中文摘要：

利用广义矩估计（GMM）方法，对中国八个区域的污染、规制和外商直接投资区位选择进行实证分析。结果发现：污染在沿海趋于改善，内陆则趋于恶化，“污染避难所”由沿海向内陆转移的倾向日趋明显；分权背景下，地方政府具有放松规制的激励，“以污染换增长”的引资理念在地方政府（尤其是内陆地区政府）普遍存在；FDI区位选择是多因素综合作用的结果，总体而言，流入沿海的FDI寻求“效益最大化”，流入内陆的FDI则寻求“成本最小化”。

英文摘要：

By using the generalized matrix estimation method （GMM）, an empirical analysis is made on the pollution, regulation and the location choice of FDI of eight regions in China. The results show that pollution in the coastal regions tends to be improving, but the situation of inland regions tends to be worsening, so the moving tendency of the ＂pollution haven＂ becomes more ob- vious from the coastal regions to inland regions; Under the background of power decentralization, local governments have incentives to reduce regulation level, and the investment concept of ＂exchange pollution with growth＂ is popular among local governments （especially among inland governments） ; FDI location selection is a result of the combined action of various factors, so in gen- eral, FDI in coastal regions tries to seek ＂benefit maximization＂, and the FDI in inland regions aims to seek ＂cost minimization＂.