[ABSTRAK
Bank milik pemerintah daerah (BPD), didirikan dalam upaya membantumempercepat pembangunan daerah dimana BPD berada. BPD seharusnya dapatmenjadi preferensi utama masyarakat daerah dalam menggunakan jasa ? jasaperbankan, karena biaya - biaya bunga yang ditanggung oleh BPD tidak sebesarbiaya ? biaya yang ditanggung oleh bank konvensional pada umumnya, sebagaishareholder pemerintah daerah tidak perlu mengenakan bunga yang terlalu tinggimengingat pemerintah daerah juga akan mendapatkan bagian laba dari BPD, dansebagai implikasinya BPD dapat mengenakan bunga pinjaman yang tidak terlalutinggi kepada para pengusaha, sehingga diharapkan produk pinjaman BPD dapatbersaing dengan produk pinjaman bank ? bank konvensional yang beroperasidisekitarnya. Sedangkan BPD saat ini, masih tertarik untuk menepatkan dananyapada surat berharga, sehingga fungsi intermediasi BPD menjadi semakin berkurang.Tujuan yang diharapkan dari penelitian ini adalah : Untuk mengukur pengaruhpenempatan dana oleh BPD terhadap pertumbuhan ekonomi daerah, Untukmengukur penyaluran kredit investasi oleh BPD terhadap pertumbuhan ekonomidaerah. Populasi penelitian adalah seluruh Bank Pembangunan Daerah yang adadiIndonesia. Berdasarkan data pada Bank Indonesia, jumlah Bank PembangunanDaerah perDesember 2013 sebanyak 26 bank. Jenis data yang akan digunakandalam penelitian ini bersifat data runtut waktu (timeseries) dari Januari 2009 sampaidengan Desember 2013 Model yang akan digunakan dalam penelitian ini adalahDengan menggunakan data panel. Hasil penelitian tentang Analisis DampakKepemilikan Surat Berharga oleh BPD Terhadap Pembangunan Daerah, Belanjamodal pemerintah, kredit produktif, pemilikan surat berharga oleh BPDberpengaruh positif terhadap PDRB, dan signifikan mempengaruhi PDRB,Angkatan kerja memiliki pengaruh positif terhadap PDRB, namun pengaruhangkatan kerja tidak signifikan terhadap PDRB.

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ABSTRACT
Local government-owned banks (BPD), was established in order to help acceleratethe development of the area where the BPD located. BPD should be a primarypreference in using the services of local communities - banking services, becausethe costs - interest costs borne by BPD is not at cost - the cost of which is borne bythe conventional banks in general, as a shareholder of local governments do notneed to charge interest that is too high in view of government area will also get ashare of profits from the BPD, and by implication BPD may charge interest on theloan is not too high to employers, so expect BPD loan products can compete withbank loans - conventional banks operating nearby. While BPD today, is still keento match the funds in securities, so that the intermediation function BPD becomesless and less. The expected goals of this study are: To measure the effect of theplacement of funds by BPD on regional economic growth, to measure investmentlending by BPD to regional economic growth. Population was all the existingRegional Development Bank in Indonesia. Based on data from Bank Indonesia, thenumber of regional development banks perDesember 2013 as many as 26 banks.The type of data that will be used in this research is time series data (time series)from January 2009 until December 2013 The model that will be used in thisresearch is the use of panel data. Results of research on Analysis of Impact ofOwnership of Securities by BPD Against Regional Development, governmentcapital spending, credit productive, ownership of securities by BPD positive effecton GDP, and significantly affect GDP, labor force have a positive influence on theGDP, but the effect was not significant workforce to GDP, Local government-owned banks (BPD), was established in order to help acceleratethe development of the area where the BPD located. BPD should be a primarypreference in using the services of local communities - banking services, becausethe costs - interest costs borne by BPD is not at cost - the cost of which is borne bythe conventional banks in general, as a shareholder of local governments do notneed to charge interest that is too high in view of government area will also get ashare of profits from the BPD, and by implication BPD may charge interest on theloan is not too high to employers, so expect BPD loan products can compete withbank loans - conventional banks operating nearby. While BPD today, is still keento match the funds in securities, so that the intermediation function BPD becomesless and less. The expected goals of this study are: To measure the effect of theplacement of funds by BPD on regional economic growth, to measure investmentlending by BPD to regional economic growth. Population was all the existingRegional Development Bank in Indonesia. Based on data from Bank Indonesia, thenumber of regional development banks perDesember 2013 as many as 26 banks.The type of data that will be used in this research is time series data (time series)from January 2009 until December 2013 The model that will be used in thisresearch is the use of panel data. Results of research on Analysis of Impact ofOwnership of Securities by BPD Against Regional Development, governmentcapital spending, credit productive, ownership of securities by BPD positive effecton GDP, and significantly affect GDP, labor force have a positive influence on theGDP, but the effect was not significant workforce to GDP]