“…Such a model undeniably has certain benefits. It is mainly for these reasons that the European Commission bases itself on work carried out within the framework of the HERMIN (Bradley et al, 1995(Bradley et al, , 2003(Bradley et al, and 2007 and QUEST (Roeger et in 't Veld, 1997et 2004Varga et in 't Veld, 2011) models in its European Funds assessment reports. It draws some rather flattering estimations on the role of regional European policy in short term growth (Kelber, 2010) for the HERMIN model, whereas the QUEST model makes some slight references to its long term impact (Magnier, 2004).…”