Cost-benefit analysis is a technique for assessing the economic utility of the public and private investment projects. This technique identifies and evaluates the net benefits associated with alternatives to achieve defined public goals. Although, cost-benefit analysis has been most often used to analyze the justification for investment in physical resources. In recent years it has been extended to the analysis of investment in human capital.
Cost-benefit analysis is based on Dupuits approach of consumers surplus and as applied welfare economics, this technique uses a decision criterion as identified as the Potential Pareto Criterion. This study also examines the Turkish case and Turkish government investment projects. In recent years, this technique has been inevitabely employed by many government units in Turkey.
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