Does the Village Fund Matter in Thailand?

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dc.creatorBoonperm, Jirawan
dc.creatorHaughton, Jonathan
dc.creatorKhandker, Shahidur R.
dc.date2012-03-19T19:11:44Z
dc.date2012-03-19T19:11:44Z
dc.date2009-07-01
dc.date.accessioned2026-07-01T00:55:26Z
dc.descriptionThis paper evaluates the impact of the Thailand Village and Urban Revolving Fund on household expenditure, income, and assets. The revolving fund was launched in 2001 when the Government of Thailand promised to provide a million baht (about $22,500) to every village and urban community in Thailand as working capital for locally-run rotating credit associations. The money about $2 billion in total was quickly disbursed to locally-run committees in almost all of Thailand s 74,000 villages and more than 4,500 urban (including military) communities. By May 2005, the committees had lent a total of about $8 billion, with an average loan of $466. Using data from the Thailand Socioeconomic Surveys of 2002 and 2004, each of which surveys almost 35,000 households, the authors find that the borrowers were disproportionately poor and agricultural. A propensity score matching model finds that Fund borrowing in 2004 was associated with, on average, 1.9 percent more income, 3.3 percent more expenditure, and about 5 percent more ownership of durable goods. These results are broadly consistent with the results from instrumental variables models (where the identifying instrument was the inverse of village size), which however show a smaller (marginal) effect. Households that borrowed both from the revolving fund and from the Bank of Agriculture and Agricultural Cooperatives gained substantially more in terms of higher income than those who borrowed from either one or the other or from neither.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20090721132749
dc.identifierhttps://hdl.handle.net/10986/4202
dc.identifierhttps://doi.org/10.1596/1813-9450-5011
dc.identifier.urihttp://hdl.handle.net/123456789/413006
dc.languageEnglish
dc.relationPolicy Research working paper ; no. WPS 5011
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCESS TO CREDIT
dc.subjectAGRICULTURAL ACTIVITIES
dc.subjectAGRICULTURAL COOPERATIVES
dc.subjectAGRICULTURAL INPUTS
dc.subjectAGRICULTURAL LAND
dc.subjectAGRICULTURE
dc.subjectALLOCATION OF CREDIT
dc.subjectANNUAL INCOME
dc.subjectANNUAL INTEREST RATE
dc.subjectANNUAL INTEREST RATES
dc.subjectANTI-POVERTY
dc.subjectASSET ACCUMULATION
dc.subjectASYMMETRIC INFORMATION
dc.subjectAVERAGE EXCHANGE RATE
dc.subjectBANKS
dc.subjectBINDING CONSTRAINT
dc.subjectBORROWER
dc.subjectBORROWING
dc.subjectBORROWING COSTS
dc.subjectCHECKS
dc.subjectCONSUMER
dc.subjectCONSUMER CREDIT
dc.subjectCONSUMER DURABLES
dc.subjectCONSUMER EXPENDITURE
dc.subjectCORRUPTION
dc.subjectCOST-EFFECTIVENESS
dc.subjectCREDIBILITY
dc.subjectCREDIT ASSOCIATIONS
dc.subjectCREDIT MARKET
dc.subjectCREDIT MARKETS
dc.subjectCREDIT SCHEMES
dc.subjectCURRENT INCOME
dc.subjectDEBT
dc.subjectDEPOSITS
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectDIMINISHING RETURNS
dc.subjectDUMMY VARIABLE
dc.subjectDUMMY VARIABLES
dc.subjectDURABLE
dc.subjectDURABLE ASSETS
dc.subjectDURABLE GOODS
dc.subjectDURABLES
dc.subjectEARNINGS
dc.subjectECONOMIC SITUATION
dc.subjectECONOMIC SURVEYS
dc.subjectEDUCATIONAL LEVEL
dc.subjectEMPLOYEE
dc.subjectEQUATIONS
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATE
dc.subjectEXPECTED VALUE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectFAMILIES
dc.subjectFARM ENTERPRISE
dc.subjectFARM ENTERPRISES
dc.subjectFARM HOUSEHOLDS
dc.subjectFARM INCOME
dc.subjectFARMER
dc.subjectFARMERS
dc.subjectFARMING COMMUNITIES
dc.subjectFEMALE BORROWERS
dc.subjectFEMALE-HEADED HOUSEHOLDS
dc.subjectFINANCIAL ASSETS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL SYSTEMS
dc.subjectFUNGIBLE
dc.subjectGENDER
dc.subjectGOVERNMENT SAVINGS
dc.subjectGUARANTORS
dc.subjectHEAD OF HOUSEHOLD
dc.subjectHOLDING
dc.subjectHOUSEHOLD CONSUMPTION
dc.subjectHOUSEHOLD EXPENDITURE
dc.subjectHOUSEHOLD FIXED EFFECTS
dc.subjectHOUSEHOLD HEAD
dc.subjectHOUSEHOLD INCOME
dc.subjectHOUSEHOLD INCOMES
dc.subjectHOUSEHOLD SPENDING
dc.subjectHOUSEHOLD SURVEY
dc.subjectHOUSEHOLD WELFARE
dc.subjectHOUSEHOLDS
dc.subjectINCOME EFFECT
dc.subjectINCREASE IN INCOME
dc.subjectINEQUALITY
dc.subjectINFORMATIONAL ASYMMETRIES
dc.subjectINSTRUMENT
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectLENDERS
dc.subjectLOAN
dc.subjectLOAN APPLICATIONS
dc.subjectLOAN DEFAULT
dc.subjectLOAN SIZE
dc.subjectLOANABLE FUNDS
dc.subjectLOWER INTEREST RATE
dc.subjectMANAGERIAL EFFICIENCY
dc.subjectMAXIMUM LOAN AMOUNTS
dc.subjectMEDICAL CARE
dc.subjectMICRO-LENDING
dc.subjectMICROCREDIT
dc.subjectMICROFINANCE
dc.subjectMINIMUM BALANCE
dc.subjectMONOPOLY
dc.subjectMONTHLY INCOME
dc.subjectNET ASSETS
dc.subjectOUTSIDE LENDERS
dc.subjectOUTSTANDING DEBT
dc.subjectPER CAPITA INCOME
dc.subjectPHYSICAL ASSETS
dc.subjectPOOR
dc.subjectPOOR HOUSEHOLDS
dc.subjectPOVERTY PROGRAMS
dc.subjectPROBABILITY
dc.subjectPRODUCTIVITY
dc.subjectPURCHASES
dc.subjectQUESTIONNAIRE
dc.subjectRATE OF INTEREST
dc.subjectRATE OF RETURN
dc.subjectREGIONAL DUMMIES
dc.subjectREPAYMENT
dc.subjectREPAYMENT OF PRINCIPAL
dc.subjectREPAYMENT PERIODS
dc.subjectREPAYMENTS
dc.subjectRESEARCH ASSISTANCE
dc.subjectRETURNS
dc.subjectREVOLVING FUND
dc.subjectROTATING CREDIT
dc.subjectRURAL
dc.subjectRURAL AREAS
dc.subjectRURAL BANKS
dc.subjectRURAL BORROWERS
dc.subjectRURAL ECONOMY
dc.subjectRURAL FEMALE
dc.subjectRURAL FINANCE
dc.subjectRURAL FINANCE INSTITUTION
dc.subjectRURAL FINANCE INSTITUTIONS
dc.subjectRURAL FINANCIAL INSTITUTIONS
dc.subjectRURAL HOUSEHOLDS
dc.subjectRURAL PROVINCES
dc.subjectSAVINGS
dc.subjectSAVINGS BANK
dc.subjectSAVINGS DEPOSITS
dc.subjectSOURCE OF CREDIT
dc.subjectSOURCES OF CREDIT
dc.subjectSOURCES OF INCOME
dc.subjectSTATE UNIVERSITY
dc.subjectTERMS OF LOANS
dc.subjectURBAN AREAS
dc.subjectURBAN DEVELOPMENT
dc.subjectVALUABLE
dc.subjectVILLAGE
dc.subjectVILLAGE BANK
dc.subjectVILLAGE ECONOMIES
dc.subjectVILLAGE FUND
dc.subjectVILLAGE FUNDS
dc.subjectVILLAGES
dc.subjectWAGE
dc.subjectWORKING CAPITAL
dc.subjectWORTH
dc.titleDoes the Village Fund Matter in Thailand?

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