The rate of economic growth varies widely from country to country. Over the years, several possible variables have been found; nonetheless, the identification of meaningful growth drivers has been a significant challenge for empirical inquiry. In this study, an effort has been made to investigate a range of macroeconomic factors that, between 1970 and 2021, have played a key part in boosting economic expansion. The econometric findings indicate that human capital, financial development, and industrial output are the elements that contribute positively to economic growth. On the other hand, the variable trade liberalization is shown to contribute negatively to economic growth in emerging nations. The government needs to formulate strategies to engage in human capital as well as fixed assets; doing so would result in more employment prospects for the populace as well as rapid economic expansion.

Economic growth, Developing countries, exports, human capital, investment