AN EVALUATION OF SOME ALTERNATIVE ECONOMETRIC MODELS FOR ANALYZING ROAD ACCIDENT DATA

Many empirical models have been developed and estimated over the past decade to analyze the effects of vehicle speed and alcohol consumption on road safety. This paper attempts to evaluate the various econometric models used and to illustrate the other state-of-the art methodologies that will improve the accuracy of traffic accident models, which in turn will lead to more effective policies and investment decisions in the area of road safety. (a) For the covering entry of this conference, please see ITRD abstract no. E202317.