The Sun's wrath: economic effects of sunspot volatility

Michael Batu and Zichun Zhao (zhaoz137@mcmaster.ca)
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Zichun Zhao: McMaster University

Economics Bulletin, 2021, vol. 41, issue 1, 117-124

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.

Keywords: Solar activity; economic costs; disasters (search for similar items in EconPapers)
JEL-codes: A1 E1 (search for similar items in EconPapers)
Date: 2021-03-10
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Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-20-00377

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