RELATIONSHIP BETWEEN THE BEHAVIOR OF THE HOUSEHOLD DEBTS AND THE USE OF THE SUFFICIENCY ECONOMY PHILOSOPHY TO MANAGE PUBLIC DEBTS IN THE MODEL SUFFICIENCY ECONOMY VILLAGES IN THE RICH LEVEL IN UBON RATCHATHANI PROVINCE.

Abstract

The objectives of the research were to study 1) the nature of the household debts, 2) the use of the sufficiency economy philosophy, 3) the relationships between the household debts and the application of the sufficiency economy philosophy for debt management, A total of 357 households in the model sufficiency economy villages were studied. The subjects were derived by means of the stratified random sampling. The research instrument was a five-rating scale questionnaire. Statistics used in data analysis were percentage, mean, standard deviation, Pearson’s Co-relation Coefficient, t-test and F-test. The research findings were as follows. The rich households found to be in debt at a high level. Their incomes and spending, their objectives in borrowing, motivation and incentives were moderate. The sufficiency economy philosophy was utilized at a moderate level. The aspects of moderation, rationality, good immunity and virtues were found to be at a high level. Knowledge was found to be at a moderate level. As regards the relation between the behavior of household debts and the use of the sufficiency economy philosophy for the public debt management, it was found that the household debt burdens were related to virtues, knowledge and good immunity. Incomes and spending were related to good immunity, knowledge and virtues. The main objectives in borrowing were related to virtues, good immunity, moderation and knowledge. Motivation and incentives were related to good immunity, virtues, rationality, moderation, and knowledge with a statistical significance at level 0.01.