Over the past four decades, state investment tax incentives have proliferated. This emergence of state investment tax credits (ITC) and other investment tax incentives raises two important questions: 1) Are these tax incentives effective in achieving their stated objective, to increase...

This special issue of the B. E. Journal of Macroeconomics collects papers presented at a Conference on Empirical Macroeconomics Using Geographical Data, held at the Federal Reserve Bank of San Francisco on March 18, 2011.