No. 304 - Value Chains and the Great Recession: evidence from Italian and German firms

by Antonio Accetturo and Anna Giunta
January 2016
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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) 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.

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  1. 28 January 2016
    No. 304 - Value Chains and the Great Recession: evidence from Italian and German firms
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