Villages as Small Open Economies

Robert M. Townsend
Archawa Paweenawat
Publication Type: 
Working Papers
Publication Article File: 
Publication Year: 
2011

We propose a framework to generate village economic accounts and village balance of payments accounts from a micro-level household survey based on Townsend-Thai survey data. We study village economies through the lens of international economics, both real and financial.

Region: 
East Asia and the Pacific
Country: 
Thailand
Topic: 
Informal Economy
Topic: 
Payments Systems
Topic: 
Enterprise
Topic: 
Savings
Topic: 
Consumption