Global sourcing patterns, domestic institutions, and commercial arbitration environments

Se Mi Park ()
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Se Mi Park: University of Maryland, Baltimore County

Economics Bulletin, 2025, vol. 45, issue 1, 495 - 506

Abstract: 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.

Keywords: Global sourcing; Commercial arbitration; Arbitration institutions; Relationship-specific transactions (search for similar items in EconPapers)
JEL-codes: F1 K4 (search for similar items in EconPapers)
Date: 2025-03-30
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