Assessing the Impacts of Price Controls on Emerging Markets: Evidence from Tirana City, Albania
Assessing the Impacts of Price Controls on Emerging Markets: Evidence from Tirana City, Albania

Author(s): Brunela Trebicka, Azeta Tartaraj
Subject(s): Socio-Economic Research
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Price controls; Social safety nets; Regulatory environment; Economic growth; Fiscal sustainability
Summary/Abstract: This study examines the effects of price controls in emerging markets, focusing specifically on Tirana City, Albania. Utilizing a mixed-methods approach that merges quantitative price data analysis with qualitative evaluations of its socio-economic impacts, the research aims to shed light on the effectiveness and repercussions of price controls. Findings suggest that while these controls can act as temporary social policy tools, they often lead to negative economic consequences, including stifled investment, hampered growth, worsened poverty, and substantial fiscal strains. The study emphasizes adopting targeted social safety nets, reforms, and a stable framework to mitigate price control effects, highlighting the role of transparent stabilization funds for fiscal sustainability. Exploring price control implications in Tirana City, contributes to the dialogue on regulation management in emerging markets, advocating for strategies that harmonize social objectives with economic growth, and urging policymakers to seek balanced approaches for long-term prosperity.

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