Estimating long-term econometric models capturing the impact of economy on traffic safety, based on macro panel data.

Time series of the number of fatalities and GDP in 30 European countries for a period of 38 years (1975–2012) are collected.

State-of-the-art modelling and analysis techniques such as the Common Correlated Effects Mean Group estimator (Pesaran) are used.

The long-term elasticity mean value moves from 0.63 towards nearly one, after removing countries where number of fatalities is stationary.