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

Author(s): Vesna Jablanović
Subject(s): Economy, Tourism
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Expenditure; Receipts; Tourism; Growth; Stability; Chaos.
Summary/Abstract: The basic aims of this paper are: firstly, to create a relatively simple chaotic international tourism expenditure growth model that is capable of generating stable equilibria, cycles, or chaos; and secondly, to set up a relatively simple chaotic international tourism receipts growth model. This paper confirms stable growth of the international tourism receipts and expenditures in high-income countries, low & middle-income countries, lower-middle-income countries, middle-income countries, and upper-middle-income countries in the period 1995-2018.

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