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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 L22 F14 F23 (search for similar items in EconPapers)
Date: 2018
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Journal Article: Value chains and the great recession: Evidence from Italian and German firms (2018) Downloads
Working Paper: Value Chains and the Great Recession: Evidence from Italian and German Firms (2016) Downloads
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