What is Error Correction Term?

[atifdai313]

Respected brothers,

Suppose my model is

ln(xit/mit)=b0+b1*rit+b2*Ypt+b3*Yit+e............(1)

where xit/mit is ratio of Export to import of domestic country with trading partners.
Rit=Real bilateral exchange rate between domestic country and trading partners.
Ypt=Domestic country real GDP.
Yit=Trading partner real GDP.
I am using the ARDL approach(bound testing),

I used this command in Eviews by taking 1 difference and 1 lag.

Dln(xit/mit) c dln_rit dln_Ypt dln_Yit ln(xit/mit)(-1) ln_rit(-1) ln_Ypt(-1) ln_Yit(-1)

Suppose estimated results:dln(xit/mit) = - 47.12 - 1.307*dln_rit + 6.283*dln(ypt) + 1.699*dln(yit) -0.3682*ln(xit/mit)_1 - 0.157*ln(rit)_1 - 0.3644*ln(ypt)_1 + 2.154*ln(yit)_1.

Now my question is that from above estimated model, which is our error correction model.

or Error correction term is separate thing and part of error correction model.