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

37 Pages Posted: 8 Apr 2016

See all articles by Antonio Accetturo

Antonio Accetturo

Bank of Italy

Anna Giunta

Department of Economics Roma Tre University

Date Written: January 21, 2016

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

JEL Classification: D230, L220, F140, F230

Suggested Citation

Accetturo, Antonio and Giunta, Anna, Value Chains and the Great Recession: Evidence from Italian and German Firms (January 21, 2016). Bank of Italy Occasional Paper No. 304, Available at SSRN: https://ssrn.com/abstract=2759835 or http://dx.doi.org/10.2139/ssrn.2759835

Antonio Accetturo (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
Rome, 00184
Italy

Anna Giunta

Department of Economics Roma Tre University ( email )

Via Silvio D'Amico 77
Rome, 00145
Italy

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