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The World Bank Research Observer, vol. 17, no. 1 (2002), pp. 1-20
© 2002 International Bank for Reconstruction and Development / The World Bank

Article

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

Fabrizio Bresciani, Gershon Feder, Daniel O. Gilligan, Hanan G. Jacoby, Tongroj Onchan and Jaime Quizon

Graduate student at the University of Maryland, College Park. e-mail bresciani{at}arec.umd.edu
Research Manager in the Development Research Group of the World Bank. gfeder{at}worldbank.org
Graduate student at the University of Maryland, College Park. gilligan{at}merimekong.org
Senior Economist in the Development Research Group of the World Bank. hjacoby{at}worldbank.org
President of the Mekong Environment and Research Institute. onchant{at}merimekong.org
Economist in the Development Research Group of the World Bank. jquizon{at}worldbank.org

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.


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