id	sid	tid	token	lemma	pos
ijosar-396	1	1	the	the	DET
ijosar-396	1	2	effects	effect	NOUN
ijosar-396	1	3	of	of	ADP
ijosar-396	1	4	trade	trade	NOUN
ijosar-396	1	5	openness	openness	NOUN
ijosar-396	1	6	and	and	CCONJ
ijosar-396	1	7	exchange	exchange	NOUN
ijosar-396	1	8	rate	rate	NOUN
ijosar-396	1	9	on	on	ADP
ijosar-396	1	10	stock	stock	NOUN
ijosar-396	1	11	market	market	NOUN
ijosar-396	1	12	capitalization	capitalization	NOUN
ijosar-396	1	13	growth	growth	NOUN
ijosar-396	1	14	in	in	ADP
ijosar-396	1	15	nigeria	nigeria	PROPN
ijosar-396	1	16	owoade	owoade	PROPN
ijosar-396	1	17	,	,	PUNCT
ijosar-396	1	18	n.l	n.l	PROPN
ijosar-396	1	19	.	.	PROPN
ijosar-396	1	20	and	and	CCONJ
ijosar-396	1	21	ogunlowo	ogunlowo	PROPN
ijosar-396	1	22	,	,	PUNCT
ijosar-396	1	23	d.	d.	PROPN
ijosar-396	1	24	t.	t.	PROPN
ijosar-396	1	25	department	department	PROPN
ijosar-396	1	26	of	of	ADP
ijosar-396	1	27	economics	economic	NOUN
ijosar-396	1	28	,	,	PUNCT
ijosar-396	1	29	college	college	NOUN
ijosar-396	1	30	of	of	ADP
ijosar-396	1	31	management	management	NOUN
ijosar-396	1	32	sciences	sciences	PROPN
ijosar-396	1	33	(	(	PUNCT
ijosar-396	1	34	colmas	colma	NOUN
ijosar-396	1	35	)	)	PUNCT
ijosar-396	1	36	,	,	PUNCT
ijosar-396	1	37	michael	michael	PROPN
ijosar-396	1	38	okpara	okpara	PROPN
ijosar-396	1	39	university	university	PROPN
ijosar-396	1	40	of	of	ADP
ijosar-396	1	41	agriculture	agriculture	NOUN
ijosar-396	1	42	umudike	umudike	NOUN
ijosar-396	1	43	.	.	PUNCT
ijosar-396	2	1	abstract	abstract	ADJ
ijosar-396	2	2	this	this	DET
ijosar-396	2	3	study	study	NOUN
ijosar-396	2	4	examines	examine	VERB
ijosar-396	2	5	the	the	DET
ijosar-396	2	6	linkage	linkage	NOUN
ijosar-396	2	7	among	among	ADP
ijosar-396	2	8	trade	trade	NOUN
ijosar-396	2	9	openness	openness	NOUN
ijosar-396	2	10	,	,	PUNCT
ijosar-396	2	11	exchange	exchange	NOUN
ijosar-396	2	12	rate	rate	NOUN
ijosar-396	2	13	on	on	ADP
ijosar-396	2	14	stock	stock	NOUN
ijosar-396	2	15	market	market	NOUN
ijosar-396	2	16	capitalization	capitalization	NOUN
ijosar-396	2	17	growth	growth	NOUN
ijosar-396	2	18	in	in	ADP
ijosar-396	2	19	nigeria	nigeria	PROPN
ijosar-396	2	20	,	,	PUNCT
ijosar-396	2	21	using	use	VERB
ijosar-396	2	22	annual	annual	ADJ
ijosar-396	2	23	data	datum	NOUN
ijosar-396	2	24	from	from	ADP
ijosar-396	2	25	1981	1981	NUM
ijosar-396	2	26	to	to	ADP
ijosar-396	2	27	2017	2017	NUM
ijosar-396	2	28	.	.	PUNCT
ijosar-396	3	1	in	in	ADP
ijosar-396	3	2	conducting	conduct	VERB
ijosar-396	3	3	the	the	DET
ijosar-396	3	4	analysis	analysis	NOUN
ijosar-396	3	5	,	,	PUNCT
ijosar-396	3	6	this	this	DET
ijosar-396	3	7	study	study	NOUN
ijosar-396	3	8	utilized	utilize	VERB
ijosar-396	3	9	vector	vector	NOUN
ijosar-396	3	10	error	error	NOUN
ijosar-396	3	11	correction	correction	NOUN
ijosar-396	3	12	model	model	NOUN
ijosar-396	3	13	and	and	CCONJ
ijosar-396	3	14	granger	granger	PROPN
ijosar-396	3	15	causality	causality	NOUN
ijosar-396	3	16	tests	test	NOUN
ijosar-396	3	17	.	.	PUNCT
ijosar-396	4	1	trade	trade	NOUN
ijosar-396	4	2	openness	openness	NOUN
ijosar-396	4	3	,	,	PUNCT
ijosar-396	4	4	foreign	foreign	ADJ
ijosar-396	4	5	direct	direct	ADJ
ijosar-396	4	6	investment	investment	NOUN
ijosar-396	4	7	,	,	PUNCT
ijosar-396	4	8	exchange	exchange	NOUN
ijosar-396	4	9	rate	rate	NOUN
ijosar-396	4	10	,	,	PUNCT
ijosar-396	4	11	balance	balance	NOUN
ijosar-396	4	12	of	of	ADP
ijosar-396	4	13	payment	payment	NOUN
ijosar-396	4	14	and	and	CCONJ
ijosar-396	4	15	stock	stock	NOUN
ijosar-396	4	16	market	market	NOUN
ijosar-396	4	17	capitalization	capitalization	NOUN
ijosar-396	4	18	growth	growth	NOUN
ijosar-396	4	19	were	be	AUX
ijosar-396	4	20	captured	capture	VERB
ijosar-396	4	21	in	in	ADP
ijosar-396	4	22	the	the	DET
ijosar-396	4	23	model	model	NOUN
ijosar-396	4	24	.	.	PUNCT
ijosar-396	5	1	the	the	DET
ijosar-396	5	2	results	result	NOUN
ijosar-396	5	3	show	show	VERB
ijosar-396	5	4	that	that	SCONJ
ijosar-396	5	5	trade	trade	NOUN
ijosar-396	5	6	openness	openness	NOUN
ijosar-396	5	7	,	,	PUNCT
ijosar-396	5	8	and	and	CCONJ
ijosar-396	5	9	balance	balance	NOUN
ijosar-396	5	10	of	of	ADP
ijosar-396	5	11	payment	payment	NOUN
ijosar-396	5	12	have	have	VERB
ijosar-396	5	13	positive	positive	ADJ
ijosar-396	5	14	and	and	CCONJ
ijosar-396	5	15	statistically	statistically	ADV
ijosar-396	5	16	significant	significant	ADJ
ijosar-396	5	17	impact	impact	NOUN
ijosar-396	5	18	on	on	ADP
ijosar-396	5	19	stock	stock	NOUN
ijosar-396	5	20	market	market	NOUN
ijosar-396	5	21	capitalization	capitalization	NOUN
ijosar-396	5	22	growth	growth	NOUN
ijosar-396	5	23	in	in	ADP
ijosar-396	5	24	nigeria	nigeria	PROPN
ijosar-396	5	25	,	,	PUNCT
ijosar-396	5	26	while	while	SCONJ
ijosar-396	5	27	foreign	foreign	ADJ
ijosar-396	5	28	direct	direct	ADJ
ijosar-396	5	29	investment	investment	NOUN
ijosar-396	5	30	and	and	CCONJ
ijosar-396	5	31	exchange	exchange	NOUN
ijosar-396	5	32	rate	rate	NOUN
ijosar-396	5	33	have	have	VERB
ijosar-396	5	34	negative	negative	ADJ
ijosar-396	5	35	and	and	CCONJ
ijosar-396	5	36	statistically	statistically	ADV
ijosar-396	5	37	significant	significant	ADJ
ijosar-396	5	38	influence	influence	NOUN
ijosar-396	5	39	on	on	ADP
ijosar-396	5	40	stock	stock	NOUN
ijosar-396	5	41	market	market	NOUN
ijosar-396	5	42	capitalization	capitalization	NOUN
ijosar-396	5	43	growth	growth	NOUN
ijosar-396	5	44	over	over	ADP
ijosar-396	5	45	the	the	DET
ijosar-396	5	46	study	study	NOUN
ijosar-396	5	47	period	period	NOUN
ijosar-396	5	48	which	which	PRON
ijosar-396	5	49	validates	validate	VERB
ijosar-396	5	50	the	the	DET
ijosar-396	5	51	unfavorable	unfavorable	ADJ
ijosar-396	5	52	side	side	NOUN
ijosar-396	5	53	of	of	ADP
ijosar-396	5	54	demand	demand	NOUN
ijosar-396	5	55	and	and	CCONJ
ijosar-396	5	56	supply	supply	NOUN
ijosar-396	5	57	theory	theory	NOUN
ijosar-396	5	58	.	.	PUNCT
ijosar-396	6	1	granger	granger	PROPN
ijosar-396	6	2	causality	causality	PROPN
ijosar-396	6	3	results	result	NOUN
ijosar-396	6	4	indicated	indicate	VERB
ijosar-396	6	5	that	that	SCONJ
ijosar-396	6	6	there	there	PRON
ijosar-396	6	7	is	be	VERB
ijosar-396	6	8	unidirectional	unidirectional	ADJ
ijosar-396	6	9	causality	causality	NOUN
ijosar-396	6	10	running	run	VERB
ijosar-396	6	11	from	from	ADP
ijosar-396	6	12	trade	trade	NOUN
ijosar-396	6	13	openness	openness	NOUN
ijosar-396	6	14	,	,	PUNCT
ijosar-396	6	15	foreign	foreign	ADJ
ijosar-396	6	16	direct	direct	ADJ
ijosar-396	6	17	investment	investment	NOUN
ijosar-396	6	18	,	,	PUNCT
ijosar-396	6	19	exchange	exchange	NOUN
ijosar-396	6	20	rate	rate	NOUN
ijosar-396	6	21	and	and	CCONJ
ijosar-396	6	22	balance	balance	NOUN
ijosar-396	6	23	of	of	ADP
ijosar-396	6	24	payment	payment	NOUN
ijosar-396	6	25	to	to	ADP
ijosar-396	6	26	stock	stock	NOUN
ijosar-396	6	27	market	market	NOUN
ijosar-396	6	28	capitalization	capitalization	NOUN
ijosar-396	6	29	growth	growth	NOUN
ijosar-396	6	30	.	.	PUNCT
ijosar-396	7	1	this	this	DET
ijosar-396	7	2	study	study	NOUN
ijosar-396	7	3	recommends	recommend	VERB
ijosar-396	7	4	the	the	DET
ijosar-396	7	5	following	following	NOUN
ijosar-396	7	6	:	:	PUNCT
ijosar-396	7	7	a	a	DET
ijosar-396	7	8	need	need	NOUN
ijosar-396	7	9	for	for	SCONJ
ijosar-396	7	10	policymakers	policymaker	NOUN
ijosar-396	7	11	to	to	PART
ijosar-396	7	12	ensure	ensure	VERB
ijosar-396	7	13	effective	effective	ADJ
ijosar-396	7	14	implementation	implementation	NOUN
ijosar-396	7	15	of	of	ADP
ijosar-396	7	16	existing	exist	VERB
ijosar-396	7	17	monetary	monetary	ADJ
ijosar-396	7	18	policy	policy	NOUN
ijosar-396	7	19	instruments	instrument	NOUN
ijosar-396	7	20	and	and	CCONJ
ijosar-396	7	21	device	device	NOUN
ijosar-396	7	22	strong	strong	ADJ
ijosar-396	7	23	way	way	NOUN
ijosar-396	7	24	of	of	ADP
ijosar-396	7	25	harmonizing	harmonize	VERB
ijosar-396	7	26	monetary	monetary	ADJ
ijosar-396	7	27	and	and	CCONJ
ijosar-396	7	28	fiscal	fiscal	ADJ
ijosar-396	7	29	policies	policy	NOUN
ijosar-396	7	30	in	in	ADP
ijosar-396	7	31	order	order	NOUN
ijosar-396	7	32	to	to	PART
ijosar-396	7	33	maintain	maintain	VERB
ijosar-396	7	34	stable	stable	ADJ
ijosar-396	7	35	exchange	exchange	NOUN
ijosar-396	7	36	rate	rate	NOUN
ijosar-396	7	37	and	and	CCONJ
ijosar-396	7	38	avoid	avoid	VERB
ijosar-396	7	39	structural	structural	ADJ
ijosar-396	7	40	break	break	NOUN
ijosar-396	7	41	that	that	PRON
ijosar-396	7	42	affect	affect	VERB
ijosar-396	7	43	the	the	DET
ijosar-396	7	44	whole	whole	ADJ
ijosar-396	7	45	system	system	NOUN
ijosar-396	7	46	including	include	VERB
ijosar-396	7	47	the	the	DET
ijosar-396	7	48	stock	stock	NOUN
ijosar-396	7	49	market	market	NOUN
ijosar-396	7	50	capitalization	capitalization	NOUN
ijosar-396	7	51	growth	growth	NOUN
ijosar-396	7	52	.	.	PUNCT
ijosar-396	8	1	there	there	PRON
ijosar-396	8	2	is	be	VERB
ijosar-396	8	3	the	the	DET
ijosar-396	8	4	need	need	NOUN
ijosar-396	8	5	for	for	SCONJ
ijosar-396	8	6	government	government	NOUN
ijosar-396	8	7	to	to	PART
ijosar-396	8	8	intensify	intensify	VERB
ijosar-396	8	9	its	its	PRON
ijosar-396	8	10	efforts	effort	NOUN
ijosar-396	8	11	in	in	ADP
ijosar-396	8	12	diversifying	diversify	VERB
ijosar-396	8	13	the	the	DET
ijosar-396	8	14	economy	economy	NOUN
ijosar-396	8	15	that	that	PRON
ijosar-396	8	16	will	will	AUX
ijosar-396	8	17	help	help	VERB
ijosar-396	8	18	to	to	PART
ijosar-396	8	19	have	have	VERB
ijosar-396	8	20	more	more	ADV
ijosar-396	8	21	active	active	ADJ
ijosar-396	8	22	economic	economic	ADJ
ijosar-396	8	23	sectors	sector	NOUN
ijosar-396	8	24	that	that	PRON
ijosar-396	8	25	can	can	AUX
ijosar-396	8	26	contribute	contribute	VERB
ijosar-396	8	27	positively	positively	ADV
ijosar-396	8	28	in	in	ADP
ijosar-396	8	29	reducing	reduce	VERB
ijosar-396	8	30	the	the	DET
ijosar-396	8	31	existing	exist	VERB
ijosar-396	8	32	foreign	foreign	ADJ
ijosar-396	8	33	direct	direct	ADJ
ijosar-396	8	34	investment	investment	NOUN
ijosar-396	8	35	,	,	PUNCT
ijosar-396	8	36	exchange	exchange	NOUN
ijosar-396	8	37	rate	rate	NOUN
ijosar-396	8	38	,	,	PUNCT
ijosar-396	8	39	crises	crisis	NOUN
ijosar-396	8	40	and	and	CCONJ
ijosar-396	8	41	even	even	ADV
ijosar-396	8	42	boost	boost	VERB
ijosar-396	8	43	the	the	DET
ijosar-396	8	44	investment	investment	NOUN
ijosar-396	8	45	in	in	ADP
ijosar-396	8	46	the	the	DET
ijosar-396	8	47	stock	stock	NOUN
ijosar-396	8	48	market	market	NOUN
ijosar-396	8	49	capitalization	capitalization	NOUN
ijosar-396	8	50	growth	growth	NOUN
ijosar-396	8	51	.	.	PUNCT
ijosar-396	9	1	1	1	X
ijosar-396	9	2	.	.	X
ijosar-396	9	3	introduction	introduction	NOUN
ijosar-396	9	4	efficient	efficient	ADJ
ijosar-396	9	5	trade	trade	NOUN
ijosar-396	9	6	openness	openness	NOUN
ijosar-396	9	7	,	,	PUNCT
ijosar-396	9	8	exchange	exchange	NOUN
ijosar-396	9	9	rate	rate	NOUN
ijosar-396	9	10	stability	stability	NOUN
ijosar-396	9	11	and	and	CCONJ
ijosar-396	9	12	stock	stock	NOUN
ijosar-396	9	13	market	market	NOUN
ijosar-396	9	14	capitalization	capitalization	NOUN
ijosar-396	9	15	growth	growth	NOUN
ijosar-396	9	16	are	be	AUX
ijosar-396	9	17	the	the	DET
ijosar-396	9	18	three	three	NUM
ijosar-396	9	19	economic	economic	ADJ
ijosar-396	9	20	objectives	objective	NOUN
ijosar-396	9	21	that	that	PRON
ijosar-396	9	22	every	every	DET
ijosar-396	9	23	country	country	NOUN
ijosar-396	9	24	needs	need	VERB
ijosar-396	9	25	to	to	PART
ijosar-396	9	26	achieve	achieve	VERB
ijosar-396	9	27	,	,	PUNCT
ijosar-396	9	28	this	this	PRON
ijosar-396	9	29	is	be	AUX
ijosar-396	9	30	because	because	SCONJ
ijosar-396	9	31	the	the	DET
ijosar-396	9	32	financial	financial	ADJ
ijosar-396	9	33	position	position	NOUN
ijosar-396	9	34	of	of	ADP
ijosar-396	9	35	every	every	DET
ijosar-396	9	36	economy	economy	NOUN
ijosar-396	9	37	be	be	AUX
ijosar-396	9	38	it	it	PRON
ijosar-396	9	39	developed	develop	VERB
ijosar-396	9	40	or	or	CCONJ
ijosar-396	9	41	developing	develop	VERB
ijosar-396	9	42	can	can	AUX
ijosar-396	9	43	be	be	AUX
ijosar-396	9	44	accessed	access	VERB
ijosar-396	9	45	from	from	ADP
ijosar-396	9	46	its	its	PRON
ijosar-396	9	47	ijointernational	ijointernational	ADJ
ijosar-396	9	48	journal	journal	NOUN
ijosar-396	9	49	of	of	ADP
ijosar-396	9	50	social	social	ADJ
ijosar-396	9	51	science	science	NOUN
ijosar-396	9	52	and	and	CCONJ
ijosar-396	9	53	humanities	humanity	NOUN
ijosar-396	9	54	research	research	NOUN
ijosar-396	9	55	volume	volume	NOUN
ijosar-396	9	56	3|	3|	NUM
ijosar-396	9	57	issue	issue	NOUN
ijosar-396	10	1	12|	12|	NUM
ijosar-396	10	2	december	december	PROPN
ijosar-396	10	3	|	|	NOUN
ijosar-396	10	4	2020	2020	NUM
ijosar-396	10	5	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	10	6	18	18	NUM
ijosar-396	10	7	exchange	exchange	NOUN
ijosar-396	10	8	rate	rate	NOUN
ijosar-396	10	9	stability	stability	NOUN
ijosar-396	10	10	(	(	PUNCT
ijosar-396	10	11	bala	bala	NOUN
ijosar-396	10	12	and	and	CCONJ
ijosar-396	10	13	hassan	hassan	PROPN
ijosar-396	10	14	,	,	PUNCT
ijosar-396	10	15	2018	2018	NUM
ijosar-396	10	16	)	)	PUNCT
ijosar-396	10	17	.	.	PUNCT
ijosar-396	11	1	trade	trade	NOUN
ijosar-396	11	2	openness	openness	NOUN
ijosar-396	11	3	in	in	ADP
ijosar-396	11	4	the	the	DET
ijosar-396	11	5	developing	develop	VERB
ijosar-396	11	6	countries	country	NOUN
ijosar-396	11	7	became	become	VERB
ijosar-396	11	8	a	a	DET
ijosar-396	11	9	household	household	NOUN
ijosar-396	11	10	terminology	terminology	NOUN
ijosar-396	11	11	in	in	ADP
ijosar-396	11	12	the	the	DET
ijosar-396	11	13	1990s	1990	NOUN
ijosar-396	11	14	,	,	PUNCT
ijosar-396	11	15	which	which	PRON
ijosar-396	11	16	in	in	ADP
ijosar-396	11	17	term	term	NOUN
ijosar-396	11	18	of	of	ADP
ijosar-396	11	19	definition	definition	NOUN
ijosar-396	11	20	,	,	PUNCT
ijosar-396	11	21	is	be	AUX
ijosar-396	11	22	,	,	PUNCT
ijosar-396	11	23	external	external	ADJ
ijosar-396	11	24	opening	opening	NOUN
ijosar-396	11	25	of	of	ADP
ijosar-396	11	26	the	the	DET
ijosar-396	11	27	economy	economy	NOUN
ijosar-396	11	28	and	and	CCONJ
ijosar-396	11	29	increase	increase	VERB
ijosar-396	11	30	role	role	NOUN
ijosar-396	11	31	of	of	ADP
ijosar-396	11	32	markets	market	NOUN
ijosar-396	11	33	domestically	domestically	ADV
ijosar-396	11	34	(	(	PUNCT
ijosar-396	11	35	that	that	PRON
ijosar-396	11	36	is	be	AUX
ijosar-396	11	37	the	the	DET
ijosar-396	11	38	market	market	NOUN
ijosar-396	11	39	economy	economy	NOUN
ijosar-396	11	40	)	)	PUNCT
ijosar-396	11	41	to	to	ADP
ijosar-396	11	42	developing	develop	VERB
ijosar-396	11	43	world	world	NOUN
ijosar-396	11	44	,	,	PUNCT
ijosar-396	11	45	modern	modern	ADJ
ijosar-396	11	46	way	way	NOUN
ijosar-396	11	47	of	of	ADP
ijosar-396	11	48	running	run	VERB
ijosar-396	11	49	an	an	DET
ijosar-396	11	50	economy	economy	NOUN
ijosar-396	11	51	(	(	PUNCT
ijosar-396	11	52	loto	loto	NOUN
ijosar-396	11	53	,	,	PUNCT
ijosar-396	11	54	2010	2010	NUM
ijosar-396	11	55	)	)	PUNCT
ijosar-396	11	56	.	.	PUNCT
ijosar-396	12	1	the	the	DET
ijosar-396	12	2	essence	essence	NOUN
ijosar-396	12	3	of	of	ADP
ijosar-396	12	4	trade	trade	NOUN
ijosar-396	12	5	openness	openness	NOUN
ijosar-396	12	6	mainly	mainly	ADV
ijosar-396	12	7	is	be	AUX
ijosar-396	12	8	as	as	ADP
ijosar-396	12	9	a	a	DET
ijosar-396	12	10	basis	basis	NOUN
ijosar-396	12	11	for	for	ADP
ijosar-396	12	12	moving	move	VERB
ijosar-396	12	13	the	the	DET
ijosar-396	12	14	economy	economy	NOUN
ijosar-396	12	15	towards	towards	ADP
ijosar-396	12	16	external	external	ADJ
ijosar-396	12	17	liberation	liberation	NOUN
ijosar-396	12	18	,	,	PUNCT
ijosar-396	12	19	focusing	focus	VERB
ijosar-396	12	20	on	on	ADP
ijosar-396	12	21	market	market	NOUN
ijosar-396	12	22	oriented	orient	VERB
ijosar-396	12	23	system	system	NOUN
ijosar-396	12	24	of	of	ADP
ijosar-396	12	25	government	government	NOUN
ijosar-396	12	26	.	.	PUNCT
ijosar-396	13	1	since	since	SCONJ
ijosar-396	13	2	the	the	DET
ijosar-396	13	3	late	late	ADJ
ijosar-396	13	4	1980s	1980	NOUN
ijosar-396	13	5	,	,	PUNCT
ijosar-396	13	6	the	the	DET
ijosar-396	13	7	pace	pace	NOUN
ijosar-396	13	8	of	of	ADP
ijosar-396	13	9	trade	trade	NOUN
ijosar-396	13	10	openness	openness	NOUN
ijosar-396	13	11	has	have	AUX
ijosar-396	13	12	rapidly	rapidly	ADV
ijosar-396	13	13	quickened	quicken	VERB
ijosar-396	13	14	with	with	ADP
ijosar-396	13	15	the	the	DET
ijosar-396	13	16	world	world	NOUN
ijosar-396	13	17	trade	trade	NOUN
ijosar-396	13	18	rising	rise	VERB
ijosar-396	13	19	nearly	nearly	ADV
ijosar-396	13	20	as	as	ADV
ijosar-396	13	21	fast	fast	ADV
ijosar-396	13	22	as	as	ADP
ijosar-396	13	23	world	world	NOUN
ijosar-396	13	24	gross	gross	ADJ
ijosar-396	13	25	domestic	domestic	ADJ
ijosar-396	13	26	product	product	NOUN
ijosar-396	13	27	.	.	PUNCT
ijosar-396	14	1	this	this	PRON
ijosar-396	14	2	has	have	AUX
ijosar-396	14	3	been	be	AUX
ijosar-396	14	4	characterized	characterize	VERB
ijosar-396	14	5	by	by	ADP
ijosar-396	14	6	the	the	DET
ijosar-396	14	7	trade	trade	NOUN
ijosar-396	14	8	openness	openness	NOUN
ijosar-396	14	9	;	;	PUNCT
ijosar-396	14	10	exchange	exchange	NOUN
ijosar-396	14	11	rate	rate	NOUN
ijosar-396	14	12	stability	stability	NOUN
ijosar-396	14	13	and	and	CCONJ
ijosar-396	14	14	stock	stock	NOUN
ijosar-396	14	15	market	market	NOUN
ijosar-396	14	16	capitalization	capitalization	NOUN
ijosar-396	14	17	growth	growth	NOUN
ijosar-396	14	18	are	be	AUX
ijosar-396	14	19	accelerated	accelerate	VERB
ijosar-396	14	20	by	by	ADP
ijosar-396	14	21	private	private	ADJ
ijosar-396	14	22	capital	capital	NOUN
ijosar-396	14	23	flows	flow	NOUN
ijosar-396	14	24	(	(	PUNCT
ijosar-396	14	25	adam	adam	PROPN
ijosar-396	14	26	,	,	PUNCT
ijosar-396	14	27	2003	2003	NUM
ijosar-396	14	28	)	)	PUNCT
ijosar-396	14	29	.	.	PUNCT
ijosar-396	15	1	the	the	DET
ijosar-396	15	2	recent	recent	ADJ
ijosar-396	15	3	growth	growth	NOUN
ijosar-396	15	4	of	of	ADP
ijosar-396	15	5	stock	stock	NOUN
ijosar-396	15	6	exchange	exchange	NOUN
ijosar-396	15	7	market	market	NOUN
ijosar-396	15	8	,	,	PUNCT
ijosar-396	15	9	through	through	ADP
ijosar-396	15	10	increase	increase	NOUN
ijosar-396	15	11	in	in	ADP
ijosar-396	15	12	crossborder	crossborder	NOUN
ijosar-396	15	13	capital	capital	NOUN
ijosar-396	15	14	movement	movement	NOUN
ijosar-396	15	15	has	have	AUX
ijosar-396	15	16	been	be	AUX
ijosar-396	15	17	attributed	attribute	VERB
ijosar-396	15	18	to	to	ADP
ijosar-396	15	19	the	the	DET
ijosar-396	15	20	removal	removal	NOUN
ijosar-396	15	21	of	of	ADP
ijosar-396	15	22	statutory	statutory	ADJ
ijosar-396	15	23	restriction	restriction	NOUN
ijosar-396	15	24	on	on	ADP
ijosar-396	15	25	the	the	DET
ijosar-396	15	26	capital	capital	NOUN
ijosar-396	15	27	account	account	NOUN
ijosar-396	15	28	transactions	transaction	NOUN
ijosar-396	15	29	and	and	CCONJ
ijosar-396	15	30	economy	economy	NOUN
ijosar-396	15	31	liberalization	liberalization	NOUN
ijosar-396	15	32	.	.	PUNCT
ijosar-396	16	1	(	(	PUNCT
ijosar-396	16	2	international	international	ADJ
ijosar-396	16	3	monetary	monetary	ADJ
ijosar-396	16	4	fund	fund	NOUN
ijosar-396	16	5	,	,	PUNCT
ijosar-396	16	6	2003	2003	NUM
ijosar-396	16	7	)	)	PUNCT
ijosar-396	16	8	attributed	attribute	VERB
ijosar-396	16	9	another	another	DET
ijosar-396	16	10	impact	impact	NOUN
ijosar-396	16	11	of	of	ADP
ijosar-396	16	12	growth	growth	NOUN
ijosar-396	16	13	of	of	ADP
ijosar-396	16	14	stock	stock	NOUN
ijosar-396	16	15	market	market	NOUN
ijosar-396	16	16	globally	globally	ADV
ijosar-396	16	17	on	on	ADP
ijosar-396	16	18	macro	macro	ADJ
ijosar-396	16	19	-	-	ADJ
ijosar-396	16	20	economic	economic	ADJ
ijosar-396	16	21	stabilization	stabilization	NOUN
ijosar-396	16	22	policy	policy	NOUN
ijosar-396	16	23	reforms	reform	NOUN
ijosar-396	16	24	in	in	ADP
ijosar-396	16	25	the	the	DET
ijosar-396	16	26	developing	develop	VERB
ijosar-396	16	27	countries	country	NOUN
ijosar-396	16	28	which	which	PRON
ijosar-396	16	29	is	be	AUX
ijosar-396	16	30	privatization	privatization	NOUN
ijosar-396	16	31	,	,	PUNCT
ijosar-396	16	32	liberalization	liberalization	NOUN
ijosar-396	16	33	of	of	ADP
ijosar-396	16	34	trade	trade	NOUN
ijosar-396	16	35	and	and	CCONJ
ijosar-396	16	36	growth	growth	NOUN
ijosar-396	16	37	of	of	ADP
ijosar-396	16	38	stock	stock	NOUN
ijosar-396	16	39	.	.	PUNCT
ijosar-396	17	1	stock	stock	NOUN
ijosar-396	17	2	exchange	exchange	PROPN
ijosar-396	17	3	is	be	AUX
ijosar-396	17	4	a	a	DET
ijosar-396	17	5	medium	medium	NOUN
ijosar-396	17	6	to	to	PART
ijosar-396	17	7	encourage	encourage	VERB
ijosar-396	17	8	savings	saving	NOUN
ijosar-396	17	9	,	,	PUNCT
ijosar-396	17	10	help	help	VERB
ijosar-396	17	11	channel	channel	VERB
ijosar-396	17	12	savings	saving	NOUN
ijosar-396	17	13	into	into	ADP
ijosar-396	17	14	productive	productive	ADJ
ijosar-396	17	15	investments	investment	NOUN
ijosar-396	17	16	.	.	PUNCT
ijosar-396	18	1	the	the	DET
ijosar-396	18	2	emphasis	emphasis	NOUN
ijosar-396	18	3	on	on	ADP
ijosar-396	18	4	the	the	DET
ijosar-396	18	5	growth	growth	NOUN
ijosar-396	18	6	of	of	ADP
ijosar-396	18	7	stock	stock	NOUN
ijosar-396	18	8	market	market	NOUN
ijosar-396	18	9	for	for	ADP
ijosar-396	18	10	domestic	domestic	ADJ
ijosar-396	18	11	resource	resource	NOUN
ijosar-396	18	12	mobilization	mobilization	NOUN
ijosar-396	18	13	has	have	AUX
ijosar-396	18	14	also	also	ADV
ijosar-396	18	15	been	be	AUX
ijosar-396	18	16	strengthened	strengthen	VERB
ijosar-396	18	17	by	by	ADP
ijosar-396	18	18	the	the	DET
ijosar-396	18	19	need	need	NOUN
ijosar-396	18	20	to	to	PART
ijosar-396	18	21	attract	attract	VERB
ijosar-396	18	22	foreign	foreign	ADJ
ijosar-396	18	23	capital	capital	NOUN
ijosar-396	18	24	(	(	PUNCT
ijosar-396	18	25	idele	idele	PROPN
ijosar-396	18	26	,	,	PUNCT
ijosar-396	18	27	1999	1999	NUM
ijosar-396	18	28	)	)	PUNCT
ijosar-396	18	29	.	.	PUNCT
ijosar-396	19	1	according	accord	VERB
ijosar-396	19	2	to	to	ADP
ijosar-396	19	3	(	(	PUNCT
ijosar-396	19	4	hassan	hassan	PROPN
ijosar-396	19	5	,	,	PUNCT
ijosar-396	19	6	abubakar	abubakar	PROPN
ijosar-396	19	7	,	,	PUNCT
ijosar-396	19	8	and	and	CCONJ
ijosar-396	19	9	dantama	dantama	NOUN
ijosar-396	19	10	,	,	PUNCT
ijosar-396	19	11	2017	2017	NUM
ijosar-396	19	12	)	)	PUNCT
ijosar-396	19	13	a	a	DET
ijosar-396	19	14	very	very	ADV
ijosar-396	19	15	strong	strong	ADJ
ijosar-396	19	16	exchange	exchange	NOUN
ijosar-396	19	17	rate	rate	NOUN
ijosar-396	19	18	is	be	AUX
ijosar-396	19	19	a	a	DET
ijosar-396	19	20	signal	signal	NOUN
ijosar-396	19	21	that	that	PRON
ijosar-396	19	22	shows	show	VERB
ijosar-396	19	23	strong	strong	ADJ
ijosar-396	19	24	and	and	CCONJ
ijosar-396	19	25	viable	viable	ADJ
ijosar-396	19	26	stock	stock	NOUN
ijosar-396	19	27	market	market	NOUN
ijosar-396	19	28	capitalization	capitalization	NOUN
ijosar-396	19	29	growth	growth	NOUN
ijosar-396	19	30	.	.	PUNCT
ijosar-396	20	1	while	while	SCONJ
ijosar-396	20	2	on	on	ADP
ijosar-396	20	3	the	the	DET
ijosar-396	20	4	other	other	ADJ
ijosar-396	20	5	hand	hand	NOUN
ijosar-396	20	6	a	a	DET
ijosar-396	20	7	very	very	ADV
ijosar-396	20	8	weak	weak	ADJ
ijosar-396	20	9	currency	currency	NOUN
ijosar-396	20	10	is	be	AUX
ijosar-396	20	11	a	a	DET
ijosar-396	20	12	reflection	reflection	NOUN
ijosar-396	20	13	of	of	ADP
ijosar-396	20	14	a	a	DET
ijosar-396	20	15	very	very	ADV
ijosar-396	20	16	vulnerable	vulnerable	ADJ
ijosar-396	20	17	and	and	CCONJ
ijosar-396	20	18	weak	weak	ADJ
ijosar-396	20	19	stock	stock	NOUN
ijosar-396	20	20	market	market	NOUN
ijosar-396	20	21	capitalization	capitalization	NOUN
ijosar-396	20	22	growth	growth	NOUN
ijosar-396	20	23	.	.	PUNCT
ijosar-396	21	1	exchange	exchange	NOUN
ijosar-396	21	2	rate	rate	NOUN
ijosar-396	21	3	instability	instability	NOUN
ijosar-396	21	4	has	have	VERB
ijosar-396	21	5	real	real	ADJ
ijosar-396	21	6	stock	stock	NOUN
ijosar-396	21	7	market	market	NOUN
ijosar-396	21	8	capitalization	capitalization	NOUN
ijosar-396	21	9	growth	growth	NOUN
ijosar-396	21	10	shocks	shock	VERB
ijosar-396	21	11	because	because	SCONJ
ijosar-396	21	12	it	it	PRON
ijosar-396	21	13	negatively	negatively	ADV
ijosar-396	21	14	affects	affect	VERB
ijosar-396	21	15	prices	price	NOUN
ijosar-396	21	16	level	level	NOUN
ijosar-396	21	17	,	,	PUNCT
ijosar-396	21	18	firms	firm	NOUN
ijosar-396	21	19	’	’	PART
ijosar-396	21	20	profits	profit	NOUN
ijosar-396	21	21	and	and	CCONJ
ijosar-396	21	22	even	even	ADV
ijosar-396	21	23	the	the	DET
ijosar-396	21	24	entire	entire	ADJ
ijosar-396	21	25	activity	activity	NOUN
ijosar-396	21	26	in	in	ADP
ijosar-396	21	27	an	an	DET
ijosar-396	21	28	economy	economy	NOUN
ijosar-396	21	29	.	.	PUNCT
ijosar-396	22	1	similarly	similarly	ADV
ijosar-396	22	2	,	,	PUNCT
ijosar-396	22	3	stock	stock	NOUN
ijosar-396	22	4	market	market	NOUN
ijosar-396	22	5	plays	play	VERB
ijosar-396	22	6	crucial	crucial	ADJ
ijosar-396	22	7	role	role	NOUN
ijosar-396	22	8	in	in	ADP
ijosar-396	22	9	economic	economic	ADJ
ijosar-396	22	10	development	development	NOUN
ijosar-396	22	11	of	of	ADP
ijosar-396	22	12	every	every	DET
ijosar-396	22	13	nation	nation	NOUN
ijosar-396	22	14	,	,	PUNCT
ijosar-396	22	15	stock	stock	NOUN
ijosar-396	22	16	market	market	NOUN
ijosar-396	22	17	serves	serve	VERB
ijosar-396	22	18	as	as	ADP
ijosar-396	22	19	a	a	DET
ijosar-396	22	20	transmission	transmission	NOUN
ijosar-396	22	21	mechanism	mechanism	NOUN
ijosar-396	22	22	upon	upon	SCONJ
ijosar-396	22	23	which	which	PRON
ijosar-396	22	24	savings	saving	NOUN
ijosar-396	22	25	are	be	AUX
ijosar-396	22	26	mobilized	mobilize	VERB
ijosar-396	22	27	and	and	CCONJ
ijosar-396	22	28	adequately	adequately	ADV
ijosar-396	22	29	distributed	distribute	VERB
ijosar-396	22	30	across	across	ADP
ijosar-396	22	31	the	the	DET
ijosar-396	22	32	economic	economic	ADJ
ijosar-396	22	33	sectors	sector	NOUN
ijosar-396	22	34	with	with	ADP
ijosar-396	22	35	the	the	DET
ijosar-396	22	36	view	view	NOUN
ijosar-396	22	37	to	to	PART
ijosar-396	22	38	realize	realize	VERB
ijosar-396	22	39	inclusive	inclusive	ADJ
ijosar-396	22	40	growth	growth	NOUN
ijosar-396	22	41	.	.	PUNCT
ijosar-396	23	1	exchange	exchange	NOUN
ijosar-396	23	2	rate	rate	NOUN
ijosar-396	23	3	and	and	CCONJ
ijosar-396	23	4	stock	stock	NOUN
ijosar-396	23	5	market	market	NOUN
ijosar-396	23	6	price	price	NOUN
ijosar-396	23	7	are	be	AUX
ijosar-396	23	8	interconnected	interconnect	VERB
ijosar-396	23	9	directly	directly	ADV
ijosar-396	23	10	or	or	CCONJ
ijosar-396	23	11	indirectly	indirectly	ADV
ijosar-396	23	12	,	,	PUNCT
ijosar-396	23	13	because	because	SCONJ
ijosar-396	23	14	today	today	NOUN
ijosar-396	23	15	,	,	PUNCT
ijosar-396	23	16	world	world	NOUN
ijosar-396	23	17	is	be	AUX
ijosar-396	23	18	turning	turn	VERB
ijosar-396	23	19	into	into	ADP
ijosar-396	23	20	a	a	DET
ijosar-396	23	21	global	global	ADJ
ijosar-396	23	22	village	village	NOUN
ijosar-396	23	23	due	due	ADP
ijosar-396	23	24	to	to	ADP
ijosar-396	23	25	trade	trade	VERB
ijosar-396	23	26	liberalization	liberalization	NOUN
ijosar-396	23	27	and	and	CCONJ
ijosar-396	23	28	globalization	globalization	NOUN
ijosar-396	23	29	.	.	PUNCT
ijosar-396	24	1	for	for	ADP
ijosar-396	24	2	instance	instance	NOUN
ijosar-396	24	3	,	,	PUNCT
ijosar-396	24	4	foreign	foreign	ADJ
ijosar-396	24	5	investors	investor	NOUN
ijosar-396	24	6	are	be	AUX
ijosar-396	24	7	busy	busy	ADJ
ijosar-396	24	8	investing	invest	VERB
ijosar-396	24	9	their	their	PRON
ijosar-396	24	10	capital	capital	NOUN
ijosar-396	24	11	in	in	ADP
ijosar-396	24	12	the	the	DET
ijosar-396	24	13	world	world	NOUN
ijosar-396	24	14	stock	stock	NOUN
ijosar-396	24	15	markets	market	NOUN
ijosar-396	24	16	.	.	PUNCT
ijosar-396	25	1	in	in	ADP
ijosar-396	25	2	this	this	DET
ijosar-396	25	3	process	process	NOUN
ijosar-396	25	4	international	international	ADJ
ijosar-396	25	5	investment	investment	NOUN
ijosar-396	25	6	is	be	AUX
ijosar-396	25	7	booming	boom	VERB
ijosar-396	25	8	rapidly	rapidly	ADV
ijosar-396	25	9	and	and	CCONJ
ijosar-396	25	10	capital	capital	NOUN
ijosar-396	25	11	is	be	AUX
ijosar-396	25	12	moving	move	VERB
ijosar-396	25	13	across	across	ADP
ijosar-396	25	14	the	the	DET
ijosar-396	25	15	world	world	NOUN
ijosar-396	25	16	(	(	PUNCT
ijosar-396	25	17	bala	bala	PROPN
ijosar-396	25	18	and	and	CCONJ
ijosar-396	25	19	hassan	hassan	PROPN
ijosar-396	25	20	,	,	PUNCT
ijosar-396	25	21	2018	2018	NUM
ijosar-396	25	22	)	)	PUNCT
ijosar-396	25	23	.	.	PUNCT
ijosar-396	26	1	the	the	DET
ijosar-396	26	2	benefits	benefit	NOUN
ijosar-396	26	3	of	of	ADP
ijosar-396	26	4	these	these	DET
ijosar-396	26	5	investors	investor	NOUN
ijosar-396	26	6	are	be	AUX
ijosar-396	26	7	being	be	AUX
ijosar-396	26	8	determined	determine	VERB
ijosar-396	26	9	by	by	ADP
ijosar-396	26	10	foreign	foreign	ADJ
ijosar-396	26	11	exchange	exchange	NOUN
ijosar-396	26	12	rate	rate	NOUN
ijosar-396	26	13	.	.	PUNCT
ijosar-396	27	1	moreover	moreover	ADV
ijosar-396	27	2	,	,	PUNCT
ijosar-396	27	3	instability	instability	NOUN
ijosar-396	27	4	in	in	ADP
ijosar-396	27	5	the	the	DET
ijosar-396	27	6	exchange	exchange	NOUN
ijosar-396	27	7	rate	rate	NOUN
ijosar-396	27	8	may	may	AUX
ijosar-396	27	9	bring	bring	VERB
ijosar-396	27	10	ijointernational	ijointernational	ADJ
ijosar-396	27	11	journal	journal	NOUN
ijosar-396	27	12	of	of	ADP
ijosar-396	27	13	social	social	ADJ
ijosar-396	27	14	science	science	NOUN
ijosar-396	27	15	and	and	CCONJ
ijosar-396	27	16	humanities	humanity	NOUN
ijosar-396	27	17	research	research	NOUN
ijosar-396	27	18	volume	volume	NOUN
ijosar-396	27	19	3|	3|	NUM
ijosar-396	27	20	issue	issue	NOUN
ijosar-396	27	21	12|	12|	NUM
ijosar-396	27	22	december	december	PROPN
ijosar-396	27	23	|	|	NOUN
ijosar-396	27	24	2020	2020	NUM
ijosar-396	27	25	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	27	26	19	19	NUM
ijosar-396	27	27	about	about	ADP
ijosar-396	27	28	uncertainty	uncertainty	NOUN
ijosar-396	27	29	or	or	CCONJ
ijosar-396	27	30	otherwise	otherwise	ADV
ijosar-396	27	31	in	in	ADP
ijosar-396	27	32	these	these	DET
ijosar-396	27	33	investors	investor	NOUN
ijosar-396	27	34	.	.	PUNCT
ijosar-396	28	1	thus	thus	ADV
ijosar-396	28	2	,	,	PUNCT
ijosar-396	28	3	exchange	exchange	NOUN
ijosar-396	28	4	rate	rate	NOUN
ijosar-396	28	5	is	be	AUX
ijosar-396	28	6	the	the	DET
ijosar-396	28	7	important	important	ADJ
ijosar-396	28	8	determinant	determinant	NOUN
ijosar-396	28	9	of	of	ADP
ijosar-396	28	10	stock	stock	NOUN
ijosar-396	28	11	market	market	NOUN
ijosar-396	28	12	fluctuations	fluctuation	NOUN
ijosar-396	28	13	(	(	PUNCT
ijosar-396	28	14	khan	khan	PROPN
ijosar-396	28	15	and	and	CCONJ
ijosar-396	28	16	ali	ali	PROPN
ijosar-396	28	17	,	,	PUNCT
ijosar-396	28	18	2015	2015	NUM
ijosar-396	28	19	)	)	PUNCT
ijosar-396	28	20	.	.	PUNCT
ijosar-396	29	1	in	in	ADP
ijosar-396	29	2	nigeria	nigeria	PROPN
ijosar-396	29	3	,	,	PUNCT
ijosar-396	29	4	the	the	DET
ijosar-396	29	5	value	value	NOUN
ijosar-396	29	6	of	of	ADP
ijosar-396	29	7	naira	naira	NUM
ijosar-396	29	8	experienced	experienced	ADJ
ijosar-396	29	9	high	high	ADJ
ijosar-396	29	10	degree	degree	NOUN
ijosar-396	29	11	of	of	ADP
ijosar-396	29	12	volatility	volatility	NOUN
ijosar-396	29	13	recently	recently	ADV
ijosar-396	29	14	,	,	PUNCT
ijosar-396	29	15	for	for	ADP
ijosar-396	29	16	example	example	NOUN
ijosar-396	29	17	,	,	PUNCT
ijosar-396	29	18	statistical	statistical	ADJ
ijosar-396	29	19	records	record	NOUN
ijosar-396	29	20	have	have	AUX
ijosar-396	29	21	shown	show	VERB
ijosar-396	29	22	that	that	SCONJ
ijosar-396	29	23	from	from	ADP
ijosar-396	29	24	2006	2006	NUM
ijosar-396	29	25	to	to	ADP
ijosar-396	29	26	2008	2008	NUM
ijosar-396	29	27	the	the	DET
ijosar-396	29	28	value	value	NOUN
ijosar-396	29	29	of	of	ADP
ijosar-396	29	30	naira	naira	NUM
ijosar-396	29	31	to	to	PART
ijosar-396	29	32	us$	us$	SYM
ijosar-396	29	33	was	be	AUX
ijosar-396	29	34	125	125	NUM
ijosar-396	29	35	,	,	PUNCT
ijosar-396	29	36	which	which	PRON
ijosar-396	29	37	further	far	ADV
ijosar-396	29	38	depreciated	depreciate	VERB
ijosar-396	29	39	from	from	ADP
ijosar-396	29	40	150.3	150.3	NUM
ijosar-396	29	41	in	in	ADP
ijosar-396	29	42	2010	2010	NUM
ijosar-396	29	43	to	to	PART
ijosar-396	29	44	average	average	VERB
ijosar-396	29	45	of	of	ADP
ijosar-396	29	46	153.90	153.90	NUM
ijosar-396	29	47	,	,	PUNCT
ijosar-396	29	48	156.81	156.81	NUM
ijosar-396	29	49	,	,	PUNCT
ijosar-396	29	50	305.25	305.25	NUM
ijosar-396	29	51	and	and	CCONJ
ijosar-396	29	52	306.45	306.45	NUM
ijosar-396	29	53	per	per	ADP
ijosar-396	29	54	us$	us$	SYM
ijosar-396	29	55	dollar	dollar	NOUN
ijosar-396	29	56	in	in	ADP
ijosar-396	29	57	2011	2011	NUM
ijosar-396	29	58	,	,	PUNCT
ijosar-396	29	59	2013	2013	NUM
ijosar-396	29	60	,	,	PUNCT
ijosar-396	29	61	2017	2017	NUM
ijosar-396	29	62	and	and	CCONJ
ijosar-396	29	63	2018	2018	NUM
ijosar-396	29	64	respectively	respectively	ADV
ijosar-396	29	65	.	.	PUNCT
ijosar-396	30	1	in	in	ADP
ijosar-396	30	2	the	the	DET
ijosar-396	30	3	same	same	ADJ
ijosar-396	30	4	vain	vain	NOUN
ijosar-396	30	5	the	the	DET
ijosar-396	30	6	stock	stock	NOUN
ijosar-396	30	7	market	market	NOUN
ijosar-396	30	8	moves	move	NOUN
ijosar-396	30	9	so	so	ADV
ijosar-396	30	10	strong	strong	ADJ
ijosar-396	30	11	in	in	ADP
ijosar-396	30	12	the	the	DET
ijosar-396	30	13	same	same	ADJ
ijosar-396	30	14	direction	direction	NOUN
ijosar-396	30	15	with	with	ADP
ijosar-396	30	16	the	the	DET
ijosar-396	30	17	currency	currency	NOUN
ijosar-396	30	18	exchange	exchange	NOUN
ijosar-396	30	19	rate	rate	NOUN
ijosar-396	30	20	,	,	PUNCT
ijosar-396	30	21	statistically	statistically	ADV
ijosar-396	30	22	,	,	PUNCT
ijosar-396	30	23	stock	stock	NOUN
ijosar-396	30	24	market	market	NOUN
ijosar-396	30	25	collapsed	collapse	VERB
ijosar-396	30	26	by	by	ADP
ijosar-396	30	27	about	about	ADV
ijosar-396	30	28	70	70	NUM
ijosar-396	30	29	%	%	NOUN
ijosar-396	30	30	between	between	ADP
ijosar-396	30	31	2008	2008	NUM
ijosar-396	30	32	-	-	SYM
ijosar-396	30	33	2009	2009	NUM
ijosar-396	30	34	.	.	PUNCT
ijosar-396	31	1	in	in	ADP
ijosar-396	31	2	addition	addition	NOUN
ijosar-396	31	3	,	,	PUNCT
ijosar-396	31	4	the	the	DET
ijosar-396	31	5	all	all	DET
ijosar-396	31	6	share	share	NOUN
ijosar-396	31	7	index	index	NOUN
ijosar-396	31	8	(	(	PUNCT
ijosar-396	31	9	asi	asi	NOUN
ijosar-396	31	10	)	)	PUNCT
ijosar-396	31	11	as	as	ADP
ijosar-396	31	12	measure	measure	NOUN
ijosar-396	31	13	of	of	ADP
ijosar-396	31	14	stock	stock	NOUN
ijosar-396	31	15	market	market	NOUN
ijosar-396	31	16	performance	performance	NOUN
ijosar-396	31	17	has	have	AUX
ijosar-396	31	18	persistently	persistently	ADV
ijosar-396	31	19	declined	decline	VERB
ijosar-396	31	20	from	from	ADP
ijosar-396	31	21	65,652.38	65,652.38	PROPN
ijosar-396	31	22	in	in	ADP
ijosar-396	31	23	2008	2008	NUM
ijosar-396	31	24	to	to	ADP
ijosar-396	31	25	less	less	ADJ
ijosar-396	31	26	than	than	ADP
ijosar-396	31	27	30,000.00	30,000.00	NUM
ijosar-396	31	28	points	point	NOUN
ijosar-396	31	29	in	in	ADP
ijosar-396	31	30	2012	2012	NUM
ijosar-396	31	31	.	.	PUNCT
ijosar-396	32	1	it	it	PRON
ijosar-396	32	2	however	however	ADV
ijosar-396	32	3	,	,	PUNCT
ijosar-396	32	4	increases	increase	VERB
ijosar-396	32	5	from	from	ADP
ijosar-396	32	6	31,853.19	31,853.19	NUM
ijosar-396	32	7	to	to	ADP
ijosar-396	32	8	41,210.10	41,210.10	PROPN
ijosar-396	32	9	points	point	NOUN
ijosar-396	32	10	between	between	ADP
ijosar-396	32	11	2013	2013	NUM
ijosar-396	32	12	and	and	CCONJ
ijosar-396	32	13	2014	2014	NUM
ijosar-396	32	14	,	,	PUNCT
ijosar-396	32	15	after	after	ADP
ijosar-396	32	16	which	which	PRON
ijosar-396	32	17	in	in	ADP
ijosar-396	32	18	continuously	continuously	ADV
ijosar-396	32	19	declined	decline	VERB
ijosar-396	32	20	to	to	ADP
ijosar-396	32	21	less	less	ADJ
ijosar-396	32	22	than	than	ADP
ijosar-396	32	23	31,853.19	31,853.19	NUM
ijosar-396	32	24	points	point	NOUN
ijosar-396	32	25	from	from	ADP
ijosar-396	32	26	2015	2015	NUM
ijosar-396	32	27	to	to	ADP
ijosar-396	32	28	date	date	NOUN
ijosar-396	32	29	(	(	PUNCT
ijosar-396	32	30	central	central	ADJ
ijosar-396	32	31	bank	bank	PROPN
ijosar-396	32	32	of	of	ADP
ijosar-396	32	33	nigeria	nigeria	PROPN
ijosar-396	32	34	,	,	PUNCT
ijosar-396	32	35	2018	2018	NUM
ijosar-396	32	36	)	)	PUNCT
ijosar-396	32	37	.	.	PUNCT
ijosar-396	33	1	a	a	DET
ijosar-396	33	2	liquid	liquid	ADJ
ijosar-396	33	3	stock	stock	NOUN
ijosar-396	33	4	market	market	NOUN
ijosar-396	33	5	development	development	NOUN
ijosar-396	33	6	offers	offer	VERB
ijosar-396	33	7	the	the	DET
ijosar-396	33	8	potential	potential	NOUN
ijosar-396	33	9	for	for	SCONJ
ijosar-396	33	10	investors	investor	NOUN
ijosar-396	33	11	to	to	PART
ijosar-396	33	12	quickly	quickly	ADV
ijosar-396	33	13	and	and	CCONJ
ijosar-396	33	14	cheaply	cheaply	ADV
ijosar-396	33	15	alter	alter	VERB
ijosar-396	33	16	their	their	PRON
ijosar-396	33	17	portfolios	portfolio	NOUN
ijosar-396	33	18	thereby	thereby	ADV
ijosar-396	33	19	reducing	reduce	VERB
ijosar-396	33	20	the	the	DET
ijosar-396	33	21	riskiness	riskiness	NOUN
ijosar-396	33	22	of	of	ADP
ijosar-396	33	23	their	their	PRON
ijosar-396	33	24	investment	investment	NOUN
ijosar-396	33	25	,	,	PUNCT
ijosar-396	33	26	thus	thus	ADV
ijosar-396	33	27	,	,	PUNCT
ijosar-396	33	28	facilitating	facilitate	VERB
ijosar-396	33	29	investments	investment	NOUN
ijosar-396	33	30	in	in	ADP
ijosar-396	33	31	projects	project	NOUN
ijosar-396	33	32	that	that	PRON
ijosar-396	33	33	are	be	AUX
ijosar-396	33	34	more	more	ADV
ijosar-396	33	35	profitable	profitable	ADJ
ijosar-396	33	36	(	(	PUNCT
ijosar-396	33	37	ezeabisili	ezeabisili	ADJ
ijosar-396	33	38	and	and	CCONJ
ijosar-396	33	39	alajekwe	alajekwe	NOUN
ijosar-396	33	40	,	,	PUNCT
ijosar-396	33	41	2012	2012	NUM
ijosar-396	33	42	)	)	PUNCT
ijosar-396	33	43	.	.	PUNCT
ijosar-396	34	1	without	without	ADP
ijosar-396	34	2	a	a	DET
ijosar-396	34	3	liquid	liquid	ADJ
ijosar-396	34	4	stock	stock	NOUN
ijosar-396	34	5	market	market	NOUN
ijosar-396	34	6	,	,	PUNCT
ijosar-396	34	7	many	many	ADJ
ijosar-396	34	8	profitable	profitable	ADJ
ijosar-396	34	9	long	long	ADJ
ijosar-396	34	10	-	-	PUNCT
ijosar-396	34	11	term	term	NOUN
ijosar-396	34	12	investments	investment	NOUN
ijosar-396	34	13	would	would	AUX
ijosar-396	34	14	not	not	PART
ijosar-396	34	15	be	be	AUX
ijosar-396	34	16	undertaken	undertake	VERB
ijosar-396	34	17	because	because	SCONJ
ijosar-396	34	18	savers	saver	NOUN
ijosar-396	34	19	would	would	AUX
ijosar-396	34	20	be	be	AUX
ijosar-396	34	21	reluctant	reluctant	ADJ
ijosar-396	34	22	to	to	PART
ijosar-396	34	23	tie	tie	VERB
ijosar-396	34	24	up	up	ADP
ijosar-396	34	25	their	their	PRON
ijosar-396	34	26	investments	investment	NOUN
ijosar-396	34	27	for	for	ADP
ijosar-396	34	28	long	long	ADJ
ijosar-396	34	29	periods	period	NOUN
ijosar-396	34	30	of	of	ADP
ijosar-396	34	31	time	time	NOUN
ijosar-396	34	32	(	(	PUNCT
ijosar-396	34	33	okonkwo	okonkwo	NOUN
ijosar-396	34	34	,	,	PUNCT
ijosar-396	34	35	ogwuru	ogwuru	PROPN
ijosar-396	34	36	and	and	CCONJ
ijosar-396	34	37	ajudua	ajudua	NOUN
ijosar-396	34	38	,	,	PUNCT
ijosar-396	34	39	2014	2014	NUM
ijosar-396	34	40	)	)	PUNCT
ijosar-396	34	41	.	.	PUNCT
ijosar-396	35	1	a	a	DET
ijosar-396	35	2	well	well	ADV
ijosar-396	35	3	-	-	PUNCT
ijosar-396	35	4	functioning	function	VERB
ijosar-396	35	5	stock	stock	NOUN
ijosar-396	35	6	market	market	NOUN
ijosar-396	35	7	fosters	foster	VERB
ijosar-396	35	8	growth	growth	NOUN
ijosar-396	35	9	and	and	CCONJ
ijosar-396	35	10	profit	profit	NOUN
ijosar-396	35	11	incentives	incentive	NOUN
ijosar-396	35	12	and	and	CCONJ
ijosar-396	35	13	also	also	ADV
ijosar-396	35	14	helps	help	VERB
ijosar-396	35	15	in	in	ADP
ijosar-396	35	16	risk	risk	NOUN
ijosar-396	35	17	management	management	NOUN
ijosar-396	35	18	(	(	PUNCT
ijosar-396	35	19	beck	beck	NOUN
ijosar-396	35	20	and	and	CCONJ
ijosar-396	35	21	levine	levine	PROPN
ijosar-396	35	22	2012	2012	NUM
ijosar-396	35	23	)	)	PUNCT
ijosar-396	35	24	.	.	PUNCT
ijosar-396	36	1	it	it	PRON
ijosar-396	36	2	has	have	AUX
ijosar-396	36	3	also	also	ADV
ijosar-396	36	4	been	be	AUX
ijosar-396	36	5	observed	observe	VERB
ijosar-396	36	6	that	that	SCONJ
ijosar-396	36	7	more	more	ADV
ijosar-396	36	8	developed	develop	VERB
ijosar-396	36	9	market	market	NOUN
ijosar-396	36	10	may	may	AUX
ijosar-396	36	11	provide	provide	VERB
ijosar-396	36	12	liquidity	liquidity	NOUN
ijosar-396	36	13	that	that	PRON
ijosar-396	36	14	lowers	lower	VERB
ijosar-396	36	15	the	the	DET
ijosar-396	36	16	cost	cost	NOUN
ijosar-396	36	17	of	of	ADP
ijosar-396	36	18	the	the	DET
ijosar-396	36	19	foreign	foreign	ADJ
ijosar-396	36	20	capital	capital	NOUN
ijosar-396	36	21	essential	essential	ADJ
ijosar-396	36	22	for	for	ADP
ijosar-396	36	23	development	development	NOUN
ijosar-396	36	24	,	,	PUNCT
ijosar-396	36	25	especially	especially	ADV
ijosar-396	36	26	in	in	ADP
ijosar-396	36	27	low	low	ADJ
ijosar-396	36	28	income	income	NOUN
ijosar-396	36	29	countries	country	NOUN
ijosar-396	36	30	that	that	PRON
ijosar-396	36	31	can	can	AUX
ijosar-396	36	32	not	not	PART
ijosar-396	36	33	generate	generate	VERB
ijosar-396	36	34	sufficient	sufficient	ADJ
ijosar-396	36	35	domestic	domestic	ADJ
ijosar-396	36	36	savings	saving	NOUN
ijosar-396	36	37	.	.	PUNCT
ijosar-396	37	1	however	however	ADV
ijosar-396	37	2	,	,	PUNCT
ijosar-396	37	3	the	the	DET
ijosar-396	37	4	concern	concern	NOUN
ijosar-396	37	5	about	about	ADP
ijosar-396	37	6	the	the	DET
ijosar-396	37	7	stock	stock	NOUN
ijosar-396	37	8	market	market	NOUN
ijosar-396	37	9	growth	growth	NOUN
ijosar-396	37	10	in	in	ADP
ijosar-396	37	11	nigeria	nigeria	PROPN
ijosar-396	37	12	is	be	AUX
ijosar-396	37	13	the	the	DET
ijosar-396	37	14	impact	impact	NOUN
ijosar-396	37	15	of	of	ADP
ijosar-396	37	16	globalization	globalization	NOUN
ijosar-396	37	17	on	on	ADP
ijosar-396	37	18	the	the	DET
ijosar-396	37	19	market	market	NOUN
ijosar-396	37	20	.	.	PUNCT
ijosar-396	38	1	it	it	PRON
ijosar-396	38	2	has	have	AUX
ijosar-396	38	3	not	not	PART
ijosar-396	38	4	been	be	AUX
ijosar-396	38	5	clearly	clearly	ADV
ijosar-396	38	6	ascertained	ascertain	VERB
ijosar-396	38	7	whether	whether	SCONJ
ijosar-396	38	8	globalization	globalization	NOUN
ijosar-396	38	9	especially	especially	ADV
ijosar-396	38	10	through	through	ADP
ijosar-396	38	11	increased	increase	VERB
ijosar-396	38	12	foreign	foreign	ADJ
ijosar-396	38	13	direct	direct	ADJ
ijosar-396	38	14	investment	investment	NOUN
ijosar-396	38	15	(	(	PUNCT
ijosar-396	38	16	fdi	fdi	NOUN
ijosar-396	38	17	)	)	PUNCT
ijosar-396	38	18	generate	generate	VERB
ijosar-396	38	19	positive	positive	ADJ
ijosar-396	38	20	impact	impact	NOUN
ijosar-396	38	21	or	or	CCONJ
ijosar-396	38	22	otherwise	otherwise	ADV
ijosar-396	38	23	on	on	ADP
ijosar-396	38	24	the	the	DET
ijosar-396	38	25	stock	stock	NOUN
ijosar-396	38	26	exchange	exchange	NOUN
ijosar-396	38	27	market	market	NOUN
ijosar-396	38	28	.	.	PUNCT
ijosar-396	39	1	though	though	SCONJ
ijosar-396	39	2	the	the	DET
ijosar-396	39	3	effect	effect	NOUN
ijosar-396	39	4	of	of	ADP
ijosar-396	39	5	globalization	globalization	NOUN
ijosar-396	39	6	has	have	AUX
ijosar-396	39	7	not	not	PART
ijosar-396	39	8	been	be	AUX
ijosar-396	39	9	undoubtedly	undoubtedly	ADV
ijosar-396	39	10	looked	look	VERB
ijosar-396	39	11	at	at	ADP
ijosar-396	39	12	by	by	ADP
ijosar-396	39	13	many	many	ADJ
ijosar-396	39	14	,	,	PUNCT
ijosar-396	39	15	trade	trade	NOUN
ijosar-396	39	16	openness	openness	NOUN
ijosar-396	39	17	has	have	AUX
ijosar-396	39	18	impacted	impact	VERB
ijosar-396	39	19	on	on	ADP
ijosar-396	39	20	most	most	ADJ
ijosar-396	39	21	factors	factor	NOUN
ijosar-396	39	22	identified	identify	VERB
ijosar-396	39	23	in	in	ADP
ijosar-396	39	24	the	the	DET
ijosar-396	39	25	literature	literature	NOUN
ijosar-396	39	26	to	to	PART
ijosar-396	39	27	be	be	AUX
ijosar-396	39	28	determinants	determinant	NOUN
ijosar-396	39	29	of	of	ADP
ijosar-396	39	30	stock	stock	NOUN
ijosar-396	39	31	exchange	exchange	NOUN
ijosar-396	39	32	market	market	NOUN
ijosar-396	39	33	growth	growth	NOUN
ijosar-396	39	34	(	(	PUNCT
ijosar-396	39	35	obstfied	obstfie	VERB
ijosar-396	39	36	,	,	PUNCT
ijosar-396	39	37	2002	2002	NUM
ijosar-396	39	38	)	)	PUNCT
ijosar-396	39	39	.	.	PUNCT
ijosar-396	40	1	specifically	specifically	ADV
ijosar-396	40	2	,	,	PUNCT
ijosar-396	40	3	the	the	DET
ijosar-396	40	4	role	role	NOUN
ijosar-396	40	5	of	of	ADP
ijosar-396	40	6	stock	stock	NOUN
ijosar-396	40	7	market	market	NOUN
ijosar-396	40	8	in	in	ADP
ijosar-396	40	9	economic	economic	ADJ
ijosar-396	40	10	development	development	NOUN
ijosar-396	40	11	can	can	AUX
ijosar-396	40	12	not	not	PART
ijosar-396	40	13	be	be	AUX
ijosar-396	40	14	overemphasized	overemphasize	VERB
ijosar-396	40	15	;	;	PUNCT
ijosar-396	40	16	the	the	DET
ijosar-396	40	17	liquidity	liquidity	NOUN
ijosar-396	40	18	of	of	ADP
ijosar-396	40	19	stock	stock	NOUN
ijosar-396	40	20	(	(	PUNCT
ijosar-396	40	21	capital	capital	NOUN
ijosar-396	40	22	investment	investment	NOUN
ijosar-396	40	23	)	)	PUNCT
ijosar-396	40	24	has	have	AUX
ijosar-396	40	25	been	be	AUX
ijosar-396	40	26	noted	note	VERB
ijosar-396	40	27	.	.	PUNCT
ijosar-396	41	1	many	many	ADJ
ijosar-396	41	2	profitable	profitable	ADJ
ijosar-396	41	3	investments	investment	NOUN
ijosar-396	41	4	require	require	VERB
ijosar-396	41	5	a	a	DET
ijosar-396	41	6	long	long	ADJ
ijosar-396	41	7	-	-	PUNCT
ijosar-396	41	8	term	term	NOUN
ijosar-396	41	9	commitment	commitment	NOUN
ijosar-396	41	10	of	of	ADP
ijosar-396	41	11	capital	capital	NOUN
ijosar-396	41	12	but	but	CCONJ
ijosar-396	41	13	investors	investor	NOUN
ijosar-396	41	14	might	might	AUX
ijosar-396	41	15	not	not	PART
ijosar-396	41	16	want	want	VERB
ijosar-396	41	17	to	to	PART
ijosar-396	41	18	tie	tie	VERB
ijosar-396	41	19	up	up	ADP
ijosar-396	41	20	their	their	PRON
ijosar-396	41	21	savings	saving	NOUN
ijosar-396	41	22	for	for	ADP
ijosar-396	41	23	such	such	ADJ
ijosar-396	41	24	long	long	ADJ
ijosar-396	41	25	periods	period	NOUN
ijosar-396	41	26	.	.	PUNCT
ijosar-396	42	1	until	until	ADP
ijosar-396	42	2	recently	recently	ADV
ijosar-396	42	3	,	,	PUNCT
ijosar-396	42	4	nigerian	nigerian	ADJ
ijosar-396	42	5	stock	stock	NOUN
ijosar-396	42	6	markets	market	NOUN
ijosar-396	42	7	have	have	AUX
ijosar-396	42	8	not	not	PART
ijosar-396	42	9	performed	perform	VERB
ijosar-396	42	10	impressively	impressively	ADV
ijosar-396	42	11	when	when	SCONJ
ijosar-396	42	12	compared	compare	VERB
ijosar-396	42	13	to	to	ADP
ijosar-396	42	14	those	those	PRON
ijosar-396	42	15	in	in	ADP
ijosar-396	42	16	other	other	ADJ
ijosar-396	42	17	regions	region	NOUN
ijosar-396	42	18	of	of	ADP
ijosar-396	42	19	the	the	DET
ijosar-396	42	20	world	world	NOUN
ijosar-396	42	21	.	.	PUNCT
ijosar-396	43	1	however	however	ADV
ijosar-396	43	2	,	,	PUNCT
ijosar-396	43	3	ijointernational	ijointernational	ADJ
ijosar-396	43	4	journal	journal	NOUN
ijosar-396	43	5	of	of	ADP
ijosar-396	43	6	social	social	ADJ
ijosar-396	43	7	science	science	NOUN
ijosar-396	43	8	and	and	CCONJ
ijosar-396	43	9	humanities	humanity	NOUN
ijosar-396	43	10	research	research	NOUN
ijosar-396	43	11	volume	volume	NOUN
ijosar-396	43	12	3|	3|	NUM
ijosar-396	43	13	issue	issue	NOUN
ijosar-396	43	14	12|	12|	NUM
ijosar-396	43	15	december	december	PROPN
ijosar-396	43	16	|	|	NOUN
ijosar-396	43	17	2020	2020	NUM
ijosar-396	43	18	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	43	19	20	20	NUM
ijosar-396	43	20	nigerian	nigerian	ADJ
ijosar-396	43	21	stock	stock	NOUN
ijosar-396	43	22	exchange	exchange	NOUN
ijosar-396	43	23	has	have	AUX
ijosar-396	43	24	experienced	experience	VERB
ijosar-396	43	25	significant	significant	ADJ
ijosar-396	43	26	gains	gain	NOUN
ijosar-396	43	27	in	in	ADP
ijosar-396	43	28	the	the	DET
ijosar-396	43	29	entry	entry	NOUN
ijosar-396	43	30	of	of	ADP
ijosar-396	43	31	the	the	DET
ijosar-396	43	32	new	new	ADJ
ijosar-396	43	33	millennium	millennium	NOUN
ijosar-396	43	34	:	:	PUNCT
ijosar-396	43	35	market	market	NOUN
ijosar-396	43	36	capitalization	capitalization	NOUN
ijosar-396	43	37	and	and	CCONJ
ijosar-396	43	38	new	new	ADJ
ijosar-396	43	39	listing	listing	NOUN
ijosar-396	43	40	no	no	DET
ijosar-396	43	41	doubt	doubt	NOUN
ijosar-396	43	42	have	have	AUX
ijosar-396	43	43	increased	increase	VERB
ijosar-396	43	44	.	.	PUNCT
ijosar-396	44	1	these	these	DET
ijosar-396	44	2	changes	change	NOUN
ijosar-396	44	3	have	have	AUX
ijosar-396	44	4	taken	take	VERB
ijosar-396	44	5	place	place	NOUN
ijosar-396	44	6	within	within	ADP
ijosar-396	44	7	the	the	DET
ijosar-396	44	8	context	context	NOUN
ijosar-396	44	9	of	of	ADP
ijosar-396	44	10	globalization	globalization	NOUN
ijosar-396	44	11	and	and	CCONJ
ijosar-396	44	12	internationalization	internationalization	NOUN
ijosar-396	44	13	policies	policy	NOUN
ijosar-396	44	14	that	that	PRON
ijosar-396	44	15	reflect	reflect	VERB
ijosar-396	44	16	the	the	DET
ijosar-396	44	17	effort	effort	NOUN
ijosar-396	44	18	of	of	ADP
ijosar-396	44	19	the	the	DET
ijosar-396	44	20	government	government	NOUN
ijosar-396	44	21	to	to	PART
ijosar-396	44	22	use	use	VERB
ijosar-396	44	23	stock	stock	NOUN
ijosar-396	44	24	markets	market	NOUN
ijosar-396	44	25	as	as	ADP
ijosar-396	44	26	a	a	DET
ijosar-396	44	27	means	means	NOUN
ijosar-396	44	28	of	of	ADP
ijosar-396	44	29	privatization	privatization	NOUN
ijosar-396	44	30	and	and	CCONJ
ijosar-396	44	31	engine	engine	NOUN
ijosar-396	44	32	growth	growth	NOUN
ijosar-396	44	33	of	of	ADP
ijosar-396	44	34	the	the	DET
ijosar-396	44	35	economy	economy	NOUN
ijosar-396	44	36	.	.	PUNCT
ijosar-396	45	1	against	against	ADP
ijosar-396	45	2	this	this	DET
ijosar-396	45	3	background	background	NOUN
ijosar-396	45	4	,	,	PUNCT
ijosar-396	45	5	this	this	DET
ijosar-396	45	6	study	study	NOUN
ijosar-396	45	7	is	be	AUX
ijosar-396	45	8	designed	design	VERB
ijosar-396	45	9	to	to	PART
ijosar-396	45	10	understudy	understudy	VERB
ijosar-396	45	11	the	the	DET
ijosar-396	45	12	effect	effect	NOUN
ijosar-396	45	13	of	of	ADP
ijosar-396	45	14	trade	trade	NOUN
ijosar-396	45	15	openness	openness	NOUN
ijosar-396	45	16	and	and	CCONJ
ijosar-396	45	17	exchange	exchange	NOUN
ijosar-396	45	18	rate	rate	NOUN
ijosar-396	45	19	on	on	ADP
ijosar-396	45	20	stock	stock	NOUN
ijosar-396	45	21	market	market	NOUN
ijosar-396	45	22	capitalization	capitalization	NOUN
ijosar-396	45	23	growth	growth	NOUN
ijosar-396	45	24	in	in	ADP
ijosar-396	45	25	nigeria	nigeria	PROPN
ijosar-396	45	26	.	.	PUNCT
ijosar-396	46	1	the	the	DET
ijosar-396	46	2	objective	objective	NOUN
ijosar-396	46	3	of	of	ADP
ijosar-396	46	4	this	this	DET
ijosar-396	46	5	study	study	NOUN
ijosar-396	46	6	is	be	AUX
ijosar-396	46	7	to	to	PART
ijosar-396	46	8	examine	examine	VERB
ijosar-396	46	9	the	the	DET
ijosar-396	46	10	effects	effect	NOUN
ijosar-396	46	11	of	of	ADP
ijosar-396	46	12	trade	trade	NOUN
ijosar-396	46	13	openness	openness	NOUN
ijosar-396	46	14	and	and	CCONJ
ijosar-396	46	15	exchange	exchange	NOUN
ijosar-396	46	16	rate	rate	NOUN
ijosar-396	46	17	on	on	ADP
ijosar-396	46	18	stock	stock	NOUN
ijosar-396	46	19	market	market	NOUN
ijosar-396	46	20	capitalization	capitalization	NOUN
ijosar-396	46	21	growth	growth	NOUN
ijosar-396	46	22	in	in	ADP
ijosar-396	46	23	nigeria	nigeria	PROPN
ijosar-396	46	24	.	.	PUNCT
ijosar-396	47	1	to	to	PART
ijosar-396	47	2	achieve	achieve	VERB
ijosar-396	47	3	the	the	DET
ijosar-396	47	4	objective	objective	NOUN
ijosar-396	47	5	,	,	PUNCT
ijosar-396	47	6	this	this	DET
ijosar-396	47	7	study	study	NOUN
ijosar-396	47	8	is	be	AUX
ijosar-396	47	9	structured	structure	VERB
ijosar-396	47	10	into	into	ADP
ijosar-396	47	11	five	five	NUM
ijosar-396	47	12	sections	section	NOUN
ijosar-396	47	13	including	include	VERB
ijosar-396	47	14	this	this	DET
ijosar-396	47	15	introduction	introduction	NOUN
ijosar-396	47	16	.	.	PUNCT
ijosar-396	48	1	section	section	NOUN
ijosar-396	48	2	two	two	NUM
ijosar-396	48	3	and	and	CCONJ
ijosar-396	48	4	three	three	NUM
ijosar-396	48	5	contains	contain	VERB
ijosar-396	48	6	review	review	NOUN
ijosar-396	48	7	of	of	ADP
ijosar-396	48	8	related	related	ADJ
ijosar-396	48	9	literature	literature	NOUN
ijosar-396	48	10	and	and	CCONJ
ijosar-396	48	11	methodology	methodology	NOUN
ijosar-396	48	12	.	.	PUNCT
ijosar-396	49	1	while	while	SCONJ
ijosar-396	49	2	section	section	NOUN
ijosar-396	49	3	four	four	NUM
ijosar-396	49	4	and	and	CCONJ
ijosar-396	49	5	five	five	NUM
ijosar-396	49	6	comprises	comprise	NOUN
ijosar-396	49	7	findings	finding	NOUN
ijosar-396	49	8	of	of	ADP
ijosar-396	49	9	this	this	DET
ijosar-396	49	10	study	study	NOUN
ijosar-396	49	11	and	and	CCONJ
ijosar-396	49	12	conclusion	conclusion	NOUN
ijosar-396	49	13	and	and	CCONJ
ijosar-396	49	14	recommendations	recommendation	NOUN
ijosar-396	49	15	correspondingly	correspondingly	ADV
ijosar-396	49	16	.	.	PUNCT
ijosar-396	50	1	2	2	X
ijosar-396	50	2	.	.	X
ijosar-396	50	3	review	review	NOUN
ijosar-396	50	4	of	of	ADP
ijosar-396	50	5	related	related	ADJ
ijosar-396	50	6	literature	literature	NOUN
ijosar-396	50	7	theoretical	theoretical	PROPN
ijosar-396	50	8	literature	literature	PROPN
ijosar-396	50	9	demandsupply	demandsupply	ADV
ijosar-396	50	10	theory	theory	NOUN
ijosar-396	50	11	it	it	PRON
ijosar-396	50	12	is	be	AUX
ijosar-396	50	13	also	also	ADV
ijosar-396	50	14	referred	refer	VERB
ijosar-396	50	15	to	to	ADP
ijosar-396	50	16	as	as	ADP
ijosar-396	50	17	theory	theory	NOUN
ijosar-396	50	18	of	of	ADP
ijosar-396	50	19	exchange	exchange	NOUN
ijosar-396	50	20	rate	rate	NOUN
ijosar-396	50	21	.	.	PUNCT
ijosar-396	51	1	the	the	DET
ijosar-396	51	2	theory	theory	NOUN
ijosar-396	51	3	stresses	stress	VERB
ijosar-396	51	4	that	that	SCONJ
ijosar-396	51	5	the	the	DET
ijosar-396	51	6	rate	rate	NOUN
ijosar-396	51	7	exchange	exchange	NOUN
ijosar-396	51	8	basically	basically	ADV
ijosar-396	51	9	relates	relate	VERB
ijosar-396	51	10	to	to	ADP
ijosar-396	51	11	the	the	DET
ijosar-396	51	12	position	position	NOUN
ijosar-396	51	13	of	of	ADP
ijosar-396	51	14	balance	balance	NOUN
ijosar-396	51	15	of	of	ADP
ijosar-396	51	16	payments	payment	NOUN
ijosar-396	51	17	of	of	ADP
ijosar-396	51	18	the	the	DET
ijosar-396	51	19	country	country	NOUN
ijosar-396	51	20	concerned	concern	VERB
ijosar-396	51	21	.	.	PUNCT
ijosar-396	52	1	a	a	DET
ijosar-396	52	2	favourable	favourable	ADJ
ijosar-396	52	3	balance	balance	NOUN
ijosar-396	52	4	of	of	ADP
ijosar-396	52	5	payments	payment	NOUN
ijosar-396	52	6	leads	lead	VERB
ijosar-396	52	7	to	to	ADP
ijosar-396	52	8	an	an	DET
ijosar-396	52	9	appreciation	appreciation	NOUN
ijosar-396	52	10	in	in	ADP
ijosar-396	52	11	the	the	DET
ijosar-396	52	12	external	external	ADJ
ijosar-396	52	13	value	value	NOUN
ijosar-396	52	14	of	of	ADP
ijosar-396	52	15	the	the	DET
ijosar-396	52	16	currency	currency	NOUN
ijosar-396	52	17	of	of	ADP
ijosar-396	52	18	the	the	DET
ijosar-396	52	19	country	country	NOUN
ijosar-396	52	20	.	.	PUNCT
ijosar-396	53	1	unfavorable	unfavorable	ADJ
ijosar-396	53	2	balance	balance	NOUN
ijosar-396	53	3	of	of	ADP
ijosar-396	53	4	payments	payment	NOUN
ijosar-396	53	5	causes	cause	VERB
ijosar-396	53	6	a	a	DET
ijosar-396	53	7	depreciation	depreciation	NOUN
ijosar-396	53	8	of	of	ADP
ijosar-396	53	9	the	the	DET
ijosar-396	53	10	external	external	ADJ
ijosar-396	53	11	value	value	NOUN
ijosar-396	53	12	.	.	PUNCT
ijosar-396	54	1	the	the	DET
ijosar-396	54	2	exchange	exchange	NOUN
ijosar-396	54	3	rate	rate	NOUN
ijosar-396	54	4	holds	hold	VERB
ijosar-396	54	5	that	that	SCONJ
ijosar-396	54	6	the	the	DET
ijosar-396	54	7	price	price	NOUN
ijosar-396	54	8	of	of	ADP
ijosar-396	54	9	foreign	foreign	ADJ
ijosar-396	54	10	money	money	NOUN
ijosar-396	54	11	in	in	ADP
ijosar-396	54	12	terms	term	NOUN
ijosar-396	54	13	of	of	ADP
ijosar-396	54	14	domestic	domestic	ADJ
ijosar-396	54	15	money	money	NOUN
ijosar-396	54	16	is	be	AUX
ijosar-396	54	17	determined	determine	VERB
ijosar-396	54	18	by	by	ADP
ijosar-396	54	19	the	the	DET
ijosar-396	54	20	free	free	ADJ
ijosar-396	54	21	forces	force	NOUN
ijosar-396	54	22	of	of	ADP
ijosar-396	54	23	demand	demand	NOUN
ijosar-396	54	24	and	and	CCONJ
ijosar-396	54	25	supply	supply	NOUN
ijosar-396	54	26	in	in	ADP
ijosar-396	54	27	the	the	DET
ijosar-396	54	28	foreign	foreign	ADJ
ijosar-396	54	29	exchange	exchange	NOUN
ijosar-396	54	30	market	market	NOUN
ijosar-396	54	31	.	.	PUNCT
ijosar-396	55	1	it	it	PRON
ijosar-396	55	2	follows	follow	VERB
ijosar-396	55	3	that	that	SCONJ
ijosar-396	55	4	the	the	DET
ijosar-396	55	5	external	external	ADJ
ijosar-396	55	6	value	value	NOUN
ijosar-396	55	7	of	of	ADP
ijosar-396	55	8	a	a	DET
ijosar-396	55	9	country	country	NOUN
ijosar-396	55	10	’s	’s	PART
ijosar-396	55	11	currency	currency	NOUN
ijosar-396	55	12	will	will	AUX
ijosar-396	55	13	depend	depend	VERB
ijosar-396	55	14	upon	upon	SCONJ
ijosar-396	55	15	the	the	DET
ijosar-396	55	16	demand	demand	NOUN
ijosar-396	55	17	for	for	ADP
ijosar-396	55	18	and	and	CCONJ
ijosar-396	55	19	supply	supply	NOUN
ijosar-396	55	20	of	of	ADP
ijosar-396	55	21	the	the	DET
ijosar-396	55	22	currency	currency	NOUN
ijosar-396	55	23	.	.	PUNCT
ijosar-396	56	1	the	the	DET
ijosar-396	56	2	theory	theory	NOUN
ijosar-396	56	3	states	state	VERB
ijosar-396	56	4	that	that	SCONJ
ijosar-396	56	5	the	the	DET
ijosar-396	56	6	forces	force	NOUN
ijosar-396	56	7	of	of	ADP
ijosar-396	56	8	demand	demand	NOUN
ijosar-396	56	9	and	and	CCONJ
ijosar-396	56	10	supply	supply	NOUN
ijosar-396	56	11	are	be	AUX
ijosar-396	56	12	determined	determine	VERB
ijosar-396	56	13	by	by	ADP
ijosar-396	56	14	various	various	ADJ
ijosar-396	56	15	items	item	NOUN
ijosar-396	56	16	in	in	ADP
ijosar-396	56	17	the	the	DET
ijosar-396	56	18	balance	balance	NOUN
ijosar-396	56	19	of	of	ADP
ijosar-396	56	20	payments	payment	NOUN
ijosar-396	56	21	of	of	ADP
ijosar-396	56	22	a	a	DET
ijosar-396	56	23	country	country	NOUN
ijosar-396	56	24	.	.	PUNCT
ijosar-396	57	1	according	accord	VERB
ijosar-396	57	2	to	to	ADP
ijosar-396	57	3	the	the	DET
ijosar-396	57	4	theory	theory	NOUN
ijosar-396	57	5	,	,	PUNCT
ijosar-396	57	6	a	a	DET
ijosar-396	57	7	deficit	deficit	NOUN
ijosar-396	57	8	in	in	ADP
ijosar-396	57	9	the	the	DET
ijosar-396	57	10	balance	balance	NOUN
ijosar-396	57	11	of	of	ADP
ijosar-396	57	12	payments	payment	NOUN
ijosar-396	57	13	leads	lead	VERB
ijosar-396	57	14	of	of	ADP
ijosar-396	57	15	a	a	DET
ijosar-396	57	16	fall	fall	NOUN
ijosar-396	57	17	or	or	CCONJ
ijosar-396	57	18	depreciation	depreciation	NOUN
ijosar-396	57	19	in	in	ADP
ijosar-396	57	20	the	the	DET
ijosar-396	57	21	rate	rate	NOUN
ijosar-396	57	22	of	of	ADP
ijosar-396	57	23	exchange	exchange	NOUN
ijosar-396	57	24	,	,	PUNCT
ijosar-396	57	25	while	while	SCONJ
ijosar-396	57	26	a	a	DET
ijosar-396	57	27	surplus	surplus	NOUN
ijosar-396	57	28	in	in	ADP
ijosar-396	57	29	the	the	DET
ijosar-396	57	30	balance	balance	NOUN
ijosar-396	57	31	of	of	ADP
ijosar-396	57	32	payments	payment	NOUN
ijosar-396	57	33	strengthens	strengthen	VERB
ijosar-396	57	34	the	the	DET
ijosar-396	57	35	exchange	exchange	NOUN
ijosar-396	57	36	reserves	reserve	NOUN
ijosar-396	57	37	,	,	PUNCT
ijosar-396	57	38	causing	cause	VERB
ijosar-396	57	39	an	an	DET
ijosar-396	57	40	appreciation	appreciation	NOUN
ijosar-396	57	41	in	in	ADP
ijosar-396	57	42	the	the	DET
ijosar-396	57	43	price	price	NOUN
ijosar-396	57	44	of	of	ADP
ijosar-396	57	45	home	home	NOUN
ijosar-396	57	46	currency	currency	NOUN
ijosar-396	57	47	in	in	ADP
ijosar-396	57	48	terms	term	NOUN
ijosar-396	57	49	of	of	ADP
ijosar-396	57	50	foreign	foreign	ADJ
ijosar-396	57	51	currency	currency	NOUN
ijosar-396	57	52	.	.	PUNCT
ijosar-396	58	1	a	a	DET
ijosar-396	58	2	deficit	deficit	NOUN
ijosar-396	58	3	balance	balance	NOUN
ijosar-396	58	4	of	of	ADP
ijosar-396	58	5	payments	payment	NOUN
ijosar-396	58	6	of	of	ADP
ijosar-396	58	7	a	a	DET
ijosar-396	58	8	country	country	NOUN
ijosar-396	58	9	implies	imply	VERB
ijosar-396	58	10	that	that	SCONJ
ijosar-396	58	11	demand	demand	NOUN
ijosar-396	58	12	for	for	ADP
ijosar-396	58	13	foreign	foreign	ADJ
ijosar-396	58	14	exchange	exchange	NOUN
ijosar-396	58	15	exceeds	exceed	VERB
ijosar-396	58	16	its	its	PRON
ijosar-396	58	17	supply	supply	NOUN
ijosar-396	58	18	.	.	PUNCT
ijosar-396	59	1	as	as	ADP
ijosar-396	59	2	a	a	DET
ijosar-396	59	3	result	result	NOUN
ijosar-396	59	4	,	,	PUNCT
ijosar-396	59	5	the	the	DET
ijosar-396	59	6	price	price	NOUN
ijosar-396	59	7	of	of	ADP
ijosar-396	59	8	foreign	foreign	ADJ
ijosar-396	59	9	money	money	NOUN
ijosar-396	59	10	in	in	ADP
ijosar-396	59	11	terms	term	NOUN
ijosar-396	59	12	of	of	ADP
ijosar-396	59	13	domestic	domestic	ADJ
ijosar-396	59	14	currency	currency	NOUN
ijosar-396	59	15	must	must	AUX
ijosar-396	59	16	rise	rise	VERB
ijosar-396	59	17	,	,	PUNCT
ijosar-396	59	18	i.e.	i.e.	X
ijosar-396	59	19	,	,	PUNCT
ijosar-396	59	20	the	the	DET
ijosar-396	59	21	exchange	exchange	NOUN
ijosar-396	59	22	rate	rate	NOUN
ijosar-396	59	23	of	of	ADP
ijosar-396	59	24	domestic	domestic	ADJ
ijosar-396	59	25	currency	currency	NOUN
ijosar-396	59	26	ijointernational	ijointernational	ADJ
ijosar-396	59	27	journal	journal	NOUN
ijosar-396	59	28	of	of	ADP
ijosar-396	59	29	social	social	ADJ
ijosar-396	59	30	science	science	NOUN
ijosar-396	59	31	and	and	CCONJ
ijosar-396	59	32	humanities	humanity	NOUN
ijosar-396	59	33	research	research	NOUN
ijosar-396	59	34	volume	volume	NOUN
ijosar-396	59	35	3|	3|	NUM
ijosar-396	59	36	issue	issue	NOUN
ijosar-396	60	1	12|	12|	NUM
ijosar-396	60	2	december	december	PROPN
ijosar-396	60	3	|	|	NOUN
ijosar-396	60	4	2020	2020	NUM
ijosar-396	60	5	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	60	6	21	21	NUM
ijosar-396	60	7	must	must	AUX
ijosar-396	60	8	fall	fall	VERB
ijosar-396	60	9	.	.	PUNCT
ijosar-396	61	1	on	on	ADP
ijosar-396	61	2	the	the	DET
ijosar-396	61	3	other	other	ADJ
ijosar-396	61	4	hand	hand	NOUN
ijosar-396	61	5	,	,	PUNCT
ijosar-396	61	6	a	a	DET
ijosar-396	61	7	surplus	surplus	NOUN
ijosar-396	61	8	in	in	ADP
ijosar-396	61	9	the	the	DET
ijosar-396	61	10	balance	balance	NOUN
ijosar-396	61	11	of	of	ADP
ijosar-396	61	12	payments	payment	NOUN
ijosar-396	61	13	of	of	ADP
ijosar-396	61	14	a	a	DET
ijosar-396	61	15	country	country	NOUN
ijosar-396	61	16	implies	imply	VERB
ijosar-396	61	17	a	a	DET
ijosar-396	61	18	greater	great	ADJ
ijosar-396	61	19	demand	demand	NOUN
ijosar-396	61	20	for	for	ADP
ijosar-396	61	21	home	home	NOUN
ijosar-396	61	22	currency	currency	NOUN
ijosar-396	61	23	in	in	ADP
ijosar-396	61	24	a	a	DET
ijosar-396	61	25	foreign	foreign	ADJ
ijosar-396	61	26	country	country	NOUN
ijosar-396	61	27	than	than	ADP
ijosar-396	61	28	the	the	DET
ijosar-396	61	29	available	available	ADJ
ijosar-396	61	30	supply	supply	NOUN
ijosar-396	61	31	.	.	PUNCT
ijosar-396	62	1	as	as	ADP
ijosar-396	62	2	a	a	DET
ijosar-396	62	3	result	result	NOUN
ijosar-396	62	4	,	,	PUNCT
ijosar-396	62	5	the	the	DET
ijosar-396	62	6	price	price	NOUN
ijosar-396	62	7	of	of	ADP
ijosar-396	62	8	home	home	NOUN
ijosar-396	62	9	currency	currency	NOUN
ijosar-396	62	10	in	in	ADP
ijosar-396	62	11	terms	term	NOUN
ijosar-396	62	12	of	of	ADP
ijosar-396	62	13	foreign	foreign	ADJ
ijosar-396	62	14	money	money	NOUN
ijosar-396	62	15	rises	rise	VERB
ijosar-396	62	16	,	,	PUNCT
ijosar-396	62	17	i.e.	i.e.	X
ijosar-396	62	18	,	,	PUNCT
ijosar-396	62	19	the	the	DET
ijosar-396	62	20	rate	rate	NOUN
ijosar-396	62	21	of	of	ADP
ijosar-396	62	22	exchange	exchange	NOUN
ijosar-396	62	23	improves	improve	VERB
ijosar-396	62	24	.	.	PUNCT
ijosar-396	63	1	in	in	ADP
ijosar-396	63	2	short	short	ADJ
ijosar-396	63	3	,	,	PUNCT
ijosar-396	63	4	the	the	DET
ijosar-396	63	5	balance	balance	NOUN
ijosar-396	63	6	of	of	ADP
ijosar-396	63	7	payments	payment	NOUN
ijosar-396	63	8	theory	theory	NOUN
ijosar-396	63	9	simply	simply	ADV
ijosar-396	63	10	holds	hold	VERB
ijosar-396	63	11	that	that	SCONJ
ijosar-396	63	12	the	the	DET
ijosar-396	63	13	exchange	exchange	NOUN
ijosar-396	63	14	rates	rate	NOUN
ijosar-396	63	15	are	be	AUX
ijosar-396	63	16	determined	determine	VERB
ijosar-396	63	17	by	by	ADP
ijosar-396	63	18	the	the	DET
ijosar-396	63	19	balance	balance	NOUN
ijosar-396	63	20	of	of	ADP
ijosar-396	63	21	payments	payment	NOUN
ijosar-396	63	22	,	,	PUNCT
ijosar-396	63	23	connoting	connote	VERB
ijosar-396	63	24	demand	demand	NOUN
ijosar-396	63	25	and	and	CCONJ
ijosar-396	63	26	supply	supply	NOUN
ijosar-396	63	27	positions	position	NOUN
ijosar-396	63	28	of	of	ADP
ijosar-396	63	29	foreign	foreign	ADJ
ijosar-396	63	30	exchange	exchange	NOUN
ijosar-396	63	31	in	in	ADP
ijosar-396	63	32	the	the	DET
ijosar-396	63	33	country	country	NOUN
ijosar-396	63	34	concerned	concern	VERB
ijosar-396	63	35	.	.	PUNCT
ijosar-396	64	1	as	as	ADP
ijosar-396	64	2	such	such	ADJ
ijosar-396	64	3	,	,	PUNCT
ijosar-396	64	4	this	this	DET
ijosar-396	64	5	theory	theory	NOUN
ijosar-396	64	6	is	be	AUX
ijosar-396	64	7	also	also	ADV
ijosar-396	64	8	designated	designate	VERB
ijosar-396	64	9	as	as	ADP
ijosar-396	64	10	“	"	PUNCT
ijosar-396	64	11	theory	theory	NOUN
ijosar-396	64	12	of	of	ADP
ijosar-396	64	13	exchange	exchange	NOUN
ijosar-396	64	14	rate	rate	NOUN
ijosar-396	64	15	,	,	PUNCT
ijosar-396	64	16	”	"	PUNCT
ijosar-396	64	17	the	the	DET
ijosar-396	64	18	theory	theory	NOUN
ijosar-396	64	19	asserts	assert	VERB
ijosar-396	64	20	that	that	SCONJ
ijosar-396	64	21	the	the	DET
ijosar-396	64	22	rate	rate	NOUN
ijosar-396	64	23	of	of	ADP
ijosar-396	64	24	exchange	exchange	NOUN
ijosar-396	64	25	is	be	AUX
ijosar-396	64	26	the	the	DET
ijosar-396	64	27	function	function	NOUN
ijosar-396	64	28	of	of	ADP
ijosar-396	64	29	the	the	DET
ijosar-396	64	30	supply	supply	NOUN
ijosar-396	64	31	of	of	ADP
ijosar-396	64	32	and	and	CCONJ
ijosar-396	64	33	demand	demand	NOUN
ijosar-396	64	34	for	for	ADP
ijosar-396	64	35	foreign	foreign	ADJ
ijosar-396	64	36	money	money	NOUN
ijosar-396	64	37	and	and	CCONJ
ijosar-396	64	38	not	not	PART
ijosar-396	64	39	exclusively	exclusively	ADV
ijosar-396	64	40	the	the	DET
ijosar-396	64	41	function	function	NOUN
ijosar-396	64	42	of	of	ADP
ijosar-396	64	43	prices	price	NOUN
ijosar-396	64	44	obtaining	obtain	VERB
ijosar-396	64	45	between	between	ADP
ijosar-396	64	46	two	two	NUM
ijosar-396	64	47	countries	country	NOUN
ijosar-396	64	48	as	as	SCONJ
ijosar-396	64	49	asserted	assert	VERB
ijosar-396	64	50	by	by	ADP
ijosar-396	64	51	the	the	DET
ijosar-396	64	52	purchasing	purchasing	NOUN
ijosar-396	64	53	power	power	NOUN
ijosar-396	64	54	parity	parity	NOUN
ijosar-396	64	55	theory	theory	NOUN
ijosar-396	64	56	which	which	PRON
ijosar-396	64	57	does	do	AUX
ijosar-396	64	58	not	not	PART
ijosar-396	64	59	take	take	VERB
ijosar-396	64	60	into	into	ADP
ijosar-396	64	61	account	account	NOUN
ijosar-396	64	62	invisible	invisible	ADJ
ijosar-396	64	63	items	item	NOUN
ijosar-396	64	64	.	.	PUNCT
ijosar-396	65	1	according	accord	VERB
ijosar-396	65	2	to	to	ADP
ijosar-396	65	3	the	the	DET
ijosar-396	65	4	demand	demand	NOUN
ijosar-396	65	5	and	and	CCONJ
ijosar-396	65	6	supply	supply	NOUN
ijosar-396	65	7	theory	theory	NOUN
ijosar-396	65	8	,	,	PUNCT
ijosar-396	65	9	the	the	DET
ijosar-396	65	10	demand	demand	NOUN
ijosar-396	65	11	for	for	ADP
ijosar-396	65	12	foreign	foreign	ADJ
ijosar-396	65	13	exchange	exchange	NOUN
ijosar-396	65	14	arises	arise	VERB
ijosar-396	65	15	from	from	ADP
ijosar-396	65	16	the	the	DET
ijosar-396	65	17	“	"	PUNCT
ijosar-396	65	18	debit	debit	NOUN
ijosar-396	65	19	”	"	PUNCT
ijosar-396	65	20	items	item	NOUN
ijosar-396	65	21	in	in	ADP
ijosar-396	65	22	the	the	DET
ijosar-396	65	23	balance	balance	NOUN
ijosar-396	65	24	of	of	ADP
ijosar-396	65	25	payments	payment	NOUN
ijosar-396	65	26	,	,	PUNCT
ijosar-396	65	27	whereas	whereas	SCONJ
ijosar-396	65	28	the	the	DET
ijosar-396	65	29	supply	supply	NOUN
ijosar-396	65	30	of	of	ADP
ijosar-396	65	31	foreign	foreign	ADJ
ijosar-396	65	32	exchange	exchange	NOUN
ijosar-396	65	33	arises	arise	VERB
ijosar-396	65	34	from	from	ADP
ijosar-396	65	35	the	the	DET
ijosar-396	65	36	“	"	PUNCT
ijosar-396	65	37	credit	credit	NOUN
ijosar-396	65	38	”	"	PUNCT
ijosar-396	65	39	items	item	NOUN
ijosar-396	65	40	.	.	PUNCT
ijosar-396	66	1	since	since	SCONJ
ijosar-396	66	2	the	the	DET
ijosar-396	66	3	theory	theory	NOUN
ijosar-396	66	4	assumes	assume	VERB
ijosar-396	66	5	that	that	SCONJ
ijosar-396	66	6	the	the	DET
ijosar-396	66	7	demand	demand	NOUN
ijosar-396	66	8	for	for	ADP
ijosar-396	66	9	and	and	CCONJ
ijosar-396	66	10	supply	supply	NOUN
ijosar-396	66	11	of	of	ADP
ijosar-396	66	12	foreign	foreign	ADJ
ijosar-396	66	13	currency	currency	NOUN
ijosar-396	66	14	are	be	AUX
ijosar-396	66	15	determined	determine	VERB
ijosar-396	66	16	by	by	ADP
ijosar-396	66	17	the	the	DET
ijosar-396	66	18	position	position	NOUN
ijosar-396	66	19	of	of	ADP
ijosar-396	66	20	the	the	DET
ijosar-396	66	21	balance	balance	NOUN
ijosar-396	66	22	of	of	ADP
ijosar-396	66	23	payments	payment	NOUN
ijosar-396	66	24	,	,	PUNCT
ijosar-396	66	25	it	it	PRON
ijosar-396	66	26	implies	imply	VERB
ijosar-396	66	27	that	that	SCONJ
ijosar-396	66	28	supply	supply	NOUN
ijosar-396	66	29	and	and	CCONJ
ijosar-396	66	30	demand	demand	NOUN
ijosar-396	66	31	are	be	AUX
ijosar-396	66	32	determined	determine	VERB
ijosar-396	66	33	mainly	mainly	ADV
ijosar-396	66	34	by	by	ADP
ijosar-396	66	35	factors	factor	NOUN
ijosar-396	66	36	that	that	PRON
ijosar-396	66	37	are	be	AUX
ijosar-396	66	38	independent	independent	ADJ
ijosar-396	66	39	of	of	ADP
ijosar-396	66	40	variations	variation	NOUN
ijosar-396	66	41	in	in	ADP
ijosar-396	66	42	the	the	DET
ijosar-396	66	43	rate	rate	NOUN
ijosar-396	66	44	of	of	ADP
ijosar-396	66	45	exchange	exchange	NOUN
ijosar-396	66	46	or	or	CCONJ
ijosar-396	66	47	the	the	DET
ijosar-396	66	48	monetary	monetary	ADJ
ijosar-396	66	49	policy.demand	policy.demand	NOUN
ijosar-396	66	50	-	-	PUNCT
ijosar-396	66	51	supply	supply	NOUN
ijosar-396	66	52	theoryshould	theoryshould	AUX
ijosar-396	66	53	be	be	AUX
ijosar-396	66	54	adopted	adopt	VERB
ijosar-396	66	55	because	because	SCONJ
ijosar-396	66	56	it	it	PRON
ijosar-396	66	57	portrays	portray	VERB
ijosar-396	66	58	the	the	DET
ijosar-396	66	59	framework	framework	NOUN
ijosar-396	66	60	of	of	ADP
ijosar-396	66	61	trade	trade	NOUN
ijosar-396	66	62	openness	openness	NOUN
ijosar-396	66	63	and	and	CCONJ
ijosar-396	66	64	exchange	exchange	NOUN
ijosar-396	66	65	rate	rate	NOUN
ijosar-396	66	66	on	on	ADP
ijosar-396	66	67	stock	stock	NOUN
ijosar-396	66	68	market	market	NOUN
ijosar-396	66	69	capitalization	capitalization	NOUN
ijosar-396	66	70	growth	growth	NOUN
ijosar-396	66	71	which	which	PRON
ijosar-396	66	72	the	the	DET
ijosar-396	66	73	model	model	NOUN
ijosar-396	66	74	will	will	AUX
ijosar-396	66	75	adopt	adopt	VERB
ijosar-396	66	76	.	.	PUNCT
ijosar-396	67	1	empirical	empirical	ADJ
ijosar-396	67	2	literature	literature	PROPN
ijosar-396	67	3	review	review	VERB
ijosar-396	67	4	many	many	ADJ
ijosar-396	67	5	studies	study	NOUN
ijosar-396	67	6	have	have	AUX
ijosar-396	67	7	covered	cover	VERB
ijosar-396	67	8	globalization	globalization	NOUN
ijosar-396	67	9	and	and	CCONJ
ijosar-396	67	10	stock	stock	NOUN
ijosar-396	67	11	market	market	NOUN
ijosar-396	67	12	growth	growth	NOUN
ijosar-396	67	13	from	from	ADP
ijosar-396	67	14	different	different	ADJ
ijosar-396	67	15	perspectives	perspective	NOUN
ijosar-396	67	16	,	,	PUNCT
ijosar-396	67	17	and	and	CCONJ
ijosar-396	67	18	examined	examine	VERB
ijosar-396	67	19	focused	focused	ADJ
ijosar-396	67	20	variables	variable	NOUN
ijosar-396	67	21	and	and	CCONJ
ijosar-396	67	22	their	their	PRON
ijosar-396	67	23	relationship	relationship	NOUN
ijosar-396	67	24	differently	differently	ADV
ijosar-396	67	25	.	.	PUNCT
ijosar-396	68	1	most	most	ADV
ijosar-396	68	2	relevant	relevant	ADJ
ijosar-396	68	3	and	and	CCONJ
ijosar-396	68	4	useful	useful	ADJ
ijosar-396	68	5	studies	study	NOUN
ijosar-396	68	6	for	for	ADP
ijosar-396	68	7	this	this	DET
ijosar-396	68	8	study	study	NOUN
ijosar-396	68	9	are	be	AUX
ijosar-396	68	10	included	include	VERB
ijosar-396	68	11	.	.	PUNCT
ijosar-396	69	1	torre	torre	PROPN
ijosar-396	69	2	and	and	CCONJ
ijosar-396	69	3	schmuker	schmuker	NOUN
ijosar-396	69	4	,	,	PUNCT
ijosar-396	69	5	(	(	PUNCT
ijosar-396	69	6	2007	2007	NUM
ijosar-396	69	7	)	)	PUNCT
ijosar-396	69	8	,	,	PUNCT
ijosar-396	69	9	found	find	VERB
ijosar-396	69	10	out	out	ADP
ijosar-396	69	11	that	that	SCONJ
ijosar-396	69	12	stock	stock	NOUN
ijosar-396	69	13	market	market	NOUN
ijosar-396	69	14	development	development	NOUN
ijosar-396	69	15	is	be	AUX
ijosar-396	69	16	positively	positively	ADV
ijosar-396	69	17	related	relate	VERB
ijosar-396	69	18	to	to	ADP
ijosar-396	69	19	globalization	globalization	NOUN
ijosar-396	69	20	in	in	ADP
ijosar-396	69	21	nigeria	nigeria	PROPN
ijosar-396	69	22	through	through	ADP
ijosar-396	69	23	the	the	DET
ijosar-396	69	24	use	use	NOUN
ijosar-396	69	25	of	of	ADP
ijosar-396	69	26	single	single	ADJ
ijosar-396	69	27	regression	regression	NOUN
ijosar-396	69	28	.	.	PUNCT
ijosar-396	70	1	this	this	DET
ijosar-396	70	2	work	work	NOUN
ijosar-396	70	3	shows	show	VERB
ijosar-396	70	4	that	that	SCONJ
ijosar-396	70	5	reform	reform	NOUN
ijosar-396	70	6	and	and	CCONJ
ijosar-396	70	7	globalization	globalization	NOUN
ijosar-396	70	8	of	of	ADP
ijosar-396	70	9	capital	capital	NOUN
ijosar-396	70	10	market	market	NOUN
ijosar-396	70	11	increases	increase	VERB
ijosar-396	70	12	domestic	domestic	ADJ
ijosar-396	70	13	market	market	NOUN
ijosar-396	70	14	capitalization	capitalization	NOUN
ijosar-396	70	15	,	,	PUNCT
ijosar-396	70	16	trading	trading	NOUN
ijosar-396	70	17	and	and	CCONJ
ijosar-396	70	18	capital	capital	NOUN
ijosar-396	70	19	raising	raising	NOUN
ijosar-396	70	20	,	,	PUNCT
ijosar-396	70	21	increases	increase	NOUN
ijosar-396	70	22	in	in	ADP
ijosar-396	70	23	the	the	DET
ijosar-396	70	24	chain	chain	NOUN
ijosar-396	70	25	of	of	ADP
ijosar-396	70	26	activity	activity	NOUN
ijosar-396	70	27	in	in	ADP
ijosar-396	70	28	international	international	ADJ
ijosar-396	70	29	equity	equity	NOUN
ijosar-396	70	30	markets	market	NOUN
ijosar-396	70	31	can	can	AUX
ijosar-396	70	32	contribute	contribute	VERB
ijosar-396	70	33	to	to	ADP
ijosar-396	70	34	the	the	DET
ijosar-396	70	35	spread	spread	NOUN
ijosar-396	70	36	at	at	ADP
ijosar-396	70	37	least	least	ADJ
ijosar-396	70	38	practices	practice	NOUN
ijosar-396	70	39	in	in	ADP
ijosar-396	70	40	corporate	corporate	ADJ
ijosar-396	70	41	governance	governance	NOUN
ijosar-396	70	42	,	,	PUNCT
ijosar-396	70	43	accounting	accounting	NOUN
ijosar-396	70	44	rules	rule	NOUN
ijosar-396	70	45	and	and	CCONJ
ijosar-396	70	46	legal	legal	ADJ
ijosar-396	70	47	traditions	tradition	NOUN
ijosar-396	70	48	.	.	PUNCT
ijosar-396	71	1	internationalization	internationalization	NOUN
ijosar-396	71	2	is	be	AUX
ijosar-396	71	3	a	a	DET
ijosar-396	71	4	reality	reality	NOUN
ijosar-396	71	5	and	and	CCONJ
ijosar-396	71	6	no	no	DET
ijosar-396	71	7	country	country	NOUN
ijosar-396	71	8	of	of	ADP
ijosar-396	71	9	the	the	DET
ijosar-396	71	10	world	world	NOUN
ijosar-396	71	11	is	be	AUX
ijosar-396	71	12	immune	immune	ADJ
ijosar-396	71	13	to	to	ADP
ijosar-396	71	14	its	its	PRON
ijosar-396	71	15	impacts	impact	NOUN
ijosar-396	71	16	.	.	PUNCT
ijosar-396	72	1	maduka	maduka	ADJ
ijosar-396	72	2	,	,	PUNCT
ijosar-396	72	3	madichie	madichie	NOUN
ijosar-396	72	4	,	,	PUNCT
ijosar-396	72	5	and	and	CCONJ
ijosar-396	72	6	eze	eze	ADJ
ijosar-396	72	7	,	,	PUNCT
ijosar-396	72	8	(	(	PUNCT
ijosar-396	72	9	2017	2017	NUM
ijosar-396	72	10	)	)	PUNCT
ijosar-396	72	11	examine	examine	VERB
ijosar-396	72	12	the	the	DET
ijosar-396	72	13	impact	impact	NOUN
ijosar-396	72	14	of	of	ADP
ijosar-396	72	15	globalization	globalization	NOUN
ijosar-396	72	16	on	on	ADP
ijosar-396	72	17	economic	economic	ADJ
ijosar-396	72	18	growth	growth	NOUN
ijosar-396	72	19	ijointernational	ijointernational	ADJ
ijosar-396	72	20	journal	journal	NOUN
ijosar-396	72	21	of	of	ADP
ijosar-396	72	22	social	social	ADJ
ijosar-396	72	23	science	science	NOUN
ijosar-396	72	24	and	and	CCONJ
ijosar-396	72	25	humanities	humanity	NOUN
ijosar-396	72	26	research	research	NOUN
ijosar-396	72	27	volume	volume	NOUN
ijosar-396	72	28	3|	3|	NUM
ijosar-396	72	29	issue	issue	NOUN
ijosar-396	72	30	12|	12|	NUM
ijosar-396	72	31	december	december	PROPN
ijosar-396	72	32	|	|	NOUN
ijosar-396	72	33	2020	2020	NUM
ijosar-396	72	34	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	72	35	22	22	NUM
ijosar-396	72	36	in	in	ADP
ijosar-396	72	37	nigeria	nigeria	PROPN
ijosar-396	72	38	.	.	PUNCT
ijosar-396	73	1	the	the	DET
ijosar-396	73	2	study	study	NOUN
ijosar-396	73	3	uses	use	VERB
ijosar-396	73	4	the	the	DET
ijosar-396	73	5	contemporary	contemporary	PROPN
ijosar-396	73	6	econometric	econometric	ADJ
ijosar-396	73	7	techniques	technique	NOUN
ijosar-396	73	8	of	of	ADP
ijosar-396	73	9	co	co	NOUN
ijosar-396	73	10	-	-	NOUN
ijosar-396	73	11	integration	integration	NOUN
ijosar-396	73	12	and	and	CCONJ
ijosar-396	73	13	error	error	NOUN
ijosar-396	73	14	correction	correction	NOUN
ijosar-396	73	15	mechanism	mechanism	NOUN
ijosar-396	73	16	within	within	ADP
ijosar-396	73	17	the	the	DET
ijosar-396	73	18	framework	framework	NOUN
ijosar-396	73	19	of	of	ADP
ijosar-396	73	20	the	the	DET
ijosar-396	73	21	pesaran	pesaran	NOUN
ijosar-396	73	22	,	,	PUNCT
ijosar-396	73	23	shin	shin	NOUN
ijosar-396	73	24	and	and	CCONJ
ijosar-396	73	25	smith	smith	PROPN
ijosar-396	73	26	.	.	PUNCT
ijosar-396	74	1	(	(	PUNCT
ijosar-396	74	2	2001	2001	NUM
ijosar-396	74	3	)	)	PUNCT
ijosar-396	74	4	ardl	ardl	NOUN
ijosar-396	74	5	model	model	NOUN
ijosar-396	74	6	using	use	VERB
ijosar-396	74	7	annualized	annualize	VERB
ijosar-396	74	8	secondary	secondary	ADJ
ijosar-396	74	9	time	time	NOUN
ijosar-396	74	10	series	series	PROPN
ijosar-396	74	11	data	data	PROPN
ijosar-396	74	12	from	from	ADP
ijosar-396	74	13	1970	1970	NUM
ijosar-396	74	14	to	to	ADP
ijosar-396	74	15	2015	2015	NUM
ijosar-396	74	16	,	,	PUNCT
ijosar-396	74	17	the	the	DET
ijosar-396	74	18	study	study	NOUN
ijosar-396	74	19	reveals	reveal	VERB
ijosar-396	74	20	that	that	SCONJ
ijosar-396	74	21	trade	trade	NOUN
ijosar-396	74	22	openness	openness	NOUN
ijosar-396	74	23	;	;	PUNCT
ijosar-396	74	24	financial	financial	ADJ
ijosar-396	74	25	integration	integration	NOUN
ijosar-396	74	26	and	and	CCONJ
ijosar-396	74	27	foreign	foreign	ADJ
ijosar-396	74	28	direct	direct	ADJ
ijosar-396	74	29	investment	investment	NOUN
ijosar-396	74	30	have	have	VERB
ijosar-396	74	31	significant	significant	ADJ
ijosar-396	74	32	positive	positive	ADJ
ijosar-396	74	33	impact	impact	NOUN
ijosar-396	74	34	on	on	ADP
ijosar-396	74	35	economic	economic	ADJ
ijosar-396	74	36	growth	growth	NOUN
ijosar-396	74	37	in	in	ADP
ijosar-396	74	38	nigeria	nigeria	PROPN
ijosar-396	74	39	.	.	PUNCT
ijosar-396	75	1	thus	thus	ADV
ijosar-396	75	2	,	,	PUNCT
ijosar-396	75	3	adequate	adequate	ADJ
ijosar-396	75	4	mechanism	mechanism	NOUN
ijosar-396	75	5	should	should	AUX
ijosar-396	75	6	be	be	AUX
ijosar-396	75	7	put	put	VERB
ijosar-396	75	8	in	in	ADP
ijosar-396	75	9	place	place	NOUN
ijosar-396	75	10	to	to	PART
ijosar-396	75	11	ensure	ensure	VERB
ijosar-396	75	12	that	that	SCONJ
ijosar-396	75	13	globalization	globalization	NOUN
ijosar-396	75	14	brings	bring	VERB
ijosar-396	75	15	about	about	ADP
ijosar-396	75	16	the	the	DET
ijosar-396	75	17	desired	desire	VERB
ijosar-396	75	18	pace	pace	NOUN
ijosar-396	75	19	of	of	ADP
ijosar-396	75	20	economic	economic	ADJ
ijosar-396	75	21	growth	growth	NOUN
ijosar-396	75	22	.	.	PUNCT
ijosar-396	76	1	araoye	araoye	NOUN
ijosar-396	76	2	,	,	PUNCT
ijosar-396	76	3	ajayi	ajayi	NOUN
ijosar-396	76	4	,	,	PUNCT
ijosar-396	76	5	and	and	CCONJ
ijosar-396	76	6	aruwaji	aruwaji	PROPN
ijosar-396	76	7	,	,	PUNCT
ijosar-396	76	8	(	(	PUNCT
ijosar-396	76	9	2018	2018	NUM
ijosar-396	76	10	)	)	PUNCT
ijosar-396	76	11	study	study	NOUN
ijosar-396	76	12	examined	examine	VERB
ijosar-396	76	13	the	the	DET
ijosar-396	76	14	impact	impact	NOUN
ijosar-396	76	15	of	of	ADP
ijosar-396	76	16	the	the	DET
ijosar-396	76	17	nigerian	nigerian	ADJ
ijosar-396	76	18	stock	stock	NOUN
ijosar-396	76	19	market	market	NOUN
ijosar-396	76	20	development	development	NOUN
ijosar-396	76	21	on	on	ADP
ijosar-396	76	22	the	the	DET
ijosar-396	76	23	nation	nation	NOUN
ijosar-396	76	24	’s	’s	PART
ijosar-396	76	25	economic	economic	ADJ
ijosar-396	76	26	growth	growth	NOUN
ijosar-396	76	27	from	from	ADP
ijosar-396	76	28	1985	1985	NUM
ijosar-396	76	29	to	to	ADP
ijosar-396	76	30	2014	2014	NUM
ijosar-396	76	31	.	.	PUNCT
ijosar-396	77	1	the	the	DET
ijosar-396	77	2	economic	economic	ADJ
ijosar-396	77	3	growth	growth	NOUN
ijosar-396	77	4	was	be	AUX
ijosar-396	77	5	proxy	proxy	VERB
ijosar-396	77	6	by	by	ADP
ijosar-396	77	7	the	the	DET
ijosar-396	77	8	gdp	gdp	NOUN
ijosar-396	77	9	while	while	SCONJ
ijosar-396	77	10	the	the	DET
ijosar-396	77	11	stock	stock	NOUN
ijosar-396	77	12	market	market	NOUN
ijosar-396	77	13	variables	variable	NOUN
ijosar-396	77	14	considered	consider	VERB
ijosar-396	77	15	included	include	VERB
ijosar-396	77	16	;	;	PUNCT
ijosar-396	77	17	market	market	NOUN
ijosar-396	77	18	capitalization	capitalization	NOUN
ijosar-396	77	19	and	and	CCONJ
ijosar-396	77	20	market	market	NOUN
ijosar-396	77	21	turnover	turnover	NOUN
ijosar-396	77	22	ratio	ratio	NOUN
ijosar-396	77	23	as	as	ADP
ijosar-396	77	24	proxy	proxy	NOUN
ijosar-396	77	25	for	for	ADP
ijosar-396	77	26	stock	stock	NOUN
ijosar-396	77	27	market	market	NOUN
ijosar-396	77	28	development	development	NOUN
ijosar-396	77	29	in	in	ADP
ijosar-396	77	30	terms	term	NOUN
ijosar-396	77	31	of	of	ADP
ijosar-396	77	32	size	size	NOUN
ijosar-396	77	33	and	and	CCONJ
ijosar-396	77	34	liquidity	liquidity	NOUN
ijosar-396	77	35	.	.	PUNCT
ijosar-396	78	1	the	the	DET
ijosar-396	78	2	study	study	NOUN
ijosar-396	78	3	utilizes	utilize	VERB
ijosar-396	78	4	the	the	DET
ijosar-396	78	5	johansson	johansson	PROPN
ijosar-396	78	6	’s	’s	PART
ijosar-396	78	7	co	co	NOUN
ijosar-396	78	8	integration	integration	NOUN
ijosar-396	78	9	long	long	ADJ
ijosar-396	78	10	run	run	NOUN
ijosar-396	78	11	relationship	relationship	NOUN
ijosar-396	78	12	test	test	NOUN
ijosar-396	78	13	does	do	AUX
ijosar-396	78	14	existing	exist	VERB
ijosar-396	78	15	between	between	ADP
ijosar-396	78	16	establish	establish	VERB
ijosar-396	78	17	stock	stock	NOUN
ijosar-396	78	18	market	market	NOUN
ijosar-396	78	19	development	development	NOUN
ijosar-396	78	20	and	and	CCONJ
ijosar-396	78	21	economic	economic	ADJ
ijosar-396	78	22	growth	growth	NOUN
ijosar-396	78	23	in	in	ADP
ijosar-396	78	24	nigeria	nigeria	PROPN
ijosar-396	78	25	.	.	PUNCT
ijosar-396	79	1	the	the	DET
ijosar-396	79	2	empirical	empirical	ADJ
ijosar-396	79	3	results	result	NOUN
ijosar-396	79	4	suggest	suggest	VERB
ijosar-396	79	5	that	that	SCONJ
ijosar-396	79	6	the	the	DET
ijosar-396	79	7	stock	stock	NOUN
ijosar-396	79	8	market	market	NOUN
ijosar-396	79	9	is	be	AUX
ijosar-396	79	10	significant	significant	ADJ
ijosar-396	79	11	in	in	ADP
ijosar-396	79	12	determining	determine	VERB
ijosar-396	79	13	economic	economic	ADJ
ijosar-396	79	14	growth	growth	NOUN
ijosar-396	79	15	in	in	ADP
ijosar-396	79	16	nigeria	nigeria	PROPN
ijosar-396	79	17	using	use	VERB
ijosar-396	79	18	the	the	DET
ijosar-396	79	19	error	error	NOUN
ijosar-396	79	20	correlation	correlation	NOUN
ijosar-396	79	21	model	model	NOUN
ijosar-396	79	22	and	and	CCONJ
ijosar-396	79	23	it	it	PRON
ijosar-396	79	24	was	be	AUX
ijosar-396	79	25	found	find	VERB
ijosar-396	79	26	that	that	SCONJ
ijosar-396	79	27	the	the	DET
ijosar-396	79	28	stock	stock	NOUN
ijosar-396	79	29	market	market	NOUN
ijosar-396	79	30	has	have	AUX
ijosar-396	79	31	impacted	impact	VERB
ijosar-396	79	32	insignificantly	insignificantly	ADV
ijosar-396	79	33	on	on	ADP
ijosar-396	79	34	the	the	DET
ijosar-396	79	35	economic	economic	ADJ
ijosar-396	79	36	growth	growth	NOUN
ijosar-396	79	37	.	.	PUNCT
ijosar-396	80	1	bala	bala	PROPN
ijosar-396	80	2	and	and	CCONJ
ijosar-396	80	3	hassan	hassan	PROPN
ijosar-396	80	4	,	,	PUNCT
ijosar-396	80	5	(	(	PUNCT
ijosar-396	80	6	2018	2018	NUM
ijosar-396	80	7	)	)	PUNCT
ijosar-396	80	8	study	study	NOUN
ijosar-396	80	9	examines	examine	VERB
ijosar-396	80	10	the	the	DET
ijosar-396	80	11	linkage	linkage	NOUN
ijosar-396	80	12	between	between	ADP
ijosar-396	80	13	exchange	exchange	NOUN
ijosar-396	80	14	rates	rate	NOUN
ijosar-396	80	15	and	and	CCONJ
ijosar-396	80	16	stock	stock	NOUN
ijosar-396	80	17	market	market	NOUN
ijosar-396	80	18	in	in	ADP
ijosar-396	80	19	nigeria	nigeria	PROPN
ijosar-396	80	20	using	use	VERB
ijosar-396	80	21	annual	annual	ADJ
ijosar-396	80	22	data	datum	NOUN
ijosar-396	80	23	from	from	ADP
ijosar-396	80	24	1985	1985	NUM
ijosar-396	80	25	to	to	ADP
ijosar-396	80	26	2015	2015	NUM
ijosar-396	80	27	.	.	PUNCT
ijosar-396	81	1	in	in	ADP
ijosar-396	81	2	conducting	conduct	VERB
ijosar-396	81	3	the	the	DET
ijosar-396	81	4	analysis	analysis	NOUN
ijosar-396	81	5	,	,	PUNCT
ijosar-396	81	6	this	this	DET
ijosar-396	81	7	study	study	NOUN
ijosar-396	81	8	utilized	utilize	VERB
ijosar-396	81	9	autoregressive	autoregressive	ADJ
ijosar-396	81	10	distributed	distribute	VERB
ijosar-396	81	11	lag	lag	NOUN
ijosar-396	81	12	(	(	PUNCT
ijosar-396	81	13	ardl	ardl	NOUN
ijosar-396	81	14	)	)	PUNCT
ijosar-396	81	15	model	model	NOUN
ijosar-396	81	16	and	and	CCONJ
ijosar-396	81	17	granger	granger	PROPN
ijosar-396	81	18	causality	causality	NOUN
ijosar-396	81	19	tests	test	NOUN
ijosar-396	81	20	.	.	PUNCT
ijosar-396	82	1	exchange	exchange	NOUN
ijosar-396	82	2	rate	rate	NOUN
ijosar-396	82	3	,	,	PUNCT
ijosar-396	82	4	economic	economic	ADJ
ijosar-396	82	5	growth	growth	NOUN
ijosar-396	82	6	,	,	PUNCT
ijosar-396	82	7	money	money	NOUN
ijosar-396	82	8	supply	supply	NOUN
ijosar-396	82	9	and	and	CCONJ
ijosar-396	82	10	stock	stock	NOUN
ijosar-396	82	11	market	market	NOUN
ijosar-396	82	12	(	(	PUNCT
ijosar-396	82	13	i.e.	i.e.	X
ijosar-396	82	14	,	,	PUNCT
ijosar-396	82	15	all	all	DET
ijosar-396	82	16	share	share	NOUN
ijosar-396	82	17	indexes	index	NOUN
ijosar-396	82	18	)	)	PUNCT
ijosar-396	82	19	were	be	AUX
ijosar-396	82	20	captured	capture	VERB
ijosar-396	82	21	in	in	ADP
ijosar-396	82	22	the	the	DET
ijosar-396	82	23	model	model	NOUN
ijosar-396	82	24	.	.	PUNCT
ijosar-396	83	1	the	the	DET
ijosar-396	83	2	results	result	NOUN
ijosar-396	83	3	show	show	VERB
ijosar-396	83	4	that	that	SCONJ
ijosar-396	83	5	exchange	exchange	NOUN
ijosar-396	83	6	rate	rate	NOUN
ijosar-396	83	7	and	and	CCONJ
ijosar-396	83	8	economic	economic	ADJ
ijosar-396	83	9	growth	growth	NOUN
ijosar-396	83	10	have	have	VERB
ijosar-396	83	11	positive	positive	ADJ
ijosar-396	83	12	and	and	CCONJ
ijosar-396	83	13	statistically	statistically	ADV
ijosar-396	83	14	significant	significant	ADJ
ijosar-396	83	15	impact	impact	NOUN
ijosar-396	83	16	on	on	ADP
ijosar-396	83	17	stock	stock	NOUN
ijosar-396	83	18	market	market	NOUN
ijosar-396	83	19	in	in	ADP
ijosar-396	83	20	nigeria	nigeria	PROPN
ijosar-396	83	21	,	,	PUNCT
ijosar-396	83	22	while	while	SCONJ
ijosar-396	83	23	money	money	NOUN
ijosar-396	83	24	supply	supply	NOUN
ijosar-396	83	25	has	have	VERB
ijosar-396	83	26	negative	negative	ADJ
ijosar-396	83	27	and	and	CCONJ
ijosar-396	83	28	statistically	statistically	ADV
ijosar-396	83	29	significant	significant	ADJ
ijosar-396	83	30	influence	influence	NOUN
ijosar-396	83	31	on	on	ADP
ijosar-396	83	32	stock	stock	NOUN
ijosar-396	83	33	market	market	NOUN
ijosar-396	83	34	over	over	ADP
ijosar-396	83	35	the	the	DET
ijosar-396	83	36	study	study	NOUN
ijosar-396	83	37	period	period	NOUN
ijosar-396	83	38	.	.	PUNCT
ijosar-396	84	1	onwuka	onwuka	NOUN
ijosar-396	84	2	and	and	CCONJ
ijosar-396	84	3	eguavoen	eguavoen	PROPN
ijosar-396	84	4	(	(	PUNCT
ijosar-396	84	5	2007	2007	NUM
ijosar-396	84	6	)	)	PUNCT
ijosar-396	84	7	,	,	PUNCT
ijosar-396	84	8	studied	study	VERB
ijosar-396	84	9	globalization	globalization	NOUN
ijosar-396	84	10	and	and	CCONJ
ijosar-396	84	11	its	its	PRON
ijosar-396	84	12	implications	implication	NOUN
ijosar-396	84	13	for	for	ADP
ijosar-396	84	14	the	the	DET
ijosar-396	84	15	growth	growth	NOUN
ijosar-396	84	16	process	process	NOUN
ijosar-396	84	17	of	of	ADP
ijosar-396	84	18	the	the	DET
ijosar-396	84	19	nigeria	nigeria	PROPN
ijosar-396	84	20	economy	economy	NOUN
ijosar-396	84	21	for	for	ADP
ijosar-396	84	22	the	the	DET
ijosar-396	84	23	period	period	NOUN
ijosar-396	84	24	1985–2001	1985–2001	NUM
ijosar-396	84	25	.	.	PUNCT
ijosar-396	85	1	using	use	VERB
ijosar-396	85	2	descriptive	descriptive	ADJ
ijosar-396	85	3	method	method	NOUN
ijosar-396	85	4	of	of	ADP
ijosar-396	85	5	analysis	analysis	NOUN
ijosar-396	85	6	,	,	PUNCT
ijosar-396	85	7	the	the	DET
ijosar-396	85	8	study	study	NOUN
ijosar-396	85	9	revealed	reveal	VERB
ijosar-396	85	10	that	that	SCONJ
ijosar-396	85	11	nigeria	nigeria	PROPN
ijosar-396	85	12	has	have	AUX
ijosar-396	85	13	not	not	PART
ijosar-396	85	14	benefited	benefit	VERB
ijosar-396	85	15	from	from	ADP
ijosar-396	85	16	globalization	globalization	NOUN
ijosar-396	85	17	due	due	ADP
ijosar-396	85	18	to	to	ADP
ijosar-396	85	19	monocultural	monocultural	ADJ
ijosar-396	85	20	export	export	NOUN
ijosar-396	85	21	,	,	PUNCT
ijosar-396	85	22	inability	inability	NOUN
ijosar-396	85	23	to	to	PART
ijosar-396	85	24	attract	attract	VERB
ijosar-396	85	25	increased	increase	VERB
ijosar-396	85	26	foreign	foreign	ADJ
ijosar-396	85	27	investment	investment	NOUN
ijosar-396	85	28	and	and	CCONJ
ijosar-396	85	29	huge	huge	ADJ
ijosar-396	85	30	indebtedness	indebtedness	NOUN
ijosar-396	85	31	.	.	PUNCT
ijosar-396	86	1	omolade	omolade	PROPN
ijosar-396	86	2	,	,	PUNCT
ijosar-396	86	3	morakinyo	morakinyo	NOUN
ijosar-396	86	4	and	and	CCONJ
ijosar-396	86	5	ifeacho	ifeacho	PROPN
ijosar-396	86	6	(	(	PUNCT
ijosar-396	86	7	2013	2013	NUM
ijosar-396	86	8	)	)	PUNCT
ijosar-396	86	9	,	,	PUNCT
ijosar-396	86	10	investigated	investigate	VERB
ijosar-396	86	11	the	the	DET
ijosar-396	86	12	nexus	nexus	NOUN
ijosar-396	86	13	between	between	ADP
ijosar-396	86	14	globalization	globalization	NOUN
ijosar-396	86	15	and	and	CCONJ
ijosar-396	86	16	economic	economic	ADJ
ijosar-396	86	17	development	development	NOUN
ijosar-396	86	18	of	of	ADP
ijosar-396	86	19	nigeria	nigeria	PROPN
ijosar-396	86	20	over	over	ADP
ijosar-396	86	21	the	the	DET
ijosar-396	86	22	period	period	NOUN
ijosar-396	86	23	1980–2011	1980–2011	NUM
ijosar-396	86	24	.	.	PUNCT
ijosar-396	87	1	the	the	DET
ijosar-396	87	2	study	study	NOUN
ijosar-396	87	3	employed	employ	VERB
ijosar-396	87	4	johansen	johansen	PROPN
ijosar-396	87	5	co	co	NOUN
ijosar-396	87	6	-	-	NOUN
ijosar-396	87	7	integration	integration	NOUN
ijosar-396	87	8	and	and	CCONJ
ijosar-396	87	9	granger	granger	NOUN
ijosar-396	87	10	causality	causality	NOUN
ijosar-396	87	11	tests	test	NOUN
ijosar-396	87	12	and	and	CCONJ
ijosar-396	87	13	revealed	reveal	VERB
ijosar-396	87	14	that	that	SCONJ
ijosar-396	87	15	trade	trade	NOUN
ijosar-396	87	16	openness	openness	NOUN
ijosar-396	87	17	relates	relate	VERB
ijosar-396	87	18	negatively	negatively	ADV
ijosar-396	87	19	with	with	ADP
ijosar-396	87	20	economic	economic	ADJ
ijosar-396	87	21	development	development	NOUN
ijosar-396	87	22	in	in	ADP
ijosar-396	87	23	nigeria	nigeria	PROPN
ijosar-396	87	24	.	.	PUNCT
ijosar-396	88	1	the	the	DET
ijosar-396	88	2	study	study	NOUN
ijosar-396	88	3	further	far	ADV
ijosar-396	88	4	revealed	reveal	VERB
ijosar-396	88	5	that	that	SCONJ
ijosar-396	88	6	a	a	DET
ijosar-396	88	7	unidirectional	unidirectional	ADJ
ijosar-396	88	8	causality	causality	NOUN
ijosar-396	88	9	flows	flow	VERB
ijosar-396	88	10	from	from	ADP
ijosar-396	88	11	economic	economic	ADJ
ijosar-396	88	12	development	development	NOUN
ijosar-396	88	13	to	to	ADP
ijosar-396	88	14	globalization	globalization	NOUN
ijosar-396	88	15	without	without	ADP
ijosar-396	88	16	such	such	ADJ
ijosar-396	88	17	in	in	ADP
ijosar-396	88	18	ijointernational	ijointernational	ADJ
ijosar-396	88	19	journal	journal	NOUN
ijosar-396	88	20	of	of	ADP
ijosar-396	88	21	social	social	ADJ
ijosar-396	88	22	science	science	NOUN
ijosar-396	88	23	and	and	CCONJ
ijosar-396	88	24	humanities	humanity	NOUN
ijosar-396	88	25	research	research	NOUN
ijosar-396	88	26	volume	volume	NOUN
ijosar-396	88	27	3|	3|	NUM
ijosar-396	88	28	issue	issue	NOUN
ijosar-396	89	1	12|	12|	NUM
ijosar-396	89	2	december	december	PROPN
ijosar-396	89	3	|	|	NOUN
ijosar-396	89	4	2020	2020	NUM
ijosar-396	89	5	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	89	6	23	23	NUM
ijosar-396	89	7	reversed	reverse	VERB
ijosar-396	89	8	order	order	NOUN
ijosar-396	89	9	and	and	CCONJ
ijosar-396	89	10	that	that	SCONJ
ijosar-396	89	11	trade	trade	NOUN
ijosar-396	89	12	partners	partner	NOUN
ijosar-396	89	13	appear	appear	VERB
ijosar-396	89	14	to	to	PART
ijosar-396	89	15	be	be	AUX
ijosar-396	89	16	gaining	gain	VERB
ijosar-396	89	17	more	more	ADJ
ijosar-396	89	18	than	than	ADP
ijosar-396	89	19	the	the	DET
ijosar-396	89	20	country	country	NOUN
ijosar-396	89	21	especially	especially	ADV
ijosar-396	89	22	the	the	DET
ijosar-396	89	23	developed	develop	VERB
ijosar-396	89	24	trade	trade	NOUN
ijosar-396	89	25	partners	partner	NOUN
ijosar-396	89	26	.	.	PUNCT
ijosar-396	90	1	sede	sede	NOUN
ijosar-396	90	2	and	and	CCONJ
ijosar-396	90	3	izilein	izilein	ADJ
ijosar-396	90	4	(	(	PUNCT
ijosar-396	90	5	2013	2013	NUM
ijosar-396	90	6	)	)	PUNCT
ijosar-396	90	7	examined	examine	VERB
ijosar-396	90	8	the	the	DET
ijosar-396	90	9	causal	causal	ADJ
ijosar-396	90	10	relationship	relationship	NOUN
ijosar-396	90	11	between	between	ADP
ijosar-396	90	12	economic	economic	ADJ
ijosar-396	90	13	growth	growth	NOUN
ijosar-396	90	14	and	and	CCONJ
ijosar-396	90	15	globalization	globalization	NOUN
ijosar-396	90	16	in	in	ADP
ijosar-396	90	17	nigeria	nigeria	PROPN
ijosar-396	90	18	.	.	PUNCT
ijosar-396	91	1	in	in	ADP
ijosar-396	91	2	carrying	carry	VERB
ijosar-396	91	3	out	out	ADP
ijosar-396	91	4	the	the	DET
ijosar-396	91	5	study	study	NOUN
ijosar-396	91	6	,	,	PUNCT
ijosar-396	91	7	johansen	johansen	PROPN
ijosar-396	91	8	co	co	PROPN
ijosar-396	91	9	-	-	NOUN
ijosar-396	91	10	integration	integration	NOUN
ijosar-396	91	11	,	,	PUNCT
ijosar-396	91	12	granger	granger	PROPN
ijosar-396	91	13	causality	causality	PROPN
ijosar-396	91	14	and	and	CCONJ
ijosar-396	91	15	variance	variance	NOUN
ijosar-396	91	16	decomposition	decomposition	NOUN
ijosar-396	91	17	tests	test	NOUN
ijosar-396	91	18	were	be	AUX
ijosar-396	91	19	employed	employ	VERB
ijosar-396	91	20	.	.	PUNCT
ijosar-396	92	1	the	the	DET
ijosar-396	92	2	study	study	NOUN
ijosar-396	92	3	found	find	VERB
ijosar-396	92	4	that	that	SCONJ
ijosar-396	92	5	globalization	globalization	NOUN
ijosar-396	92	6	does	do	AUX
ijosar-396	92	7	not	not	PART
ijosar-396	92	8	granger	granger	NOUN
ijosar-396	92	9	-	-	PUNCT
ijosar-396	92	10	cause	cause	VERB
ijosar-396	92	11	economic	economic	ADJ
ijosar-396	92	12	growth	growth	NOUN
ijosar-396	92	13	in	in	ADP
ijosar-396	92	14	nigeria	nigeria	PROPN
ijosar-396	92	15	.	.	PUNCT
ijosar-396	93	1	nwakanma	nwakanma	PROPN
ijosar-396	93	2	and	and	CCONJ
ijosar-396	93	3	ibe	ibe	PROPN
ijosar-396	93	4	(	(	PUNCT
ijosar-396	93	5	2014	2014	NUM
ijosar-396	93	6	)	)	PUNCT
ijosar-396	93	7	examined	examine	VERB
ijosar-396	93	8	the	the	DET
ijosar-396	93	9	causal	causal	ADJ
ijosar-396	93	10	relationship	relationship	NOUN
ijosar-396	93	11	between	between	ADP
ijosar-396	93	12	globalization	globalization	NOUN
ijosar-396	93	13	and	and	CCONJ
ijosar-396	93	14	economic	economic	ADJ
ijosar-396	93	15	growth	growth	NOUN
ijosar-396	93	16	in	in	ADP
ijosar-396	93	17	nigeria	nigeria	PROPN
ijosar-396	93	18	from	from	ADP
ijosar-396	93	19	1981	1981	NUM
ijosar-396	93	20	to	to	ADP
ijosar-396	93	21	2012	2012	NUM
ijosar-396	93	22	.	.	PUNCT
ijosar-396	94	1	in	in	ADP
ijosar-396	94	2	carrying	carry	VERB
ijosar-396	94	3	out	out	ADP
ijosar-396	94	4	the	the	DET
ijosar-396	94	5	study	study	NOUN
ijosar-396	94	6	,	,	PUNCT
ijosar-396	94	7	johansen	johansen	PROPN
ijosar-396	94	8	cointegration	cointegration	PROPN
ijosar-396	94	9	and	and	CCONJ
ijosar-396	94	10	granger	granger	PROPN
ijosar-396	94	11	causality	causality	NOUN
ijosar-396	94	12	tests	test	NOUN
ijosar-396	94	13	were	be	AUX
ijosar-396	94	14	employed	employ	VERB
ijosar-396	94	15	.	.	PUNCT
ijosar-396	95	1	the	the	DET
ijosar-396	95	2	results	result	NOUN
ijosar-396	95	3	show	show	VERB
ijosar-396	95	4	that	that	SCONJ
ijosar-396	95	5	there	there	PRON
ijosar-396	95	6	is	be	VERB
ijosar-396	95	7	a	a	DET
ijosar-396	95	8	positive	positive	ADJ
ijosar-396	95	9	and	and	CCONJ
ijosar-396	95	10	insignificant	insignificant	ADJ
ijosar-396	95	11	relationship	relationship	NOUN
ijosar-396	95	12	between	between	ADP
ijosar-396	95	13	financial	financial	ADJ
ijosar-396	95	14	integration	integration	NOUN
ijosar-396	95	15	,	,	PUNCT
ijosar-396	95	16	human	human	ADJ
ijosar-396	95	17	resource	resource	NOUN
ijosar-396	95	18	development	development	NOUN
ijosar-396	95	19	and	and	CCONJ
ijosar-396	95	20	trade	trade	NOUN
ijosar-396	95	21	openness	openness	NOUN
ijosar-396	95	22	,	,	PUNCT
ijosar-396	95	23	while	while	SCONJ
ijosar-396	95	24	gross	gross	ADJ
ijosar-396	95	25	fixed	fix	VERB
ijosar-396	95	26	capital	capital	NOUN
ijosar-396	95	27	formation	formation	NOUN
ijosar-396	95	28	was	be	AUX
ijosar-396	95	29	negative	negative	ADJ
ijosar-396	95	30	and	and	CCONJ
ijosar-396	95	31	insignificant	insignificant	ADJ
ijosar-396	95	32	.	.	PUNCT
ijosar-396	96	1	the	the	DET
ijosar-396	96	2	results	result	NOUN
ijosar-396	96	3	further	far	ADV
ijosar-396	96	4	revealed	reveal	VERB
ijosar-396	96	5	that	that	SCONJ
ijosar-396	96	6	a	a	DET
ijosar-396	96	7	unidirectional	unidirectional	ADJ
ijosar-396	96	8	causality	causality	NOUN
ijosar-396	96	9	runs	run	VERB
ijosar-396	96	10	from	from	ADP
ijosar-396	96	11	financial	financial	ADJ
ijosar-396	96	12	integration	integration	NOUN
ijosar-396	96	13	to	to	ADP
ijosar-396	96	14	gross	gross	ADJ
ijosar-396	96	15	fixed	fix	VERB
ijosar-396	96	16	capital	capital	NOUN
ijosar-396	96	17	formation	formation	NOUN
ijosar-396	96	18	.	.	PUNCT
ijosar-396	97	1	okpokpo	okpokpo	PROPN
ijosar-396	97	2	,	,	PUNCT
ijosar-396	97	3	ifelunini	ifelunini	PROPN
ijosar-396	97	4	and	and	CCONJ
ijosar-396	97	5	osuyali	osuyali	VERB
ijosar-396	97	6	(	(	PUNCT
ijosar-396	97	7	2014	2014	NUM
ijosar-396	97	8	)	)	PUNCT
ijosar-396	97	9	,	,	PUNCT
ijosar-396	97	10	through	through	ADP
ijosar-396	97	11	their	their	PRON
ijosar-396	97	12	study	study	NOUN
ijosar-396	97	13	interrogated	interrogate	VERB
ijosar-396	97	14	globalization	globalization	NOUN
ijosar-396	97	15	as	as	ADP
ijosar-396	97	16	a	a	DET
ijosar-396	97	17	potent	potent	ADJ
ijosar-396	97	18	driver	driver	NOUN
ijosar-396	97	19	of	of	ADP
ijosar-396	97	20	economic	economic	ADJ
ijosar-396	97	21	growth	growth	NOUN
ijosar-396	97	22	in	in	ADP
ijosar-396	97	23	nigeria	nigeria	PROPN
ijosar-396	97	24	using	use	VERB
ijosar-396	97	25	the	the	DET
ijosar-396	97	26	non	non	ADJ
ijosar-396	97	27	-	-	NOUN
ijosar-396	97	28	oil	oil	ADJ
ijosar-396	97	29	(	(	PUNCT
ijosar-396	97	30	agricultural	agricultural	ADJ
ijosar-396	97	31	and	and	CCONJ
ijosar-396	97	32	manufacturing	manufacturing	NOUN
ijosar-396	97	33	)	)	PUNCT
ijosar-396	97	34	export	export	NOUN
ijosar-396	97	35	as	as	ADP
ijosar-396	97	36	reference	reference	NOUN
ijosar-396	97	37	point	point	NOUN
ijosar-396	97	38	from	from	ADP
ijosar-396	97	39	1970–2011	1970–2011	NUM
ijosar-396	97	40	.	.	PUNCT
ijosar-396	98	1	the	the	DET
ijosar-396	98	2	study	study	NOUN
ijosar-396	98	3	employed	employ	VERB
ijosar-396	98	4	the	the	DET
ijosar-396	98	5	adf	adf	PROPN
ijosar-396	98	6	unit	unit	NOUN
ijosar-396	98	7	root	root	PROPN
ijosar-396	98	8	test	test	PROPN
ijosar-396	98	9	and	and	CCONJ
ijosar-396	98	10	ols	ol	NOUN
ijosar-396	98	11	technique	technique	NOUN
ijosar-396	98	12	and	and	CCONJ
ijosar-396	98	13	found	find	VERB
ijosar-396	98	14	that	that	SCONJ
ijosar-396	98	15	globalization	globalization	NOUN
ijosar-396	98	16	has	have	VERB
ijosar-396	98	17	no	no	DET
ijosar-396	98	18	significant	significant	ADJ
ijosar-396	98	19	impact	impact	NOUN
ijosar-396	98	20	on	on	ADP
ijosar-396	98	21	non	non	ADJ
ijosar-396	98	22	-	-	ADJ
ijosar-396	98	23	oil	oil	ADJ
ijosar-396	98	24	export	export	NOUN
ijosar-396	98	25	and	and	CCONJ
ijosar-396	98	26	that	that	SCONJ
ijosar-396	98	27	globalization	globalization	NOUN
ijosar-396	98	28	has	have	AUX
ijosar-396	98	29	not	not	PART
ijosar-396	98	30	been	be	AUX
ijosar-396	98	31	a	a	DET
ijosar-396	98	32	potent	potent	ADJ
ijosar-396	98	33	driver	driver	NOUN
ijosar-396	98	34	of	of	ADP
ijosar-396	98	35	growth	growth	NOUN
ijosar-396	98	36	of	of	ADP
ijosar-396	98	37	the	the	DET
ijosar-396	98	38	non	non	ADJ
ijosar-396	98	39	-	-	ADJ
ijosar-396	98	40	oil	oil	ADJ
ijosar-396	98	41	export	export	NOUN
ijosar-396	98	42	in	in	ADP
ijosar-396	98	43	nigeria	nigeria	PROPN
ijosar-396	98	44	.	.	PUNCT
ijosar-396	99	1	shuaib	shuaib	PROPN
ijosar-396	99	2	,	,	PUNCT
ijosar-396	99	3	ekeria	ekeria	NOUN
ijosar-396	99	4	and	and	CCONJ
ijosar-396	99	5	ogedengbe	ogedengbe	NOUN
ijosar-396	99	6	(	(	PUNCT
ijosar-396	99	7	2015	2015	NUM
ijosar-396	99	8	)	)	PUNCT
ijosar-396	99	9	,	,	PUNCT
ijosar-396	99	10	examined	examine	VERB
ijosar-396	99	11	the	the	DET
ijosar-396	99	12	impact	impact	NOUN
ijosar-396	99	13	of	of	ADP
ijosar-396	99	14	globalization	globalization	NOUN
ijosar-396	99	15	on	on	ADP
ijosar-396	99	16	the	the	DET
ijosar-396	99	17	growth	growth	NOUN
ijosar-396	99	18	of	of	ADP
ijosar-396	99	19	the	the	DET
ijosar-396	99	20	nigerian	nigerian	ADJ
ijosar-396	99	21	economy	economy	NOUN
ijosar-396	99	22	over	over	ADP
ijosar-396	99	23	the	the	DET
ijosar-396	99	24	period	period	NOUN
ijosar-396	99	25	1960	1960	NUM
ijosar-396	99	26	–	–	PUNCT
ijosar-396	99	27	2010	2010	NUM
ijosar-396	99	28	.	.	PUNCT
ijosar-396	100	1	the	the	DET
ijosar-396	100	2	study	study	NOUN
ijosar-396	100	3	employed	employ	VERB
ijosar-396	100	4	the	the	DET
ijosar-396	100	5	johansen	johansen	PROPN
ijosar-396	100	6	cointegration	cointegration	NOUN
ijosar-396	100	7	and	and	CCONJ
ijosar-396	100	8	error	error	NOUN
ijosar-396	100	9	correction	correction	NOUN
ijosar-396	100	10	model	model	NOUN
ijosar-396	100	11	and	and	CCONJ
ijosar-396	100	12	found	find	VERB
ijosar-396	100	13	that	that	SCONJ
ijosar-396	100	14	growth	growth	NOUN
ijosar-396	100	15	of	of	ADP
ijosar-396	100	16	external	external	ADJ
ijosar-396	100	17	debt	debt	NOUN
ijosar-396	100	18	ratio	ratio	NOUN
ijosar-396	100	19	was	be	AUX
ijosar-396	100	20	inversely	inversely	ADV
ijosar-396	100	21	related	relate	VERB
ijosar-396	100	22	to	to	ADP
ijosar-396	100	23	economic	economic	ADJ
ijosar-396	100	24	growth	growth	NOUN
ijosar-396	100	25	in	in	ADP
ijosar-396	100	26	nigeria	nigeria	PROPN
ijosar-396	100	27	.	.	PUNCT
ijosar-396	101	1	adesoye	adesoye	PROPN
ijosar-396	101	2	,	,	PUNCT
ijosar-396	101	3	ajike	ajike	NOUN
ijosar-396	101	4	and	and	CCONJ
ijosar-396	101	5	maku	maku	PROPN
ijosar-396	101	6	(	(	PUNCT
ijosar-396	101	7	2015	2015	NUM
ijosar-396	101	8	)	)	PUNCT
ijosar-396	101	9	,	,	PUNCT
ijosar-396	101	10	examined	examine	VERB
ijosar-396	101	11	the	the	DET
ijosar-396	101	12	impact	impact	NOUN
ijosar-396	101	13	of	of	ADP
ijosar-396	101	14	economic	economic	ADJ
ijosar-396	101	15	globalization	globalization	NOUN
ijosar-396	101	16	on	on	ADP
ijosar-396	101	17	output	output	NOUN
ijosar-396	101	18	growth	growth	NOUN
ijosar-396	101	19	of	of	ADP
ijosar-396	101	20	the	the	DET
ijosar-396	101	21	nigerian	nigerian	ADJ
ijosar-396	101	22	economy	economy	NOUN
ijosar-396	101	23	over	over	ADP
ijosar-396	101	24	the	the	DET
ijosar-396	101	25	period	period	NOUN
ijosar-396	101	26	1970	1970	NUM
ijosar-396	101	27	–	–	PUNCT
ijosar-396	101	28	2013	2013	NUM
ijosar-396	101	29	.	.	PUNCT
ijosar-396	102	1	the	the	DET
ijosar-396	102	2	study	study	NOUN
ijosar-396	102	3	employed	employ	VERB
ijosar-396	102	4	englegranger	englegranger	NOUN
ijosar-396	102	5	co	co	NOUN
ijosar-396	102	6	-	-	NOUN
ijosar-396	102	7	integration	integration	NOUN
ijosar-396	102	8	and	and	CCONJ
ijosar-396	102	9	error	error	NOUN
ijosar-396	102	10	correction	correction	NOUN
ijosar-396	102	11	model	model	NOUN
ijosar-396	102	12	and	and	CCONJ
ijosar-396	102	13	found	find	VERB
ijosar-396	102	14	that	that	SCONJ
ijosar-396	102	15	a	a	DET
ijosar-396	102	16	higher	high	ADJ
ijosar-396	102	17	exchange	exchange	NOUN
ijosar-396	102	18	rate	rate	NOUN
ijosar-396	102	19	and	and	CCONJ
ijosar-396	102	20	inflation	inflation	NOUN
ijosar-396	102	21	rate	rate	NOUN
ijosar-396	102	22	,	,	PUNCT
ijosar-396	102	23	an	an	DET
ijosar-396	102	24	increase	increase	NOUN
ijosar-396	102	25	in	in	ADP
ijosar-396	102	26	foreign	foreign	ADJ
ijosar-396	102	27	direct	direct	ADJ
ijosar-396	102	28	investment	investment	NOUN
ijosar-396	102	29	,	,	PUNCT
ijosar-396	102	30	growth	growth	NOUN
ijosar-396	102	31	in	in	ADP
ijosar-396	102	32	trade	trade	NOUN
ijosar-396	102	33	and	and	CCONJ
ijosar-396	102	34	openness	openness	NOUN
ijosar-396	102	35	and	and	CCONJ
ijosar-396	102	36	a	a	DET
ijosar-396	102	37	lesser	less	ADJ
ijosar-396	102	38	interest	interest	NOUN
ijosar-396	102	39	rate	rate	NOUN
ijosar-396	102	40	enhance	enhance	VERB
ijosar-396	102	41	the	the	DET
ijosar-396	102	42	growth	growth	NOUN
ijosar-396	102	43	rate	rate	NOUN
ijosar-396	102	44	of	of	ADP
ijosar-396	102	45	output	output	NOUN
ijosar-396	102	46	in	in	ADP
ijosar-396	102	47	nigeria	nigeria	PROPN
ijosar-396	102	48	.	.	PUNCT
ijosar-396	103	1	3	3	X
ijosar-396	103	2	.	.	X
ijosar-396	103	3	methodology	methodology	NOUN
ijosar-396	103	4	to	to	PART
ijosar-396	103	5	examine	examine	VERB
ijosar-396	103	6	the	the	DET
ijosar-396	103	7	relationship	relationship	NOUN
ijosar-396	103	8	among	among	ADP
ijosar-396	103	9	the	the	DET
ijosar-396	103	10	variables	variable	NOUN
ijosar-396	103	11	,	,	PUNCT
ijosar-396	103	12	this	this	DET
ijosar-396	103	13	study	study	NOUN
ijosar-396	103	14	applied	apply	VERB
ijosar-396	103	15	augmented	augment	VERB
ijosar-396	103	16	dickeyfuller	dickeyfuller	NOUN
ijosar-396	103	17	(	(	PUNCT
ijosar-396	103	18	adf	adf	PROPN
ijosar-396	103	19	)	)	PUNCT
ijosar-396	103	20	statistics	statistic	NOUN
ijosar-396	103	21	where	where	SCONJ
ijosar-396	103	22	used	use	VERB
ijosar-396	103	23	to	to	PART
ijosar-396	103	24	test	test	VERB
ijosar-396	103	25	the	the	DET
ijosar-396	103	26	stationarity	stationarity	NOUN
ijosar-396	103	27	or	or	CCONJ
ijosar-396	103	28	non	non	ADJ
ijosar-396	103	29	-	-	NOUN
ijosar-396	103	30	stationarity	stationarity	NOUN
ijosar-396	103	31	of	of	ADP
ijosar-396	103	32	the	the	DET
ijosar-396	103	33	variables	variable	NOUN
ijosar-396	103	34	ijointernational	ijointernational	ADJ
ijosar-396	103	35	journal	journal	NOUN
ijosar-396	103	36	of	of	ADP
ijosar-396	103	37	social	social	ADJ
ijosar-396	103	38	science	science	NOUN
ijosar-396	103	39	and	and	CCONJ
ijosar-396	103	40	humanities	humanity	NOUN
ijosar-396	103	41	research	research	NOUN
ijosar-396	103	42	volume	volume	NOUN
ijosar-396	103	43	3|	3|	NUM
ijosar-396	103	44	issue	issue	NOUN
ijosar-396	103	45	12|	12|	NUM
ijosar-396	103	46	december	december	PROPN
ijosar-396	103	47	|	|	NOUN
ijosar-396	103	48	2020	2020	NUM
ijosar-396	103	49	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	103	50	24	24	NUM
ijosar-396	103	51	and	and	CCONJ
ijosar-396	103	52	their	their	PRON
ijosar-396	103	53	order	order	NOUN
ijosar-396	103	54	of	of	ADP
ijosar-396	103	55	integration	integration	NOUN
ijosar-396	103	56	.	.	PUNCT
ijosar-396	104	1	the	the	DET
ijosar-396	104	2	johansen	johansen	PROPN
ijosar-396	104	3	co	co	PROPN
ijosar-396	104	4	-	-	NOUN
ijosar-396	104	5	integration	integration	NOUN
ijosar-396	104	6	technique	technique	NOUN
ijosar-396	104	7	would	would	AUX
ijosar-396	104	8	be	be	AUX
ijosar-396	104	9	used	use	VERB
ijosar-396	104	10	to	to	PART
ijosar-396	104	11	test	test	VERB
ijosar-396	104	12	for	for	ADP
ijosar-396	104	13	long	long	ADJ
ijosar-396	104	14	run	run	NOUN
ijosar-396	104	15	relationship	relationship	NOUN
ijosar-396	104	16	between	between	ADP
ijosar-396	104	17	the	the	DET
ijosar-396	104	18	variables	variable	NOUN
ijosar-396	104	19	.	.	PUNCT
ijosar-396	105	1	the	the	DET
ijosar-396	105	2	vecm	vecm	NOUN
ijosar-396	105	3	would	would	AUX
ijosar-396	105	4	be	be	AUX
ijosar-396	105	5	applied	apply	VERB
ijosar-396	105	6	to	to	PART
ijosar-396	105	7	estimate	estimate	VERB
ijosar-396	105	8	the	the	DET
ijosar-396	105	9	speed	speed	NOUN
ijosar-396	105	10	of	of	ADP
ijosar-396	105	11	adjustment	adjustment	NOUN
ijosar-396	105	12	and	and	CCONJ
ijosar-396	105	13	causality	causality	NOUN
ijosar-396	105	14	test	test	NOUN
ijosar-396	105	15	to	to	PART
ijosar-396	105	16	examine	examine	VERB
ijosar-396	105	17	the	the	DET
ijosar-396	105	18	long	long	ADJ
ijosar-396	105	19	run	run	NOUN
ijosar-396	105	20	causal	causal	NOUN
ijosar-396	105	21	relationship	relationship	NOUN
ijosar-396	105	22	between	between	ADP
ijosar-396	105	23	variables.this	variables.this	DET
ijosar-396	105	24	study	study	NOUN
ijosar-396	105	25	also	also	ADV
ijosar-396	105	26	used	use	VERB
ijosar-396	105	27	annual	annual	ADJ
ijosar-396	105	28	data	datum	NOUN
ijosar-396	105	29	spanning	span	VERB
ijosar-396	105	30	from	from	ADP
ijosar-396	105	31	1981	1981	NUM
ijosar-396	105	32	to	to	ADP
ijosar-396	105	33	2017	2017	NUM
ijosar-396	105	34	.	.	PUNCT
ijosar-396	106	1	this	this	PRON
ijosar-396	106	2	is	be	AUX
ijosar-396	106	3	the	the	DET
ijosar-396	106	4	period	period	NOUN
ijosar-396	106	5	for	for	ADP
ijosar-396	106	6	which	which	PRON
ijosar-396	106	7	all	all	DET
ijosar-396	106	8	the	the	DET
ijosar-396	106	9	data	datum	NOUN
ijosar-396	106	10	of	of	ADP
ijosar-396	106	11	the	the	DET
ijosar-396	106	12	variables	variable	NOUN
ijosar-396	106	13	under	under	ADP
ijosar-396	106	14	assessment	assessment	NOUN
ijosar-396	106	15	are	be	AUX
ijosar-396	106	16	available	available	ADJ
ijosar-396	106	17	.	.	PUNCT
ijosar-396	107	1	the	the	DET
ijosar-396	107	2	data	data	NOUN
ijosar-396	107	3	is	be	AUX
ijosar-396	107	4	sourced	source	VERB
ijosar-396	107	5	from	from	ADP
ijosar-396	107	6	statistical	statistical	ADJ
ijosar-396	107	7	bulletin	bulletin	NOUN
ijosar-396	107	8	a	a	DET
ijosar-396	107	9	publication	publication	NOUN
ijosar-396	107	10	of	of	ADP
ijosar-396	107	11	central	central	ADJ
ijosar-396	107	12	bank	bank	PROPN
ijosar-396	107	13	of	of	ADP
ijosar-396	107	14	nigeria	nigeria	PROPN
ijosar-396	107	15	,	,	PUNCT
ijosar-396	107	16	world	world	NOUN
ijosar-396	107	17	development	development	NOUN
ijosar-396	107	18	indicators	indicator	NOUN
ijosar-396	107	19	,	,	PUNCT
ijosar-396	107	20	a	a	DET
ijosar-396	107	21	publication	publication	NOUN
ijosar-396	107	22	of	of	ADP
ijosar-396	107	23	world	world	PROPN
ijosar-396	107	24	bank	bank	PROPN
ijosar-396	107	25	,	,	PUNCT
ijosar-396	107	26	and	and	CCONJ
ijosar-396	107	27	nigerian	nigerian	ADJ
ijosar-396	107	28	bureau	bureau	NOUN
ijosar-396	107	29	of	of	ADP
ijosar-396	107	30	statistics	statistic	NOUN
ijosar-396	107	31	.	.	PUNCT
ijosar-396	108	1	the	the	DET
ijosar-396	108	2	variables	variable	NOUN
ijosar-396	108	3	captured	capture	VERB
ijosar-396	108	4	in	in	ADP
ijosar-396	108	5	the	the	DET
ijosar-396	108	6	equation	equation	NOUN
ijosar-396	108	7	are	be	AUX
ijosar-396	108	8	stock	stock	NOUN
ijosar-396	108	9	market	market	NOUN
ijosar-396	108	10	capitalization	capitalization	NOUN
ijosar-396	108	11	growth	growth	NOUN
ijosar-396	108	12	(	(	PUNCT
ijosar-396	108	13	smcg	smcg	PROPN
ijosar-396	108	14	)	)	PUNCT
ijosar-396	108	15	as	as	ADP
ijosar-396	108	16	the	the	DET
ijosar-396	108	17	explained	explain	VERB
ijosar-396	108	18	variable	variable	NOUN
ijosar-396	108	19	,	,	PUNCT
ijosar-396	108	20	and	and	CCONJ
ijosar-396	108	21	trade	trade	NOUN
ijosar-396	108	22	openness	openness	NOUN
ijosar-396	108	23	(	(	PUNCT
ijosar-396	108	24	to	to	PART
ijosar-396	108	25	)	)	PUNCT
ijosar-396	108	26	,	,	PUNCT
ijosar-396	108	27	foreign	foreign	ADJ
ijosar-396	108	28	direct	direct	ADJ
ijosar-396	108	29	investment	investment	NOUN
ijosar-396	108	30	(	(	PUNCT
ijosar-396	108	31	fdi	fdi	NOUN
ijosar-396	108	32	)	)	PUNCT
ijosar-396	108	33	,	,	PUNCT
ijosar-396	108	34	exchange	exchange	NOUN
ijosar-396	108	35	rate	rate	NOUN
ijosar-396	108	36	(	(	PUNCT
ijosar-396	108	37	exr	exr	PROPN
ijosar-396	108	38	)	)	PUNCT
ijosar-396	108	39	and	and	CCONJ
ijosar-396	108	40	balance	balance	NOUN
ijosar-396	108	41	of	of	ADP
ijosar-396	108	42	payment	payment	NOUN
ijosar-396	108	43	(	(	PUNCT
ijosar-396	108	44	bop	bop	INTJ
ijosar-396	108	45	)	)	PUNCT
ijosar-396	108	46	as	as	ADP
ijosar-396	108	47	explanatory	explanatory	ADJ
ijosar-396	108	48	variables	variable	NOUN
ijosar-396	108	49	.	.	PUNCT
ijosar-396	109	1	model	model	NOUN
ijosar-396	109	2	specification	specification	NOUN
ijosar-396	109	3	this	this	DET
ijosar-396	109	4	study	study	NOUN
ijosar-396	109	5	analyze	analyze	VERB
ijosar-396	109	6	the	the	DET
ijosar-396	109	7	effects	effect	NOUN
ijosar-396	109	8	of	of	ADP
ijosar-396	109	9	trade	trade	NOUN
ijosar-396	109	10	openness	openness	NOUN
ijosar-396	109	11	and	and	CCONJ
ijosar-396	109	12	exchange	exchange	NOUN
ijosar-396	109	13	rate	rate	NOUN
ijosar-396	109	14	on	on	ADP
ijosar-396	109	15	stock	stock	NOUN
ijosar-396	109	16	market	market	NOUN
ijosar-396	109	17	capitalization	capitalization	NOUN
ijosar-396	109	18	growth	growth	NOUN
ijosar-396	109	19	in	in	ADP
ijosar-396	109	20	nigeria	nigeria	PROPN
ijosar-396	109	21	,	,	PUNCT
ijosar-396	109	22	which	which	PRON
ijosar-396	109	23	would	would	AUX
ijosar-396	109	24	be	be	AUX
ijosar-396	109	25	based	base	VERB
ijosar-396	109	26	on	on	ADP
ijosar-396	109	27	the	the	DET
ijosar-396	109	28	model	model	NOUN
ijosar-396	109	29	coined	coin	VERB
ijosar-396	109	30	from	from	ADP
ijosar-396	109	31	the	the	DET
ijosar-396	109	32	publication	publication	NOUN
ijosar-396	109	33	of	of	ADP
ijosar-396	109	34	ajayi	ajayi	NOUN
ijosar-396	109	35	,	,	PUNCT
ijosar-396	109	36	araoye	araoye	NOUN
ijosar-396	109	37	and	and	CCONJ
ijosar-396	109	38	aruwaji(2018),which	aruwaji(2018),which	PRON
ijosar-396	109	39	have	have	AUX
ijosar-396	109	40	investigated	investigate	VERB
ijosar-396	109	41	the	the	DET
ijosar-396	109	42	linkage	linkage	NOUN
ijosar-396	109	43	between	between	ADP
ijosar-396	109	44	stock	stock	NOUN
ijosar-396	109	45	market	market	NOUN
ijosar-396	109	46	and	and	CCONJ
ijosar-396	109	47	economic	economic	ADJ
ijosar-396	109	48	growth	growth	NOUN
ijosar-396	109	49	,	,	PUNCT
ijosar-396	109	50	but	but	CCONJ
ijosar-396	109	51	with	with	ADP
ijosar-396	109	52	slight	slight	ADJ
ijosar-396	109	53	modifications.to	modifications.to	PROPN
ijosar-396	109	54	explain	explain	VERB
ijosar-396	109	55	the	the	DET
ijosar-396	109	56	relationship	relationship	NOUN
ijosar-396	109	57	between	between	ADP
ijosar-396	109	58	stock	stock	NOUN
ijosar-396	109	59	market	market	NOUN
ijosar-396	109	60	capitalization	capitalization	NOUN
ijosar-396	109	61	growth	growth	NOUN
ijosar-396	109	62	and	and	CCONJ
ijosar-396	109	63	other	other	ADJ
ijosar-396	109	64	economic	economic	ADJ
ijosar-396	109	65	variables	variable	NOUN
ijosar-396	109	66	in	in	ADP
ijosar-396	109	67	nigeria	nigeria	PROPN
ijosar-396	109	68	economy	economy	NOUN
ijosar-396	109	69	,	,	PUNCT
ijosar-396	109	70	the	the	DET
ijosar-396	109	71	model	model	NOUN
ijosar-396	109	72	is	be	AUX
ijosar-396	109	73	specified	specify	VERB
ijosar-396	109	74	below	below	ADP
ijosar-396	109	75	:	:	PUNCT
ijosar-396	109	76	stock	stock	NOUN
ijosar-396	109	77	market	market	NOUN
ijosar-396	109	78	capitalization	capitalization	NOUN
ijosar-396	109	79	growth	growth	NOUN
ijosar-396	109	80	(	(	PUNCT
ijosar-396	109	81	smcg	smcg	PROPN
ijosar-396	109	82	)	)	PUNCT
ijosar-396	110	1	=	=	SYM
ijosar-396	110	2	f	f	PROPN
ijosar-396	110	3	(	(	PUNCT
ijosar-396	110	4	trade	trade	NOUN
ijosar-396	110	5	openness	openness	NOUN
ijosar-396	110	6	(	(	PUNCT
ijosar-396	110	7	to	to	PART
ijosar-396	110	8	)	)	PUNCT
ijosar-396	110	9	,	,	PUNCT
ijosar-396	110	10	foreign	foreign	ADJ
ijosar-396	110	11	direct	direct	ADJ
ijosar-396	110	12	investment	investment	NOUN
ijosar-396	110	13	(	(	PUNCT
ijosar-396	110	14	fdi	fdi	NOUN
ijosar-396	110	15	)	)	PUNCT
ijosar-396	110	16	,	,	PUNCT
ijosar-396	110	17	exchange	exchange	NOUN
ijosar-396	110	18	rate	rate	NOUN
ijosar-396	110	19	(	(	PUNCT
ijosar-396	110	20	exr	exr	PROPN
ijosar-396	110	21	)	)	PUNCT
ijosar-396	110	22	,	,	PUNCT
ijosar-396	110	23	balance	balance	NOUN
ijosar-396	110	24	of	of	ADP
ijosar-396	110	25	payment	payment	NOUN
ijosar-396	110	26	(	(	PUNCT
ijosar-396	110	27	bop	bop	INTJ
ijosar-396	110	28	)	)	PUNCT
ijosar-396	110	29	……	……	NOUN
ijosar-396	110	30	……	……	NOUN
ijosar-396	110	31	(	(	PUNCT
ijosar-396	110	32	3:1	3:1	NUM
ijosar-396	110	33	)	)	PUNCT
ijosar-396	110	34	let	let	VERB
ijosar-396	110	35	derive	derive	VERB
ijosar-396	110	36	equation	equation	NOUN
ijosar-396	110	37	(	(	PUNCT
ijosar-396	110	38	3:2	3:2	NUM
ijosar-396	110	39	)	)	PUNCT
ijosar-396	110	40	from	from	ADP
ijosar-396	110	41	equation	equation	NOUN
ijosar-396	110	42	(	(	PUNCT
ijosar-396	110	43	3:1	3:1	NUM
ijosar-396	110	44	)	)	PUNCT
ijosar-396	110	45	smcg	smcg	NOUN
ijosar-396	110	46	=	=	SYM
ijosar-396	110	47	f	f	PROPN
ijosar-396	110	48	(	(	PUNCT
ijosar-396	110	49	to	to	ADP
ijosar-396	110	50	,	,	PUNCT
ijosar-396	110	51	fdi	fdi	PROPN
ijosar-396	110	52	,	,	PUNCT
ijosar-396	110	53	exr	exr	PROPN
ijosar-396	110	54	,	,	PUNCT
ijosar-396	110	55	bop	bop	INTJ
ijosar-396	110	56	)	)	PUNCT
ijosar-396	110	57	……	……	NOUN
ijosar-396	110	58	……	……	NOUN
ijosar-396	110	59	……	……	NOUN
ijosar-396	110	60	……	……	NOUN
ijosar-396	110	61	……	……	NOUN
ijosar-396	110	62	……	……	NOUN
ijosar-396	110	63	..	..	PUNCT
ijosar-396	110	64	……	……	NOUN
ijosar-396	110	65	……	……	NOUN
ijosar-396	110	66	(	(	PUNCT
ijosar-396	110	67	3:2	3:2	NUM
ijosar-396	110	68	)	)	PUNCT
ijosar-396	110	69	let	let	VERB
ijosar-396	110	70	converted	convert	VERB
ijosar-396	110	71	equation	equation	NOUN
ijosar-396	110	72	(	(	PUNCT
ijosar-396	110	73	3:2	3:2	NUM
ijosar-396	110	74	)	)	PUNCT
ijosar-396	110	75	into	into	ADP
ijosar-396	110	76	econometric	econometric	ADJ
ijosar-396	110	77	model	model	NOUN
ijosar-396	110	78	for	for	ADP
ijosar-396	110	79	objective	objective	ADJ
ijosar-396	110	80	(	(	PUNCT
ijosar-396	110	81	1	1	NUM
ijosar-396	110	82	)	)	PUNCT
ijosar-396	110	83	smcg	smcg	NOUN
ijosar-396	110	84	t	t	NOUN
ijosar-396	110	85	=	=	SYM
ijosar-396	110	86	b0	b0	PROPN
ijosar-396	110	87	+	+	CCONJ
ijosar-396	110	88	b1to	b1to	SYM
ijosar-396	110	89	t	t	X
ijosar-396	110	90	+	+	NUM
ijosar-396	110	91	b2fdi	b2fdi	PROPN
ijosar-396	110	92	t	t	NOUN
ijosar-396	110	93	+	+	CCONJ
ijosar-396	110	94	b3exr	b3exr	PROPN
ijosar-396	110	95	t	t	NOUN
ijosar-396	110	96	+	+	CCONJ
ijosar-396	110	97	b3bopt	b3bopt	PROPN
ijosar-396	110	98	+	+	NUM
ijosar-396	110	99	u1	u1	NOUN
ijosar-396	110	100	t	t	NOUN
ijosar-396	110	101	…	…	NUM
ijosar-396	110	102	……	……	NOUN
ijosar-396	110	103	……	……	NOUN
ijosar-396	110	104	……	……	NOUN
ijosar-396	110	105	……	……	NOUN
ijosar-396	110	106	……	……	NOUN
ijosar-396	110	107	……	……	NOUN
ijosar-396	110	108	(	(	PUNCT
ijosar-396	110	109	3:3	3:3	NUM
ijosar-396	110	110	)	)	PUNCT
ijosar-396	110	111	where	where	SCONJ
ijosar-396	110	112	:	:	PUNCT
ijosar-396	110	113	stock	stock	NOUN
ijosar-396	110	114	market	market	NOUN
ijosar-396	110	115	capitalization	capitalization	NOUN
ijosar-396	110	116	growth	growth	NOUN
ijosar-396	110	117	=	=	SYM
ijosar-396	110	118	smcgt	smcgt	NOUN
ijosar-396	110	119	trade	trade	NOUN
ijosar-396	110	120	openness	openness	NOUN
ijosar-396	110	121	(	(	PUNCT
ijosar-396	110	122	to	to	PART
ijosar-396	110	123	)	)	PUNCT
ijosar-396	110	124	=	=	SYM
ijosar-396	110	125	tot	tot	VERB
ijosar-396	110	126	foreign	foreign	ADJ
ijosar-396	110	127	direct	direct	ADJ
ijosar-396	110	128	investment	investment	NOUN
ijosar-396	110	129	=	=	PUNCT
ijosar-396	110	130	fdi	fdi	NOUN
ijosar-396	110	131	t	t	NOUN
ijosar-396	110	132	exchange	exchange	NOUN
ijosar-396	110	133	rate	rate	NOUN
ijosar-396	110	134	=	=	SYM
ijosar-396	110	135	exr	exr	PROPN
ijosar-396	110	136	t	t	PROPN
ijosar-396	110	137	balance	balance	NOUN
ijosar-396	110	138	of	of	ADP
ijosar-396	110	139	payment	payment	NOUN
ijosar-396	110	140	=	=	NOUN
ijosar-396	110	141	bopt	bopt	NOUN
ijosar-396	110	142	b0	b0	NOUN
ijosar-396	110	143	=	=	PUNCT
ijosar-396	110	144	intercept	intercept	NOUN
ijosar-396	110	145	of	of	ADP
ijosar-396	110	146	the	the	DET
ijosar-396	110	147	relationship	relationship	NOUN
ijosar-396	110	148	b1	b1	NOUN
ijosar-396	110	149	,	,	PUNCT
ijosar-396	110	150	b2	b2	NOUN
ijosar-396	110	151	,	,	PUNCT
ijosar-396	110	152	b3	b3	NOUN
ijosar-396	110	153	=	=	SYM
ijosar-396	110	154	measure	measure	NOUN
ijosar-396	110	155	of	of	ADP
ijosar-396	110	156	the	the	DET
ijosar-396	110	157	slope	slope	NOUN
ijosar-396	110	158	u	u	NOUN
ijosar-396	110	159	=	=	NOUN
ijosar-396	110	160	error	error	NOUN
ijosar-396	110	161	term	term	NOUN
ijosar-396	110	162	.	.	PUNCT
ijosar-396	111	1	ijointernational	ijointernational	ADJ
ijosar-396	111	2	journal	journal	NOUN
ijosar-396	111	3	of	of	ADP
ijosar-396	111	4	social	social	ADJ
ijosar-396	111	5	science	science	NOUN
ijosar-396	111	6	and	and	CCONJ
ijosar-396	111	7	humanities	humanity	NOUN
ijosar-396	111	8	research	research	NOUN
ijosar-396	111	9	volume	volume	NOUN
ijosar-396	111	10	3|	3|	NUM
ijosar-396	111	11	issue	issue	NOUN
ijosar-396	111	12	12|	12|	NUM
ijosar-396	111	13	december	december	PROPN
ijosar-396	111	14	|	|	NOUN
ijosar-396	111	15	2020	2020	NUM
ijosar-396	111	16	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	111	17	25	25	NUM
ijosar-396	111	18	4	4	NUM
ijosar-396	111	19	.	.	PUNCT
ijosar-396	111	20	discussion	discussion	NOUN
ijosar-396	111	21	of	of	ADP
ijosar-396	111	22	findings	finding	NOUN
ijosar-396	111	23	when	when	SCONJ
ijosar-396	111	24	dealing	deal	VERB
ijosar-396	111	25	with	with	ADP
ijosar-396	111	26	time	time	NOUN
ijosar-396	111	27	series	series	PROPN
ijosar-396	111	28	data	data	PROPN
ijosar-396	111	29	,	,	PUNCT
ijosar-396	111	30	it	it	PRON
ijosar-396	111	31	is	be	AUX
ijosar-396	111	32	important	important	ADJ
ijosar-396	111	33	to	to	PART
ijosar-396	111	34	test	test	VERB
ijosar-396	111	35	the	the	DET
ijosar-396	111	36	series	series	NOUN
ijosar-396	111	37	’	'	PUNCT
ijosar-396	111	38	behavior	behavior	NOUN
ijosar-396	111	39	so	so	SCONJ
ijosar-396	111	40	as	as	SCONJ
ijosar-396	111	41	to	to	PART
ijosar-396	111	42	know	know	VERB
ijosar-396	111	43	the	the	DET
ijosar-396	111	44	stationary	stationary	ADJ
ijosar-396	111	45	levels	level	NOUN
ijosar-396	111	46	.	.	PUNCT
ijosar-396	112	1	economic	economic	ADJ
ijosar-396	112	2	theory	theory	NOUN
ijosar-396	112	3	requires	require	VERB
ijosar-396	112	4	that	that	SCONJ
ijosar-396	112	5	variables	variable	NOUN
ijosar-396	112	6	be	be	VERB
ijosar-396	112	7	stationary	stationary	ADJ
ijosar-396	112	8	before	before	ADP
ijosar-396	112	9	application	application	NOUN
ijosar-396	112	10	of	of	ADP
ijosar-396	112	11	standard	standard	ADJ
ijosar-396	112	12	econometric	econometric	ADJ
ijosar-396	112	13	techniques	technique	NOUN
ijosar-396	112	14	,	,	PUNCT
ijosar-396	112	15	this	this	PRON
ijosar-396	112	16	is	be	AUX
ijosar-396	112	17	to	to	PART
ijosar-396	112	18	avoid	avoid	VERB
ijosar-396	112	19	misleading	misleading	ADJ
ijosar-396	112	20	results	result	NOUN
ijosar-396	112	21	.	.	PUNCT
ijosar-396	113	1	this	this	PRON
ijosar-396	113	2	has	have	AUX
ijosar-396	113	3	been	be	AUX
ijosar-396	113	4	carried	carry	VERB
ijosar-396	113	5	out	out	ADP
ijosar-396	113	6	through	through	ADP
ijosar-396	113	7	the	the	DET
ijosar-396	113	8	use	use	NOUN
ijosar-396	113	9	of	of	ADP
ijosar-396	113	10	most	most	ADV
ijosar-396	113	11	frequently	frequently	ADV
ijosar-396	113	12	used	use	VERB
ijosar-396	113	13	testing	testing	NOUN
ijosar-396	113	14	techniques	technique	NOUN
ijosar-396	113	15	of	of	ADP
ijosar-396	113	16	augmented	augment	VERB
ijosar-396	113	17	dickey	dickey	PROPN
ijosar-396	113	18	fuller	fuller	NOUN
ijosar-396	113	19	.	.	PUNCT
ijosar-396	114	1	variables	variable	NOUN
ijosar-396	114	2	adf	adf	PROPN
ijosar-396	114	3	statistics	statistics	PROPN
ijosar-396	114	4	adf	adf	PROPN
ijosar-396	114	5	statistics	statistic	NOUN
ijosar-396	114	6	level	level	VERB
ijosar-396	114	7	critical	critical	ADJ
ijosar-396	114	8	values	value	NOUN
ijosar-396	114	9	1st	1st	ADJ
ijosar-396	114	10	difference	difference	NOUN
ijosar-396	114	11	critical	critical	ADJ
ijosar-396	114	12	values	value	NOUN
ijosar-396	114	13	smcg	smcg	NOUN
ijosar-396	114	14	0.569014	0.569014	NUM
ijosar-396	114	15	1	1	NUM
ijosar-396	114	16	%	%	NOUN
ijosar-396	114	17	-3.626784	-3.626784	NOUN
ijosar-396	114	18	-5.859350	-5.859350	NOUN
ijosar-396	114	19	1	1	NUM
ijosar-396	114	20	%	%	NOUN
ijosar-396	114	21	-3.632900	-3.632900	ADJ
ijosar-396	114	22	5	5	NUM
ijosar-396	114	23	%	%	NOUN
ijosar-396	114	24	-2.945842	-2.945842	NOUN
ijosar-396	114	25	5	5	NUM
ijosar-396	114	26	%	%	NOUN
ijosar-396	114	27	-2.948404	-2.948404	NOUN
ijosar-396	114	28	10	10	NUM
ijosar-396	114	29	%	%	NOUN
ijosar-396	114	30	-2.611531	-2.611531	NOUN
ijosar-396	114	31	10	10	NUM
ijosar-396	114	32	%	%	NOUN
ijosar-396	114	33	-2.612874	-2.612874	NOUN
ijosar-396	114	34	to	to	PART
ijosar-396	114	35	-0.989652	-0.989652	VERB
ijosar-396	114	36	1	1	NUM
ijosar-396	114	37	%	%	NOUN
ijosar-396	114	38	-3.626784	-3.626784	NOUN
ijosar-396	114	39	-6.439743	-6.439743	NOUN
ijosar-396	114	40	1	1	NUM
ijosar-396	114	41	%	%	NOUN
ijosar-396	114	42	-3.632900	-3.632900	ADJ
ijosar-396	114	43	5	5	NUM
ijosar-396	114	44	%	%	NOUN
ijosar-396	114	45	-2.945842	-2.945842	NOUN
ijosar-396	114	46	5	5	NUM
ijosar-396	114	47	%	%	NOUN
ijosar-396	114	48	-2.948404	-2.948404	NOUN
ijosar-396	114	49	10	10	NUM
ijosar-396	114	50	%	%	NOUN
ijosar-396	114	51	-2.611531	-2.611531	NOUN
ijosar-396	114	52	10	10	NUM
ijosar-396	114	53	%	%	NOUN
ijosar-396	114	54	-2.612874	-2.612874	PUNCT
ijosar-396	115	1	fdi	fdi	NOUN
ijosar-396	115	2	-1.368560	-1.368560	NOUN
ijosar-396	115	3	1	1	NUM
ijosar-396	115	4	%	%	NOUN
ijosar-396	115	5	-3.626784	-3.626784	NOUN
ijosar-396	115	6	-8.325831	-8.325831	PUNCT
ijosar-396	116	1	1	1	NUM
ijosar-396	116	2	%	%	NOUN
ijosar-396	116	3	-3.632900	-3.632900	ADJ
ijosar-396	116	4	5	5	NUM
ijosar-396	116	5	%	%	NOUN
ijosar-396	116	6	-2.945842	-2.945842	NOUN
ijosar-396	116	7	5	5	NUM
ijosar-396	116	8	%	%	NOUN
ijosar-396	116	9	-2.948404	-2.948404	NOUN
ijosar-396	116	10	10	10	NUM
ijosar-396	116	11	%	%	NOUN
ijosar-396	116	12	-2.611531	-2.611531	NOUN
ijosar-396	116	13	10	10	NUM
ijosar-396	116	14	%	%	NOUN
ijosar-396	116	15	-2.612874	-2.612874	X
ijosar-396	116	16	exr	exr	PROPN
ijosar-396	116	17	-0.411637	-0.411637	ADJ
ijosar-396	116	18	1	1	NUM
ijosar-396	116	19	%	%	NOUN
ijosar-396	116	20	-3.626784	-3.626784	NOUN
ijosar-396	116	21	-3.769794	-3.769794	NOUN
ijosar-396	116	22	1	1	NUM
ijosar-396	116	23	%	%	NOUN
ijosar-396	116	24	-3.632900	-3.632900	ADJ
ijosar-396	116	25	5	5	NUM
ijosar-396	116	26	%	%	NOUN
ijosar-396	116	27	-2.945842	-2.945842	NOUN
ijosar-396	116	28	5	5	NUM
ijosar-396	116	29	%	%	NOUN
ijosar-396	116	30	-2.948404	-2.948404	NOUN
ijosar-396	116	31	10	10	NUM
ijosar-396	116	32	%	%	NOUN
ijosar-396	116	33	-2.611531	-2.611531	NOUN
ijosar-396	116	34	10	10	NUM
ijosar-396	116	35	%	%	NOUN
ijosar-396	116	36	-2.612874	-2.612874	NOUN
ijosar-396	117	1	bop	bop	INTJ
ijosar-396	117	2	-5.087645	-5.087645	ADJ
ijosar-396	117	3	1	1	NUM
ijosar-396	117	4	%	%	NOUN
ijosar-396	117	5	-3.626784	-3.626784	NOUN
ijosar-396	117	6	-9.612322	-9.612322	NOUN
ijosar-396	118	1	1	1	NUM
ijosar-396	118	2	%	%	NOUN
ijosar-396	118	3	-3.632900	-3.632900	ADJ
ijosar-396	118	4	5	5	NUM
ijosar-396	118	5	%	%	NOUN
ijosar-396	118	6	-2.945842	-2.945842	NOUN
ijosar-396	118	7	5	5	NUM
ijosar-396	118	8	%	%	NOUN
ijosar-396	118	9	-2.948404	-2.948404	NOUN
ijosar-396	118	10	10	10	NUM
ijosar-396	118	11	%	%	NOUN
ijosar-396	118	12	-2.611531	-2.611531	NOUN
ijosar-396	118	13	10	10	NUM
ijosar-396	118	14	%	%	NOUN
ijosar-396	118	15	-2.612874	-2.612874	NOUN
ijosar-396	118	16	source	source	NOUN
ijosar-396	118	17	:	:	PUNCT
ijosar-396	118	18	author`s	author`s	X
ijosar-396	118	19	compilation	compilation	NOUN
ijosar-396	118	20	the	the	DET
ijosar-396	118	21	adf	adf	PROPN
ijosar-396	118	22	results	result	NOUN
ijosar-396	118	23	show	show	VERB
ijosar-396	118	24	that	that	SCONJ
ijosar-396	118	25	stock	stock	NOUN
ijosar-396	118	26	market	market	NOUN
ijosar-396	118	27	capitalization	capitalization	NOUN
ijosar-396	118	28	growth	growth	NOUN
ijosar-396	118	29	,	,	PUNCT
ijosar-396	118	30	trade	trade	NOUN
ijosar-396	118	31	openness	openness	NOUN
ijosar-396	118	32	,	,	PUNCT
ijosar-396	118	33	foreign	foreign	ADJ
ijosar-396	118	34	direct	direct	ADJ
ijosar-396	118	35	investment	investment	NOUN
ijosar-396	118	36	,	,	PUNCT
ijosar-396	118	37	exchange	exchange	NOUN
ijosar-396	118	38	rate	rate	NOUN
ijosar-396	118	39	are	be	AUX
ijosar-396	118	40	non	non	ADJ
ijosar-396	118	41	-	-	ADJ
ijosar-396	118	42	stationary	stationary	ADJ
ijosar-396	118	43	in	in	ADP
ijosar-396	118	44	level	level	NOUN
ijosar-396	118	45	,	,	PUNCT
ijosar-396	118	46	but	but	CCONJ
ijosar-396	118	47	stationary	stationary	ADJ
ijosar-396	118	48	in	in	ADP
ijosar-396	118	49	difference	difference	NOUN
ijosar-396	118	50	.	.	PUNCT
ijosar-396	119	1	while	while	SCONJ
ijosar-396	119	2	balance	balance	NOUN
ijosar-396	119	3	of	of	ADP
ijosar-396	119	4	payment	payment	NOUN
ijosar-396	119	5	is	be	AUX
ijosar-396	119	6	stationary	stationary	ADJ
ijosar-396	119	7	both	both	CCONJ
ijosar-396	119	8	in	in	ADP
ijosar-396	119	9	level	level	NOUN
ijosar-396	119	10	and	and	CCONJ
ijosar-396	119	11	1st	1st	ADJ
ijosar-396	119	12	difference	difference	NOUN
ijosar-396	119	13	indicating	indicate	VERB
ijosar-396	119	14	that	that	SCONJ
ijosar-396	119	15	the	the	DET
ijosar-396	119	16	variables	variable	NOUN
ijosar-396	119	17	are	be	AUX
ijosar-396	119	18	of	of	ADP
ijosar-396	119	19	different	different	ADJ
ijosar-396	119	20	order	order	NOUN
ijosar-396	119	21	of	of	ADP
ijosar-396	119	22	integration	integration	NOUN
ijosar-396	119	23	.	.	PUNCT
ijosar-396	120	1	co	co	ADJ
ijosar-396	120	2	-	-	NOUN
ijosar-396	120	3	integration	integration	NOUN
ijosar-396	120	4	test	test	NOUN
ijosar-396	120	5	result	result	VERB
ijosar-396	120	6	ijointernational	ijointernational	ADJ
ijosar-396	120	7	journal	journal	NOUN
ijosar-396	120	8	of	of	ADP
ijosar-396	120	9	social	social	ADJ
ijosar-396	120	10	science	science	NOUN
ijosar-396	120	11	and	and	CCONJ
ijosar-396	120	12	humanities	humanity	NOUN
ijosar-396	120	13	research	research	NOUN
ijosar-396	120	14	volume	volume	NOUN
ijosar-396	120	15	3|	3|	NUM
ijosar-396	120	16	issue	issue	NOUN
ijosar-396	121	1	12|	12|	NUM
ijosar-396	121	2	december	december	PROPN
ijosar-396	121	3	|	|	NOUN
ijosar-396	121	4	2020	2020	NUM
ijosar-396	121	5	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	121	6	26	26	NUM
ijosar-396	121	7	having	having	AUX
ijosar-396	121	8	confirmed	confirm	VERB
ijosar-396	121	9	the	the	DET
ijosar-396	121	10	stationary	stationary	ADJ
ijosar-396	121	11	nature	nature	NOUN
ijosar-396	121	12	of	of	ADP
ijosar-396	121	13	the	the	DET
ijosar-396	121	14	variables	variable	NOUN
ijosar-396	121	15	a	a	DET
ijosar-396	121	16	necessary	necessary	ADJ
ijosar-396	121	17	but	but	CCONJ
ijosar-396	121	18	not	not	PART
ijosar-396	121	19	sufficient	sufficient	ADJ
ijosar-396	121	20	condition	condition	NOUN
ijosar-396	121	21	for	for	ADP
ijosar-396	121	22	co	co	ADJ
ijosar-396	121	23	-	-	ADJ
ijosar-396	121	24	integrating	integrating	ADJ
ijosar-396	121	25	test	test	NOUN
ijosar-396	121	26	is	be	AUX
ijosar-396	121	27	that	that	SCONJ
ijosar-396	121	28	each	each	PRON
ijosar-396	121	29	of	of	ADP
ijosar-396	121	30	the	the	DET
ijosar-396	121	31	variables	variable	NOUN
ijosar-396	121	32	as	as	ADP
ijosar-396	121	33	different	different	ADJ
ijosar-396	121	34	integrated	integrate	VERB
ijosar-396	121	35	order	order	NOUN
ijosar-396	121	36	.	.	PUNCT
ijosar-396	122	1	the	the	DET
ijosar-396	122	2	johansen	johansen	PROPN
ijosar-396	122	3	co	co	PROPN
ijosar-396	122	4	-	-	NOUN
ijosar-396	122	5	integration	integration	NOUN
ijosar-396	122	6	test	test	NOUN
ijosar-396	122	7	uses	use	VERB
ijosar-396	122	8	two	two	NUM
ijosar-396	122	9	statistics	statistic	NOUN
ijosar-396	122	10	test	test	NOUN
ijosar-396	122	11	namely	namely	ADV
ijosar-396	122	12	;	;	PUNCT
ijosar-396	122	13	the	the	DET
ijosar-396	122	14	trace	trace	NOUN
ijosar-396	122	15	test	test	NOUN
ijosar-396	122	16	and	and	CCONJ
ijosar-396	122	17	the	the	DET
ijosar-396	122	18	likelihood	likelihood	NOUN
ijosar-396	122	19	eigen	eigen	PROPN
ijosar-396	122	20	-	-	PUNCT
ijosar-396	122	21	value	value	NOUN
ijosar-396	122	22	test	test	NOUN
ijosar-396	122	23	.	.	PUNCT
ijosar-396	123	1	the	the	DET
ijosar-396	123	2	results	result	NOUN
ijosar-396	123	3	obtained	obtain	VERB
ijosar-396	123	4	from	from	ADP
ijosar-396	123	5	the	the	DET
ijosar-396	123	6	likelihood	likelihood	NOUN
ijosar-396	123	7	eigen	eigen	NOUN
ijosar-396	123	8	-	-	PUNCT
ijosar-396	123	9	value	value	NOUN
ijosar-396	123	10	testis	testis	NOUN
ijosar-396	123	11	summarized	summarize	VERB
ijosar-396	123	12	in	in	ADP
ijosar-396	123	13	table	table	NOUN
ijosar-396	123	14	below	below	ADV
ijosar-396	123	15	.	.	PUNCT
ijosar-396	123	16	hypothesized	hypothesize	VERB
ijosar-396	123	17	no	no	INTJ
ijosar-396	123	18	.	.	PROPN
ijosar-396	123	19	of	of	ADP
ijosar-396	123	20	ce(s	ce(s	ADV
ijosar-396	123	21	)	)	PUNCT
ijosar-396	123	22	eigen	eigen	PROPN
ijosar-396	123	23	-	-	PUNCT
ijosar-396	123	24	value	value	NOUN
ijosar-396	123	25	max	max	PROPN
ijosar-396	123	26	-	-	PUNCT
ijosar-396	123	27	eigen	eigen	PROPN
ijosar-396	123	28	statistic	statistic	PROPN
ijosar-396	123	29	critical	critical	ADJ
ijosar-396	123	30	value	value	NOUN
ijosar-396	123	31	0.05	0.05	NUM
ijosar-396	123	32	prob	prob	NOUN
ijosar-396	123	33	.	.	PUNCT
ijosar-396	124	1	*	*	PUNCT
ijosar-396	125	1	*	*	PUNCT
ijosar-396	125	2	none	none	NOUN
ijosar-396	125	3	*	*	PUNCT
ijosar-396	125	4	0.691196	0.691196	NUM
ijosar-396	125	5	41.12672	41.12672	NUM
ijosar-396	125	6	33.87687	33.87687	NUM
ijosar-396	125	7	0.0057	0.0057	NUM
ijosar-396	125	8	at	at	ADP
ijosar-396	125	9	most	most	ADJ
ijosar-396	125	10	1	1	NUM
ijosar-396	125	11	*	*	PUNCT
ijosar-396	125	12	0.624325	0.624325	NUM
ijosar-396	125	13	34.26609	34.26609	NUM
ijosar-396	125	14	27.58434	27.58434	NUM
ijosar-396	125	15	0.0060	0.0060	NUM
ijosar-396	125	16	at	at	ADP
ijosar-396	125	17	most	most	ADJ
ijosar-396	125	18	2	2	NUM
ijosar-396	125	19	0.226095	0.226095	NUM
ijosar-396	125	20	8.970734	8.970734	NUM
ijosar-396	125	21	21.13162	21.13162	NUM
ijosar-396	125	22	0.8348	0.8348	NUM
ijosar-396	125	23	at	at	ADP
ijosar-396	125	24	most	most	ADJ
ijosar-396	125	25	3	3	NUM
ijosar-396	125	26	0.164041	0.164041	NUM
ijosar-396	125	27	6.271130	6.271130	NUM
ijosar-396	125	28	14.26460	14.26460	NUM
ijosar-396	125	29	0.5787	0.5787	NUM
ijosar-396	125	30	at	at	ADP
ijosar-396	125	31	most	most	ADV
ijosar-396	125	32	4	4	NUM
ijosar-396	125	33	*	*	SYM
ijosar-396	125	34	0.127562	0.127562	NUM
ijosar-396	125	35	4.776216	4.776216	NUM
ijosar-396	125	36	3.841466	3.841466	NUM
ijosar-396	125	37	0.0288	0.0288	NUM
ijosar-396	125	38	source	source	NOUN
ijosar-396	125	39	:	:	PUNCT
ijosar-396	125	40	author`s	author`s	PROPN
ijosar-396	125	41	compilation	compilation	PROPN
ijosar-396	125	42	max	max	PROPN
ijosar-396	125	43	-	-	PUNCT
ijosar-396	125	44	eigenvalue	eigenvalue	ADJ
ijosar-396	125	45	test	test	NOUN
ijosar-396	125	46	indicates	indicate	VERB
ijosar-396	125	47	2	2	NUM
ijosar-396	125	48	cointegratingeqn(s	cointegratingeqn(s	NOUN
ijosar-396	125	49	)	)	PUNCT
ijosar-396	125	50	at	at	ADP
ijosar-396	125	51	the	the	DET
ijosar-396	125	52	0.05	0.05	NUM
ijosar-396	125	53	level	level	NOUN
ijosar-396	125	54	denotes	denote	NOUN
ijosar-396	125	55	rejection	rejection	NOUN
ijosar-396	125	56	of	of	ADP
ijosar-396	125	57	the	the	DET
ijosar-396	125	58	hypothesis	hypothesis	NOUN
ijosar-396	125	59	at	at	ADP
ijosar-396	125	60	the	the	DET
ijosar-396	125	61	0.05	0.05	NUM
ijosar-396	125	62	level	level	NOUN
ijosar-396	125	63	max	max	PROPN
ijosar-396	125	64	-	-	PUNCT
ijosar-396	125	65	eigen	eigen	PROPN
ijosar-396	125	66	statistics	statistic	NOUN
ijosar-396	125	67	indicates	indicate	VERB
ijosar-396	125	68	the	the	DET
ijosar-396	125	69	presence	presence	NOUN
ijosar-396	125	70	of	of	ADP
ijosar-396	125	71	two	two	NUM
ijosar-396	125	72	co	co	ADJ
ijosar-396	125	73	-	-	ADJ
ijosar-396	125	74	integrating	integrating	ADJ
ijosar-396	125	75	equation	equation	NOUN
ijosar-396	125	76	at	at	ADP
ijosar-396	125	77	5	5	NUM
ijosar-396	125	78	%	%	NOUN
ijosar-396	125	79	significance	significance	NOUN
ijosar-396	125	80	level	level	NOUN
ijosar-396	125	81	which	which	PRON
ijosar-396	125	82	implies	imply	VERB
ijosar-396	125	83	that	that	SCONJ
ijosar-396	125	84	stock	stock	NOUN
ijosar-396	125	85	market	market	NOUN
ijosar-396	125	86	capitalization	capitalization	NOUN
ijosar-396	125	87	growth	growth	NOUN
ijosar-396	125	88	,	,	PUNCT
ijosar-396	125	89	trade	trade	NOUN
ijosar-396	125	90	openness	openness	NOUN
ijosar-396	125	91	,	,	PUNCT
ijosar-396	125	92	foreign	foreign	ADJ
ijosar-396	125	93	direct	direct	ADJ
ijosar-396	125	94	investment	investment	NOUN
ijosar-396	125	95	,	,	PUNCT
ijosar-396	125	96	exchange	exchange	NOUN
ijosar-396	125	97	rate	rate	NOUN
ijosar-396	125	98	,	,	PUNCT
ijosar-396	125	99	balance	balance	NOUN
ijosar-396	125	100	of	of	ADP
ijosar-396	125	101	payment	payment	NOUN
ijosar-396	125	102	are	be	AUX
ijosar-396	125	103	co	co	ADJ
ijosar-396	125	104	-	-	VERB
ijosar-396	125	105	integrated	integrated	ADJ
ijosar-396	125	106	.	.	PUNCT
ijosar-396	126	1	this	this	PRON
ijosar-396	126	2	shows	show	VERB
ijosar-396	126	3	that	that	SCONJ
ijosar-396	126	4	there	there	PRON
ijosar-396	126	5	is	be	VERB
ijosar-396	126	6	a	a	DET
ijosar-396	126	7	long	long	ADV
ijosar-396	126	8	-	-	PUNCT
ijosar-396	126	9	run	run	NOUN
ijosar-396	126	10	relationship	relationship	NOUN
ijosar-396	126	11	among	among	ADP
ijosar-396	126	12	stock	stock	NOUN
ijosar-396	126	13	market	market	NOUN
ijosar-396	126	14	capitalization	capitalization	NOUN
ijosar-396	126	15	growth	growth	NOUN
ijosar-396	126	16	,	,	PUNCT
ijosar-396	126	17	trade	trade	NOUN
ijosar-396	126	18	openness	openness	NOUN
ijosar-396	126	19	,	,	PUNCT
ijosar-396	126	20	foreigndirect	foreigndirect	ADJ
ijosar-396	126	21	investment	investment	NOUN
ijosar-396	126	22	,	,	PUNCT
ijosar-396	126	23	exchange	exchange	NOUN
ijosar-396	126	24	rate	rate	NOUN
ijosar-396	126	25	,	,	PUNCT
ijosar-396	126	26	and	and	CCONJ
ijosar-396	126	27	balanceof	balanceof	ADJ
ijosar-396	126	28	payment	payment	NOUN
ijosar-396	126	29	in	in	ADP
ijosar-396	126	30	nigeria	nigeria	PROPN
ijosar-396	126	31	.	.	PUNCT
ijosar-396	127	1	vector	vector	NOUN
ijosar-396	127	2	error	error	NOUN
ijosar-396	127	3	correction	correction	NOUN
ijosar-396	127	4	model	model	NOUN
ijosar-396	127	5	(	(	PUNCT
ijosar-396	127	6	vecm	vecm	NOUN
ijosar-396	127	7	)	)	PUNCT
ijosar-396	127	8	result	result	VERB
ijosar-396	127	9	since	since	SCONJ
ijosar-396	127	10	there	there	PRON
ijosar-396	127	11	is	be	VERB
ijosar-396	127	12	co	co	NOUN
ijosar-396	127	13	-	-	NOUN
ijosar-396	127	14	integration	integration	NOUN
ijosar-396	127	15	,	,	PUNCT
ijosar-396	127	16	the	the	DET
ijosar-396	127	17	vector	vector	NOUN
ijosar-396	127	18	error	error	NOUN
ijosar-396	127	19	correction	correction	NOUN
ijosar-396	127	20	model	model	NOUN
ijosar-396	127	21	is	be	AUX
ijosar-396	127	22	estimated	estimate	VERB
ijosar-396	127	23	,	,	PUNCT
ijosar-396	127	24	toanswerh0	toanswerh0	PROPN
ijosar-396	127	25	�	�	PROPN
ijosar-396	127	26	:	:	PUNCT
ijosar-396	127	27	there	there	PRON
ijosar-396	127	28	are	be	VERB
ijosar-396	127	29	no	no	DET
ijosar-396	127	30	significant	significant	ADJ
ijosar-396	127	31	effects	effect	NOUN
ijosar-396	127	32	of	of	ADP
ijosar-396	127	33	trade	trade	NOUN
ijosar-396	127	34	openness	openness	NOUN
ijosar-396	127	35	,	,	PUNCT
ijosar-396	127	36	exchange	exchange	NOUN
ijosar-396	127	37	rate	rate	NOUN
ijosar-396	127	38	on	on	ADP
ijosar-396	127	39	stock	stock	NOUN
ijosar-396	127	40	market	market	NOUN
ijosar-396	127	41	capitalization	capitalization	NOUN
ijosar-396	127	42	growth	growth	NOUN
ijosar-396	127	43	in	in	ADP
ijosar-396	127	44	nigeria	nigeria	PROPN
ijosar-396	127	45	.	.	PUNCT
ijosar-396	128	1	variable	variable	PROPN
ijosar-396	128	2	α	α	PROPN
ijosar-396	128	3	's	's	PART
ijosar-396	128	4	ecm	ecm	NOUN
ijosar-396	128	5	smcg(-1	smcg(-1	NOUN
ijosar-396	128	6	)	)	PUNCT
ijosar-396	128	7	1.000000	1.000000	NUM
ijosar-396	128	8	0.254556	0.254556	NUM
ijosar-396	128	9	(	(	PUNCT
ijosar-396	128	10	0.09328	0.09328	NUM
ijosar-396	128	11	)	)	PUNCT
ijosar-396	128	12	[	[	PUNCT
ijosar-396	128	13	2.72882	2.72882	NUM
ijosar-396	128	14	]	]	X
ijosar-396	128	15	to(-1	to(-1	ADJ
ijosar-396	128	16	)	)	PUNCT
ijosar-396	128	17	405285.2	405285.2	NUM
ijosar-396	128	18	(	(	PUNCT
ijosar-396	128	19	120887	120887	NUM
ijosar-396	128	20	.	.	PUNCT
ijosar-396	128	21	)	)	PUNCT
ijosar-396	129	1	[	[	PUNCT
ijosar-396	129	2	3.35259	3.35259	NUM
ijosar-396	129	3	]	]	SYM
ijosar-396	129	4	ijointernational	ijointernational	ADJ
ijosar-396	129	5	journal	journal	NOUN
ijosar-396	129	6	of	of	ADP
ijosar-396	129	7	social	social	ADJ
ijosar-396	129	8	science	science	NOUN
ijosar-396	129	9	and	and	CCONJ
ijosar-396	129	10	humanities	humanity	NOUN
ijosar-396	129	11	research	research	NOUN
ijosar-396	129	12	volume	volume	NOUN
ijosar-396	129	13	3|	3|	NUM
ijosar-396	129	14	issue	issue	NOUN
ijosar-396	129	15	12|	12|	NUM
ijosar-396	129	16	december	december	PROPN
ijosar-396	129	17	|	|	NOUN
ijosar-396	129	18	2020	2020	NUM
ijosar-396	129	19	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	129	20	27	27	NUM
ijosar-396	129	21	fdi(-1	fdi(-1	ADJ
ijosar-396	129	22	)	)	PUNCT
ijosar-396	129	23	-0.016014	-0.016014	NOUN
ijosar-396	129	24	(	(	PUNCT
ijosar-396	129	25	0.00187	0.00187	NUM
ijosar-396	129	26	)	)	PUNCT
ijosar-396	130	1	[	[	X
ijosar-396	130	2	-8.56286	-8.56286	NOUN
ijosar-396	130	3	]	]	X
ijosar-396	130	4	exr(-1	exr(-1	ADJ
ijosar-396	130	5	)	)	PUNCT
ijosar-396	130	6	-61956.62	-61956.62	PROPN
ijosar-396	130	7	(	(	PUNCT
ijosar-396	130	8	14095.7	14095.7	NUM
ijosar-396	130	9	)	)	PUNCT
ijosar-396	131	1	[	[	X
ijosar-396	131	2	-4.39543	-4.39543	X
ijosar-396	131	3	]	]	X
ijosar-396	131	4	bop(-1	bop(-1	NUM
ijosar-396	131	5	)	)	PUNCT
ijosar-396	131	6	10.92668	10.92668	NUM
ijosar-396	131	7	(	(	PUNCT
ijosar-396	131	8	2.30818	2.30818	NUM
ijosar-396	131	9	)	)	PUNCT
ijosar-396	131	10	[	[	PUNCT
ijosar-396	131	11	4.73390	4.73390	NUM
ijosar-396	131	12	]	]	X
ijosar-396	131	13	c	c	NOUN
ijosar-396	131	14	4459143	4459143	NUM
ijosar-396	131	15	.	.	PUNCT
ijosar-396	132	1	r	r	X
ijosar-396	132	2	-	-	SYM
ijosar-396	132	3	squared=	squared=	NUM
ijosar-396	132	4	0.321034	0.321034	NUM
ijosar-396	132	5	note	note	NOUN
ijosar-396	132	6	:	:	PUNCT
ijosar-396	132	7	the	the	DET
ijosar-396	132	8	t	t	PROPN
ijosar-396	132	9	-	-	PUNCT
ijosar-396	132	10	statistics	statistic	NOUN
ijosar-396	133	1	[	[	X
ijosar-396	133	2	]	]	X
ijosar-396	133	3	are	be	AUX
ijosar-396	133	4	inparentheses	inparenthese	NOUN
ijosar-396	133	5	source	source	NOUN
ijosar-396	133	6	:	:	PUNCT
ijosar-396	133	7	author`s	author`s	X
ijosar-396	133	8	compilation	compilation	NOUN
ijosar-396	133	9	interpretation	interpretation	NOUN
ijosar-396	133	10	of	of	ADP
ijosar-396	133	11	vecm	vecm	NOUN
ijosar-396	133	12	results	result	VERB
ijosar-396	133	13	ectt-1=1.0000smcgt-1	ectt-1=1.0000smcgt-1	PROPN
ijosar-396	133	14	+	+	NOUN
ijosar-396	133	15	405285.2tot-1	405285.2tot-1	NUM
ijosar-396	133	16	-	-	PUNCT
ijosar-396	133	17	0.016014fdit-1	0.016014fdit-1	NOUN
ijosar-396	134	1	61956.62exrt-1	61956.62exrt-1	NUM
ijosar-396	134	2	+	+	CCONJ
ijosar-396	134	3	10.92668bopt-1	10.92668bopt-1	NUM
ijosar-396	135	1	+	+	CCONJ
ijosar-396	135	2	4459143	4459143	NUM
ijosar-396	135	3	the	the	DET
ijosar-396	135	4	coefficient	coefficient	NOUN
ijosar-396	135	5	of	of	ADP
ijosar-396	135	6	to	to	PART
ijosar-396	135	7	is	be	AUX
ijosar-396	135	8	405285.2	405285.2	NUM
ijosar-396	135	9	with	with	ADP
ijosar-396	135	10	a	a	DET
ijosar-396	135	11	t	t	NOUN
ijosar-396	135	12	-	-	PUNCT
ijosar-396	135	13	value	value	NOUN
ijosar-396	135	14	of	of	ADP
ijosar-396	135	15	3.35259	3.35259	NUM
ijosar-396	135	16	.	.	PUNCT
ijosar-396	136	1	since	since	SCONJ
ijosar-396	136	2	the	the	DET
ijosar-396	136	3	t	t	NOUN
ijosar-396	136	4	-	-	PUNCT
ijosar-396	136	5	value	value	NOUN
ijosar-396	136	6	is	be	AUX
ijosar-396	136	7	greater	great	ADJ
ijosar-396	136	8	than	than	ADP
ijosar-396	136	9	2	2	NUM
ijosar-396	136	10	in	in	ADP
ijosar-396	136	11	absolute	absolute	ADJ
ijosar-396	136	12	sense	sense	NOUN
ijosar-396	136	13	,	,	PUNCT
ijosar-396	136	14	we	we	PRON
ijosar-396	136	15	reject	reject	VERB
ijosar-396	136	16	the	the	DET
ijosar-396	136	17	null	null	ADJ
ijosar-396	136	18	hypothesis	hypothesis	NOUN
ijosar-396	136	19	at	at	ADP
ijosar-396	136	20	5	5	NUM
ijosar-396	136	21	%	%	NOUN
ijosar-396	136	22	level	level	NOUN
ijosar-396	136	23	of	of	ADP
ijosar-396	136	24	significance	significance	NOUN
ijosar-396	136	25	using	use	VERB
ijosar-396	136	26	the	the	DET
ijosar-396	136	27	2	2	NUM
ijosar-396	136	28	-	-	PUNCT
ijosar-396	136	29	t	t	NOUN
ijosar-396	136	30	rule	rule	NOUN
ijosar-396	136	31	of	of	ADP
ijosar-396	136	32	thumb	thumb	NOUN
ijosar-396	136	33	.	.	PUNCT
ijosar-396	137	1	this	this	PRON
ijosar-396	137	2	means	mean	VERB
ijosar-396	137	3	that	that	SCONJ
ijosar-396	137	4	trade	trade	NOUN
ijosar-396	137	5	opening	opening	NOUN
ijosar-396	137	6	is	be	AUX
ijosar-396	137	7	statistically	statistically	ADV
ijosar-396	137	8	significant	significant	ADJ
ijosar-396	137	9	and	and	CCONJ
ijosar-396	137	10	affects	affect	VERB
ijosar-396	137	11	stock	stock	NOUN
ijosar-396	137	12	market	market	NOUN
ijosar-396	137	13	capitalization	capitalization	NOUN
ijosar-396	137	14	growth	growth	NOUN
ijosar-396	137	15	in	in	ADP
ijosar-396	137	16	nigeria	nigeria	PROPN
ijosar-396	137	17	.	.	PUNCT
ijosar-396	138	1	specifically	specifically	ADV
ijosar-396	138	2	a	a	DET
ijosar-396	138	3	unit	unit	NOUN
ijosar-396	138	4	increase	increase	NOUN
ijosar-396	138	5	in	in	ADP
ijosar-396	138	6	trade	trade	NOUN
ijosar-396	138	7	openness	openness	NOUN
ijosar-396	138	8	will	will	AUX
ijosar-396	138	9	on	on	ADP
ijosar-396	138	10	average	average	ADJ
ijosar-396	138	11	increase	increase	NOUN
ijosar-396	138	12	stock	stock	NOUN
ijosar-396	138	13	market	market	NOUN
ijosar-396	138	14	capitalization	capitalization	NOUN
ijosar-396	138	15	growth	growth	NOUN
ijosar-396	138	16	by	by	ADP
ijosar-396	138	17	405285.2	405285.2	NUM
ijosar-396	138	18	ceteris	ceteris	NOUN
ijosar-396	138	19	paribus	paribus	NOUN
ijosar-396	138	20	.	.	PUNCT
ijosar-396	139	1	the	the	DET
ijosar-396	139	2	positive	positive	ADJ
ijosar-396	139	3	sign	sign	NOUN
ijosar-396	139	4	of	of	ADP
ijosar-396	139	5	trade	trade	NOUN
ijosar-396	139	6	opening	opening	NOUN
ijosar-396	139	7	is	be	AUX
ijosar-396	139	8	unrealistic	unrealistic	ADJ
ijosar-396	139	9	in	in	ADP
ijosar-396	139	10	nigeria	nigeria	PROPN
ijosar-396	139	11	,	,	PUNCT
ijosar-396	139	12	in	in	ADP
ijosar-396	139	13	the	the	DET
ijosar-396	139	14	sense	sense	NOUN
ijosar-396	139	15	that	that	SCONJ
ijosar-396	139	16	both	both	CCONJ
ijosar-396	139	17	foreign	foreign	ADJ
ijosar-396	139	18	direct	direct	ADJ
ijosar-396	139	19	investment	investment	NOUN
ijosar-396	139	20	and	and	CCONJ
ijosar-396	139	21	exchange	exchange	NOUN
ijosar-396	139	22	rate	rate	NOUN
ijosar-396	139	23	is	be	AUX
ijosar-396	139	24	negative	negative	ADJ
ijosar-396	139	25	,	,	PUNCT
ijosar-396	139	26	it	it	PRON
ijosar-396	139	27	will	will	AUX
ijosar-396	139	28	be	be	AUX
ijosar-396	139	29	actualize	actualize	VERB
ijosar-396	139	30	if	if	SCONJ
ijosar-396	139	31	only	only	ADV
ijosar-396	139	32	the	the	DET
ijosar-396	139	33	government	government	NOUN
ijosar-396	139	34	can	can	AUX
ijosar-396	139	35	control	control	VERB
ijosar-396	139	36	the	the	DET
ijosar-396	139	37	domestic	domestic	ADJ
ijosar-396	139	38	productive	productive	ADJ
ijosar-396	139	39	system	system	NOUN
ijosar-396	139	40	,	,	PUNCT
ijosar-396	139	41	and	and	CCONJ
ijosar-396	139	42	be	be	AUX
ijosar-396	139	43	at	at	ADP
ijosar-396	139	44	advantage	advantage	NOUN
ijosar-396	139	45	side	side	NOUN
ijosar-396	139	46	of	of	ADP
ijosar-396	139	47	globalization	globalization	NOUN
ijosar-396	139	48	.	.	PUNCT
ijosar-396	140	1	the	the	DET
ijosar-396	140	2	coefficient	coefficient	NOUN
ijosar-396	140	3	of	of	ADP
ijosar-396	140	4	fdi	fdi	NOUN
ijosar-396	140	5	is	be	AUX
ijosar-396	140	6	-0.016014	-0.016014	NOUN
ijosar-396	140	7	with	with	ADP
ijosar-396	140	8	a	a	DET
ijosar-396	140	9	t	t	NOUN
ijosar-396	140	10	-	-	PUNCT
ijosar-396	140	11	value	value	NOUN
ijosar-396	140	12	of	of	ADP
ijosar-396	140	13	-8.56286	-8.56286	NOUN
ijosar-396	140	14	.	.	PUNCT
ijosar-396	141	1	since	since	SCONJ
ijosar-396	141	2	the	the	DET
ijosar-396	141	3	t	t	NOUN
ijosar-396	141	4	-	-	PUNCT
ijosar-396	141	5	value	value	NOUN
ijosar-396	141	6	is	be	AUX
ijosar-396	141	7	greater	great	ADJ
ijosar-396	141	8	than	than	ADP
ijosar-396	141	9	2	2	NUM
ijosar-396	141	10	in	in	ADP
ijosar-396	141	11	absolute	absolute	ADJ
ijosar-396	141	12	sense	sense	NOUN
ijosar-396	141	13	,	,	PUNCT
ijosar-396	141	14	we	we	PRON
ijosar-396	141	15	reject	reject	VERB
ijosar-396	141	16	the	the	DET
ijosar-396	141	17	hull	hull	NOUN
ijosar-396	141	18	hypothesis	hypothesis	NOUN
ijosar-396	141	19	at	at	ADP
ijosar-396	141	20	5	5	NUM
ijosar-396	141	21	%	%	NOUN
ijosar-396	141	22	level	level	NOUN
ijosar-396	141	23	of	of	ADP
ijosar-396	141	24	significance	significance	NOUN
ijosar-396	141	25	using	use	VERB
ijosar-396	141	26	the	the	DET
ijosar-396	141	27	2	2	NUM
ijosar-396	141	28	t	t	NOUN
ijosar-396	141	29	rule	rule	NOUN
ijosar-396	141	30	of	of	ADP
ijosar-396	141	31	thumb	thumb	NOUN
ijosar-396	141	32	.	.	PUNCT
ijosar-396	142	1	this	this	PRON
ijosar-396	142	2	means	mean	VERB
ijosar-396	142	3	that	that	SCONJ
ijosar-396	142	4	foreign	foreign	ADJ
ijosar-396	142	5	direct	direct	ADJ
ijosar-396	142	6	investment	investment	NOUN
ijosar-396	142	7	statistically	statistically	ADV
ijosar-396	142	8	significantly	significantly	ADV
ijosar-396	142	9	affects	affect	VERB
ijosar-396	142	10	stock	stock	NOUN
ijosar-396	142	11	market	market	NOUN
ijosar-396	142	12	capitalization	capitalization	NOUN
ijosar-396	142	13	growth	growth	NOUN
ijosar-396	142	14	in	in	ADP
ijosar-396	142	15	nigeria	nigeria	PROPN
ijosar-396	142	16	.	.	PUNCT
ijosar-396	143	1	specifically	specifically	ADV
ijosar-396	143	2	a	a	DET
ijosar-396	143	3	unit	unit	NOUN
ijosar-396	143	4	increase	increase	NOUN
ijosar-396	143	5	in	in	ADP
ijosar-396	143	6	foreign	foreign	ADJ
ijosar-396	143	7	direct	direct	ADJ
ijosar-396	143	8	investment	investment	NOUN
ijosar-396	143	9	will	will	AUX
ijosar-396	143	10	on	on	ADP
ijosar-396	143	11	average	average	ADJ
ijosar-396	143	12	decrease	decrease	NOUN
ijosar-396	143	13	stock	stock	NOUN
ijosar-396	143	14	market	market	NOUN
ijosar-396	143	15	capitalization	capitalization	NOUN
ijosar-396	143	16	growth	growth	NOUN
ijosar-396	143	17	by	by	ADP
ijosar-396	143	18	-0.016014	-0.016014	NOUN
ijosar-396	143	19	%	%	NOUN
ijosar-396	143	20	ceteris	ceteris	NOUN
ijosar-396	143	21	paribus	paribus	NOUN
ijosar-396	143	22	.	.	PUNCT
ijosar-396	144	1	the	the	DET
ijosar-396	144	2	negative	negative	ADJ
ijosar-396	144	3	sign	sign	NOUN
ijosar-396	144	4	of	of	ADP
ijosar-396	144	5	foreign	foreign	ADJ
ijosar-396	144	6	direct	direct	ADJ
ijosar-396	144	7	investment	investment	NOUN
ijosar-396	144	8	validates	validate	VERB
ijosar-396	144	9	the	the	DET
ijosar-396	144	10	unfavorable	unfavorable	ADJ
ijosar-396	144	11	side	side	NOUN
ijosar-396	144	12	of	of	ADP
ijosar-396	144	13	‟demandsupply	‟demandsupply	NOUN
ijosar-396	144	14	theory	theory	NOUN
ijosar-396	144	15	”	"	PUNCT
ijosar-396	144	16	,	,	PUNCT
ijosar-396	144	17	in	in	ADP
ijosar-396	144	18	the	the	DET
ijosar-396	144	19	sense	sense	NOUN
ijosar-396	144	20	that	that	SCONJ
ijosar-396	144	21	multinational	multinational	ADJ
ijosar-396	144	22	company	company	NOUN
ijosar-396	144	23	import	import	VERB
ijosar-396	144	24	their	their	PRON
ijosar-396	144	25	advance	advance	NOUN
ijosar-396	144	26	technology	technology	NOUN
ijosar-396	144	27	and	and	CCONJ
ijosar-396	144	28	labour	labour	NOUN
ijosar-396	144	29	(	(	PUNCT
ijosar-396	144	30	semi	semi	ADJ
ijosar-396	144	31	-	-	ADJ
ijosar-396	144	32	skilled	skilled	ADJ
ijosar-396	144	33	)	)	PUNCT
ijosar-396	144	34	from	from	ADP
ijosar-396	144	35	their	their	PRON
ijosar-396	144	36	country	country	NOUN
ijosar-396	144	37	and	and	CCONJ
ijosar-396	144	38	utilize	utilize	VERB
ijosar-396	144	39	the	the	DET
ijosar-396	144	40	domestic	domestic	ADJ
ijosar-396	144	41	materials	material	NOUN
ijosar-396	144	42	,	,	PUNCT
ijosar-396	144	43	ijointernational	ijointernational	ADJ
ijosar-396	144	44	journal	journal	NOUN
ijosar-396	144	45	of	of	ADP
ijosar-396	144	46	social	social	ADJ
ijosar-396	144	47	science	science	NOUN
ijosar-396	144	48	and	and	CCONJ
ijosar-396	144	49	humanities	humanity	NOUN
ijosar-396	144	50	research	research	NOUN
ijosar-396	144	51	volume	volume	NOUN
ijosar-396	144	52	3|	3|	NUM
ijosar-396	144	53	issue	issue	NOUN
ijosar-396	144	54	12|	12|	NUM
ijosar-396	144	55	december	december	PROPN
ijosar-396	144	56	|	|	NOUN
ijosar-396	144	57	2020	2020	NUM
ijosar-396	144	58	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	144	59	28	28	NUM
ijosar-396	144	60	their	their	PRON
ijosar-396	144	61	profits	profit	NOUN
ijosar-396	144	62	are	be	AUX
ijosar-396	144	63	transferred	transfer	VERB
ijosar-396	144	64	back	back	ADV
ijosar-396	144	65	to	to	ADP
ijosar-396	144	66	their	their	PRON
ijosar-396	144	67	country	country	NOUN
ijosar-396	144	68	which	which	PRON
ijosar-396	144	69	results	result	VERB
ijosar-396	144	70	to	to	ADP
ijosar-396	144	71	capital	capital	NOUN
ijosar-396	144	72	flight	flight	NOUN
ijosar-396	144	73	in	in	ADP
ijosar-396	144	74	the	the	DET
ijosar-396	144	75	economy	economy	NOUN
ijosar-396	144	76	.	.	PUNCT
ijosar-396	145	1	the	the	DET
ijosar-396	145	2	coefficient	coefficient	NOUN
ijosar-396	145	3	of	of	ADP
ijosar-396	145	4	exr	exr	PROPN
ijosar-396	145	5	is	be	AUX
ijosar-396	145	6	-61956.62	-61956.62	PROPN
ijosar-396	145	7	with	with	ADP
ijosar-396	145	8	a	a	DET
ijosar-396	145	9	t	t	NOUN
ijosar-396	145	10	-	-	PUNCT
ijosar-396	145	11	value	value	NOUN
ijosar-396	145	12	of	of	ADP
ijosar-396	145	13	-4.39543	-4.39543	NOUN
ijosar-396	145	14	.	.	PUNCT
ijosar-396	146	1	since	since	SCONJ
ijosar-396	146	2	the	the	DET
ijosar-396	146	3	t	t	NOUN
ijosar-396	146	4	-	-	PUNCT
ijosar-396	146	5	value	value	NOUN
ijosar-396	146	6	is	be	AUX
ijosar-396	146	7	greater	great	ADJ
ijosar-396	146	8	than	than	ADP
ijosar-396	146	9	2	2	NUM
ijosar-396	146	10	in	in	ADP
ijosar-396	146	11	absolute	absolute	ADJ
ijosar-396	146	12	sense	sense	NOUN
ijosar-396	146	13	,	,	PUNCT
ijosar-396	146	14	we	we	PRON
ijosar-396	146	15	reject	reject	VERB
ijosar-396	146	16	the	the	DET
ijosar-396	146	17	hull	hull	NOUN
ijosar-396	146	18	hypothesis	hypothesis	NOUN
ijosar-396	146	19	at	at	ADP
ijosar-396	146	20	5	5	NUM
ijosar-396	146	21	%	%	NOUN
ijosar-396	146	22	level	level	NOUN
ijosar-396	146	23	of	of	ADP
ijosar-396	146	24	significance	significance	NOUN
ijosar-396	146	25	using	use	VERB
ijosar-396	146	26	the	the	DET
ijosar-396	146	27	2	2	NUM
ijosar-396	146	28	t	t	NOUN
ijosar-396	146	29	rule	rule	NOUN
ijosar-396	146	30	of	of	ADP
ijosar-396	146	31	thumb	thumb	NOUN
ijosar-396	146	32	.	.	PUNCT
ijosar-396	147	1	this	this	PRON
ijosar-396	147	2	means	mean	VERB
ijosar-396	147	3	that	that	SCONJ
ijosar-396	147	4	exchange	exchange	NOUN
ijosar-396	147	5	rate	rate	NOUN
ijosar-396	147	6	statistically	statistically	ADV
ijosar-396	147	7	significantly	significantly	ADV
ijosar-396	147	8	affects	affect	VERB
ijosar-396	147	9	stock	stock	NOUN
ijosar-396	147	10	market	market	NOUN
ijosar-396	147	11	capitalization	capitalization	NOUN
ijosar-396	147	12	growth	growth	NOUN
ijosar-396	147	13	in	in	ADP
ijosar-396	147	14	nigeria	nigeria	PROPN
ijosar-396	147	15	.	.	PUNCT
ijosar-396	148	1	specifically	specifically	ADV
ijosar-396	148	2	a	a	DET
ijosar-396	148	3	unit	unit	NOUN
ijosar-396	148	4	increase	increase	NOUN
ijosar-396	148	5	in	in	ADP
ijosar-396	148	6	exchange	exchange	NOUN
ijosar-396	148	7	rate	rate	NOUN
ijosar-396	148	8	will	will	AUX
ijosar-396	148	9	on	on	ADP
ijosar-396	148	10	average	average	ADJ
ijosar-396	148	11	decrease	decrease	NOUN
ijosar-396	148	12	stock	stock	NOUN
ijosar-396	148	13	market	market	NOUN
ijosar-396	148	14	capitalization	capitalization	NOUN
ijosar-396	148	15	growth	growth	NOUN
ijosar-396	148	16	by	by	ADP
ijosar-396	148	17	-61956.62	-61956.62	NOUN
ijosar-396	148	18	ceteris	ceteris	NOUN
ijosar-396	148	19	paribus	paribus	NOUN
ijosar-396	148	20	.	.	PUNCT
ijosar-396	149	1	the	the	DET
ijosar-396	149	2	negative	negative	ADJ
ijosar-396	149	3	sign	sign	NOUN
ijosar-396	149	4	of	of	ADP
ijosar-396	149	5	exchange	exchange	NOUN
ijosar-396	149	6	rate	rate	NOUN
ijosar-396	149	7	validates	validate	VERB
ijosar-396	149	8	the	the	DET
ijosar-396	149	9	unfavorable	unfavorable	ADJ
ijosar-396	149	10	side	side	NOUN
ijosar-396	149	11	of	of	ADP
ijosar-396	149	12	‟demandsupply	‟demandsupply	NOUN
ijosar-396	149	13	theory	theory	NOUN
ijosar-396	149	14	”	"	PUNCT
ijosar-396	149	15	,	,	PUNCT
ijosar-396	149	16	this	this	DET
ijosar-396	149	17	effect	effect	NOUN
ijosar-396	149	18	can	can	AUX
ijosar-396	149	19	only	only	ADV
ijosar-396	149	20	be	be	AUX
ijosar-396	149	21	correct	correct	ADJ
ijosar-396	149	22	by	by	ADP
ijosar-396	149	23	checkmating	checkmate	VERB
ijosar-396	149	24	all	all	DET
ijosar-396	149	25	the	the	DET
ijosar-396	149	26	variables	variable	NOUN
ijosar-396	149	27	that	that	PRON
ijosar-396	149	28	are	be	AUX
ijosar-396	149	29	affected	affect	VERB
ijosar-396	149	30	domestically	domestically	ADV
ijosar-396	149	31	.	.	PUNCT
ijosar-396	150	1	the	the	DET
ijosar-396	150	2	coefficient	coefficient	NOUN
ijosar-396	150	3	of	of	ADP
ijosar-396	150	4	bop	bop	NOUN
ijosar-396	150	5	is	be	AUX
ijosar-396	150	6	10.92668	10.92668	NUM
ijosar-396	150	7	with	with	ADP
ijosar-396	150	8	a	a	DET
ijosar-396	150	9	t	t	NOUN
ijosar-396	150	10	-	-	PUNCT
ijosar-396	150	11	value	value	NOUN
ijosar-396	150	12	of	of	ADP
ijosar-396	150	13	4.73390	4.73390	NUM
ijosar-396	150	14	.	.	PUNCT
ijosar-396	151	1	since	since	SCONJ
ijosar-396	151	2	the	the	DET
ijosar-396	151	3	t	t	NOUN
ijosar-396	151	4	-	-	PUNCT
ijosar-396	151	5	value	value	NOUN
ijosar-396	151	6	is	be	AUX
ijosar-396	151	7	greater	great	ADJ
ijosar-396	151	8	than	than	ADP
ijosar-396	151	9	2	2	NUM
ijosar-396	151	10	in	in	ADP
ijosar-396	151	11	absolute	absolute	ADJ
ijosar-396	151	12	sense	sense	NOUN
ijosar-396	151	13	,	,	PUNCT
ijosar-396	151	14	we	we	PRON
ijosar-396	151	15	reject	reject	VERB
ijosar-396	151	16	the	the	DET
ijosar-396	151	17	hull	hull	NOUN
ijosar-396	151	18	hypothesis	hypothesis	NOUN
ijosar-396	151	19	at	at	ADP
ijosar-396	151	20	5	5	NUM
ijosar-396	151	21	%	%	NOUN
ijosar-396	151	22	level	level	NOUN
ijosar-396	151	23	of	of	ADP
ijosar-396	151	24	significance	significance	NOUN
ijosar-396	151	25	using	use	VERB
ijosar-396	151	26	the	the	DET
ijosar-396	151	27	2	2	NUM
ijosar-396	151	28	-	-	PUNCT
ijosar-396	151	29	t	t	NOUN
ijosar-396	151	30	rule	rule	NOUN
ijosar-396	151	31	of	of	ADP
ijosar-396	151	32	thumb	thumb	NOUN
ijosar-396	151	33	.	.	PUNCT
ijosar-396	152	1	this	this	PRON
ijosar-396	152	2	means	mean	VERB
ijosar-396	152	3	that	that	SCONJ
ijosar-396	152	4	balance	balance	NOUN
ijosar-396	152	5	of	of	ADP
ijosar-396	152	6	payment	payment	NOUN
ijosar-396	152	7	statistically	statistically	ADV
ijosar-396	152	8	significantly	significantly	ADV
ijosar-396	152	9	affects	affect	VERB
ijosar-396	152	10	stock	stock	NOUN
ijosar-396	152	11	market	market	NOUN
ijosar-396	152	12	capitalization	capitalization	NOUN
ijosar-396	152	13	growth	growth	NOUN
ijosar-396	152	14	in	in	ADP
ijosar-396	152	15	nigeria	nigeria	PROPN
ijosar-396	152	16	.	.	PUNCT
ijosar-396	153	1	specifically	specifically	ADV
ijosar-396	153	2	a	a	DET
ijosar-396	153	3	unit	unit	NOUN
ijosar-396	153	4	increase	increase	NOUN
ijosar-396	153	5	in	in	ADP
ijosar-396	153	6	exchange	exchange	NOUN
ijosar-396	153	7	rate	rate	NOUN
ijosar-396	153	8	will	will	AUX
ijosar-396	153	9	on	on	ADP
ijosar-396	153	10	average	average	ADJ
ijosar-396	153	11	increase	increase	NOUN
ijosar-396	153	12	stock	stock	NOUN
ijosar-396	153	13	market	market	NOUN
ijosar-396	153	14	capitalization	capitalization	NOUN
ijosar-396	153	15	growth	growth	NOUN
ijosar-396	153	16	by	by	ADP
ijosar-396	153	17	10.92668	10.92668	NUM
ijosar-396	153	18	ceteris	ceteris	NOUN
ijosar-396	153	19	paribus	paribus	NOUN
ijosar-396	153	20	.	.	PUNCT
ijosar-396	154	1	the	the	DET
ijosar-396	154	2	positive	positive	ADJ
ijosar-396	154	3	sign	sign	NOUN
ijosar-396	154	4	of	of	ADP
ijosar-396	154	5	the	the	DET
ijosar-396	154	6	balance	balance	NOUN
ijosar-396	154	7	of	of	ADP
ijosar-396	154	8	payment	payment	NOUN
ijosar-396	154	9	is	be	AUX
ijosar-396	154	10	unrealistic	unrealistic	ADJ
ijosar-396	154	11	in	in	ADP
ijosar-396	154	12	nigeria	nigeria	PROPN
ijosar-396	154	13	,	,	PUNCT
ijosar-396	154	14	in	in	ADP
ijosar-396	154	15	the	the	DET
ijosar-396	154	16	sense	sense	NOUN
ijosar-396	154	17	that	that	SCONJ
ijosar-396	154	18	both	both	CCONJ
ijosar-396	154	19	foreign	foreign	ADJ
ijosar-396	154	20	direct	direct	ADJ
ijosar-396	154	21	investment	investment	NOUN
ijosar-396	154	22	and	and	CCONJ
ijosar-396	154	23	exchange	exchange	NOUN
ijosar-396	154	24	rate	rate	NOUN
ijosar-396	154	25	is	be	AUX
ijosar-396	154	26	negative	negative	ADJ
ijosar-396	154	27	,	,	PUNCT
ijosar-396	154	28	it	it	PRON
ijosar-396	154	29	will	will	AUX
ijosar-396	154	30	be	be	AUX
ijosar-396	154	31	actualize	actualize	VERB
ijosar-396	154	32	if	if	SCONJ
ijosar-396	154	33	only	only	ADV
ijosar-396	154	34	the	the	DET
ijosar-396	154	35	government	government	NOUN
ijosar-396	154	36	can	can	AUX
ijosar-396	154	37	diversify	diversify	VERB
ijosar-396	154	38	the	the	DET
ijosar-396	154	39	production	production	NOUN
ijosar-396	154	40	system	system	NOUN
ijosar-396	154	41	,	,	PUNCT
ijosar-396	154	42	in	in	ADP
ijosar-396	154	43	a	a	DET
ijosar-396	154	44	way	way	NOUN
ijosar-396	154	45	that	that	PRON
ijosar-396	154	46	export	export	NOUN
ijosar-396	154	47	will	will	AUX
ijosar-396	154	48	exceed	exceed	VERB
ijosar-396	154	49	import	import	NOUN
ijosar-396	154	50	.	.	PUNCT
ijosar-396	155	1	r	r	X
ijosar-396	155	2	-	-	PUNCT
ijosar-396	155	3	squared	square	VERB
ijosar-396	155	4	measures	measure	NOUN
ijosar-396	155	5	the	the	DET
ijosar-396	155	6	percentage	percentage	NOUN
ijosar-396	155	7	of	of	ADP
ijosar-396	155	8	the	the	DET
ijosar-396	155	9	total	total	ADJ
ijosar-396	155	10	variation	variation	NOUN
ijosar-396	155	11	in	in	ADP
ijosar-396	155	12	the	the	DET
ijosar-396	155	13	dependent	dependent	ADJ
ijosar-396	155	14	variable	variable	NOUN
ijosar-396	155	15	that	that	PRON
ijosar-396	155	16	is	be	AUX
ijosar-396	155	17	explained	explain	VERB
ijosar-396	155	18	by	by	ADP
ijosar-396	155	19	the	the	DET
ijosar-396	155	20	explanatory	explanatory	ADJ
ijosar-396	155	21	variables	variable	NOUN
ijosar-396	155	22	.	.	PUNCT
ijosar-396	156	1	in	in	ADP
ijosar-396	156	2	the	the	DET
ijosar-396	156	3	model	model	NOUN
ijosar-396	156	4	,	,	PUNCT
ijosar-396	156	5	the	the	DET
ijosar-396	156	6	total	total	ADJ
ijosar-396	156	7	variation	variation	NOUN
ijosar-396	156	8	in	in	ADP
ijosar-396	156	9	smcg	smcg	NOUN
ijosar-396	156	10	jointly	jointly	ADV
ijosar-396	156	11	explained	explain	VERB
ijosar-396	156	12	by	by	ADP
ijosar-396	156	13	the	the	DET
ijosar-396	156	14	variations	variation	NOUN
ijosar-396	156	15	in	in	ADP
ijosar-396	156	16	to	to	ADP
ijosar-396	156	17	,	,	PUNCT
ijosar-396	156	18	fdi	fdi	PROPN
ijosar-396	156	19	,	,	PUNCT
ijosar-396	156	20	exr	exr	PROPN
ijosar-396	156	21	and	and	CCONJ
ijosar-396	156	22	bop	bop	NOUN
ijosar-396	156	23	is	be	AUX
ijosar-396	156	24	32.11	32.11	NUM
ijosar-396	156	25	%	%	NOUN
ijosar-396	156	26	.	.	PUNCT
ijosar-396	157	1	this	this	PRON
ijosar-396	157	2	means	mean	VERB
ijosar-396	157	3	that	that	SCONJ
ijosar-396	157	4	the	the	DET
ijosar-396	157	5	explanatory	explanatory	ADJ
ijosar-396	157	6	variables	variable	NOUN
ijosar-396	157	7	are	be	AUX
ijosar-396	157	8	able	able	ADJ
ijosar-396	157	9	to	to	PART
ijosar-396	157	10	explain	explain	VERB
ijosar-396	157	11	close	close	ADV
ijosar-396	157	12	to	to	PART
ijosar-396	157	13	optimum	optimum	ADJ
ijosar-396	157	14	total	total	ADJ
ijosar-396	157	15	variations	variation	NOUN
ijosar-396	157	16	in	in	ADP
ijosar-396	157	17	the	the	DET
ijosar-396	157	18	dependent	dependent	ADJ
ijosar-396	157	19	variable	variable	NOUN
ijosar-396	157	20	.	.	PUNCT
ijosar-396	158	1	adjusted	adjust	VERB
ijosar-396	158	2	r	r	NOUN
ijosar-396	158	3	-	-	PUNCT
ijosar-396	158	4	squared	square	VERB
ijosar-396	158	5	penalizes	penalize	NOUN
ijosar-396	158	6	the	the	DET
ijosar-396	158	7	model	model	NOUN
ijosar-396	158	8	for	for	ADP
ijosar-396	158	9	introducing	introduce	VERB
ijosar-396	158	10	unimportant	unimportant	ADJ
ijosar-396	158	11	variables	variable	NOUN
ijosar-396	158	12	.	.	PUNCT
ijosar-396	159	1	from	from	ADP
ijosar-396	159	2	the	the	DET
ijosar-396	159	3	model	model	NOUN
ijosar-396	159	4	above	above	ADV
ijosar-396	159	5	,	,	PUNCT
ijosar-396	159	6	the	the	DET
ijosar-396	159	7	r2	r2	NOUN
ijosar-396	159	8	adjusted	adjust	VERB
ijosar-396	159	9	penalizes	penalize	NOUN
ijosar-396	159	10	the	the	DET
ijosar-396	159	11	model	model	NOUN
ijosar-396	159	12	by	by	ADP
ijosar-396	159	13	decreasing	decrease	VERB
ijosar-396	159	14	from	from	ADP
ijosar-396	159	15	32.11	32.11	NUM
ijosar-396	159	16	%	%	NOUN
ijosar-396	159	17	to	to	ADP
ijosar-396	159	18	17.55	17.55	NUM
ijosar-396	159	19	%	%	NOUN
ijosar-396	159	20	.	.	PUNCT
ijosar-396	160	1	interpretation	interpretation	NOUN
ijosar-396	160	2	of	of	ADP
ijosar-396	160	3	vector	vector	NOUN
ijosar-396	160	4	error	error	NOUN
ijosar-396	160	5	correction	correction	NOUN
ijosar-396	160	6	term	term	NOUN
ijosar-396	160	7	:	:	PUNCT
ijosar-396	160	8	scmgt=	scmgt=	NUM
ijosar-396	160	9	0.254556ectt-1	0.254556ectt-1	NOUN
ijosar-396	160	10	0.307988	0.307988	PROPN
ijosar-396	160	11	scmgt-1186483.0	scmgt-1186483.0	PROPN
ijosar-396	160	12	to	to	ADP
ijosar-396	160	13	t-1	t-1	PROPN
ijosar-396	160	14	+	+	CCONJ
ijosar-396	160	15	0.002058	0.002058	NUM
ijosar-396	160	16	fdi	fdi	PROPN
ijosar-396	160	17	t-1	t-1	PROPN
ijosar-396	160	18	+	+	CCONJ
ijosar-396	160	19	37955.04	37955.04	NUM
ijosar-396	160	20	exr	exr	X
ijosar-396	160	21	t-1	t-1	PROPN
ijosar-396	160	22	3.256091	3.256091	NUM
ijosar-396	160	23	bop	bop	NOUN
ijosar-396	160	24	t-1	t-1	PROPN
ijosar-396	160	25	+	+	CCONJ
ijosar-396	160	26	703392.8	703392.8	NUM
ijosar-396	160	27	the	the	DET
ijosar-396	160	28	coefficient	coefficient	NOUN
ijosar-396	160	29	of	of	ADP
ijosar-396	160	30	the	the	DET
ijosar-396	160	31	ectt-1	ectt-1	PROPN
ijosar-396	160	32	indicates	indicate	VERB
ijosar-396	160	33	that	that	SCONJ
ijosar-396	160	34	57.1	57.1	NUM
ijosar-396	160	35	%	%	NOUN
ijosar-396	160	36	of	of	ADP
ijosar-396	160	37	the	the	DET
ijosar-396	160	38	disequilibrium	disequilibrium	NOUN
ijosar-396	160	39	in	in	ADP
ijosar-396	160	40	the	the	DET
ijosar-396	160	41	model	model	NOUN
ijosar-396	160	42	will	will	AUX
ijosar-396	160	43	be	be	AUX
ijosar-396	160	44	corrected	correct	VERB
ijosar-396	160	45	annually	annually	ADV
ijosar-396	160	46	.	.	PUNCT
ijosar-396	161	1	in	in	ADP
ijosar-396	161	2	other	other	ADJ
ijosar-396	161	3	words	word	NOUN
ijosar-396	161	4	,	,	PUNCT
ijosar-396	161	5	26	26	NUM
ijosar-396	161	6	%	%	NOUN
ijosar-396	161	7	of	of	ADP
ijosar-396	161	8	disequilibrium	disequilibrium	NOUN
ijosar-396	161	9	in	in	ADP
ijosar-396	161	10	the	the	DET
ijosar-396	161	11	short	short	ADJ
ijosar-396	161	12	run	run	NOUN
ijosar-396	161	13	will	will	AUX
ijosar-396	161	14	be	be	AUX
ijosar-396	161	15	corrected	correct	VERB
ijosar-396	161	16	in	in	ADP
ijosar-396	161	17	the	the	DET
ijosar-396	161	18	long	long	ADJ
ijosar-396	161	19	run	run	NOUN
ijosar-396	161	20	.	.	PUNCT
ijosar-396	162	1	the	the	DET
ijosar-396	162	2	speed	speed	NOUN
ijosar-396	162	3	of	of	ADP
ijosar-396	162	4	adjustment	adjustment	NOUN
ijosar-396	162	5	indicates	indicate	VERB
ijosar-396	162	6	that	that	SCONJ
ijosar-396	162	7	the	the	DET
ijosar-396	162	8	model	model	NOUN
ijosar-396	162	9	will	will	AUX
ijosar-396	162	10	converge	converge	VERB
ijosar-396	162	11	completely	completely	ADV
ijosar-396	162	12	to	to	ADP
ijosar-396	162	13	its	its	PRON
ijosar-396	162	14	equilibrium	equilibrium	NOUN
ijosar-396	162	15	system	system	NOUN
ijosar-396	162	16	in	in	ADP
ijosar-396	162	17	2.73	2.73	NUM
ijosar-396	162	18	years	year	NOUN
ijosar-396	162	19	.	.	PUNCT
ijosar-396	163	1	the	the	DET
ijosar-396	163	2	significance	significance	NOUN
ijosar-396	163	3	result	result	NOUN
ijosar-396	163	4	of	of	ADP
ijosar-396	163	5	ecm	ecm	PROPN
ijosar-396	163	6	indicates	indicate	VERB
ijosar-396	163	7	that	that	SCONJ
ijosar-396	163	8	speed	speed	NOUN
ijosar-396	163	9	of	of	ADP
ijosar-396	163	10	adjustment	adjustment	NOUN
ijosar-396	163	11	will	will	AUX
ijosar-396	163	12	be	be	AUX
ijosar-396	163	13	very	very	ADV
ijosar-396	163	14	fast	fast	ADJ
ijosar-396	163	15	.	.	PUNCT
ijosar-396	164	1	this	this	DET
ijosar-396	164	2	result	result	NOUN
ijosar-396	164	3	is	be	AUX
ijosar-396	164	4	shown	show	VERB
ijosar-396	164	5	in	in	ADP
ijosar-396	164	6	the	the	DET
ijosar-396	164	7	appendix	appendix	ADJ
ijosar-396	164	8	index	index	NOUN
ijosar-396	164	9	.	.	PUNCT
ijosar-396	165	1	ijointernational	ijointernational	ADJ
ijosar-396	165	2	journal	journal	NOUN
ijosar-396	165	3	of	of	ADP
ijosar-396	165	4	social	social	ADJ
ijosar-396	165	5	science	science	NOUN
ijosar-396	165	6	and	and	CCONJ
ijosar-396	165	7	humanities	humanity	NOUN
ijosar-396	165	8	research	research	NOUN
ijosar-396	165	9	volume	volume	NOUN
ijosar-396	165	10	3|	3|	NUM
ijosar-396	165	11	issue	issue	NOUN
ijosar-396	165	12	12|	12|	NUM
ijosar-396	165	13	december	december	PROPN
ijosar-396	165	14	|	|	NOUN
ijosar-396	165	15	2020	2020	NUM
ijosar-396	165	16	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	165	17	29	29	NUM
ijosar-396	165	18	the	the	DET
ijosar-396	165	19	optimum	optimum	ADJ
ijosar-396	165	20	lag	lag	NOUN
ijosar-396	165	21	length	length	NOUN
ijosar-396	165	22	of	of	ADP
ijosar-396	165	23	11	11	NUM
ijosar-396	165	24	was	be	AUX
ijosar-396	165	25	selected	select	VERB
ijosar-396	165	26	based	base	VERB
ijosar-396	165	27	on	on	ADP
ijosar-396	165	28	aic	aic	PROPN
ijosar-396	165	29	and	and	CCONJ
ijosar-396	165	30	sbc	sbc	PROPN
ijosar-396	165	31	information	information	NOUN
ijosar-396	165	32	criteria	criterion	NOUN
ijosar-396	165	33	for	for	ADP
ijosar-396	165	34	all	all	DET
ijosar-396	165	35	ecm	ecm	NOUN
ijosar-396	165	36	estimate	estimate	VERB
ijosar-396	165	37	above	above	ADV
ijosar-396	165	38	.	.	PUNCT
ijosar-396	166	1	this	this	PRON
ijosar-396	166	2	means	mean	VERB
ijosar-396	166	3	that	that	SCONJ
ijosar-396	166	4	the	the	DET
ijosar-396	166	5	convergence	convergence	NOUN
ijosar-396	166	6	between	between	ADP
ijosar-396	166	7	the	the	DET
ijosar-396	166	8	variables	variable	NOUN
ijosar-396	166	9	is	be	AUX
ijosar-396	166	10	not	not	PART
ijosar-396	166	11	instantaneous	instantaneous	ADJ
ijosar-396	166	12	.	.	PUNCT
ijosar-396	167	1	granger	granger	PROPN
ijosar-396	167	2	causality	causality	PROPN
ijosar-396	167	3	test	test	NOUN
ijosar-396	167	4	granger	granger	PROPN
ijosar-396	167	5	causality	causality	PROPN
ijosar-396	167	6	test	test	NOUN
ijosar-396	167	7	shows	show	VERB
ijosar-396	167	8	that	that	SCONJ
ijosar-396	167	9	,	,	PUNCT
ijosar-396	167	10	there	there	PRON
ijosar-396	167	11	is	be	VERB
ijosar-396	167	12	unidirectional	unidirectional	ADJ
ijosar-396	167	13	causality	causality	NOUN
ijosar-396	167	14	running	run	VERB
ijosar-396	167	15	from	from	ADP
ijosar-396	167	16	trade	trade	NOUN
ijosar-396	167	17	openness	openness	NOUN
ijosar-396	167	18	,	,	PUNCT
ijosar-396	167	19	foreign	foreign	ADJ
ijosar-396	167	20	direct	direct	ADJ
ijosar-396	167	21	investment	investment	NOUN
ijosar-396	167	22	,	,	PUNCT
ijosar-396	167	23	exchange	exchange	NOUN
ijosar-396	167	24	rate	rate	NOUN
ijosar-396	167	25	and	and	CCONJ
ijosar-396	167	26	balance	balance	NOUN
ijosar-396	167	27	of	of	ADP
ijosar-396	167	28	payment	payment	NOUN
ijosar-396	167	29	to	to	ADP
ijosar-396	167	30	stock	stock	NOUN
ijosar-396	167	31	market	market	NOUN
ijosar-396	167	32	capitalization	capitalization	NOUN
ijosar-396	167	33	growth	growth	NOUN
ijosar-396	167	34	as	as	ADP
ijosar-396	167	35	a	a	DET
ijosar-396	167	36	result	result	NOUN
ijosar-396	167	37	of	of	ADP
ijosar-396	167	38	the	the	DET
ijosar-396	167	39	one	one	NUM
ijosar-396	167	40	way	way	NOUN
ijosar-396	167	41	significant	significant	ADJ
ijosar-396	167	42	p	p	NOUN
ijosar-396	167	43	-	-	PUNCT
ijosar-396	167	44	value	value	NOUN
ijosar-396	167	45	of	of	ADP
ijosar-396	167	46	f	f	NOUN
ijosar-396	167	47	-	-	PUNCT
ijosar-396	167	48	statistic	statistic	NOUN
ijosar-396	167	49	(	(	PUNCT
ijosar-396	167	50	0.0786	0.0786	NUM
ijosar-396	167	51	,	,	PUNCT
ijosar-396	167	52	0.0005	0.0005	NUM
ijosar-396	167	53	)	)	PUNCT
ijosar-396	167	54	,	,	PUNCT
ijosar-396	167	55	(	(	PUNCT
ijosar-396	167	56	0.7237,0.0013),(0.3197	0.7237,0.0013),(0.3197	NUM
ijosar-396	167	57	,	,	PUNCT
ijosar-396	167	58	0.0274	0.0274	NUM
ijosar-396	167	59	)	)	PUNCT
ijosar-396	167	60	and	and	CCONJ
ijosar-396	167	61	(	(	PUNCT
ijosar-396	167	62	0.0020,0.6379	0.0020,0.6379	NUM
ijosar-396	167	63	)	)	PUNCT
ijosar-396	167	64	.	.	PUNCT
ijosar-396	168	1	therefore	therefore	ADV
ijosar-396	168	2	,	,	PUNCT
ijosar-396	168	3	we	we	PRON
ijosar-396	168	4	accept	accept	VERB
ijosar-396	168	5	alternative	alternative	ADJ
ijosar-396	168	6	-	-	PUNCT
ijosar-396	168	7	hypothesis	hypothesis	NOUN
ijosar-396	168	8	and	and	CCONJ
ijosar-396	168	9	conclude	conclude	VERB
ijosar-396	168	10	that	that	SCONJ
ijosar-396	168	11	trade	trade	NOUN
ijosar-396	168	12	openness	openness	NOUN
ijosar-396	168	13	,	,	PUNCT
ijosar-396	168	14	foreign	foreign	ADJ
ijosar-396	168	15	direct	direct	ADJ
ijosar-396	168	16	investment	investment	NOUN
ijosar-396	168	17	,	,	PUNCT
ijosar-396	168	18	exchange	exchange	NOUN
ijosar-396	168	19	rate	rate	NOUN
ijosar-396	168	20	and	and	CCONJ
ijosar-396	168	21	balance	balance	NOUN
ijosar-396	168	22	of	of	ADP
ijosar-396	168	23	payment	payment	NOUN
ijosar-396	168	24	have	have	VERB
ijosar-396	168	25	significant	significant	ADJ
ijosar-396	168	26	effect	effect	NOUN
ijosar-396	168	27	on	on	ADP
ijosar-396	168	28	stock	stock	NOUN
ijosar-396	168	29	market	market	NOUN
ijosar-396	168	30	capitalization	capitalization	NOUN
ijosar-396	168	31	growth	growth	NOUN
ijosar-396	168	32	.	.	PUNCT
ijosar-396	169	1	5	5	X
ijosar-396	169	2	.	.	X
ijosar-396	169	3	summary	summary	NOUN
ijosar-396	169	4	,	,	PUNCT
ijosar-396	169	5	conclusion	conclusion	NOUN
ijosar-396	169	6	and	and	CCONJ
ijosar-396	169	7	recommendations	recommendation	NOUN
ijosar-396	169	8	nigeria	nigeria	PRON
ijosar-396	169	9	has	have	AUX
ijosar-396	169	10	over	over	ADP
ijosar-396	169	11	the	the	DET
ijosar-396	169	12	years	year	NOUN
ijosar-396	169	13	experienced	experience	VERB
ijosar-396	169	14	numerous	numerous	ADJ
ijosar-396	169	15	challenges	challenge	NOUN
ijosar-396	169	16	such	such	ADJ
ijosar-396	169	17	as	as	ADP
ijosar-396	169	18	exchange	exchange	NOUN
ijosar-396	169	19	rate	rate	NOUN
ijosar-396	169	20	fluctuations	fluctuation	NOUN
ijosar-396	169	21	,	,	PUNCT
ijosar-396	169	22	collapse	collapse	NOUN
ijosar-396	169	23	in	in	ADP
ijosar-396	169	24	the	the	DET
ijosar-396	169	25	stock	stock	NOUN
ijosar-396	169	26	market	market	NOUN
ijosar-396	169	27	price	price	NOUN
ijosar-396	169	28	among	among	ADP
ijosar-396	169	29	others	other	NOUN
ijosar-396	169	30	.	.	PUNCT
ijosar-396	170	1	it	it	PRON
ijosar-396	170	2	is	be	AUX
ijosar-396	170	3	on	on	ADP
ijosar-396	170	4	this	this	DET
ijosar-396	170	5	basis	basis	NOUN
ijosar-396	170	6	that	that	SCONJ
ijosar-396	170	7	this	this	DET
ijosar-396	170	8	study	study	NOUN
ijosar-396	170	9	analyzed	analyze	VERB
ijosar-396	170	10	the	the	DET
ijosar-396	170	11	effect	effect	NOUN
ijosar-396	170	12	of	of	ADP
ijosar-396	170	13	trade	trade	NOUN
ijosar-396	170	14	openness	openness	NOUN
ijosar-396	170	15	and	and	CCONJ
ijosar-396	170	16	exchange	exchange	NOUN
ijosar-396	170	17	rate	rate	NOUN
ijosar-396	170	18	on	on	ADP
ijosar-396	170	19	stock	stock	NOUN
ijosar-396	170	20	market	market	NOUN
ijosar-396	170	21	capitalization	capitalization	NOUN
ijosar-396	170	22	growth	growth	NOUN
ijosar-396	170	23	in	in	ADP
ijosar-396	170	24	nigeria	nigeria	PROPN
ijosar-396	170	25	from	from	ADP
ijosar-396	170	26	1981	1981	NUM
ijosar-396	170	27	to	to	ADP
ijosar-396	170	28	2017	2017	NUM
ijosar-396	170	29	.	.	PUNCT
ijosar-396	171	1	following	follow	VERB
ijosar-396	171	2	an	an	DET
ijosar-396	171	3	extensive	extensive	ADJ
ijosar-396	171	4	review	review	NOUN
ijosar-396	171	5	of	of	ADP
ijosar-396	171	6	theoretical	theoretical	ADJ
ijosar-396	171	7	and	and	CCONJ
ijosar-396	171	8	empirical	empirical	ADJ
ijosar-396	171	9	literatures	literature	NOUN
ijosar-396	171	10	,	,	PUNCT
ijosar-396	171	11	the	the	DET
ijosar-396	171	12	study	study	NOUN
ijosar-396	171	13	estimated	estimate	VERB
ijosar-396	171	14	a	a	DET
ijosar-396	171	15	vector	vector	NOUN
ijosar-396	171	16	error	error	NOUN
ijosar-396	171	17	correction	correction	NOUN
ijosar-396	171	18	model	model	NOUN
ijosar-396	171	19	with	with	ADP
ijosar-396	171	20	stock	stock	NOUN
ijosar-396	171	21	market	market	NOUN
ijosar-396	171	22	capitalization	capitalization	NOUN
ijosar-396	171	23	growth	growth	NOUN
ijosar-396	171	24	as	as	ADP
ijosar-396	171	25	the	the	DET
ijosar-396	171	26	dependent	dependent	ADJ
ijosar-396	171	27	variable	variable	NOUN
ijosar-396	171	28	and	and	CCONJ
ijosar-396	171	29	trade	trade	NOUN
ijosar-396	171	30	openness	openness	NOUN
ijosar-396	171	31	,	,	PUNCT
ijosar-396	171	32	foreign	foreign	ADJ
ijosar-396	171	33	direct	direct	ADJ
ijosar-396	171	34	investment	investment	NOUN
ijosar-396	171	35	,	,	PUNCT
ijosar-396	171	36	exchange	exchange	NOUN
ijosar-396	171	37	rate	rate	NOUN
ijosar-396	171	38	and	and	CCONJ
ijosar-396	171	39	balance	balance	NOUN
ijosar-396	171	40	of	of	ADP
ijosar-396	171	41	payment	payment	NOUN
ijosar-396	171	42	as	as	ADP
ijosar-396	171	43	the	the	DET
ijosar-396	171	44	independent	independent	ADJ
ijosar-396	171	45	variables	variable	NOUN
ijosar-396	171	46	.	.	PUNCT
ijosar-396	172	1	also	also	ADV
ijosar-396	172	2	co	co	NOUN
ijosar-396	172	3	-	-	NOUN
ijosar-396	172	4	integration	integration	NOUN
ijosar-396	172	5	was	be	AUX
ijosar-396	172	6	used	use	VERB
ijosar-396	172	7	to	to	PART
ijosar-396	172	8	examine	examine	VERB
ijosar-396	172	9	the	the	DET
ijosar-396	172	10	long	long	ADV
ijosar-396	172	11	-	-	PUNCT
ijosar-396	172	12	run	run	NOUN
ijosar-396	172	13	effect	effect	NOUN
ijosar-396	172	14	and	and	CCONJ
ijosar-396	172	15	granger	granger	PROPN
ijosar-396	172	16	causality	causality	PROPN
ijosar-396	172	17	test	test	NOUN
ijosar-396	172	18	to	to	PART
ijosar-396	172	19	examine	examine	VERB
ijosar-396	172	20	the	the	DET
ijosar-396	172	21	exact	exact	ADJ
ijosar-396	172	22	causal	causal	ADJ
ijosar-396	172	23	relationship	relationship	NOUN
ijosar-396	172	24	.	.	PUNCT
ijosar-396	173	1	the	the	DET
ijosar-396	173	2	findings	finding	NOUN
ijosar-396	173	3	of	of	ADP
ijosar-396	173	4	the	the	DET
ijosar-396	173	5	study	study	NOUN
ijosar-396	173	6	capturing	capture	VERB
ijosar-396	173	7	both	both	CCONJ
ijosar-396	173	8	the	the	DET
ijosar-396	173	9	short	short	ADJ
ijosar-396	173	10	-	-	PUNCT
ijosar-396	173	11	run	run	NOUN
ijosar-396	173	12	and	and	CCONJ
ijosar-396	173	13	long	long	ADV
ijosar-396	173	14	-	-	PUNCT
ijosar-396	173	15	run	run	NOUN
ijosar-396	173	16	are	be	AUX
ijosar-396	173	17	hereby	hereby	ADV
ijosar-396	173	18	stated	state	VERB
ijosar-396	173	19	for	for	ADP
ijosar-396	173	20	better	well	ADJ
ijosar-396	173	21	policy	policy	NOUN
ijosar-396	173	22	guidance	guidance	NOUN
ijosar-396	173	23	.	.	PUNCT
ijosar-396	174	1	trade	trade	NOUN
ijosar-396	174	2	openness	openness	NOUN
ijosar-396	174	3	was	be	AUX
ijosar-396	174	4	observed	observe	VERB
ijosar-396	174	5	to	to	PART
ijosar-396	174	6	be	be	AUX
ijosar-396	174	7	significant	significant	ADJ
ijosar-396	174	8	to	to	ADP
ijosar-396	174	9	stock	stock	NOUN
ijosar-396	174	10	market	market	NOUN
ijosar-396	174	11	capitalization	capitalization	NOUN
ijosar-396	174	12	growth	growth	NOUN
ijosar-396	174	13	in	in	ADP
ijosar-396	174	14	nigeria	nigeria	PROPN
ijosar-396	174	15	,	,	PUNCT
ijosar-396	174	16	in	in	ADP
ijosar-396	174	17	developed	develop	VERB
ijosar-396	174	18	countries	country	NOUN
ijosar-396	174	19	,	,	PUNCT
ijosar-396	174	20	resources	resource	NOUN
ijosar-396	174	21	from	from	ADP
ijosar-396	174	22	trade	trade	NOUN
ijosar-396	174	23	openness	openness	NOUN
ijosar-396	174	24	such	such	ADJ
ijosar-396	174	25	as	as	ADP
ijosar-396	174	26	export	export	NOUN
ijosar-396	174	27	and	and	CCONJ
ijosar-396	174	28	import	import	NOUN
ijosar-396	174	29	are	be	AUX
ijosar-396	174	30	used	use	VERB
ijosar-396	174	31	to	to	PART
ijosar-396	174	32	develop	develop	VERB
ijosar-396	174	33	sectors	sector	NOUN
ijosar-396	174	34	simultaneously	simultaneously	ADV
ijosar-396	174	35	but	but	CCONJ
ijosar-396	174	36	in	in	ADP
ijosar-396	174	37	less	less	ADV
ijosar-396	174	38	developed	developed	ADJ
ijosar-396	174	39	country	country	NOUN
ijosar-396	174	40	like	like	ADP
ijosar-396	174	41	nigeria	nigeria	PROPN
ijosar-396	174	42	;	;	PUNCT
ijosar-396	174	43	the	the	DET
ijosar-396	174	44	one	one	NUM
ijosar-396	174	45	case	case	NOUN
ijosar-396	174	46	is	be	AUX
ijosar-396	174	47	different	different	ADJ
ijosar-396	174	48	because	because	SCONJ
ijosar-396	174	49	the	the	DET
ijosar-396	174	50	dependency	dependency	NOUN
ijosar-396	174	51	on	on	ADP
ijosar-396	174	52	import	import	NOUN
ijosar-396	174	53	rather	rather	ADV
ijosar-396	174	54	than	than	ADP
ijosar-396	174	55	export	export	NOUN
ijosar-396	174	56	will	will	AUX
ijosar-396	174	57	affect	affect	VERB
ijosar-396	174	58	the	the	DET
ijosar-396	174	59	growth	growth	NOUN
ijosar-396	174	60	of	of	ADP
ijosar-396	174	61	the	the	DET
ijosar-396	174	62	other	other	ADJ
ijosar-396	174	63	sectors	sector	NOUN
ijosar-396	174	64	and	and	CCONJ
ijosar-396	174	65	have	have	VERB
ijosar-396	174	66	negative	negative	ADJ
ijosar-396	174	67	effect	effect	NOUN
ijosar-396	174	68	on	on	ADP
ijosar-396	174	69	stock	stock	NOUN
ijosar-396	174	70	market	market	NOUN
ijosar-396	174	71	capitalization	capitalization	NOUN
ijosar-396	174	72	growth	growth	NOUN
ijosar-396	174	73	.	.	PUNCT
ijosar-396	175	1	foreign	foreign	ADJ
ijosar-396	175	2	direct	direct	ADJ
ijosar-396	175	3	investment	investment	NOUN
ijosar-396	175	4	was	be	AUX
ijosar-396	175	5	observed	observe	VERB
ijosar-396	175	6	to	to	PART
ijosar-396	175	7	be	be	AUX
ijosar-396	175	8	significant	significant	ADJ
ijosar-396	175	9	to	to	ADP
ijosar-396	175	10	growth	growth	NOUN
ijosar-396	175	11	.	.	PUNCT
ijosar-396	176	1	foreign	foreign	ADJ
ijosar-396	176	2	direct	direct	ADJ
ijosar-396	176	3	investment	investment	NOUN
ijosar-396	176	4	has	have	VERB
ijosar-396	176	5	a	a	DET
ijosar-396	176	6	negative	negative	ADJ
ijosar-396	176	7	impact	impact	NOUN
ijosar-396	176	8	on	on	ADP
ijosar-396	176	9	stock	stock	NOUN
ijosar-396	176	10	market	market	NOUN
ijosar-396	176	11	capitalization	capitalization	NOUN
ijosar-396	176	12	growth	growth	NOUN
ijosar-396	176	13	in	in	ADP
ijosar-396	176	14	nigeria	nigeria	PROPN
ijosar-396	176	15	,	,	PUNCT
ijosar-396	176	16	this	this	PRON
ijosar-396	176	17	shows	show	VERB
ijosar-396	176	18	that	that	SCONJ
ijosar-396	176	19	there	there	PRON
ijosar-396	176	20	is	be	VERB
ijosar-396	176	21	a	a	DET
ijosar-396	176	22	negative	negative	ADJ
ijosar-396	176	23	relationship	relationship	NOUN
ijosar-396	176	24	between	between	ADP
ijosar-396	176	25	net	net	ADJ
ijosar-396	176	26	flows	flow	NOUN
ijosar-396	176	27	of	of	ADP
ijosar-396	176	28	foreign	foreign	ADJ
ijosar-396	176	29	direct	direct	ADJ
ijosar-396	176	30	investment	investment	NOUN
ijosar-396	176	31	and	and	CCONJ
ijosar-396	176	32	stock	stock	NOUN
ijosar-396	176	33	market	market	NOUN
ijosar-396	176	34	capitalization	capitalization	NOUN
ijosar-396	176	35	growth	growth	NOUN
ijosar-396	176	36	.	.	PUNCT
ijosar-396	177	1	exchange	exchange	NOUN
ijosar-396	177	2	rate	rate	NOUN
ijosar-396	177	3	was	be	AUX
ijosar-396	177	4	observed	observe	VERB
ijosar-396	177	5	to	to	PART
ijosar-396	177	6	have	have	VERB
ijosar-396	177	7	a	a	DET
ijosar-396	177	8	negative	negative	ADJ
ijosar-396	177	9	impact	impact	NOUN
ijosar-396	177	10	on	on	ADP
ijosar-396	177	11	stock	stock	NOUN
ijosar-396	177	12	market	market	NOUN
ijosar-396	177	13	capitalization	capitalization	NOUN
ijosar-396	177	14	growth	growth	NOUN
ijosar-396	177	15	and	and	CCONJ
ijosar-396	177	16	it	it	PRON
ijosar-396	177	17	is	be	AUX
ijosar-396	177	18	a	a	DET
ijosar-396	177	19	statistically	statistically	ADV
ijosar-396	177	20	significant	significant	ADJ
ijosar-396	177	21	ijointernational	ijointernational	ADJ
ijosar-396	177	22	journal	journal	NOUN
ijosar-396	177	23	of	of	ADP
ijosar-396	177	24	social	social	ADJ
ijosar-396	177	25	science	science	NOUN
ijosar-396	177	26	and	and	CCONJ
ijosar-396	177	27	humanities	humanity	NOUN
ijosar-396	177	28	research	research	NOUN
ijosar-396	177	29	volume	volume	NOUN
ijosar-396	177	30	3|	3|	NUM
ijosar-396	177	31	issue	issue	NOUN
ijosar-396	177	32	12|	12|	NUM
ijosar-396	177	33	december	december	PROPN
ijosar-396	177	34	|	|	NOUN
ijosar-396	177	35	2020	2020	NUM
ijosar-396	177	36	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	177	37	30	30	NUM
ijosar-396	177	38	variable	variable	NOUN
ijosar-396	177	39	affecting	affect	VERB
ijosar-396	177	40	the	the	DET
ijosar-396	177	41	growth	growth	NOUN
ijosar-396	177	42	rate	rate	NOUN
ijosar-396	177	43	of	of	ADP
ijosar-396	177	44	stock	stock	NOUN
ijosar-396	177	45	market	market	NOUN
ijosar-396	177	46	capitalization	capitalization	NOUN
ijosar-396	177	47	growth	growth	NOUN
ijosar-396	177	48	meaning	mean	VERB
ijosar-396	177	49	that	that	SCONJ
ijosar-396	177	50	a	a	DET
ijosar-396	177	51	negative	negative	ADJ
ijosar-396	177	52	relationship	relationship	NOUN
ijosar-396	177	53	exists	exist	VERB
ijosar-396	177	54	between	between	ADP
ijosar-396	177	55	exchange	exchange	NOUN
ijosar-396	177	56	rate	rate	NOUN
ijosar-396	177	57	and	and	CCONJ
ijosar-396	177	58	stock	stock	NOUN
ijosar-396	177	59	market	market	NOUN
ijosar-396	177	60	capitalization	capitalization	NOUN
ijosar-396	177	61	growth	growth	NOUN
ijosar-396	177	62	.	.	PUNCT
ijosar-396	178	1	balance	balance	NOUN
ijosar-396	178	2	of	of	ADP
ijosar-396	178	3	payment	payment	NOUN
ijosar-396	178	4	has	have	VERB
ijosar-396	178	5	a	a	DET
ijosar-396	178	6	positive	positive	ADJ
ijosar-396	178	7	impact	impact	NOUN
ijosar-396	178	8	on	on	ADP
ijosar-396	178	9	stock	stock	NOUN
ijosar-396	178	10	market	market	NOUN
ijosar-396	178	11	capitalization	capitalization	NOUN
ijosar-396	178	12	growth	growth	NOUN
ijosar-396	178	13	and	and	CCONJ
ijosar-396	178	14	it	it	PRON
ijosar-396	178	15	is	be	AUX
ijosar-396	178	16	statistically	statistically	ADV
ijosar-396	178	17	significant	significant	ADJ
ijosar-396	178	18	,	,	PUNCT
ijosar-396	178	19	meaning	mean	VERB
ijosar-396	178	20	that	that	SCONJ
ijosar-396	178	21	in	in	ADP
ijosar-396	178	22	nigeria	nigeria	PROPN
ijosar-396	178	23	,	,	PUNCT
ijosar-396	178	24	a	a	DET
ijosar-396	178	25	positive	positive	ADJ
ijosar-396	178	26	relationship	relationship	NOUN
ijosar-396	178	27	exists	exist	VERB
ijosar-396	178	28	between	between	ADP
ijosar-396	178	29	balance	balance	NOUN
ijosar-396	178	30	of	of	ADP
ijosar-396	178	31	payment	payment	NOUN
ijosar-396	178	32	and	and	CCONJ
ijosar-396	178	33	stock	stock	NOUN
ijosar-396	178	34	market	market	NOUN
ijosar-396	178	35	capitalization	capitalization	NOUN
ijosar-396	178	36	growth	growth	NOUN
ijosar-396	178	37	.	.	PUNCT
ijosar-396	179	1	the	the	DET
ijosar-396	179	2	result	result	NOUN
ijosar-396	179	3	above	above	ADV
ijosar-396	179	4	validates	validate	VERB
ijosar-396	179	5	the	the	DET
ijosar-396	179	6	unfavorable	unfavorable	ADJ
ijosar-396	179	7	side	side	NOUN
ijosar-396	179	8	of	of	ADP
ijosar-396	179	9	‟demand	‟demand	NOUN
ijosar-396	179	10	-	-	PUNCT
ijosar-396	179	11	supply	supply	NOUN
ijosar-396	179	12	theory	theory	NOUN
ijosar-396	179	13	”	"	PUNCT
ijosar-396	179	14	which	which	PRON
ijosar-396	179	15	assert	assert	VERB
ijosar-396	179	16	that	that	SCONJ
ijosar-396	179	17	,	,	PUNCT
ijosar-396	179	18	favorable	favorable	ADJ
ijosar-396	179	19	balance	balance	NOUN
ijosar-396	179	20	of	of	ADP
ijosar-396	179	21	payments	payment	NOUN
ijosar-396	179	22	leads	lead	VERB
ijosar-396	179	23	to	to	ADP
ijosar-396	179	24	an	an	DET
ijosar-396	179	25	appreciation	appreciation	NOUN
ijosar-396	179	26	and	and	CCONJ
ijosar-396	179	27	unfavorable	unfavorable	ADJ
ijosar-396	179	28	balance	balance	NOUN
ijosar-396	179	29	of	of	ADP
ijosar-396	179	30	payments	payment	NOUN
ijosar-396	179	31	causes	cause	VERB
ijosar-396	179	32	depreciation	depreciation	NOUN
ijosar-396	179	33	in	in	ADP
ijosar-396	179	34	the	the	DET
ijosar-396	179	35	external	external	ADJ
ijosar-396	179	36	value	value	NOUN
ijosar-396	179	37	of	of	ADP
ijosar-396	179	38	the	the	DET
ijosar-396	179	39	currency	currency	NOUN
ijosar-396	179	40	of	of	ADP
ijosar-396	179	41	the	the	DET
ijosar-396	179	42	country	country	NOUN
ijosar-396	179	43	.	.	PUNCT
ijosar-396	180	1	also	also	ADV
ijosar-396	180	2	,	,	PUNCT
ijosar-396	180	3	the	the	DET
ijosar-396	180	4	exchange	exchange	NOUN
ijosar-396	180	5	rate	rate	NOUN
ijosar-396	180	6	holds	hold	VERB
ijosar-396	180	7	that	that	SCONJ
ijosar-396	180	8	the	the	DET
ijosar-396	180	9	price	price	NOUN
ijosar-396	180	10	of	of	ADP
ijosar-396	180	11	foreign	foreign	ADJ
ijosar-396	180	12	money	money	NOUN
ijosar-396	180	13	in	in	ADP
ijosar-396	180	14	terms	term	NOUN
ijosar-396	180	15	of	of	ADP
ijosar-396	180	16	domestic	domestic	ADJ
ijosar-396	180	17	money	money	NOUN
ijosar-396	180	18	is	be	AUX
ijosar-396	180	19	determined	determine	VERB
ijosar-396	180	20	by	by	ADP
ijosar-396	180	21	the	the	DET
ijosar-396	180	22	free	free	ADJ
ijosar-396	180	23	forces	force	NOUN
ijosar-396	180	24	of	of	ADP
ijosar-396	180	25	demand	demand	NOUN
ijosar-396	180	26	and	and	CCONJ
ijosar-396	180	27	supply	supply	NOUN
ijosar-396	180	28	in	in	ADP
ijosar-396	180	29	the	the	DET
ijosar-396	180	30	foreign	foreign	ADJ
ijosar-396	180	31	exchange	exchange	NOUN
ijosar-396	180	32	market	market	NOUN
ijosar-396	180	33	.	.	PUNCT
ijosar-396	181	1	it	it	PRON
ijosar-396	181	2	follows	follow	VERB
ijosar-396	181	3	that	that	SCONJ
ijosar-396	181	4	the	the	DET
ijosar-396	181	5	external	external	ADJ
ijosar-396	181	6	value	value	NOUN
ijosar-396	181	7	of	of	ADP
ijosar-396	181	8	a	a	DET
ijosar-396	181	9	country	country	NOUN
ijosar-396	181	10	’s	’s	PART
ijosar-396	181	11	currency	currency	NOUN
ijosar-396	181	12	will	will	AUX
ijosar-396	181	13	depend	depend	VERB
ijosar-396	181	14	upon	upon	SCONJ
ijosar-396	181	15	the	the	DET
ijosar-396	181	16	demand	demand	NOUN
ijosar-396	181	17	for	for	ADP
ijosar-396	181	18	and	and	CCONJ
ijosar-396	181	19	supply	supply	NOUN
ijosar-396	181	20	of	of	ADP
ijosar-396	181	21	the	the	DET
ijosar-396	181	22	currency	currency	NOUN
ijosar-396	181	23	.	.	PUNCT
ijosar-396	182	1	also	also	ADV
ijosar-396	182	2	the	the	DET
ijosar-396	182	3	result	result	NOUN
ijosar-396	182	4	shows	show	VERB
ijosar-396	182	5	that	that	SCONJ
ijosar-396	182	6	,	,	PUNCT
ijosar-396	182	7	both	both	CCONJ
ijosar-396	182	8	foreign	foreign	ADJ
ijosar-396	182	9	direct	direct	ADJ
ijosar-396	182	10	investment	investment	NOUN
ijosar-396	182	11	and	and	CCONJ
ijosar-396	182	12	exchange	exchange	NOUN
ijosar-396	182	13	rate	rate	NOUN
ijosar-396	182	14	are	be	AUX
ijosar-396	182	15	unfavorable	unfavorable	ADJ
ijosar-396	182	16	in	in	ADP
ijosar-396	182	17	relation	relation	NOUN
ijosar-396	182	18	to	to	ADP
ijosar-396	182	19	stock	stock	NOUN
ijosar-396	182	20	market	market	NOUN
ijosar-396	182	21	capitalization	capitalization	NOUN
ijosar-396	182	22	growth	growth	NOUN
ijosar-396	182	23	,	,	PUNCT
ijosar-396	182	24	which	which	PRON
ijosar-396	182	25	means	mean	VERB
ijosar-396	182	26	,	,	PUNCT
ijosar-396	182	27	for	for	SCONJ
ijosar-396	182	28	nigeria	nigeria	PRON
ijosar-396	182	29	to	to	PART
ijosar-396	182	30	experience	experience	VERB
ijosar-396	182	31	the	the	DET
ijosar-396	182	32	actual	actual	ADJ
ijosar-396	182	33	positive	positive	ADJ
ijosar-396	182	34	effect	effect	NOUN
ijosar-396	182	35	or	or	CCONJ
ijosar-396	182	36	favorable	favorable	ADJ
ijosar-396	182	37	as	as	ADP
ijosar-396	182	38	shows	show	NOUN
ijosar-396	182	39	by	by	ADP
ijosar-396	182	40	both	both	DET
ijosar-396	182	41	trade	trade	NOUN
ijosar-396	182	42	openness	openness	NOUN
ijosar-396	182	43	and	and	CCONJ
ijosar-396	182	44	balance	balance	NOUN
ijosar-396	182	45	of	of	ADP
ijosar-396	182	46	payment	payment	NOUN
ijosar-396	182	47	,	,	PUNCT
ijosar-396	182	48	government	government	NOUN
ijosar-396	182	49	need	need	AUX
ijosar-396	182	50	to	to	PART
ijosar-396	182	51	developed	developed	VERB
ijosar-396	182	52	all	all	DET
ijosar-396	182	53	the	the	DET
ijosar-396	182	54	domestic	domestic	ADJ
ijosar-396	182	55	economic	economic	ADJ
ijosar-396	182	56	sectors	sector	NOUN
ijosar-396	182	57	in	in	ADP
ijosar-396	182	58	a	a	DET
ijosar-396	182	59	way	way	NOUN
ijosar-396	182	60	that	that	PRON
ijosar-396	182	61	,	,	PUNCT
ijosar-396	182	62	their	their	PRON
ijosar-396	182	63	output	output	NOUN
ijosar-396	182	64	export	export	NOUN
ijosar-396	182	65	will	will	AUX
ijosar-396	182	66	exceed	exceed	VERB
ijosar-396	182	67	import	import	NOUN
ijosar-396	182	68	and	and	CCONJ
ijosar-396	182	69	augment	augment	VERB
ijosar-396	182	70	stock	stock	NOUN
ijosar-396	182	71	market	market	NOUN
ijosar-396	182	72	capitalization	capitalization	NOUN
ijosar-396	182	73	growth	growth	NOUN
ijosar-396	182	74	in	in	ADP
ijosar-396	182	75	nigeria	nigeria	PROPN
ijosar-396	182	76	references	reference	NOUN
ijosar-396	182	77	adams	adams	PROPN
ijosar-396	182	78	r.c	r.c	PROPN
ijosar-396	182	79	.	.	PROPN
ijosar-396	183	1	(	(	PUNCT
ijosar-396	183	2	2003	2003	NUM
ijosar-396	183	3	):	):	PUNCT
ijosar-396	183	4	globalization	globalization	NOUN
ijosar-396	183	5	of	of	ADP
ijosar-396	183	6	the	the	DET
ijosar-396	183	7	banking	banking	NOUN
ijosar-396	183	8	sector	sector	NOUN
ijosar-396	183	9	:	:	PUNCT
ijosar-396	183	10	cost	cost	NOUN
ijosar-396	183	11	,	,	PUNCT
ijosar-396	183	12	benefit	benefit	NOUN
ijosar-396	183	13	and	and	CCONJ
ijosar-396	183	14	challenges	challenge	NOUN
ijosar-396	183	15	for	for	ADP
ijosar-396	183	16	the	the	DET
ijosar-396	183	17	nigerian	nigerian	ADJ
ijosar-396	183	18	financial	financial	ADJ
ijosar-396	183	19	system	system	NOUN
ijosar-396	183	20	.	.	PUNCT
ijosar-396	184	1	nigeria	nigeria	PROPN
ijosar-396	184	2	:	:	PUNCT
ijosar-396	184	3	nes	ne	NOUN
ijosar-396	184	4	publication	publication	NOUN
ijosar-396	184	5	,	,	PUNCT
ijosar-396	184	6	p.	p.	NOUN
ijosar-396	184	7	637	637	NUM
ijosar-396	184	8	.	.	PUNCT
ijosar-396	184	9	adesoye	adesoye	PROPN
ijosar-396	184	10	,	,	PUNCT
ijosar-396	184	11	a.	a.	NOUN
ijosar-396	184	12	a.	a.	PROPN
ijosar-396	184	13	,	,	PUNCT
ijosar-396	184	14	ajike	ajike	PROPN
ijosar-396	184	15	,	,	PUNCT
ijosar-396	184	16	e.	e.	PROPN
ijosar-396	184	17	o.	o.	PROPN
ijosar-396	184	18	&	&	CCONJ
ijosar-396	184	19	maku	maku	PROPN
ijosar-396	184	20	,	,	PUNCT
ijosar-396	184	21	o.	o.	PROPN
ijosar-396	184	22	e.	e.	PROPN
ijosar-396	184	23	(	(	PUNCT
ijosar-396	184	24	2015	2015	NUM
ijosar-396	184	25	)	)	PUNCT
ijosar-396	184	26	.	.	PUNCT
ijosar-396	185	1	economic	economic	ADJ
ijosar-396	185	2	globalization	globalization	NOUN
ijosar-396	185	3	and	and	CCONJ
ijosar-396	185	4	economic	economic	ADJ
ijosar-396	185	5	growth	growth	NOUN
ijosar-396	185	6	in	in	ADP
ijosar-396	185	7	the	the	DET
ijosar-396	185	8	developing	develop	VERB
ijosar-396	185	9	economies	economy	NOUN
ijosar-396	185	10	:	:	PUNCT
ijosar-396	185	11	a	a	DET
ijosar-396	185	12	case	case	NOUN
ijosar-396	185	13	of	of	ADP
ijosar-396	185	14	nigerian	nigerian	ADJ
ijosar-396	185	15	economy	economy	NOUN
ijosar-396	185	16	.	.	PUNCT
ijosar-396	186	1	international	international	ADJ
ijosar-396	186	2	journal	journal	PROPN
ijosar-396	186	3	of	of	ADP
ijosar-396	186	4	economics	economic	NOUN
ijosar-396	186	5	,	,	PUNCT
ijosar-396	186	6	commerce	commerce	NOUN
ijosar-396	186	7	and	and	CCONJ
ijosar-396	186	8	management	management	NOUN
ijosar-396	186	9	,	,	PUNCT
ijosar-396	186	10	3(7	3(7	NUM
ijosar-396	186	11	)	)	PUNCT
ijosar-396	186	12	,	,	PUNCT
ijosar-396	186	13	340	340	NUM
ijosar-396	186	14	-	-	SYM
ijosar-396	186	15	355	355	NUM
ijosar-396	186	16	.	.	PUNCT
ijosar-396	187	1	araoye	araoye	NOUN
ijosar-396	187	2	,	,	PUNCT
ijosar-396	187	3	f.	f.	PROPN
ijosar-396	187	4	e.	e.	PROPN
ijosar-396	187	5	ajayi	ajayi	PROPN
ijosar-396	187	6	,	,	PUNCT
ijosar-396	187	7	e.	e.	PROPN
ijosar-396	187	8	o.	o.	PROPN
ijosar-396	187	9	and	and	CCONJ
ijosar-396	187	10	aruwaji	aruwaji	PROPN
ijosar-396	187	11	,	,	PUNCT
ijosar-396	187	12	a.	a.	NOUN
ijosar-396	187	13	m.	m.	NOUN
ijosar-396	187	14	(	(	PUNCT
ijosar-396	187	15	2018	2018	NUM
ijosar-396	187	16	)	)	PUNCT
ijosar-396	187	17	.	.	PUNCT
ijosar-396	188	1	the	the	DET
ijosar-396	188	2	impact	impact	NOUN
ijosar-396	188	3	of	of	ADP
ijosar-396	188	4	stock	stock	NOUN
ijosar-396	188	5	market	market	NOUN
ijosar-396	188	6	development	development	NOUN
ijosar-396	188	7	on	on	ADP
ijosar-396	188	8	economic	economic	ADJ
ijosar-396	188	9	growth	growth	NOUN
ijosar-396	188	10	in	in	ADP
ijosar-396	188	11	nigeria	nigeria	PROPN
ijosar-396	188	12	:	:	PUNCT
ijosar-396	188	13	journal	journal	PROPN
ijosar-396	188	14	of	of	ADP
ijosar-396	188	15	business	business	NOUN
ijosar-396	188	16	and	and	CCONJ
ijosar-396	188	17	african	african	ADJ
ijosar-396	188	18	economy	economy	NOUN
ijosar-396	188	19	vol	vol	NOUN
ijosar-396	188	20	.	.	PUNCT
ijosar-396	188	21	4	4	NUM
ijosar-396	188	22	no.1	no.1	NOUN
ijosar-396	188	23	2018	2018	NUM
ijosar-396	188	24	issn	issn	VERB
ijosar-396	188	25	2545	2545	NUM
ijosar-396	188	26	-	-	SYM
ijosar-396	188	27	5281	5281	NUM
ijosar-396	188	28	.	.	PUNCT
ijosar-396	189	1	balasani	balasani	PROPN
ijosar-396	189	2	ar	ar	PROPN
ijosar-396	189	3	,	,	PUNCT
ijosar-396	189	4	hassan	hassan	PROPN
ijosar-396	189	5	a	a	DET
ijosar-396	189	6	(	(	PUNCT
ijosar-396	189	7	2018	2018	NUM
ijosar-396	189	8	)	)	PUNCT
ijosar-396	189	9	exchange	exchange	NOUN
ijosar-396	189	10	rate	rate	NOUN
ijosar-396	189	11	and	and	CCONJ
ijosar-396	189	12	stock	stock	NOUN
ijosar-396	189	13	market	market	NOUN
ijosar-396	189	14	interactions	interaction	NOUN
ijosar-396	189	15	:	:	PUNCT
ijosar-396	189	16	evidence	evidence	NOUN
ijosar-396	189	17	from	from	ADP
ijosar-396	189	18	nigeria	nigeria	PROPN
ijosar-396	189	19	.	.	PUNCT
ijosar-396	190	1	arabian	arabian	PROPN
ijosar-396	190	2	j	j	PROPN
ijosar-396	190	3	bus	bus	NOUN
ijosar-396	190	4	manag	manag	NOUN
ijosar-396	190	5	review	review	VERB
ijosar-396	190	6	8	8	NUM
ijosar-396	190	7	:	:	SYM
ijosar-396	190	8	334	334	NUM
ijosar-396	190	9	.	.	PUNCT
ijosar-396	191	1	beck	beck	NOUN
ijosar-396	191	2	,	,	PUNCT
ijosar-396	191	3	t.	t.	PROPN
ijosar-396	191	4	and	and	CCONJ
ijosar-396	191	5	levine	levine	PROPN
ijosar-396	191	6	,	,	PUNCT
ijosar-396	191	7	r.	r.	PROPN
ijosar-396	191	8	(	(	PUNCT
ijosar-396	191	9	2012	2012	NUM
ijosar-396	191	10	)	)	PUNCT
ijosar-396	191	11	.	.	PUNCT
ijosar-396	192	1	stock	stock	NOUN
ijosar-396	192	2	markets	market	NOUN
ijosar-396	192	3	,	,	PUNCT
ijosar-396	192	4	banks	bank	NOUN
ijosar-396	192	5	and	and	CCONJ
ijosar-396	192	6	growth	growth	NOUN
ijosar-396	192	7	:	:	PUNCT
ijosar-396	192	8	panel	panel	NOUN
ijosar-396	192	9	evidence	evidence	NOUN
ijosar-396	192	10	.	.	PUNCT
ijosar-396	193	1	journal	journal	NOUN
ijosar-396	193	2	of	of	ADP
ijosar-396	193	3	banking	banking	NOUN
ijosar-396	193	4	and	and	CCONJ
ijosar-396	193	5	finance	finance	NOUN
ijosar-396	193	6	,	,	PUNCT
ijosar-396	193	7	vol.28	vol.28	NOUN
ijosar-396	193	8	,	,	PUNCT
ijosar-396	193	9	no.1	no.1	NUM
ijosar-396	193	10	,	,	PUNCT
ijosar-396	193	11	pp.432-442.retrieved	pp.432-442.retrieve	VERB
ijosar-396	193	12	fromhttp://dept.ku.edu/~empirics/courses/econ915/papers/stock-mkt-bankgrowth_jbf04.pdf	fromhttp://dept.ku.edu/~empirics/courses/econ915/papers/stock-mkt-bankgrowth_jbf04.pdf	NOUN
ijosar-396	193	13	.	.	PUNCT
ijosar-396	194	1	central	central	ADJ
ijosar-396	194	2	bank	bank	PROPN
ijosar-396	194	3	of	of	ADP
ijosar-396	194	4	nigeria	nigeria	PROPN
ijosar-396	194	5	(	(	PUNCT
ijosar-396	194	6	2018).statistical	2018).statistical	ADJ
ijosar-396	194	7	bulletin	bulletin	NOUN
ijosar-396	194	8	.	.	PUNCT
ijosar-396	195	1	ezeabasili	ezeabasili	NOUN
ijosar-396	195	2	,	,	PUNCT
ijosar-396	195	3	v.	v.	ADP
ijosar-396	195	4	n.	n.	NOUN
ijosar-396	195	5	and	and	CCONJ
ijosar-396	195	6	alajekwe	alajekwe	PROPN
ijosar-396	195	7	,	,	PUNCT
ijosar-396	195	8	u.	u.	PROPN
ijosar-396	195	9	b.	b.	PROPN
ijosar-396	195	10	(	(	PUNCT
ijosar-396	195	11	2012	2012	NUM
ijosar-396	195	12	)	)	PUNCT
ijosar-396	195	13	.	.	PUNCT
ijosar-396	196	1	stock	stock	NOUN
ijosar-396	196	2	market	market	NOUN
ijosar-396	196	3	liquidity	liquidity	NOUN
ijosar-396	196	4	and	and	CCONJ
ijosar-396	196	5	economic	economic	ADJ
ijosar-396	196	6	growth	growth	NOUN
ijosar-396	196	7	,	,	PUNCT
ijosar-396	196	8	ijointernational	ijointernational	ADJ
ijosar-396	196	9	journal	journal	NOUN
ijosar-396	196	10	of	of	ADP
ijosar-396	196	11	social	social	ADJ
ijosar-396	196	12	science	science	NOUN
ijosar-396	196	13	and	and	CCONJ
ijosar-396	196	14	humanities	humanity	NOUN
ijosar-396	196	15	research	research	NOUN
ijosar-396	196	16	volume	volume	NOUN
ijosar-396	196	17	3|	3|	NUM
ijosar-396	196	18	issue	issue	NOUN
ijosar-396	196	19	12|	12|	NUM
ijosar-396	196	20	december	december	PROPN
ijosar-396	196	21	|	|	NOUN
ijosar-396	196	22	2020	2020	NUM
ijosar-396	196	23	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	196	24	31	31	NUM
ijosar-396	196	25	economic	economic	ADJ
ijosar-396	196	26	journal	journal	NOUN
ijosar-396	196	27	of	of	ADP
ijosar-396	196	28	a	a	DET
ijosar-396	196	29	2	2	NUM
ijosar-396	196	30	z	z	NOUN
ijosar-396	196	31	,	,	PUNCT
ijosar-396	196	32	vol	vol	NOUN
ijosar-396	196	33	.	.	PROPN
ijosar-396	196	34	1	1	NUM
ijosar-396	196	35	,	,	PUNCT
ijosar-396	196	36	no	no	INTJ
ijosar-396	196	37	.	.	NOUN
ijosar-396	196	38	2	2	NUM
ijosar-396	196	39	,	,	PUNCT
ijosar-396	196	40	pp	pp	ADJ
ijosar-396	196	41	.	.	PUNCT
ijosar-396	197	1	11	11	NUM
ijosar-396	197	2	-	-	SYM
ijosar-396	197	3	17	17	NUM
ijosar-396	197	4	.	.	PUNCT
ijosar-396	198	1	hassan	hassan	PROPN
ijosar-396	198	2	a	a	X
ijosar-396	198	3	,	,	PUNCT
ijosar-396	198	4	abubakar	abubakar	PROPN
ijosar-396	198	5	m	m	PROPN
ijosar-396	198	6	,	,	PUNCT
ijosar-396	198	7	dantama	dantama	PROPN
ijosar-396	198	8	yu	yu	PROPN
ijosar-396	198	9	(	(	PUNCT
ijosar-396	198	10	2017	2017	NUM
ijosar-396	198	11	)	)	PUNCT
ijosar-396	198	12	determinants	determinant	NOUN
ijosar-396	198	13	of	of	ADP
ijosar-396	198	14	exchange	exchange	NOUN
ijosar-396	198	15	rate	rate	NOUN
ijosar-396	198	16	volatility	volatility	NOUN
ijosar-396	198	17	:	:	PUNCT
ijosar-396	198	18	new	new	ADJ
ijosar-396	198	19	estimates	estimate	NOUN
ijosar-396	198	20	from	from	ADP
ijosar-396	198	21	nigeria	nigeria	PROPN
ijosar-396	198	22	.	.	PUNCT
ijosar-396	199	1	eastern	eastern	PROPN
ijosar-396	199	2	journal	journal	PROPN
ijosar-396	199	3	of	of	ADP
ijosar-396	199	4	economic	economic	ADJ
ijosar-396	199	5	and	and	CCONJ
ijosar-396	199	6	finance	finance	NOUN
ijosar-396	199	7	3	3	NUM
ijosar-396	199	8	:	:	SYM
ijosar-396	199	9	1	1	NUM
ijosar-396	199	10	-	-	SYM
ijosar-396	199	11	12	12	NUM
ijosar-396	199	12	.	.	PUNCT
ijosar-396	200	1	https://en.m.wikipedia	https://en.m.wikipedia	NOUN
ijosar-396	200	2	.	.	PUNCT
ijosar-396	201	1	idele	idele	PROPN
ijosar-396	201	2	s.i	s.i	PROPN
ijosar-396	201	3	.	.	PROPN
ijosar-396	202	1	(	(	PUNCT
ijosar-396	202	2	1999	1999	NUM
ijosar-396	202	3	):	):	PUNCT
ijosar-396	202	4	“	"	PUNCT
ijosar-396	202	5	fundamentals	fundamental	NOUN
ijosar-396	202	6	of	of	ADP
ijosar-396	202	7	economic	economic	ADJ
ijosar-396	202	8	statistics	statistic	NOUN
ijosar-396	202	9	”	"	PUNCT
ijosar-396	202	10	benin	benin	PROPN
ijosar-396	202	11	city	city	PROPN
ijosar-396	202	12	:	:	PUNCT
ijosar-396	202	13	goldband	goldband	PROPN
ijosar-396	202	14	publisher	publisher	PROPN
ijosar-396	202	15	international	international	PROPN
ijosar-396	202	16	ltd	ltd	PROPN
ijosar-396	202	17	.	.	PROPN
ijosar-396	202	18	international	international	ADJ
ijosar-396	202	19	monetary	monetary	ADJ
ijosar-396	202	20	fund	fund	NOUN
ijosar-396	202	21	(	(	PUNCT
ijosar-396	202	22	2003).world	2003).world	NUM
ijosar-396	202	23	economic	economic	ADJ
ijosar-396	202	24	and	and	CCONJ
ijosar-396	202	25	financial	financial	ADJ
ijosar-396	202	26	surveys	survey	NOUN
ijosar-396	202	27	.	.	PUNCT
ijosar-396	203	1	washington	washington	PROPN
ijosar-396	203	2	d.	d.	PROPN
ijosar-396	203	3	c	c	PROPN
ijosar-396	203	4	:	:	PUNCT
ijosar-396	203	5	imf	imf	PROPN
ijosar-396	203	6	multimedia	multimedia	PROPN
ijosar-396	203	7	services	service	NOUN
ijosar-396	203	8	division	division	NOUN
ijosar-396	203	9	.	.	PUNCT
ijosar-396	204	1	khan	khan	PROPN
ijosar-396	204	2	rea	rea	PROPN
ijosar-396	204	3	,	,	PUNCT
ijosar-396	204	4	ali	ali	PROPN
ijosar-396	204	5	r	r	PROPN
ijosar-396	204	6	(	(	PUNCT
ijosar-396	204	7	2015	2015	NUM
ijosar-396	204	8	)	)	PUNCT
ijosar-396	204	9	causality	causality	NOUN
ijosar-396	204	10	analysis	analysis	NOUN
ijosar-396	204	11	of	of	ADP
ijosar-396	204	12	volatility	volatility	NOUN
ijosar-396	204	13	in	in	ADP
ijosar-396	204	14	exchange	exchange	NOUN
ijosar-396	204	15	rate	rate	NOUN
ijosar-396	204	16	and	and	CCONJ
ijosar-396	204	17	stock	stock	NOUN
ijosar-396	204	18	market	market	NOUN
ijosar-396	204	19	prices	price	NOUN
ijosar-396	204	20	:	:	PUNCT
ijosar-396	204	21	a	a	DET
ijosar-396	204	22	case	case	NOUN
ijosar-396	204	23	study	study	NOUN
ijosar-396	204	24	of	of	ADP
ijosar-396	204	25	pakistan	pakistan	PROPN
ijosar-396	204	26	.	.	PUNCT
ijosar-396	205	1	asian	asian	ADJ
ijosar-396	205	2	economic	economic	ADJ
ijosar-396	205	3	and	and	CCONJ
ijosar-396	205	4	financial	financial	ADJ
ijosar-396	205	5	review	review	NOUN
ijosar-396	205	6	5	5	NUM
ijosar-396	205	7	:	:	PUNCT
ijosar-396	205	8	805	805	NUM
ijosar-396	205	9	-	-	SYM
ijosar-396	205	10	815	815	NUM
ijosar-396	205	11	.	.	PUNCT
ijosar-396	206	1	loto	loto	PROPN
ijosar-396	206	2	m.a	m.a	PROPN
ijosar-396	206	3	(	(	PUNCT
ijosar-396	206	4	2010	2010	NUM
ijosar-396	206	5	)	)	PUNCT
ijosar-396	206	6	globalization	globalization	NOUN
ijosar-396	206	7	and	and	CCONJ
ijosar-396	206	8	its	its	PRON
ijosar-396	206	9	impact	impact	NOUN
ijosar-396	206	10	on	on	ADP
ijosar-396	206	11	real	real	ADJ
ijosar-396	206	12	sector	sector	NOUN
ijosar-396	206	13	export	export	NOUN
ijosar-396	206	14	performance	performance	NOUN
ijosar-396	206	15	in	in	ADP
ijosar-396	206	16	the	the	DET
ijosar-396	206	17	nigerian	nigerian	ADJ
ijosar-396	206	18	economy	economy	NOUN
ijosar-396	206	19	:	:	PUNCT
ijosar-396	206	20	1980	1980	NUM
ijosar-396	206	21	-	-	SYM
ijosar-396	206	22	2007	2007	NUM
ijosar-396	206	23	.	.	PUNCT
ijosar-396	207	1	faculty	faculty	NOUN
ijosar-396	207	2	journal	journal	NOUN
ijosar-396	207	3	,	,	PUNCT
ijosar-396	207	4	vol.4	vol.4	PROPN
ijosar-396	207	5	,	,	PUNCT
ijosar-396	207	6	2010	2010	NUM
ijosar-396	207	7	.	.	PUNCT
ijosar-396	208	1	maduka	maduka	ADJ
ijosar-396	208	2	,	,	PUNCT
ijosar-396	208	3	a.	a.	NOUN
ijosar-396	208	4	c	c	NOUN
ijosar-396	208	5	,	,	PUNCT
ijosar-396	208	6	madichie	madichie	NOUN
ijosar-396	208	7	,	,	PUNCT
ijosar-396	208	8	c.	c.	PROPN
ijosar-396	208	9	v	v	PROPN
ijosar-396	208	10	and	and	CCONJ
ijosar-396	208	11	eze	eze	PROPN
ijosar-396	208	12	,	,	PUNCT
ijosar-396	208	13	e.	e.	PROPN
ijosar-396	208	14	a	a	PROPN
ijosar-396	208	15	(	(	PUNCT
ijosar-396	208	16	2017	2017	NUM
ijosar-396	208	17	)	)	PUNCT
ijosar-396	208	18	“	"	PUNCT
ijosar-396	208	19	globalization	globalization	NOUN
ijosar-396	208	20	and	and	CCONJ
ijosar-396	208	21	economic	economic	ADJ
ijosar-396	208	22	growth	growth	NOUN
ijosar-396	208	23	”	"	PUNCT
ijosar-396	208	24	:	:	PUNCT
ijosar-396	208	25	evidence	evidence	NOUN
ijosar-396	208	26	from	from	ADP
ijosar-396	208	27	nigeria	nigeria	PROPN
ijosar-396	208	28	,	,	PUNCT
ijosar-396	208	29	issn	issn	PROPN
ijosar-396	208	30	:	:	PUNCT
ijosar-396	208	31	2455	2455	NUM
ijosar-396	208	32	-	-	SYM
ijosar-396	208	33	8834	8834	NUM
ijosar-396	208	34	,	,	PUNCT
ijosar-396	208	35	volume	volume	NOUN
ijosar-396	208	36	:	:	PUNCT
ijosar-396	208	37	02	02	NUM
ijosar-396	208	38	,	,	PUNCT
ijosar-396	208	39	issue	issue	NOUN
ijosar-396	208	40	:	:	PUNCT
ijosar-396	208	41	08	08	NUM
ijosar-396	208	42	.	.	PUNCT
ijosar-396	209	1	nwakanma	nwakanma	PROPN
ijosar-396	209	2	,	,	PUNCT
ijosar-396	209	3	p.	p.	PROPN
ijosar-396	209	4	c.	c.	PROPN
ijosar-396	209	5	andibe	andibe	PROPN
ijosar-396	209	6	,	,	PUNCT
ijosar-396	209	7	r.	r.	PROPN
ijosar-396	209	8	c.	c.	PROPN
ijosar-396	209	9	(	(	PUNCT
ijosar-396	209	10	2014	2014	NUM
ijosar-396	209	11	)	)	PUNCT
ijosar-396	209	12	.	.	PUNCT
ijosar-396	210	1	globalization	globalization	NOUN
ijosar-396	210	2	and	and	CCONJ
ijosar-396	210	3	economic	economic	ADJ
ijosar-396	210	4	growth	growth	NOUN
ijosar-396	210	5	:	:	PUNCT
ijosar-396	210	6	an	an	DET
ijosar-396	210	7	econometric	econometric	ADJ
ijosar-396	210	8	dimension	dimension	NOUN
ijosar-396	210	9	drawing	draw	VERB
ijosar-396	210	10	evidence	evidence	NOUN
ijosar-396	210	11	from	from	ADP
ijosar-396	210	12	nigeria	nigeria	PROPN
ijosar-396	210	13	.	.	PUNCT
ijosar-396	211	1	international	international	ADJ
ijosar-396	211	2	review	review	NOUN
ijosar-396	211	3	of	of	ADP
ijosar-396	211	4	management	management	NOUN
ijosar-396	211	5	and	and	CCONJ
ijosar-396	211	6	business	business	NOUN
ijosar-396	211	7	research	research	NOUN
ijosar-396	211	8	,	,	PUNCT
ijosar-396	211	9	3(2	3(2	NUM
ijosar-396	211	10	)	)	PUNCT
ijosar-396	211	11	,	,	PUNCT
ijosar-396	211	12	771	771	NUM
ijosar-396	211	13	-	-	SYM
ijosar-396	211	14	778	778	NUM
ijosar-396	211	15	.	.	PUNCT
ijosar-396	212	1	obstfied	obstfie	VERB
ijosar-396	212	2	,	,	PUNCT
ijosar-396	212	3	m.	m.	NOUN
ijosar-396	212	4	(	(	PUNCT
ijosar-396	212	5	2002	2002	NUM
ijosar-396	212	6	):	):	PUNCT
ijosar-396	212	7	globalization	globalization	NOUN
ijosar-396	212	8	and	and	CCONJ
ijosar-396	212	9	capital	capital	NOUN
ijosar-396	212	10	markets	market	NOUN
ijosar-396	212	11	.	.	PUNCT
ijosar-396	213	1	national	national	ADJ
ijosar-396	213	2	bureau	bureau	PROPN
ijosar-396	213	3	of	of	ADP
ijosar-396	213	4	economic	economic	ADJ
ijosar-396	213	5	research	research	NOUN
ijosar-396	213	6	(	(	PUNCT
ijosar-396	213	7	nber	nber	PROPN
ijosar-396	213	8	)	)	PUNCT
ijosar-396	213	9	,	,	PUNCT
ijosar-396	213	10	working	work	VERB
ijosar-396	213	11	paper	paper	NOUN
ijosar-396	213	12	56	56	NUM
ijosar-396	213	13	.	.	PUNCT
ijosar-396	213	14	okonkwo	okonkwo	PROPN
ijosar-396	213	15	,	,	PUNCT
ijosar-396	213	16	o.	o.	PROPN
ijosar-396	213	17	n.	n.	PROPN
ijosar-396	213	18	,	,	PUNCT
ijosar-396	213	19	ogwuru	ogwuru	PROPN
ijosar-396	213	20	,	,	PUNCT
ijosar-396	213	21	h.	h.	PROPN
ijosar-396	213	22	o.	o.	PROPN
ijosar-396	213	23	and	and	CCONJ
ijosar-396	213	24	ajudua	ajudua	PROPN
ijosar-396	213	25	,	,	PUNCT
ijosar-396	213	26	e.	e.	PROPN
ijosar-396	213	27	i.	i.	PROPN
ijosar-396	213	28	(	(	PUNCT
ijosar-396	213	29	2014	2014	NUM
ijosar-396	213	30	)	)	PUNCT
ijosar-396	213	31	.	.	PUNCT
ijosar-396	214	1	stock	stock	NOUN
ijosar-396	214	2	market	market	NOUN
ijosar-396	214	3	performance	performance	NOUN
ijosar-396	214	4	and	and	CCONJ
ijosar-396	214	5	economicgrowth	economicgrowth	NOUN
ijosar-396	214	6	in	in	ADP
ijosar-396	214	7	nigeria	nigeria	PROPN
ijosar-396	214	8	:	:	PUNCT
ijosar-396	214	9	an	an	DET
ijosar-396	214	10	empirical	empirical	ADJ
ijosar-396	214	11	appraisal	appraisal	NOUN
ijosar-396	214	12	,	,	PUNCT
ijosar-396	214	13	european	european	ADJ
ijosar-396	214	14	journal	journal	PROPN
ijosar-396	214	15	of	of	ADP
ijosar-396	214	16	business	business	NOUN
ijosar-396	214	17	and	and	CCONJ
ijosar-396	214	18	management	management	NOUN
ijosar-396	214	19	,	,	PUNCT
ijosar-396	214	20	vol	vol	NOUN
ijosar-396	214	21	.	.	PROPN
ijosar-396	215	1	6	6	NUM
ijosar-396	215	2	,	,	PUNCT
ijosar-396	215	3	no	no	INTJ
ijosar-396	215	4	.	.	NOUN
ijosar-396	215	5	24	24	NUM
ijosar-396	215	6	,	,	PUNCT
ijosar-396	215	7	pp	pp	ADJ
ijosar-396	215	8	.	.	PUNCT
ijosar-396	216	1	33	33	NUM
ijosar-396	216	2	-	-	SYM
ijosar-396	216	3	63	63	NUM
ijosar-396	216	4	.	.	PUNCT
ijosar-396	217	1	okpokpo	okpokpo	PROPN
ijosar-396	217	2	,	,	PUNCT
ijosar-396	217	3	g.	g.	PROPN
ijosar-396	217	4	u.	u.	PROPN
ijosar-396	217	5	,	,	PUNCT
ijosar-396	217	6	ifelunini	ifelunini	PROPN
ijosar-396	217	7	,	,	PUNCT
ijosar-396	217	8	i.	i.	PROPN
ijosar-396	217	9	a.	a.	PROPN
ijosar-396	217	10	&	&	CCONJ
ijosar-396	217	11	osuyali	osuyali	PROPN
ijosar-396	217	12	,	,	PUNCT
ijosar-396	217	13	f.	f.	PROPN
ijosar-396	217	14	(	(	PUNCT
ijosar-396	217	15	2014	2014	NUM
ijosar-396	217	16	)	)	PUNCT
ijosar-396	217	17	.	.	PUNCT
ijosar-396	217	18	is	be	AUX
ijosar-396	217	19	globalization	globalization	NOUN
ijosar-396	217	20	a	a	DET
ijosar-396	217	21	potent	potent	ADJ
ijosar-396	217	22	driver	driver	NOUN
ijosar-396	217	23	of	of	ADP
ijosar-396	217	24	economic	economic	ADJ
ijosar-396	217	25	growth	growth	NOUN
ijosar-396	217	26	?	?	PUNCT
ijosar-396	218	1	investigating	investigate	VERB
ijosar-396	218	2	the	the	DET
ijosar-396	218	3	nigerian	nigerian	ADJ
ijosar-396	218	4	non	non	ADJ
ijosar-396	218	5	-	-	ADJ
ijosar-396	218	6	oil	oil	ADJ
ijosar-396	218	7	exports.asian	exports.asian	ADJ
ijosar-396	218	8	economic	economic	ADJ
ijosar-396	218	9	andfinancial	andfinancial	ADJ
ijosar-396	218	10	review	review	NOUN
ijosar-396	218	11	,	,	PUNCT
ijosar-396	218	12	4(6	4(6	NUM
ijosar-396	218	13	)	)	PUNCT
ijosar-396	218	14	,	,	PUNCT
ijosar-396	218	15	781	781	NUM
ijosar-396	218	16	-	-	SYM
ijosar-396	218	17	792	792	NUM
ijosar-396	218	18	.	.	PUNCT
ijosar-396	219	1	omolade	omolade	PROPN
ijosar-396	219	2	,	,	PUNCT
ijosar-396	219	3	a.	a.	PROPN
ijosar-396	219	4	,	,	PUNCT
ijosar-396	219	5	morakinyo	morakinyo	PROPN
ijosar-396	219	6	,	,	PUNCT
ijosar-396	219	7	a.	a.	NOUN
ijosar-396	219	8	andifeacho	andifeacho	PROPN
ijosar-396	219	9	,	,	PUNCT
ijosar-396	219	10	c.	c.	PROPN
ijosar-396	219	11	(	(	PUNCT
ijosar-396	219	12	2013).globalization	2013).globalization	NUM
ijosar-396	219	13	and	and	CCONJ
ijosar-396	219	14	economic	economic	ADJ
ijosar-396	219	15	development	development	NOUN
ijosar-396	219	16	in	in	ADP
ijosar-396	219	17	nigeria.journal	nigeria.journal	NUM
ijosar-396	219	18	of	of	ADP
ijosar-396	219	19	research	research	NOUN
ijosar-396	219	20	in	in	ADP
ijosar-396	219	21	humanities	humanity	NOUN
ijosar-396	219	22	and	and	CCONJ
ijosar-396	219	23	social	social	ADJ
ijosar-396	219	24	science	science	NOUN
ijosar-396	219	25	,	,	PUNCT
ijosar-396	219	26	1(4	1(4	NUM
ijosar-396	219	27	)	)	PUNCT
ijosar-396	219	28	,	,	PUNCT
ijosar-396	219	29	06	06	NUM
ijosar-396	219	30	-	-	SYM
ijosar-396	219	31	14	14	NUM
ijosar-396	219	32	.	.	PUNCT
ijosar-396	220	1	onwuka	onwuka	PROPN
ijosar-396	220	2	,	,	PUNCT
ijosar-396	220	3	e.	e.	PROPN
ijosar-396	220	4	c.	c.	PROPN
ijosar-396	220	5	&	&	CCONJ
ijosar-396	220	6	eguavoen	eguavoen	PROPN
ijosar-396	220	7	,	,	PUNCT
ijosar-396	220	8	a.	a.	NOUN
ijosar-396	220	9	(	(	PUNCT
ijosar-396	220	10	2007	2007	NUM
ijosar-396	220	11	)	)	PUNCT
ijosar-396	220	12	.	.	PUNCT
ijosar-396	221	1	globalization	globalization	NOUN
ijosar-396	221	2	and	and	CCONJ
ijosar-396	221	3	economic	economic	ADJ
ijosar-396	221	4	development	development	NOUN
ijosar-396	221	5	:	:	PUNCT
ijosar-396	221	6	the	the	DET
ijosar-396	221	7	nigerian	nigerian	ADJ
ijosar-396	221	8	experience	experience	NOUN
ijosar-396	221	9	.	.	PUNCT
ijosar-396	222	1	journal	journal	NOUN
ijosar-396	222	2	of	of	ADP
ijosar-396	222	3	social	social	ADJ
ijosar-396	222	4	science	science	NOUN
ijosar-396	222	5	,	,	PUNCT
ijosar-396	222	6	14(1	14(1	NUM
ijosar-396	222	7	)	)	PUNCT
ijosar-396	222	8	,	,	PUNCT
ijosar-396	222	9	45	45	NUM
ijosar-396	222	10	-	-	SYM
ijosar-396	222	11	51	51	NUM
ijosar-396	222	12	.	.	PUNCT
ijosar-396	223	1	pesaran	pesaran	VERB
ijosar-396	223	2	,	,	PUNCT
ijosar-396	223	3	m.	m.	PROPN
ijosar-396	223	4	h.	h.	PROPN
ijosar-396	223	5	shin	shin	PROPN
ijosar-396	223	6	,	,	PUNCT
ijosar-396	223	7	y.	y.	PROPN
ijosar-396	223	8	and	and	CCONJ
ijosar-396	223	9	smith	smith	PROPN
ijosar-396	223	10	,	,	PUNCT
ijosar-396	223	11	r.	r.	PROPN
ijosar-396	223	12	j.	j.	PROPN
ijosar-396	223	13	(	(	PUNCT
ijosar-396	223	14	2001).bounds	2001).bounds	NUM
ijosar-396	223	15	testing	testing	NOUN
ijosar-396	223	16	approaches	approach	NOUN
ijosar-396	223	17	to	to	ADP
ijosar-396	223	18	the	the	DET
ijosar-396	223	19	analysis	analysis	NOUN
ijosar-396	223	20	of	of	ADP
ijosar-396	223	21	level	level	NOUN
ijosar-396	223	22	relationships.journal	relationships.journal	PROPN
ijosar-396	223	23	of	of	ADP
ijosar-396	223	24	applied	apply	VERB
ijosar-396	223	25	econometrics	econometric	NOUN
ijosar-396	223	26	,	,	PUNCT
ijosar-396	223	27	16(3	16(3	NOUN
ijosar-396	223	28	)	)	PUNCT
ijosar-396	223	29	,	,	PUNCT
ijosar-396	223	30	289	289	NUM
ijosar-396	223	31	-	-	SYM
ijosar-396	223	32	326	326	NUM
ijosar-396	223	33	.	.	PUNCT
ijosar-396	223	34	sede	sede	NOUN
ijosar-396	223	35	,	,	PUNCT
ijosar-396	223	36	i.	i.	PROPN
ijosar-396	223	37	p.	p.	PROPN
ijosar-396	223	38	andizilein	andizilein	PROPN
ijosar-396	223	39	,	,	PUNCT
ijosar-396	223	40	e.	e.	PROPN
ijosar-396	223	41	i.	i.	PROPN
ijosar-396	223	42	(	(	PUNCT
ijosar-396	223	43	2013	2013	NUM
ijosar-396	223	44	)	)	PUNCT
ijosar-396	223	45	.	.	PUNCT
ijosar-396	224	1	economic	economic	ADJ
ijosar-396	224	2	growth	growth	NOUN
ijosar-396	224	3	and	and	CCONJ
ijosar-396	224	4	globalization	globalization	NOUN
ijosar-396	224	5	in	in	ADP
ijosar-396	224	6	nigeria	nigeria	PROPN
ijosar-396	224	7	:	:	PUNCT
ijosar-396	224	8	a	a	DET
ijosar-396	224	9	causality	causality	NOUN
ijosar-396	224	10	analysis	analysis	NOUN
ijosar-396	224	11	.	.	PUNCT
ijosar-396	225	1	asian	asian	ADJ
ijosar-396	225	2	-	-	PUNCT
ijosar-396	225	3	african	african	ADJ
ijosar-396	225	4	journal	journal	NOUN
ijosar-396	225	5	of	of	ADP
ijosar-396	225	6	economics	economic	NOUN
ijosar-396	225	7	and	and	CCONJ
ijosar-396	225	8	econometrics	econometric	NOUN
ijosar-396	225	9	,	,	PUNCT
ijosar-396	225	10	13(2	13(2	PROPN
ijosar-396	225	11	)	)	PUNCT
ijosar-396	225	12	,	,	PUNCT
ijosar-396	225	13	145	145	NUM
ijosar-396	225	14	-	-	SYM
ijosar-396	225	15	159	159	NUM
ijosar-396	225	16	.	.	PUNCT
ijosar-396	226	1	shaw	shaw	PROPN
ijosar-396	226	2	,	,	PUNCT
ijosar-396	226	3	e.	e.	PROPN
ijosar-396	226	4	(	(	PUNCT
ijosar-396	226	5	1973	1973	NUM
ijosar-396	226	6	)	)	PUNCT
ijosar-396	226	7	.	.	PUNCT
ijosar-396	227	1	financial	financial	ADJ
ijosar-396	227	2	deepening	deepen	VERB
ijosar-396	227	3	in	in	ADP
ijosar-396	227	4	economic	economic	ADJ
ijosar-396	227	5	development	development	NOUN
ijosar-396	227	6	,	,	PUNCT
ijosar-396	227	7	new	new	PROPN
ijosar-396	227	8	york	york	PROPN
ijosar-396	227	9	:	:	PUNCT
ijosar-396	227	10	oxford	oxford	PROPN
ijosar-396	227	11	university	university	PROPN
ijosar-396	227	12	press	press	NOUN
ijosar-396	227	13	.	.	PUNCT
ijosar-396	228	1	shuaib	shuaib	PROPN
ijosar-396	228	2	,	,	PUNCT
ijosar-396	228	3	m.	m.	NOUN
ijosar-396	228	4	,	,	PUNCT
ijosar-396	228	5	ekeria	ekeria	PROPN
ijosar-396	228	6	,	,	PUNCT
ijosar-396	228	7	o.	o.	PROPN
ijosar-396	228	8	a.	a.	NOUN
ijosar-396	228	9	andogedengbe	andogedengbe	PROPN
ijosar-396	228	10	,	,	PUNCT
ijosar-396	228	11	a	a	DET
ijosar-396	228	12	f.	f.	PROPN
ijosar-396	228	13	(	(	PUNCT
ijosar-396	228	14	2015	2015	NUM
ijosar-396	228	15	)	)	PUNCT
ijosar-396	228	16	.	.	PUNCT
ijosar-396	229	1	the	the	DET
ijosar-396	229	2	impact	impact	NOUN
ijosar-396	229	3	of	of	ADP
ijosar-396	229	4	globalization	globalization	NOUN
ijosar-396	229	5	on	on	ADP
ijosar-396	229	6	the	the	DET
ijosar-396	229	7	growth	growth	NOUN
ijosar-396	229	8	of	of	ADP
ijosar-396	229	9	nigerian	nigerian	ADJ
ijosar-396	229	10	economy	economy	NOUN
ijosar-396	229	11	from	from	ADP
ijosar-396	229	12	1960	1960	NUM
ijosar-396	229	13	-	-	SYM
ijosar-396	229	14	2010	2010	NUM
ijosar-396	229	15	:	:	PUNCT
ijosar-396	229	16	error	error	NOUN
ijosar-396	229	17	correction	correction	NOUN
ijosar-396	229	18	model	model	NOUN
ijosar-396	229	19	analysis	analysis	NOUN
ijosar-396	229	20	.	.	PUNCT
ijosar-396	230	1	british	british	ADJ
ijosar-396	230	2	journal	journal	PROPN
ijosar-396	230	3	of	of	ADP
ijosar-396	230	4	economics	economic	NOUN
ijosar-396	230	5	,	,	PUNCT
ijosar-396	230	6	management	management	NOUN
ijosar-396	230	7	and	and	CCONJ
ijosar-396	230	8	trade	trade	NOUN
ijosar-396	230	9	,	,	PUNCT
ijosar-396	230	10	7(1	7(1	NUM
ijosar-396	230	11	)	)	PUNCT
ijosar-396	230	12	,	,	PUNCT
ijosar-396	230	13	63	63	NUM
ijosar-396	230	14	-	-	SYM
ijosar-396	230	15	73	73	NUM
ijosar-396	230	16	.	.	PUNCT
ijosar-396	231	1	toree	toree	PROPN
ijosar-396	231	2	,	,	PUNCT
ijosar-396	231	3	a.p	a.p	PROPN
ijosar-396	231	4	.	.	PROPN
ijosar-396	231	5	and	and	CCONJ
ijosar-396	231	6	schmuker	schmuker	NOUN
ijosar-396	231	7	,	,	PUNCT
ijosar-396	231	8	s.l	s.l	PROPN
ijosar-396	231	9	.	.	PROPN
ijosar-396	231	10	(	(	PUNCT
ijosar-396	231	11	2007	2007	NUM
ijosar-396	231	12	)	)	PUNCT
ijosar-396	231	13	stock	stock	NOUN
ijosar-396	231	14	market	market	NOUN
ijosar-396	231	15	development	development	NOUN
ijosar-396	231	16	under	under	ADP
ijosar-396	231	17	globalization	globalization	NOUN
ijosar-396	231	18	the	the	DET
ijosar-396	231	19	gains	gain	NOUN
ijosar-396	231	20	from	from	ADP
ijosar-396	231	21	reform	reform	NOUN
ijosar-396	231	22	,	,	PUNCT
ijosar-396	231	23	world	world	NOUN
ijosar-396	231	24	ijointernational	ijointernational	ADJ
ijosar-396	231	25	journal	journal	NOUN
ijosar-396	231	26	of	of	ADP
ijosar-396	231	27	social	social	ADJ
ijosar-396	231	28	science	science	NOUN
ijosar-396	231	29	and	and	CCONJ
ijosar-396	231	30	humanities	humanity	NOUN
ijosar-396	231	31	research	research	NOUN
ijosar-396	231	32	volume	volume	NOUN
ijosar-396	231	33	3|	3|	NUM
ijosar-396	231	34	issue	issue	NOUN
ijosar-396	231	35	12|	12|	NUM
ijosar-396	231	36	december	december	PROPN
ijosar-396	231	37	|	|	NOUN
ijosar-396	231	38	2020	2020	NUM
ijosar-396	231	39	http://www.ijojournals.com/index.php/ssh/index	http://www.ijojournals.com/index.php/ssh/index	NOUN
ijosar-396	231	40	32	32	NUM
ijosar-396	231	41	https://en.m.wikipedia/	https://en.m.wikipedia/	NOUN