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Shifting Pattern of Extraordinary Economic and Social Events in Relation to the Solar Cycle

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  • Gorbanev, Mikhail

Abstract

Most notable claims linking events on Earth with solar cycle phases relate to solar maximums. Cyclical maximums of solar activity could be associated with economic recessions (W.S.Jevons) or revolutions (A.L.Chizhevsky). However, both the diminishing magnitude of solar cycles and the recent crisis events warrant closer attention to solar minimums. The ongoing global economic and financial crisis—caused by the “great lockdown” response to the new COVID-19 coronavirus pandemic—coincided with cyclical minimum of solar activity, as did the previous Global Financial Crisis of 2007-09. And before that, Asian crisis of 1997-98 began shortly after solar minimum. These events point to the new emerging pattern of global economic and financial crises coinciding with cyclical minimums of solar activity.

Suggested Citation

  • Gorbanev, Mikhail, 2020. "Shifting Pattern of Extraordinary Economic and Social Events in Relation to the Solar Cycle," MPRA Paper 102163, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:102163
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    File URL: https://mpra.ub.uni-muenchen.de/102163/1/MPRA_paper_102163.pdf
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    References listed on IDEAS

    as
    1. Gorbanev, Mikhail, 2015. "Can solar activity influence the occurrence of economic recessions?," MPRA Paper 65502, University Library of Munich, Germany.
    2. Gorbanev, Mikhail, 2012. "Sunspots, unemployment, and recessions, or Can the solar activity cycle shape the business cycle?," MPRA Paper 40271, University Library of Munich, Germany.
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    Cited by:

    1. Berislav Žmuk & Hrvoje Jošić, 2023. "Investigation Of The Sunspots And Gdp Nexus: The Case Of Balkan Countries," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 68(237), pages 69-95, April – J.

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    1. Gorbanev, Mikhail, 2015. "Can solar activity influence the occurrence of economic recessions?," MPRA Paper 65502, University Library of Munich, Germany.
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    More about this item

    Keywords

    revolution; recession; business cycle; sunspot; solar cycle;
    All these keywords.

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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