No, but there was a study done on the subject, that I ran across. It showed that photolysis of water to produce oxygen would be offset by the conversion of the created oxygen by reactions which would also apply to the photosynthesis problem. I'll see if I can find it again. I'm off for a while.
Thought to have been true for a while on the young earth. Rusting iron and all that. We ran out of free iron.