ECONOMIC DETERMINANTS OF OVER-INDEBTEDNESS IN AGRICULTURAL HOUSEHOLDS: A ROI-ET PROVINCE, THAILAND CASE STUDY
This study investigates factors contributing to over-indebtedness in 416 agricultural households in Roi-et Province, Thailand, using heteroscedasticity-corrected weighted least squares regression. Key determinants include agricultural assets, health shocks, communication payments, agricultural production input, and natural shocks, all with significant coefficients. Increased agricultural assets, communication payments, and agricultural production input correlate with decreased over-indebtedness, highlighting their mitigating impact. Conversely, higher occurrences of health shocks and natural shocks are linked to increased over-indebtedness. Gender, age, educational level, family size, and farm size exhibit non-significant coefficients. The findings underscore the pivotal roles of agricultural assets, communication payments, and effective risk management in alleviating over-indebtedness, suggesting targeted interventions in these areas for enhancing financial stability in agricultural households.
Over-Indebtedness; Agriculture; Households; Income; Shocks.