The Surprising Effects of the Great Recession: Losers and Winners in Thailand in 2008-09

被引:3
|
作者
Haughton, Jonathan [1 ]
Khandker, Shahidur R. [2 ]
机构
[1] Suffolk Univ, Boston, MA 02114 USA
[2] World Bank, Washington, DC 20433 USA
关键词
recession; household wellbeing; Thailand; Southeast Asia; FINANCIAL CRISIS; INDONESIA; IMPACT; RISK;
D O I
10.1016/j.worlddev.2013.10.018
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
The "great recession" of 2008-09 affected Thailand significantly, reducing exports by 19% and tourist arrivals by 14%. Yet monthly survey data show, after controlling for household variables, that real consumption per capita rose in 2009 relative to 2008 for most groups, including the poor, and urban and rural households. Losers included some residents of Bangkok, especially those aged 20-29. Nationally, school enrollment rates did not fall, and durables purchases rose. A simulation exercise based on the drop in GDP would have missed these effects. Hence the importance of country-specific policy analysis, rooted in timely local evidence. (C) 2013 Elsevier Ltd. All rights reserved.
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页码:77 / 92
页数:16
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