Impact of Subsidy Schemes on the Economic Well-Being of Households in Vietnam

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NGUYEN HOANG OANH, NGUYEN HONG NGOC, hO ĐINH BAO, Nguyễn Hoàng Oanh⁽¹⁾

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Impact of Subsidy Schemes on the Economic Well-Being of Households in Vietnam

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Journal of Economics and Development

Năm xuất bản

2017

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1

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This paper uses the Propensity Score Matching method (PSM) to determine the criteria of eligibility for production and income subsidies and the Difference-in-Difference method (DID) to evaluate the impact of these policies on households' economic well-being in Vietnam. The empirical results indicate that though these policies have not contributed to a clear economic well-being improvement of the participating households, their impacts tend to move in a positive direction. It should be noted that though these policies do not make the income/expenditure of the participating households increase, they help increase the income component f-rom agricultural production significantly, especially for the group receiving production subsidies, and at the same time increase spending on durable goods and health care services in comparison with nonparticipating households.

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