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General & Applied Economics

Modelling the overall impacts of COVID-19 on the Thai economy

ORCID Icon, ORCID Icon, ORCID Icon & ORCID Icon
Article: 2242171 | Received 16 Dec 2022, Accepted 25 Jul 2023, Published online: 31 Jul 2023

Figures & data

Figure 1. The overview of research framework.

Figure 1. The overview of research framework.

Figure 2. The Structure of GTAP Model.

Source: Hertel and Tsigas (Citation1997).
Figure 2. The Structure of GTAP Model.

Table 1. Assumptions regarding the attack rate and the case-fatality rate

Table 2. Assumptions regarding the change in labor supply

Table 3. Percentage change in costs of production by sector and country

Table 4. GDP share from sectors that were directly affected by COVID-19

Table 5. Assumptions regarding the change in consumption demand

Table 6. Assumptions regarding the change (unexpected) in countries’ risk premiums

Table 7. Income and expenditure of international tourism by country

Table 8. Expenditure on domestic tourism to final consumption by country

Table 9. International tourism income and international tourism expenditure by country (Unit: Million US$)

Table 10. Assumptions regarding the changes in inbound and domestic tourism demand

Table 11. Policy responses through the end of second wave of COVID-19 infections in Thailand

Table 12. Macroeconomic impact of the COVID-19 pandemic at the end of the second wave in Thailand (Unit: percent change)

Table 13. Sectoral impact of the COVID-19 pandemic at the end of the second wave in Thailand (the 15 largest output losses)

Figure 3. Impact of the COVID-19 pandemic on poverty in Thailand.

Source: The results are obtained from the microsimulation.
Figure 3. Impact of the COVID-19 pandemic on poverty in Thailand.

Figure 4. Percent change in the number of poor people classified by characteristics of the household head.

Source: The results are obtained from the microsimulation.
Figure 4. Percent change in the number of poor people classified by characteristics of the household head.

Table 14. Macroeconomic impact of COVID-19 relief and tourism stimulus measures in Thailand (Unit: Percent change, unless otherwise indicated)

Figure 5. Impact of the government’s relief measures on poverty in Thailand.

Source: The results are obtained from the microsimulation.
Figure 5. Impact of the government’s relief measures on poverty in Thailand.

Table 15. Benefit recipients from COVID-19 relief measures

Figure 6. Percent of poor people receiving adequate benefits by characteristics of the household head.

Source: The results are obtained from the microsimulation.
Figure 6. Percent of poor people receiving adequate benefits by characteristics of the household head.

Table 16. Benefits from COVID-19 relief measures by income decile