Gasoline prices and road fatalities: Evidence for a large panel of countries

Crawford School of Public Policy | Arndt-Corden Department of Economics
Image by Brad.K on flickr.

Event details

ACDE Seminar

Date & time

Tuesday 03 September 2013
2.00pm–3.30pm

Venue

Coombs Seminar Room B, Coombs Building 9, Fellows Road, ANU

Speaker

Paul Burke, Arndt-Corden Department of Economics, Crawford School of Public Policy, ANU

Contacts

Daniel Suryadarma
61250304

This study utilizes data for 144 countries over the period 1991-2010 to present the first international estimates of the gasoline price elasticity of road fatalities. We instrument the gasoline price with oil reserves and the international crude oil price to address potential endogeneity concerns. Our findings suggest that the reduction in road fatalities resulting from a 10% increase in the gasoline pump price is in the order of 3-7%. The large fuel subsidies that are maintained in some countries substantially increase their road death rates.

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