Corporate debt, endogenous dividend rate, instability and growth

In a neo-Kaleckian growth-model, we endogenize the dividend rate and corporate debt in long run investigate possibility of multiple equilibria instability economy. We find that economy is wage-led demand debt-burdened growth regime. However, both debt-led regimes are possible. some instances, speed adjustment parameter related to dynamics plays crucial role stabilizing Otherwise, may lose its stability gives birth limit cycles. A rise floor level targeted dividend–capital ratio has destabilizing effect on The same true for interest rate. Moreover, significant cause Therefore, lower value desirable promoting