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Author: Patrick Schneider
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The Scottish National Party is calling for a second referendum on independence from the UK. This column examines the likely effect of changes in trade costs resulting from independence and Brexit on the Scottish economy,...Read more...
Hanwei Huang, Thomas Sampson and Patrick Schneider
3 February 2021
Hanwei Huang, Thomas Sampson, and Patrick Schneider analysed the economics of Scottish independence by looking at its impact on trade. Independence would put a new border between Scotland and the rest of the UK, introduc...Read more...
Scotland is a small, open economy that mostly trades with the rest of the UK. There is around six times more trade between Scotland and the rest of the UK than predicted by a standard gravity trade model. Scottish indepe...Read more...