Alejandro Torres G. teaches in the Economy Program and is a member of the "Economic Growth and Development" research team of the Universidad Católica Popular de Risaralda (ucpr, as per the Spanish acronym). Remberto Rhenals M. teaches in the Economics Department of the Universidad de Antioquia and is a member of the Applied Macroeconomics Group of the Research and Consultancy Center (cic, as per the Spanish acronym). Wilman Gomez teaches in the Economics Department of the Universidad de Antioquia, is a member of the Applied Macroeconomics Group of the Research and Consultancy Center (cic, as per the Spanish acronym), and a student in the Doctoral Economic School of the Universidad del Rosario.