Investigation of the Effect of Economic Factors on the Shadow Price of Road Accidents in Iran

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KAGHAZIAN SOHEILA; LASHKARIZADEH MARYAM; NAGHDI YAZDAN

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Journal Paper

Paper Information

Journal: INTERNATIONAL JOURNAL OF SOCIAL SCIENCES Year:2021 | Volume:11 | Issue:2 Page(s): 35-45

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Title

Investigation of the Effect of Economic Factors on the Shadow Price of Road Accidents in Iran

Author(s)

KAGHAZIAN SOHEILA | LASHKARIZADEH MARYAM | NAGHDI YAZDAN | Issue Writer Certificate

Keywords

Shadow price of road accidents

Kuznets curve

Gross Domestic Product (GDP)

Abstract

One big challenge every society has to deal with is the problem of road accidents and casualties after them. Many believe that this imposes huge economic costs on the society. Compared with developed countries, developing nations suffer from larger numbers of victims in this crisis that is why road accidents in these countries are known as one of the major causes of death. The aim of this study is to evaluate some economic factors which affect the Shadow price of road accidents in Iran’ s economy. This study analyses the relationship between these factors and the shadow price in the form of ARDL econometric methods during the period 1996-2018. According to the obtained results, it can be claimed that the GDP and shadow price of accidents and traffic correlate with each other. This correlation shows the shadow price in Iran increases along with economic growth, and after reaching a turning point, it begins to decline. In other words, it could be said that the relation between the shadow price of road casualty and GDP in Iran seem to behave similarly to the inverted U-curve of Kuznets. Therefore, it was indicated that the Smeed’ s law can be applied in Iran.

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APA: Copy

KAGHAZIAN, SOHEILA, LASHKARIZADEH, MARYAM, & NAGHDI, YAZDAN. (2021). Investigation of the Effect of Economic Factors on the Shadow Price of Road Accidents in Iran. INTERNATIONAL JOURNAL OF SOCIAL SCIENCES, 11(2), 35-45. SID. https://sid.ir/paper/703710/en

Vancouver: Copy

KAGHAZIAN SOHEILA, LASHKARIZADEH MARYAM, NAGHDI YAZDAN. Investigation of the Effect of Economic Factors on the Shadow Price of Road Accidents in Iran. INTERNATIONAL JOURNAL OF SOCIAL SCIENCES[Internet]. 2021;11(2):35-45. Available from: https://sid.ir/paper/703710/en

IEEE: Copy

SOHEILA KAGHAZIAN, MARYAM LASHKARIZADEH, and YAZDAN NAGHDI, “Investigation of the Effect of Economic Factors on the Shadow Price of Road Accidents in Iran,” INTERNATIONAL JOURNAL OF SOCIAL SCIENCES, vol. 11, no. 2, pp. 35–45, 2021, [Online]. Available: https://sid.ir/paper/703710/en

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