Title: Factors affecting household debt in Thailand

Authors: Attasuda Lerskullawat

Addresses: Department of Economics, Faculty of Economics, Kasetsart University, 50 Ngam Wong Wan Rd., Lat Yao, Chatuchak, Bangkok 10900, Thailand

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.

Keywords: household debt; economic factor; social factor; provincial data; Thailand.

DOI: 10.1504/IJEPEE.2020.109584

International Journal of Economic Policy in Emerging Economies, 2020 Vol.13 No.4, pp.327 - 336

Received: 25 Jun 2019
Accepted: 02 Dec 2019

Published online: 15 Sep 2020 *

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