Vesna Jablanovic – University of Belgrade, Faculty of Agriculture, Nemanjina 6, 11081 Belgrade, Serbia


5th International Scientific Conference – EMAN 2021 – Economics and Management: How to Cope With Disrupted Times, Online/Virtual, March 18, 2021, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; ISBN 978-86-80194-43-1, ISSN 2683-4510


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.


Receipts, International tourism, Growth, Stability, Chaos.


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