Rule of law. The data for China, Hungary, Poland were again provided by Lopez-de-Silanes. Table 1 in LLSV (1998) describes this variable as follows.
Assessment of the law and order tradition in the country produced by the country-risk rating agency International Country Risk (ICR).
Average of the months of April and October of the monthly index between 1982 and 1995.
Scale from 0 to 10, with lower scores for less tradition for law and order. (We [LLSV] changed the scale from its original range going from 0 to 6.)