No, corporal punishment is not an effective training method.
Hiby et al reviewed dog training results, but included corporal punishment under the broader category of punishment based training (including yelling at the dog and putting him out) and concluded
Overall, our results suggest that punishment-based training is not
effective at reducing the incidence of problematic behaviours, and its
use seems to be linked with the increased occurrence of potential
EF Hiby, NJ Rooney, and JWS Bradshaw. Dog training methods: their use, effectiveness and interaction with behaviour and welfare. Animal Welfare 2004, 13: 63-69.
Herron, et al performed a study focused on the dog's response to specific negative training techniques, and noted that 43% of the dogs in the study (12/28) responded aggressively when they were hit or kicked for exhibiting undesirable behavior. This display of aggression is a safety concern for the owner, as well as not being a desireable training outcome.
"Survey of the use and outcome of confrontational and
non-confrontational training methods in client-owned dogs
showing undesired behaviors"
Meghan E. Herron, Frances S. Shofer, Ilana R. Reisner
Applied Animal Behaviour Science 117 (2009) 47–54
accessed online Feb 7 2014