleksandra	aleksandra	PROPN
hi-55	282	13	zdzienicka	zdzienicka	PROPN
hi-55	282	14	.	.	PUNCT
hi-55	283	1	“	"	PUNCT
hi-55	283	2	the	the	DET
hi-55	283	3	effect	effect	NOUN
hi-55	283	4	of	of	ADP
hi-55	283	5	nominal	nominal	ADJ
hi-55	283	6	exchange	exchange	NOUN
hi-55	283	7	rate	rate	NOUN
hi-55	283	8	volatility	volatility	NOUN
hi-55	283	9	on	on	ADP
hi-55	283	10	real	real	ADJ
hi-55	283	11	macroeconomic	macroeconomic	ADJ
hi-55	283	12	performance	performance	NOUN
hi-55	283	13	in	in	ADP
hi-55	283	14	the	the	DET
hi-55	283	15	cee	cee	NOUN
hi-55	283	16	countries	country	NOUN
hi-55	283	17	.	.	PUNCT
hi-55	283	18	”	"	PUNCT
hi-55	284	1	economic	economic	ADJ
hi-55	284	2	systems	system	NOUN
hi-55	284	3	35	35	NUM
hi-55	284	4	,	,	PUNCT
hi-55	284	5	no	no	INTJ
hi-55	284	6	.	.	NOUN
hi-55	284	7	2	2	NUM
hi-55	284	8	(	(	PUNCT
hi-55	284	9	2011	2011	NUM
hi-55	284	10	):	):	PUNCT
hi-55	284	11	261	261	NUM
hi-55	284	12	-	-	SYM
hi-55	284	13	277	277	NUM
hi-55	284	14	.	.	PUNCT
hi-55	285	1	aydin	aydin	NOUN
hi-55	285	2	,	,	PUNCT
hi-55	285	3	burcu	burcu	NOUN
hi-55	285	4	.	.	PUNCT
hi-55	286	1	exchange	exchange	NOUN
hi-55	286	2	rate	rate	NOUN
hi-55	286	3	assessment	assessment	NOUN
hi-55	286	4	for	for	ADP
hi-55	286	5	sub	sub	ADJ
hi-55	286	6	-	-	ADJ
hi-55	286	7	saharan	saharan	ADJ
hi-55	286	8	economies	economy	NOUN
hi-55	286	9	.	.	PUNCT
hi-55	287	1	no	no	INTJ
hi-55	287	2	.	.	NOUN
hi-55	288	1	10	10	NUM
hi-55	288	2	-	-	SYM
hi-55	288	3	162	162	NUM
hi-55	288	4	.	.	PUNCT
hi-55	289	1	international	international	ADJ
hi-55	289	2	monetary	monetary	ADJ
hi-55	289	3	fund	fund	NOUN
hi-55	289	4	,	,	PUNCT
hi-55	289	5	2010	2010	NUM
hi-55	289	6	.	.	PUNCT
hi-55	290	1	azeez	azeez	PROPN
hi-55	290	2	,	,	PUNCT
hi-55	290	3	b.	b.	PROPN
hi-55	290	4	a.	a.	PROPN
hi-55	290	5	,	,	PUNCT
hi-55	290	6	funso	funso	PROPN
hi-55	290	7	t.	t.	PROPN
hi-55	290	8	kolapo	kolapo	PROPN
hi-55	290	9	,	,	PUNCT
hi-55	290	10	and	and	CCONJ
hi-55	290	11	l.	l.	PROPN
hi-55	290	12	b.	b.	PROPN
hi-55	290	13	ajayi	ajayi	PROPN
hi-55	290	14	.	.	PUNCT
hi-55	291	1	“	"	PUNCT
hi-55	291	2	effect	effect	NOUN
hi-55	291	3	of	of	ADP
hi-55	291	4	exchange	exchange	NOUN
hi-55	291	5	rate	rate	NOUN
hi-55	291	6	volatility	volatility	NOUN
hi-55	291	7	on	on	ADP
hi-55	291	8	macroeconomic	macroeconomic	ADJ
hi-55	291	9	performance	performance	NOUN
hi-55	291	10	in	in	ADP
hi-55	291	11	nigeria	nigeria	PROPN
hi-55	291	12	.	.	PUNCT
hi-55	291	13	”	"	PUNCT
hi-55	291	14	interdisciplinary	interdisciplinary	ADJ
hi-55	291	15	journal	journal	NOUN
hi-55	291	16	of	of	ADP
hi-55	291	17	contemporary	contemporary	ADJ
hi-55	291	18	research	research	NOUN
hi-55	291	19	in	in	ADP
hi-55	291	20	business	business	NOUN
hi-55	291	21	4	4	NUM
hi-55	291	22	,	,	PUNCT
hi-55	291	23	no	no	INTJ
hi-55	291	24	.	.	NOUN
hi-55	291	25	1	1	NUM
hi-55	291	26	(	(	PUNCT
hi-55	291	27	2012	2012	NUM
hi-55	291	28	):	):	PUNCT
hi-55	291	29	149	149	NUM
hi-55	291	30	-	-	SYM
hi-55	291	31	155	155	NUM
hi-55	291	32	.	.	PUNCT
hi-55	292	1	azid	azid	PROPN
hi-55	292	2	,	,	PUNCT
hi-55	292	3	toseef	toseef	PROPN
hi-55	292	4	,	,	PUNCT
hi-55	292	5	muhammad	muhammad	PROPN
hi-55	292	6	jamil	jamil	PROPN
hi-55	292	7	,	,	PUNCT
hi-55	292	8	aneela	aneela	PROPN
hi-55	292	9	kousar	kousar	PROPN
hi-55	292	10	,	,	PUNCT
hi-55	292	11	and	and	CCONJ
hi-55	292	12	m.	m.	PROPN
hi-55	292	13	ali	ali	PROPN
hi-55	292	14	kemal	kemal	PROPN
hi-55	292	15	.	.	PUNCT
hi-55	293	1	“	"	PUNCT
hi-55	293	2	impact	impact	NOUN
hi-55	293	3	of	of	ADP
hi-55	293	4	exchange	exchange	NOUN
hi-55	293	5	rate	rate	NOUN
hi-55	293	6	volatility	volatility	NOUN
hi-55	293	7	on	on	ADP
hi-55	293	8	growth	growth	NOUN
hi-55	293	9	and	and	CCONJ
hi-55	293	10	economic	economic	ADJ
hi-55	293	11	performance	performance	NOUN
hi-55	293	12	:	:	PUNCT
hi-55	293	13	a	a	DET
hi-55	293	14	case	case	NOUN
hi-55	293	15	study	study	NOUN
hi-55	293	16	of	of	ADP
hi-55	293	17	hamdard	hamdard	ADJ
hi-55	293	18	islamicus	islamicus	NOUN
hi-55	293	19	vol	vol	NOUN
hi-55	293	20	.	.	PUNCT
hi-55	294	1	xliii	xliii	PROPN
hi-55	294	2	,	,	PUNCT
hi-55	294	3	no	no	INTJ
hi-55	294	4	.	.	NOUN
hi-55	294	5	3	3	NUM
hi-55	294	6	91	91	NUM
hi-55	294	7	pakistan	pakistan	ADJ
hi-55	294	8	,	,	PUNCT
hi-55	294	9	1973	1973	NUM
hi-55	294	10	-	-	SYM
hi-55	294	11	2003	2003	NUM
hi-55	294	12	.	.	PUNCT
hi-55	294	13	”	"	PUNCT
hi-55	295	1	the	the	DET
hi-55	295	2	pakistan	pakistan	PROPN
hi-55	295	3	development	development	PROPN
hi-55	295	4	review	review	PROPN
hi-55	295	5	(	(	PUNCT
hi-55	295	6	2005	2005	NUM
hi-55	295	7	):	):	PUNCT
hi-55	295	8	749	749	NUM
hi-55	295	9	-	-	SYM
hi-55	295	10	775	775	NUM
hi-55	295	11	.	.	PUNCT
hi-55	296	1	babtlett	babtlett	NOUN
hi-55	296	2	,	,	PUNCT
hi-55	296	3	m.	m.	NOUN
hi-55	296	4	s.	s.	PROPN
hi-55	297	1	“	"	PUNCT
hi-55	297	2	smoothing	smooth	VERB
hi-55	297	3	periodograms	periodogram	NOUN
hi-55	297	4	from	from	ADP
hi-55	297	5	time	time	NOUN
hi-55	297	6	-	-	PUNCT
hi-55	297	7	series	series	NOUN
hi-55	297	8	with	with	ADP
hi-55	297	9	continuous	continuous	ADJ
hi-55	297	10	spectra	spectra	NOUN
hi-55	297	11	.	.	PUNCT
hi-55	297	12	”	"	PUNCT
hi-55	297	13	nature	nature	NOUN
hi-55	297	14	161	161	NUM
hi-55	297	15	,	,	PUNCT
hi-55	297	16	no	no	INTJ
hi-55	297	17	.	.	NOUN
hi-55	297	18	4096	4096	NUM
hi-55	297	19	(	(	PUNCT
hi-55	297	20	1948	1948	NUM
hi-55	297	21	):	):	PUNCT
hi-55	297	22	686	686	NUM
hi-55	297	23	-	-	SYM
hi-55	297	24	687	687	NUM
hi-55	297	25	.	.	PUNCT
hi-55	297	26	benetrix	benetrix	NOUN
hi-55	297	27	,	,	PUNCT
hi-55	297	28	agustin	agustin	PROPN
hi-55	297	29	s.	s.	PROPN
hi-55	297	30	,	,	PUNCT
hi-55	297	31	and	and	CCONJ
hi-55	297	32	philip	philip	PROPN
hi-55	297	33	r.	r.	PROPN
hi-55	297	34	lane	lane	PROPN
hi-55	297	35	.	.	PUNCT
hi-55	298	1	“	"	PUNCT
hi-55	298	2	fiscal	fiscal	ADJ
hi-55	298	3	shocks	shock	NOUN
hi-55	298	4	and	and	CCONJ
hi-55	298	5	the	the	DET
hi-55	298	6	real	real	ADJ
hi-55	298	7	exchange	exchange	NOUN
hi-55	298	8	rate	rate	NOUN
hi-55	298	9	.	.	PUNCT
hi-55	298	10	”	"	PUNCT
hi-55	299	1	international	international	ADJ
hi-55	299	2	journal	journal	NOUN
hi-55	299	3	of	of	ADP
hi-55	299	4	central	central	ADJ
hi-55	299	5	banking	banking	NOUN
hi-55	299	6	9	9	NUM
hi-55	299	7	,	,	PUNCT
hi-55	299	8	no	no	INTJ
hi-55	299	9	.	.	NOUN
hi-55	299	10	3	3	NUM
hi-55	299	11	(	(	PUNCT
hi-55	299	12	2013	2013	NUM
hi-55	299	13	):	):	PUNCT
hi-55	299	14	6	6	NUM
hi-55	299	15	-	-	SYM
hi-55	299	16	37	37	NUM
hi-55	299	17	.	.	PUNCT
hi-55	300	1	bilson	bilson	PROPN
hi-55	300	2	,	,	PUNCT
hi-55	300	3	john	john	PROPN
hi-55	300	4	fo	fo	PROPN
hi-55	300	5	.	.	PUNCT
hi-55	301	1	“	"	PUNCT
hi-55	301	2	the	the	DET
hi-55	301	3	monetary	monetary	ADJ
hi-55	301	4	approach	approach	NOUN
hi-55	301	5	to	to	ADP
hi-55	301	6	the	the	DET
hi-55	301	7	exchange	exchange	NOUN
hi-55	301	8	rate	rate	NOUN
hi-55	301	9	:	:	PUNCT
hi-55	301	10	some	some	DET
hi-55	301	11	empirical	empirical	ADJ
hi-55	301	12	evidence	evidence	NOUN
hi-55	301	13	.	.	PUNCT
hi-55	301	14	”	"	PUNCT
hi-55	302	1	imf	imf	PROPN
hi-55	302	2	staff	staff	NOUN
hi-55	302	3	papers	paper	NOUN
hi-55	302	4	25	25	NUM
hi-55	302	5	,	,	PUNCT
hi-55	302	6	no	no	INTJ
hi-55	302	7	.	.	NOUN
hi-55	302	8	1	1	NUM
hi-55	302	9	(	(	PUNCT
hi-55	302	10	1978	1978	NUM
hi-55	302	11	):	):	PUNCT
hi-55	302	12	48	48	NUM
hi-55	302	13	-	-	SYM
hi-55	302	14	75	75	NUM
hi-55	302	15	.	.	PUNCT
hi-55	303	1	bobai	bobai	PROPN
hi-55	303	2	,	,	PUNCT
hi-55	303	3	francis	francis	PROPN
hi-55	303	4	danjuma	danjuma	PROPN
hi-55	303	5	,	,	PUNCT
hi-55	303	6	shuaibu	shuaibu	ADJ
hi-55	303	7	ubangida	ubangida	NOUN
hi-55	303	8	,	,	PUNCT
hi-55	303	9	and	and	CCONJ
hi-55	303	10	y.	y.	PROPN
hi-55	303	11	s.	s.	PROPN
hi-55	303	12	umar	umar	PROPN
hi-55	303	13	.	.	PUNCT
hi-55	304	1	“	"	PUNCT
hi-55	304	2	an	an	DET
hi-55	304	3	assessment	assessment	NOUN
hi-55	304	4	of	of	ADP
hi-55	304	5	exchange	exchange	NOUN
hi-55	304	6	rate	rate	NOUN
hi-55	304	7	volatility	volatility	NOUN
hi-55	304	8	and	and	CCONJ
hi-55	304	9	inflation	inflation	NOUN
hi-55	304	10	in	in	ADP
hi-55	304	11	nigeria	nigeria	PROPN
hi-55	304	12	.	.	PUNCT
hi-55	304	13	”	"	PUNCT
hi-55	305	1	journal	journal	NOUN
hi-55	305	2	of	of	ADP
hi-55	305	3	emerging	emerge	VERB
hi-55	305	4	issues	issue	NOUN
hi-55	305	5	in	in	ADP
hi-55	305	6	economics	economic	NOUN
hi-55	305	7	,	,	PUNCT
hi-55	305	8	finance	finance	NOUN
hi-55	305	9	and	and	CCONJ
hi-55	305	10	banking	banking	NOUN
hi-55	305	11	1	1	NUM
hi-55	305	12	,	,	PUNCT
hi-55	305	13	no	no	INTJ
hi-55	305	14	.	.	NOUN
hi-55	305	15	4	4	NUM
hi-55	305	16	(	(	PUNCT
hi-55	305	17	2013	2013	NUM
hi-55	305	18	):	):	PUNCT
hi-55	305	19	321	321	NUM
hi-55	305	20	-	-	SYM
hi-55	305	21	340	340	NUM
hi-55	305	22	.	.	PUNCT
hi-55	306	1	bravo	bravo	PROPN
hi-55	306	2	-	-	PUNCT
hi-55	306	3	ortega	ortega	PROPN
hi-55	306	4	,	,	PUNCT
hi-55	306	5	claudio	claudio	NOUN
hi-55	306	6	,	,	PUNCT
hi-55	306	7	and	and	CCONJ
hi-55	306	8	julian	julian	PROPN
hi-55	306	9	di	di	PROPN
hi-55	306	10	giovanni	giovanni	PROPN
hi-55	306	11	.	.	PUNCT
hi-55	307	1	“	"	PUNCT
hi-55	307	2	remoteness	remoteness	NOUN
hi-55	307	3	and	and	CCONJ
hi-55	307	4	real	real	ADJ
hi-55	307	5	exchange	exchange	NOUN
hi-55	307	6	rate	rate	NOUN
hi-55	307	7	volatility	volatility	NOUN
hi-55	307	8	.	.	PUNCT
hi-55	307	9	”	"	PUNCT
hi-55	308	1	imf	imf	PROPN
hi-55	308	2	staff	staff	NOUN
hi-55	308	3	papers	paper	NOUN
hi-55	308	4	53	53	NUM
hi-55	308	5	,	,	PUNCT
hi-55	308	6	no	no	INTJ
hi-55	308	7	.	.	NOUN
hi-55	308	8	1	1	NUM
hi-55	308	9	(	(	PUNCT
hi-55	308	10	2006	2006	NUM
hi-55	308	11	):	):	PUNCT
hi-55	308	12	115	115	NUM
hi-55	308	13	-	-	SYM
hi-55	308	14	132	132	NUM
hi-55	308	15	.	.	PUNCT
hi-55	309	1	cakrani	cakrani	PROPN
hi-55	309	2	,	,	PUNCT
hi-55	309	3	edmira	edmira	PROPN
hi-55	309	4	,	,	PUNCT
hi-55	309	5	pranvera	pranvera	NOUN
hi-55	309	6	resulaj	resulaj	NOUN
hi-55	309	7	,	,	PUNCT
hi-55	309	8	and	and	CCONJ
hi-55	309	9	luciana	luciana	PROPN
hi-55	309	10	koprencka	koprencka	PROPN
hi-55	309	11	.	.	PUNCT
hi-55	310	1	“	"	PUNCT
hi-55	310	2	government	government	NOUN
hi-55	310	3	spending	spending	NOUN
hi-55	310	4	and	and	CCONJ
hi-55	310	5	real	real	ADJ
hi-55	310	6	exchange	exchange	NOUN
hi-55	310	7	rate	rate	NOUN
hi-55	310	8	case	case	NOUN
hi-55	310	9	of	of	ADP
hi-55	310	10	albania	albania	PROPN
hi-55	310	11	.	.	PUNCT
hi-55	310	12	”	"	PUNCT
hi-55	311	1	european	european	PROPN
hi-55	311	2	journal	journal	PROPN
hi-55	311	3	of	of	ADP
hi-55	311	4	sustainable	sustainable	ADJ
hi-55	311	5	development	development	NOUN
hi-55	311	6	2	2	NUM
hi-55	311	7	,	,	PUNCT
hi-55	311	8	no	no	INTJ
hi-55	311	9	.	.	NOUN
hi-55	311	10	4	4	NUM
hi-55	311	11	(	(	PUNCT
hi-55	311	12	2013	2013	NUM
hi-55	311	13	):	):	PUNCT
hi-55	311	14	303	303	NUM
hi-55	311	15	-	-	SYM
hi-55	311	16	310	310	NUM
hi-55	311	17	.	.	PUNCT
hi-55	311	18	calderon	calderon	PROPN
hi-55	311	19	,	,	PUNCT
hi-55	311	20	cesar	cesar	NOUN
hi-55	311	21	augusto	augusto	PROPN
hi-55	311	22	,	,	PUNCT
hi-55	311	23	alberto	alberto	PROPN
hi-55	311	24	chong	chong	PROPN
hi-55	311	25	,	,	PUNCT
hi-55	311	26	and	and	CCONJ
hi-55	311	27	norman	norman	PROPN
hi-55	311	28	v.	v.	PROPN
hi-55	311	29	loayza	loayza	PROPN
hi-55	311	30	.	.	PUNCT
hi-55	312	1	“	"	PUNCT
hi-55	312	2	determinants	determinant	NOUN
hi-55	312	3	of	of	ADP
hi-55	312	4	current	current	ADJ
hi-55	312	5	account	account	NOUN
hi-55	312	6	deficits	deficit	NOUN
hi-55	312	7	in	in	ADP
hi-55	312	8	developing	develop	VERB
hi-55	312	9	countries	country	NOUN
hi-55	312	10	.	.	PUNCT
hi-55	312	11	”	"	PUNCT
hi-55	313	1	the	the	DET
hi-55	313	2	be	be	PROPN
hi-55	313	3	journal	journal	NOUN
hi-55	313	4	of	of	ADP
hi-55	313	5	macroeconomics	macroeconomic	NOUN
hi-55	313	6	2	2	NUM
hi-55	313	7	,	,	PUNCT
hi-55	313	8	no	no	INTJ
hi-55	313	9	.	.	NOUN
hi-55	313	10	1	1	NUM
hi-55	313	11	(	(	PUNCT
hi-55	313	12	2002	2002	NUM
hi-55	313	13	)	)	PUNCT
hi-55	313	14	.	.	PUNCT
hi-55	314	1	calderon	calderon	PROPN
hi-55	314	2	,	,	PUNCT
hi-55	314	3	cesar	cesar	PROPN
hi-55	314	4	.	.	PUNCT
hi-55	315	1	“	"	PUNCT
hi-55	315	2	trade	trade	NOUN
hi-55	315	3	openness	openness	NOUN
hi-55	315	4	and	and	CCONJ
hi-55	315	5	real	real	ADJ
hi-55	315	6	exchange	exchange	NOUN
hi-55	315	7	rate	rate	NOUN
hi-55	315	8	volatility	volatility	NOUN
hi-55	315	9	:	:	PUNCT
hi-55	315	10	panel	panel	NOUN
hi-55	315	11	data	datum	NOUN
hi-55	315	12	evidence	evidence	NOUN
hi-55	315	13	.	.	PUNCT
hi-55	315	14	”	"	PUNCT
hi-55	316	1	working	work	VERB
hi-55	316	2	paper	paper	NOUN
hi-55	316	3	294	294	NUM
hi-55	316	4	.	.	PUNCT
hi-55	317	1	central	central	ADJ
hi-55	317	2	bank	bank	PROPN
hi-55	317	3	of	of	ADP
hi-55	317	4	chile	chile	PROPN
hi-55	317	5	,	,	PUNCT
hi-55	317	6	2004	2004	NUM
hi-55	317	7	.	.	PUNCT
hi-55	318	1	canzoneri	canzoneri	PROPN
hi-55	318	2	,	,	PUNCT
hi-55	318	3	matthew	matthew	PROPN
hi-55	318	4	b.	b.	PROPN
hi-55	318	5	,	,	PUNCT
hi-55	318	6	robert	robert	PROPN
hi-55	318	7	e.	e.	PROPN
hi-55	318	8	cumby	cumby	PROPN
hi-55	318	9	,	,	PUNCT
hi-55	318	10	and	and	CCONJ
hi-55	318	11	behzad	behzad	PROPN
hi-55	318	12	diba	diba	PROPN
hi-55	318	13	.	.	PUNCT
hi-55	319	1	“	"	PUNCT
hi-55	319	2	relative	relative	ADJ
hi-55	319	3	labor	labor	NOUN
hi-55	319	4	productivity	productivity	NOUN
hi-55	319	5	and	and	CCONJ
hi-55	319	6	the	the	DET
hi-55	319	7	real	real	ADJ
hi-55	319	8	exchange	exchange	NOUN
hi-55	319	9	rate	rate	NOUN
hi-55	319	10	in	in	ADP
hi-55	319	11	the	the	DET
hi-55	319	12	long	long	ADJ
hi-55	319	13	run	run	NOUN
hi-55	319	14	:	:	PUNCT
hi-55	319	15	evidence	evidence	NOUN
hi-55	319	16	for	for	ADP
hi-55	319	17	a	a	DET
hi-55	319	18	panel	panel	NOUN
hi-55	319	19	of	of	ADP
hi-55	319	20	oecd	oecd	PROPN
hi-55	319	21	countries	country	NOUN
hi-55	319	22	.	.	PUNCT
hi-55	319	23	”	"	PUNCT
hi-55	320	1	journal	journal	NOUN
hi-55	320	2	of	of	ADP
hi-55	320	3	international	international	ADJ
hi-55	320	4	economics	economic	NOUN
hi-55	320	5	47	47	NUM
hi-55	320	6	,	,	PUNCT
hi-55	320	7	no	no	INTJ
hi-55	320	8	.	.	NOUN
hi-55	320	9	2	2	NUM
hi-55	320	10	(	(	PUNCT
hi-55	320	11	1999	1999	NUM
hi-55	320	12	):	):	PUNCT
hi-55	320	13	245	245	NUM
hi-55	320	14	-	-	SYM
hi-55	320	15	266	266	NUM
hi-55	320	16	.	.	PUNCT
hi-55	321	1	choudhri	choudhri	PROPN
hi-55	321	2	,	,	PUNCT
hi-55	321	3	ehsan	ehsan	PROPN
hi-55	321	4	u.	u.	PROPN
hi-55	321	5	,	,	PUNCT
hi-55	321	6	and	and	CCONJ
hi-55	321	7	mohsin	mohsin	PROPN
hi-55	321	8	s.	s.	PROPN
hi-55	321	9	khan	khan	PROPN
hi-55	321	10	.	.	PUNCT
hi-55	322	1	“	"	PUNCT
hi-55	322	2	real	real	ADJ
hi-55	322	3	exchange	exchange	NOUN
hi-55	322	4	rates	rate	NOUN
hi-55	322	5	in	in	ADP
hi-55	322	6	developing	develop	VERB
hi-55	322	7	countries	country	NOUN
hi-55	322	8	:	:	PUNCT
hi-55	322	9	are	be	AUX
hi-55	322	10	balassa	balassa	NOUN
hi-55	322	11	-	-	PUNCT
hi-55	322	12	samuelson	samuelson	NOUN
hi-55	322	13	effects	effect	NOUN
hi-55	322	14	present	present	ADJ
hi-55	322	15	?	?	PUNCT
hi-55	322	16	.	.	PUNCT
hi-55	322	17	”	"	PUNCT
hi-55	323	1	imf	imf	PROPN
hi-55	323	2	staff	staff	NOUN
hi-55	323	3	papers	paper	NOUN
hi-55	323	4	52	52	NUM
hi-55	323	5	,	,	PUNCT
hi-55	323	6	no	no	INTJ
hi-55	323	7	.	.	NOUN
hi-55	323	8	3	3	NUM
hi-55	323	9	(	(	PUNCT
hi-55	323	10	2005	2005	NUM
hi-55	323	11	):	):	PUNCT
hi-55	323	12	387409	387409	NUM
hi-55	323	13	.	.	PUNCT
hi-55	324	1	chowdhury	chowdhury	PROPN
hi-55	324	2	,	,	PUNCT
hi-55	324	3	mohammad	mohammad	PROPN
hi-55	324	4	,	,	PUNCT
hi-55	324	5	and	and	CCONJ
hi-55	324	6	md	md	PROPN
hi-55	324	7	hossain	hossain	PROPN
hi-55	324	8	.	.	PUNCT
hi-55	325	1	“	"	PUNCT
hi-55	325	2	determinants	determinant	NOUN
hi-55	325	3	of	of	ADP
hi-55	325	4	exchange	exchange	NOUN
hi-55	325	5	rate	rate	NOUN
hi-55	325	6	in	in	ADP
hi-55	325	7	bangladesh	bangladesh	NOUN
hi-55	325	8	:	:	PUNCT
hi-55	325	9	a	a	DET
hi-55	325	10	case	case	NOUN
hi-55	325	11	study	study	NOUN
hi-55	325	12	.	.	PUNCT
hi-55	325	13	”	"	PUNCT
hi-55	325	14	journal	journal	NOUN
hi-55	325	15	of	of	ADP
hi-55	325	16	economics	economic	NOUN
hi-55	325	17	and	and	CCONJ
hi-55	325	18	sustainable	sustainable	ADJ
hi-55	325	19	development	development	NOUN
hi-55	325	20	5	5	NUM
hi-55	325	21	,	,	PUNCT
hi-55	325	22	no	no	INTJ
hi-55	325	23	.	.	NOUN
hi-55	325	24	1	1	NUM
hi-55	325	25	(	(	PUNCT
hi-55	325	26	2014	2014	NUM
hi-55	325	27	)	)	PUNCT
hi-55	325	28	.	.	PUNCT
hi-55	326	1	christiansen	christiansen	PROPN
hi-55	326	2	,	,	PUNCT
hi-55	326	3	lone	lone	ADJ
hi-55	326	4	engbo	engbo	NOUN
hi-55	326	5	,	,	PUNCT
hi-55	326	6	mr	mr	PROPN
hi-55	326	7	alessandro	alessandro	PROPN
hi-55	326	8	prati	prati	PROPN
hi-55	326	9	,	,	PUNCT
hi-55	326	10	mr	mr	PROPN
hi-55	326	11	luca	luca	PROPN
hi-55	326	12	antonio	antonio	PROPN
hi-55	326	13	ricci	ricci	PROPN
hi-55	326	14	,	,	PUNCT
hi-55	326	15	and	and	CCONJ
hi-55	326	16	mr	mr	PROPN
hi-55	326	17	thierry	thierry	PROPN
hi-55	326	18	tressel	tressel	PROPN
hi-55	326	19	.	.	PUNCT
hi-55	327	1	external	external	ADJ
hi-55	327	2	balance	balance	NOUN
hi-55	327	3	in	in	ADP
hi-55	327	4	low	low	ADJ
hi-55	327	5	income	income	NOUN
hi-55	327	6	countries	country	NOUN
hi-55	327	7	.	.	PUNCT
hi-55	328	1	working	work	VERB
hi-55	328	2	paper	paper	NOUN
hi-55	328	3	.	.	PUNCT
hi-55	329	1	no	no	INTJ
hi-55	329	2	.	.	NOUN
hi-55	330	1	9	9	NUM
hi-55	330	2	-	-	SYM
hi-55	330	3	221	221	NUM
hi-55	330	4	.	.	PUNCT
hi-55	331	1	international	international	ADJ
hi-55	331	2	monetary	monetary	ADJ
hi-55	331	3	fund	fund	NOUN
hi-55	331	4	,	,	PUNCT
hi-55	331	5	2009	2009	NUM
hi-55	331	6	.	.	PUNCT
hi-55	332	1	christopoulos	christopoulos	PROPN
hi-55	332	2	,	,	PUNCT
hi-55	332	3	dimitris	dimitris	PROPN
hi-55	332	4	k.	k.	PROPN
hi-55	332	5	,	,	PUNCT
hi-55	332	6	karine	karine	PROPN
hi-55	332	7	gente	gente	PROPN
hi-55	332	8	,	,	PUNCT
hi-55	332	9	and	and	CCONJ
hi-55	332	10	miguel	miguel	PROPN
hi-55	332	11	a.	a.	PROPN
hi-55	332	12	león	león	PROPN
hi-55	332	13	-	-	PUNCT
hi-55	332	14	ledesma	ledesma	PROPN
hi-55	332	15	.	.	PUNCT
hi-55	333	1	“	"	PUNCT
hi-55	333	2	net	net	ADJ
hi-55	333	3	foreign	foreign	ADJ
hi-55	333	4	assets	asset	NOUN
hi-55	333	5	,	,	PUNCT
hi-55	333	6	productivity	productivity	NOUN
hi-55	333	7	and	and	CCONJ
hi-55	333	8	real	real	ADJ
hi-55	333	9	exchange	exchange	NOUN
hi-55	333	10	rates	rate	NOUN
hi-55	333	11	in	in	ADP
hi-55	333	12	constrained	constrained	ADJ
hi-55	333	13	economies	economy	NOUN
hi-55	333	14	.	.	PUNCT
hi-55	333	15	”	"	PUNCT
hi-55	334	1	european	european	PROPN
hi-55	334	2	economic	economic	PROPN
hi-55	334	3	review	review	PROPN
hi-55	334	4	56	56	NUM
hi-55	334	5	,	,	PUNCT
hi-55	334	6	no	no	INTJ
hi-55	334	7	.	.	NOUN
hi-55	334	8	3	3	NUM
hi-55	334	9	(	(	PUNCT
hi-55	334	10	2012	2012	NUM
hi-55	334	11	):	):	PUNCT
hi-55	334	12	295	295	NUM
hi-55	334	13	-	-	SYM
hi-55	334	14	316	316	NUM
hi-55	334	15	.	.	PUNCT
hi-55	334	16	cottani	cottani	PROPN
hi-55	334	17	,	,	PUNCT
hi-55	334	18	joaquin	joaquin	PROPN
hi-55	334	19	a.	a.	PROPN
hi-55	334	20	,	,	PUNCT
hi-55	334	21	domingo	domingo	PROPN
hi-55	334	22	f.	f.	PROPN
hi-55	334	23	cavallo	cavallo	PROPN
hi-55	334	24	,	,	PUNCT
hi-55	334	25	and	and	CCONJ
hi-55	334	26	m.	m.	PROPN
hi-55	334	27	shahbaz	shahbaz	PROPN
hi-55	334	28	khan	khan	PROPN
hi-55	334	29	.	.	PUNCT
hi-55	335	1	“	"	PUNCT
hi-55	335	2	real	real	ADJ
hi-55	335	3	exchange	exchange	NOUN
hi-55	335	4	rate	rate	NOUN
hi-55	335	5	behavior	behavior	NOUN
hi-55	335	6	and	and	CCONJ
hi-55	335	7	economic	economic	ADJ
hi-55	335	8	performance	performance	NOUN
hi-55	335	9	in	in	ADP
hi-55	335	10	ldcs	ldc	NOUN
hi-55	335	11	.	.	PUNCT
hi-55	335	12	”	"	PUNCT
hi-55	336	1	economic	economic	ADJ
hi-55	336	2	development	development	NOUN
hi-55	336	3	and	and	CCONJ
hi-55	336	4	cultural	cultural	ADJ
hi-55	336	5	change	change	NOUN
hi-55	336	6	39	39	NUM
hi-55	336	7	,	,	PUNCT
hi-55	336	8	no	no	INTJ
hi-55	336	9	.	.	NOUN
hi-55	336	10	1	1	NUM
hi-55	336	11	(	(	PUNCT
hi-55	336	12	1990	1990	NUM
hi-55	336	13	):	):	PUNCT
hi-55	336	14	61	61	NUM
hi-55	336	15	-	-	SYM
hi-55	336	16	76	76	NUM
hi-55	336	17	.	.	PUNCT
hi-55	337	1	devereux	devereux	PROPN
hi-55	337	2	,	,	PUNCT
hi-55	337	3	michael	michael	PROPN
hi-55	337	4	b.	b.	PROPN
hi-55	337	5	,	,	PUNCT
hi-55	337	6	and	and	CCONJ
hi-55	337	7	philip	philip	PROPN
hi-55	337	8	r.	r.	PROPN
hi-55	337	9	lane	lane	PROPN
hi-55	337	10	.	.	PUNCT
hi-55	338	1	“	"	PUNCT
hi-55	338	2	understanding	understand	VERB
hi-55	338	3	bilateral	bilateral	ADJ
hi-55	338	4	exchange	exchange	NOUN
hi-55	338	5	rate	rate	NOUN
hi-55	338	6	volatility	volatility	NOUN
hi-55	338	7	.	.	PUNCT
hi-55	338	8	”	"	PUNCT
hi-55	338	9	journal	journal	NOUN
hi-55	338	10	of	of	ADP
hi-55	338	11	international	international	ADJ
hi-55	338	12	economics	economic	NOUN
hi-55	338	13	60	60	NUM
hi-55	338	14	,	,	PUNCT
hi-55	338	15	no	no	INTJ
hi-55	338	16	.	.	NOUN
hi-55	338	17	1	1	NUM
hi-55	338	18	(	(	PUNCT
hi-55	338	19	2003	2003	NUM
hi-55	338	20	):	):	PUNCT
hi-55	338	21	109	109	NUM
hi-55	338	22	-	-	SYM
hi-55	338	23	132	132	NUM
hi-55	338	24	.	.	PUNCT
hi-55	339	1	dhasmana	dhasmana	PROPN
hi-55	339	2	,	,	PUNCT
hi-55	339	3	anubha	anubha	NOUN
hi-55	339	4	.	.	PUNCT
hi-55	340	1	“	"	PUNCT
hi-55	340	2	india	india	PROPN
hi-55	340	3	’s	’s	PART
hi-55	340	4	real	real	ADJ
hi-55	340	5	exchange	exchange	NOUN
hi-55	340	6	rate	rate	NOUN
hi-55	340	7	and	and	CCONJ
hi-55	340	8	trade	trade	NOUN
hi-55	340	9	balance	balance	NOUN
hi-55	340	10	:	:	PUNCT
hi-55	340	11	fresh	fresh	ADJ
hi-55	340	12	empirical	empirical	ADJ
hi-55	340	13	evidence	evidence	NOUN
hi-55	340	14	.	.	PUNCT
hi-55	340	15	”	"	PUNCT
hi-55	341	1	iim	iim	PROPN
hi-55	341	2	bangalore	bangalore	PROPN
hi-55	341	3	research	research	PROPN
hi-55	341	4	paper	paper	NOUN
hi-55	341	5	373	373	NUM
hi-55	341	6	(	(	PUNCT
hi-55	341	7	2012	2012	NUM
hi-55	341	8	)	)	PUNCT
hi-55	341	9	.	.	PUNCT
hi-55	342	1	diallo	diallo	PROPN
hi-55	342	2	,	,	PUNCT
hi-55	342	3	ibrahima	ibrahima	NOUN
hi-55	342	4	amadou	amadou	NOUN
hi-55	342	5	.	.	PUNCT
hi-55	343	1	“	"	PUNCT
hi-55	343	2	exchange	exchange	NOUN
hi-55	343	3	rate	rate	NOUN
hi-55	343	4	volatility	volatility	NOUN
hi-55	343	5	and	and	CCONJ
hi-55	343	6	investment	investment	NOUN
hi-55	343	7	:	:	PUNCT
hi-55	343	8	a	a	DET
hi-55	343	9	panel	panel	NOUN
hi-55	343	10	data	data	VERB
hi-55	343	11	cointegration	cointegration	NOUN
hi-55	343	12	approach	approach	NOUN
hi-55	343	13	.	.	PUNCT
hi-55	343	14	”	"	PUNCT
hi-55	344	1	expert	expert	ADJ
hi-55	344	2	journal	journal	NOUN
hi-55	344	3	of	of	ADP
hi-55	344	4	economics	economic	NOUN
hi-55	344	5	3	3	NUM
hi-55	344	6	,	,	PUNCT
hi-55	344	7	no	no	INTJ
hi-55	344	8	.	.	NOUN
hi-55	344	9	2	2	NUM
hi-55	344	10	(	(	PUNCT
hi-55	344	11	2015	2015	NUM
hi-55	344	12	):	):	PUNCT
hi-55	344	13	127	127	NUM
hi-55	344	14	-	-	SYM
hi-55	344	15	135	135	NUM
hi-55	344	16	.	.	PUNCT
hi-55	345	1	diamandis	diamandis	PROPN
hi-55	345	2	,	,	PUNCT
hi-55	345	3	panayiotis	panayiotis	PROPN
hi-55	345	4	f.	f.	PROPN
hi-55	345	5	,	,	PUNCT
hi-55	345	6	anastassios	anastassios	ADJ
hi-55	345	7	a.	a.	NOUN
hi-55	345	8	drakos	drakos	PROPN
hi-55	345	9	,	,	PUNCT
hi-55	345	10	and	and	CCONJ
hi-55	345	11	georgios	georgios	PROPN
hi-55	345	12	p.	p.	PROPN
hi-55	345	13	kouretas	kouretas	PROPN
hi-55	345	14	.	.	PUNCT
hi-55	346	1	“	"	PUNCT
hi-55	346	2	exchange	exchange	NOUN
hi-55	346	3	rates	rate	NOUN
hi-55	346	4	,	,	PUNCT
hi-55	346	5	fundamentals	fundamental	NOUN
hi-55	346	6	,	,	PUNCT
hi-55	346	7	and	and	CCONJ
hi-55	346	8	nonlinearities	nonlinearitie	NOUN
hi-55	346	9	:	:	PUNCT
hi-55	346	10	a	a	DET
hi-55	346	11	review	review	NOUN
hi-55	346	12	and	and	CCONJ
hi-55	346	13	some	some	DET
hi-55	346	14	further	further	ADJ
hi-55	346	15	evidence	evidence	NOUN
hi-55	346	16	92	92	NUM
hi-55	346	17	macroeconomics	macroeconomic	NOUN
hi-55	346	18	indicators	indicator	NOUN
hi-55	346	19	contributing	contribute	VERB
hi-55	346	20	...	...	PUNCT
hi-55	346	21	from	from	ADP
hi-55	346	22	a	a	DET
hi-55	346	23	century	century	NOUN
hi-55	346	24	of	of	ADP
hi-55	346	25	data	datum	NOUN
hi-55	346	26	.	.	PUNCT
hi-55	346	27	”	"	PUNCT
hi-55	347	1	in	in	ADP
hi-55	347	2	international	international	ADJ
hi-55	347	3	symposia	symposia	NOUN
hi-55	347	4	in	in	ADP
hi-55	347	5	economic	economic	ADJ
hi-55	347	6	theory	theory	NOUN
hi-55	347	7	and	and	CCONJ
hi-55	347	8	econometrics	econometric	NOUN
hi-55	347	9	,	,	PUNCT
hi-55	347	10	vol	vol	NOUN
hi-55	347	11	.	.	PROPN
hi-55	347	12	23	23	NUM
hi-55	347	13	,	,	PUNCT
hi-55	347	14	pp	pp	ADJ
hi-55	347	15	.	.	PUNCT
hi-55	347	16	85	85	NUM
hi-55	347	17	-	-	SYM
hi-55	347	18	124	124	NUM
hi-55	347	19	.	.	PUNCT
hi-55	347	20	emerald	emerald	PROPN
hi-55	347	21	publishing	publishing	PROPN
hi-55	347	22	ltd	ltd	PROPN
hi-55	347	23	,	,	PUNCT
hi-55	347	24	2014	2014	NUM
hi-55	347	25	.	.	PUNCT
hi-55	348	1	dlamini	dlamini	PROPN
hi-55	348	2	,	,	PUNCT
hi-55	348	3	bongani	bongani	VERB
hi-55	348	4	p.	p.	NOUN
hi-55	348	5	“	"	PUNCT
hi-55	348	6	exchange	exchange	NOUN
hi-55	348	7	rate	rate	NOUN
hi-55	348	8	volatility	volatility	NOUN
hi-55	348	9	and	and	CCONJ
hi-55	348	10	its	its	PRON
hi-55	348	11	effect	effect	NOUN
hi-55	348	12	on	on	ADP
hi-55	348	13	macroeconomic	macroeconomic	ADJ
hi-55	348	14	management	management	NOUN
hi-55	348	15	in	in	ADP
hi-55	348	16	swaziland	swaziland	PROPN
hi-55	348	17	.	.	PUNCT
hi-55	348	18	”	"	PUNCT
hi-55	349	1	central	central	ADJ
hi-55	349	2	bank	bank	PROPN
hi-55	349	3	of	of	ADP
hi-55	349	4	swaziland	swaziland	PROPN
hi-55	349	5	,	,	PUNCT
hi-55	349	6	2014	2014	NUM
hi-55	349	7	.	.	PUNCT
hi-55	350	1	domaç	domaç	ADJ
hi-55	350	2	,	,	PUNCT
hi-55	350	3	ilker	ilker	NOUN
hi-55	350	4	,	,	PUNCT
hi-55	350	5	and	and	CCONJ
hi-55	350	6	alfonso	alfonso	PROPN
hi-55	350	7	mendoza	mendoza	PROPN
hi-55	350	8	.	.	PUNCT
hi-55	350	9	is	be	AUX
hi-55	350	10	there	there	PRON
hi-55	350	11	room	room	NOUN
hi-55	350	12	for	for	ADP
hi-55	350	13	foreign	foreign	ADJ
hi-55	350	14	exchange	exchange	NOUN
hi-55	350	15	interventions	intervention	NOUN
hi-55	350	16	under	under	ADP
hi-55	350	17	an	an	DET
hi-55	350	18	inflation	inflation	NOUN
hi-55	350	19	targeting	target	VERB
hi-55	350	20	framework	framework	NOUN
hi-55	350	21	?	?	PUNCT
hi-55	351	1	evidence	evidence	NOUN
hi-55	351	2	from	from	ADP
hi-55	351	3	mexico	mexico	PROPN
hi-55	351	4	and	and	CCONJ
hi-55	351	5	turkey	turkey	PROPN
hi-55	351	6	.	.	PUNCT
hi-55	352	1	world	world	PROPN
hi-55	352	2	bank	bank	PROPN
hi-55	352	3	policy	policy	NOUN
hi-55	352	4	research	research	NOUN
hi-55	352	5	,	,	PUNCT
hi-55	352	6	working	work	VERB
hi-55	352	7	paper	paper	NOUN
hi-55	352	8	no	no	NOUN
hi-55	352	9	.	.	PROPN
hi-55	352	10	3288	3288	NUM
hi-55	352	11	.	.	PUNCT
hi-55	353	1	the	the	DET
hi-55	353	2	world	world	PROPN
hi-55	353	3	bank	bank	PROPN
hi-55	353	4	,	,	PUNCT
hi-55	353	5	2004	2004	NUM
hi-55	353	6	.	.	PUNCT
hi-55	354	1	dornbusch	dornbusch	PROPN
hi-55	354	2	,	,	PUNCT
hi-55	354	3	rudiger	rudiger	NOUN
hi-55	354	4	.	.	PUNCT
hi-55	355	1	“	"	PUNCT
hi-55	355	2	expectations	expectation	NOUN
hi-55	355	3	and	and	CCONJ
hi-55	355	4	exchange	exchange	NOUN
hi-55	355	5	rate	rate	NOUN
hi-55	355	6	dynamics	dynamic	NOUN
hi-55	355	7	.	.	PUNCT
hi-55	355	8	”	"	PUNCT
hi-55	355	9	journal	journal	NOUN
hi-55	355	10	of	of	ADP
hi-55	355	11	political	political	ADJ
hi-55	355	12	economy	economy	NOUN
hi-55	355	13	84	84	NUM
hi-55	355	14	,	,	PUNCT
hi-55	355	15	no	no	INTJ
hi-55	355	16	.	.	NOUN
hi-55	355	17	6	6	NUM
hi-55	355	18	(	(	PUNCT
hi-55	355	19	1976	1976	NUM
hi-55	355	20	):	):	PUNCT
hi-55	355	21	1161	1161	NUM
hi-55	355	22	-	-	SYM
hi-55	355	23	1176	1176	NUM
hi-55	355	24	.	.	PUNCT
hi-55	356	1	ebaidalla	ebaidalla	PROPN
hi-55	356	2	,	,	PUNCT
hi-55	356	3	ebaidalla	ebaidalla	NOUN
hi-55	356	4	mahjoub	mahjoub	NOUN
hi-55	356	5	.	.	PUNCT
hi-55	357	1	“	"	PUNCT
hi-55	357	2	real	real	ADJ
hi-55	357	3	exchange	exchange	NOUN
hi-55	357	4	rate	rate	NOUN
hi-55	357	5	misalignment	misalignment	NOUN
hi-55	357	6	and	and	CCONJ
hi-55	357	7	economic	economic	ADJ
hi-55	357	8	performance	performance	NOUN
hi-55	357	9	in	in	ADP
hi-55	357	10	sudan	sudan	PROPN
hi-55	357	11	.	.	PUNCT
hi-55	357	12	”	"	PUNCT
hi-55	358	1	african	african	ADJ
hi-55	358	2	review	review	NOUN
hi-55	358	3	of	of	ADP
hi-55	358	4	economics	economic	NOUN
hi-55	358	5	and	and	CCONJ
hi-55	358	6	finance	finance	NOUN
hi-55	358	7	6	6	NUM
hi-55	358	8	,	,	PUNCT
hi-55	358	9	no	no	INTJ
hi-55	358	10	.	.	NOUN
hi-55	358	11	2	2	NUM
hi-55	358	12	(	(	PUNCT
hi-55	358	13	2014	2014	NUM
hi-55	358	14	):	):	PUNCT
hi-55	358	15	115	115	NUM
hi-55	358	16	-	-	SYM
hi-55	358	17	140	140	NUM
hi-55	358	18	.	.	PUNCT
hi-55	359	1	eichengreen	eichengreen	NOUN
hi-55	359	2	,	,	PUNCT
hi-55	359	3	barry	barry	PROPN
hi-55	359	4	.	.	PUNCT
hi-55	360	1	“	"	PUNCT
hi-55	360	2	the	the	DET
hi-55	360	3	real	real	ADJ
hi-55	360	4	exchange	exchange	NOUN
hi-55	360	5	rate	rate	NOUN
hi-55	360	6	and	and	CCONJ
hi-55	360	7	economic	economic	ADJ
hi-55	360	8	growth	growth	NOUN
hi-55	360	9	.	.	PUNCT
hi-55	360	10	”	"	PUNCT
hi-55	361	1	social	social	ADJ
hi-55	361	2	and	and	CCONJ
hi-55	361	3	economic	economic	ADJ
hi-55	361	4	studies	study	NOUN
hi-55	361	5	56	56	NUM
hi-55	361	6	,	,	PUNCT
hi-55	361	7	no	no	INTJ
hi-55	361	8	.	.	NOUN
hi-55	361	9	4	4	NUM
hi-55	361	10	(	(	PUNCT
hi-55	361	11	2007	2007	NUM
hi-55	361	12	):	):	PUNCT
hi-55	361	13	7	7	NUM
hi-55	361	14	-	-	SYM
hi-55	361	15	20	20	NUM
hi-55	361	16	.	.	PUNCT
hi-55	362	1	engel	engel	PROPN
hi-55	362	2	,	,	PUNCT
hi-55	362	3	charles	charles	PROPN
hi-55	362	4	,	,	PUNCT
hi-55	362	5	and	and	CCONJ
hi-55	362	6	kenneth	kenneth	PROPN
hi-55	362	7	d.	d.	PROPN
hi-55	362	8	west	west	PROPN
hi-55	362	9	.	.	PUNCT
hi-55	363	1	“	"	PUNCT
hi-55	363	2	exchange	exchange	NOUN
hi-55	363	3	rates	rate	NOUN
hi-55	363	4	and	and	CCONJ
hi-55	363	5	fundamentals	fundamental	NOUN
hi-55	363	6	.	.	PUNCT
hi-55	363	7	”	"	PUNCT
hi-55	364	1	journal	journal	NOUN
hi-55	364	2	of	of	ADP
hi-55	364	3	political	political	ADJ
hi-55	364	4	economy	economy	NOUN
hi-55	364	5	113	113	NUM
hi-55	364	6	,	,	PUNCT
hi-55	364	7	no	no	INTJ
hi-55	364	8	.	.	NOUN
hi-55	364	9	3	3	NUM
hi-55	364	10	(	(	PUNCT
hi-55	364	11	2005	2005	NUM
hi-55	364	12	):	):	PUNCT
hi-55	364	13	485	485	NUM
hi-55	364	14	-	-	SYM
hi-55	364	15	517	517	NUM
hi-55	364	16	.	.	PUNCT
hi-55	365	1	engle	engle	PROPN
hi-55	365	2	,	,	PUNCT
hi-55	365	3	robert	robert	PROPN
hi-55	365	4	f.	f.	PROPN
hi-55	365	5	,	,	PUNCT
hi-55	365	6	and	and	CCONJ
hi-55	365	7	clive	clive	PROPN
hi-55	365	8	wj	wj	PROPN
hi-55	365	9	granger	granger	PROPN
hi-55	365	10	.	.	PUNCT
hi-55	366	1	“	"	PUNCT
hi-55	366	2	co	co	NOUN
hi-55	366	3	-	-	NOUN
hi-55	366	4	integration	integration	NOUN
hi-55	366	5	and	and	CCONJ
hi-55	366	6	error	error	NOUN
hi-55	366	7	correction	correction	NOUN
hi-55	366	8	:	:	PUNCT
hi-55	366	9	representation	representation	NOUN
hi-55	366	10	,	,	PUNCT
hi-55	366	11	estimation	estimation	NOUN
hi-55	366	12	,	,	PUNCT
hi-55	366	13	and	and	CCONJ
hi-55	366	14	testing	testing	NOUN
hi-55	366	15	.	.	PUNCT
hi-55	366	16	”	"	PUNCT
hi-55	367	1	econometrica	econometrica	PROPN
hi-55	367	2	:	:	PUNCT
hi-55	367	3	journal	journal	NOUN
hi-55	367	4	of	of	ADP
hi-55	367	5	the	the	DET
hi-55	367	6	econometric	econometric	ADJ
hi-55	367	7	society	society	NOUN
hi-55	367	8	(	(	PUNCT
hi-55	367	9	1987	1987	NUM
hi-55	367	10	):	):	PUNCT
hi-55	367	11	251	251	NUM
hi-55	367	12	-	-	SYM
hi-55	367	13	276	276	NUM
hi-55	367	14	.	.	PUNCT
hi-55	368	1	esquivel	esquivel	PROPN
hi-55	368	2	,	,	PUNCT
hi-55	368	3	gerardo	gerardo	PROPN
hi-55	368	4	,	,	PUNCT
hi-55	368	5	and	and	CCONJ
hi-55	368	6	felipe	felipe	PROPN
hi-55	368	7	larraín	larraín	PROPN
hi-55	368	8	b.	b.	PROPN
hi-55	369	1	“	"	PUNCT
hi-55	369	2	the	the	DET
hi-55	369	3	impact	impact	NOUN
hi-55	369	4	of	of	ADP
hi-55	369	5	g-3	g-3	NOUN
hi-55	369	6	exchange	exchange	NOUN
hi-55	369	7	rate	rate	NOUN
hi-55	369	8	volatility	volatility	NOUN
hi-55	369	9	on	on	ADP
hi-55	369	10	developing	develop	VERB
hi-55	369	11	countries	country	NOUN
hi-55	369	12	.	.	PUNCT
hi-55	369	13	”	"	PUNCT
hi-55	370	1	g-24	g-24	X
hi-55	370	2	discussion	discussion	NOUN
hi-55	370	3	paper	paper	NOUN
hi-55	370	4	series	series	NOUN
hi-55	370	5	.	.	PUNCT
hi-55	371	1	united	united	PROPN
hi-55	371	2	nations	nations	PROPN
hi-55	371	3	conference	conference	PROPN
hi-55	371	4	on	on	ADP
hi-55	371	5	trade	trade	NOUN
hi-55	371	6	and	and	CCONJ
hi-55	371	7	development	development	NOUN
hi-55	371	8	no	no	INTJ
hi-55	371	9	.	.	PROPN
hi-55	371	10	16	16	NUM
hi-55	371	11	.	.	PUNCT
hi-55	372	1	centre	centre	NOUN
hi-55	372	2	for	for	ADP
hi-55	372	3	international	international	PROPN
hi-55	372	4	development	development	PROPN
hi-55	372	5	harvard	harvard	PROPN
hi-55	372	6	university	university	PROPN
hi-55	372	7	,	,	PUNCT
hi-55	372	8	2002	2002	NUM
hi-55	372	9	.	.	PUNCT
hi-55	373	1	frenkel	frenkel	PROPN
hi-55	373	2	,	,	PUNCT
hi-55	373	3	jacob	jacob	PROPN
hi-55	373	4	a.	a.	PROPN
hi-55	373	5	“	"	PUNCT
hi-55	373	6	a	a	DET
hi-55	373	7	monetary	monetary	ADJ
hi-55	373	8	approach	approach	NOUN
hi-55	373	9	to	to	ADP
hi-55	373	10	the	the	DET
hi-55	373	11	exchange	exchange	NOUN
hi-55	373	12	rate	rate	NOUN
hi-55	373	13	:	:	PUNCT
hi-55	373	14	doctrinal	doctrinal	ADJ
hi-55	373	15	aspects	aspect	NOUN
hi-55	373	16	and	and	CCONJ
hi-55	373	17	empirical	empirical	ADJ
hi-55	373	18	evidence	evidence	NOUN
hi-55	373	19	.	.	PUNCT
hi-55	373	20	”	"	PUNCT
hi-55	374	1	the	the	DET
hi-55	374	2	scandinavian	scandinavian	ADJ
hi-55	374	3	journal	journal	NOUN
hi-55	374	4	of	of	ADP
hi-55	374	5	economics	economic	NOUN
hi-55	374	6	(	(	PUNCT
hi-55	374	7	1976	1976	NUM
hi-55	374	8	):	):	PUNCT
hi-55	374	9	200	200	NUM
hi-55	374	10	-	-	SYM
hi-55	374	11	224	224	NUM
hi-55	374	12	.	.	PUNCT
hi-55	375	1	gala	gala	NOUN
hi-55	375	2	,	,	PUNCT
hi-55	375	3	paulo	paulo	NOUN
hi-55	375	4	.	.	PUNCT
hi-55	376	1	“	"	PUNCT
hi-55	376	2	real	real	ADJ
hi-55	376	3	exchange	exchange	NOUN
hi-55	376	4	rate	rate	NOUN
hi-55	376	5	levels	level	NOUN
hi-55	376	6	and	and	CCONJ
hi-55	376	7	economic	economic	ADJ
hi-55	376	8	development	development	NOUN
hi-55	376	9	:	:	PUNCT
hi-55	376	10	theoretical	theoretical	ADJ
hi-55	376	11	analysis	analysis	NOUN
hi-55	376	12	and	and	CCONJ
hi-55	376	13	econometric	econometric	ADJ
hi-55	376	14	evidence	evidence	NOUN
hi-55	376	15	.	.	PUNCT
hi-55	376	16	”	"	PUNCT
hi-55	377	1	cambridge	cambridge	PROPN
hi-55	377	2	journal	journal	PROPN
hi-55	377	3	of	of	ADP
hi-55	377	4	economics	economic	NOUN
hi-55	377	5	32	32	NUM
hi-55	377	6	,	,	PUNCT
hi-55	377	7	no	no	INTJ
hi-55	377	8	.	.	NOUN
hi-55	377	9	2	2	NUM
hi-55	377	10	(	(	PUNCT
hi-55	377	11	2007	2007	NUM
hi-55	377	12	):	):	PUNCT
hi-55	377	13	273	273	NUM
hi-55	377	14	-	-	SYM
hi-55	377	15	288	288	NUM
hi-55	377	16	.	.	PUNCT
hi-55	378	1	giannellis	giannellis	PROPN
hi-55	378	2	,	,	PUNCT
hi-55	378	3	nikolaos	nikolaos	PROPN
hi-55	378	4	,	,	PUNCT
hi-55	378	5	and	and	CCONJ
hi-55	378	6	athanasios	athanasios	PROPN
hi-55	378	7	p.	p.	PROPN
hi-55	378	8	papadopoulos	papadopoulos	PROPN
hi-55	378	9	.	.	PUNCT
hi-55	379	1	“	"	PUNCT
hi-55	379	2	what	what	PRON
hi-55	379	3	causes	cause	VERB
hi-55	379	4	exchange	exchange	NOUN
hi-55	379	5	rate	rate	NOUN
hi-55	379	6	volatility	volatility	NOUN
hi-55	379	7	?	?	PUNCT
hi-55	380	1	evidence	evidence	NOUN
hi-55	380	2	from	from	ADP
hi-55	380	3	selected	select	VERB
hi-55	380	4	emu	emu	PROPN
hi-55	380	5	members	member	NOUN
hi-55	380	6	and	and	CCONJ
hi-55	380	7	candidates	candidate	NOUN
hi-55	380	8	for	for	ADP
hi-55	380	9	emu	emu	PROPN
hi-55	380	10	membership	membership	NOUN
hi-55	380	11	countries	country	NOUN
hi-55	380	12	.	.	PUNCT
hi-55	380	13	”	"	PUNCT
hi-55	381	1	journal	journal	NOUN
hi-55	381	2	of	of	ADP
hi-55	381	3	international	international	ADJ
hi-55	381	4	money	money	NOUN
hi-55	381	5	and	and	CCONJ
hi-55	381	6	finance	finance	NOUN
hi-55	381	7	30	30	NUM
hi-55	381	8	,	,	PUNCT
hi-55	381	9	no	no	INTJ
hi-55	381	10	.	.	NOUN
hi-55	381	11	1	1	NUM
hi-55	381	12	(	(	PUNCT
hi-55	381	13	2011	2011	NUM
hi-55	381	14	):	):	PUNCT
hi-55	381	15	39	39	NUM
hi-55	381	16	-	-	SYM
hi-55	381	17	61	61	NUM
hi-55	381	18	.	.	PUNCT
hi-55	382	1	granger	granger	PROPN
hi-55	382	2	,	,	PUNCT
hi-55	382	3	clive	clive	PROPN
hi-55	382	4	wj	wj	PROPN
hi-55	382	5	.	.	PUNCT
hi-55	383	1	“	"	PUNCT
hi-55	383	2	some	some	DET
hi-55	383	3	properties	property	NOUN
hi-55	383	4	of	of	ADP
hi-55	383	5	time	time	NOUN
hi-55	383	6	series	series	PROPN
hi-55	383	7	data	datum	NOUN
hi-55	383	8	and	and	CCONJ
hi-55	383	9	their	their	PRON
hi-55	383	10	use	use	NOUN
hi-55	383	11	in	in	ADP
hi-55	383	12	econometric	econometric	ADJ
hi-55	383	13	model	model	NOUN
hi-55	383	14	specification	specification	NOUN
hi-55	383	15	.	.	PUNCT
hi-55	383	16	”	"	PUNCT
hi-55	384	1	journal	journal	NOUN
hi-55	384	2	of	of	ADP
hi-55	384	3	econometrics	econometric	NOUN
hi-55	384	4	16	16	NUM
hi-55	384	5	,	,	PUNCT
hi-55	384	6	no	no	INTJ
hi-55	384	7	.	.	NOUN
hi-55	384	8	1	1	NUM
hi-55	384	9	(	(	PUNCT
hi-55	384	10	1981	1981	NUM
hi-55	384	11	):	):	PUNCT
hi-55	384	12	121	121	NUM
hi-55	384	13	-	-	SYM
hi-55	384	14	130	130	NUM
hi-55	384	15	.	.	PUNCT
hi-55	385	1	grossmann	grossmann	PROPN
hi-55	385	2	,	,	PUNCT
hi-55	385	3	axel	axel	PROPN
hi-55	385	4	,	,	PUNCT
hi-55	385	5	inessa	inessa	ADJ
hi-55	385	6	love	love	NOUN
hi-55	385	7	,	,	PUNCT
hi-55	385	8	and	and	CCONJ
hi-55	385	9	alexei	alexei	PROPN
hi-55	385	10	g.	g.	PROPN
hi-55	385	11	orlov	orlov	PROPN
hi-55	385	12	.	.	PUNCT
hi-55	386	1	“	"	PUNCT
hi-55	386	2	the	the	DET
hi-55	386	3	dynamics	dynamic	NOUN
hi-55	386	4	of	of	ADP
hi-55	386	5	exchange	exchange	NOUN
hi-55	386	6	rate	rate	NOUN
hi-55	386	7	volatility	volatility	NOUN
hi-55	386	8	:	:	PUNCT
hi-55	386	9	a	a	DET
hi-55	386	10	panel	panel	NOUN
hi-55	386	11	var	var	NOUN
hi-55	386	12	approach	approach	NOUN
hi-55	386	13	.	.	PUNCT
hi-55	386	14	”	"	PUNCT
hi-55	387	1	journal	journal	NOUN
hi-55	387	2	of	of	ADP
hi-55	387	3	international	international	ADJ
hi-55	387	4	financial	financial	ADJ
hi-55	387	5	markets	market	NOUN
hi-55	387	6	,	,	PUNCT
hi-55	387	7	institutions	institution	NOUN
hi-55	387	8	and	and	CCONJ
hi-55	387	9	money	money	NOUN
hi-55	387	10	33	33	NUM
hi-55	387	11	(	(	PUNCT
hi-55	387	12	2014	2014	NUM
hi-55	387	13	):	):	PUNCT
hi-55	387	14	1	1	NUM
hi-55	387	15	-	-	SYM
hi-55	387	16	27	27	NUM
hi-55	387	17	.	.	PUNCT
hi-55	388	1	grydaki	grydaki	PROPN
hi-55	388	2	,	,	PUNCT
hi-55	388	3	maria	maria	PROPN
hi-55	388	4	,	,	PUNCT
hi-55	388	5	and	and	CCONJ
hi-55	388	6	stilianos	stilianos	PROPN
hi-55	388	7	fountas	founta	NOUN
hi-55	388	8	.	.	PUNCT
hi-55	389	1	“	"	PUNCT
hi-55	389	2	exchange	exchange	NOUN
hi-55	389	3	rate	rate	NOUN
hi-55	389	4	volatility	volatility	NOUN
hi-55	389	5	and	and	CCONJ
hi-55	389	6	output	output	NOUN
hi-55	389	7	volatility	volatility	NOUN
hi-55	389	8	:	:	PUNCT
hi-55	389	9	a	a	DET
hi-55	389	10	theoretical	theoretical	ADJ
hi-55	389	11	approach	approach	NOUN
hi-55	389	12	.	.	PUNCT
hi-55	389	13	”	"	PUNCT
hi-55	390	1	review	review	NOUN
hi-55	390	2	of	of	ADP
hi-55	390	3	international	international	ADJ
hi-55	390	4	economics	economic	NOUN
hi-55	390	5	17	17	NUM
hi-55	390	6	,	,	PUNCT
hi-55	390	7	no	no	INTJ
hi-55	390	8	.	.	NOUN
hi-55	390	9	3	3	NUM
hi-55	390	10	(	(	PUNCT
hi-55	390	11	2009	2009	NUM
hi-55	390	12	):	):	PUNCT
hi-55	390	13	552569	552569	NUM
hi-55	390	14	.	.	PUNCT
hi-55	391	1	hadri	hadri	ADJ
hi-55	391	2	,	,	PUNCT
hi-55	391	3	kaddour	kaddour	ADJ
hi-55	391	4	.	.	PUNCT
hi-55	392	1	“	"	PUNCT
hi-55	392	2	testing	test	VERB
hi-55	392	3	for	for	ADP
hi-55	392	4	stationarity	stationarity	NOUN
hi-55	392	5	in	in	ADP
hi-55	392	6	heterogeneous	heterogeneous	ADJ
hi-55	392	7	panel	panel	NOUN
hi-55	392	8	data	datum	NOUN
hi-55	392	9	.	.	PUNCT
hi-55	392	10	”	"	PUNCT
hi-55	393	1	the	the	DET
hi-55	393	2	econometrics	econometrics	PROPN
hi-55	393	3	journal	journal	NOUN
hi-55	393	4	3	3	NUM
hi-55	393	5	,	,	PUNCT
hi-55	393	6	no	no	INTJ
hi-55	393	7	.	.	NOUN
hi-55	393	8	2	2	NUM
hi-55	393	9	(	(	PUNCT
hi-55	393	10	2000	2000	NUM
hi-55	393	11	):	):	PUNCT
hi-55	393	12	148	148	NUM
hi-55	393	13	-	-	SYM
hi-55	393	14	161	161	NUM
hi-55	393	15	.	.	PUNCT
hi-55	394	1	hau	hau	PROPN
hi-55	394	2	,	,	PUNCT
hi-55	394	3	harald	harald	PROPN
hi-55	394	4	.	.	PUNCT
hi-55	395	1	“	"	PUNCT
hi-55	395	2	real	real	ADJ
hi-55	395	3	exchange	exchange	NOUN
hi-55	395	4	rate	rate	NOUN
hi-55	395	5	volatility	volatility	NOUN
hi-55	395	6	and	and	CCONJ
hi-55	395	7	economic	economic	ADJ
hi-55	395	8	openness	openness	NOUN
hi-55	395	9	:	:	PUNCT
hi-55	395	10	theory	theory	NOUN
hi-55	395	11	and	and	CCONJ
hi-55	395	12	evidence	evidence	NOUN
hi-55	395	13	.	.	PUNCT
hi-55	395	14	”	"	PUNCT
hi-55	395	15	journal	journal	NOUN
hi-55	395	16	of	of	ADP
hi-55	395	17	money	money	NOUN
hi-55	395	18	,	,	PUNCT
hi-55	395	19	credit	credit	NOUN
hi-55	395	20	and	and	CCONJ
hi-55	395	21	banking	banking	NOUN
hi-55	395	22	(	(	PUNCT
hi-55	395	23	2002	2002	NUM
hi-55	395	24	):	):	PUNCT
hi-55	395	25	611	611	NUM
hi-55	395	26	-	-	SYM
hi-55	395	27	630	630	NUM
hi-55	395	28	.	.	PUNCT
hi-55	396	1	hodrick	hodrick	PROPN
hi-55	396	2	,	,	PUNCT
hi-55	396	3	robert	robert	PROPN
hi-55	396	4	j.	j.	PROPN
hi-55	396	5	“	"	PUNCT
hi-55	396	6	an	an	DET
hi-55	396	7	empirical	empirical	ADJ
hi-55	396	8	analysis	analysis	NOUN
hi-55	396	9	of	of	ADP
hi-55	396	10	the	the	DET
hi-55	396	11	monetary	monetary	ADJ
hi-55	396	12	approach	approach	NOUN
hi-55	396	13	to	to	ADP
hi-55	396	14	the	the	DET
hi-55	396	15	determination	determination	NOUN
hi-55	396	16	of	of	ADP
hi-55	396	17	the	the	DET
hi-55	396	18	exchange	exchange	NOUN
hi-55	396	19	rate	rate	NOUN
hi-55	396	20	.	.	PUNCT
hi-55	396	21	”	"	PUNCT
hi-55	397	1	the	the	DET
hi-55	397	2	economics	economic	NOUN
hi-55	397	3	of	of	ADP
hi-55	397	4	exchange	exchange	NOUN
hi-55	397	5	rates	rate	NOUN
hi-55	397	6	(	(	PUNCT
hi-55	397	7	1978	1978	NUM
hi-55	397	8	):	):	PUNCT
hi-55	397	9	97	97	NUM
hi-55	397	10	-	-	SYM
hi-55	397	11	116	116	NUM
hi-55	397	12	.	.	PUNCT
hi-55	398	1	hamdard	hamdard	ADJ
hi-55	398	2	islamicus	islamicus	PROPN
hi-55	398	3	vol	vol	NOUN
hi-55	398	4	.	.	PUNCT
hi-55	399	1	xliii	xliii	PROPN
hi-55	399	2	,	,	PUNCT
hi-55	399	3	no	no	INTJ
hi-55	399	4	.	.	NOUN
hi-55	399	5	3	3	NUM
hi-55	399	6	93	93	NUM
hi-55	399	7	hviding	hviding	ADJ
hi-55	399	8	,	,	PUNCT
hi-55	399	9	ketil	ketil	PROPN
hi-55	399	10	,	,	PUNCT
hi-55	399	11	nowak	nowak	PROPN
hi-55	399	12	,	,	PUNCT
hi-55	399	13	mr	mr	PROPN
hi-55	399	14	m.	m.	NOUN
hi-55	399	15	,	,	PUNCT
hi-55	399	16	and	and	CCONJ
hi-55	399	17	mr	mr	PROPN
hi-55	399	18	luca	luca	PROPN
hi-55	399	19	antonio	antonio	PROPN
hi-55	399	20	ricci	ricci	PROPN
hi-55	399	21	.	.	PUNCT
hi-55	400	1	can	can	AUX
hi-55	400	2	higher	high	ADJ
hi-55	400	3	reserves	reserve	NOUN
hi-55	400	4	help	help	VERB
hi-55	400	5	reduce	reduce	VERB
hi-55	400	6	exchange	exchange	NOUN
hi-55	400	7	rate	rate	NOUN
hi-55	400	8	volatility	volatility	NOUN
hi-55	400	9	?	?	PUNCT
hi-55	400	10	.	.	PUNCT
hi-55	401	1	imf	imf	PROPN
hi-55	401	2	working	working	PROPN
hi-55	401	3	paper	paper	PROPN
hi-55	401	4	no	no	INTJ
hi-55	401	5	.	.	NOUN
hi-55	402	1	4	4	NUM
hi-55	402	2	-	-	SYM
hi-55	402	3	189	189	NUM
hi-55	402	4	.	.	PUNCT
hi-55	403	1	international	international	ADJ
hi-55	403	2	monetary	monetary	ADJ
hi-55	403	3	fund	fund	PROPN
hi-55	403	4	,	,	PUNCT
hi-55	403	5	2004	2004	NUM
hi-55	403	6	.	.	PUNCT
hi-55	404	1	iavorschi	iavorschi	PROPN
hi-55	404	2	,	,	PUNCT
hi-55	404	3	mihaela	mihaela	PROPN
hi-55	404	4	.	.	PUNCT
hi-55	405	1	“	"	PUNCT
hi-55	405	2	the	the	DET
hi-55	405	3	influence	influence	NOUN
hi-55	405	4	of	of	ADP
hi-55	405	5	foreign	foreign	ADJ
hi-55	405	6	direct	direct	ADJ
hi-55	405	7	investments	investment	NOUN
hi-55	405	8	and	and	CCONJ
hi-55	405	9	the	the	DET
hi-55	405	10	current	current	ADJ
hi-55	405	11	account	account	NOUN
hi-55	405	12	of	of	ADP
hi-55	405	13	the	the	DET
hi-55	405	14	balance	balance	NOUN
hi-55	405	15	of	of	ADP
hi-55	405	16	payments	payment	NOUN
hi-55	405	17	on	on	ADP
hi-55	405	18	the	the	DET
hi-55	405	19	evolution	evolution	NOUN
hi-55	405	20	of	of	ADP
hi-55	405	21	the	the	DET
hi-55	405	22	lei	lei	PROPN
hi-55	405	23	/	/	SYM
hi-55	405	24	euro	euro	NOUN
hi-55	405	25	exchange	exchange	NOUN
hi-55	405	26	rate	rate	NOUN
hi-55	405	27	in	in	ADP
hi-55	405	28	romania	romania	PROPN
hi-55	405	29	.	.	PUNCT
hi-55	405	30	”	"	PUNCT
hi-55	406	1	procedia	procedia	PROPN
hi-55	406	2	economics	economic	NOUN
hi-55	406	3	and	and	CCONJ
hi-55	406	4	finance	finance	NOUN
hi-55	406	5	16	16	NUM
hi-55	406	6	,	,	PUNCT
hi-55	406	7	no	no	INTJ
hi-55	406	8	.	.	NOUN
hi-55	406	9	4	4	NUM
hi-55	406	10	(	(	PUNCT
hi-55	406	11	2014	2014	NUM
hi-55	406	12	):	):	PUNCT
hi-55	406	13	448	448	NUM
hi-55	406	14	-	-	SYM
hi-55	406	15	457	457	NUM
hi-55	406	16	.	.	PUNCT
hi-55	407	1	i	i	PRON
hi-55	407	2	m	m	PROPN
hi-55	407	3	,	,	PUNCT
hi-55	407	4	kyung	kyung	PROPN
hi-55	407	5	so	so	ADV
hi-55	407	6	,	,	PUNCT
hi-55	407	7	m.	m.	PROPN
hi-55	407	8	hashem	hashem	PROPN
hi-55	407	9	pesaran	pesaran	PROPN
hi-55	407	10	,	,	PUNCT
hi-55	407	11	and	and	CCONJ
hi-55	407	12	yongcheol	yongcheol	NOUN
hi-55	407	13	shin	shin	NOUN
hi-55	407	14	.	.	PUNCT
hi-55	408	1	“	"	PUNCT
hi-55	408	2	testing	test	VERB
hi-55	408	3	for	for	ADP
hi-55	408	4	unit	unit	NOUN
hi-55	408	5	roots	root	NOUN
hi-55	408	6	in	in	ADP
hi-55	408	7	heterogeneous	heterogeneous	ADJ
hi-55	408	8	panels	panel	NOUN
hi-55	408	9	.	.	PUNCT
hi-55	408	10	”	"	PUNCT
hi-55	408	11	journal	journal	NOUN
hi-55	408	12	of	of	ADP
hi-55	408	13	econometrics	econometric	NOUN
hi-55	408	14	115	115	NUM
hi-55	408	15	,	,	PUNCT
hi-55	408	16	no	no	INTJ
hi-55	408	17	.	.	NOUN
hi-55	408	18	1	1	NUM
hi-55	408	19	(	(	PUNCT
hi-55	408	20	2003	2003	NUM
hi-55	408	21	):	):	PUNCT
hi-55	408	22	53	53	NUM
hi-55	408	23	-	-	SYM
hi-55	408	24	74	74	NUM
hi-55	408	25	.	.	PUNCT
hi-55	409	1	kamin	kamin	PROPN
hi-55	409	2	,	,	PUNCT
hi-55	409	3	steve	steve	PROPN
hi-55	409	4	b.	b.	PROPN
hi-55	409	5	,	,	PUNCT
hi-55	409	6	and	and	CCONJ
hi-55	409	7	john	john	PROPN
hi-55	409	8	h.	h.	PROPN
hi-55	409	9	rogers	rogers	PROPN
hi-55	409	10	.	.	PUNCT
hi-55	410	1	“	"	PUNCT
hi-55	410	2	output	output	NOUN
hi-55	410	3	and	and	CCONJ
hi-55	410	4	the	the	DET
hi-55	410	5	real	real	ADJ
hi-55	410	6	exchange	exchange	NOUN
hi-55	410	7	rate	rate	NOUN
hi-55	410	8	in	in	ADP
hi-55	410	9	developing	develop	VERB
hi-55	410	10	countries	country	NOUN
hi-55	410	11	:	:	PUNCT
hi-55	410	12	an	an	DET
hi-55	410	13	application	application	NOUN
hi-55	410	14	to	to	ADP
hi-55	410	15	mexico	mexico	PROPN
hi-55	410	16	.	.	PUNCT
hi-55	410	17	”	"	PUNCT
hi-55	411	1	journal	journal	PROPN
hi-55	411	2	of	of	ADP
hi-55	411	3	development	development	NOUN
hi-55	411	4	economics	economic	NOUN
hi-55	411	5	61	61	NUM
hi-55	411	6	,	,	PUNCT
hi-55	411	7	no	no	INTJ
hi-55	411	8	.	.	NOUN
hi-55	411	9	1	1	NUM
hi-55	411	10	(	(	PUNCT
hi-55	411	11	2000	2000	NUM
hi-55	411	12	):	):	PUNCT
hi-55	411	13	85	85	NUM
hi-55	411	14	-	-	SYM
hi-55	411	15	109	109	NUM
hi-55	411	16	.	.	PUNCT
hi-55	411	17	kandil	kandil	PROPN
hi-55	411	18	,	,	PUNCT
hi-55	411	19	magda	magda	PROPN
hi-55	411	20	,	,	PUNCT
hi-55	411	21	and	and	CCONJ
hi-55	411	22	ida	ida	PROPN
hi-55	411	23	mirzaie	mirzaie	PROPN
hi-55	411	24	.	.	PUNCT
hi-55	412	1	“	"	PUNCT
hi-55	412	2	the	the	DET
hi-55	412	3	effects	effect	NOUN
hi-55	412	4	of	of	ADP
hi-55	412	5	exchange	exchange	NOUN
hi-55	412	6	rate	rate	NOUN
hi-55	412	7	fluctuations	fluctuation	NOUN
hi-55	412	8	on	on	ADP
hi-55	412	9	output	output	NOUN
hi-55	412	10	and	and	CCONJ
hi-55	412	11	prices	price	NOUN
hi-55	412	12	:	:	PUNCT
hi-55	412	13	evidence	evidence	NOUN
hi-55	412	14	from	from	ADP
hi-55	412	15	developing	develop	VERB
hi-55	412	16	countries	country	NOUN
hi-55	412	17	.	.	PUNCT
hi-55	412	18	”	"	PUNCT
hi-55	413	1	the	the	DET
hi-55	413	2	journal	journal	NOUN
hi-55	413	3	of	of	ADP
hi-55	413	4	developing	develop	VERB
hi-55	413	5	areas	area	NOUN
hi-55	413	6	(	(	PUNCT
hi-55	413	7	2005	2005	NUM
hi-55	413	8	):	):	PUNCT
hi-55	413	9	189	189	NUM
hi-55	413	10	-	-	SYM
hi-55	413	11	219	219	NUM
hi-55	413	12	.	.	PUNCT
hi-55	414	1	kasman	kasman	PROPN
hi-55	414	2	,	,	PUNCT
hi-55	414	3	adnan	adnan	PROPN
hi-55	414	4	,	,	PUNCT
hi-55	414	5	and	and	CCONJ
hi-55	414	6	duygu	duygu	PROPN
hi-55	414	7	ayhan	ayhan	PROPN
hi-55	414	8	.	.	PUNCT
hi-55	415	1	“	"	PUNCT
hi-55	415	2	foreign	foreign	ADJ
hi-55	415	3	exchange	exchange	NOUN
hi-55	415	4	reserves	reserve	NOUN
hi-55	415	5	and	and	CCONJ
hi-55	415	6	exchange	exchange	NOUN
hi-55	415	7	rates	rate	NOUN
hi-55	415	8	in	in	ADP
hi-55	415	9	turkey	turkey	PROPN
hi-55	415	10	:	:	PUNCT
hi-55	415	11	structural	structural	ADJ
hi-55	415	12	breaks	break	NOUN
hi-55	415	13	,	,	PUNCT
hi-55	415	14	unit	unit	NOUN
hi-55	415	15	roots	root	NOUN
hi-55	415	16	and	and	CCONJ
hi-55	415	17	cointegration	cointegration	NOUN
hi-55	415	18	.	.	PUNCT
hi-55	415	19	”	"	PUNCT
hi-55	416	1	economic	economic	ADJ
hi-55	416	2	modelling	modelling	NOUN
hi-55	416	3	25	25	NUM
hi-55	416	4	,	,	PUNCT
hi-55	416	5	no	no	INTJ
hi-55	416	6	.	.	NOUN
hi-55	416	7	1	1	NUM
hi-55	416	8	(	(	PUNCT
hi-55	416	9	2008	2008	NUM
hi-55	416	10	):	):	PUNCT
hi-55	416	11	83	83	NUM
hi-55	416	12	-	-	SYM
hi-55	416	13	92	92	NUM
hi-55	416	14	.	.	PUNCT
hi-55	417	1	kearney	kearney	PROPN
hi-55	417	2	,	,	PUNCT
hi-55	417	3	colm	colm	PROPN
hi-55	417	4	,	,	PUNCT
hi-55	417	5	and	and	CCONJ
hi-55	417	6	ronald	ronald	PROPN
hi-55	417	7	macdonald	macdonald	PROPN
hi-55	417	8	.	.	PUNCT
hi-55	418	1	“	"	PUNCT
hi-55	418	2	rational	rational	ADJ
hi-55	418	3	expectations	expectation	NOUN
hi-55	418	4	,	,	PUNCT
hi-55	418	5	bubbles	bubble	NOUN
hi-55	418	6	and	and	CCONJ
hi-55	418	7	monetary	monetary	ADJ
hi-55	418	8	models	model	NOUN
hi-55	418	9	of	of	ADP
hi-55	418	10	the	the	DET
hi-55	418	11	exchange	exchange	NOUN
hi-55	418	12	rate	rate	NOUN
hi-55	418	13	:	:	PUNCT
hi-55	418	14	the	the	DET
hi-55	418	15	australian	australian	PROPN
hi-55	418	16	/	/	SYM
hi-55	418	17	us	us	PROPN
hi-55	418	18	dollar	dollar	NOUN
hi-55	418	19	rate	rate	NOUN
hi-55	418	20	during	during	ADP
hi-55	418	21	the	the	DET
hi-55	418	22	recent	recent	ADJ
hi-55	418	23	float	float	NOUN
hi-55	418	24	.	.	PUNCT
hi-55	418	25	”	"	PUNCT
hi-55	419	1	australian	australian	ADJ
hi-55	419	2	economic	economic	ADJ
hi-55	419	3	papers	paper	NOUN
hi-55	419	4	29	29	NUM
hi-55	419	5	,	,	PUNCT
hi-55	419	6	no	no	INTJ
hi-55	419	7	.	.	NOUN
hi-55	419	8	54	54	NUM
hi-55	419	9	(	(	PUNCT
hi-55	419	10	1990	1990	NUM
hi-55	419	11	):	):	PUNCT
hi-55	419	12	1	1	NUM
hi-55	419	13	-	-	SYM
hi-55	419	14	20	20	NUM
hi-55	419	15	.	.	PUNCT
hi-55	420	1	kemal	kemal	PROPN
hi-55	420	2	,	,	PUNCT
hi-55	420	3	m.	m.	PROPN
hi-55	420	4	ali	ali	PROPN
hi-55	420	5	,	,	PUNCT
hi-55	420	6	and	and	CCONJ
hi-55	420	7	usman	usman	PROPN
hi-55	420	8	qadir	qadir	PROPN
hi-55	420	9	.	.	PUNCT
hi-55	421	1	“	"	PUNCT
hi-55	421	2	real	real	ADJ
hi-55	421	3	exchange	exchange	NOUN
hi-55	421	4	rate	rate	NOUN
hi-55	421	5	,	,	PUNCT
hi-55	421	6	exports	export	NOUN
hi-55	421	7	,	,	PUNCT
hi-55	421	8	and	and	CCONJ
hi-55	421	9	imports	import	NOUN
hi-55	421	10	movements	movement	NOUN
hi-55	421	11	:	:	PUNCT
hi-55	421	12	a	a	DET
hi-55	421	13	trivariate	trivariate	NOUN
hi-55	421	14	analysis	analysis	NOUN
hi-55	421	15	.	.	PUNCT
hi-55	421	16	”	"	PUNCT
hi-55	422	1	the	the	DET
hi-55	422	2	pakistan	pakistan	PROPN
hi-55	422	3	development	development	PROPN
hi-55	422	4	review	review	PROPN
hi-55	422	5	(	(	PUNCT
hi-55	422	6	2005	2005	NUM
hi-55	422	7	):	):	PUNCT
hi-55	422	8	177	177	NUM
hi-55	422	9	-	-	SYM
hi-55	422	10	195	195	NUM
hi-55	422	11	.	.	PUNCT
hi-55	422	12	khan	khan	PROPN
hi-55	422	13	,	,	PUNCT
hi-55	422	14	abdul	abdul	PROPN
hi-55	422	15	jalil	jalil	PROPN
hi-55	422	16	,	,	PUNCT
hi-55	422	17	parvez	parvez	PROPN
hi-55	422	18	azim	azim	PROPN
hi-55	422	19	,	,	PUNCT
hi-55	422	20	and	and	CCONJ
hi-55	422	21	shabib	shabib	PROPN
hi-55	422	22	haider	haider	PROPN
hi-55	422	23	syed	syed	PROPN
hi-55	422	24	.	.	PUNCT
hi-55	423	1	“	"	PUNCT
hi-55	423	2	the	the	DET
hi-55	423	3	impact	impact	NOUN
hi-55	423	4	of	of	ADP
hi-55	423	5	exchange	exchange	NOUN
hi-55	423	6	rate	rate	NOUN
hi-55	423	7	volatility	volatility	NOUN
hi-55	423	8	on	on	ADP
hi-55	423	9	trade	trade	NOUN
hi-55	423	10	:	:	PUNCT
hi-55	423	11	a	a	DET
hi-55	423	12	panel	panel	NOUN
hi-55	423	13	study	study	NOUN
hi-55	423	14	on	on	ADP
hi-55	423	15	pakistan	pakistan	PROPN
hi-55	423	16	’s	’s	PART
hi-55	423	17	trading	trading	NOUN
hi-55	423	18	partners	partner	NOUN
hi-55	423	19	.	.	PUNCT
hi-55	423	20	”	"	PUNCT
hi-55	424	1	the	the	DET
hi-55	424	2	lahore	lahore	PROPN
hi-55	424	3	journal	journal	NOUN
hi-55	424	4	of	of	ADP
hi-55	424	5	economics	economic	NOUN
hi-55	424	6	19	19	NUM
hi-55	424	7	,	,	PUNCT
hi-55	424	8	no	no	INTJ
hi-55	424	9	.	.	NOUN
hi-55	424	10	1	1	NUM
hi-55	424	11	(	(	PUNCT
hi-55	424	12	2014	2014	NUM
hi-55	424	13	):	):	PUNCT
hi-55	424	14	31	31	NUM
hi-55	424	15	-	-	SYM
hi-55	424	16	66	66	NUM
hi-55	424	17	.	.	PUNCT
hi-55	425	1	khan	khan	PROPN
hi-55	425	2	,	,	PUNCT
hi-55	425	3	rana	rana	PROPN
hi-55	425	4	ejaz	ejaz	PROPN
hi-55	425	5	ali	ali	PROPN
hi-55	425	6	,	,	PUNCT
hi-55	425	7	rashid	rashid	PROPN
hi-55	425	8	sattar	sattar	PROPN
hi-55	425	9	,	,	PUNCT
hi-55	425	10	and	and	CCONJ
hi-55	425	11	hafeez	hafeez	PROPN
hi-55	425	12	rehman	rehman	PROPN
hi-55	425	13	.	.	PUNCT
hi-55	426	1	“	"	PUNCT
hi-55	426	2	effectiveness	effectiveness	NOUN
hi-55	426	3	of	of	ADP
hi-55	426	4	exchange	exchange	NOUN
hi-55	426	5	rate	rate	NOUN
hi-55	426	6	in	in	ADP
hi-55	426	7	pakistan	pakistan	PROPN
hi-55	426	8	:	:	PUNCT
hi-55	426	9	causality	causality	NOUN
hi-55	426	10	analysis	analysis	NOUN
hi-55	426	11	.	.	PUNCT
hi-55	426	12	”	"	PUNCT
hi-55	427	1	pak	pak	PROPN
hi-55	427	2	.	.	PUNCT
hi-55	428	1	j.	j.	PROPN
hi-55	428	2	commer	commer	PROPN
hi-55	428	3	.	.	PUNCT
hi-55	428	4	soc	soc	PROPN
hi-55	428	5	.	.	PUNCT
hi-55	429	1	sci	sci	PROPN
hi-55	429	2	6	6	NUM
hi-55	429	3	,	,	PUNCT
hi-55	429	4	no	no	INTJ
hi-55	429	5	.	.	NOUN
hi-55	429	6	1	1	NUM
hi-55	429	7	(	(	PUNCT
hi-55	429	8	2012	2012	NUM
hi-55	429	9	):	):	PUNCT
hi-55	429	10	83	83	NUM
hi-55	429	11	-	-	SYM
hi-55	429	12	96	96	NUM
hi-55	429	13	.	.	PUNCT
hi-55	430	1	khraiche	khraiche	PROPN
hi-55	430	2	,	,	PUNCT
hi-55	430	3	maroula	maroula	NOUN
hi-55	430	4	,	,	PUNCT
hi-55	430	5	and	and	CCONJ
hi-55	430	6	jeffrey	jeffrey	PROPN
hi-55	430	7	gaudette	gaudette	PROPN
hi-55	430	8	.	.	PUNCT
hi-55	431	1	“	"	PUNCT
hi-55	431	2	fdi	fdi	NOUN
hi-55	431	3	,	,	PUNCT
hi-55	431	4	exchange	exchange	NOUN
hi-55	431	5	rate	rate	NOUN
hi-55	431	6	volatility	volatility	NOUN
hi-55	431	7	and	and	CCONJ
hi-55	431	8	financial	financial	ADJ
hi-55	431	9	development	development	NOUN
hi-55	431	10	:	:	PUNCT
hi-55	431	11	regional	regional	ADJ
hi-55	431	12	differences	difference	NOUN
hi-55	431	13	in	in	ADP
hi-55	431	14	emerging	emerge	VERB
hi-55	431	15	economies	economy	NOUN
hi-55	431	16	.	.	PUNCT
hi-55	431	17	”	"	PUNCT
hi-55	432	1	economics	economic	NOUN
hi-55	432	2	bulletin	bulletin	NOUN
hi-55	432	3	33	33	NUM
hi-55	432	4	,	,	PUNCT
hi-55	432	5	no	no	INTJ
hi-55	432	6	.	.	NOUN
hi-55	432	7	4	4	NUM
hi-55	432	8	(	(	PUNCT
hi-55	432	9	2013	2013	NUM
hi-55	432	10	):	):	PUNCT
hi-55	432	11	3143	3143	NUM
hi-55	432	12	-	-	SYM
hi-55	432	13	3156	3156	NUM
hi-55	432	14	.	.	PUNCT
hi-55	433	1	kilicarslan	kilicarslan	PROPN
hi-55	433	2	,	,	PUNCT
hi-55	433	3	zerrin	zerrin	PROPN
hi-55	433	4	.	.	PUNCT
hi-55	434	1	“	"	PUNCT
hi-55	434	2	determinants	determinant	NOUN
hi-55	434	3	of	of	ADP
hi-55	434	4	exchange	exchange	NOUN
hi-55	434	5	rate	rate	NOUN
hi-55	434	6	volatility	volatility	NOUN
hi-55	434	7	:	:	PUNCT
hi-55	434	8	empirical	empirical	ADJ
hi-55	434	9	evidence	evidence	NOUN
hi-55	434	10	for	for	ADP
hi-55	434	11	turkey	turkey	NOUN
hi-55	434	12	.	.	PUNCT
hi-55	434	13	”	"	PUNCT
hi-55	434	14	journal	journal	NOUN
hi-55	434	15	of	of	ADP
hi-55	434	16	economics	economic	NOUN
hi-55	434	17	,	,	PUNCT
hi-55	434	18	finance	finance	NOUN
hi-55	434	19	and	and	CCONJ
hi-55	434	20	accounting	account	VERB
hi-55	434	21	5	5	NUM
hi-55	434	22	,	,	PUNCT
hi-55	434	23	no	no	INTJ
hi-55	434	24	.	.	NOUN
hi-55	434	25	2	2	NUM
hi-55	434	26	(	(	PUNCT
hi-55	434	27	2018	2018	NUM
hi-55	434	28	):	):	PUNCT
hi-55	434	29	2042013	2042013	NUM
hi-55	434	30	.	.	PUNCT
hi-55	435	1	kim	kim	PROPN
hi-55	435	2	,	,	PUNCT
hi-55	435	3	benjamin	benjamin	PROPN
hi-55	435	4	jc	jc	PROPN
hi-55	435	5	,	,	PUNCT
hi-55	435	6	and	and	CCONJ
hi-55	435	7	soowon	soowon	PROPN
hi-55	435	8	mo	mo	PROPN
hi-55	435	9	.	.	PUNCT
hi-55	435	10	“	"	PUNCT
hi-55	435	11	cointegration	cointegration	NOUN
hi-55	435	12	and	and	CCONJ
hi-55	435	13	the	the	DET
hi-55	435	14	long	long	ADV
hi-55	435	15	-	-	PUNCT
hi-55	435	16	run	run	VERB
hi-55	435	17	forecast	forecast	NOUN
hi-55	435	18	of	of	ADP
hi-55	435	19	exchange	exchange	NOUN
hi-55	435	20	rates	rate	NOUN
hi-55	435	21	.	.	PUNCT
hi-55	435	22	”	"	PUNCT
hi-55	436	1	economics	economic	NOUN
hi-55	436	2	letters	letter	NOUN
hi-55	436	3	48	48	NUM
hi-55	436	4	,	,	PUNCT
hi-55	436	5	no	no	INTJ
hi-55	436	6	.	.	NOUN
hi-55	437	1	3	3	NUM
hi-55	437	2	-	-	SYM
hi-55	437	3	4	4	NUM
hi-55	437	4	(	(	PUNCT
hi-55	437	5	1995	1995	NUM
hi-55	437	6	):	):	PUNCT
hi-55	437	7	353	353	NUM
hi-55	437	8	-	-	SYM
hi-55	437	9	359	359	NUM
hi-55	437	10	.	.	PUNCT
hi-55	437	11	leelee	leelee	PROPN
hi-55	437	12	,	,	PUNCT
hi-55	437	13	chong	chong	PROPN
hi-55	437	14	,	,	PUNCT
hi-55	437	15	and	and	CCONJ
hi-55	437	16	tan	tan	PROPN
hi-55	437	17	huiboon	huiboon	NOUN
hi-55	437	18	.	.	PUNCT
hi-55	438	1	“	"	PUNCT
hi-55	438	2	macroeconomic	macroeconomic	ADJ
hi-55	438	3	factors	factor	NOUN
hi-55	438	4	of	of	ADP
hi-55	438	5	exchange	exchange	NOUN
hi-55	438	6	rate	rate	NOUN
hi-55	438	7	volatility	volatility	NOUN
hi-55	438	8	.	.	PUNCT
hi-55	438	9	”	"	PUNCT
hi-55	439	1	studies	study	NOUN
hi-55	439	2	in	in	ADP
hi-55	439	3	economics	economic	NOUN
hi-55	439	4	and	and	CCONJ
hi-55	439	5	finance	finance	NOUN
hi-55	439	6	24	24	NUM
hi-55	439	7	,	,	PUNCT
hi-55	439	8	no	no	INTJ
hi-55	439	9	.	.	NOUN
hi-55	439	10	4	4	NUM
hi-55	439	11	(	(	PUNCT
hi-55	439	12	2007	2007	NUM
hi-55	439	13	)	)	PUNCT
hi-55	439	14	,	,	PUNCT
hi-55	439	15	266	266	NUM
hi-55	439	16	-	-	SYM
hi-55	439	17	285	285	NUM
hi-55	439	18	.	.	PUNCT
hi-55	440	1	levin	levin	PROPN
hi-55	440	2	,	,	PUNCT
hi-55	440	3	andrew	andrew	PROPN
hi-55	440	4	,	,	PUNCT
hi-55	440	5	chien	chien	PROPN
hi-55	440	6	-	-	PUNCT
hi-55	440	7	fu	fu	PROPN
hi-55	440	8	lin	lin	PROPN
hi-55	440	9	,	,	PUNCT
hi-55	440	10	and	and	CCONJ
hi-55	440	11	chia	chia	PROPN
hi-55	440	12	-	-	PUNCT
hi-55	440	13	shang	shang	PROPN
hi-55	440	14	james	james	PROPN
hi-55	440	15	chu	chu	PROPN
hi-55	440	16	.	.	PUNCT
hi-55	441	1	“	"	PUNCT
hi-55	441	2	unit	unit	NOUN
hi-55	441	3	root	root	NOUN
hi-55	441	4	tests	test	NOUN
hi-55	441	5	in	in	ADP
hi-55	441	6	panel	panel	NOUN
hi-55	441	7	data	datum	NOUN
hi-55	441	8	:	:	PUNCT
hi-55	441	9	asymptotic	asymptotic	ADJ
hi-55	441	10	and	and	CCONJ
hi-55	441	11	finite	finite	ADJ
hi-55	441	12	-	-	PUNCT
hi-55	441	13	sample	sample	NOUN
hi-55	441	14	properties	property	NOUN
hi-55	441	15	.	.	PUNCT
hi-55	441	16	”	"	PUNCT
hi-55	441	17	journal	journal	NOUN
hi-55	441	18	of	of	ADP
hi-55	441	19	econometrics	econometric	NOUN
hi-55	441	20	108	108	NUM
hi-55	441	21	,	,	PUNCT
hi-55	441	22	no	no	INTJ
hi-55	441	23	.	.	NOUN
hi-55	441	24	1	1	NUM
hi-55	441	25	(	(	PUNCT
hi-55	441	26	2002	2002	NUM
hi-55	441	27	):	):	PUNCT
hi-55	441	28	1	1	NUM
hi-55	441	29	-	-	SYM
hi-55	441	30	24	24	NUM
hi-55	441	31	.	.	PUNCT
hi-55	442	1	macdonald	macdonald	PROPN
hi-55	442	2	,	,	PUNCT
hi-55	442	3	ronald	ronald	PROPN
hi-55	442	4	.	.	PUNCT
hi-55	443	1	“	"	PUNCT
hi-55	443	2	exchange	exchange	NOUN
hi-55	443	3	rate	rate	NOUN
hi-55	443	4	behaviour	behaviour	NOUN
hi-55	443	5	:	:	PUNCT
hi-55	443	6	are	be	AUX
hi-55	443	7	fundamentals	fundamental	NOUN
hi-55	443	8	important	important	ADJ
hi-55	443	9	?	?	PUNCT
hi-55	443	10	.	.	PUNCT
hi-55	443	11	”	"	PUNCT
hi-55	444	1	the	the	DET
hi-55	444	2	economic	economic	ADJ
hi-55	444	3	journal	journal	NOUN
hi-55	444	4	109	109	NUM
hi-55	444	5	,	,	PUNCT
hi-55	444	6	no	no	INTJ
hi-55	444	7	.	.	NOUN
hi-55	444	8	459	459	NUM
hi-55	444	9	(	(	PUNCT
hi-55	444	10	1999	1999	NUM
hi-55	444	11	):	):	PUNCT
hi-55	444	12	673	673	NUM
hi-55	444	13	-	-	SYM
hi-55	444	14	691	691	NUM
hi-55	444	15	.	.	PUNCT
hi-55	445	1	madesha	madesha	PROPN
hi-55	445	2	,	,	PUNCT
hi-55	445	3	wellington	wellington	PROPN
hi-55	445	4	,	,	PUNCT
hi-55	445	5	clainos	clainos	PROPN
hi-55	445	6	chidoko	chidoko	PROPN
hi-55	445	7	,	,	PUNCT
hi-55	445	8	and	and	CCONJ
hi-55	445	9	james	james	PROPN
hi-55	445	10	zivanomoyo	zivanomoyo	PROPN
hi-55	445	11	.	.	PUNCT
hi-55	446	1	“	"	PUNCT
hi-55	446	2	empirical	empirical	ADJ
hi-55	446	3	test	test	NOUN
hi-55	446	4	of	of	ADP
hi-55	446	5	the	the	DET
hi-55	446	6	relationship	relationship	NOUN
hi-55	446	7	between	between	ADP
hi-55	446	8	exchange	exchange	NOUN
hi-55	446	9	rate	rate	NOUN
hi-55	446	10	and	and	CCONJ
hi-55	446	11	inflation	inflation	NOUN
hi-55	446	12	in	in	ADP
hi-55	446	13	zimbabwe	zimbabwe	PROPN
hi-55	446	14	.	.	PUNCT
hi-55	446	15	”	"	PUNCT
hi-55	447	1	journal	journal	NOUN
hi-55	447	2	of	of	ADP
hi-55	447	3	economics	economic	NOUN
hi-55	447	4	and	and	CCONJ
hi-55	447	5	sustainable	sustainable	ADJ
hi-55	447	6	development	development	NOUN
hi-55	447	7	4	4	NUM
hi-55	447	8	,	,	PUNCT
hi-55	447	9	no	no	INTJ
hi-55	447	10	.	.	NOUN
hi-55	447	11	1	1	NUM
hi-55	447	12	(	(	PUNCT
hi-55	447	13	2013	2013	NUM
hi-55	447	14	):	):	PUNCT
hi-55	447	15	52	52	NUM
hi-55	447	16	-	-	SYM
hi-55	447	17	58	58	NUM
hi-55	447	18	.	.	PUNCT
hi-55	448	1	94	94	NUM
hi-55	448	2	macroeconomics	macroeconomic	NOUN
hi-55	448	3	indicators	indicator	NOUN
hi-55	448	4	contributing	contribute	VERB
hi-55	448	5	...	...	PUNCT
hi-55	448	6	mahmood	mahmood	PROPN
hi-55	448	7	,	,	PUNCT
hi-55	448	8	iqbal	iqbal	PROPN
hi-55	448	9	,	,	PUNCT
hi-55	448	10	major	major	ADJ
hi-55	448	11	ehsanullah	ehsanullah	NOUN
hi-55	448	12	,	,	PUNCT
hi-55	448	13	and	and	CCONJ
hi-55	448	14	ahmed	ahmed	PROPN
hi-55	448	15	habib	habib	PROPN
hi-55	448	16	.	.	PUNCT
hi-55	449	1	“	"	PUNCT
hi-55	449	2	exchange	exchange	NOUN
hi-55	449	3	rate	rate	NOUN
hi-55	449	4	volatility	volatility	NOUN
hi-55	449	5	&	&	CCONJ
hi-55	449	6	macroeconomic	macroeconomic	ADJ
hi-55	449	7	variables	variable	NOUN
hi-55	449	8	in	in	ADP
hi-55	449	9	pakistan	pakistan	PROPN
hi-55	449	10	.	.	PUNCT
hi-55	449	11	”	"	PUNCT
hi-55	450	1	business	business	NOUN
hi-55	450	2	management	management	NOUN
hi-55	450	3	dynamics	dynamic	NOUN
hi-55	450	4	1	1	NUM
hi-55	450	5	,	,	PUNCT
hi-55	450	6	no	no	INTJ
hi-55	450	7	.	.	NOUN
hi-55	450	8	2	2	NUM
hi-55	450	9	(	(	PUNCT
hi-55	450	10	2011	2011	NUM
hi-55	450	11	):	):	PUNCT
hi-55	450	12	11	11	NUM
hi-55	450	13	-	-	SYM
hi-55	450	14	22	22	NUM
hi-55	450	15	.	.	PUNCT
hi-55	451	1	mark	mark	PROPN
hi-55	451	2	,	,	PUNCT
hi-55	451	3	nelson	nelson	PROPN
hi-55	451	4	c.	c.	PROPN
hi-55	451	5	,	,	PUNCT
hi-55	451	6	and	and	CCONJ
hi-55	451	7	donggyu	donggyu	VERB
hi-55	451	8	sul	sul	PROPN
hi-55	451	9	.	.	PUNCT
hi-55	452	1	“	"	PUNCT
hi-55	452	2	nominal	nominal	ADJ
hi-55	452	3	exchange	exchange	NOUN
hi-55	452	4	rates	rate	NOUN
hi-55	452	5	and	and	CCONJ
hi-55	452	6	monetary	monetary	ADJ
hi-55	452	7	fundamentals	fundamental	NOUN
hi-55	452	8	:	:	PUNCT
hi-55	452	9	evidence	evidence	NOUN
hi-55	452	10	from	from	ADP
hi-55	452	11	a	a	DET
hi-55	452	12	small	small	ADJ
hi-55	452	13	post	post	ADJ
hi-55	452	14	-	-	ADJ
hi-55	452	15	bretton	bretton	ADJ
hi-55	452	16	woods	woods	PROPN
hi-55	452	17	panel	panel	NOUN
hi-55	452	18	.	.	PUNCT
hi-55	452	19	”	"	PUNCT
hi-55	453	1	journal	journal	NOUN
hi-55	453	2	of	of	ADP
hi-55	453	3	international	international	ADJ
hi-55	453	4	economics	economic	NOUN
hi-55	453	5	53	53	NUM
hi-55	453	6	,	,	PUNCT
hi-55	453	7	no	no	INTJ
hi-55	453	8	.	.	NOUN
hi-55	453	9	1	1	NUM
hi-55	453	10	(	(	PUNCT
hi-55	453	11	2001	2001	NUM
hi-55	453	12	):	):	PUNCT
hi-55	453	13	29	29	NUM
hi-55	453	14	-	-	SYM
hi-55	453	15	52	52	NUM
hi-55	453	16	.	.	PUNCT
hi-55	454	1	mcpherson	mcpherson	PROPN
hi-55	454	2	,	,	PUNCT
hi-55	454	3	malcolm	malcolm	PROPN
hi-55	454	4	f.	f.	PROPN
hi-55	454	5	,	,	PUNCT
hi-55	454	6	and	and	CCONJ
hi-55	454	7	tzvetana	tzvetana	PROPN
hi-55	454	8	rakovski	rakovski	ADJ
hi-55	454	9	.	.	PUNCT
hi-55	455	1	exchange	exchange	NOUN
hi-55	455	2	rates	rate	NOUN
hi-55	455	3	and	and	CCONJ
hi-55	455	4	economic	economic	ADJ
hi-55	455	5	growth	growth	NOUN
hi-55	455	6	in	in	ADP
hi-55	455	7	kenya	kenya	PROPN
hi-55	455	8	:	:	PUNCT
hi-55	455	9	an	an	DET
hi-55	455	10	econometric	econometric	ADJ
hi-55	455	11	analysis	analysis	NOUN
hi-55	455	12	.	.	PUNCT
hi-55	456	1	papers	paper	NOUN
hi-55	456	2	651	651	NUM
hi-55	456	3	.	.	PUNCT
hi-55	457	1	harvard	harvard	PROPN
hi-55	457	2	institute	institute	PROPN
hi-55	457	3	for	for	ADP
hi-55	457	4	international	international	ADJ
hi-55	457	5	development	development	NOUN
hi-55	457	6	,	,	PUNCT
hi-55	457	7	1998	1998	NUM
hi-55	457	8	.	.	PUNCT
hi-55	458	1	meese	meese	PROPN
hi-55	458	2	,	,	PUNCT
hi-55	458	3	richard	richard	PROPN
hi-55	458	4	a.	a.	PROPN
hi-55	458	5	,	,	PUNCT
hi-55	458	6	and	and	CCONJ
hi-55	458	7	kenneth	kenneth	PROPN
hi-55	458	8	rogoff	rogoff	PROPN
hi-55	458	9	.	.	PUNCT
hi-55	459	1	“	"	PUNCT
hi-55	459	2	empirical	empirical	ADJ
hi-55	459	3	exchange	exchange	NOUN
hi-55	459	4	rate	rate	NOUN
hi-55	459	5	models	model	NOUN
hi-55	459	6	of	of	ADP
hi-55	459	7	the	the	DET
hi-55	459	8	seventies	seventy	NOUN
hi-55	459	9	:	:	PUNCT
hi-55	459	10	do	do	AUX
hi-55	459	11	they	they	PRON
hi-55	459	12	fit	fit	VERB
hi-55	459	13	out	out	ADP
hi-55	459	14	of	of	ADP
hi-55	459	15	sample	sample	NOUN
hi-55	459	16	?	?	PUNCT
hi-55	459	17	.	.	PUNCT
hi-55	459	18	”	"	PUNCT
hi-55	460	1	journal	journal	NOUN
hi-55	460	2	of	of	ADP
hi-55	460	3	international	international	ADJ
hi-55	460	4	economics	economic	NOUN
hi-55	460	5	14	14	NUM
hi-55	460	6	,	,	PUNCT
hi-55	460	7	no	no	INTJ
hi-55	460	8	.	.	NOUN
hi-55	460	9	1	1	NUM
hi-55	460	10	-	-	SYM
hi-55	460	11	2	2	NUM
hi-55	460	12	(	(	PUNCT
hi-55	460	13	1983a	1983a	NUM
hi-55	460	14	):	):	PUNCT
hi-55	460	15	3	3	NUM
hi-55	460	16	-	-	SYM
hi-55	460	17	24	24	NUM
hi-55	460	18	.	.	PUNCT
hi-55	461	1	meese	meese	PROPN
hi-55	461	2	,	,	PUNCT
hi-55	461	3	richard	richard	PROPN
hi-55	461	4	,	,	PUNCT
hi-55	461	5	and	and	CCONJ
hi-55	461	6	kenneth	kenneth	PROPN
hi-55	461	7	rogoff	rogoff	PROPN
hi-55	461	8	.	.	PUNCT
hi-55	462	1	“	"	PUNCT
hi-55	462	2	the	the	DET
hi-55	462	3	out	out	ADV
hi-55	462	4	-	-	PUNCT
hi-55	462	5	of	of	ADP
hi-55	462	6	-	-	PUNCT
hi-55	462	7	sample	sample	NOUN
hi-55	462	8	failure	failure	NOUN
hi-55	462	9	of	of	ADP
hi-55	462	10	empirical	empirical	ADJ
hi-55	462	11	exchange	exchange	NOUN
hi-55	462	12	rate	rate	NOUN
hi-55	462	13	models	model	NOUN
hi-55	462	14	:	:	PUNCT
hi-55	462	15	sampling	sample	VERB
hi-55	462	16	error	error	NOUN
hi-55	462	17	or	or	CCONJ
hi-55	462	18	misspecification	misspecification	NOUN
hi-55	462	19	?	?	PUNCT
hi-55	462	20	.	.	PUNCT
hi-55	462	21	”	"	PUNCT
hi-55	463	1	in	in	ADP
hi-55	463	2	exchange	exchange	NOUN
hi-55	463	3	rates	rate	NOUN
hi-55	463	4	and	and	CCONJ
hi-55	463	5	international	international	ADJ
hi-55	463	6	macroeconomics	macroeconomic	NOUN
hi-55	463	7	,	,	PUNCT
hi-55	463	8	pp	pp	ADJ
hi-55	463	9	.	.	PUNCT
hi-55	463	10	67	67	NUM
hi-55	463	11	-	-	SYM
hi-55	463	12	112	112	NUM
hi-55	463	13	.	.	PUNCT
hi-55	464	1	university	university	NOUN
hi-55	464	2	of	of	ADP
hi-55	464	3	chicago	chicago	PROPN
hi-55	464	4	press	press	NOUN
hi-55	464	5	,	,	PUNCT
hi-55	464	6	1983b	1983b	NUM
hi-55	464	7	.	.	PUNCT
hi-55	465	1	morana	morana	ADJ
hi-55	465	2	,	,	PUNCT
hi-55	465	3	claudio	claudio	NOUN
hi-55	465	4	.	.	PUNCT
hi-55	466	1	“	"	PUNCT
hi-55	466	2	on	on	ADP
hi-55	466	3	the	the	DET
hi-55	466	4	macroeconomic	macroeconomic	ADJ
hi-55	466	5	causes	cause	NOUN
hi-55	466	6	of	of	ADP
hi-55	466	7	exchange	exchange	NOUN
hi-55	466	8	rate	rate	NOUN
hi-55	466	9	volatility	volatility	NOUN
hi-55	466	10	.	.	PUNCT
hi-55	466	11	”	"	PUNCT
hi-55	466	12	international	international	ADJ
hi-55	466	13	journal	journal	NOUN
hi-55	466	14	of	of	ADP
hi-55	466	15	forecasting	forecasting	NOUN
hi-55	466	16	25	25	NUM
hi-55	466	17	,	,	PUNCT
hi-55	466	18	no	no	INTJ
hi-55	466	19	.	.	NOUN
hi-55	466	20	2	2	NUM
hi-55	466	21	(	(	PUNCT
hi-55	466	22	2009	2009	NUM
hi-55	466	23	):	):	PUNCT
hi-55	466	24	328	328	NUM
hi-55	466	25	-	-	SYM
hi-55	466	26	350	350	NUM
hi-55	466	27	.	.	PUNCT
hi-55	466	28	newey	newey	PROPN
hi-55	466	29	,	,	PUNCT
hi-55	466	30	whitney	whitney	PROPN
hi-55	466	31	k.	k.	PROPN
hi-55	466	32	,	,	PUNCT
hi-55	466	33	and	and	CCONJ
hi-55	466	34	kenneth	kenneth	PROPN
hi-55	466	35	d.	d.	PROPN
hi-55	466	36	west	west	PROPN
hi-55	466	37	.	.	PUNCT
hi-55	467	1	“	"	PUNCT
hi-55	467	2	automatic	automatic	ADJ
hi-55	467	3	lag	lag	NOUN
hi-55	467	4	selection	selection	NOUN
hi-55	467	5	in	in	ADP
hi-55	467	6	covariance	covariance	NOUN
hi-55	467	7	matrix	matrix	NOUN
hi-55	467	8	estimation	estimation	NOUN
hi-55	467	9	.	.	PUNCT
hi-55	467	10	”	"	PUNCT
hi-55	468	1	the	the	DET
hi-55	468	2	review	review	NOUN
hi-55	468	3	of	of	ADP
hi-55	468	4	economic	economic	ADJ
hi-55	468	5	studies	study	NOUN
hi-55	468	6	61	61	NUM
hi-55	468	7	,	,	PUNCT
hi-55	468	8	no	no	INTJ
hi-55	468	9	.	.	NOUN
hi-55	468	10	4	4	NUM
hi-55	468	11	(	(	PUNCT
hi-55	468	12	1994	1994	NUM
hi-55	468	13	):	):	PUNCT
hi-55	468	14	631	631	NUM
hi-55	468	15	-	-	PUNCT
hi-55	468	16	653	653	NUM
hi-55	468	17	.	.	PUNCT
hi-55	468	18	ojo	ojo	NOUN
hi-55	468	19	,	,	PUNCT
hi-55	468	20	ade	ade	PROPN
hi-55	468	21	t.	t.	PROPN
hi-55	468	22	,	,	PUNCT
hi-55	468	23	and	and	CCONJ
hi-55	468	24	philip	philip	PROPN
hi-55	468	25	o.	o.	PROPN
hi-55	468	26	alege	alege	PROPN
hi-55	468	27	.	.	PUNCT
hi-55	469	1	“	"	PUNCT
hi-55	469	2	exchange	exchange	NOUN
hi-55	469	3	rate	rate	NOUN
hi-55	469	4	fluctuations	fluctuation	NOUN
hi-55	469	5	and	and	CCONJ
hi-55	469	6	macroeconomic	macroeconomic	ADJ
hi-55	469	7	performance	performance	NOUN
hi-55	469	8	in	in	ADP
hi-55	469	9	sub	sub	ADJ
hi-55	469	10	-	-	ADJ
hi-55	469	11	saharan	saharan	ADJ
hi-55	469	12	africa	africa	PROPN
hi-55	469	13	:	:	PUNCT
hi-55	469	14	a	a	DET
hi-55	469	15	dynamic	dynamic	ADJ
hi-55	469	16	panel	panel	NOUN
hi-55	469	17	cointegration	cointegration	NOUN
hi-55	469	18	analysis	analysis	NOUN
hi-55	469	19	.	.	PUNCT
hi-55	469	20	”	"	PUNCT
hi-55	470	1	asian	asian	ADJ
hi-55	470	2	economic	economic	ADJ
hi-55	470	3	and	and	CCONJ
hi-55	470	4	financial	financial	ADJ
hi-55	470	5	review	review	NOUN
hi-55	470	6	4	4	NUM
hi-55	470	7	,	,	PUNCT
hi-55	470	8	no	no	INTJ
hi-55	470	9	.	.	NOUN
hi-55	470	10	11	11	NUM
hi-55	470	11	(	(	PUNCT
hi-55	470	12	2014	2014	NUM
hi-55	470	13	):	):	PUNCT
hi-55	470	14	1573	1573	NUM
hi-55	470	15	-	-	SYM
hi-55	470	16	1591	1591	NUM
hi-55	470	17	.	.	PUNCT
hi-55	471	1	pesaran	pesaran	VERB
hi-55	471	2	,	,	PUNCT
hi-55	471	3	m.	m.	NOUN
hi-55	471	4	hashem	hashem	PROPN
hi-55	471	5	,	,	PUNCT
hi-55	471	6	yongcheol	yongcheol	NOUN
hi-55	471	7	shin	shin	NOUN
hi-55	471	8	,	,	PUNCT
hi-55	471	9	and	and	CCONJ
hi-55	471	10	ron	ron	PROPN
hi-55	471	11	p.	p.	PROPN
hi-55	471	12	smith	smith	PROPN
hi-55	471	13	.	.	PUNCT
hi-55	472	1	“	"	PUNCT
hi-55	472	2	pooled	pool	VERB
hi-55	472	3	mean	mean	NOUN
hi-55	472	4	group	group	NOUN
hi-55	472	5	estimation	estimation	NOUN
hi-55	472	6	of	of	ADP
hi-55	472	7	dynamic	dynamic	ADJ
hi-55	472	8	heterogeneous	heterogeneous	ADJ
hi-55	472	9	panels	panel	NOUN
hi-55	472	10	.	.	PUNCT
hi-55	472	11	”	"	PUNCT
hi-55	473	1	journal	journal	NOUN
hi-55	473	2	of	of	ADP
hi-55	473	3	the	the	DET
hi-55	473	4	american	american	PROPN
hi-55	473	5	statistical	statistical	ADJ
hi-55	473	6	association	association	NOUN
hi-55	473	7	94	94	NUM
hi-55	473	8	,	,	PUNCT
hi-55	473	9	no	no	INTJ
hi-55	473	10	.	.	NOUN
hi-55	473	11	446	446	NUM
hi-55	473	12	(	(	PUNCT
hi-55	473	13	1999	1999	NUM
hi-55	473	14	):	):	PUNCT
hi-55	473	15	621	621	NUM
hi-55	473	16	-	-	SYM
hi-55	473	17	634	634	NUM
hi-55	473	18	.	.	PUNCT
hi-55	474	1	prabheesh	prabheesh	NOUN
hi-55	474	2	,	,	PUNCT
hi-55	474	3	k.	k.	PROPN
hi-55	475	1	p.	p.	PROPN
hi-55	475	2	,	,	PUNCT
hi-55	475	3	d.	d.	PROPN
hi-55	475	4	malathy	malathy	ADV
hi-55	475	5	,	,	PUNCT
hi-55	475	6	and	and	CCONJ
hi-55	475	7	r.	r.	PROPN
hi-55	475	8	madhumathi	madhumathi	PROPN
hi-55	475	9	.	.	PUNCT
hi-55	476	1	“	"	PUNCT
hi-55	476	2	demand	demand	NOUN
hi-55	476	3	for	for	ADP
hi-55	476	4	foreign	foreign	ADJ
hi-55	476	5	exchange	exchange	NOUN
hi-55	476	6	reserves	reserve	NOUN
hi-55	476	7	in	in	ADP
hi-55	476	8	india	india	PROPN
hi-55	476	9	:	:	PUNCT
hi-55	476	10	a	a	DET
hi-55	476	11	co	co	NOUN
hi-55	476	12	-	-	NOUN
hi-55	476	13	integration	integration	NOUN
hi-55	476	14	approach	approach	NOUN
hi-55	476	15	.	.	PUNCT
hi-55	476	16	”	"	PUNCT
hi-55	477	1	(	(	PUNCT
hi-55	477	2	2007	2007	NUM
hi-55	477	3	):	):	PUNCT
hi-55	477	4	36	36	NUM
hi-55	477	5	-	-	SYM
hi-55	477	6	46	46	NUM
hi-55	477	7	.	.	PUNCT
hi-55	477	8	ramasamy	ramasamy	PROPN
hi-55	477	9	,	,	PUNCT
hi-55	477	10	ravindran	ravindran	NOUN
hi-55	477	11	,	,	PUNCT
hi-55	477	12	and	and	CCONJ
hi-55	477	13	soroush	soroush	PROPN
hi-55	477	14	karimi	karimi	PROPN
hi-55	477	15	abar	abar	PROPN
hi-55	477	16	.	.	PUNCT
hi-55	478	1	“	"	PUNCT
hi-55	478	2	influence	influence	NOUN
hi-55	478	3	of	of	ADP
hi-55	478	4	macroeconomic	macroeconomic	ADJ
hi-55	478	5	variables	variable	NOUN
hi-55	478	6	on	on	ADP
hi-55	478	7	exchange	exchange	NOUN
hi-55	478	8	rates	rate	NOUN
hi-55	478	9	.	.	PUNCT
hi-55	478	10	”	"	PUNCT
hi-55	478	11	journal	journal	NOUN
hi-55	478	12	of	of	ADP
hi-55	478	13	economics	economic	NOUN
hi-55	478	14	,	,	PUNCT
hi-55	478	15	business	business	NOUN
hi-55	478	16	and	and	CCONJ
hi-55	478	17	management	management	NOUN
hi-55	478	18	3	3	NUM
hi-55	478	19	,	,	PUNCT
hi-55	478	20	no	no	INTJ
hi-55	478	21	.	.	NOUN
hi-55	478	22	2	2	NUM
hi-55	478	23	(	(	PUNCT
hi-55	478	24	2015	2015	NUM
hi-55	478	25	):	):	PUNCT
hi-55	478	26	276	276	NUM
hi-55	478	27	-	-	SYM
hi-55	478	28	281	281	NUM
hi-55	478	29	.	.	PUNCT
hi-55	479	1	rapach	rapach	VERB
hi-55	479	2	,	,	PUNCT
hi-55	479	3	david	david	PROPN
hi-55	479	4	e.	e.	PROPN
hi-55	479	5	,	,	PUNCT
hi-55	479	6	and	and	CCONJ
hi-55	479	7	mark	mark	PROPN
hi-55	479	8	e.	e.	PROPN
hi-55	479	9	wohar	wohar	PROPN
hi-55	479	10	.	.	PUNCT
hi-55	480	1	“	"	PUNCT
hi-55	480	2	testing	test	VERB
hi-55	480	3	the	the	DET
hi-55	480	4	monetary	monetary	ADJ
hi-55	480	5	model	model	NOUN
hi-55	480	6	of	of	ADP
hi-55	480	7	exchange	exchange	NOUN
hi-55	480	8	rate	rate	NOUN
hi-55	480	9	determination	determination	NOUN
hi-55	480	10	:	:	PUNCT
hi-55	480	11	new	new	ADJ
hi-55	480	12	evidence	evidence	NOUN
hi-55	480	13	from	from	ADP
hi-55	480	14	a	a	DET
hi-55	480	15	century	century	NOUN
hi-55	480	16	of	of	ADP
hi-55	480	17	data	datum	NOUN
hi-55	480	18	.	.	PUNCT
hi-55	480	19	”	"	PUNCT
hi-55	480	20	journal	journal	NOUN
hi-55	480	21	of	of	ADP
hi-55	480	22	international	international	ADJ
hi-55	480	23	economics	economic	NOUN
hi-55	480	24	58	58	NUM
hi-55	480	25	,	,	PUNCT
hi-55	480	26	no	no	INTJ
hi-55	480	27	.	.	NOUN
hi-55	480	28	2	2	NUM
hi-55	480	29	(	(	PUNCT
hi-55	480	30	2002	2002	NUM
hi-55	480	31	):	):	PUNCT
hi-55	480	32	359	359	NUM
hi-55	480	33	-	-	SYM
hi-55	480	34	385	385	NUM
hi-55	480	35	.	.	PUNCT
hi-55	481	1	rapetti	rapetti	NOUN
hi-55	481	2	,	,	PUNCT
hi-55	481	3	martin	martin	PROPN
hi-55	481	4	,	,	PUNCT
hi-55	481	5	peter	peter	PROPN
hi-55	481	6	skott	skott	PROPN
hi-55	481	7	,	,	PUNCT
hi-55	481	8	and	and	CCONJ
hi-55	481	9	arslan	arslan	PROPN
hi-55	481	10	razmi	razmi	PROPN
hi-55	481	11	.	.	PUNCT
hi-55	482	1	“	"	PUNCT
hi-55	482	2	the	the	DET
hi-55	482	3	real	real	ADJ
hi-55	482	4	exchange	exchange	NOUN
hi-55	482	5	rate	rate	NOUN
hi-55	482	6	and	and	CCONJ
hi-55	482	7	economic	economic	ADJ
hi-55	482	8	growth	growth	NOUN
hi-55	482	9	:	:	PUNCT
hi-55	482	10	are	be	AUX
hi-55	482	11	developing	develop	VERB
hi-55	482	12	countries	country	NOUN
hi-55	482	13	different	different	ADJ
hi-55	482	14	?	?	PUNCT
hi-55	482	15	.	.	PUNCT
hi-55	482	16	”	"	PUNCT
hi-55	483	1	international	international	ADJ
hi-55	483	2	review	review	NOUN
hi-55	483	3	of	of	ADP
hi-55	483	4	applied	applied	ADJ
hi-55	483	5	economics	economic	NOUN
hi-55	483	6	26	26	NUM
hi-55	483	7	,	,	PUNCT
hi-55	483	8	no	no	INTJ
hi-55	483	9	.	.	NOUN
hi-55	483	10	6	6	NUM
hi-55	483	11	(	(	PUNCT
hi-55	483	12	2012	2012	NUM
hi-55	483	13	):	):	PUNCT
hi-55	483	14	735	735	NUM
hi-55	483	15	-	-	SYM
hi-55	483	16	753	753	NUM
hi-55	483	17	.	.	PUNCT
hi-55	484	1	rashidin	rashidin	VERB
hi-55	484	2	,	,	PUNCT
hi-55	484	3	md	md	PROPN
hi-55	484	4	salamun	salamun	PROPN
hi-55	484	5	,	,	PUNCT
hi-55	484	6	irfan	irfan	PROPN
hi-55	484	7	ullah	ullah	PROPN
hi-55	484	8	,	,	PUNCT
hi-55	484	9	and	and	CCONJ
hi-55	484	10	mahad	mahad	PROPN
hi-55	484	11	jehangir	jehangir	PROPN
hi-55	484	12	.	.	PUNCT
hi-55	485	1	“	"	PUNCT
hi-55	485	2	the	the	DET
hi-55	485	3	influence	influence	NOUN
hi-55	485	4	of	of	ADP
hi-55	485	5	balance	balance	NOUN
hi-55	485	6	of	of	ADP
hi-55	485	7	payments	payment	NOUN
hi-55	485	8	and	and	CCONJ
hi-55	485	9	balance	balance	NOUN
hi-55	485	10	of	of	ADP
hi-55	485	11	trade	trade	NOUN
hi-55	485	12	on	on	ADP
hi-55	485	13	exchange	exchange	NOUN
hi-55	485	14	rate	rate	NOUN
hi-55	485	15	in	in	ADP
hi-55	485	16	developing	develop	VERB
hi-55	485	17	countries	country	NOUN
hi-55	485	18	of	of	ADP
hi-55	485	19	asia	asia	PROPN
hi-55	485	20	:	:	PUNCT
hi-55	485	21	a	a	DET
hi-55	485	22	case	case	NOUN
hi-55	485	23	study	study	NOUN
hi-55	485	24	of	of	ADP
hi-55	485	25	bangladesh	bangladesh	PROPN
hi-55	485	26	,	,	PUNCT
hi-55	485	27	pakistan	pakistan	PROPN
hi-55	485	28	and	and	CCONJ
hi-55	485	29	india	india	PROPN
hi-55	485	30	.	.	PUNCT
hi-55	485	31	”	"	PUNCT
hi-55	486	1	sonargaon	sonargaon	PROPN
hi-55	486	2	university	university	PROPN
hi-55	486	3	journal	journal	NOUN
hi-55	486	4	1	1	NUM
hi-55	486	5	,	,	PUNCT
hi-55	486	6	no	no	INTJ
hi-55	486	7	.	.	NOUN
hi-55	486	8	2	2	NUM
hi-55	486	9	(	(	PUNCT
hi-55	486	10	2017	2017	NUM
hi-55	486	11	)	)	PUNCT
hi-55	486	12	.	.	PUNCT
hi-55	487	1	rehman	rehman	PROPN
hi-55	487	2	,	,	PUNCT
hi-55	487	3	mushtaq	mushtaq	PROPN
hi-55	487	4	.	.	PUNCT
hi-55	488	1	“	"	PUNCT
hi-55	488	2	analysis	analysis	NOUN
hi-55	488	3	of	of	ADP
hi-55	488	4	exchange	exchange	NOUN
hi-55	488	5	rate	rate	NOUN
hi-55	488	6	fluctuations	fluctuation	NOUN
hi-55	488	7	:	:	PUNCT
hi-55	488	8	a	a	DET
hi-55	488	9	study	study	NOUN
hi-55	488	10	of	of	ADP
hi-55	488	11	pkr	pkr	PROPN
hi-55	488	12	vs	vs	ADP
hi-55	488	13	usd	usd	PROPN
hi-55	488	14	.	.	PUNCT
hi-55	488	15	”	"	PUNCT
hi-55	488	16	journal	journal	NOUN
hi-55	488	17	of	of	ADP
hi-55	488	18	managerial	managerial	ADJ
hi-55	488	19	sciences	science	NOUN
hi-55	488	20	8	8	NUM
hi-55	488	21	,	,	PUNCT
hi-55	488	22	no	no	INTJ
hi-55	488	23	.	.	NOUN
hi-55	488	24	1	1	NUM
hi-55	488	25	(	(	PUNCT
hi-55	488	26	2014	2014	NUM
hi-55	488	27	):	):	PUNCT
hi-55	488	28	41	41	NUM
hi-55	488	29	-	-	SYM
hi-55	488	30	60	60	NUM
hi-55	488	31	.	.	PUNCT
hi-55	489	1	ricci	ricci	PROPN
hi-55	489	2	,	,	PUNCT
hi-55	489	3	luca	luca	PROPN
hi-55	489	4	antonio	antonio	PROPN
hi-55	489	5	,	,	PUNCT
hi-55	489	6	gian	gian	PROPN
hi-55	489	7	maria	maria	PROPN
hi-55	489	8	milesiferretti	milesiferretti	PROPN
hi-55	489	9	,	,	PUNCT
hi-55	489	10	and	and	CCONJ
hi-55	489	11	jaewoo	jaewoo	PROPN
hi-55	489	12	lee	lee	PROPN
hi-55	489	13	.	.	PUNCT
hi-55	490	1	“	"	PUNCT
hi-55	490	2	real	real	ADJ
hi-55	490	3	exchange	exchange	NOUN
hi-55	490	4	rates	rate	NOUN
hi-55	490	5	and	and	CCONJ
hi-55	490	6	fundamentals	fundamental	NOUN
hi-55	490	7	:	:	PUNCT
hi-55	490	8	a	a	DET
hi-55	490	9	crosscountry	crosscountry	PROPN
hi-55	490	10	perspective	perspective	NOUN
hi-55	490	11	.	.	PUNCT
hi-55	490	12	”	"	PUNCT
hi-55	490	13	journal	journal	NOUN
hi-55	490	14	of	of	ADP
hi-55	490	15	money	money	NOUN
hi-55	490	16	,	,	PUNCT
hi-55	490	17	credit	credit	NOUN
hi-55	490	18	and	and	CCONJ
hi-55	490	19	banking	banking	NOUN
hi-55	490	20	45	45	NUM
hi-55	490	21	,	,	PUNCT
hi-55	490	22	no	no	INTJ
hi-55	490	23	.	.	NOUN
hi-55	490	24	5	5	NUM
hi-55	490	25	(	(	PUNCT
hi-55	490	26	2013	2013	NUM
hi-55	490	27	):	):	PUNCT
hi-55	490	28	845	845	NUM
hi-55	490	29	-	-	SYM
hi-55	490	30	865	865	NUM
hi-55	490	31	.	.	PUNCT
hi-55	491	1	hamdard	hamdard	ADJ
hi-55	491	2	islamicus	islamicus	PROPN
hi-55	491	3	vol	vol	NOUN
hi-55	491	4	.	.	PUNCT
hi-55	492	1	xliii	xliii	PROPN
hi-55	492	2	,	,	PUNCT
hi-55	492	3	no	no	INTJ
hi-55	492	4	.	.	NOUN
hi-55	492	5	3	3	NUM
hi-55	492	6	95	95	NUM
hi-55	492	7	saeed	saeed	NOUN
hi-55	492	8	,	,	PUNCT
hi-55	492	9	ahmed	ahmed	PROPN
hi-55	492	10	,	,	PUNCT
hi-55	492	11	rehmat	rehmat	PROPN
hi-55	492	12	ullah	ullah	PROPN
hi-55	492	13	awan	awan	PROPN
hi-55	492	14	,	,	PUNCT
hi-55	492	15	maqbool	maqbool	PROPN
hi-55	492	16	h.	h.	PROPN
hi-55	492	17	sial	sial	PROPN
hi-55	492	18	,	,	PUNCT
hi-55	492	19	and	and	CCONJ
hi-55	492	20	falak	falak	NOUN
hi-55	492	21	sher	sher	NOUN
hi-55	492	22	.	.	PUNCT
hi-55	493	1	“	"	PUNCT
hi-55	493	2	an	an	DET
hi-55	493	3	econometric	econometric	ADJ
hi-55	493	4	analysis	analysis	NOUN
hi-55	493	5	of	of	ADP
hi-55	493	6	determinants	determinant	NOUN
hi-55	493	7	of	of	ADP
hi-55	493	8	exchange	exchange	NOUN
hi-55	493	9	rate	rate	NOUN
hi-55	493	10	in	in	ADP
hi-55	493	11	pakistan	pakistan	PROPN
hi-55	493	12	.	.	PUNCT
hi-55	493	13	”	"	PUNCT
hi-55	494	1	international	international	ADJ
hi-55	494	2	journal	journal	NOUN
hi-55	494	3	of	of	ADP
hi-55	494	4	business	business	NOUN
hi-55	494	5	and	and	CCONJ
hi-55	494	6	social	social	ADJ
hi-55	494	7	science	science	NOUN
hi-55	494	8	3	3	NUM
hi-55	494	9	,	,	PUNCT
hi-55	494	10	no	no	INTJ
hi-55	494	11	.	.	NOUN
hi-55	494	12	6	6	NUM
hi-55	494	13	(	(	PUNCT
hi-55	494	14	2012	2012	NUM
hi-55	494	15	):	):	PUNCT
hi-55	494	16	184	184	NUM
hi-55	494	17	-	-	SYM
hi-55	494	18	196	196	NUM
hi-55	494	19	.	.	PUNCT
hi-55	495	1	santacreu	santacreu	NOUN
hi-55	495	2	,	,	PUNCT
hi-55	495	3	ana	ana	PROPN
hi-55	495	4	maria	maria	PROPN
hi-55	495	5	.	.	PUNCT
hi-55	496	1	“	"	PUNCT
hi-55	496	2	the	the	DET
hi-55	496	3	economic	economic	ADJ
hi-55	496	4	fundamentals	fundamental	NOUN
hi-55	496	5	of	of	ADP
hi-55	496	6	emerging	emerge	VERB
hi-55	496	7	market	market	NOUN
hi-55	496	8	volatility	volatility	NOUN
hi-55	496	9	.	.	PUNCT
hi-55	496	10	”	"	PUNCT
hi-55	497	1	economic	economic	ADJ
hi-55	497	2	synopses	synopsis	NOUN
hi-55	497	3	2	2	NUM
hi-55	497	4	,	,	PUNCT
hi-55	497	5	the	the	DET
hi-55	497	6	federal	federal	PROPN
hi-55	497	7	reserve	reserve	PROPN
hi-55	497	8	bank	bank	PROPN
hi-55	497	9	of	of	ADP
hi-55	497	10	st	st	PROPN
hi-55	497	11	.	.	PROPN
hi-55	497	12	louis	louis	PROPN
hi-55	497	13	:	:	PUNCT
hi-55	497	14	2015	2015	NUM
hi-55	497	15	.	.	PUNCT
hi-55	498	1	schwarz	schwarz	PROPN
hi-55	498	2	,	,	PUNCT
hi-55	498	3	gideon	gideon	PROPN
hi-55	498	4	.	.	PUNCT
hi-55	499	1	“	"	PUNCT
hi-55	499	2	estimating	estimate	VERB
hi-55	499	3	the	the	DET
hi-55	499	4	dimension	dimension	NOUN
hi-55	499	5	of	of	ADP
hi-55	499	6	a	a	DET
hi-55	499	7	model	model	NOUN
hi-55	499	8	.	.	PUNCT
hi-55	499	9	”	"	PUNCT
hi-55	500	1	the	the	DET
hi-55	500	2	annals	annal	NOUN
hi-55	500	3	of	of	ADP
hi-55	500	4	statistics	statistic	NOUN
hi-55	500	5	6	6	NUM
hi-55	500	6	,	,	PUNCT
hi-55	500	7	no	no	INTJ
hi-55	500	8	.	.	NOUN
hi-55	500	9	2	2	NUM
hi-55	500	10	(	(	PUNCT
hi-55	500	11	1978	1978	NUM
hi-55	500	12	):	):	PUNCT
hi-55	500	13	461	461	NUM
hi-55	500	14	-	-	SYM
hi-55	500	15	464	464	NUM
hi-55	500	16	.	.	PUNCT
hi-55	501	1	sekmen	sekman	NOUN
hi-55	501	2	,	,	PUNCT
hi-55	501	3	fuat	fuat	PROPN
hi-55	501	4	.	.	PUNCT
hi-55	502	1	“	"	PUNCT
hi-55	502	2	cointegration	cointegration	NOUN
hi-55	502	3	and	and	CCONJ
hi-55	502	4	causality	causality	NOUN
hi-55	502	5	among	among	ADP
hi-55	502	6	foreign	foreign	ADJ
hi-55	502	7	direct	direct	ADJ
hi-55	502	8	investment	investment	NOUN
hi-55	502	9	in	in	ADP
hi-55	502	10	tourism	tourism	NOUN
hi-55	502	11	sector	sector	NOUN
hi-55	502	12	,	,	PUNCT
hi-55	502	13	gdp	gdp	NOUN
hi-55	502	14	,	,	PUNCT
hi-55	502	15	and	and	CCONJ
hi-55	502	16	exchange	exchange	NOUN
hi-55	502	17	rate	rate	NOUN
hi-55	502	18	volatility	volatility	NOUN
hi-55	502	19	in	in	ADP
hi-55	502	20	turkey	turkey	PROPN
hi-55	502	21	.	.	PUNCT
hi-55	502	22	”	"	PUNCT
hi-55	503	1	the	the	DET
hi-55	503	2	empirical	empirical	ADJ
hi-55	503	3	economics	economics	NOUN
hi-55	503	4	letters	letter	NOUN
hi-55	503	5	6	6	NUM
hi-55	503	6	,	,	PUNCT
hi-55	503	7	no	no	INTJ
hi-55	503	8	.	.	NOUN
hi-55	503	9	1	1	NUM
hi-55	503	10	(	(	PUNCT
hi-55	503	11	2007	2007	NUM
hi-55	503	12	):	):	PUNCT
hi-55	503	13	53	53	NUM
hi-55	503	14	-	-	SYM
hi-55	503	15	58	58	NUM
hi-55	503	16	.	.	PUNCT
hi-55	504	1	senadza	senadza	PROPN
hi-55	504	2	,	,	PUNCT
hi-55	504	3	bernardin	bernardin	NOUN
hi-55	504	4	,	,	PUNCT
hi-55	504	5	and	and	CCONJ
hi-55	504	6	desmond	desmond	PROPN
hi-55	504	7	delali	delali	PROPN
hi-55	504	8	diaba	diaba	PROPN
hi-55	504	9	.	.	PUNCT
hi-55	505	1	“	"	PUNCT
hi-55	505	2	effect	effect	NOUN
hi-55	505	3	of	of	ADP
hi-55	505	4	exchange	exchange	NOUN
hi-55	505	5	rate	rate	NOUN
hi-55	505	6	volatility	volatility	NOUN
hi-55	505	7	on	on	ADP
hi-55	505	8	trade	trade	NOUN
hi-55	505	9	in	in	ADP
hi-55	505	10	sub	sub	ADJ
hi-55	505	11	-	-	ADJ
hi-55	505	12	saharan	saharan	ADJ
hi-55	505	13	africa	africa	PROPN
hi-55	505	14	.	.	PUNCT
hi-55	505	15	”	"	PUNCT
hi-55	506	1	journal	journal	NOUN
hi-55	506	2	of	of	ADP
hi-55	506	3	african	african	ADJ
hi-55	506	4	trade	trade	NOUN
hi-55	506	5	4	4	NUM
hi-55	506	6	,	,	PUNCT
hi-55	506	7	no	no	NOUN
hi-55	506	8	.	.	NOUN
hi-55	506	9	1	1	NUM
hi-55	506	10	-	-	SYM
hi-55	506	11	2	2	NUM
hi-55	506	12	(	(	PUNCT
hi-55	506	13	2017	2017	NUM
hi-55	506	14	):	):	PUNCT
hi-55	506	15	20	20	NUM
hi-55	506	16	-	-	SYM
hi-55	506	17	36	36	NUM
hi-55	506	18	.	.	PUNCT
hi-55	507	1	serven	serven	VERB
hi-55	507	2	,	,	PUNCT
hi-55	507	3	luis	luis	PROPN
hi-55	507	4	.	.	PUNCT
hi-55	508	1	“	"	PUNCT
hi-55	508	2	real	real	ADJ
hi-55	508	3	-	-	PUNCT
hi-55	508	4	exchange	exchange	NOUN
hi-55	508	5	-	-	PUNCT
hi-55	508	6	rate	rate	NOUN
hi-55	508	7	uncertainty	uncertainty	NOUN
hi-55	508	8	and	and	CCONJ
hi-55	508	9	private	private	ADJ
hi-55	508	10	investment	investment	NOUN
hi-55	508	11	in	in	ADP
hi-55	508	12	ldcs	ldc	NOUN
hi-55	508	13	.	.	PUNCT
hi-55	508	14	”	"	PUNCT
hi-55	509	1	review	review	NOUN
hi-55	509	2	of	of	ADP
hi-55	509	3	economics	economic	NOUN
hi-55	509	4	and	and	CCONJ
hi-55	509	5	statistics	statistic	NOUN
hi-55	509	6	85	85	NUM
hi-55	509	7	,	,	PUNCT
hi-55	509	8	no	no	INTJ
hi-55	509	9	.	.	NOUN
hi-55	509	10	1	1	NUM
hi-55	509	11	(	(	PUNCT
hi-55	509	12	2003	2003	NUM
hi-55	509	13	):	):	PUNCT
hi-55	509	14	212	212	NUM
hi-55	509	15	-	-	SYM
hi-55	509	16	218	218	NUM
hi-55	509	17	.	.	PUNCT
hi-55	510	1	stavarek	stavarek	NOUN
hi-55	510	2	,	,	PUNCT
hi-55	510	3	daniel	daniel	PROPN
hi-55	510	4	,	,	PUNCT
hi-55	510	5	and	and	CCONJ
hi-55	510	6	cynthia	cynthia	PROPN
hi-55	510	7	miglietti	miglietti	PROPN
hi-55	510	8	.	.	PUNCT
hi-55	511	1	“	"	PUNCT
hi-55	511	2	effective	effective	ADJ
hi-55	511	3	exchange	exchange	NOUN
hi-55	511	4	rates	rate	NOUN
hi-55	511	5	in	in	ADP
hi-55	511	6	central	central	ADJ
hi-55	511	7	and	and	CCONJ
hi-55	511	8	eastern	eastern	ADJ
hi-55	511	9	european	european	ADJ
hi-55	511	10	countries	country	NOUN
hi-55	511	11	:	:	PUNCT
hi-55	511	12	cyclicality	cyclicality	NOUN
hi-55	511	13	and	and	CCONJ
hi-55	511	14	relationship	relationship	NOUN
hi-55	511	15	with	with	ADP
hi-55	511	16	macroeconomic	macroeconomic	ADJ
hi-55	511	17	fundamentals	fundamental	NOUN
hi-55	511	18	.	.	PUNCT
hi-55	511	19	”	"	PUNCT
hi-55	512	1	review	review	NOUN
hi-55	512	2	of	of	ADP
hi-55	512	3	economic	economic	ADJ
hi-55	512	4	perspectives	perspective	NOUN
hi-55	512	5	15	15	NUM
hi-55	512	6	,	,	PUNCT
hi-55	512	7	no	no	INTJ
hi-55	512	8	.	.	NOUN
hi-55	512	9	2	2	NUM
hi-55	512	10	(	(	PUNCT
hi-55	512	11	2015	2015	NUM
hi-55	512	12	):	):	PUNCT
hi-55	512	13	157	157	NUM
hi-55	512	14	-	-	SYM
hi-55	512	15	177	177	NUM
hi-55	512	16	.	.	PUNCT
hi-55	513	1	supaat	supaat	PROPN
hi-55	513	2	,	,	PUNCT
hi-55	513	3	saktiandi	saktiandi	PROPN
hi-55	513	4	,	,	PUNCT
hi-55	513	5	a.	a.	PROPN
hi-55	513	6	phang	phang	PROPN
hi-55	513	7	seow	seow	PROPN
hi-55	513	8	jiun	jiun	PROPN
hi-55	513	9	,	,	PUNCT
hi-55	513	10	ng	ng	PROPN
hi-55	513	11	heng	heng	PROPN
hi-55	513	12	tiong	tiong	PROPN
hi-55	513	13	,	,	PUNCT
hi-55	513	14	and	and	CCONJ
hi-55	513	15	e.	e.	PROPN
hi-55	513	16	d.	d.	PROPN
hi-55	513	17	w.	w.	PROPN
hi-55	513	18	a.	a.	PROPN
hi-55	513	19	r.	r.	PROPN
hi-55	513	20	d.	d.	PROPN
hi-55	513	21	robinson	robinson	PROPN
hi-55	513	22	.	.	PUNCT
hi-55	514	1	“	"	PUNCT
hi-55	514	2	investigating	investigate	VERB
hi-55	514	3	the	the	DET
hi-55	514	4	relationship	relationship	NOUN
hi-55	514	5	between	between	ADP
hi-55	514	6	exchange	exchange	NOUN
hi-55	514	7	rate	rate	NOUN
hi-55	514	8	volatility	volatility	NOUN
hi-55	514	9	and	and	CCONJ
hi-55	514	10	macroeconomic	macroeconomic	ADJ
hi-55	514	11	volatility	volatility	NOUN
hi-55	514	12	in	in	ADP
hi-55	514	13	singapore	singapore	PROPN
hi-55	514	14	.	.	PUNCT
hi-55	514	15	”	"	PUNCT
hi-55	515	1	mas	mas	PROPN
hi-55	515	2	staff	staff	PROPN
hi-55	515	3	paper	paper	NOUN
hi-55	515	4	25	25	NUM
hi-55	515	5	.	.	PUNCT
hi-55	516	1	monetary	monetary	ADJ
hi-55	516	2	authority	authority	NOUN
hi-55	516	3	of	of	ADP
hi-55	516	4	singapore	singapore	PROPN
hi-55	516	5	,	,	PUNCT
hi-55	516	6	2003	2003	NUM
hi-55	516	7	.	.	PUNCT
hi-55	517	1	udoh	udoh	NOUN
hi-55	517	2	,	,	PUNCT
hi-55	517	3	edet	edet	PROPN
hi-55	517	4	joshua	joshua	PROPN
hi-55	517	5	,	,	PUNCT
hi-55	517	6	sunday	sunday	PROPN
hi-55	517	7	brownson	brownson	PROPN
hi-55	517	8	akpan	akpan	PROPN
hi-55	517	9	,	,	PUNCT
hi-55	517	10	daniel	daniel	PROPN
hi-55	517	11	etim	etim	PROPN
hi-55	517	12	john	john	PROPN
hi-55	517	13	,	,	PUNCT
hi-55	517	14	and	and	CCONJ
hi-55	517	15	inimfon	inimfon	PROPN
hi-55	517	16	vincent	vincent	PROPN
hi-55	517	17	patrick	patrick	PROPN
hi-55	517	18	.	.	PUNCT
hi-55	518	1	“	"	PUNCT
hi-55	518	2	cointegration	cointegration	NOUN
hi-55	518	3	between	between	ADP
hi-55	518	4	exchange	exchange	NOUN
hi-55	518	5	rate	rate	NOUN
hi-55	518	6	volatility	volatility	NOUN
hi-55	518	7	and	and	CCONJ
hi-55	518	8	key	key	ADJ
hi-55	518	9	macroeconomic	macroeconomic	ADJ
hi-55	518	10	fundamentals	fundamental	NOUN
hi-55	518	11	:	:	PUNCT
hi-55	518	12	evidence	evidence	NOUN
hi-55	518	13	from	from	ADP
hi-55	518	14	nigeria	nigeria	PROPN
hi-55	518	15	.	.	PUNCT
hi-55	518	16	”	"	PUNCT
hi-55	519	1	modern	modern	ADJ
hi-55	519	2	economy	economy	NOUN
hi-55	519	3	3	3	NUM
hi-55	519	4	,	,	PUNCT
hi-55	519	5	no	no	INTJ
hi-55	519	6	.	.	NOUN
hi-55	519	7	7	7	NUM
hi-55	519	8	(	(	PUNCT
hi-55	519	9	2012	2012	NUM
hi-55	519	10	):	):	PUNCT
hi-55	519	11	846	846	NUM
hi-55	519	12	.	.	PUNCT
hi-55	519	13	vijayakumar	vijayakumar	PROPN
hi-55	519	14	,	,	PUNCT
hi-55	519	15	sinnathurai	sinnathurai	NOUN
hi-55	519	16	.	.	PUNCT
hi-55	520	1	“	"	PUNCT
hi-55	520	2	the	the	DET
hi-55	520	3	effects	effect	NOUN
hi-55	520	4	of	of	ADP
hi-55	520	5	exchange	exchange	NOUN
hi-55	520	6	rate	rate	NOUN
hi-55	520	7	on	on	ADP
hi-55	520	8	the	the	DET
hi-55	520	9	trade	trade	NOUN
hi-55	520	10	balance	balance	NOUN
hi-55	520	11	in	in	ADP
hi-55	520	12	the	the	DET
hi-55	520	13	sri	sri	ADJ
hi-55	520	14	lankan	lankan	PROPN
hi-55	520	15	context	context	PROPN
hi-55	520	16	after	after	ADP
hi-55	520	17	post	post	NOUN
hi-55	520	18	liberalization	liberalization	NOUN
hi-55	520	19	.	.	PUNCT
hi-55	520	20	”	"	PUNCT
hi-55	521	1	international	international	ADJ
hi-55	521	2	journal	journal	NOUN
hi-55	521	3	on	on	ADP
hi-55	521	4	global	global	ADJ
hi-55	521	5	business	business	NOUN
hi-55	521	6	management	management	NOUN
hi-55	521	7	and	and	CCONJ
hi-55	521	8	research	research	NOUN
hi-55	521	9	2	2	NUM
hi-55	521	10	,	,	PUNCT
hi-55	521	11	no	no	INTJ
hi-55	521	12	.	.	NOUN
hi-55	521	13	2	2	NUM
hi-55	521	14	(	(	PUNCT
hi-55	521	15	2014	2014	NUM
hi-55	521	16	):	):	PUNCT
hi-55	521	17	1	1	NUM
hi-55	521	18	-	-	SYM
hi-55	521	19	12	12	NUM
hi-55	521	20	.	.	PUNCT
hi-55	522	1	vitek	vitek	PROPN
hi-55	522	2	,	,	PUNCT
hi-55	522	3	francis	francis	PROPN
hi-55	522	4	.	.	PUNCT
hi-55	523	1	an	an	DET
hi-55	523	2	assessment	assessment	NOUN
hi-55	523	3	of	of	ADP
hi-55	523	4	external	external	ADJ
hi-55	523	5	price	price	NOUN
hi-55	523	6	competitiveness	competitiveness	NOUN
hi-55	523	7	for	for	ADP
hi-55	523	8	mozambique	mozambique	NOUN
hi-55	523	9	.	.	PUNCT
hi-55	524	1	working	work	VERB
hi-55	524	2	paper	paper	PROPN
hi-55	524	3	no	no	INTJ
hi-55	524	4	.	.	NOUN
hi-55	525	1	9	9	NUM
hi-55	525	2	-	-	SYM
hi-55	525	3	165	165	NUM
hi-55	525	4	.	.	PUNCT
hi-55	526	1	international	international	ADJ
hi-55	526	2	monetary	monetary	ADJ
hi-55	526	3	fund	fund	NOUN
hi-55	526	4	,	,	PUNCT
hi-55	526	5	2009	2009	NUM
hi-55	526	6	.	.	PUNCT
hi-55	527	1	vygodina	vygodina	PROPN
hi-55	527	2	,	,	PUNCT
hi-55	527	3	anna	anna	PROPN
hi-55	527	4	v.	v.	PROPN
hi-55	527	5	,	,	PUNCT
hi-55	527	6	thomas	thomas	PROPN
hi-55	527	7	s.	s.	PROPN
hi-55	527	8	zorn	zorn	PROPN
hi-55	527	9	,	,	PUNCT
hi-55	527	10	and	and	CCONJ
hi-55	527	11	richard	richard	PROPN
hi-55	527	12	defusco	defusco	PROPN
hi-55	527	13	.	.	PUNCT
hi-55	528	1	“	"	PUNCT
hi-55	528	2	asymmetry	asymmetry	NOUN
hi-55	528	3	in	in	ADP
hi-55	528	4	the	the	DET
hi-55	528	5	effects	effect	NOUN
hi-55	528	6	of	of	ADP
hi-55	528	7	economic	economic	ADJ
hi-55	528	8	fundamentals	fundamental	NOUN
hi-55	528	9	on	on	ADP
hi-55	528	10	rising	rise	VERB
hi-55	528	11	and	and	CCONJ
hi-55	528	12	falling	fall	VERB
hi-55	528	13	exchange	exchange	NOUN
hi-55	528	14	rates	rate	NOUN
hi-55	528	15	.	.	PUNCT
hi-55	528	16	”	"	PUNCT
hi-55	529	1	international	international	ADJ
hi-55	529	2	review	review	NOUN
hi-55	529	3	of	of	ADP
hi-55	529	4	financial	financial	ADJ
hi-55	529	5	analysis	analysis	NOUN
hi-55	529	6	17	17	NUM
hi-55	529	7	,	,	PUNCT
hi-55	529	8	no	no	INTJ
hi-55	529	9	.	.	NOUN
hi-55	529	10	4	4	NUM
hi-55	529	11	(	(	PUNCT
hi-55	529	12	2008	2008	NUM
hi-55	529	13	):	):	PUNCT
hi-55	529	14	728	728	NUM
hi-55	529	15	-	-	SYM
hi-55	529	16	746	746	NUM
hi-55	529	17	.	.	PUNCT
hi-55	530	1	williams	williams	PROPN
hi-55	530	2	,	,	PUNCT
hi-55	530	3	a.	a.	PROPN
hi-55	530	4	paul	paul	PROPN
hi-55	530	5	,	,	PUNCT
hi-55	530	6	and	and	CCONJ
hi-55	530	7	s.	s.	PROPN
hi-55	530	8	prasad	prasad	PROPN
hi-55	530	9	.	.	PUNCT
hi-55	531	1	“	"	PUNCT
hi-55	531	2	a	a	DET
hi-55	531	3	study	study	NOUN
hi-55	531	4	on	on	ADP
hi-55	531	5	the	the	DET
hi-55	531	6	exchange	exchange	NOUN
hi-55	531	7	rate	rate	NOUN
hi-55	531	8	determinants	determinant	NOUN
hi-55	531	9	of	of	ADP
hi-55	531	10	selected	select	VERB
hi-55	531	11	asian	asian	ADJ
hi-55	531	12	countries	country	NOUN
hi-55	531	13	’	'	PUNCT
hi-55	531	14	currencies	currency	NOUN
hi-55	531	15	.	.	PUNCT
hi-55	531	16	”	"	PUNCT
hi-55	532	1	international	international	ADJ
hi-55	532	2	journal	journal	NOUN
hi-55	532	3	of	of	ADP
hi-55	532	4	advanced	advanced	ADJ
hi-55	532	5	science	science	NOUN
hi-55	532	6	and	and	CCONJ
hi-55	532	7	technology	technology	NOUN
hi-55	532	8	28	28	NUM
hi-55	532	9	,	,	PUNCT
hi-55	532	10	no	no	INTJ
hi-55	532	11	.	.	NOUN
hi-55	532	12	19	19	NUM
hi-55	532	13	(	(	PUNCT
hi-55	532	14	2019	2019	NUM
hi-55	532	15	):	):	PUNCT
hi-55	532	16	1202	1202	NUM
hi-55	532	17	-	-	SYM
hi-55	532	18	1207	1207	NUM
hi-55	532	19	.	.	PUNCT
hi-55	533	1	yaya	yaya	PROPN
hi-55	533	2	,	,	PUNCT
hi-55	533	3	mehmet	mehmet	PROPN
hi-55	533	4	e.	e.	PROPN
hi-55	533	5	,	,	PUNCT
hi-55	533	6	and	and	CCONJ
hi-55	533	7	xiaoxia	xiaoxia	PROPN
hi-55	533	8	lu	lu	PROPN
hi-55	533	9	.	.	PUNCT
hi-55	534	1	“	"	PUNCT
hi-55	534	2	the	the	DET
hi-55	534	3	short	short	ADJ
hi-55	534	4	-	-	PUNCT
hi-55	534	5	run	run	NOUN
hi-55	534	6	relationship	relationship	NOUN
hi-55	534	7	between	between	ADP
hi-55	534	8	real	real	ADJ
hi-55	534	9	effective	effective	ADJ
hi-55	534	10	exchange	exchange	NOUN
hi-55	534	11	rate	rate	NOUN
hi-55	534	12	and	and	CCONJ
hi-55	534	13	balance	balance	NOUN
hi-55	534	14	of	of	ADP
hi-55	534	15	trade	trade	NOUN
hi-55	534	16	in	in	ADP
hi-55	534	17	china	china	PROPN
hi-55	534	18	.	.	PUNCT
hi-55	534	19	”	"	PUNCT
hi-55	535	1	international	international	ADJ
hi-55	535	2	journal	journal	NOUN
hi-55	535	3	of	of	ADP
hi-55	535	4	applied	apply	VERB
hi-55	535	5	economics	economic	NOUN
hi-55	535	6	9	9	NUM
hi-55	535	7	,	,	PUNCT
hi-55	535	8	no	no	INTJ
hi-55	535	9	.	.	NOUN
hi-55	535	10	1	1	NUM
hi-55	535	11	(	(	PUNCT
hi-55	535	12	2012	2012	NUM
hi-55	535	13	):	):	PUNCT
hi-55	535	14	15	15	NUM
hi-55	535	15	-	-	SYM
hi-55	535	16	27	27	NUM
hi-55	535	17	.	.	PUNCT
hi-55	536	1	yunana	yunana	PROPN
hi-55	536	2	,	,	PUNCT
hi-55	536	3	t.	t.	PROPN
hi-55	536	4	w.	w.	PROPN
hi-55	536	5	,	,	PUNCT
hi-55	536	6	w.	w.	PROPN
hi-55	536	7	r.	r.	PROPN
hi-55	536	8	mato	mato	PROPN
hi-55	536	9	,	,	PUNCT
hi-55	536	10	yunana	yunana	PROPN
hi-55	536	11	titus	titus	PROPN
hi-55	536	12	wuyah	wuyah	PROPN
hi-55	536	13	,	,	PUNCT
hi-55	536	14	and	and	CCONJ
hi-55	536	15	wada	wada	PROPN
hi-55	536	16	rantan	rantan	PROPN
hi-55	536	17	mato	mato	PROPN
hi-55	536	18	.	.	PUNCT
hi-55	537	1	“	"	PUNCT
hi-55	537	2	economic	economic	ADJ
hi-55	537	3	implications	implication	NOUN
hi-55	537	4	of	of	ADP
hi-55	537	5	exchange	exchange	NOUN
hi-55	537	6	rate	rate	NOUN
hi-55	537	7	volatility	volatility	NOUN
hi-55	537	8	on	on	ADP
hi-55	537	9	macroeconomic	macroeconomic	ADJ
hi-55	537	10	variables	variable	NOUN
hi-55	537	11	in	in	ADP
hi-55	537	12	nigeria	nigeria	PROPN
hi-55	537	13	.	.	PUNCT
hi-55	537	14	”	"	PUNCT
hi-55	538	1	international	international	ADJ
hi-55	538	2	journal	journal	NOUN
hi-55	538	3	of	of	ADP
hi-55	538	4	original	original	ADJ
hi-55	538	5	research	research	NOUN
hi-55	538	6	2	2	NUM
hi-55	538	7	,	,	PUNCT
hi-55	538	8	no	no	INTJ
hi-55	538	9	.	.	NOUN
hi-55	538	10	3	3	NUM
hi-55	538	11	(	(	PUNCT
hi-55	538	12	2016	2016	NUM
hi-55	538	13	):	):	PUNCT
hi-55	538	14	116	116	NUM
hi-55	538	15	-	-	SYM
hi-55	538	16	123	123	NUM
hi-55	538	17	.	.	PUNCT
hi-55	539	1	zakaria	zakaria	PROPN
hi-55	539	2	,	,	PUNCT
hi-55	539	3	zukarnain	zukarnain	PROPN
hi-55	539	4	.	.	PUNCT
hi-55	540	1	“	"	PUNCT
hi-55	540	2	the	the	DET
hi-55	540	3	relationship	relationship	NOUN
hi-55	540	4	between	between	ADP
hi-55	540	5	export	export	NOUN
hi-55	540	6	and	and	CCONJ
hi-55	540	7	exchange	exchange	NOUN
hi-55	540	8	rate	rate	NOUN
hi-55	540	9	volatility	volatility	NOUN
hi-55	540	10	:	:	PUNCT
hi-55	540	11	empirical	empirical	ADJ
hi-55	540	12	evidence	evidence	NOUN
hi-55	540	13	based	base	VERB
hi-55	540	14	on	on	ADP
hi-55	540	15	the	the	DET
hi-55	540	16	trade	trade	NOUN
hi-55	540	17	between	between	ADP
hi-55	540	18	malaysia	malaysia	PROPN
hi-55	540	19	and	and	CCONJ
hi-55	540	20	its	its	PRON
hi-55	540	21	major	major	ADJ
hi-55	540	22	trading	trading	NOUN
hi-55	540	23	partners	partner	NOUN
hi-55	540	24	.	.	PUNCT
hi-55	540	25	”	"	PUNCT
hi-55	541	1	journal	journal	NOUN
hi-55	541	2	of	of	ADP
hi-55	541	3	emerging	emerge	VERB
hi-55	541	4	issues	issue	NOUN
hi-55	541	5	in	in	ADP
hi-55	541	6	economics	economic	NOUN
hi-55	541	7	,	,	PUNCT
hi-55	541	8	finance	finance	NOUN
hi-55	541	9	and	and	CCONJ
hi-55	541	10	banking	banking	NOUN
hi-55	541	11	2	2	NUM
hi-55	541	12	,	,	PUNCT
hi-55	541	13	no	no	INTJ
hi-55	541	14	.	.	NOUN
hi-55	541	15	2	2	NUM
hi-55	541	16	(	(	PUNCT
hi-55	541	17	2013	2013	NUM
hi-55	541	18	):	):	PUNCT
hi-55	541	19	668	668	NUM
hi-55	541	20	-	-	SYM
hi-55	541	21	684	684	NUM
hi-55	541	22	.	.	PUNCT
hi-55	541	23	.	.	PUNCT