Association between Economic Fluctuations and Road Mortality in OECD countries

Using longitudinal data from 32 Organization for Economic Co-operation and Development (OECD) countries (1970-2010), this article investigates association between annual variations in road mortality and the economic fluctuations. Two regression models (fixed-effects and random-coefficients) were adopted for estimation. The cross-country data analyses suggested that road mortality is pro-cyclical and that the cyclicality is symmetric. Based on data from 32 OECD countries, an increase of on average 1% in economic growth is associated with a 1.1% increase in road mortality, and vice versa.