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Footnotes

1. GERS publications from November 1997 onwards are available on the Scottish Executive website ( www.scotland.gov.uk ).
2. Total Managed Expenditure is a measure of public sector expenditure drawn from components in National Accounts produced by the Office for National Statistics ( ONS).
3. The most recent issue was published in April 2005 (Cm 6521).
4. The outturn describes the expenditure actually incurred (as opposed to forecast or planned).
5. Less Extra-regio (short " GVA").
6. For more information on the North Sea fiscal regime, see:
   http://www.hmrc.gov.uk/international/ns-fiscal.htm .
7. Kemp and Stephen, "Expenditures in and Revenues from the UKCS: Estimating the hypothetical Scottish Shares 1970-2003", North Sea Study Occasional Paper No. 70, Department of Economics, University of Aberdeen, January 1999.
8. For a more detailed discussion on this issue see GERS 1999-2000, p.42.
9. This takes Kemp and Stephen's upper estimate for 2003 based on an oil price of $18. The actual average oil price was around $29 per barrel (Brent, spot price).
10. The following analysis draws closely on the long-term analysis published by Andrew Goudie, " GERS and Fiscal Autonomy" in Fiscal Autonomy under Devolution; a symposium of Scottish Affairs (Number 41, November 2002) and have been amended with the results from subsequent editions of GERS. The data from 1999-2000 to 2003-04 in Charts 7.1 through 7.6 derive from this edition of GERS and the data for previous years from earlier editions.
11. from: Regional Gross Value Added, ONS, December 2004 ( http://www.statistics.gov.uk/pdfdir/gvar1204.pdf ).
12. At the time of writing, data for this regional GVA series was only available until the year 2002. The GVA share for 2003 was set constant at the previous year's ratio.

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