| ID | 165371 |
| Title Proper | Economic impact of road accidents |
| Other Title Information | the case of Sri Lanka |
| Language | ENG |
| Author | Bhavan, Thangamani |
| Summary / Abstract (Note) | The purpose of this study is to disclose accident-related indices and investigate the extent to which the road accidents impact on the economic performance of Sri Lanka during the period from 1977 to 2016. Annual time-series data are used to evaluate the accident indices for econometric analysis. Augmented Dickey–Fuller (ADF) unit root analysis and Johansen’s maximum likelihood estimator of the parameters of a cointegrating vector error correction model (VECM) are employed to test the stationary properties of the time series and to examine the long-run relationship between the variables, respectively. The results derived from the analysis confirm the existence of long-run relationship between the accident-related indices and macroeconomic indicators. The long-run elasticity values imply the signs and magnitude of impact of the accident indices on macroeconomic indicators. |
| `In' analytical Note | South Asia Economic Journal Vol. 20, No.1; Mar 2019: p.124-137 |
| Journal Source | South Asia Economic Journal 2019-06 20, 1 |
| Key Words | Sri Lanka ; Economic Growth ; Cointegration ; Road Accidents ; Fatality Index ; Health Expenditure Per Capita |