What's the difference between the ECM Regression in the ARDL Error Correction Regression and the Conditional Error Correction Regression in the ARDL long run form and bound test as seen in EViews
An ECM is embedded and estimated in the ARDL regression model when evidence of existence of cointegration between variables has been found via the Bounds Test procedure, while conditional error correction regression is basically applied when there is a practical logical rationale to impose specific restrictions in the model.