HOW MUCH DO ROAD ACCIDENTS COST THE NATIONAL ECONOMY?

This paper presents estimates of how much road accidents cost the national economy, stated as a percentage of the gross national product (GNP). Official estimates of road accident costs from 1990 or later were compiled from easily accessible sources for twelve countries. Estimates of the GNP were taken from OECD publications. On the average, the total costs of road accidents, including an economic valuation of lost quality of life, were estimated to about 2.5% of the GNP. Excluding the valuation of lost quality of life, road accident costs on the average amounted to 1.3% of the GNP. When valuation of lost quality of life is included, costs ranged from 0.5% to 5.7% of the GNP. When valuation of lost quality of life is disregarded, costs ranged from 0.3 to 2.8% of the GNP.

  • Availability:
  • Corporate Authors:

    Elsevier

    The Boulevard, Langford Lane
    Kidlington, Oxford  United Kingdom  OX5 1GB
  • Authors:
    • Elvik, R
  • Publication Date: 2000-11

Language

  • English

Media Info

Subject/Index Terms

Filing Info

  • Accession Number: 00800807
  • Record Type: Publication
  • Report/Paper Numbers: HS-043 151
  • Files: HSL, TRIS, ATRI
  • Created Date: Oct 4 2001 12:00AM