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Scholars continue to praise “Half the project”
On November 13, 2020 at 5:17 p.m.
Thammasat economists power “half of each” and can actually stimulate the economy – small traders benefit.
Adjunct Professor Dr. Phawin Siripraphanukul Faculty of Economics Thammasat University (TU) revealed that the impact of the COVID-19 crisis This time, it did not affect everyone equally. But the main impact is concentrated in tourism, restaurants, wholesalers and retailers. In which the severely affected people are small people. Small groups of traders Self-employed They have less capacity and resources to overcome crises than large traders.
Therefore, each half of the project, which is one of the economic stimulus measures, is considered quite well designed. It can really incentivize spending because buyers feel that the price of the product is half the price. At the same time, with the requirement that large companies cannot join the project, the money will be well distributed among small companies.
Associate Professor Dr. Pavin said the rationale for the project is quite effective for half the time. This is mainly due to the use of economic stimulus policies in times of crisis. This policy will be most effective under normal conditions. With foreign studies confirming that during normal government spending to stimulate the economy 1 baht will affect the economy only 0.7 baht, but during the crisis or severe economic slowdown The stimulus of 1 baht will result in additional revolving spending up to 1.8-2.2 baht Therefore, the effectiveness of the stimulus policy depends on when the measures are introduced.
“Compared to the” Wear in Tights Store “measures issued during normal circumstances. Although the economic growth rate is low, it is still positive. Therefore, these measures are not very effective. While the” We Travel Together “project despite that the benefits will fall on the actual tourism business. Instead, a 40% discount was found to make the price of a large hotel more attractive than a small one. Finally, there is a side effect that the state is not destined I mean, big companies have more advantages, “said associate professor Dr. Pavin.
In conclusion, the “half the people” project is believed to be well designed. It is government spending at an efficient time. And it can effectively stimulate the economy. Make the money go down to the little people who are really affected by the crisis.
However, with projects just beginning, the impact may not yet be seen or there is enough data to fully assess them. Therefore, more studies are needed. As for the implementation of the Phase 2 project, it can be continued to obtain all the benefits. What can give new people the rights first And if it remains, you can add it to the same group
Regarding the economic stimulus after this, Prof. Dr. Pavin said that it should be more or more important for small businesses, such as the issuance of measures to help the small tourism sector that depends mainly on foreign tourists. Including the small tourism sector that cannot yet adjust their own business or product to suit Thai tastes. It can be organized as an activity to stimulate tourism for Thais to travel to Thailand with each other in tourist destinations that have become increasingly popular with foreigners.
In addition, other steps should be taken, such as supporting low-interest sources of funding for small business groups that cannot yet access. Under what conditions should you cut Down as much as possible OR help pay small business workers so they can keep hiring workers. Including the measures the state is considering testing, Travel Bubble should go ahead and expand the testing circle as well.
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