DETERMINANTS OF HOUSEHOLDS’ EDUCATIONAL EXPENDITURE IN THE MEKONG DELTA OF VIETNAM

This study investigates the determinants of households’ educational expenditure in the Mekong Delta through the Viet Nam Living Standard Survey (VHLSS) data in 2022. The Tobit model is used to identify factors that may influence and explain the households’ expenditure on education in the Mekong Del...

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Main Authors: Quang Vang Dang, Quoc Duy Vuong
Format: Article
Language:English
Published: FINTECH Alliance LLC 2023-10-01
Series:Фінансово-кредитна діяльність: проблеми теорії та практики
Subjects:
Online Access:https://fkd.net.ua/index.php/fkd/article/view/4127
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author Quang Vang Dang
Quoc Duy Vuong
author_facet Quang Vang Dang
Quoc Duy Vuong
author_sort Quang Vang Dang
collection DOAJ
description This study investigates the determinants of households’ educational expenditure in the Mekong Delta through the Viet Nam Living Standard Survey (VHLSS) data in 2022. The Tobit model is used to identify factors that may influence and explain the households’ expenditure on education in the Mekong Delta. The findings found that eight factors have a statistically significant impact of 1% to 10% on the households' educational expenditure. They include 06 factors (age of household head, ethnicity of household head, household’s size, place of residence, households with additional studying members and household’s average income) which positively impact on the households’ educational consumption and the other factors (educational level of household head and participation in local government) which have negative impacts on the educational consumption of the households. Given findings enable us to propose various suggestions to optimize the investment and expenditure for the education of households in the Mekong Delta.
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spelling doaj.art-33e61805b62049d7b77bc63524e4bff82023-10-31T08:22:19ZengFINTECH Alliance LLCФінансово-кредитна діяльність: проблеми теорії та практики2306-49942310-87702023-10-0155210.55643/fcaptp.5.52.2023.4127DETERMINANTS OF HOUSEHOLDS’ EDUCATIONAL EXPENDITURE IN THE MEKONG DELTA OF VIETNAMQuang Vang Dang0Quoc Duy Vuong1PhD in Economics, Academician, Dean of Faculty of Economics, Ho Chi Minh University of Technology and Education, Ho Chi Minh City, VietnamPhD in Economics, Academician, Associate Professor, Can Tho University, Can Tho City, Vietnam This study investigates the determinants of households’ educational expenditure in the Mekong Delta through the Viet Nam Living Standard Survey (VHLSS) data in 2022. The Tobit model is used to identify factors that may influence and explain the households’ expenditure on education in the Mekong Delta. The findings found that eight factors have a statistically significant impact of 1% to 10% on the households' educational expenditure. They include 06 factors (age of household head, ethnicity of household head, household’s size, place of residence, households with additional studying members and household’s average income) which positively impact on the households’ educational consumption and the other factors (educational level of household head and participation in local government) which have negative impacts on the educational consumption of the households. Given findings enable us to propose various suggestions to optimize the investment and expenditure for the education of households in the Mekong Delta. https://fkd.net.ua/index.php/fkd/article/view/4127educational expenditurehouseholdsTobit modelVietnam
spellingShingle Quang Vang Dang
Quoc Duy Vuong
DETERMINANTS OF HOUSEHOLDS’ EDUCATIONAL EXPENDITURE IN THE MEKONG DELTA OF VIETNAM
Фінансово-кредитна діяльність: проблеми теорії та практики
educational expenditure
households
Tobit model
Vietnam
title DETERMINANTS OF HOUSEHOLDS’ EDUCATIONAL EXPENDITURE IN THE MEKONG DELTA OF VIETNAM
title_full DETERMINANTS OF HOUSEHOLDS’ EDUCATIONAL EXPENDITURE IN THE MEKONG DELTA OF VIETNAM
title_fullStr DETERMINANTS OF HOUSEHOLDS’ EDUCATIONAL EXPENDITURE IN THE MEKONG DELTA OF VIETNAM
title_full_unstemmed DETERMINANTS OF HOUSEHOLDS’ EDUCATIONAL EXPENDITURE IN THE MEKONG DELTA OF VIETNAM
title_short DETERMINANTS OF HOUSEHOLDS’ EDUCATIONAL EXPENDITURE IN THE MEKONG DELTA OF VIETNAM
title_sort determinants of households educational expenditure in the mekong delta of vietnam
topic educational expenditure
households
Tobit model
Vietnam
url https://fkd.net.ua/index.php/fkd/article/view/4127
work_keys_str_mv AT quangvangdang determinantsofhouseholdseducationalexpenditureinthemekongdeltaofvietnam
AT quocduyvuong determinantsofhouseholdseducationalexpenditureinthemekongdeltaofvietnam