Copula-Based Dependence Measures for Under-Five Mortality Rate in Rwanda

ثبت نشده
چکیده

The risk of a child dying before completing five years of age is still highest in sub-Saharan Africa region. In this paper, we used the copula based dependence to investigate the association between the under-five mortality rate and Gross Domestic Product in Rwanda from 1981 to 2015. The copula has for a long time been recognized as a powerful tool for modeling dependence between two random variables. The Archimedean copulas were applied to capture the non-linearity in the dependence structure between those two vectors. Our findings showed that after 1994, the under-five mortality rate in Rwanda diminished steadily from 300 up to 42 per 1000 lives in 2015. Our analysis showed that under-five mortality rate is inversely proportional to the Gross Domestic Product. Unfortunately, it is not obvious to predict the future under-five mortality rate according to the Gross Domestic Product because it changes yearly according to the political measures of country. In this paper, we considered two Archimedean copulas namely Gumbel and Clayton.

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Information Measures via Copula Functions

In applications of differential geometry to problems of parametric inference, the notion of divergence is often used to measure the separation between two parametric densities. Among them, in this paper, we will verify measures such as Kullback-Leibler information, J-divergence, Hellinger distance, -Divergence, … and so on. Properties and results related to distance between probability d...

متن کامل

Energy Scheduling in Power Market under Stochastic Dependence Structure

Since the emergence of power market, the target of power generating utilities has mainly switched from cost minimization to revenue maximization. They dispatch their power energy generation units in the uncertain environment of power market. As a result, multi-stage stochastic programming has been applied widely by many power generating agents as a suitable tool for dealing with self-scheduling...

متن کامل

Risk Management in Oil Market: A Comparison between Multivariate GARCH Models and Copula-based Models

H igh price volatility and the risk are the main features of commodity markets. One way to reduce this risk is to apply the hedging policy by future contracts. In this regard, in this paper, we will calculate the optimal hedging ratios for OPEC oil. In this study, besides the multivariate GARCH models, for the first time we use conditional copula models for modelling dependence struc...

متن کامل

Modeling the Dependency Structure between Stocks of Chemical Products Return, Oil Price and Exchange Rate Growth in Iran; an Application of Vine Copula

The main objective of this study is modeling the dependency structure between the returns of oil markets, exchange rate and stocks of chemical products in Iran. For this purpose, the theory of Vine Copula functions is used to investigate the dependency structure. In addition to consider a linear relationship between financial markets in Iran, the nonlinear dependency structure of these markets ...

متن کامل

Parameter Estimation of Some Archimedean Copulas Based on Minimum Cramér-von-Mises Distance

The purpose of this paper is to introduce a new estimation method for estimating the Archimedean copula dependence parameter in the non-parametric setting. The estimation of the dependence parameter has been selected as the value that minimizes the Cramér-von-Mises distance which measures the distance between Empirical Bernstein Kendall distribution function and true Kendall distribution functi...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2017