Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/181427 
Year of Publication: 
2018
Series/Report no.: 
TVSEP Working Paper No. WP-008
Publisher: 
Leibniz Universität Hannover, Thailand Vietnam Socio Economic Panel (TVSEP), Hannover
Abstract: 
In 2009, the Thai government implemented a price insurance scheme for rice farmers. The program, which was abandoned after only one year, added to the incomes of registered farmers a non-negative but stochastic amount that was decoupled from farmers' agricultural activities. A rich panel data set spanning from 2008 to 2013 enables us to control for self-selection into the program and to study its impact on small-scale rice farmers in relatively poor Northeastern Thailand. Program participation increases rice production but also leads to shifts in the composition of income generating activities away from agriculture, which may be beneficial for rural development. Decreasing risk-aversion and relieved credit constraints may be possible channels for these effects.
Subjects: 
Cash transfers
Agricultural subsidies
Farm households
Thailand
Propensity score matching
JEL: 
D13
H25
I38
Q12
Document Type: 
Working Paper

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