Year of Award
Master of Arts (MA)
Department or School/College
Department of Economics
Amanda Dawsey, Keith Bosak
Thailand, fertility, microloans, development
University of Montana
Econometrics | Growth and Development
This study evaluates the impact of Thailand’s Million Baht Village Fund program on household fertility decisions. Thailand’s fertility rates are alarmingly low and it is imperative to recognize the unintended consequences a microfinance program may have on fertility choices within Thailand. Using panel data from pre- and post-program years, this research identifies the change in number of babies in a household associated with getting a microloan from the Village Fund program. The quasi-experimental nature of the program and an instrumental variable model with fixed effects identifies a negative relationship between the number of babies within families and participation in the microfinance program. Although the impact is statistically significant, the decrease in babies due to participation is not of practical significance.
Felstet, Kaci, "How Does the Million Baht Village Fund Impact Fertility in Thailand?" (2017). Graduate Student Theses, Dissertations, & Professional Papers. 10928.
© Copyright 2017 Kaci Felstet