How can the European Commission claim that one euro invested in cohesion policy generates 2.74 euros?

As firms and people start earning more, they also invest and consume more (the so called Keynesian multiplier effect).
78% (50 votes)
Accounting for the increased productivity in the economy that continues long after capital spending is over.
6% (4 votes)
Excluding the European Social Fund, one of the three cohesion funds that allegedly "invests" in people.
9% (6 votes)
Relying on the simulations of a New-Keynesian dynamic general equilibrium (DGE) model instead of real observed data.
0% (0 votes)
Assuming that EU regional fund investments are as productive as others in the same categories.
0% (0 votes)
Paying and independent external consulting firm to do the study.
6% (4 votes)
Total votes: 64
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