Pasinetti and dual equilibria in a post Keynesian model of growth and institutional distribution

In this paper we extend the post Keynesian theory of growth and distributio n to a corporate economy. We show that the rate of profits and the distribu tion between profits and wages are influenced by the behavioural parameters of shareholders and firms, such as the degree of indifference between divi dends and capital gains and the retention ratio, and by long-lasting stock market imperfections. What has been obtained in previous analyses such as O 'Connell (1985, 1995) are special cases of these results. The conditions fo r the existence of what are known in the literature as Pasinetti and dual e quilibria are also investigated.