Aid, Microfinance and income inequality: A global view

David Castells-Quintana, Jose María Larrú, Maricruz Lacalle-Calderón


This article studies the relationship between foreign aid and microfinance flows and income inequality. Using a broad theoretical framework on inequality, and panel data for 87 countries from 1995 to 2012, we study the dynamics of aid and microfinance and how these relate to income inequality. Our results highlight important differences across world regions and the need to consider specificities of the context when assessing the impact of both aid and microfinance on inequality. In this line, we provide an analysis for three different countries: Bolivia, Bangladesh, and Indonesia.

Palabras clave

Microfinance; Foreign Aid; Income inequality; Panel Data.

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Copyright (c) 2019 Creative Commons (CC-BY)

e-ISSN:2340-4264   -   ISSN: 1576-0162

Entidad editoraUniversidad de Huelva. Servicio de Publicaciones.

Licencia de usoCreative Commons 4.0