Foreign Firms and Export Performance in Developing Countries: Lessons from the Debt Crisis

35 Pages Posted: 2 May 2011

See all articles by Magnus Blomstrom

Magnus Blomstrom

Stockholm School of Economics - Department of Economics; National Bureau of Economic Research (NBER), at New York; Centre for Economic Policy Research (CEPR)

Robert E. Lipsey

National Bureau of Economic Research (NBER) at New York (Deceased)

Date Written: August 1990

Abstract

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.

Suggested Citation

Blomstrom, Magnus and Lipsey, Robert E., Foreign Firms and Export Performance in Developing Countries: Lessons from the Debt Crisis (August 1990). NBER Working Paper No. w3412. Available at SSRN: https://ssrn.com/abstract=1826556

Magnus Blomstrom (Contact Author)

Stockholm School of Economics - Department of Economics ( email )

P.O. Box 6501
Sveavagen 65
S-113 83 Stockholm
Sweden
+46 8 736 9265 (Phone)
+46 8 342 818 (Fax)

National Bureau of Economic Research (NBER), at New York

365 Fifth Avenue, 5th Floor
New York, NY 10016-4309
United States

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Robert E. Lipsey

National Bureau of Economic Research (NBER) at New York (Deceased)

Register to save articles to
your library

Register

Paper statistics

Downloads
9
Abstract Views
216
PlumX Metrics