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A Theory of the External Value of the Land

SHAN Sheng-dao, WU Ci-fang ( School of Management, Zhejiang University, Hangzhou 310029, China; College of South-East Land Management, Zhejiang University, Hangzhou 310029, China)  
The main achievement of the paper is the theory of external land value. The theory of external economics in the Westem Economics is the fundation of this theory. This paper researches into the constitution of the theoretical income value and the external land value, the connotation of external prices and the principle of solving the problem. The theory of external land value is beneficial to rationally distributing the resources, deepening the reform on the system of land property right in China. This theory also explains the cause of market failures and provides a theoretical basis for solving the problem caused by external land value. It further makes valuable exploration for improving the accounting system of national economy and the sustainable dvelopment of forestry.
【CateGory Index】: F301
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