Why do prosperous economies develop in some countries and regions, while others stagnate? The Working Group on the Foundations of Long-Run Prosperity applies approaches from a range of disciplines to understand the mechanics of long-run growth. It disseminates the results to the research community, policy makers, and the broader public.

Long-Run Prosperity Working Paper Series
Path Towards Prosperity: Institutions & Development
Path Towards Prosperity: Institutions & Development

The Hoover Institution hosts Path Towards Prosperity: Institutions & Development: Spring 2024 Conference Of The Working Group on the Foundations of Long-run Prosperity on March 28–29, 2024.

The historical record shows us that the path to economic prosperity is not linear or uniform. Historical contingencies, technology, and institutions interact in ways that can be explained ex-post but not predicted ex-ante. Some paths of development turn out to lead to stagnation, and others to sustained growth. This conference examines these factors that impact development trajectories.

Challenges of Middle-Income Economies

Conference Report

The Hoover Institution’s Foundations of Long-Run Prosperity Working Group, cochaired by Hoover senior fellows Stephen Haber and Amit Seru, held its fall 2023 conference in Istanbul, Turkey, on October 26 and 27, 2023, in partnership with Koç University.

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