Structural changes and economic growth of the Republic of Serbia: A contribution to the economic history of the second half of the 20th century

The main characteristic of the economic development of the Republic of Serbia during the second half of the 20th century was contained in the development of industry, which, according to all relevant indicators, led to rapid and very large structural changes that were accompanied by high rates of economic growth. However, at the very beginning of the observed period, large structural mismatches occurred in the economy of the Republic of Serbia as a consequence of the mentioned changes. Due to their continuous presence throughout the analyzed period, these mismatches represent a basic characteristic of development processes, and also a confirmation (obtained through research on the example of the Republic of Serbia) of a theoretically established cause and effect relationship between structural changes and economic growth.