Journal of Quantitative Economics

, Volume 17, Issue 3, pp 667–698 | Cite as

Extremal Economic (Inter)Dependence Studies: A Case of the Eastern European Countries

  • Roman MatkovskyyEmail author
Original Article


This paper considers the application of copula models to study the shifts in extremal economic dependence of the Eastern European countries, i.e., Ukraine and its neighbouring countries, from 1969 to 2014. Extremal economic dependence is analysed in terms of poverty and affluence and with regard to growth rate. This paper contributes to the previous literature by applying the copula approaches to derive the measurements of the economic interdependence in terms of poverty and affluence. The received results depict the pattern of the (inter)dependence and its evolution across the analysed countries. Dependence on other countries in the extreme values can potentially be useful in adjustments of the economic policy of a country to minimize poverty and prevent high inequality.


Dependence Development Copula Inequality Eastern Europe 

Mathematics Subject Classification

C14 C10 O57 O52 F02 



The author wishes to acknowledge the anonymous reviewer for the detailed and helpful comments to the manuscript.


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© The Indian Econometric Society 2018

Authors and Affiliations

  1. 1.Department of Finance and AccountingRennes School of BusinessRennesFrance

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