Page 25 - Azerbaijan State University of Economics

N.Akimov., S.Baizakov., A. Oinarov., E.Utembayev: The analysis of the macroeconomic
dynamics and assessment of smart factors’ inputs to the balanced growth rates

will be in effect. It shows how much of the aggregate domestic product vanishes in
the course of the interim consumption‖ [Akinov, N., 2014] The account of the entire
procedure, as this, leads to the transformation of the initial model of the inter-sector
balance towards the type, - to follow [Akinov, N., 2014] :

where

b= .

Further, having skipped the most technical part of the algorithm of the Akimov
‗scaling‘ and, upon referring interested readers to the specific chapter of N.
Akimov‘s book [Akinov, N., 2014], we shall introduce the notations, where
reflects the reverse matrix of full expenditures of the national

economy, defined by the inter-sector model in the monetary form. The ‗A‘ is the
technological matrix in it. The matrix is defined by all types of economic activity,
and ‗E‘ is the matrix of the specific algebraic units.
In general, the basis of the two dimensions principle of the inter-changeable
reversibility of labor measurements to monetary measurements and, in the reverse
order, is the following set of equations, describing the mutual interdependencies
between the macroeconomic and microeconomic indicators of direct and full labor
costs, their price variances for goods and services, and their costs by types of
economic activity:
T(i)Y(i)-t(i)X(i)=±Ө(i), i=1,2,…,n.
where ±Ө(i) – the difference between the labor costs and the time, defined by
the volume of the final product by type of economic activity (Үi), and the labor
costs, defined by production of goods, commodities and services (Хi), expressed in
man-hours per year, man-days per year, and man-months per year, by the same type
of economic activity.
As the result, at the level of the national economy, the sum of prices of all
goods and services will equal the sum of their costs:

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