@article{Leerattanakorn:284846,
      recid = {284846},
      author = {Leerattanakorn, Misachon and Wiboonpongse, Aree},
      title = {Sufficiency Economy Philosophy and Happiness of Farmers in  Thailand},
      address = {2017-01},
      number = {2196-2019-1302},
      pages = {17},
      year = {2017},
      abstract = {Although Thailand has previously applied the Sufficiency  Economy Philosophy in its development paradigm, few  quantitative studies focus on the magnitude of the effect  of Sufficiency Economy Philosophy on happiness. This  focuses on the farmers who live in upper northern Thailand.  Result from Ordered Logit regression shows that Sufficiency  Economy Intensity (SEI) has a strong positive relationship  with subjective happiness. The more the SEI adaptation, the  happier the farmers are. Subjective happiness is also  positively correlated with objective happiness and absolute  income. Comparing the effect of all including variables,  SEI is the most powerful variable to increase happiness  while the power of objective happiness and absolute  household income are limited. While real relative income  variables are insignificant, attitude toward relative  income has a strong positive significant relationship with  the subjective happiness level. That means “attitude or  perception” is more important than “real situation” in the  view of farmers. Moreover, farmers with less income  aspiration or ambition seem to be happier than those with  more. After the effects of objective happiness, household  income, relative income, and income aspiration were  controlled through the research model, SEI still affected  subjective happiness. This result confirms that Sufficiency  Economy Philosophy can effectively affect one’s mental  happiness, which is the core concept of the Sufficiency  Economy Philosophy.},
      url = {http://ageconsearch.umn.edu/record/284846},
      doi = {https://doi.org/10.22004/ag.econ.284846},
}