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

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.

9th International Scientific ERAZ Conference – ERAZ 2023 – Conference Proceedings: KNOWLEDGE BASED SUSTAINABLE DEVELOPMENT, hybrid – online, virtually and in person, Prague, Czech Republic, June 1, 2023

ERAZ Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ERAZ conference partners: Faculty of Logistics, University of Maribor, Maribor (Slovenia); University of National and World Economy – UNWE, Sofia (Bulgaria); Center for Political Research and Documentation (KEPET), Research Laboratory of the Department of Political Science of University of Crete (Greece); Institute of Public Finance – Zagreb (Croatia); Faculty of Tourism and Hospitality Ohrid, University of St. Kliment Ohridski from Bitola (North Macedonia)

ERAZ Conference 2023 Conference Proceedings: ISBN 978-86-80194-72-1, ISSN 2683-5568, DOI: https://doi.org/10.31410/ERAZ.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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