Abstract
In the present scenario, Road traffic accidents (RTAs) become an alarming problem over the globe as they leads to approx. 2.6% total loss of country’s gross domestic product (GDP). It is considered as one of the leading cause of mortalities, disabilities and morbidities due to road accidents in developing countries like India. To enable governments to take policy decisions on road safety, it is necessary that good research is undertaken to estimate the cost of accidents. This study will help government to take decisions while planning investment on road safety, facilities on roads, awareness signs and board etc. Meanwhile, estimation and evaluation of economic loss due to RTAs will help governments to frame policy and take important decisions within limited economic resources. Apart from humanitarian losses, there is increase in economic loss due to RTAs because most of the victims involved in accidents are from productive age groups of a society. The main objective of this study is to estimate the cost components of road accidents in two major districts namely Haridwar and Dehradun, Uttarakhand, India. The methodologies for such studies generally vary according to traffic pattern, number of accidents, black spots, population etc. This study makes use of an empirical approach as Cost benefit Analysis consist of Human Capital Approach for cost estimation which provides a vast understanding of the problem for hilly scenario. Secondary data were taken from Transport Research Wing, Government of Uttarakhand for all road accidents from 2016 to 2018 and primary data were collected from randomly selected victims through structured questionnaire and informed consent.
Highlights
Nowadays, Road Traffic Accidents are considered as one of the leading causes of Injuries, disabilities and deaths worldwide
This study reveals the human capital approach to measure the different cost involved in different types of injuries caused due road traffic accidents
Overall costs are higher in human suffer cost followed by medical expenses and human capital cost in different types of injuries due to road traffic accidents maximum in four wheeler vehicles than two wheeler and, all the costs are higher in Haridwar than Dehradun dist
Summary
Road Traffic Accidents are considered as one of the leading causes of Injuries, disabilities and deaths worldwide. As per the statistics of the World Health Organization (WHO) around 1.2 million fatal/deaths are due to road traffic accidents and 20–50 million cases of injuries or disabilities every year over the globe [1]. Road traffic accidents are one of widely faced problems by people, countries, government etc which affect emotionally as well as financially. Revised Manuscript Received on February 05, 2020. * Correspondence Author Ankit Singh*, Research Scholar, Department of Statistics, Banasthali.
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