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Modelling the Impact of the Solar Activity on Demographic and Economic Indicators

Author

Listed:
  • Adalat Muradov

    (Azerbaijan State University of Economics, Baku, Azerbaijan,)

  • Yadulla Hasanli

    (Scientific Research Institute of Economic Studies, Azerbaijan State University of Economics, Baku, Azerbaijan)

  • Nazim Hajiyev

    (Azerbaijan State University of Economics, Baku, Azerbaijan.)

  • Rovshan Akbarov

    (Deputy Director of the Distance, correspondence and additional professional education Center of Azerbaijan State University of Economics (UNEC), Baku, Republic of Azerbaijan.)

Abstract

Researchers devoted a great attention to the studying of the solar activity for a long time. The reason is that the Sun has a strong impact on the world and people's lives. An increase in solar activity triggers world magnetic field that causes to increase the physical and mental health of the people. Human capital has a very important role in economic, social and demographic development. Therefore, solar activity can be considered as an important factor for the above detailed areas. The solar activity is defined with different indicators. The results of the econometric models indicate that an increase in solar activity (Wolf number) has a positive effect on rate, natural population growth, marriage and a negative effect on mortality and divorces. The solar activity has a positive impact on world GDP, investment and world oil prices.

Suggested Citation

  • Adalat Muradov & Yadulla Hasanli & Nazim Hajiyev & Rovshan Akbarov, 2018. "Modelling the Impact of the Solar Activity on Demographic and Economic Indicators," International Journal of Energy Economics and Policy, Econjournals, vol. 8(4), pages 120-124.
    • Handle: RePEc:eco:journ2:2018-04-15
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    More about this item

    Keywords

    Solar activity; human factor; demographic indicators; natural growth; GDP; world oil price.;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • C59 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Other
    • J11 - Labor and Demographic Economics - - Demographic Economics - - - Demographic Trends, Macroeconomic Effects, and Forecasts
    • J19 - Labor and Demographic Economics - - Demographic Economics - - - Other

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