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Scotland and small country independence: the assessment

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  • David N. F. Bell

Abstract

This paper reviews some of the issues consequent on the formation of new states through secession. While its particular focus relates to the potential withdrawal of Scotland from the United Kingdom, it discusses preference heterogeneity as a potential cause of the break-up of states, relating that to recent developments in the economics of identity. It examines some macroeconomic issues, particularly debt and currency, and reflects on how these might influence secession. It examines alternatives—fiscal decentralization—to secession and considers the strategies that those arguing for and against secession may deploy. It also explains the structure of this issue, explaining how the different contributions come together.

Suggested Citation

  • David N. F. Bell, 2014. "Scotland and small country independence: the assessment," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 30(2), pages 189-207.
  • Handle: RePEc:oup:oxford:v:30:y:2014:i:2:p:189-207.
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    File URL: http://hdl.handle.net/10.1093/oxrep/gru018
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