Search

How off‐farm employment can enhance welfare in terms of food consumption and poverty alleviation is a critical question facing many developing countries. This study addressed that question by pursuing two objectives: (i) to quantify the impact of off‐farm employment on rural households' welfare, food security and poverty; and (ii) to examine the factors that affect their decision to work off‐farm. Using panel data, we estimated a difference‐in‐difference combined with a propensity score matching model. The findings show that off‐farm employment improves income, ensures food security and contributes to poverty alleviation. The results also show that age, marital status, education, labour, financial capital, land, location, market access and losses from natural disasters are significant contributing factors to the decision to participate in off‐farm employment. The findings suggest that to improve the welfare of rural households, the Vietnamese government should proceed with policies that enhance their opportunities for participation in off‐farm employment. [ABSTRACT FROM AUTHOR]

Abstract Since its birth in 1970s, microcredit has been growing rapidly with the aim to reduce poverty and to promote economic growth. Using the large panel data of the Vietnam Access to Resources Household Surveys, the objectives are twofold: (i) to evaluate the micro-impact of microcredit on rural household economy, particularly on output value and net income of rural households, using Matched Difference-in-Difference method; and (ii) to evaluate its macro-impact on economic growth, especially the aggregate effect of production increase and income growth, using Input–Output analysis. The results at micro level find that microcredit benefits self-employment rather than other economic activities of households. The salient results from the macro-economic analysis reveal that, not as expected, the effect of microcredit on output increase is not so large. The findings suggest that microcredit is an effective development strategy at both micro and macro levels, thus the Vietnamese government should enact the relevant policies to enhance the effectiveness and outreach of microcredit. [ABSTRACT FROM AUTHOR]