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Innovative Approaches in Assessing Social and Economic Damage from Road Accidents

Author

Listed:
  • V.P. Bychkov
  • M.V. Drapalyuk
  • I.Yu. Proskurina
  • E.N. Busarin

Abstract

The article is devoted to the review of approaches and analysis of methods for assessing the cost of social and economic damage from road accidents. The urgency of the problem is determined by the high rates of accidents and deaths. Social and economic consequences of non-underestimation of human life in the country can negatively affect the individual quality of life of Russians, and state level in the form of damage from losses of the economically active population and the state's compensation for damages to the families of victims. Therefore, the development of new theoretical approaches to assess social and economic damage from accidents, which meet modern conditions, has become of particular relevance in Russia.The article considers methodological peculiarities of accounting and assessment of the consequences of road accidents both within the framework of international experience and within the framework of the Russian Federation, which has allowed developing scientifically grounded approach to assessing damage from road accidents in our country, this in its turn contributes to reducing mortality rates through development and financial support of road safety programs.Based on the author's research, an innovative approach to assessing social and economic losses from road accidents in the Russian Federation has been formed, which focuses on damage resulting from death and injury of people, taking into account age and gender structure of the deceased, wounded people and regional characteristics, damage as a result of damage to vehicles and goods, damage as a result of damage to roads and road structures, as well as moral damage.

Suggested Citation

  • V.P. Bychkov & M.V. Drapalyuk & I.Yu. Proskurina & E.N. Busarin, 2018. "Innovative Approaches in Assessing Social and Economic Damage from Road Accidents," European Research Studies Journal, European Research Studies Journal, vol. 0(Special1), pages 72-85.
  • Handle: RePEc:ers:journl:v:xxi:y:2018:i:special1:p:72-85
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    More about this item

    Keywords

    Road accidents; assessment of social and economic damage; innovative approaches; methodologies for assessing social and economic damage from road accidents. JEL Classification Codes: G 28; G32; G31; G38; H70.Read the Full Version here;
    All these keywords.

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G31 - Financial Economics - - Corporate Finance and Governance - - - Capital Budgeting; Fixed Investment and Inventory Studies
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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