Herzer, Dierk; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2011
This paper examines the effects of inward and outward FDI on income inequality in Europe using panel cointegration techniques and unbalanced panel regressions. Our main result is that both inward FDI and outward FDI have, on average, a negative long-run effect on income inequality. This result...