Value chains and the great recession: Evidence from Italian and German firms

Antonio Accetturo and Anna Giunta

International Economics, 2018, vol. 153, issue C, 55-68

Abstract: Global Value Chains (GVCs) were one of the main transmission mechanisms of the 2009 great trade collapse. Our paper describes the effects of the crisis from a country-comparative perspective (Germany and Italy) and at firm level. There are two main conclusions: i) supplier firms were hit by the crisis more than final firms; ii) firms’ position in GVCs and their strategies explain part of the performance gap between Italian and German firms.

Keywords: Global Value Chains; Germany; Italy; Industrial firms; Firms’ organization; World trade (search for similar items in EconPapers)
JEL-codes: D23 F14 F23 L22 (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations: View citations in EconPapers (13)

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Related works:
Journal Article: Value chains and the great recession: Evidence from Italian and German firms (2018)
Working Paper: Value Chains and the Great Recession: Evidence from Italian and German Firms (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:inteco:v:153:y:2018:i:c:p:55-68

DOI: 10.1016/j.inteco.2017.07.002

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