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Trade Flows in Australia, 1974-75: An Assessment of Structural Change

This article provides an estimate of the 1974-75 trade flows table for Australia and compares this with the 1968-69 table and with the Cox et aL table for the United States in 1947. Comparisons are made both directly from the three tables, and indirectly, in terms of an underlying set of structural coefficients. Significant changes are noted in Australian flows, reflecting the changing market power of the retail sector.