This study investigates the effect of state economic development (ED) agency spending on state income and employment growth using data from the 1986-1994 period. The study finds that ED spending has a modest positive effect on the generation of state income and employment, even after controlling...

A lack of detailed data on state tax incentive programs has limited the assessment of their economic impacts. However, in 1987, the Nebraska legislature, as part of its new business tax incentive initiative, required that the state Department of Revenue collect data on all business tax incentive...

U.S. Bureau of Economic Analysis data show that the nation’s rate of yearly output growth between 1995 and 1999 was more than 50% higher than for the period 1987 to 1994. Using state-level data, this study examines foreign capital’s contribution to this upturn in growth. Pooling...