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| Michael Batu and Zichun Zhao |
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| ''The Sun's wrath: economic effects of sunspot volatility'' |
| ( 2021, Vol. 41 No.1 ) |
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| 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. |
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| Keywords: Solar activity, economic costs, disasters |
JEL: A1 - General Economics: General Econ
E1 - General Aggregative Models: General |
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| Manuscript Received : Apr 29 2020 | | Manuscript Accepted : Mar 10 2021 |
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