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Climate Change as an Emerging Component of Project Risk in the Agriculture Sector: An Empirical Assessment

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  • Kwame Adu-Gyamfi
  • Emmanuel Opoku

Abstract

Conditions of climate change are increasingly affecting projects, especially Agriculture projects, across the world. In this situation, climate change could pose a major risk factor in sectors such as the Agriculture sector. This paper empirically examines climate change indicators as a correlated factor of traditional risk factors. A self-reported questionnaire was used to collect data from 265 farmers affiliated to manufacturing organizations in Accra. Factor Analysis (Principal Components) and Pearson’s correlation test were used to present findings. We found that all indicators of the traditional and climate change factor produced a communality value of not less than 0.50. Moreover the climatic factor significantly correlates with the traditional factors at 5% significance level. It is therefore concluded that climate change is an emerging component of project risks.

Suggested Citation

  • Kwame Adu-Gyamfi & Emmanuel Opoku, 2016. "Climate Change as an Emerging Component of Project Risk in the Agriculture Sector: An Empirical Assessment," International Business Research, Canadian Center of Science and Education, vol. 9(11), pages 215-221, November.
    • Handle: RePEc:ibn:ibrjnl:v:9:y:2016:i:11:p:215-221
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    References listed on IDEAS

    as
    1. Michael E. Tipping & Christopher M. Bishop, 1999. "Probabilistic Principal Component Analysis," Journal of the Royal Statistical Society Series B, Royal Statistical Society, vol. 61(3), pages 611-622.
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    More about this item

    Keywords

    project management; projects; project risks; climate change; risk factor; climatic factor;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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