A1 primary: Y1 ~ P + FE & P\_main\_z & 0.196$^{***}$ & 0.056 & 127 \\
A2: Y1 ~ P + X + FE & P\_main\_z & 0.204$^{**}$ & 0.085 & 87 \\
A3: Y1 ~ P + D + K + X + FE (P given components) & P\_main\_z & 0.204$^{**}$ & 0.083 & 87 \\
B1 baseline D only & D\_pc1\_z & 0.257$^{*}$ & 0.138 & 94 \\
B2 baseline K only & K\_mean\_z & -0.034 & 0.195 & 93 \\
B3 baseline complexity PC1 & complexity\_pc1\_z & -0.010 & 0.240 & 100 \\
B4 baseline persistence & prior\_crisis\_nga & 0.345 & 0.242 & 100 \\
B5 D and K separately & D\_pc1\_z & 0.341$^{**}$ & 0.164 & 87 \\
B5 D and K separately & K\_mean\_z & -0.213 & 0.193 & 87 \\
Placebo: P built with production infrastructure instead of K & P\_placebo & 0.257$^{*}$ & 0.138 & 94 \\
A1b: Y1b ~ P + region FE (logit, HC1; era FE dropped: separation) & P\_main\_z & -0.178 & 0.203 & 123 \\
A2b: Y1b ~ P + X + region FE (logit, HC1) & P\_main\_z & 0.184 & 0.324 & 86 \\
A3b: Y1b ~ P (logit, HC1, no FE) & P\_main\_z & -0.068 & 0.180 & 123 \\
Exploratory: reform consequences ~ P + X + FE & P\_main\_z & -0.015 & 0.181 & 86 \\