Research
Discussion Paper
PIERspectives
aBRIDGEd
PIER Blog
Events
Conferences
Research Workshops
Policy Forums
Seminars
Exchanges
Community
PIER Research Network
Visiting Fellows
Funding and Grants
About Us
Our Organization
Announcements
PIER Board
Staff
Work with Us
Contact Us
TH
EN
Research
Research
Discussion Paper
PIERspectives
aBRIDGEd
PIER Blog
Thailand and the Middle-Income Trap: An Analysis from the Global Value Chain Perspective
Latest discussion Paper
Thailand and the Middle-Income Trap: An Analysis from the Global Value Chain Perspective
ค่าเงินบาทผันผวน: “ตัวปรับสมดุล” หรือ “ตัวป่วน” เศรษฐกิจไทย
Latest aBRIDGEd
ค่าเงินบาทผันผวน: “ตัวปรับสมดุล” หรือ “ตัวป่วน” เศรษฐกิจไทย
Events
Events
Conferences
Research Workshops
Policy Forums
Seminars
Exchanges
Confidence and College Applications: Evidence from a Randomized Intervention
Latest PIER Economic Seminar
Confidence and College Applications: Evidence from a Randomized Intervention
The Impact of Climate Change on Thai Households
Latest PIER Research Exchange
The Impact of Climate Change on Thai Households
สถาบันวิจัยเศรษฐกิจป๋วย อึ๊งภากรณ์
Puey Ungphakorn
Institute for
Economic Research
Puey Ungphakorn Institute for Economic Research
Community
Community
PIER Research Network
Visiting Fellows
Funding and Grants
PIER Research Network
PIER Research Network
Funding & Grants
Funding & Grants
About Us
About Us
Our Organization
Announcements
PIER Board
Staff
Work with Us
Contact Us
Staff
Staff
ลงนามบันทึกข้อตกลงความร่วมมือในการพัฒนาฐานข้อมูลเพื่อแก้ไขปัญหาหนี้สินเกษตรกรไทย
Latest announcement
ลงนามบันทึกข้อตกลงความร่วมมือในการพัฒนาฐานข้อมูลเพื่อแก้ไขปัญหาหนี้สินเกษตรกรไทย
Discussion Paperdp
QR code
Year
2023
2022
2021
2020
...
30 December 2022
20221672358400000

Do Agricultural Debt Moratoriums Help or Hurt? The Heterogenous Impacts on Rural Households in Thailand

Abstract

Majority of Thai agricultural households have been at risk of trapping in persistent debt problems, which could in turn impede their development prospects. Over the past decade, debt moratoriums have been one of the most extensive policies aiming to help Thai agricultural households – resulting in 44.1% of households being in debt moratoriums for more than 4 years. This paper estimates the impacts of agricultural debt moratoriums on households' debt, saving and agricultural investment dynamics using a unique panel data of 1 million representative households nationwide. We found that while the debt moratoriums could decrease delinquency propensity in the short run, they significantly resulted in higher debt accumulation, especially among those with larger debt and those with higher program intensity. The moratoriums had no significant impact on saving, while could increase agricultural investment especially among those with smaller debt. The findings imply that design of Thailand's popular debt moratoriums should be revisited, especially they should be more targeted and limited to short-term relief.

Download full text
The views expressed in this workshop do not necessarily reflect the views of the Puey Ungphakorn Institute for Economic Research or the Bank of Thailand.
Tags: farmer debtdebt moratoriumdebt reliefdebt accumulationagriculturethailand
Lathaporn Ratanavararak
Lathaporn Ratanavararak
Puey Ungphakorn Institute for Economic Research
Sommarat Chantarat
Sommarat Chantarat
Puey Ungphakorn Institute for Economic Research

Puey Ungphakorn Institute for Economic Research

273 Samsen Rd, Phra Nakhon, Bangkok 10200

Phone: 0-2283-6066

Email: pier@bot.or.th

Terms of Service | Personal Data Privacy Policy

Copyright © 2023 by Puey Ungphakorn Institute for Economic Research.

Content on this site is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported license.

Creative Commons Attribution NonCommercial ShareAlike

Get PIER email updates

Facebook
YouTube
Email