Reaction effects of the COVID-19 pandemic on Thailand’s household expenditure patterns

Chutarat Noosuwan (), Christopher Gan and Tullaya Boonsaeng
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Chutarat Noosuwan: Kasetsart University, Sriracha Campus
Christopher Gan: Lincoln University
Tullaya Boonsaeng: New Mexico State University

Empirical Economics, 2025, vol. 68, issue 6, No 4, 2587-2654

Abstract: Abstract This study examines reactions to the COVID-19 pandemic based on changes in demand. The Exact Affine Stone Index demand system with provincial consumer price indices is used to investigate the direct and indirect effects of the COVID-19 pandemic on Thailand’s household expenditure patterns. The results indicate that Thai households substituted their expenditure between commodity groups towards home-cooked food, mortgage and rent, and health care and away from transport. Our heterogeneity analysis specifies that, based on marginal effects and expenditure and price elasticities, urban households with less educated heads experience an imperative reaction by being more vulnerable to food during the pandemic. Urban households with less educated heads, facing higher-risk perception, are most affected by the COVID-19 pandemic in Thailand.

Keywords: COVID-19; Consumer behaviour; Exact Affine Stone Index demand; Thailand (search for similar items in EconPapers)
JEL-codes: D12 D13 F60 R20 (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s00181-025-02718-z

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