Journal of Scientific Papers


© CSR, 2008-2019
ISSN 2071-789X

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  • General Founder and Publisher:

    Centre of Sociological Research


  • Publishing Partners:

    University of Szczecin (Poland)

    Széchenyi István University, (Hungary)

    Mykolas Romeris University (Lithuania)

    Alexander Dubcek University of Trencín (Slovak Republic)

  • Membership:

    American Sociological Association

    European Sociological Association

    World Economics Association (WEA)




The economics of farmers’ suicide in developing countries

Vol. 12, No 1, 2019

Augendra Bhukuth,


ITSMI School of Management

Paris, France


The economics of farmers’ suicide in developing countries


Damien Bazin,


Côte d’Azur Université


Nice, France


Naceur Khraief,


Tunis Business School

Université de Tunis

Tunis, Tunisia


Bernard Terrany,


Ipag Business School

Paris, France





Abstract. In the past years, farmers suicide in India has become a major problem and denotes a social ill that could lead to a national tragedy. This article seeks to explain the phenomenon of suicide among Indian farmers. The article focuses only on economic factors to explain suicides. We have constructed a theoretical model, based on the assumptions which show that over-indebtedness, price of inputs, and uncertainty of the return on the technology used by the farmers can cause suicide. Therefore, we assume that over-indebtedness has a negative impact on the livelihood of Indian farmers and on their capacity to repay the debt. Consequently, an assumption is made between suicide and the decrease of utility on one side and suicide and an increase in prices for inputs on the other side. Ultimately, suicide becomes a rational and optimal choice that improves well-being in the sense that farmers are relieved from all burdens of material life.


Received: August, 2018

1st Revision: December, 2018

Accepted: January, 2019


DOI: 10.14254/2071-789X.2019/12-1/8

JEL ClassificationD62, D63, Q12, Q14

Keywords: farmers suicide, poverty, indebtedness, rational choice, GMO technology