Tendencies of gross domestic product of agriculture in Serbia [Serbia and Montenegro]
2005
Nikolic-Djoric, E. | Cobanovic, K. | Mutavdzic, B.(University of Novi Sad, Novi Sad (Serbia and Montenegro). Faculty of Agriculture, Department of Agricultural Economics and Rural Sociology)
The paper analyses the tendency of changes of gross domestic product (GDP) of agriculture in Serbia (Yugoslavia)in the period of 1952-2002. The two classes of non-stationary processes that may be applied for modeling trend of this time series are considered: difference stationary (DS) and trend stationary (TS) processes. The character of trend was examined by means of unit root tests. The choice of adequate trend model is very important both for analysis and forecasting of GDP of agriculture.
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