The economic case for union

Gallagher, J.D. (2014) The economic case for union. Fraser of Allander Economic Commentary, 37 (3). pp. 67-79. ISSN 2046-5378

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    Abstract

    This article puts forward an economic case for Scotland staying in the union. There have been many debates regarding the economic consequences of independence. It has been argued that Scotland would be better off. Independence, however, is an uncertain business; a new state might gain new freedoms but would lose present sources of stability, and some questions about independence are simply unanswerable in advance. It is nevertheless possible to draw some conclusions about its possible economic effects.