Weathering the Storm: The Impact of the East Asian Crisis on Farm Households in Indonesia and Thailand

Posted: 29 Feb 2008

See all articles by Fabrizio Bresciani

Fabrizio Bresciani

University of Maryland

Daniel O. Gilligan

International Food Policy Research Institute (IFPRI)

Gershon Feder

World Bank - Development Research Group (DECRG)

Tongroj Onchan

affiliation not provided to SSRN

Hanan G. Jacoby

World Bank - Agriculture and Rural Development Department; World Bank - Development Research Group (DECRG)

Abstract

This article assesses the impact of the East Asian financial crisis on farm households in two of the region's most affected countries. Indonesia and Thailand, using detailed household-level survey data collected before and after the crisis began. Although the nature of the shocks in the two countries were similar, the impact on farmers' income (particularly on distribution) was quite different. In Thailand, poor farmers bore the brunt of the crisis, in part because of their greater reliance on the urban economy, than did poor farmers in Indonesia. Urban-rural links are much weaker in Indonesia. Farmers in both countries, particularly those specializing in export crops, benefited from the currency devaluation. Although there is some evidence that the productivity of the smallest landholders declined over the period in question, it is difficult to attribute this directly to the financial crisis. At least in Thailand, a rural credit crunch does not seem to have materialized.

Suggested Citation

Bresciani, Fabrizio and Gilligan, Daniel O. and Feder, Gershon and Onchan, Tongroj and Jacoby, Hanan G., Weathering the Storm: The Impact of the East Asian Crisis on Farm Households in Indonesia and Thailand. World Bank Research Observer, Vol. 17, No. 1, pp. 1-20, 2002. Available at SSRN: https://ssrn.com/abstract=873703

Fabrizio Bresciani (Contact Author)

University of Maryland ( email )

College Park
College Park, MD 20742
United States

Daniel O. Gilligan (Contact Author)

International Food Policy Research Institute (IFPRI) ( email )

2033 K St., NW
Washington, DC 20006-1002
United States
202-862-8146 (Phone)
202-467-4439 (Fax)

Gershon Feder (Contact Author)

World Bank - Development Research Group (DECRG) ( email )

1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States

HOME PAGE: http://econ.worldbank.org/staff/gfeder

Tongroj Onchan (Contact Author)

affiliation not provided to SSRN ( email )

Hanan G. Jacoby

World Bank - Agriculture and Rural Development Department ( email )

1818 H Street, N.W.
Washington, DC 20433
United States

HOME PAGE: http://econ.worldbank.org/staff/hjacoby

World Bank - Development Research Group (DECRG)

1818 H. Street, N.W.
MSN3-311
Washington, DC 20433
United States

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