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\begin{document}
	
\begin{table}[htbp]\centering
	\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
	\caption{Table 2. LP-OLS Estimates}
	\begin{tabular}{lcccccc}
		\input{table2.tex}
	\end{tabular}
\end{table}


\begin{table}[htbp]\centering
	\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
	\caption{Table 3. Unconditional Impacts of Electricity Market Reforms: LP-AIPW Estimates}
	\begin{tabular}{lcccccc}
		\input{table3.tex}
	\end{tabular}
\end{table}

\begin{table}[htbp]\centering
	\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
	\caption{Table 4. Alternative Propensity Score Estimation Method: Entropy balancing}
	\begin{tabular}{lcccccc}
		\input{table4.tex}
	\end{tabular}
\end{table}

\begin{table}[htbp]\centering
	\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
	\caption{Table 5. Conditional Impacts of Electricity Market Reforms: The Role of Public--Private Partnerships}
	\begin{tabular}{lcccccc}
		\input{table5.tex}
	\end{tabular}
\end{table}


\begin{table}[htbp]\centering \caption{Table A1. Summary statistics \label{sumstat}}
	\begin{tabular}{l c c c c c}\hline\hline
		\multicolumn{1}{c}{\textbf{Variable}} & \textbf{Mean}
		& \textbf{Std. Dev.}& \textbf{Min.} &  \textbf{Max.} & \textbf{N}\\ \hline
		Renewable electricity share of total electricity output (\%) & 3.049 & 1.718 & -2.474 & 4.605 & 450\\
		Renewable energy consumption (\% of total final energy consumption) & 3.648 & 1.412 & -2.679 & 4.577 & 441\\
		Human capital index, see note hc & 1.693 & 0.383 & 1.03 & 2.676 & 441\\
		Trade (\% of GDP) & 57.733 & 18.878 & 23.059 & 116.048 & 427\\
		Inflation, average consumer prices & 9.419 & 15.391 & -72.729 & 156.964 & 450\\
		Foreign direct investment, net inflows (\% of GDP) & 2.313 & 3.544 & -1.012 & 39.456 & 440\\
		Age dependency ratio (\% of working-age pop.) & 83.183 & 15.639 & 44.44 & 108.223 & 441\\
		IMF program active for 5 or more months & 0.522 & 0.5 & 0 & 1 & 450\\
		Legislative or executive election & 0.253 & 0.435 & 0 & 1 & 450\\
		FD: Financial development index & 0.152 & 0.095 & 0.035 & 0.534 & 425\\
		Total natural resources rents (\% of GDP) & 9.324 & 6.909 & 0.195 & 36.141 & 449\\
		GDP growth (annual \%) & 4.12 & 4.111 & -17.669 & 19.675 & 441\\
		Years Left in Current Term & 2.185 & 1.609 & 0 & 6 & 389\\
		Logarithm of population & 17.036 & 0.715 & 15.834 & 18.988 & 441\\
		ICRG Indicator of Quality of Government & 0.45 & 0.112 & 0.194 & 0.806 & 441\\
		\hline
	\end{tabular}
\end{table}

% Table generated by Excel2LaTeX from sheet 'Feuil4'
\begin{table}[htbp]
	\centering
	\caption{Table A2. Multicollinearity check: Variance Inflation Factor (VIF)\label{tab:vif}}
		\begin{tabular}{lcc}
			\toprule
			Variables & VIF   & 1/VIF \\
			\midrule
			\midrule
			Lag 1 Age dependency ratio (\% of working-age pop.) & 3.89  & 0.256765 \\
			Lag 1 Population, total (in log) & 3.31  & 0.302198 \\
			Lag 1 Financial development index & 3.09  & 0.323558 \\
			Lag 1 Human capital index & 2.55  & 0.392830 \\
			Lag 1 Trade (\% of GDP) & 2.33  & 0.429919 \\
			Lag 1 Total natural resources rents (\% of GDP) & 1.67  & 0.600071 \\
			Lag 1 IMF program active for 5 or more months & 1.51  & 0.662463 \\
			Lag 1 ICRG Indicator of Quality of Government  & 1.47  & 0.678778 \\
			Lag 1 Foreign direct investment, net inflows (\% of GDP) & 1.37  & 0.730213 \\
			Lag 1 Years left in current term & 1.37  & 0.732228 \\
			Lag 1 Any election & 1.32  & 0.759064 \\
			Lag 1 Inflation  average consumer prices & 1.31  & 0.763935 \\
			Lag 1 GDP growth (annual \%)  & 1.19  & 0.837521 \\
			\midrule
			Mean VIF & 2.03  &  \\
			\bottomrule
		\end{tabular}%
\end{table}

\begin{table}[htbp]\centering
	\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
	\caption{Table A3. Marginal effects of predictors on electricity market reform episodes}
	\resizebox{.7\textwidth}{!}{
	\begin{tabular}{lcccccc}
		\input{tableA3.tex}
	\end{tabular}
}
\end{table}



% Table generated by Excel2LaTeX from sheet 'Feuil4'
\begin{table}[htbp]
	\centering
	\caption{Table A4. Covariates balance\label{tab:balance}}
	\begin{tabular}{lccccc}
		\toprule
		Covariables & Controls & Treated & Mean diff-before & p-value-before & p-value-after \\
		\midrule
		\midrule
		Lag 1 Human capital index & 1.660 & 1.701 & -0.041 & 0.563 & 0.371 \\
		Lag 1 Trade (\% of GDP) & 57.195 & 54.841 & 2.354 & 0.529 & 0.790 \\
		Lag 1 Inflation  average consumer prices & 10.379 & 8.448 & 1.931 & 0.553 & 0.910 \\
		Lag 1 Foreign direct investment, net inflows (\% of GDP) & 2.182 & 1.548 & 0.634 & 0.265 & 0.875 \\
		Lag 1 Age dependency ratio (\% of working-age pop.) & 83.651 & 84.697 & -1.046 & 0.729 & 0.582 \\
		Lag 1 IMF program active for 5 or more months & 0.524 & 0.621 & -0.097 & 0.313 & 0.703 \\
		Lag 1 Any election & 0.253 & 0.241 & 0.012 & 0.889 & 0.922 \\
		Lag 1 Financial development index & 0.151 & 0.134 & 0.017 & 0.348 & 0.880 \\
		Lag 1 Total natural resources rents (\% of GDP) & 9.334 & 10.426 & -1.092 & 0.422 & 0.892 \\
		Lag 1 GDP growth (annual \%)  & 4.029 & 3.968 & 0.061 & 0.940 & 0.832 \\
		Lag 1 Years left in current term & 2.218 & 1.963 & 0.255 & 0.426 & 0.946 \\
		Lag 1 ICRG Indicator of Quality of Government & 0.455 & 0.474 & -0.019 & 0.395 & 0.957 \\
		Lag 1 Population, total (in log) & 17.012 & 16.987 & 0.025 & 0.858 & 0.402 \\
		\bottomrule
	\end{tabular}%
	\label{tab:addlabel}%
\end{table}%



\begin{table}[htbp]\centering
	\def\sym#1{\ifmmode^{#1}\else\(^{#1}\)\fi}
	\caption{Table A5. Accounting for Rare Event Bias}
		\begin{tabular}{lcccccc}
			\input{tableA5.tex}
		\end{tabular}
\end{table}

\newpage

\begin{figure}[H]\centering
\caption{Figure 1. Average electricity market liberalization by sub-indices, 1990-2014}
    \includegraphics{figure1.pdf}
\end{figure}

\begin{figure}[H]\centering
\caption{Figure 2. Average electricity market liberalization by country, 1990-2014}
    \includegraphics{figure2.pdf}
\end{figure}

\begin{figure}[H]\centering
\caption{Figure 3. Number of Public-private partnerships (PPPs) projects and reform episodes by year and country}
    \includegraphics{figure3.pdf}
\end{figure}

\begin{figure}[H]\centering
\caption{Figure 4. ROC curves for predicting reforms episodes}
    \includegraphics[width=\textwidth]{figure4.pdf}
\end{figure}


\begin{figure}[H]\centering
	\caption{Figure A1. LP-OLS estimation}
	\includegraphics[width=\textwidth]{figureA1.pdf}
\end{figure}

\begin{figure}[H]\centering
	\caption{Figure A2. Unconditional Impacts of Electricity Market Reform: LP-AIPW}
	\includegraphics[width=\textwidth]{figureA2.pdf}
\end{figure}

\begin{figure}[H]\centering
	\caption{Figure A3. Alternative method to estimate the propensity score: entropy balancing}
	\includegraphics[width=\textwidth]{figureA2.pdf}
\end{figure}

\begin{figure}[H]\centering
	\caption{Figure A4. Accounting for rare event bias}
	\includegraphics[width=\textwidth]{figureA4.pdf}
\end{figure}


\begin{figure}[H]\centering
	\caption{Figure A5. Sensitivity analysis with sequential country exclusion}
	\includegraphics[width=\textwidth]{figureA5.pdf}
\end{figure}

\begin{figure}[H]\centering
	\caption{Figure A6. Conditional Impacts of Electricity Market Reform: The Role of PPPs}
	\includegraphics[width=\textwidth]{figureA6.pdf}
\end{figure}

\end{document}
