Saving money through having less car accidents doesn’t produce GDP. It might even reduce GDP because people don’t have to buy a new car to replace the crashed car.
Wouldn’t the capital saved on fewer car accidents be free to boost consumption and production? Moreover, most of the $800 billion figure does not entail savings from car repairs/replacements but working hours lost to injuries, traffic jams, medical bills, and QALY lost.
Saving money through having less car accidents doesn’t produce GDP. It might even reduce GDP because people don’t have to buy a new car to replace the crashed car.
Wouldn’t the capital saved on fewer car accidents be free to boost consumption and production? Moreover, most of the $800 billion figure does not entail savings from car repairs/replacements but working hours lost to injuries, traffic jams, medical bills, and QALY lost.