Gasoline prices and road fatalities: International evidence

Paul Burke, Shuhei Nishitateno

    Research output: Contribution to journalArticle

    Abstract

    This study utilizes data for 144 countries from 1991 to 2010 to present the first international estimates of the gasoline price elasticity of road fatalities. We instrument each country's gasoline price with that country's oil reserves and the yearly international crude oil price to address potential endogeneity concerns. Our findings suggest that the average reduction in road fatalities resulting from a 10% increase in the gasoline pump price is in the order of 3%-6%. Around 35,000 road deaths per year could be avoided by the removal of global fuel subsidies. (JEL R41, H23, O18, Q43)
    Original languageEnglish
    Pages (from-to)1437-1450
    JournalEconomic Inquiry
    Volume53
    Issue number3
    DOIs
    Publication statusPublished - 2015

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