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Research on the exchange rate volatility and dynamic conditional correlation of African currencies/financial markets interdependence appears to be limited. In this paper, we employ GARCH models to characterize the exchange rate volatility of eight major African currencies. The variation of interdependence with respect to time is described using the DCC-GARCH model. From the results of the DCC, remarkable variations in correlations through time across these countries are observed with the correlations varying from low to moderate, suggesting that African economies are generally governed by certain economic factors and are vastly regulated. These regulations, including exchange rate misalignment led to sluggish and negative growth in most of the African countries. For instance, persistent misalignment can cause high levels of inflation, for example, undervaluation. Overvaluation can lead to trade imbalances and they can in turn create macroeconomic instability and balance of payment problems. Given these results, we suggest that policy makers should revamp and adopt state resilience so as to reduce the negative effect of exchange rate misalignment on economic growth.
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We carry out a time series analysis on the yearly crop yield data in six east African countries (Burundi, Kenya, Somalia, Tanzania, Uganda and Rwanda) using the autoregressive integrated moving average (ARIMA) model. We describe the upper tail of the yearly crop yield data in those countries using the power law, lognormal, Fréchet and stretched exponential distributions. The forecast of the fitted ARIMA models suggests that the majority of the crops in different countries will experience neither an increase nor a decrease in yield from 2019 to 2028. A few exceptional cases correspond to significant increase in the yield of sorghum and coffee in Burundi and Rwanda, respectively, and significant decrease in the yield of beans in Burundi, Kenya and Rwanda. Based on Vuong's similarity test p-value, we find that the power law distribution captured the upper tails of yield distribution better than other distributions with just one exceptional case in Uganda, suggesting that these crops have the tendency for producing high yield. We find that only sugar cane in Somalia and sweet potato in Tanzania have the potential of producing extremely high yield. We describe the yield behaviour of these two crops as black swan, where the "rich getting richer" or the "preferential attachment" could be the underlying generating process. Other crops in Burundi, Kenya, Somalia, Tanzania, Uganda and Rwanda can only produce high but not extremely high yields. Various climate adaptation/smart strategies (use of short-duration pigeon pea varieties, use of cassava mosaic disease resistant cassava varieties, use of improved maize varieties, intensive manuring with a combination of green and poultry manure, early planting, etc) that could be adapted to increase yields in east Africa are suggested. The paper could be useful for future agricultural planning and rates calibration in crop risk insurance.
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Produtos Agrícolas , Humanos , Burundi , Grão Comestível , Ruanda , Tanzânia , Fatores de Tempo , Produção Agrícola , África OrientalRESUMO
A two-parameter unit distribution and its regression model plus its extension to 0 and 1 inflation is introduced and studied. The distribution is called the unit upper truncated Weibull (UUTW) distribution, while the inflated variant is called the 0-1 inflated unit upper truncated Weibull (ZOIUUTW) distribution. The UUTW distribution has an increasing and a J-shaped hazard rate function. The parameters of the proposed models are estimated by the method of maximum likelihood estimation. For the UUTW distribution, two practical examples involving household expenditure and maximum flood level data are used to show its flexibility and the proposed distribution demonstrates better fit tendencies than some of the competing unit distributions. Application of the proposed regression model demonstrates adequate capability in describing the real data set with better modeling proficiency than the existing competing models. Then, for the ZOIUUTW distribution, the CD34+ data involving cancer patients are analyzed to show the flexibility of the model in characterizing inflation at both endpoints of the unit interval.
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We provide a survival analysis of cancer patients in Zimbabwe. Our results show that young cancer patients have lower but not significant hazard rate compared to old cancer patients. Male cancer patients have lower but not significant hazard rate compared to female cancer patients. Race and marital status are significant risk factors for cancer patients in Zimbabwe.
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Sobreviventes de Câncer , Neoplasias/epidemiologia , Fatores Socioeconômicos , Adulto , Idoso , Feminino , Humanos , Estimativa de Kaplan-Meier , Masculino , Estado Civil , Pessoa de Meia-Idade , Neoplasias/patologia , Fatores de Risco , Zimbábue/epidemiologiaRESUMO
By standard transformation of a random variable, we obtained a partially bounded one-parameter version of the bounded three-parameter power function distribution by Saran and Pandey (2004) which we called the Transformed Power Function (TPF) distribution and based on an alpha-power transformation method due to Mahdavi and Kundu (2017) we generalized the TPF distribution as the α-Power Transformed Transformed Power Function (αPTTPF) distribution. Some of the properties of the αPTTPF distribution are given, and we approached the parameter estimation by three methods, namely: maximum likelihood, ordinary least-squares, and weighted least-squares, but after comparing the results from a simulation study, we settled for the maximum likelihood. The new distribution is suitable for modeling data with either decreasing or upside-down bathtub hazard rates. Three real data-sets are used to demonstrate the usefulness of the new model.
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OBJECTIVE: In Africa, most countries continue to battle COVID-19 with cases of newly infected still being recorded. In this note, we investigate how socioeconomic and demographic factors affected individuals awareness on the methods for controlling/preventing the spread of COVID-19 in some parts of Africa at the onset of the pandemic. RESULTS: Based on regression modelling, we find that having full awareness does not depend on religious affiliation. Men, urban dwelling, holding bachelors or higher degrees, operating multiple social media accounts or being employed are associated with having full awareness of the recommended practices for the prevention and control of COVID-19 at the early stage of the pandemic. No occupation, business or older people are associated with not having full awareness.
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COVID-19 , Mídias Sociais , África , Idoso , Demografia , Humanos , Masculino , Pandemias , SARS-CoV-2 , Fatores SocioeconômicosRESUMO
A two-parameter Rayleigh-geometric distribution with increasing-decreasing-increasing and strictly increasing hazard rate characteristics is reviewed. Various properties are discussed and expressed analytically. The estimation of the distribution parameters is studied by the method of maximum likelihood and validated by a simulation study. Numerical examples based on two real data-sets on the waiting time in queue and CO2 emissions are given. The Rayleigh-geometric distribution in this paper has a simpler analytical expression compared to the pre-existing distributions with different parameterizations.