The Bureau of Transport Economics now the Bureau of Transport and Regional Economics (BTRE) last estimated road crash costs in 2000 based on 1996 data. It showed that the total losses to the society and economy due to road crashes was nearly $15 billion a year or $41 million a day in 1996 prices. After discussing the need to update estimates of the costs of road crashes in Australia, this paper will outline briefly the model used at its last cost estimation and how it addressed the conceptual and empirical issues that were canvassed at the time. It also outlines how the review proposes to build on and add value to the BTRE's road crash cost estimates of 1996. (a) For the covering entry of this conference, please see ITRD abstract no. E216058.
Samenvatting