4th International Thematic Monograph – Modern Management Tools and Economy of Tourism Sector in Present Era
THE CHAOTIC GROWTH MODEL OF THE TOTAL CONSUMPTION  VISITOR EXPENDITURE: EURO AREA

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

DOI:   ​​https://doi.org/10.31410/tmt.2019.17
​

4th International Thematic Monograph –   Modern Management Tools and Economy of Tourism Sector in Present Era, Belgrade, 2019,   Published by:  Association of Economists and Managers of the Balkans in cooperation with the Faculty of Tourism and Hospitality, Ohrid, North Macedonia;   ISSN 2683-5673,  ISBN 978-86-80194-29-5;   Editors:   Vuk Bevanda, associate professor, Faculty of Social Sciences, Belgrade, Serbia;   Snežana Štetić, full time professor, The College of Tourism, Belgrade, Serbia,   Printed by:  SKRIPTA International, Belgrade
Abstract: This paper examines the total consumption expenditure made by a visitor or on behalf of a
visitor for and during his/her trip and stay at destination in the euro area. The basic aims of this paper
are: firstly, to create a relatively simple chaotic growth model of the total consumption visitor expenditure
that is capable of generating stable equilibria, cycles, or chaos, and secondly, to analyze the total
consumption visitor expenditure growth stability in the period 2012-2018 in the euro area. This paper
confirms the existence of the different growth path of the total consumption visitor expenditure in the
euro area in the observed period.

Keywords: Expenditure, Tourism, Growth, Stability, Chaos.

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