Impact Assessment of Road Traffic Accidents on Nigerian Economy

YUSUFF, M.A (2015) Impact Assessment of Road Traffic Accidents on Nigerian Economy. Journal of Research in Humanities and Social Science, 3 (12). pp. 8-16. ISSN 2321-9467

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One of the negative externalities of heavy reliance on road transportation as a means of movement of people and goods is road traffic accident (RTA). Road traffic accidents place a huge financial burden not only on families of victims but also on society at large. This study aims to investigate the extent to which road traffic accidents affect economic growth in Nigeria and also to analyze the effects of relevant socioeconomic variables on road traffic accident in Nigeria between 1990 and 2013.Two models; impact of traffic accident on economic growth and the extent of socio-economic determinants of road traffic accidents were analyzed using econometric view 8.0 (E-View 8.0) statistical package. The result showed that road traffic accident is inversely related to economic growth. . The study also showed a negative relationship between Gross Domestic Product Per Capita, total road network and road traffic accident. The study, therefore, concludes that reducing poverty and increase in number of road network in the country will go a long way to complement the effort of Federal Road Safety Corps (FRSC) in eliminating the menace of road traffic accident which will consequently impact positively on economic growth in Nigeria.

Item Type: Article
Subjects: H Social Sciences > H Social Sciences (General)
H Social Sciences > HB Economic Theory
H Social Sciences > HF Commerce
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Miss Ayomikun Ogunbadejo
Date Deposited: 19 Jun 2020 13:20
Last Modified: 19 Jun 2020 13:20

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