The effect of foreign aid on income inequality: Evidence from panel cointegration |
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| Authors: | Dierk Herzer Peter Nunnenkamp |
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| Affiliation: | 1. Department of Economics, Helmut-Schmidt-University Hamburg, Holstenhofweg 85, 22043 Hamburg, Germany;2. Kiel Institute for the World Economy, Hindenburgufer 66, 24100 Kiel, Germany |
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| Abstract: | This paper examines the long-run effect of foreign aid on income inequality for 21 recipient countries using panel cointegration techniques to control for omitted variable and endogeneity bias. We find that aid exerts an inequality increasing effect on income distribution. |
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