{ "151563-21911767": { "datetime_modified":"20260922T000256", "datetime_start":"20260924T113000", "datetime_end":"20260924T125000", "has_end_time":1, "date_start":"2026-09-24", "date_end":"2026-09-24", "time_start":"11:30:00", "time_end":"12:50:00", "time_zone":"America\/Detroit", "event_title":"Wealth Dynamics and Path Dependence", "occurrence_title":"", "combined_title":"Wealth Dynamics and Path Dependence: Brian Daza, University of Michigan", "event_subtitle":"Brian Daza, University of Michigan", "event_type":"Workshop \/ Seminar", "event_type_id":"21", "description":"This paper shows that trade integration and financial constraints can make specialization history-dependent even when sectors have the same long-run productivity potential. I develop a dynamic multisector general equilibrium model with heterogeneous entrepreneurs facing persistent productivity shocks. Financial frictions make firms' ability to expand depend on their wealth, which connects sectoral production and growth to wealth distribution. In a closed economy, relative prices respond to scarcity: initially disadvantaged sectors become more profitable and catch up with initially favored sectors. In an open economy, international markets limit this price response; initially favored sectors accumulate more wealth and account for larger long-run shares of production. I conduct a quantitative analysis using data on Peruvian firms, households, national accounts, tariffs, and international trade, and show that tighter financial constraints and greater trade exposure amplify the persistent effects of initial differences in capital allocation on sectoral specialization.", "occurrence_notes":null, "guid":"151563-21911767@events.umich.edu", "permalink":"http:\/\/events.umich.edu\/event\/151563", "building_id":"1005177", "building_name":"North Quad", "campus_maps_id":"553", "room":"4325", "location_name":"North Quad", "has_livestream":0, "cost":"", "tags":["International","Economics","seminar"], "website":"http:\/\/www.lsa.umich.edu\/econ", "sponsors":[ { "group_name":"Department of Economics", "group_id":"3302", "website":"http:\/\/www.lsa.umich.edu\/econ" }, { "group_name":"International Economics", "group_id":"3550", "website":"" }, { "group_name":"Michael Beauregard Seminar in Macroeconomics", "group_id":"3552", "website":"" }, { "group_name":"Department of Economics Seminars", "group_id":"3566", "website":"" } ], "image_url":"https:\/\/events.umich.edu\/media\/attachments\/2026\/09\/event_151563_original-1.png", "styled_images":{ "event_thumb":"https:\/\/events.umich.edu\/media\/cache\/resolve\/event_thumb\/media\/attachments\/2026\/09\/event_151563_original-1.png", "event_large":"https:\/\/events.umich.edu\/media\/cache\/event_large\/media\/attachments\/2026\/09\/event_151563_original-1.png", "event_large_2x":"https:\/\/events.umich.edu\/media\/cache\/event_large_2x\/media\/attachments\/2026\/09\/event_151563_original-1.png", "event_large_lightbox":"https:\/\/events.umich.edu\/media\/cache\/event_large_lightbox\/media\/attachments\/2026\/09\/event_151563_original-1.png", "group_thumb":"https:\/\/events.umich.edu\/media\/cache\/resolve\/group_thumb\/media\/attachments\/2026\/09\/event_151563_original-1.png", "group_thumb_square":"https:\/\/events.umich.edu\/media\/cache\/resolve\/group_thumb_square\/media\/attachments\/2026\/09\/event_151563_original-1.png", "group_large":"https:\/\/events.umich.edu\/media\/cache\/resolve\/group_large\/media\/attachments\/2026\/09\/event_151563_original-1.png", "group_large_lightbox":"https:\/\/events.umich.edu\/media\/cache\/resolve\/group_large_lightbox\/media\/attachments\/2026\/09\/event_151563_original-1.png", "event_large_crop":"https:\/\/events.umich.edu\/media\/cache\/resolve\/event_large_crop\/media\/attachments\/2026\/09\/event_151563_original-1.png", "event_list":"https:\/\/events.umich.edu\/media\/cache\/resolve\/event_list\/media\/attachments\/2026\/09\/event_151563_original-1.png", "event_list_2x":"https:\/\/events.umich.edu\/media\/cache\/event_list_2x\/media\/attachments\/2026\/09\/event_151563_original-1.png", "event_grid":"https:\/\/events.umich.edu\/media\/cache\/event_grid\/media\/attachments\/2026\/09\/event_151563_original-1.png", "event_grid_2x":"https:\/\/events.umich.edu\/media\/cache\/resolve\/event_grid_2x\/media\/attachments\/2026\/09\/event_151563_original-1.png", "event_feature_large":"https:\/\/events.umich.edu\/media\/cache\/resolve\/event_feature_large\/media\/attachments\/2026\/09\/event_151563_original-1.png", "event_feature_thumb":"https:\/\/events.umich.edu\/media\/cache\/event_feature_thumb\/media\/attachments\/2026\/09\/event_151563_original-1.png" }, "occurrence_count":1, "first_occurrence":21911767 } , "152024-21912642": { "datetime_modified":"20260911T131259", "datetime_start":"20260924T120000", "datetime_end":"20260924T160000", "has_end_time":1, "date_start":"2026-09-24", "date_end":"2026-09-24", "time_start":"12:00:00", "time_end":"16:00:00", "time_zone":"America\/Detroit", "event_title":"\u201cWho Counts? A History of Voting in America\u201d", "occurrence_title":"", "combined_title":"\u201cWho Counts? A History of Voting in America\u201d", "event_subtitle":"", "event_type":"Exhibition", "event_type_id":"7", "description":"Changes over the course of the nineteenth century in how Americans voted, from voice vote to public ballot box to private voting booth, also saw changes in the material culture that surrounded voting. Ballots and ballot boxes, campaign pins and ribbons, blank lists and pre-printed party tickets, lanterns and banners\u2013the creative forces of the American print industry filled the country\u2019s cities and small towns with the ephemera of electioneering.\n\nAs you look at the items in this exhibit, think about what they tell us about how Americans in the past felt about voting, and about how voting felt. How did Election Days feel when they were full of parades and music and public drinking? What was it like to vote when everyone around you knew who you voted for? And, most of all, who counted as a voter, and who did the counting?\n\nOn view September 11-December 22, weekdays from 12-4 pm.", "occurrence_notes":null, "guid":"152024-21912642@events.umich.edu", "permalink":"http:\/\/events.umich.edu\/event\/152024", "building_id":"1000159", "building_name":"William Clements Library", "campus_maps_id":"165", "room":"", "location_name":"William Clements Library", "has_livestream":0, "cost":"", "tags":["William L Clements","Tour","Library","libraries","In Person","history","Exhibition","Exhibit","Event","Americana","american history","american culture"], "website":"https:\/\/clements.umich.edu\/exhibit\/who-counts\/", "sponsors":[ { "group_name":"William L. 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