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Lines of Research

Remittances

Methods for estimating new series of remittance inflows. Implications of these new series on the balance of payments of the emigrants’ country of origin.

Migration

The economics of migratory flows. Causes and consequences mainly applied to the Spanish case of the late 19th century and 20th century.

Contrasts in regional growth

I combine research on remittances and migration at a provincial or local level. My analysis focuses on the Spanish case, but results that can be exported to other economies and contexts.

Land tenure systems

Analysis of the implications of different land tenure systems, such as smallholdings or large estates, like efficiency and growth.

Publications

Peer-reviewed journal articles

2026

Between development and control: State-sponsored emigration under Francoist rule

ABSTRACT

This paper examines assisted emigration policies under Francoist rule (1939–1975) and assesses the extent to which emigration served regime survival. Using provincial-level data between 1964 and 1976, we investigate whether the Spanish Emigration Institute (IEE), created in 1956, employed emigration as a safety valve for unemployment and political dissent. Our findings suggest that, contrary to expectations, assisted emigration was not systematically directed towards provinces with higher unemployment or lower educational attainment. Instead, population density emerges as the main predictor of assisted outflows, while politically contentious provinces experienced lower rates of state-sponsored emigration. This pattern reflects the regime’s efforts to prevent “ideological contamination” abroad. Our analysis underscores the regime’s dual dilemmas: while aiming to export surplus labour and secure foreign exchange through remittances, Francoist authorities simultaneously sought to limit the spread of oppositional ideas among workers in European destinations. The existence of multiple tolerated exit routes, combined with strong demand from receiving countries, undermined the regime’s ability to monopolise all emigrant flows. As a result, the political safety valve, while operative at origin, shifted to destination countries, where the regime relied on surveillance and propaganda to control assisted emigrants. By highlighting these dynamics, the paper contributes to the literature on migration under authoritarianism, showing how limited administrative capacity and international constraints shaped emigration policy in Francoist Spain.

 

CITATION

Laura Maravall, Covadonga Meseguer, Ángel Muñiz, Between development and control: State-sponsored emigration under Francoist rule, Migration Studies, Volume 14, Issue 2, June 2026, mnag022, https://doi.org/10.1093/migration/mnag022

with Covadonga Meseguer and Laura Maravall

Migration Studies

2026

Spanish Emigrant Remittances and their Impact on Public Finances, 1870-1936

ABSTRACT

This paper examines the impact of remittances from Spanish emigrants in the Americas on Spain’s public finances between 1870 and 1936. Using a newly reconstructed remittance series, it analyses whether these inflows contributed to tax revenue and public expenditure in real terms. A Vector Error Correction Model is employed to assess both short- and long-term effects on fiscal variables, distinguishing between direct and indirect taxation. The findings suggest that remittances bolstered direct tax revenues, particularly through wealth accumulation and investment. At the same time, their impact on the purchasing power of indirect taxation was limited due to Spain’s underdeveloped fiscal system and informal economy. Additionally, evidence of a short-term crowding-out effect on public spending is found, aligning with recent literature on remittances substituting for state intervention. These insights contribute to broader discussions on the historical role of remittances in state capacity and fiscal development.

 

CITATION

Muniz-Mejuto, Angel. 2026. “Spanish Emigrant Remittances and Their Impact on Public Finances, 1870-1936”. Revista De Historia Industrial — Industrial History Review 35 (96):63-100. https://doi.org/10.1344/rhi-ihr.48083

Revista de Historia Industrial – Industrial History Review

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2017

Cultural adaptation of ERASMUS students in Latvia and host university responsibility

ABSTRACT

Internationalisation of education and student mobility (incoming and outgoing) has become a significant factor in the sphere of higher education. These processes lead to interaction between local students and exchange students, as well as between exchange students and host universities. Being in the foreign country for a certain period (one or two semesters) requires some cultural and social adaptation that could or could not be problematic for various reasons. In order to maximise benefits for the exchange students and host universities, it is important to identify existing problems and to offer possible solutions. The aim of the current paper is to research the critical aspects of cultural adaptation process of ERASMUS students in Latvia. The international group that consists of a professor of the University College of Economics and Culture and three exchange students from Italy and Spain carried out the research. The empirical methods used were the following: a survey of ERASMUS students (non-probability purposive sampling) and semi-structured interviews with the host university ERASMUS coordinators. The data processing methods were the descriptive statistics as well as the thematic content analysis. On the basis of critical issues identified during the research process, the authors worked a set of practical solutions aimed at the host institutions.

CITATION

Vevere, V., Resentini, C., García, M. and Muñiz, A. (2017). Cultural adaptation of ERASMUS students in Latvia and host university responsibility, Journal of Economics and Culture, 14(2): 44-54. https://doi.org/10.1515/jec-2017-0017

with Velga Vevere, Consuelo Resentini, and Marcos García

Economics and Culture

Book chapters

2025

Memes-Based Learning: A Pilot Experience in Microeconomics

ABSTRACT

This chapter presents a small teaching experiment in a first-year Microeconomics course with high failure rates and low motivation. To make theory feel less distant, we introduced the “Microeconomics Memes Championship”, where students on an English-taught Business Administration degree created original memes to explain core ideas from consumer theory, firm theory, and competitive markets. Students were asked to turn diagrams and definitions into pictures and captions their classmates would instantly recognise; translating standard microeconomics into the language of everyday digital culture. The evaluation combines exam data with a short perception survey. Using a simple OLS model of the standardised final exam score, and controlling for group, number of sittings and prior marks, results show that the students who completed all stages of the activity scored around 0.75–1.28 standard deviations above their peers. They were not always the “strongest” students on paper; several had weaker mathematical profiles. Survey responses suggest that participants felt the activity helped them understand, remember and revise the material, and clearly supported repeating it. The chapter argues that meme-based tasks can offer a low-cost, low-barrier way to reduce anxiety and foster deeper engagement with Microeconomics.

CITATION

Muniz-Mejuto, A. & Garrido, C. (2025). Memes-Based Learning: A Pilot Experiment in Microeconomics, in J. Camacho, A. Levi & F. Soto (Eds.), Formación superior transformadora: 6 pilares para potenciar la empleabilidad y competencias profesionales. Marcial Pons, Ediciones Jurídicas y Sociales, S.A. ISBN: 979-13-87913-48-9

with Carmen Garrido

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Working Papers

R&R

La Política Migratoria de Trump en 2025: Nativismo y Control Fronterizo

ABSTRACT

Este artículo analiza el papel del nativismo, las migraciones y la gobernanza fronteriza durante la Administración de Donald Trump en 2025, en un contexto de alta polarización. Mediante un enfoque metodológico mixto (análisis cualitativo de discursos y políticas, y cuantitativo de datos migratorios), se evalúa cómo la retórica política se materializa en políticas concretas. Los resultados evidencian un discurso nativista centrado en la disuasión y la securitización para consolidar políticas restrictivas, priorizando la seguridad nacional por encima de los criterios humanitarios. El Servicio de Inmigración y Control de Aduanas (ICE) actúa como eje coercitivo interno, lo que genera tensiones estructurales respecto de los derechos humanos. Asimismo, el análisis de los flujos migratorios (2016-2025) revela que estas medidas han fomentado la diversificación de rutas y el aumento de cruces irregulares. El estudio también evalúa el impacto sociopolítico y normativo de las 225 órdenes ejecutivas firmadas en 2025 en la cohesión social, la legitimidad institucional y las relaciones internacionales de EE. UU. La complejidad del fenómeno migratorio exige marcos analíticos multidimensionales que equilibren la seguridad nacional con la protección de los derechos humanos mediante la cooperación transnacional, mitigando así los efectos sistémicos y las tensiones en la política estadounidense.

CITATION

forthcoming

with José Manuel Corrales Aznar

Revise and Resubmit at Revista Latina de Comunicación Social

preprint

Decentralised Currency Hedging: Transatlantic Remittances and the Spanish Peseta, 1870–1936

ABSTRACT

Between 1870 and 1936, the Spanish transatlantic diaspora remitted substantial capital to their home country. However, how these decentralised networks navigated severe macroeconomic instability without formal state intervention remains a puzzle. This paper compares Constant and Dynamic Conditional Correlation specifications to evaluate transatlantic financial integration. The empirical results reveal significant volatility clustering and a positive, statistically significant conditional correlation between remittance growth and real exchange rate shocks. While the annual data frequency favours the more parsimonious constant model, the stability of this correlation across specifications is consistent with structural currency-hedging behaviour. Conversely, results reveal no conditional correlation with isolated domestic inflation or nominal exchange rate fluctuations. Additionally, a rolling volatility analysis demonstrates a structural shift in the network’s resilience after 1900, in line with the idea that technological maturity enabled migrants to process and dissipate shocks more efficiently than in the nineteenth century. Findings align with the view that migrants did not act as simple currency speculators, but rather successfully synthesised qualitative domestic price reports with international financial data to target the real exchange rate. In the absence of formal state insurance, migrant networks operated as an integrated macroeconomic hedge, systematically adjusting their transfers to shield domestic households from the devaluation of the peseta.

 

CITATION

Muñiz-Mejuto, Ángel, Decentralised Currency Hedging: Transatlantic Remittances and the Spanish Peseta, 1870-1936 (April 26, 2026). Available at SSRN: https://ssrn.com/abstract=6662778 or http://dx.doi.org/10.2139/ssrn.6662778

 

Available at SSRN, click here

Work in Progress

How Does Land Privatisation Affect Migration? Evidence from Galicia During the Age of Mass Migration

Check out the poster displayed at the WEHC 2025
Can’t see the PDF? Download it here
Enhancing Student Motivation through Spontaneous Incentives in Undergraduate Economics

Presentations

Workshop on the Economic History of the Mediterranean

YSI & Figuerola Institute UC3M

2026

EHS Annual Conference

Economic History Society

Shortlisted for the 2025 New Researcher Poster Prize. See the poster here.

2026    2025

Agricliometrics

University of Alacalá de Henares

2026

Congreso de la Sociedad de Estudios de Historia Agraria 

Sociedad de Estudios de Historia Agraria (SEHA)

2026

World Economic History Congress

International Economic History Association, Lund (Sweden)

2025

UB-UC3M-UV Inter-University PhD Workshop in Economic History

Department of Economic Analysis, University of Valencia (Spain)

2025

International Conference on Iberian Cliometrics

Department of Economics and Economic History, Economic History Unit, University of Seville (Spain)

2025

Workshop on Money as A Value System

Banque de France

2025 

SSESH Annual Meeting

Scandinavian Society for Economic and Social History. BI-campus Oslo (Norway)

2024

EHS PhD Thesis Workshop

Economic History Society. Online

2024

The Connected World: New Perspectives in Global Economic History

Revista de Historia Industrial-Industrial History Review (RHI-IHR). The Dana Centre, Science Museum, London (UK)

2024

Galician Diaspora Christmas Meeting on Economic Theory and Applications

Universidade de Vigo. Vigo Campus (Spain)

2024    2023

UC3M Economic History Annual Ph.D. Workshop

Universidad Carlos III de Madrid. Getafe Campus (Spain)

2024    2022    2021