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Optimal structure of International Union budgetary revenues

Author

Listed:
  • Andrii BOIAR1

    (Post-Doctoral Fellow at the European Integration Department of the Vadym Hetman Kyiv National Economic University (Ukraine))

Abstract

This article proposes a new approach to the issue of political and financial sustainability (equilibrium) in an international union. The proposition is made to set members budgetary payments proportionate to their willingness to pay. It is argued that this willingness-to-pay principle ensures an optimal setup in the institutional system of an international union. Application of this methodology to the EU allowed deriving the members optimal budgetary contributions and brought up some other important insights.

Suggested Citation

  • Andrii BOIAR1, 2015. "Optimal structure of International Union budgetary revenues," Romanian Journal of Economics, Institute of National Economy, vol. 40(1(49)), pages 72-88, june.
    • Handle: RePEc:ine:journl:v:40:y:2015:i:49:p:72-88
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    References listed on IDEAS

    as
    1. Bird, Richard M., 1993. "Threading the Fiscal Labyrinth: Some Issues in Fiscal Decentralization," National Tax Journal, National Tax Association, vol. 46(2), pages 207-27, June.
    2. Alberto Alesina & Ignazio Angeloni & Federico Etro, 2005. "International Unions," American Economic Review, American Economic Association, vol. 95(3), pages 602-615, June.
    3. Boiar, Andrii O., 2014. "Revenue-Generating Schemes for International Unions," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 29, pages 407-429.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    international union; budget; contribution; optimal; member state; EU;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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