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.

Accetturo, A., & Giunta, A. (In corso di stampa). Value Chains and the Great Recession: Evidence from Italian and German Firms. INTERNATIONAL ECONOMICS [10.1016/j.inteco.2017.07.002].

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

Giunta, Anna
In corso di stampa

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.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11590/326720
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