The degree of separation between clusters of Vojvodina municipalities based on selected business indicators of SMEs in agribusiness

Abstract

The work represents a continuation of previous research, where development level of small and medium entrepreneurship in agribusiness in Serbia was determined. The initial results show that the AP Vojvodina is the most developed part of Serbia when it comes to small and medium entrepreneurship in agribusiness. Previous research was carried out in order to determine intraregional development of this sector in AP Vojvodina, and then, using cluster analysis, grouping municipalities of AP Vojvodina according to development level SMEs in agribusiness was performed. Based on applied cluster analysis, Vojvodina municipalities are classified in five clusters (groups), and two other municipalities are left outside the cluster. The aim of this study is to determine to what extent each of the observed performance indicators, as well as all together, contribute to the separation of the observed groups of Vojvodina municipalities in separate clusters, based on the coefficient of separation power (separability coefficient). The determined values of separability coefficients indicate a very good separation of clusters in AP Vojvodina, which is the result of both an adequate choice of business indicators, as well as adequate separation of Vojvodina municipalities into clusters.

Keywords

• separability coefficient
• agribusiness
• sme
• vojvodina municipalities
• clusters