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The Sun’s Wrath: Economic Effects of Solar Activity

Author

Listed:
  • Michael Batu

    (Department of Economics, University of Windsor)

  • Zichun Zhao

    (Department of Economics, University of Windsor)

Abstract

We provide empirical evidence on the negative relationship between intense solar activity 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, 2019. "The Sun’s Wrath: Economic Effects of Solar Activity," Working Papers 1903, University of Windsor, Department of Economics.
    • Handle: RePEc:wis:wpaper:1903
    as

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    File URL: http://web2.uwindsor.ca/economics/RePEc/wis/pdf/1903.pdf
    File Function: First version, 2019
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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:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O49 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Other
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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