Regional Aspect Of Agribusiness Smes Development In Serbia – Opportunity To Reduce Unemployment
Regional Aspect Of Agribusiness Smes Development In Serbia – Opportunity To Reduce Unemployment

Summary/Abstract: Changes of the political and economic concept initiated during the 1980s and still ongoing have significantly altered the strategy of agribusiness development. The direction has switched from the development of the agro-industrial complex that is focused on socialization of agriculture and creation of large corporate business systems towards a completely opposite concept, which implies privatization and development of small and medium enterprises. Current state of small and medium size agricultural entrepreneurship in Serbia is far below its potential and below satisfactory. Underused economic potential of agriculture is a great opportunity for the development of both SMEs and the agribusiness. The ranking of districts based on the prominence level of examined parameters will enable a formation of related groups and a determination of similarities or differences in the observed regions. In this study, we used cluster analysis to determine how the districts in Serbia are grouped according to development level of small and medium agribusiness enterprises in order to obtain insight into the current state of regional development of this sector, as well as into the possibility for developing the least developed regions in Serbia. Cluster analysis yielded five homogeneous groups, whereby each cluster has its own special characteristics in terms of prominence of certain observed indicators.

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