AIRBAG RESTRAINT REGULATION: POTENTIAL DOMESTIC MACROECONOMIC IMPACTS
The study estimates the macroeconomic impacts of a regulatory alternative that would require airbag restraints in all new vehicles. Publicly available data were used to derive ranges of assumptions for airbag prices and vehicle demand price elasticities. Base-level vehicle sales and price data were obtained from published sources. The major conclusion of the study is that such a regulatory option would have a significant impact on new vehicle sales and on several macroeconomic factors. A range of impacts was calculated. The study indicates a need for additional macroeconomic analyses of the passive restraint regulatory options under consideration. The limitations of the study are indicated, and the results should be interpreted within those constraints.
University of Michigan, Ann ArborProgram in Urban, Technological and Environmental Planning
Ann Arbor, MI United States 48109
- Richardson, B C
- Borener, S S
- Publication Date: 1983-11
- Pagination: 78 p.
- TRT Terms: Air bags; Economic impacts; Macroeconomics; Passive restraint systems; Prices; Regulations; Sales
- Subject Areas: Economics; Finance; Highways; Law; Safety and Human Factors; Society; Vehicles and Equipment; I10: Economics and Administration; I91: Vehicle Design and Safety;
- Accession Number: 00394216
- Record Type: Publication
- Source Agency: National Highway Traffic Safety Administration
- Report/Paper Numbers: UM-UTEP-83-6, HS-037 688
- Files: HSL, USDOT
- Created Date: May 31 1985 12:00AM