Page 17 - 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

Example: while constructing the model of a simple reproduction scheme
Aleksandr Granberg has assumed an exchange between the two subsets ∆c I+ ∆v I=
∆c II to be the initial source. In the expanded reproduction schemes (with due account
to accumulations), he assumed the exchange between the two subsets and within the
two, to be in the following ratios:

Scheme 1. The Procedure of Matching the Indicators of the Two Subsets. The
Granberg model.
The outcomes of the exchange of products in accordance with the adopted
procedure of matching the indicators of the two subsets are: the balanced
distributions of outcome products (shown below):
(2.85)

A. Granberg has pointed out that the specific features of the analyses of the
macroeconomic dynamics in the Marxian reproduction schemes are as follows: (a)
the reproduction cycle of the main and operating capital equals one year, (b) the
organic structure of capital (ratio c:v) in both the two subsets remains constant in
time, (c) the rates of surplus value (ratio m:v) in both the two subsets remain
unchanged, and (d) the share of accumulations of surplus value in subset I remains
unchanged.
The above assumptions define the dynamics of the two subsets. As a result,
starting from the second year, the annual growth rates and key ratios (including
between the two subsets) remain constant. That means, - the proximity with the
mainstream trajectories of the balanced growth has been observed such that: the
annual growth rate Pt+i/t is defined by the following ratio:

,

where — constant share of accumulation of surplus value in subset I.
A. Granberg has also indicated that the specific feature of the Lenin
reproduction schemes lies in the input by the scientific and technical progress. In

17