Research

Research Themes

Main Research interests: Public Economics,  Regional and Urban Economics

Currently working on (December 2023):  Economic impact of Earth Observation; Decentralization and public funds

Published papers by subject (being updated!)

Public Enterprises

P. Castelnovo, C.F. Del Bo & M. Florio, “Quality of institutions and productivity of State-Invested Enterprises: International evidence from major telecom companies”, European Journal of Political Economy, 58: 102-117 

Governments in the Market for Corporate Control: Evidence from M&A Deals involving State-Owned Enterprises”, with M. Ferrari and M. Florio, Journal of Comparative Economics, forthcoming

"Institutions and firms’ productivity: evidence from electricity distribution in the EU", with E. Borghi and M. Florio, Oxford Bulletin of Economics and Statistics


S. Clò, C.F. Del Bo, M. Ferraris, C. Fiorio, M. Florio & D. Vandone, “Public enterprises in the market for corporate control: Recent worldwide evidence”, Annals of Public and Cooperative Economics, 86(4): 559-583

"FDI spillovers at different levels of spatial and industrial disaggregation: evidence from the electricity sector", Energy Policy, 61: 1490-1502, 2013.

"Productivity in electricity generation: the role of firm ownership and regional institutional quality", International Review of Applied Economics, 27(2): 237-264, 2013.

"Public enterprises, policy adoption and planning: three welfare propositions", with M.Florio, Journal of Economic Policy Reform, 15(4): 263-279, 2012.

Decentralization and subnational autonomy

C.F. Del Bo, “Institutional quality and COVID-19 vaccination: does decentralization matter?”, Letters in Spatial and Resource Sciences, 16, 6 

C.F. Del Bo, “The role of subnational autonomy in the COVID-19 pandemic”, Economics Bulletin, 4(41), pp. 2188-2205. 

"Fiscal autonomy and EUFunds: the case of the Italian regional income tax system",  Public Finance Review

"Additionality and Regional Public Funds: Evidence fron Italy", with E. Sirtori, 2016 Environment and Planning C: Government and Policy

Cost benefit analysis

A. Bastianin , C.F. Del Bo, M. Florio & F. Giffoni, “Projecting the socio-economic impact of a big science center: the world’s largest particle accelerator at CERN”, Applied Economics, 55(49): 5768-5789 

A. Bastianin & C.F. Del Bo, “Procurement in Big Science Centres: Politics or Technology? The case of CERN”, Industrial and Corporate Change, 30(3): 740-761 

"The rate of return to investment in R&D: the case of Research Infrastructures", 2016, Technological Forecasting and Social Change, 112:  26-37


C.F. Del Bo, M. Florio & S. Forte, “The social impact of research infrastructures at the frontier of science and technology: The case of particle accelerators: Editorial introduction” Technological Forecasting and Social Change, 112: 1-3 

Shadow wages for the EU regions”, with C.V. Fiorio and M. Florio, Fiscal Studies, vol. 32(1): 109-143, 2011.

"Cost–Benefit Analysis and the Rates of Return of Infrastructure Projects: Evidence from International Organizations",  with M. Florio, Transition Studies Review, vol. 17(3): 587-618, 2010.

Public capital and growth

"Infrastructure and growth in a spatial framework: evidence from the EU regions", with M. Florio, European Planning Studies, 20(8): 1393-1414, 2012.

"On the interaction between public and private capital in economic growth", with A. Bucci, Journal of Economics, vol. 106(2), 133-152, 2012.

"Regional Infrastructure and Convergence: Growth Implications in a Spatial Framework",  with G. Manzi and M. Florio, Transition Studies Review, vol. 17(3): 475-493, 2010.

Recent advances in public investment, fiscal policy and growth”, in Florio M (ed) Public investment, growth and fiscal constraints: challenges for the EU new member states. Edward Elgar Publishing, pp. 25-48.

Regional and urban economics


Smart Cities in Europe” revisited: A meta-analysis of Smart City impacts”, with A. Caragliu, & P. Nijkamp, Journal of Urban Technology, 30(4): 51-69, 2023

Smart cities and the urban digital divide”, with A. Caragliu, Nature Npj Urban Sustainability, 3: 43, 2023

Smart Cities and urban inequality”, with A. Caragliu, Regional Studies, 56(7), 1097-1112, 2022

Smart innovative cities: The impact of Smart City policies on urban innovation”, with A. Caragliu, Technological Forecasting and Social Change,142: 373-383, 2019 


C.F. Del Bo & A. Caragliu, “Smart Cities: is it just a fad? Editorial introduction”, Scienze Regionali, 1: 7-14

C.F. Del Bo & A. Caragliu, “The Economics of Smart City Policies”,  Scienze Regionali, 1: 81:104

C.F. Del Bo & A. Caragliu, “Much ado about something: an appraisal of European Smart policies”, Tijdschrift voor economische en sociale geografie, 109(1): 129-143 

"Do smart cities invest in smarter policies? Learning from the past,planning for the future", with A. Caragliu, 2016, Social Science Computer Review, 34(6): 657-672

"The winner takes it all: forward-looking cities and urbanin novation", with A Caragliu, K Kourtit and P Nijkamp, 2016, The Annals of Regional Science, 56(3): 617-645

"Smart Specialization Strategies and Smart Cities: an evidence-based assessment of EU policies", with A. Caragliu, (May 2013). UNIMI -  Research Papers in Economics, Business and Statistics. Economics. Working Paper 52.

"Impacts of Multi-Level Spatial Capital Resources on Business Performance”, joint with Andrea Caragliu, Karima Kourtit, and Peter Nijkamp, in Applied Regional Growth and Innovation Models (Kourtit, K., Nijkamp P. and Smitson, R. eds) Berlin: Springer-Verlag.

"Spatial contextual impacts on business Performance of Dutch firms”, joint with Andrea Caragliu, Karima Kourtit, and Peter Nijkamp, Regional Statistics - Journal of the Hungarian Central Statistical Office, 52 (2): 13-26, 2012.

"Smartness and European urban performance: assessing the local impacts of smart city attribute", joint with A. Caragliu, Innovation: The European Journal of Social Science Research, vol. 25(2): 97-113, 2012.

"A map of human capital in European cities", joint with A. Caragliu and P. Nijkamp, in M. van Geenhuizen and P. Nijkamp (eds), Creative Knowledge Cities, Edward Elgar, 2012

"Comparative performance assessment of Smart Cities around the North Sea basin", joint with A. Caragliu, K. Kourtit and P. Kijkamp, Network Industries Quarterly, vol 13(3): 15-17, 2011

"Determinants of spatial knowledge spillovers in Italian provinces", with A. Caragliu, Socio-Economic Planning Sciences, vol. 45(1): 28-37, 2011.

"Smart cities in Europe", with A. Caragliu and P. Nijkamp, Journal of Urban Technology, vol. 18(2), 2011.

"Industrial Clusters and Innovation: An Evaluation and Implications for Economic Cohesion", with E. Borghi and M. Florio, Revista Galega de Economia, vo.l 19(extraord. Number): 111-130, 2010.

Other Topics

"Cultural determinants of migration", with A. Caragliu, H. de Groot, G.J. Linders, The Annals of Regional Science

"Aspetti delle Joint Venture di Ricerca: Applicazione all’industria dei semiconduttori”, Economia e Politica Industriale, 125, 2005.

Other papers:

"Foreign and spatial spillovers in the European electricity sector" Symphonya. Emerging Issues in Management. n°1, 2014.

"Foreign ownership, institutions and productivity",  with E. Borghi (presented at ETSG 2010)

"Foreign Direct Investment and Host Country Instability: The Interaction Between Exchange Rate Volatility and Political Risk" (an earlier version presented at ETSG 2009).