Computerized Economic Growth Monitoring System
CHAPTER ONE
Aims and Objective of the Study
Having identified some major problems in the Federal Ministry of Finance, the objectives of this study are thus stated as follows:
- To properly analyze the problem of the present system.
- To design and develop a computer-based solution for Economic Growth Monitoring system that will help to forecast economic growth properly.
- To develop a computer-based system that will describe the economic growth in numerical terms; gross domestic, and inflation rate (increasing or decreasing) wage, price and employment.
CHAPTER TWO
LITERATURE REVIEW
Introduction
In this chapter related works done by other authors on economic growth monitoring system were reviewed. This literature review was done according to the following sub-headings: the history and development of growth monitoring system, history of growth domestic product, how to determine growth domestic product, difference between growth domestic product and growth how to measure growth, Empirical framework of growth etc.
History and Development of Growth Monitoring Programmes
Growth monitoring, particularly of infants and young children, is widely regarded as an essential element of primary health care and in a recent survey 154 of 178 Ministries of Health (88%) reported that they monitor child growth (de Oniset al.2004).
The potential of growth monitoring lies in its use as a diagnostic tool for identifying a child with a nutritional or health problem, thus enabling action to be taken before the child’s nutritional status is seriously jeopardized. Most growth monitoring programmes use weightCharts to provide a graphic representation of a child’s weight-for-age. An undernourished or sick child will have a slower rate of weight gain than a well-nourished, healthy child. Monitoring growth by plotting a child’s weight at regular intervals and comparing the pattern of growth to reference curves of healthy children permits early detection of growth Faltering. It provides an early warning signal and a trigger for early action. Growth monitoring has a long history. Regular weighing of infants was advocated by Guillot in the 1850s for assessing the adequacy of lactation in neonates, and in the 1870s Cnopf in Nuremberg was the first to weigh infants systematically beyond the perinatal period, while Russow in St Petersburg was the pioneer of growth standards and of the idea that growth reflects an infant’s well-being (Tanner, 1991). In 1899 in St Helens, England, regular child weighing and practical advice were provided by volunteers of the Infant Welfare Movement (Williams, 1986) and by the mid-1920s there was a nationwide network of welfare centers that were organized around child weighing. The first growth reference was introduced in England in 1906 (Tanner, 1991). Dr Cicely Williams reported that as early as 1910 mothers in Jamaica were weighing their babies (Rohde, 1988).
CHAPTER THREE
RESEARCH METHODOLOGY
Introduction
This chapter centered on the analysis of the existing system and how to develop a more effective system that would eradicate the problems observed in the current system. Also in this chapter the consideration taken in designing the new system and the architecture that would be used in designing the new system were treated.
Analysis of the Existing System
The existing system is one that has been manually operated over the years. It is a system in which all the methods of monitoring growth is of a manual approach. Critical analysis of this system reveals that it is prone to errors. Careful analysis also shows that due to the complexities of the manual system record of individuals are kept are inaccurate and manually operated in such a way that requires the staffs to record them in books, thereby making staff handle two or three jobs at a time. The information stored is also difficult to retrieve and update making multi-tasking a super-human undertaking on a daily basis for the staff attendants.
CHAPTER FOUR
IMPLEMENTATION AND EVALUATION
In this chapter the design of the new system, and its implementation were discussed under the following sub-headings:
The requirement for running the system, the Algorithm and pseudo-codes used in designing the system, the input and output snapshots from the system and also evaluation of result.
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
Summary of Result
This research project was carried out on the process of monitoring Economic growth in the ministry of finance. After careful examination, it was observed that the ministry of finance was still operating manual Economic growth monitoring, the system makes work tedious for the staff and most times it is prone to errors in calculation and recoding. This led to the design and implementation of a computerized system which will be better, faster and error free, if implemented. The new system was tested using accurate data and fact and it gave expected results.
Conclusion
No country will develop without appropriate management of her economy. This is why it is very important to look into economic growth monitoring. Computerizing the growth monitoring system will help in controlling funds and avoid wastage and mistake caused by human error. It also helps to store data for future useand provides steady update on the economic growth of the country if put to use.
Recommendation
As a result of time constraint, I was unable to cover every department available in the Ministry; so I am of the opinion that this work be assigned to other students so that they can work on other part of this work. For safety of information within the Economic Growth Monitoring System I recommend that adequate means of “backup” of the system files should be done at each run time. Preferably, the backup process should be done during the update routine and the resulting files dumped onto a secondary storage device. Hence, when any of the files in use is lost or accidentally destroyed, the update program can be used to retrieve the duplicate stored in the back-up. The researcher also hereby recommends that the federal ministry of finance turn to Electronic Data processing (EDP) systems.
References
- Afangideh, U. J (June, 2009): “Financial Development and Agricultural Investment in Nigeria: Historical Simulation Approach”, West African Journal of Economic and Monetary Integration Vol. 9. Nigeria.
- Agu, C.C. and J.O. Chukwu (2008:189-190): “Toda and Yamamoto causality tests between bank based financial deepening and economic growth in Nigeria”.European Journal of Social Science, Calabar.
- Arestis, P., P. and Demetriades, (1997: 783- 799): “Financial Development and Economic Growth: Assessing the Evidence”, the Economic Journal, Washington.
- Arestis, P., P.Demetriades and K.Luintel (2001:16-41), “Financial Development and Economic Growth: The Role of Stock Markets,” Journal of Money, Credit, and Banking. World Bank, Zurich.
- Aziz, J. and C. Duenwald.(2002): “Growth-Financial Intermediation Nexus” IMF Working Paper, China.
- Bencivenga, V.R. and B.D Smith (1991), “Financial Intermediation and Endogenous Growth”, Review of Economic Studies, Sunderland :403-404.
- Boyreau-Debray, G. (2003): “Financial Intermediation and Growth: Chinese style”, Policy Research Working paper No. 3027, World Bank, Austria.
- Christopoulus, D. and E. Tsionas (2004: 55-74): “Financial Development and Economic Growth: Evidence from Panel Unit Root and Integration tests”, Journal of Development Economics, Toronto.
- De Gregorio, J. and P.E .Guidotti.(1995: 43-48): “Financial development and economic growth”,World Development, Georgia.
