TY  - JOUR
AU  - Blomstrom,Magnus
AU  - Lipsey,Robert E.
TI  - Foreign Firms and Export Performance in Developing Countries:  Lessons  from the Debt Crisis
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 3412
PY  - 1994
Y2  - April 1994
UR  - http://www.nber.org/papers/w3412
L1  - http://www.nber.org/papers/w3412.pdf
N1  - Author contact info:
Magnus Blomstrom
European Institute of Japanese Studies
Stockholm School of Economics
Post Office Box 6501, Sveavagen 65
S-113 83 Stockholm
 SWEDEN
Tel: 46-8-7369265
Fax: 46-8-313017
E-Mail: magnus.blomstrom@gmail.com

Robert E. Lipsey
NBER
365 Fifth Avenue, Suite 5318
New York, NY 10016-4309
Tel: 212/817-7961
Fax: 212/817-1597
E-Mail: N/A user is deceased
AB  - This paper compares U.S.-owned affiliates with other firms in developing countries with respect to the shifts in sales from home to export  markets in response to the debt crisis of the early 1980s. The U.S. affiliates in heavily indebted countries increased their exports and the share of their production exported more rapidly than other firms did after 1982, while affiliates in less indebted countries did neither. However, a large part of the shift in sales by affiliates in the heavily indebted countries involved sharp reductions in local sales, often larger than the growth in exports.
ER  -