Yanyun Zhao, Hongyun Wang, Zhipeng Lu

【Abstract】

The eighteen fourth plenary session pointed out that “the socialist market economy is rule of law economy in nature”, which puts forward running the country in accordance with the law to further strengthen the development of market economy in our country depends on the scientific and effective process of rule of law. We define the maturity of rule of law economy according to the cutting-edge research literature. Then, we design the evaluation system of the maturity of rule of law economy and use the unobservable variable model of statistics to weave the national and regional indexes of the maturity of rule of law economy according to the competitive model. Based on the scientific indexes system we do empirical analysis about the maturity of rule of law economy of the main countries and regions around the world. To do the empirical study, we calculate the indexes of the maturity of rule of law economy according to the data from World Competitiveness Yearbook published by Lausanne International Institute for Management Development（IMD）in Switzerland and we compare the maturity of rule of law economy about the world’s major countries and regions. At the same time, we give a special analysis about the situation of rule of law economy in China.

【Keywords】

rule of law economy, competitive power, evaluation system, empirical study