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With a special focus on the Republic of Serbia, this article will examine the macroeconomic performance of the external macroeconomic sector and its impact on the economic progress of developing countries. Our aim is to prove that economic development and the growth of the external macroeconomic sector are correlated. We will do so by analysing how macroeconomic parameters are conditioned. By analysing the macroeconomic and primarily dynamic indicators of countries in transition, including Serbia, it is possible to determine the situation and changes as well as potential causes of economic development. A macroeconomic analysis of developing countries can also determine the characteristics of economic development and mutual relations between macroeconomic indicators. [ABSTRACT FROM AUTHOR]

Copyright of Economics of Agriculture / Ekonomika Poljoprivrede is the property of Institute of Agricultural Economics (IAE) / Belgrade and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Economics of Agriculture / Ekonomika Poljoprivrede is the property of Institute of Agricultural Economics (IAE) / Belgrade and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Transition: Journal of Economic & Politics of Transition / Tranzicija: Časopis za Ekonomiju i Politiku Tranzicije is the property of Ekonomski Institut Tuzla and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Transition: Journal of Economic & Politics of Transition / Tranzicija: Časopis za Ekonomiju i Politiku Tranzicije is the property of Ekonomski Institut Tuzla and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)