The economic crisis triggered by the COVID-19 urgently required active policy interventions to enhance the revival strategies of the world economy. This paper examines the effectiveness of policy intervention of the State Government of Kerala in India in mitigating the risks caused by the pandemic. The policy effectiveness is evaluated by analyzing the data collected from a sample of 300 beneficiaries with the help of descriptive statistics, ordered probit (OP) model, and semi nonparametric extended OP (SNEOP) model. Our results are assertive with the fact that state policies are effective in reviving the crisis-hit economy as they have primarily helped low-income groups and other marginalized communities. The majority of BPL families, self-help group members, and social security beneficiaries rated government policies as highly or fairly effective. Though the policies are found to be highly effective among those who have suffered income loss, the study does not find sufficient evidence to believe that the government interventions are effective in helping those who have lost their jobs. The level of effectiveness is inversely related to age, education, and family size. Our results suggest that an extensive fiscal package is required to help people recover from the crisis.

中文翻译：

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公共政策在重振受 COVID-19 打击的经济方面的有效性：来自印度喀拉拉邦的证据


COVID-19引发的经济危机迫切需要积极的政策干预，以加强世界经济的复苏战略。本文探讨了印度喀拉拉邦政府政策干预在减轻大流行造成的风险方面的有效性。通过借助描述性统计、有序概率（OP）模型和半非参数扩展OP（SNEOP）模型分析从300名受益人样本中收集的数据来评估政策有效性。我们的结果是自信的，因为国家政策在重振受危机打击的经济方面是有效的，因为它们主要帮助了低收入群体和其他边缘化社区。大多数 BPL 家庭、自助小组成员和社会保障受益人认为政府政策非常有效或相当有效。尽管这些政策对那些遭受收入损失的人来说非常有效，但该研究没有找到足够的证据来相信政府的干预措施能够有效地帮助那些失业的人。有效性水平与年龄、教育程度和家庭规模成反比。我们的研究结果表明，需要采取广泛的财政计划来帮助人们从危机中恢复过来。