Economics, Econometrics and Finance
8 years ago

Road accidents in Egypt cost $6.6 billion annually, impacting GDP.

International Journal for Traffic and Transport Engineering
Analysis of Accidents Cost in Egypt Using the Willingness-To-Pay Method
Nasser M. Abdallah, Ahmed S. El Hakim, Abdallah H. Wahdan, Mohamed A. El Refaeye

Paper Summary

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The article analyzed the cost of accidents in Egypt using the willingness-to-pay method. By estimating the value of life, the researchers found that road traffic accidents in Egypt cost about $US 6.6 billion in 2014, which was 2.27% of the country's GDP. This method is crucial for investing in road safety measures.