This paper analyzes the characteristics of Italian firms involved in global value chains (�intermediate� firms) by using the Bank of Italy survey on industrial companies. Intermediate firms show, on average, worse features than �final� firms: smaller size, lower share of...

This paper analyzes the characteristics of Italian firms involved in global value chains (“intermediate” firms) by using the Bank of Italy survey on industrial companies. Intermediate firms show, on average, worse features than “final” firms: smaller size, lower share of white collars,...