ECONOMIC VALUATION OF NATURAL RESOURCES AS A TOOL FOR MANAGING OF SUSTAINABLE DEVELOPMENT IN RURAL AREAS
ECONOMIC VALUATION OF NATURAL RESOURCES AS A TOOL FOR MANAGING OF SUSTAINABLE DEVELOPMENT IN RURAL AREAS

Summary/Abstract: In this paper the authors describe the steps of building of a new automated complex land evaluation system based on the D-e-Meter land quality index. This model combines the physical and economic evaluation. Complex evaluation means an organic systematization of ecological and economic factors. The ecological evaluation signifies the elaboration of the D-e-Meter point system, while the economic evaluation systematizes the effects of economic factors in conformity with structure of D-e-Meter system. The main point of automated land evaluation is that the elaborated system reads off the values of factors influencing land values (i.e. the quantified values of influencing factors) from the digital soil maps by site numbers (evaluation units), and then the system computes the complex land return values or rather the complex land prices in Euros per hectare according to a given computation algorithm. The so computed, estimated land value indicates the social values of land estates on the basis of their rent-production ability. These values can differ from land-estate prices formed on land market, nevertheless they are decidedly adequate to replace the Hungarian current system of land valuation, Gold-crown System and to solve whole series of objectives connected with land evaluation. The new land evaluation system is useful for estimating the realistic land value, but also helps to manage the land use on sustainable way.

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