Looking for traces of the Troika’s intervention in European road safety

•Capital injections were necessary for some EU states due to economic crisis by the so-called Troika.•Financial intervention reduces traffic safety policy budgets but might also have a positive effect on traffic safety.•Our results would dispute the negative evidence about austericity and the way in...

Full description

Saved in:
Bibliographic Details
Published in:Accident analysis and prevention 2020-03, Vol.137, p.105461-105461, Article 105461
Main Authors: Castillo-Manzano, José I., Castro-Nuño, Mercedes, López-Valpuesta, Lourdes, Boby, Jesús
Format: Article
Language:English
Subjects:
Accidents, Traffic - statistics & numerical data
Austericity
Built Environment - economics
Europe
European Union
European Union - economics
Financial intervention
Humans
Kuznets curve
Panel data
Road safety
Safety - economics
Troika
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:•Capital injections were necessary for some EU states due to economic crisis by the so-called Troika.•Financial intervention reduces traffic safety policy budgets but might also have a positive effect on traffic safety.•Our results would dispute the negative evidence about austericity and the way in which the EU handled the economic crisis.•There is a robust non-linear Kuznets curve between road safety (also accidents) and economic development. The recent economic crisis has required the bailout of some European States by the so-called Troika, with capital injections accompanied by financial austerity. This paper analyzes econometrically the impact of this support programme on road safety for an original panel data (1995–2015). The findings also corroborate the Kuznets curve hypothesis for traffic accidents in the long term. Regarding the impact of intervention in the short term, despite reductions in safety policy budgets due to austerity, financial support, and related austerity measures might have led to an improvement in road safety, reducing both the number of accidents and fatalities. Therefore, it seems that our result is more linked to the austerity measures than to the financial support given by the Troika.
ISSN:0001-4575
1879-2057
DOI:10.1016/j.aap.2020.105461