
XXII INTECO Workshop on Economic Integration (2025)
27-28 November, 2025
University of Valencia
Valencia – Spain
XXII Workshop on Economic Integration, organized by the INTECO joint research unit in Economic Integration, to be held at the University of Valencia on the 27th and 28th of November 2025.
KEYNOTE SPEAKER:
Alejandro Cuñat (University of Vienna)
ROUND TABLE: “A new international order? Challenges for the EU”
Javier Pérez (Bank of Spain)
David Martínez Turégano (CaixaBank Research)
Andreas Fuchs (University of Goettingen)
The workshop will consist of presenting on-going papers in the field of economic integration, both real (international trade) and financial (international finance). Participants will have 20 minutes to present their works, and then a discussant will open the general discussion by asking a couple of questions.

| DAY 1 | THURSDAY 27th NOVEMBER |
| 09:00-09:15 | OPENING SESSION |
| 09:15-10:30 | SESSION 1 | PhD Flash Session |
| EU migration determinants: a bayesian gravity approach Cecilio Tamarit (INTECO-UV), Mariam Camarero (INTECO-UJI), Iryna Viazmikina (INTECO-UJI) Presenter: Iryna Viazmikina Discussant: Celia Melguizo (University of Valencia) |
|
| The effect of multimarket contacts on competition in Mexican banking María del Carmen Dircio Palacios Macedo (University Jaume I), Fausto Hernández-Trillo (CIDE), Paula Cruz-García (University of Valencia), Emili Tortosa-Ausina (INTECO-UJI) Presenter: María del Carmen Dircio Palacios Macedo Discussant: Joan Martin (Univerity Jaume I ) |
|
| Regulatory barriers to service trade and service participation in manufacturing global value chains Ángel García-Jiménez (University of Valencia), Silviano Esteve-Pérez (INTECO-UV), Salvador Gil- Pareja (INTECO-UV) Presenter: Ángel García-Jiménez Discussant: Juan de Lucio (Universidad Alcalá de Henares) |
|
| Trade Policy Uncertainty and Trade Balance M. Camarero (Inteco-UJI), D. Furceri (IMF and University of Palermo), L. Pisano (University of Palermo) and C. Tamarit (Inteco-UV) Presenter: Loredana Pisano Discussant: Francisco Requena (INTECO-UV) |
|
| Beyond Efficiency: Quality of Government and Regional Productivity in the EU Marc Aliana Cervera (University Jaume I), Maria Teresa Balaguer-Coll (University Jaume I), Diego Prior (University Autónoma de Barcelona), Emili Tortosa-Ausina (INTECO-UV) Presenter: Marc Aliana Cervera Discussant: Joan Crespo (INTECO-UV) |
|
| 10:45-12:00 | SESSION 2 | International Economics Session |
| The Spanish regions in Global Value Chains: a new perspective based on new data Bojan Shimbov (University Jaume I), Celestino Suárez (University Jaume I) Presenter: Bojan Shimbov Discussant: Guadalupe Serrano Domingo (INTECO-UV) |
|
| Global value chain participation and economic growth in MENA: examining nonlinearities Insaf Guedidi (University of Tunis), Inmaculada Martínez-Zarzoso (INTECO-UJI) Presenter: Insaf Guedidi Discussant: Carolina Calatayud (University of Valencia) |
|
| On the Social Cost of Orbital Debris Anelí Bongers (University of Malaga), Jose L. Torres (University of Malaga) Presenter: Jose L. Torres Discussant: Emili Tortosa Ausina (INTECO-UJI) |
|
| 12:00-12:30 | COFFEE BREAK |
| 12:30-13:45 | SESSION 3 | Trade Session |
| A structural gravity analysis of the impact of terrorism on tourism Rafael Llorca (INTECO-UV) , Alejandra Martínez Martínez (University of Valencia) Presenter: Rafael Llorca Discussant: Sergi Moliner (INTECO-UV) |
|
| Trade restrictions as effective industrial policy? Evidence from Indonesia’s import licensing scheme Benedikt Heid (INTECO-UJI), Laura Marquez-Ramos (INTECO-UJI), Harry Wardana (University of Adelaide) Presenter: Benedikt Heid Discussant: Francisco Requena (INTECO-UV) |
|
| The Algerian embargo: how an unexpected market shutdown shapes future export behavior Asier minondo (University of Deusto), Juan de Lucio (University of Alcalá), Raúl Mínguez (Chamber of Commerce of Spain), Francisco Requena (INTECO-UV) Presenter: Asier minondo Discussant: Maria E. Rochina Barrachina (University of Valencia) |
|
| 13:45-15:30 | LUNCH | Faculty of Economics Bar |
| 15:30-17:15 | SESSION 4 | Migration Session |
| Gender, religion and networks: Labour market performance of migrants Joan Martin-Montaner (University Jaume I), Francisco Requena-Silvente (INTECO-UV), Guadalupe Serrano-Domingo (INTECO-UV) Presenter: Joan Martin-Montaner Discussant: Javier Ordoñez (INTECO-UJI) |
|
| Environmental regulation and FDI: mergers and acquisitions versus greenfield investment Juliette Milgram (University of Granada), Federico Carril‐Caccia (University of Granada), Ana Cuadros (University Jaume I) Presenter: Juliette Milgram Discussant: Jesús Peiro (INTECO-UV) |
|
| Between solidarity and concern: refugee inflow and crime perception David Zuchowski (University of Valencia) and Mateus Maciel (University of Tübingen) Presenter: David Zuchowski Discussant: Daniel Aparicio-Pérez (INTECO-UV) |
|
| How labour and trade agreements shape migration Jacopo Timini (Banco de España), Rodolfo G. Campos (Banco de España) Presenter: Jacopo Timini Discussant: Inmaculada Martínez Zarzoso (INTECO-UJI) |
|
| 17:30-19:00 | ROUND TABLE: A new international order? Challenges for the EU Moderator: Cecilio Tamarit (UV, INTECO) Javier Pérez, Bank of Spain. David Martínez, CaixaBank Research. Andreas Fuchs. University of Goettingen |
| 21:00 | DINNER | Suquet Valencia. La francesa del Carmen |
| DAY 2 | FRIDAY 28th NOVEMBER |
| 09:30-11:40 | SESSION 5 | Macroeconomics Session |
| Stock and sovereign returns linkages: time-varying causality and extreme-quantile determinants António Afonso (University of Lisbon), José Alves (University of Lisbon), Wojciech Grabowski (University of Lodz), Sofia Monteiro (University of Lisbon) Presenter: Jose Alves Discussant: Cecilio Tamarit Escalona (INTECO-UV) |
|
| Financial stress dynamics in European economies: a wavelet coherence analysis Andreas Tsopanakis (Cardiff University), Alexandros Tsioutsios (University of Athens) Presenter: Andreas Tsopanakis Discussant: Nicola Rubino (University of Valencia) |
|
| Lost in aggregation: behind the facade of eurozone business cycle comovement Krzysztof Beck (Lazarski University), Aikaterini Karadimitropoulou (University of Piraeus) Presenter: Aikaterini Karadimitropoulou Discussant: Jakob de Haan (University of Groningen) |
|
| Negative rates, demographics and fiscal policy: heterogeneous tilting taxation in the Euro Area Juan Sapena (INTECO-UCV), Mariam Camarero (INTECO-UV), Cecilio Tamarit (INTECO-UV) Presenter: Juan Sapena Discussant: Jan Van Hove (University of Leuven) |
|
| The impact of (un)conventional monetary policy on the sovereign-bank nexus in the euro area Peter Claeys (Comillas Pontifical University), Marta Gómez-Puig (University of Barcelona), Simón Sosvilla-Rivero (Complutense University) Presenter: Peter Claeys Discussant: Omar Blanco (University of Valencia) |
|
| 11:45-12:10 | COFFEE BREAK |
| 12:10-13:30 | KEYNOTE SPEAKER Alejandro Cuñat (University of Vienna) |
| 14:00 | LUNCH | Restaurante Casa Navarro |
|
DINNER 27th NOVEMBER 21:00h
Suquet la Francesa del Carmen Valencia
|
LUNCH 28th NOVEMBER 14:00h
Restaurante CASA NAVARRO
|

Hotel Eurostars Acteón Valencia
C/ Escultor Vicente Beltrán Grimal, 2, Valencia
- Reservations: https://www.eurostarshotels.com/eurostars-acteon.html
- How to get there? Google Maps
Hotel Reservation Procedure – Workshop Reimbursement Guidelines
- Each participant must make and pay for their own hotel reservation and ensure that the hotel issues an invoice in their name.
- The invoice should be sent to Alicia Moreno at Universitat Jaume I (Phone: +34 964 72 85 35, Email: olea@uji.es), with a copy to Cecilio Tamarit and Francisco Requena (Cecilio.Tamarit@uv.es, Francisco.Requena@uv.es). This is necessary to request reimbursement for the maximum amount allowed by the Generalitat, which is €65.90 per night.
This year, instead of one-night-only full rate, we can offer reimbursement for up to 2 hotel nights at the above-mentioned rate. According to the guidelines, eligible nights include the night before the workshop starts and the night it ends.
Reservations can be made using the promotional code UJI25 from October 8 until November 19. This code is valid for stays on the nights of November 26 to 28.
Room Rates:
- DUI/DBL: €78 (room only)
- DUI: €88 (bed and breakfast)
- DBL: €98 (bed and breakfast)
Please make your reservation through the hotel’s website:
https://www.eurostarshotels.com/eurostars-acteon.html
Entering the promotional code: UJI25 and selecting “Apply”
For further questions please contact to:
inteco@uji.es

Sessions:
SALÓN DE ACTOS: Biblioteca Gregory Maians
CAMPUS DELS TARONGERS, sn. 46022. Valencia
Cofee breaks:
Faculty of Economics. Bar.
How to get there?
- By BUS EMT: Lines nº 18,29,30,40,41,71
- Metro Tramvia: Line nº 4, stops “La Carrasca” i “Tarongers”
Dear colleagues:
We are pleased to announce the celebration of the XXII Workshop on Economic Integration, organized by the INTECO joint research unit in Economic Integration, to be held at the University of Valencia on the 27th and 28th of November 2025. In this edition, our invited keynote speaker will be Alejandro Cuñat (University of Vienna). In addition, we will also have a round-table on “A new international order? Challenges for the EU” with the participation of Javier Pérez, Director of the Monetary Policy and International Economy Department at the Bank of Spain, David Martínez Turégano from European Economy, CaixaBank Research and Andreas Fuchs from University of Goettingen.
Analogously to previous years, the workshop will consist of presenting on-going papers in the field of economic integration, both real (international trade) and financial (international finance). Participants will have 20 minutes to present their works, and then a discussant will open the general discussion by asking a couple of questions. There are no registration fees. Presenters/discussants of accepted papers will be covered one hotel night plus social meals.
There will be a special dedicated session to PhD students’ presentation. In case you are interested in the workshop, either presenting or discussing papers, please let us know by email to: inteco@uji.es before the 20th October.
IMPORTANT DATES:
a) 20th October 2025: expression of interest and submission of papers.
b) 10th November 2025: publication of the program
c) 27th and 28th November 2025: workshop
INTECO (Research Joint Unit on Economic Integration) from the University of Valencia and Jaume I (Castellón), Spain. Founded in 2001, INTECO aims to develop a research program on economic effects of real and financial integration.
Website: https://www.inteco.uji.es
SCIENTIFIC AND ORGANIZING COMMITTEE
- Mariam Camarero (UJI-Inteco)
- Sergi Moliner (UV-Inteco)
- Francisco Requena (UV-Inteco)
- Guadalupe Serrano (UV-Inteco)
- Cecilio Tamarit (UV-Inteco)
TOURISM INFORMATION ABOUT VALENCIA:


