Relationship between economic development and natural resource curse: Empirical study on political stability

Natural resources are important for economic activities and economic development. They are also irreplaceable factor in this process. Some countries are abundant with and highly dependent on them. In this kind of countries, development process take a longer time in comparison to countries have less natural resources. Low or non-increasing growth rate was seen as well. That situation was named as "natural resource curse hypothesis". It has been tried to analyze and shed light on to this matter in our study that in countries that have political stability by using econometric anaylsis.