دانلود رایگان مقاله اثرات کاهش مالیات گردشگری تایلند

Abstract

This study examines Thailand’s tourism tax cut policy aimed to alleviate negative impacts arising from the 2011 flood on the tourism industry and economy. The proposed TRAVELTHAI model, a medium-scale dynamic computable general equilibrium model, serves as a powerful analytical tool for effective policy decision making. Direct-tourism industries benefit the most from the industry specific tax policy, deemed a suitable short-run policy in response to the flood. Tax cuts on inbound tourism improves the terms of trade and marginally stimulates Thailand’s GDP. It is recommended that the development of fiscal policies should be more inclusive, in order to achieve better national impacts in the long run.

Conclusion

This study provides additional empirical evidence on tourism taxation and theoretical insights on the relationship between tourism tax cut and various macroeconomic variables. The proposed policy is an effective short-run flood remedy. Policymakers should consider alternative measures to achieve long term policy goals. The issues presented in this study can be applied to other countries experiencing losses from floods to a certain extent based on the Thai experience. It is possible that other studies would portray dissimilar findings strongly depending on disaster severity, economic importance of tourism sector, economic structure and the level of economic development. Given the complexity of CGE modelling, tourism social science has rarely been studied in a CGE framework. This paper offers an innovative approach to studies in the social sciences. The analysis is unique and original, as this was the first time that the newly designed dynamic CGE model was employed for analysis of tourism taxation as a recovery measure for floods in a developing country context. In this paper, TRAVELTHAI, a dynamic computable general equilibrium (CGE) model for the Thai economy, was constructed for the analysis of economic impacts of tourism tax cuts as a response to the 2011 flood. It is argued that examining the impacts of the tourism setbacks on the Thai tourism and economy can be immensely improved by employing a dynamic CGE model which is capable of forecasting and analysing policy. The developed policy simulation is an example of model applications to tax policy and the effects of natural disasters such as floods. In the frail period of tourism setback like flooding, authorities are generally in search of policy measures to soothe flood affected businesses and the economy. This kind of policy simulation helps justify further policy recommendations.