Value Chains and the Great Recession: Evidence from Italian and German Firms

Antonio Accetturo and Anna Giunta

No 304, Questioni di Economia e Finanza (Occasional Papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: Global Value Chains (GVCs) have been one of the main transmission mechanisms of 2009 the Great Trade Collapse. Our paper provides a description of the effects of the crisis from a perspective that is both country-comparative (Germany and Italy) and on firm level. Two are the main conclusions: i) intermediate 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; Firm Organization; World Trade (search for similar items in EconPapers)
JEL-codes: D23 F14 F23 L22 (search for similar items in EconPapers)
Date: 2016-01
New Economics Papers: this item is included in nep-eec and nep-int
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Citations: View citations in EconPapers (12)

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Related works:
Journal Article: Value chains and the great recession: Evidence from Italian and German firms (2018)
Journal Article: Value chains and the great recession: Evidence from Italian and German firms (2018)
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:opques:qef_304_15

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