Abstract
The article deals with the economic aspect of motor traffic safety on roadways. Relevant problems on calculating economic losses related to road accidents are outlined. The importance of accurate determining of social and economic parameters of motor road accidents has been emphasized on.
Highlights
Strict determined conditions of macroeconomic indicators for traffic regulation level special importance acquires "cost" aspect of its safety
Relevant problems on calculating economic losses related to road accidents are outlined
Taking the above mentioned into consideration, it is obvious that the article contains analysis of modern methods for calculating economic losses caused by road accident, as well as formulation of a set of recommendations for their use in public administering and strategic management on motor transport safety
Summary
Strict determined conditions of macroeconomic indicators for traffic regulation level special importance acquires "cost" aspect of its safety. In addition to the obvious losses (damage to vehicles, cargo, road infrastructure, payment for treatment and medical rehabilitation of the victims, etc.) almost every accident causes a number of incidental and consequential costs, which in their totality have a significant impact on the state of the economy (both local and national). Without taking these costs into account it is very difficult to find out the real economic scale of an accident, to identify priority areas for accident prevention, and to evaluate the profitability of road safety measures and programs.
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