Page 33 - 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

Kazakhstan shall take place, to ensure coherence between measurements of
expenditures and their outcomes.
The purchasing power of the national currency (pp) in the above Table has
been defined in the percent relative to year 2000, according to the recurrent formula:
pp=c/pb,( С )
where с – the level of the science and technology potential of the country, and pb
– the level of the GDP deflator (pb).
As seen from the above Table, the purchasing power of the Kazakhstan Tenge
fell to pp=35% over the last decade compared to its level in the base year 2000. The
similar trend showing the decrease of the national currency has also been attributed
to other developing countries.
The nominal GDP growth indexes (NGDP) have been set by the official
statistics data and the real GDP growth rates (RGDP) in this Table, by means of the
de-filing have been determined in the certain percent relative to year 2000,
according to formula below:
RGDP=NGDP/pb. (D)
For the period 2000-2010, the growth rates of the real GDP equaled
RGDP=221%. The last two rows of the above Table reflect the balanced levels of
the real final product - RQ. One of those has been defined as the product of the
nominal GDP (NGDP) and the genuine purchasing power of the national currency of
the country:
RQ = рр*NGDP.
In this case, the growth rate of the real final product has equaled RQ =281%.
The other of the two has been defined as the product of the real GDP and the level of
the science and technology potential of the country:
RQ = с*RGDP.
The above indicator, in the same extent as the first one, has equaled RQ
=281% and, has turned out to be by 1/3 larger than that of the real GDP which has
been derived from the official statistics. Such result has been obtained by defining
the precise assessment of the growth rates of the science and technology potential of
the country.
Thus, the calculations of the growth rates of the final real product on the basis
of the GDP of the official statistics data, with the account of the level of the science
and technology potential of the country proves the balanced growth of capital, in its
form of money, and capital, in its form goods.
Thus, the new model of the balanced levels of production, employment,
income, and prices defines the entire set of the pre-calculated GDPs that have been
identified by means of the relevant qualitative indicators.

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