IS THERE AN ENVIRONMENTAL KUZNETS CURVE FOR NATURAL HAZARDS IN THE THAI AGRICULTURAL SECTOR?

Pukkanut Peuaksakon and Penporn Janekarnkij Author-Email : Penporn.j@ku.ac.th
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Penporn Janekarnkij Author-Email : Penporn.j@ku.ac.th: Department of Agricultural and Resource Economics,Faculty of Economics,Kasetsart University,Thailand

No 201505, Working Papers from Kasetsart University, Department of Agricultural and Resource Economics

Abstract: Over the past 20 years, flood and drought in Thailand have impacted up to 2.58 million farming households and caused damages about 6,000 million Baht each year. Various studies have examined natural hazard impacts on the Thai economy and particularly on agricultural sector. Moving towards sustainable development, economic vulnerability to natural hazards should be improved which could be linked to disaster mitigation policies and development. This study aims to explore the Kuznets relationship between economic growth and damages from flood and drought in the Thai agricultural sector using annual data at the provincial levels during 1989-2012. It is hypothesized that as the country becomes wealthier, appropriate development and investment in disaster mitigation could lead to disaster reduction in agricultural sector. Results from the random effect regression support the Kuznets hypothesis in the models for both flood and drought. Precipitation variation increases agricultural damages due to flood and drought significantly. Agricultural damages reduce with rising provincial incomes, increased flood retention area and increased areas for perennial crops.

Keywords: Flood; Drought; Thai agricultural sector; Environmental Kuznets curve (search for similar items in EconPapers)
JEL-codes: O44 Q54 (search for similar items in EconPapers)
Pages: 11 pages
Date: 2015-07
New Economics Papers: this item is included in nep-agr, nep-env and nep-sea
References: View references in EconPapers View complete reference list from CitEc
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Published in ARE Working Paper No. 2558/4 (July 2015)

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