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

Author

Listed:
  • Fabrizio Bresciani

    () (Graduate student at the University of Maryland, College Park.)

  • Gershon Feder
  • Daniel O. Gilligan
  • Hanan G. Jacoby
  • Tongroj Onchan
  • Jaime Quizon

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. Copyright 2002, Oxford University Press.

Suggested Citation

  • Fabrizio Bresciani & Gershon Feder & Daniel O. Gilligan & Hanan G. Jacoby & Tongroj Onchan & Jaime Quizon, 2002. "Weathering the Storm: The Impact of the East Asian Crisis on Farm Households in Indonesia and Thailand," World Bank Research Observer, World Bank Group, vol. 17(1), pages 1-20.
  • Handle: RePEc:oup:wbrobs:v:17:y:2002:i:1:p:1-20
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    Citations

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    Cited by:

    1. Khanna, Gaurav & Newhouse, David & Paci, Pierella, 2011. "Fewer Jobs or Smaller Paychecks? Aggregate Crisis Impacts in Selected Middle-Income Countries," IZA Discussion Papers 5956, Institute for the Study of Labor (IZA).
    2. Derek Headey & Olivier Ecker & Jean-Francois Trinh Tan, 2014. "Shocks to the system: monitoring food security in a volatile world," Chapters,in: Handbook on Food, chapter 3, pages 41-71 Edward Elgar Publishing.
    3. Khanna, Gaurav & Newhouse, David & Paci, Pierella, 2010. "Fewer Jobs or Smaller Paychecks? Labor Market Impacts of the Recent Crisis in Middle-Income Countries," World Bank - Economic Premise, The World Bank, issue 11, pages 1-4, April.
    4. Haughton, Jonathan & Khandker, Shahidur R., 2012. "The surprising effects of the great recession : losers and winners in Thailand in 2008-2009," Policy Research Working Paper Series 6255, The World Bank.
    5. Haughton, Jonathan & Khandker, Shahidur R., 2014. "The Surprising Effects of the Great Recession: Losers and Winners in Thailand in 2008–09," World Development, Elsevier, vol. 56(C), pages 77-92.
    6. Khandker, Shahidur R. & Koolwal, Gayatri B. & Haughtonm Jonathan & Jitsuchon, Somchai, 2012. "Household coping and response to government stimulus in an economic crisis : evidence from Thailand," Policy Research Working Paper Series 6016, The World Bank.
    7. Nicola Jones & Hannah Marsden, 2010. "Assessing the Impacts of and Response to the 1997-98 Asian Financial Crisis through a Child Rights Lens," Working papers 1002, UNICEF,Division of Policy and Strategy.
    8. Duncan Thomas & Elizabeth Frankenberg, 2007. "Household Responses to the Financial Crisis in Indonesia: Longitudinal Evidence on Poverty, Resources, and Well-Being," NBER Chapters,in: Globalization and Poverty, pages 517-560 National Bureau of Economic Research, Inc.
    9. World Bank, 2012. "Addressing Vulnerability in East Asia : A Regional Study," World Bank Other Operational Studies 11900, The World Bank.
    10. Bonilla, Eugenio Diaz, 2008. "Global macroeconomic developments and poverty:," IFPRI discussion papers 766, International Food Policy Research Institute (IFPRI).
    11. N.C. Saxena & Tim Conway & Cecilia Luttrell & Edward Anderson & John Farrington & Gerard Gill, 2016. "Food Security and the Millennium Development Goal on Hunger in Asia," Working Papers id:11094, eSocialSciences.

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