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Rising household debt in Cambodia: effects of agricultural land prices and registration

Kenjiro Yagura

Agricultural Finance Review2026https://doi.org/10.1108/afr-03-2025-0038article
AJG 1ABDC C
Weight
0.50

What the paper says

Purpose This study investigates the factors behind the rapid increase in household debt to financial institutions in Cambodia during the 2010s, focusing on the roles of agricultural land prices, land registration and financial institutions’ lending behavior. Design/methodology/approach Econometric analyses are conducted using household-level data from the Cambodia Socio-Economic Survey to examine how changes in land prices and land registration influenced household borrowing, while also considering shifts in financial institutions’ lending stance. Findings The results suggest that rising agricultural land prices significantly contributed to the increase in household debt in the late 2010s by enhancing the collateral value of land. In contrast, the impact of land registration was relatively small. Additionally, financial institutions appear to have adopted a more aggressive lending stance during this period, further driving the growth in outstanding debt. Originality/value This study is the first to examine the effect of land prices on household debt to financial institutions in a developing country like Cambodia. In the Cambodian context, its originality lies in the analysis of the mechanism of increasing households’ debt to financial institutions and the role of land registration.

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https://doi.org/https://doi.org/10.1108/afr-03-2025-0038

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@article{kenjiro2026,
  title        = {{Rising household debt in Cambodia: effects of agricultural land prices and registration}},
  author       = {Kenjiro Yagura},
  journal      = {Agricultural Finance Review},
  year         = {2026},
  doi          = {https://doi.org/https://doi.org/10.1108/afr-03-2025-0038},
}

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Rising household debt in Cambodia: effects of agricultural land prices and registration

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.