The ranking of municipalities in Serbia through the development level of SME in agribusiness

Abstract

One crucial factor of economic growth in Serbia is agriculture; its significance is indisputable. Serbia's northern region of Vojvodina is widely recognized as being the most developed in this area, maintaining a dominant role in agricultural production. Since Serbian government officials constantly emphasize the importance of uniformly developed municipalities, it is vital to provide insightful views on the region Of Vojvodina and its municipalities. In particular, this study focuses attention on small and medium enterprises incorporated into agribusiness. Data concerning six, carefully selected economic indicators have been obtained, and a statistical I-distance method has been carried out through them. By utilizing this approach, municipalities are able to be ranked according to their level of agribusiness development. Moreover, the results achieved through the methodology presented here provide a vital insight into municipalities that need to be dramatically improved.