Evaluation of Thailand’s COVID-19-Related policies and their impact on the stock market using a PMC Index model approach1
AbstractThe coronavirus disease (COVID-19) pandemic produced adverse effects which spreads globally and throughout all the nations. During the outbreak, governments announced emergency policies geared to control the situation. Subsequently, researchers have attempted to determine the advantages and...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Taylor & Francis Group
2024-12-01
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| Series: | Cogent Social Sciences |
| Subjects: | |
| Online Access: | https://www.tandfonline.com/doi/10.1080/23311886.2023.2285252 |
| _version_ | 1797404538931511296 |
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| author | Adisorn Yimsuk Sotarat Thammaboosadee |
| author_facet | Adisorn Yimsuk Sotarat Thammaboosadee |
| author_sort | Adisorn Yimsuk |
| collection | DOAJ |
| description | AbstractThe coronavirus disease (COVID-19) pandemic produced adverse effects which spreads globally and throughout all the nations. During the outbreak, governments announced emergency policies geared to control the situation. Subsequently, researchers have attempted to determine the advantages and disadvantages of these policies. We developed a method for evaluating COVID-19 policy in Thailand from January 2020 to March 2022. The Policy Model Consistency (PMC) Index is introduced as the primary model with 10 powerful indicators for policy evaluation. Additionally, the stock price changes while the COVID-19 policy was being enforced, as recorded in the Securities Exchange of Thailand (SET) database, are also observed with the other indicators for a measure of public confidence. All indicators are scored on a binary basis based on the policy consistency. The result of PMC-score is outputted as a contour surface graph. The PMC-surface result shows the good and adverse point of the policy to a policymaker, and it is successfully discussed to present the internal relationship of the indicators from the policymaker’s perspective. This tool benefits policymakers by facilitating early identification of policy’s strengths and weaknesses and the findings of policy angles in all related perspectives are significant to policymakers to address and improve in the next enhancement as well. |
| first_indexed | 2024-03-09T02:56:27Z |
| format | Article |
| id | doaj.art-c98de68f30c04d25abbaba32421c6373 |
| institution | Directory Open Access Journal |
| issn | 2331-1886 |
| language | English |
| last_indexed | 2024-03-09T02:56:27Z |
| publishDate | 2024-12-01 |
| publisher | Taylor & Francis Group |
| record_format | Article |
| series | Cogent Social Sciences |
| spelling | doaj.art-c98de68f30c04d25abbaba32421c63732023-12-05T06:02:22ZengTaylor & Francis GroupCogent Social Sciences2331-18862024-12-0110110.1080/23311886.2023.2285252Evaluation of Thailand’s COVID-19-Related policies and their impact on the stock market using a PMC Index model approach1Adisorn Yimsuk0Sotarat Thammaboosadee1Technology of Information System Management Division, Faculty of Engineering, Mahidol University, Nakhon Pathom, ThailandTechnology of Information System Management Division, Faculty of Engineering, Mahidol University, Nakhon Pathom, ThailandAbstractThe coronavirus disease (COVID-19) pandemic produced adverse effects which spreads globally and throughout all the nations. During the outbreak, governments announced emergency policies geared to control the situation. Subsequently, researchers have attempted to determine the advantages and disadvantages of these policies. We developed a method for evaluating COVID-19 policy in Thailand from January 2020 to March 2022. The Policy Model Consistency (PMC) Index is introduced as the primary model with 10 powerful indicators for policy evaluation. Additionally, the stock price changes while the COVID-19 policy was being enforced, as recorded in the Securities Exchange of Thailand (SET) database, are also observed with the other indicators for a measure of public confidence. All indicators are scored on a binary basis based on the policy consistency. The result of PMC-score is outputted as a contour surface graph. The PMC-surface result shows the good and adverse point of the policy to a policymaker, and it is successfully discussed to present the internal relationship of the indicators from the policymaker’s perspective. This tool benefits policymakers by facilitating early identification of policy’s strengths and weaknesses and the findings of policy angles in all related perspectives are significant to policymakers to address and improve in the next enhancement as well.https://www.tandfonline.com/doi/10.1080/23311886.2023.2285252COVID-19Policy Model Consistency (PMC) Indexstock impact |
| spellingShingle | Adisorn Yimsuk Sotarat Thammaboosadee Evaluation of Thailand’s COVID-19-Related policies and their impact on the stock market using a PMC Index model approach1 Cogent Social Sciences COVID-19 Policy Model Consistency (PMC) Index stock impact |
| title | Evaluation of Thailand’s COVID-19-Related policies and their impact on the stock market using a PMC Index model approach1 |
| title_full | Evaluation of Thailand’s COVID-19-Related policies and their impact on the stock market using a PMC Index model approach1 |
| title_fullStr | Evaluation of Thailand’s COVID-19-Related policies and their impact on the stock market using a PMC Index model approach1 |
| title_full_unstemmed | Evaluation of Thailand’s COVID-19-Related policies and their impact on the stock market using a PMC Index model approach1 |
| title_short | Evaluation of Thailand’s COVID-19-Related policies and their impact on the stock market using a PMC Index model approach1 |
| title_sort | evaluation of thailand s covid 19 related policies and their impact on the stock market using a pmc index model approach1 |
| topic | COVID-19 Policy Model Consistency (PMC) Index stock impact |
| url | https://www.tandfonline.com/doi/10.1080/23311886.2023.2285252 |
| work_keys_str_mv | AT adisornyimsuk evaluationofthailandscovid19relatedpoliciesandtheirimpactonthestockmarketusingapmcindexmodelapproach1 AT sotaratthammaboosadee evaluationofthailandscovid19relatedpoliciesandtheirimpactonthestockmarketusingapmcindexmodelapproach1 |