Some say yes and others say no.
While doing a brief scan though the net, I found a couple of DON'Ts when it comes to choosing maxi dresses for petites. Here's MK Olsen and Rachel Zoe showing how NOT to wear a maxi dress or a kaftan for that matter.
More fabric + Larger prints + Shorter stature = Overwhelmed Frame
Still, there are several maxi dress styles that DO work for petites.