In standard trade theory, migration and fdi substitute one another in the international reallocation of labour and capital. However, recent socio-economic literature suggests that migrants can both convey information on their home country (e.g., on business practices or the characteristics of...

In this article, we use an econometric model to forecast human capital levels and skilled migration rates in all the regions of the world. Given the trends in educational attainment, our simulations reveal that the average world brain drain should decrease in the following decades, at least if...