Independence would "provide Scotland with the opportunity to capture and deliver faster sustainable economic growth, with greater opportunities to tackle key challenges in sustainability and inequality over the long-term", according to a report by The Fiscal Commission Working Group.
It described Scotland as a "wealthy country" which is "on a par with many other successful independent countries".
The panel of experts highlighted a number of key strengths in the Scottish economy, including the energy sector, life sciences, food and drink and tourism.
But it said the country faced a number of challenges "not least tackling the long-term growth gap between Scotland and other comparable countries".
It is clear that over the long-term, Scotland has not completely fulfilled its economic potential.
More top news
David Cameron says the UK will hold talks with Save the Children about what more it can do for Syrian refugee children.
Rapper 50 Cent makes public apology to airport worker he accused of being "high" on drugs after finding out the teenage janitor is autistic.
Tech-giant given access to as many as 1.6 million UK patient files as part of a data-sharing agreement with the NHS, according to claims.