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Estimating the economic costs of traffic accidents in Libya: An Econometric Study during the period 1995-2017

Journal: Journal of Economic Growth and Entrepreneurship (Vol.4, No. 1)

Publication Date:

Authors : ;

Page : 26-45

Keywords : Traffic Deaths; Gross Domestic Product; Libya;

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Abstract

The study aims to estimate of the economic impact for traffic accidents in Libya, ‎and to achieve the desired aims, the study applied the quantitative method. In ‎analysing the study data, statistical computer program services were used through the ‎software contained in (EVIEWS 10), Was used of Vector Auto Regression model ‎‎(VAR) . The results found were summarised as follows: Firstly, The study revealed ‎that the general attitude of the number of road traffic deaths in Libya has a significant ‎increase during the study period. Secondly, the study demonstrated The economic ‎impact of the number of road traffic deaths causes a retreat of 0.000004 of the value ‎of the gross domestic product in Libya. Finally, the study provided a set of ‎recommendations that will hopefully be followed for reduce the phenomenon of ‎traffic accidents in Libya and its economic implications .‎

Last modified: 2021-01-25 21:05:17