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. (2018). Value Chains and the Great Recession: Evidence from Italian and German Firms. INTERNATIONAL ECONOMICS, 153, 55-68 [10.1016/j.inteco.2017.07.002].
Value Chains and the Great Recession: Evidence from Italian and German Firms
Giunta, Anna
2018-01-01
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.File in questo prodotto:
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