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The Sun's wrath: economic effects of sunspot volatility

Author

Listed:
  • Michael Batu

    (University of the Fraser Valley)

  • Zichun Zhao

    (McMaster University)

Abstract

We provide empirical evidence on the negative relationship between sunspot volatility and GDP in OECD countries. Among the different sectors, we find that the information and communication sector is the most adversely affected by space weather.

Suggested Citation

  • Michael Batu & Zichun Zhao, 2021. "The Sun's wrath: economic effects of sunspot volatility," Economics Bulletin, AccessEcon, vol. 41(1), pages 117-124.
    • Handle: RePEc:ebl:ecbull:eb-20-00377
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2021/Volume0/EB-21-V41-I1-P11.pdf
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    References listed on IDEAS

    as
    1. Eduardo Cavallo & Sebastian Galiani & Ilan Noy & Juan Pantano, 2013. "Catastrophic Natural Disasters and Economic Growth," The Review of Economics and Statistics, MIT Press, vol. 95(5), pages 1549-1561, December.
    2. Melissa Dell & Benjamin F. Jones & Benjamin A. Olken, 2012. "Temperature Shocks and Economic Growth: Evidence from the Last Half Century," American Economic Journal: Macroeconomics, American Economic Association, vol. 4(3), pages 66-95, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Solar activity; economic costs; disasters;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models

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