Booms and Busts in Chinese Agricultural Markets: An Agent-Based Model

Table 2

Sample moments and simulated moments of return series.

	Garlic		Ginger
Moments	Sample	Simulated	Sample	Simulated
Mean	1.005654	1.012601	0.999997	1.003528
Variance	0.015937	0.019276	0.006618	0.002608
Skewness	1.104322	1.090279	0.391738	0.391610
Kurtosis	4.356395	4.335239	2.465169	2.465194
Cov(rt, rt − 1)	0.006836	0.007562	0.003036	0.006368
Cov(rt, rt − 2)	0.002303	0.001825	0.001374	0.001931
Cov(rt, rt − 3)	0.000946	0.000251	0.000394	0.000493
	1.086123	1.047242	1.021625	1.024045
	1.067539	1.075341	1.012052	1.013522
	1.060742	1.079454	1.007846	1.013871