Estimating the economic costs of traffic accidents in Libya: An Econometric Study during the period 1995-2017

Sagr El- jabani ,Wael Gabrel , Abdulaziz Sadaga

Abstract

‎ The study aims to estimate of  the economic impact for traffic accidents in Libya, ‎and to achieve the desired aims, the study applied the quantitative method. In  ‎analysing  the study data, statistical computer program services were used through the ‎software contained in (EVIEWS 10), Was used of Vector Auto Regression model ‎‎(VAR) . The results found were summarised as follows: Firstly, The study revealed ‎that the general attitude of the number of road traffic deaths in Libya has a significant ‎increase during the study period. Secondly, the study  demonstrated The economic ‎impact of the number of road traffic deaths causes a retreat of 0.000004 of the value ‎of the gross domestic product in Libya. Finally, the study provided a set of ‎recommendations that will hopefully be followed for reduce the phenomenon of ‎traffic accidents in Libya and its economic implications .‎