Economic Evaluation of Road Traffic Safety Measures
AbstractThe number of road traffic casualties is still very lofty and the trend shows a boost with each passing day. The road traffic accidents involve fatalities due to which economic resources are damaged and the productivity of the economy is correspondingly impaired. Costs resulting from traffic accidents represent the largest single part of the overall cost of traffic to the economy. Knowledge about the harm of these traffic accidents to the economy is essential if measures to reduce road traffic accidents are to be identified and initiated. Once an economic assessment of road safety measures has been made, work on improving safety in accordance with economic criteria can be organized as efficiently as possible. Towards this end, it is necessary to opt for measures that are likely to be successful in a given situation. Current research is regarding the evaluation of road traffic safety measures in Pakistan and its economical effects based on available data. The research reveals that road accidents have key influence on the economic statistics of the country. The study presents a valuable tool for policy formulation on the road safety regulations in the country.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 48350.
Date of creation: 16 Jul 2013
Date of revision:
Publication status: Published in Conference Proceedings of Third International Symposium on Infrastructure Engineering in Developing Countries (IEDC-2010), NED University, Karachi, Pakistan 1.1(2010): pp. 177-186
Economic; Evaluation; Traffic; Safety; Accidents; Statistical Analysis.;
Other versions of this item:
- Gul, Ejaz, 2013. "Economic Risk Exposure of Selected Projects and Risk Attitude of Investors; Evidence from Liberia," MPRA Paper 48221, University Library of Munich, Germany.
- Gul, Ejaz, 2013. "Economic Evaluation of Project Site Using Cardinal Numbers Approach," MPRA Paper 48283, University Library of Munich, Germany.
- Gul, Ejaz, 2013. "Economic Efficacy of Road Traffic Safety Measures," MPRA Paper 48373, University Library of Munich, Germany.
- Gul, Rjaz, 2013. "Socio-Economic Context of Saving Biodiversity," MPRA Paper 48401, University Library of Munich, Germany.
- Gul, Ejaz, 2013. "URMI and its Integration into a framework for Ethics in Economics," MPRA Paper 48344, University Library of Munich, Germany.
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- O18 - Economic Development, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure
- R41 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Transportation: Demand, Supply, and Congestion
- R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-07-20 (All new papers)
- NEP-HEA-2013-07-20 (Health Economics)
- NEP-TRE-2013-07-20 (Transport Economics)
- NEP-URE-2013-07-20 (Urban & Real Estate Economics)
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- #HEJC papers for August 2013
by academichealtheconomists in The Academic Health Economists' Blog on 2013-07-31 23:00:48
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