Abstract |
Laos is a socialist transition economy that has continued to increase its household characteristics, social assets, and human assets, all of which significantly influence livelihood security. The study sample generated 333 responses with confirmatory factor analysis (CFA) conducted using the LISREL software 9.30 for Window. The statistical model showed good fit with χ2/df = 62, CFI (comparative fit index) = 0.968, GFI (goodness-of-fit index) = 0.969, and RMSEA (root-mean-square error of approximation) = 0.0358, respectively. The findings confirmed that the standardized coefficients for household characteristics (β = 0.429, p < 0.01), social assets (β = 0.505, p < 0.01), and financial assets (β = 0.423, p < 0.01) positively influenced livelihood security. The implication of the current findings regarding the model will be discussed. |