No it doesn't, walking doesn't work the muscles enough to do that, jogging does, so does running, but not walking. 

Edit:Oh reddit so cute, down voting someone for giving knowledge that you can learn in a 9th grade weight training course. 

Edit 2: keep'em coming your downvotes make me no less correct. 

Edit 3: *places downvote collection bucket* I'll cash these in eventually. 