Details
| Original language | English |
|---|---|
| Pages (from-to) | 153-170 |
| Number of pages | 18 |
| Journal | Journal of Economics and Development |
| Volume | 25 |
| Issue number | 2 |
| Early online date | 24 Jan 2023 |
| Publication status | Published - 15 May 2023 |
Abstract
Purpose: The authors examine the factors affecting households' resilience capacities and the impacts of these capacities on household consumption and crop commercialization. Design/methodology/approach: The authors use panel data of 1,648 households from Thailand collected in three years, 2010, 2013 and 2016. The authors employ an econometric model with an instrumental variable approach to address endogenous issues. Findings: The study results show that the experience of shocks in previous years positively correlates with households' savings per capita and income diversification. Further, a better absorptive capacity in the form of better savings and a better adaptive capacity in the form of higher income diversification have a significant and positive influence on household expenditure per capita and crop commercialization. Practical implications: Development policies and programs aiming to improve income, increase savings and provide income diversification opportunities are strongly recommended. Originality/value: The authors provide empirical evidence on the determinants of resilience strategies and their impacts on local food commercialization from a country in the middle-income group.
Keywords
- Absorptive capacity, Adaptive capacity, Crop commercialization, Instrumental variable, Panel data
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Business, Management and Accounting (miscellaneous)
- Business, Management and Accounting(all)
- Accounting
- Economics, Econometrics and Finance(all)
- Economics, Econometrics and Finance (miscellaneous)
- Economics, Econometrics and Finance(all)
- Economics and Econometrics
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In: Journal of Economics and Development, Vol. 25, No. 2, 15.05.2023, p. 153-170.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Reported shocks, households' resilience and local food commercialization in Thailand
AU - Wang, Menglan
AU - Do, Manh Hung
N1 - Funding Information: The authors would like to thank the respondents from the surveyed provinces for their kind support and cooperation. The authors highly acknowledge the financial support of the German Research Foundation (DFG – FOR 756/2) for the TVSEP project and appreciate the efforts of their colleagues at the Leibniz University Hannover for data collection and cleaning. The authors would like to thank Dr. Trung Thanh Nguyen for his valuable comments and suggestions. The authors would like to thank the editors and two anonymous reviewers for constructive comments and suggestions.
PY - 2023/5/15
Y1 - 2023/5/15
N2 - Purpose: The authors examine the factors affecting households' resilience capacities and the impacts of these capacities on household consumption and crop commercialization. Design/methodology/approach: The authors use panel data of 1,648 households from Thailand collected in three years, 2010, 2013 and 2016. The authors employ an econometric model with an instrumental variable approach to address endogenous issues. Findings: The study results show that the experience of shocks in previous years positively correlates with households' savings per capita and income diversification. Further, a better absorptive capacity in the form of better savings and a better adaptive capacity in the form of higher income diversification have a significant and positive influence on household expenditure per capita and crop commercialization. Practical implications: Development policies and programs aiming to improve income, increase savings and provide income diversification opportunities are strongly recommended. Originality/value: The authors provide empirical evidence on the determinants of resilience strategies and their impacts on local food commercialization from a country in the middle-income group.
AB - Purpose: The authors examine the factors affecting households' resilience capacities and the impacts of these capacities on household consumption and crop commercialization. Design/methodology/approach: The authors use panel data of 1,648 households from Thailand collected in three years, 2010, 2013 and 2016. The authors employ an econometric model with an instrumental variable approach to address endogenous issues. Findings: The study results show that the experience of shocks in previous years positively correlates with households' savings per capita and income diversification. Further, a better absorptive capacity in the form of better savings and a better adaptive capacity in the form of higher income diversification have a significant and positive influence on household expenditure per capita and crop commercialization. Practical implications: Development policies and programs aiming to improve income, increase savings and provide income diversification opportunities are strongly recommended. Originality/value: The authors provide empirical evidence on the determinants of resilience strategies and their impacts on local food commercialization from a country in the middle-income group.
KW - Absorptive capacity
KW - Adaptive capacity
KW - Crop commercialization
KW - Instrumental variable
KW - Panel data
UR - http://www.scopus.com/inward/record.url?scp=85148363182&partnerID=8YFLogxK
U2 - 10.1108/JED-10-2022-0204
DO - 10.1108/JED-10-2022-0204
M3 - Article
AN - SCOPUS:85148363182
VL - 25
SP - 153
EP - 170
JO - Journal of Economics and Development
JF - Journal of Economics and Development
SN - 1859-0020
IS - 2
ER -