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
Madonna says she still cannot bring herself to watch footage of the moment she fell on stage while performing at the Brit Awards.
Ed Miliband has pledged to give zero-hours workers the right to convert their contract into a regular job after three months.
More than 100 leaders have declared their support for a Conservative-led government, warning a Labour would "put the recovery at risk".