Costing Road Traffic Accidents In Ethiopia
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Date
2011-10
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Addis Ababa University
Abstract
Road accidents have many negative costs that are regarded as socio-economic costs. In recent
years, road traffic accidents have caused a significant and increasing socio-economic loss in
developing countries in general and in Ethiopia in particular. With the high growth of road
accidents throughout the developing world, it is essential that adequate sums of money are spent
in dealing with the problem. In the absence of an estimate of accident-related economic issues, it
is difficult to identify the sums of money that should be invested each year on road safety
countermeasures. Nevertheless, the estimation of the national explicit costs of road accidents as
well as the implicit value of the accidents is rarely highlighted to policy makers.
This paper aims to review accident costing methodologies in developing countries and apply it in
estimating the economic loss of road traffic accidents in the country, Ethiopia. And also it
focuses to insight the challenges of estimating the costs of road accidents in low income
countries where vital registration and relevant statistics concerning road accidents are scarce. A
feasible method for costing road accidents in such instances is identified, and the severity and
costliness of road accidents in the country is demonstrated. Accident data and cost figures of
2009/10 are considered to make the estimation of the annual traffic accident cost in Ethiopia. The
analysis shows, among other things, road accidents erode more than 0.49% of the country’s
Gross Domestic Product (GDP).
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Keywords
Costing ;Road ;Traffic