Economic Aspects of Traffic Safety Administration

Abstract

This paper presents tasks solutions targeting sustainable development of transport systems in condition of structural reforms from safety viewpoint. The paper defines economic aspects of road transport traffic safety management comprising three groups: (i) economic evaluation of risk and damage factors caused in road accident (RA) - and economic mechanisms of road traffic safety management, (ii) optimization of admissible RA-occurrence risks and (iii) selection of most efficient road traffic safety improvement activities. The paper examines economic development impact on road traffic safety and presents the process of selecting the road traffic safety effectiveness indices. Implementation of safety system efficiency indices enables transport system development, improves road conditions and social-economic development.