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THE Minimum Wages Act (1976) sets the lowest hourly, daily or monthly wage employers are required to compensate employees.The main objective of the Act is to increase the living standard
This study investigates the impact of the Lao macroeconomic factors of real gross domestic product, the Openness Index, and exchange rate between the Thai and Lao currencies on the Lao import value of agricultural processed products from Thailand. Using product classifications and data from the International Trade Centre, this research examined the total import value (IM) and value of the imported product categories of sugar (HS17), flour (HS19), miscellaneous edible preparations (HS21), beverages (HS22), and animal fodder (HS23) (as dependent variables). The analysis employed the Autoregressive Distributed Lag approach, and the Vector Error Correction Model was applied to analyze the level relationship and test causal relationships among variables by using quarterly time series data from Q1 2012 to Q3 2021. Results show long-run and short-run relationships between GDP and both IM and HS17, but only a long-run relationship with HS22 and a short-run effect on HS19. Following the effects
The survival of humans depends on both natural and manufactured surroundings. Though most people spend their time indoors, there are constantly new challenges to address, and air pollution is one of them. This research considered both outdoor and indoor factors that affected green development agendas. Outdoor factors include fossil fuel combustion, renewable energy supplies, and carbon emissions, whereas indoor factors include industrial waste management, chemical use in production, and green technologies. Against the backdrop of the Indian economy, plagued by severe environmental problems from 1995Q1 to 2020Q4, this research evaluated green alternatives for indoor and outdoor environments. Carbon emissions rise with the use of chemicals in production, with the burning of fossil fuels, and with economic expansion, as shown by the Autoregressive Distributed Lag (ARDL) testing method employed. In contrast, emissions fall when a nation invests in renewable energy technologies and appropri