MARKOVSTEADYSTATE: Stata module to compute steady state probabilities for Markov chains

Ariel Linden ()
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Ariel Linden: Linden Consulting Group, LLC

Statistical Software Components from Boston College Department of Economics

Abstract: markovsteadystate computes the steady-state probabilities of the Markov chain (also referred to as equilibrium distribution or stationary distribution), indicating the long-term behavior of the system regardless of the initial state. In other words, it is the state the chain settles into after many transitions.

Language: Stata
Requires: Stata version 11
Keywords: Markov chain; discrete time Markov chain; transition probabilities; steady state probabilities (search for similar items in EconPapers)
Date: 2025-07-18
Note: This module should be installed from within Stata by typing "ssc install markovsteadystate". The module is made available under terms of the GPL v3 (https://www.gnu.org/licenses/gpl-3.0.txt). Windows users should not attempt to download these files with a web browser.
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http://fmwww.bc.edu/repec/bocode/m/markovsteadystate.ado program code (text/plain)
http://fmwww.bc.edu/repec/bocode/m/markovsteadystate.sthlp help file (text/plain)

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Persistent link: https://EconPapers.repec.org/RePEc:boc:bocode:s459476

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