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Factors affecting household debt in Thailand

Author

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  • Attasuda Lerskullawat

Abstract

An increase in household debt become an important issue in developing countries including Thailand. This paper examines factors affecting household debt in 77 provinces in Thailand from 2009 to 2017. The results show that economic factors including household income, inflation rate and household consumption expenditure, and social factors including education, marriage and young population, have significant effects on total household debt. The economic factors significantly affect, especially on debt related to household expenditure, agricultural business and non-agricultural business; while social factors mostly influence debt related to agricultural business, educational debt and debt for purchasing or renting real estate and land.

Suggested Citation

  • Attasuda Lerskullawat, 2020. "Factors affecting household debt in Thailand," International Journal of Economic Policy in Emerging Economies, Inderscience Enterprises Ltd, vol. 13(4), pages 327-336.
    • Handle: RePEc:ids:ijepee:v:13:y:2020:i:4:p:327-336
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    Cited by:

    1. Benyan Tan & Yingzhu Guo & Yan Wu, 2024. "The influence and mechanism of female-headed households on household debt risk: empirical evidence from China," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-15, December.
    2. Paravee Maneejuk & Sopanid Teerachai & Atinuch Ratchakit & Woraphon Yamaka, 2021. "Analysis of Difference in Household Debt across Regions of Thailand," Sustainability, MDPI, vol. 13(21), pages 1-24, November.

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