ABSTRACT
This chapter describes a gravity model of economic growth which is bases on the Solow growth model. The golden rule of capital accumulation in the gravity model of economic growth will be defined using two approaches in the below theoretical analyzes. The golden rule of capital accumulation will be understood either as such combination of savings/investment rates that maximizes the geometric mean of long-run consumption per worker in all economies or such combination of those rates that in a long run maximizes consumption per worker in each of the economies. The process of determining the golden rule of capital accumulation in the second analyzed case can be reduced to the maximization of function with respect to combination.
