Determinants of income diversification and its effects on rural household income in Vietnam

Ho Thi Ngoc Diep * and Ha Thuc Vien

* Corresponding author (diepho84@yahoo.com.vn)

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Received: 25 May 2016
Revised: 10 Jul 2016
Accepted: 29 Jul 2017
Published: 31 Jul 2017
DOI: 10.22144/ctu.jen.2017.039
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Ho, T. N. D., & Ha, T. V. (2017). Determinants of income diversification and its effects on rural household income in Vietnam. CTU Journal of Innovation and Sustainable Development , (06), 153-162. https://doi.org/10.22144/ctu.jen.2017.039
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No. 06 (2017)

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Abstract

  ABSTRACT This article aims at examining determinants of income diversification among rural households in Vietnam and the impacts of diversification on household income. The Poisson and Tobit regression methods are applied. The data for this empirical study is detached from Vietnam Household Living Standard Surveys (VHLSS) conducted from 2002 to 2010. The regression results show socio-economic factors have strong influence on household income diversification and in turn, income diversification has positive impact on household income growth. It implies that income diversification is an important strategy to improve household livelihoods while access to and resource availability determine household income diversification.  Keywords: Determinants, impacts, income diversification, Possion, Tobit, Vietnam.
Keywords: Determinants, impacts, income diversification, Poisson, Tobit, VHLSS, Vietnam

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