Two University of Windsor researchers have shown that the sun’s wrath can affect your nation’s pocketbook.
Two University of Windsor researchers have shown that the sun’s wrath can affect your nation’s pocketbook.
Economics professor Michael Batu and master’s student Zichun Zhao have found that solar activity has a small but statistically significant effect on world economies.
The gross domestic product of the 34 member countries of the Organization for Economic Co-operation and Development decreases as solar activity increases, Zhao and Dr. Batu have demonstrated. On average, GDP decreases by at least 0.06 per cent for every increase of one per cent in solar activity, according to their research.
The correlation is most acute in the information and communication sector where a one per cent increase in solar activity lowers production by 1.07 per cent.
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Image via University of Windsor.
