Impact of economic development on road safety

Economic development has a substantial effect on road safety. For instance, in times of economic crisis there are fewer vehicles on the road, which reduces the number of accidents. On the other hand, consumers might delay the purchase of new and usually safer cars, and governments are likely to invest less in road safety. In short, all sorts of economic factors can influence road safety, both in the short and long term.

W2Economics has the expertise to make sense of the complex relationship between economic development and road safety. We can answer questions such as:

• What is the effect of a country’s economic development on its road safety?
• What effect might an economic crisis have on road safety in a particular region, country or province?
• How can policymakers respond to such developments?

Drawing on economic theory, literature studies and data analysis, we can map out the effect of economic developments on road safety and provide insights into the economic mechanisms that are (possibly) involved. This will provide you with valuable tools to explain  developments in road safety and respond to them.