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| Se Mi Park |
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| ''Global sourcing patterns, domestic institutions, and commercial arbitration environments'' |
| ( 2025, Vol. 45 No.1 ) |
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| This paper empirically examines how the quality of national arbitration institutions affects global sourcing patterns of intermediate inputs. Higher-quality arbitration institutions provide better enforcement of an arbitral award and easier access to commercial arbitration. I find that global sourcing shrinks when transactions are more dependent on relationships between traders. This negative impact is better mitigated when each source and destination country's arbitration institutions are of higher quality. |
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| Keywords: Global sourcing, Commercial arbitration, Arbitration institutions, Relationship-specific transactions |
JEL: F1 - Trade: General
K4 - Legal Procedure, the Legal System, and Illegal Behavior: General |
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| Manuscript Received : Mar 01 2025 | | Manuscript Accepted : Mar 30 2025 |
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