Economic Cost of Work Accidents: Granger Causality Analysis on Turkey with a Panel Data Approach

Authors

  • Ferhat TopbaÅŸ Balikesir University

Keywords:

Labour Economics

Abstract

Significant costs are suffered primarily by individuals and heavy burdens are incurred on businesses and the economy in general due to work accidents. According to the ILO estimates, the total cost of accidents at work has reached to 4% of the Gross World Product (GWP). The production losses and other costs that were suffered as a result of work accidents in Turkey in 2011 are estimated to be as high as TL 34 billion. In this study, the relationship between work-related accidents and gross added value was examined with panel causality analysis using data from 26 regional units for the period between 2004 and 2011. In was determined in conclusion that the number of days of incapacity to work that emerge due to work-related accidents is a statistically significant reason of the gross added value of the region to the economy of the country.

Author Biography

Ferhat TopbaÅŸ, Balikesir University

Banking and finance department, Asistant Proffesor

References

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Published

2015-04-16

How to Cite

TopbaÅŸ, F. (2015). Economic Cost of Work Accidents: Granger Causality Analysis on Turkey with a Panel Data Approach. Asian Journal of Applied Sciences, 3(2). Retrieved from https://ajouronline.com/index.php/AJAS/article/view/2466

Issue

Vol. 3 No. 2 (2015): April 2015

Section

Articles

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