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Fiscal Challenges and Opportunities for an Independent Scotland

Author

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  • Rowena Crawford
  • Gemma Tetlow

Abstract

This paper looks at some of the key fiscal questions related to Scottish independence, drawing on detailed analysis of household survey data, official data on public spending and revenues, and using a model of the UK and Scotland's public finances over the next half a century. We examine how and why public spending on, and revenues raised from, Scotland differ from the average across the UK, and how Scotland's fiscal position might be expected to evolve over the next 50 years under current policies.

Suggested Citation

  • Rowena Crawford & Gemma Tetlow, 2014. "Fiscal Challenges and Opportunities for an Independent Scotland," National Institute Economic Review, National Institute of Economic and Social Research, vol. 227(1), pages 40-53, February.
    • Handle: RePEc:sae:niesru:v:227:y:2014:i:1:p:r40-r53
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    File URL: http://ner.sagepub.com/content/227/1/R40.abstract
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    Cited by:

    1. Alessandro Rosiello & Dave Wield & Omid Omidvar & Michele Mastroeni & Joyce Tait, 2015. "Science and Innovation in Scotland: a Study on the Impact of Enhanced Autonomy," ERSA conference papers ersa15p1014, European Regional Science Association.

    More about this item

    Keywords

    Scottish independence; fiscal policy; generational accounting;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • H62 - Public Economics - - National Budget, Deficit, and Debt - - - Deficit; Surplus

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