DEVELOPMENT PROGRAMS AND ECONOMIC GROWTH IN DEVELOPING COUNTRIES – ANALYTICAL AND ECONOMETRIC STUDY USING PANEL DATA

Economic growth is one of the primary objectives pursued by governments and aspired to by societies, as it is considered one of the main indicators reflecting the progress of nations. The optimal preparation and implementation of development programs are among the significant factors that contribute to achieving economic development, raising the rate of economic growth, improving living conditions, and reducing unemployment levels. Economic growth is linked to a set of fundamental factors in society that serve as a conducive environment for its advancement, such as the availability of highly efficient institutions, good governance, scientific research, health, education, and so on. Through this study, we have attempted to explore various aspects that embody the essence of determining the extent and effectiveness of economic development programs on economic growth in developing countries.