Analysis of Difference in Household Debt across Regions of Thailand

This study analyzed the determinants of household debt in Thailand at both the regional and the national levels using the panel data of 76 provinces over the years 2009–2017. The Panel Quantile Regression Model was employed to enable the analysis of the formation of household debt ranging from low t...

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Autores principales:	Paravee Maneejuk, Sopanid Teerachai, Atinuch Ratchakit, Woraphon Yamaka
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	debt convergence household debt inequality panel quantile regression Thailand Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
Acceso en línea:	https://doaj.org/article/d90fb0043e2b40ae8b352199915b13ea
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id	oai:doaj.org-article:d90fb0043e2b40ae8b352199915b13ea
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spelling	oai:doaj.org-article:d90fb0043e2b40ae8b352199915b13ea2021-11-11T19:49:17ZAnalysis of Difference in Household Debt across Regions of Thailand10.3390/su1321122532071-1050https://doaj.org/article/d90fb0043e2b40ae8b352199915b13ea2021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/21/12253https://doaj.org/toc/2071-1050This study analyzed the determinants of household debt in Thailand at both the regional and the national levels using the panel data of 76 provinces over the years 2009–2017. The Panel Quantile Regression Model was employed to enable the analysis of the formation of household debt ranging from low to high levels. The findings indicate that household indebtedness in different regions has been shaped by a variety of factors, and that households in the same region with different levels of debt burden would experience different impacts or outcomes. We also tested the convergence of household debt, which produced the thought-provoking finding that household debt convergence failed to occur at both the national and the regional levels, while household debt divergence was found instead at the statistical significance level in some regions. The growing debt divergence phenomenon might be an outcome indicator of the unequal access to credit sources among different households in Thai society.Paravee ManeejukSopanid TeerachaiAtinuch RatchakitWoraphon YamakaMDPI AGarticledebt convergencehousehold debtinequalitypanel quantile regressionThailandEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12253, p 12253 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	debt convergence household debt inequality panel quantile regression Thailand Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350
spellingShingle	debt convergence household debt inequality panel quantile regression Thailand Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Paravee Maneejuk Sopanid Teerachai Atinuch Ratchakit Woraphon Yamaka Analysis of Difference in Household Debt across Regions of Thailand
description	This study analyzed the determinants of household debt in Thailand at both the regional and the national levels using the panel data of 76 provinces over the years 2009–2017. The Panel Quantile Regression Model was employed to enable the analysis of the formation of household debt ranging from low to high levels. The findings indicate that household indebtedness in different regions has been shaped by a variety of factors, and that households in the same region with different levels of debt burden would experience different impacts or outcomes. We also tested the convergence of household debt, which produced the thought-provoking finding that household debt convergence failed to occur at both the national and the regional levels, while household debt divergence was found instead at the statistical significance level in some regions. The growing debt divergence phenomenon might be an outcome indicator of the unequal access to credit sources among different households in Thai society.
format	article
author	Paravee Maneejuk Sopanid Teerachai Atinuch Ratchakit Woraphon Yamaka
author_facet	Paravee Maneejuk Sopanid Teerachai Atinuch Ratchakit Woraphon Yamaka
author_sort	Paravee Maneejuk
title	Analysis of Difference in Household Debt across Regions of Thailand
title_short	Analysis of Difference in Household Debt across Regions of Thailand
title_full	Analysis of Difference in Household Debt across Regions of Thailand
title_fullStr	Analysis of Difference in Household Debt across Regions of Thailand
title_full_unstemmed	Analysis of Difference in Household Debt across Regions of Thailand
title_sort	analysis of difference in household debt across regions of thailand
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/d90fb0043e2b40ae8b352199915b13ea
work_keys_str_mv	AT paraveemaneejuk analysisofdifferenceinhouseholddebtacrossregionsofthailand AT sopanidteerachai analysisofdifferenceinhouseholddebtacrossregionsofthailand AT atinuchratchakit analysisofdifferenceinhouseholddebtacrossregionsofthailand AT woraphonyamaka analysisofdifferenceinhouseholddebtacrossregionsofthailand
_version_	1718431439321563136

Analysis of Difference in Household Debt across Regions of Thailand

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