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Leopoldo Fergusson
Leopoldo Fergusson is an Assistant Professor of Economics at Universidad de los Andes, in Bogotá, Colombia. His research interests are political economy, development economics, and economic history. Among other topics, he has studied the political economy of the determination of property rights institutions in rural areas, the role of mass media in countering the influence of special interest groups, the unintended negative consequences of media exposure of corrupt politicians in weakly institutionalised societies, the political incentives of sustaining internal armed conflict, and the implications of democratisation for violent conflict.
Fergusson holds a B.A. and M.A. from Universidad de los Andes, and a Ph.D.
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Why do insecure rural property rights persist?
Poorly specified and weakly enforced property rights over land may reduce productivity in the agricultural sector. This column examines why strong private property rights are not adopted more widely, and offers a theory of the determination of rural property rights institutions.
