Economic Policy Uncertainty and Conditional Dependence between China and U.S. Stock Markets

Table 5

Estimation results for various Copulas.

	Gaussian	Student-	Gumbel	Survival Gumbel	Clayton	Survival Clayton
	0.1191	0.1165	1.0627	1.0651	0.1250	0.1099
	(0.0160)	(0.0166)	(0.0113)	(0.0110)	(0.0198)	(0.0199)
		31.1864
		(17.5890)
Log-lik	26.7349	28.4350	19.6637	27.5177	24.8943	18.1982
AIC	−51.4698	−52.8700	−37.3274	−52.0123	−47.7887	−34.3964

Note. Log-lik denotes the log likelihood, and AIC denotes the Akaike information criterion.