Abstract: The aim of this article is to study how environmental education is integrated into Vocational Education and Training (VET) in Georgia1. The article covers analysis of the relevant documents, study of VET teachers’ attitudes towards integrating environmental education into the VET and their teaching practices. The study was conducted using the qualitative and quantitative methods in 2014 in the capital city of Georgia, Tbilisi. Overall, teachers have positive attitudes towards integrating environmental education in VET. Although teachers’ attitudes are related to their willingness toward implementing environmental topics in their classes to some extent, there is a lack of correspondence between teachers’ attitudes and their assessment practices. The study identified barriers that teachers face in the teaching of environmental issues. Based on the findings the research provides recommendations at policy and delivery levels.

• Publication Date: 11-Dec-2015
• DOI: 10.15224/978-1-63248-067-5-62
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Abstract: This study is aimed at finding an empirical evaluation of the rationality of naïve diversification when applied to indexed investments, linked to the most representative benchmarks of the US and EMU stock markets. An investor, in the MPT and CAPM frameworks, is assumed to be rational when he/she chooses the most efficient portfolio. The empirical study employs four measures of efficiency: the Gibbons, Ross and Shanken test; the Wald test, implemented through a bootstrap simulation; the Generalized Method of Moments test, implemented through a block bootstrap simulation; and Kandel and Stambaugh’s relative efficiency measure. Results provide strong evidence of the superior efficiency of equal weighting if compared to float- and capitalization- weighting. As a consequence, these findings suggest that naïve diversification can be regarded as rational behavior for indexed investors.

• Publication Date: 11-Oct-2015
• DOI: 10.15224/978-1-63248-067-5-63
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