Economic Analysis On The Road Traffic Safety Law

In this paper,through the theoretical analysis of the "Traffic Accident Liability Principle","Compulsory Insurance for Traffic Accident of Motor-driven Vehicle","Traffic Penalty System",and "Point-record System" of "Road Traffic Safety Law",we have come to the following conclusions:the stipulation of "Traffic Accident Liability Principle" and "Compulsory Insurance for Traffic Accident of Motor-driven Vehicle" will cause more traffic accidents,and on the contrary,the "Traffic Penalty System" and "Point-record System" will reduce the traffic accidents.Through the empirical analysis,the "driver's driving experience",the "road density",the "ratio of expressway",the "education level" are significantly negative,while the "per capita beer output" is significantly positive,which are in conform to the expectation;the "road transport intensity" is insignificantly negative,indicating its insignificant role.Most importantly,"management intensity(per capita penalty income)",one of the core variables,is significantly negative;"Motor Insurance Premiums" is not significant,the current premium symbol is positive,and the lagging is negative,which is expected as the theoretical discussion part of Insurance.In the case of 2003,2004 as a dummy variable as an intercept,Traffic Laws probably have a significant negative effect on the traffic accident in terms of policy.