search for: optmum

...ss code, the initial guess for the Transition Matrix (probability of going from one regime to the other) could be chosen arbitrary, but unfortunately this is not the case for our R code. Also, we do not have Gauss available to test the original source code. A function used in Gauss is called "optmum", while R has a function called "optim". Are these the same? If not, this might be the cause of our convergence problems. I would be glad to share the R program with anyone interested, as well as the panel data used in the analysis. Best, J?rgen Blystad Houge jorgehou at stud.ntnu....