Chirinko, Robert S.; Wilson, Daniel J. - 2007
Though the U.S. federal investment tax credit (ITC) was permanently repealed in 1986, state-level ITCs have … proliferated over the last few decades. Are these tax incentives effective in increasing investment within the state? How much of … this increase is due to investment drawn away from other states? Based on a panel dataset for all 50 states, we find a …