The road to secession: Estimating the costs of independence in advanced industrial states

What would the economic impact of independence be for a territory such as Scotland or Catalonia? Robert Young writes on the transition costs associated with peaceful secessions. He notes that even in cases where independence would lead to economic benefits in the long run, transition costs may offset these benefits for several decades. These costs largely depend on the extent to which states can co-operate politically to manage their separation.

• Primary Source

ESO: Background information: Catalan pro-sovereignty parties seek deal for united ballot front http://www.europeansources.info/record/catalan-pro-sovereignty-parties-seek-deal-for-united-ballot-front/

ESO: Background information: Scotland's future: Your guide to an independent Scotland http://www.europeansources.info/record/scotlands-future-your-guide-to-an-independent-scotland/

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