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This study generally analyses the livestock sector in the TRNC and the red meat sector in particular. The historical overview and economic structure of the TRNC show the importance of the agricultural sector for the TRNC. In order to understand the red meat sector in general, first the international red meat sector is examined shortly and then the red meat sector in the TRNC is analysed. The research data rely on a descriptive analysis based on the interpretation of primary and secondary data from the official websites of the Ministry of Agriculture of Northern Cyprus and Food and Agriculture Organization of the United Nations (FAO). TRNC does not have a liberal economy and import of red meat is strictly forbidden to the country. However, recently, discussions regarding liberalising the import of red meat led to further discussion of the problems experienced in red meat production and the factors affecting costs of production. The decision to import red meat supports the depth of existing problems in this field today. This study aims to reveal the necessity of policies that will bring possible solutions to overcome the structural problems in the red meat sector.

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This study investigates the determinants of comparative advantage of crude oil production in 10 OPEC and 10 non‐OPEC countries over the period 1990–2016. The study calculates the comparative advantage using the Normalized Revealed Comparative Advantage index (NRCA) and further estimates the relationship between the comparative advantage and three explanatory variables using panel autoregressive distributed lag (panel ARDL) in a separate panel for each group of countries. The result of NRCA shows that all OPEC countries have a comparative advantage in crude oil production, whereas five of the 10 non‐OPEC countries have a comparative advantage in crude oil production. The result of the ARDL indicates that crude oil price (COP) and average of daily production (ADP) positively affect comparative advantage of crude oil production. The effect of natural resources (PR) is negative, suggesting that an increase in PR decreases the comparative advantage of these countries—a result that aligns with the philosophy of Hotelling rent. Finally, bidirectional Granger causality is established between all the investigated variables in both panels.