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Household debt and universal health coverage in Thailand : empirical evidence on the household savings

by Pongsak Thaweesatidsatean

Title:

Household debt and universal health coverage in Thailand : empirical evidence on the household savings

Author(s):

Pongsak Thaweesatidsatean

Advisor:

Athakrit Thepmongkol

Degree name:

Doctor of Philosophy

Degree level:

Doctoral

Degree discipline:

Economics

Degree department:

School of Development Economics

Degree grantor:

National Institute of Development Administration

Issued date:

2021

Digital Object Identifier (DOI):

10.14457/NIDA.the.2021.23

Publisher:

National Institute of Development Administration

Abstract:

Many studies have found that social security system such as pension system depresses household savings. The Universal Health Coverage (UHC) scheme is a type of social security system in Thailand, but it is questionable whether or not it is contributes to household debt. The two purposes of this paper are to theoretically analyze the pros and cons of implementing the UHC or Co-Payment Scheme (CPS) in a small open economy with the focus on Thailand by using a two-period Overlapping Generations Model (OLG), and to analyze the causal relationship between healthcare subsidy and household savings according to empirical evidence from Thailand. The theoretical results reveal that as long as the public debt level remains manageable, the UHC is recommended over the CPS for countries like Thailand, where people have a low Intertemporal Elasticity of Substitution (IES) since it promotes good health, GDP, consumption, savings, and even economic stability. The empirical evidence supports the theory that the income effect is more robust than the substitution effect in Thailand, and the healthcare subsidy unidirectionally Granger causes household savings to fluctuate in both the long and the short run.

Description:

Thesis (Ph.D. (Economics))--National Institute of Development Administration, 2021

Subject(s):

Saving and investment -- Thailand
Economic forecasting -- Thailand
Substitution (Economics) -- Mathematical models

Keyword(s):

e-Thesis
Household savings
Overlapping Generations Model
Co-payment
Universal health coverage
Impulse response function
ARDL bounds
Income effect
Substitution effect

Resource type:

Dissertation

Extent:

60 leaves

Type:

Text

File type:

application/pdf

Language:

eng

Rights:

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

URI:

https://repository.nida.ac.th/handle/662723737/5979
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ทรัพยากรสารสนเทศทั้งหมดในคลังปัญญา ใช้เพื่อประโยชน์ทางการเรียนการสอนและการค้นคว้าเท่านั้น และต้องมีการอ้างอิงแหล่งที่มาทุกครั้งที่นำไปใช้ ห้ามดัดแปลงเนื้อหา และทำสำเนาต่อ รวมถึงไม่ให้อนุญาตนำไปใช้ประโยชน์เพื่อการค้า ไม่ว่ากรณีใด ๆ ทั้งสิ้น



This item appears in the following Collection(s)

  • GSDE: Dissertations [58]

Except where otherwise noted, content on this site is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International license.

Copyright © National Institute of Development Administration | สถาบันบัณฑิตพัฒนบริหารศาสตร์
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Except where otherwise noted, content on this site is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International license.

Copyright © National Institute of Development Administration | สถาบันบัณฑิตพัฒนบริหารศาสตร์
Library and Information Center | สำนักบรรณสารการพัฒนา
Email: NIDAWR@nida.ac.th    Chat: Facebook Messenger    Facebook: NIDAWisdomRepository
 

 

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