Page 24 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.73, # 1, 2016, pp. 4-37

has been set for resolving the Granberg tasks regarding decreasing the materials
intensity of the gross product.
The opportunity will arise, parallel in time, for reviewing of economic models
of assessment of regulatory impacts on the economic development of any given
country. First of all, the change in economic models is beneficial for the developing
countries. That is being explained, primarily, by the fact that almost all developed
countries are positioned within the zone of international reserve currencies and, for
that matter, such change in economic models is not beneficial for them.
3. The principle of reversibility as the method of solving the Granberg
problem set on the decreasing the materials intensity of the gross product.
By analyzing the history of the development of the income method, which based
on the theoretical inheritance of one-dimensional measurement of expenditures and
their outcomes of Adam Smith, and the expense method of the two dimensional
measurement, which is based on the theoretical inheritance of Karl Marx, the
methodology of setting up the system of economic models and their coherence
between on another, has been set up [Baizakov, S. and Oinarov, A., 2000].
As with the application of this methodology, the intention of the authors of
the present research (focused on exploring the instruments that are adequate to
modern realities and relate to measuring expenditures and their outcomes) facilitate
the solution of the Granberg problem set and, thus, enable identification of genuine
parameters of real economic growth.
First, the indispensable instrument for according the labor cost theory and the
marginal utility theory has come to be the principle of the two dimensional
measurement system. With its help, the solution of the concurrent problems becomes
possible, parallel in time. These relate to the monetary and labor forms of
measurements. The expenses and outcomes matrices, in accordance with the forms of
measurements, serve the basis for the shift of the monetary measurements to labor
measurements, and in the reverse order, when the two dimensions principle is applied.
The procedure of the interchangeable shift of one dimension into another (and
vice versa) as the methodology of solving the concurrent problems in two
dimensions has been reflected, in detail, in the three volume book of N. Akimov
―From Capitalism to Capitalism [Akinov, N., 2014].‖ As highlighted in his book, the
algorithm of the change in economic models starts with the inter-sector model by
means of scaling the vectors and the matrix parameters (measurements). ―Scaling
means reflection of the aggregate domestic product as some homogeneous, not
multiple component outcome, of the domestic product when both the products are
not disaggregated into components yet. Then, instead of the matrix, the coefficient
of direct costs of dimension (n*n), if that holds true, then only one coefficient (a)

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