Abstract
An increase in household debt become an important issue in developing countries including Thailand. This paper examines factors affecting household debt in 77 provinces in Thailand from 2009 to 2017. The results show that economic factors including household income, inflation rate and household consumption expenditure, and social factors including education, marriage and young population, have significant effects on total household debt. The economic factors significantly affect, especially on debt related to household expenditure, agricultural business and non-agricultural business; while social factors mostly influence debt related to agricultural business, educational debt and debt for purchasing or renting real estate and land.
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