Yes, definitely, if you check the save
function of Mage_Core_Model_Abstract
you can see this:
public function save()
{
/**
* Direct deleted items to delete method
*/
if ($this->isDeleted()) {
return $this->delete();
}
if (!$this->_hasModelChanged()) {
return $this;
}
$this->_getResource()->beginTransaction();
$dataCommited = false;
try {
$this->_beforeSave();
if ($this->_dataSaveAllowed) {
$this->_getResource()->save($this);
$this->_afterSave();
}
$this->_getResource()->addCommitCallback(array($this, 'afterCommitCallback'))
->commit();
$this->_hasDataChanges = false;
$dataCommited = true;
} catch (Exception $e) {
$this->_getResource()->rollBack();
$this->_hasDataChanges = true;
throw $e;
}
if ($dataCommited) {
$this->_afterSaveCommit();
}
return $this;
}
This line: $this->_beforeSave();
triggers the following events:
model_save_before
$this->_eventPrefix.'_save_before'
where the event prefix depends on your model. In your case, it is catalog_product
On the other hand, this line: $this->_afterSave()
triggers the following events:
model_save_after
$this->_eventPrefix.'_save_after'
(same remark as before)