Investment Evaluation of Higher Education Through Cost-Benefit Analysis: Evidence from Adrar University-Algeria

Abstract

This study aims to measure the social and individual rates of return for investment in higher education at Adrar University. The approach adopted looks for investigating the costs and benefits of the human capital. The study found that the economic feasibility of investment in higher education exists at both the individual and social levels, where we have acquired a rate of 10.34% for the social return and a return of 13.27% for the per capita return. These two rates are much higher than the prevailing market interest rate for the period 2008/2011.