An Evolution Model of Fintech Supports Technology-Based SMEs Innovation and Growth

Table 6

The local stability of the equilibrium point of the system (Proposition 2, 3, 4).

Equilibrium point	Proposition 2
				Stability
	—	—	+	Unstable
	—	—	—	ESS
	+	+	+	Saddle point
	+	+	—	Unstable
	+	+	+	Saddle point
	—	+	—	Unstable
	—	—	+	Unstable
	—	—	—	ESS
Equilibrium point	Proposition 3
				Stability
	+	+	+	Saddle point
	+	+	—	Unstable
	+	—	+	Unstable
	+	—	—	Unstable
	—	+	+	Unstable
	—	+	—	Unstable
	—	—	+	Unstable
	—	—	—	ESS
Equilibrium point	Proposition 4
				Stability
	—	—	+	Unstable
	+	+	—	Unstable
	+	+	+	Saddle point
	+	—	—	Unstable
	+	+	+	Saddle point
	—	+	—	Unstable
	—	—	+	Unstable
	—	—	—	ESS