Environmental Science
4 years ago

New land valuation system revolutionizes economic districts, boosting agricultural income.

New Land Valuation System for an Economy without a Land Market
A. Sipos

Paper Summary

A new land valuation system was developed to value land based on ecological and economic factors. The system separates natural factors like soil quality and climate, and economic factors like income from land. By considering both aspects, the new system can better explain differences in land rents compared to old systems.

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