Why link important for search engines?
So, the more links pointing to your site, the more important the search engine will think your pages are.
PR(A) = (1-d) + d( PR(t1)/C(t1) + ... + PR(tn)/C(tn) ) , Where
PR = Page Rank
A = Web Page A
d = A damping factor, usually set to 0.85
t1...tn = Pages linking to Web Page A
C = the number of outbound links from page tn