The Implications of Scottish Independence on the Scottish Electricity Market and Renewables (An Econometric Approach)

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Master's Thesis from the year 2017 in the subject Business economics - Miscellaneous, grade: 3.0, University of Aberdeen, language: English, abstract: Using an Econometric Approach (VAR model), I will be studying the implications of Scottish independence on the Electricity market and its consumers in Scotland. In other words this dissertation studies whether it’s better for Scotland to function within the UK framework or function independently from an Economic perspective. To answer this, an Econometric Model alone would not be sufficient due to the limitation of data problem, thus results would not be 100% accurate. To overcome this, I will be discussing some of the possible alternatives and scenarios that might occur if the Independence Occurs, and what repercussion each scenario might have.