Andrea Toto is a tenure-track Assistant Professor of Economic Policy at IUL University (Florence, Italy) and Assistant Professor (Lecturer) of Finance at the Faculty of Economic and Social Sciences of the Budapest University of Technology and Economics. His academic activity spans teaching, research, and international collaboration in the fields of political economy, economic policy, and finance.
His research is positioned at the intersection of institutional economics, law and economics, and macroeconomics. In particular, he investigates how the quality of legal institutions — especially the effectiveness of the rule of law and judicial enforcement — affects economic performance, with a specific focus on the macroeconomic implications of judicial inefficiency and impunity. His empirical work relies on advanced econometric techniques, quantitative methods, and data science tools, contributing to the literature on institutional determinants of growth and efficiency. He is the author of publications in international peer-reviewed journals and regularly presents his research at international conferences, where he has also served as session chair. A full list of his publications is available on his Google Scholar profile.
In his teaching activity, Andrea Toto delivers undergraduate, graduate, and doctoral-level courses in political economy, economic policy, finance, and advanced econometrics. His teaching has been recognized with an Encomium for Excellence in Teaching and Thesis Supervision awarded by the Budapest University of Technology and Economics in 2021. Over the years, he has accumulated extensive experience in supervising undergraduate and graduate theses, as well as in designing and coordinating academic courses across different institutional contexts.
He holds a joint (double) PhD in Economics and Business Administration (MBA track) from University Jaume I (Spain) and University G. d'Annunzio Chieti-Pescara (Italy). During his doctoral studies, he was a visiting PhD student at Christian-Albrechts-Universität zu Kiel and at University Jaume I, further strengthening his international academic exposure.
Prior to and alongside his current appointments, he held research and teaching positions at Free University of Bozen-Bolzano and at University G. d'Annunzio Chieti-Pescara, where he was involved in the Research Cluster in Financial Markets and Regulation and in the Department of Management and Business Administration. These experiences contributed to consolidating his interdisciplinary approach, combining economic policy, finance, and institutional analysis.
Before entering academia, Andrea Toto gained professional experience as an accountant and fiscal consultant for private firms in Italy, developing applied expertise in taxation and corporate financial management, which informs his applied perspective on economic policy and financial systems.
His academic profile is further complemented by strong technical expertise in advanced econometrics, data analysis, and quantitative research methodologies. He maintains an active presence in the international research community and collaborates with scholars across European institutions.
Articoli in rivista
Eboli, M. & Toto, A. (2026). Institutional inefficiencies in law enforcement and their effects on GDP: evidence from Italian provinces. R&R, Journal of Institutional Economics
Eboli, M., Ozel, B., Teglio, A., & Toto, A. (2023). Connectivity, centralisation and ‘robustness-yet-fragility’of interbank networks. Annals of Finance, 19(2), 169-200. DOI
Eboli, M., Toto, A., & Ziruolo, A. (2021). Mafia infiltrations in Italian municipalities: two statistical indicators. Applied Economics, 53(24), 2693-2712. DOI
Eboli, M., & Toto, A. (2019). The insurance value of trade credit. International Journal of Economics and Finance, 11(7), 1-87. DOI
Contributi in atti di convegno
Justice Delayed, Innovation Denied? Civil Dispositions and Regional Innovation in Italy, 2025, presented at the 7th International Conference on Decision Economics, Lille (France), June 25-27
IT Investments and Intellectual Capital in the FinTech Era: Evidence from Southeast Asian Banks (with Nguyen V.T. and Bethlendi A.), 2025, presented at the 50th EBES Conference Lisbon, Lisbon (Portugal), January 8-10
Regional Disparities and Economic Convergence in Italy: A Theoretical and Empirical Perspective (with Fabiani, L.), 2024, presented at the 6th International Conference on Decision Economics, Salamanca (Spain), June 26-28
The impact of European structural funds on economic growth: the Italian case (with Fabiani, L.), 2024, presented at the 6th International Conference on Decision Economics, Salamanca (Spain), June 26-28
Connectivity, centralisation and `robustness-yet-fragility’ of interbank networks (with Ozel, B., Eboli, and Teglio, A.), 2021, Proceedings of the IFABS 2021 Oxford Conference
The effects of connectivity and centralization of financial networks on their exposure to default contagion (with Ozel, B., Eboli, and Teglio, A.), 2019, Proceedings of the International Workshop on Network Models in Statistics, Economics and Social Sciences (NET), 2019, University Milano – Bicocca and of the WEHIA 2019, Workshop on Economic Science with Heterogeneous Interacting Agents, City, University of London, June 2019
Corso di laurea triennale
Insegnamento: Organizzazione industriale: teoria e regolamentazione
Ruolo: Docente
Anno Accademico: 2024/2025; 2025/2026
CFU: 9
Corso di laurea triennale
Insegnamento: Politica economica
Ruolo: Docente
Anno Accademico: 2024/2025; 2025/2026
CFU: 9