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The Unequal Effects of the Great Depression on Rural Households in Siam, 1930 – 1934: Crisis Transmission through International Rice Trade

September 7, 2017

DECRG Kuala Lumpur Seminar Series

  • The paper assesses the differential impacts of the Great Depression on different types of households in rural Siam. Based on the first two rural household economic surveys conducted in the country, it empirically exploits the exogenous variation in the pattern of rice cultivation and commercialisation across provinces before and after Siam was fully hit by the Great Depression. Robust to different specifications and measures of the exposure to international trade, it is found that the Great Depression, through international rice trade, significantly affected households that cultivated rice for trade more heavily than subsistence households, in terms of income, expenditure, farm investment, and real debts. The findings show that globalisation in particular the exposure to international trade, even for a small agricultural country in the periphery, had been translated into the exposure to the reduction in household economic conditions during the time of the global crisis.

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  • Thanyaporn Chankrajang

    Lecturer at the Faculty of Economics, Chulalongkorn University, Bangkok, Thailand

    Thanyaporn Chankrajang is a lecturer at the Faculty of Economics, Chulalongkorn University in Bangkok, Thailand. Her research interests span topics in the field of development economics, including land rights, the environment, human capital, and trade. With the focus on empirical work, she applies both contemporary and historical data. Chankrajang earned a Ph.D. in Land Economy from the University of Cambridge, M.Res., M.Sc. (with distinction), and B.Sc. (with first class honours) in Economics from the London School of Economics. Prior to her Ph.D. graduation, she was an intern at UNU-WIDER in Helsinki and worked as a short-term consultant for the World Bank, DC.

Event Details

  • WHEN: Thursday, September 7, 2017; 12:30-2:00PM
  • WHERE: World Bank Malaysia Office, Level 3, Sasana Kijang, No. 2, Jalan Dato’ Onn
  • RSVP: Kindly RSVP by Wednesday, September 6, 2017