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An estimate of road accident costs in Singapore

Chin, Hoong Chor, Haque, Md. Mazharul, & Jean, Yap Heng (2006) An estimate of road accident costs in Singapore. In International Conference on Road Safety in Developing Countries, Dhaka, Bangladesh, pp. 28-35.

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      Abstract

      An earlier study by the Asian Development Bank (ADB) showed that the annual cost of road traffic accidents in 2001 was S$699.36 million which was 0.5% of the annual GDP. This paper attempts to update of the cost estimates of road traffic accidents. More precise methods of computing the human cost, lost output and property damage are adopted which grew in an annual cost of S$610.3 million or 0.338% of the annual GDP in 2003. A more conservative estimate of S$878,000 for fatal accident is also obtained, compared to the earlier figure of S$1.4 million. This study has shown that it is necessary to update the annual traffic accident costs regularly, as the figures vary with the number of accidents which change with time.

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      ID Code: 51215
      Item Type: Conference Paper
      Additional URLs:
      Keywords: Road accident costs, Singapore, Human capital method
      Subjects: Australian and New Zealand Standard Research Classification > ENGINEERING (090000) > CIVIL ENGINEERING (090500) > Transport Engineering (090507)
      Divisions: Current > Research Centres > Centre for Accident Research & Road Safety - Qld (CARRS-Q)
      Current > Schools > School of Civil Engineering & Built Environment
      Current > QUT Faculties and Divisions > Science & Engineering Faculty
      Copyright Owner: Copyright 2006 [please consult the author]
      Deposited On: 29 Jun 2012 10:45
      Last Modified: 24 Mar 2013 04:11

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