<< N°153
| N°153 | ||
| Issue Q1 2018 | ||
| Value chains and the great recession: Evidence from Italian and German firms | ||
|
Antonio Accetturo Anna Giunta |
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| 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. |
Abstract |
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| Global Value Chains ; Germany ; Italy ; Industrial firms ; Firms’ organization ; World trade ; | Keywords | |
| D230 ; L220 ; F140 ; F230 ; | JEL classification | |
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