Purpose – By using the World Bank's new poverty data that are based on the most recent International Comparison Program report, this research aims to revisit the response of poverty rate to increase in real gross domestic product (GDP) per capita. Design/methodology/approach – The response...

The massive empirical research on the relation between ‘outward orientation’ and economic well-being of countries has been hampered by lack of good measures of outward orientation that reflect a country’s international trade policy. A recently-constructed index of trade restrictiveness,...