THE CHAOTIC RECEIPTS GROWTH MODEL: INTERNATIONAL TOURISM
THE CHAOTIC RECEIPTS GROWTH MODEL: INTERNATIONAL TOURISM

Author(s): Vesna Jablanović
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Summary/Abstract: International tourism receipts are expenditures by international inbound visitors. These receipts include payments to national carriers for international transport. The basic aims of this paper are: firstly, to create a relatively simple chaotic receipts growth model that is capable of generating stable equilibria, cycles, or chaos, and secondly, to analyze the world receipts growth stability in the period 1995-2018. This paper confirms the existence of the stable growth path of the world receipts in the observed period.

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