Volume 6, Number 3

European Union Decision Making as a Matter of Time

  Authors

Aishwarya Asesh, Adobe, USA

  Abstract

While several studies have examined decision-making in the European Union (EU) with a view to determining where the position of control is, most studies have focused on structured decision- making rules to theorize the workings of the EU. This assertion is somewhat troublesome consid- ering that informal consensus standards are the dominant mode of decision-making (81 percent of decisions are made by consensus). This research work discusses the EU Consensus Institution. It suggests that the informal principle of consensus makes the basic premise of reasoned institutional literature, additionally discussing more about the state of its arguments. The initial discussions starts with consensus norm and it is linked to the methodological issue of how the consensus stan- dard has major implications in governing votes. The journey drives through time reference voting and co-integrating relationship between two forms of conflictual voting. Elaborated thoughts and discussions are carried by calculating an Error-Correction Model (ECM) which could lead to sev- eral learning and findings, helping elevate the socio-political data driven decision making in the foreseeable future.

  Keywords

European Union, Time Series, Unit Root, Cointegration Testing.