Kellogg School of Management
Senior Associate Dean: Curriculum and Teaching, ConAgra Foods Research Professorship in Strategic Management, Professor of Strategy

Therese J. McGuire is Professor of Strategy at the Kellogg School of Management at Northwestern University. McGuire's areas of expertise are state and local public finance, fiscal decentralization, property tax limitations, education finance, and regional economic development. She has written about and worked with various governments on state tax reform and on the impact of taxes on economic growth. In 1989 McGuire worked with a blue-ribbon commission and directed a study of revenues and expenditures for the State of Arizona. McGuire was President of the National Tax Association in 1999-2000, as well as the editor of the NTA's academic journal, the National Tax Journal from 2001 until 2009. Her publications have appeared in the National Tax Journal, the Journal of Regional Science, the Journal of Urban Economics, International Tax and Public Finance, and the Journal of Public Economics. McGuire has a B.A. with a dual major in Mathematics and Economics from the University of Nebraska-Lincoln and a Ph.D. in Economics from Princeton University.

Areas of Expertise Development Economics
Public Finance
Public Management
Public Policy
Real Estate
Urban Economics

Education PhD, 1983, Economics, Princeton University

BA, 1978, Economics, Mathematics, University of Nebraska-Lincoln, Phi Beta Kappa

Academic Positions Director, Kellogg School of Management, Northwestern University-present

Professor, Kellogg School of Management, Northwestern University-present

Department Chair, Kellogg School of Management, Northwestern University-present

Faculty Fellow, Institute for Policy Research, Northwestern University-present

Honors and Awards Alumni-Master Award, College of Arts and Sciences, University of Nebraska-Lincoln, 2010

President, National Tax Association, 99-00

Alumni Achievement Award, Wisner-Pilger High School, 89-89

Editorial Positions Member Editorial Board, Nordic Tax Journal, 2016

Member Editorial Advisory Board, National Tax Journal, 2009

Editor, National Tax Journal, 2001-2009

Education Academic Positions Honors and Awards Editorial Positions

Read about executive education


Garcia-Mila, Teresa and Therese J. McGuire. 2002. Tax Incentives and the City. Brookings-Wharton Papers on Urban Affairs.

It is difficult to justify tax incentives within the existing economics literature on tax competition. We develop a model in which communities are interested in attracting firms not only for their own capital but also for the "concentration externalities," a form of agglomeration economies, their location bestows on existing firms. We find that it is efficient in this case for communities to offer tax incentives, defined as a tax rate below the benefit tax level, to firms. We present the recent relocation of the Boeing Corporation's headquarters from Seattle to Chicago as a case study.

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