“…Since its introduction, the SCM has seen a range of applications in economics, political science, and international relations. 10 In the words of Athey and Imbens 10 Examples of such applications include openness and trade liberalization policies (Nannicini and Billmeier, 2011;Billmeier and Nannicini, 2013;Ritzel and Kohler, 2017), impact of trade agreements (Hosny, 2012;Hannan, 2016Hannan, , 2017Aytuğ et al, 2017), impact of joining a currency union (Saia, 2017;Puzzello and Gomis-Porqueras, 2018), economic regimes/political stability (Matta et al, 2019;Jales et al, 2018;Grier and Maynard, 2016;Meyersson, 2017), natural disasters (Coffman and Noy, 2012;Cavallo et al, 2013;Mideksa, 2013;Barone and Mocetti, 2014;Mohan, 2017), terrorism, civil wars, crime, and political risks (Montalvo, 2011;Pinotti, 2015;Singhal and Nilakantan, 2016;Bilgel and Karahasan, 2017;Bove et al, 2017;Costalli et al, 2017;Bove and Elia, 2018), health economics (Bilgel and Galle, 2015;Kreif et al, 2016), economic sanctions (Gharehgozli, 2017), migration (Powell et al, 2017), and natural resource discoveries (Smith, 2015). (2017, p. 9), the synthetic control approach is "arguably the most important innovation in the policy evaluation literature in the last 15 years.…”