Benchmarking road traffic safety across OECD countries: A distance function approach

Nghiem, Son & Connelly, Luke B. (2015) Benchmarking road traffic safety across OECD countries: A distance function approach. Journal of Transport Economics and Policy, 49(4), pp. 539-559.

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Abstract

This study combines an economic production framework with a latent risk theory framework to examine improvements in road safety performance of thirteen Organisation for Economic Cooperation and Development (OECD) countries for the period 1975–2004. We find that, on average, total factor productivity in road safety increased by 2 per cent per annum over the past 30 years. We also find that technological progress has been the main contributor to improvements in road safety. Indicators of economic activity, including the employment rate and CO2 emissions per capita as well as population density, are positively associated with improvements in traffic safety.

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ID Code: 96228
Item Type: Journal Article
Refereed: Yes
Keywords: Distance function SFA, Traffic Safety
ISSN: 0022-5258
Divisions: Current > QUT Faculties and Divisions > Faculty of Health
Current > Institutes > Institute of Health and Biomedical Innovation
Current > Schools > School of Public Health & Social Work
Copyright Owner: Copyright 2015 University of Bath
Deposited On: 16 Jun 2016 23:48
Last Modified: 19 Jun 2016 21:29

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